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Jeep Liberty Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
edited June 25 in Jeep
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Jeep Liberty. Thanks.

Car_man
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Comments

  • Car_Man:

    Still shopping for the right small sport ute as I way waiting for the new RAV 4 in 2006.

    What's the money factor and residual on the 2006 Jeep Liberty Limited 4x4? I'm in NY, need 24, 30, and 36 months and 10/12,000 miles.

    Thanks,

    Jack
  • jr32jr32 Posts: 23
    I am thinking about leasing a 06 Liberty Renegade 4x4. The lease price I got from the dealer is $300 per month for either 27 or 39 months (same price either way).

    - $3500 down (trade-in)
    - $300 per month, includes all taxes, title, plates..... everything.
    - 12k per year. Plus all maint (oil.....)
    - sticker price for the Liberty is 27,705.
    - they figured in the $2500 incent, no security.

    Does this sound like a good deal?
  • Hi Jack. If you were to lease a 2006 Jeep Liberty Limited 4WD through Chrysler Financial right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00212 and 61%, respectively. The numbers for an otherwise identical 30 month lease should be .00289 and 57%. The numbers for an otherwise identical 36 month lease should be .00289 and 54%. When negotiating your lease on this truck, don't forget to take the $1,500 lease cash and $1,000 bonus cash, $2,500 total into account.

    Car_man
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  • Greetings jr32. You never mentioned the selling price or MSRP of the truck that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.

    Car_man
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  • Hi,

    Is it reasonable to expect a $350/month or less lease payment on the following:

    2006 Liberty Limited
    28G package
    Heated Seats
    Sunroof
    36 month, 12,000 mile lease

    With the current incentives of $2000 lease cash and $1000 loyalty (I have a jeep now)

    Right now, I have a 2003 Jeep Liberty Limted whose 39 month 15,000miles/year lease is expiring in January. I'm under mileage and the car is in excellent condition. The residual of my current car is about $12,500. I figure that the dealer could sell it used for 16-17K if they figured something where they bought out my car etc.

    Taking all this in to account, I figure that a $350/month or less new lease payment is realistic.

    Can anyone set me straight?
  • aaron_taaron_t Posts: 301
    Liberty has $2000 rebate + $1500 CFC Bonus + $1000 lease loyalty. Say you can get $1500 off MSRP, I think <$300mo is easy to get for 24mo/12k mile lease, maybe $250. I have seen Renegade (base X package + automatic) advertised for $1899 one time payment (plus taxes/lease fees). That includes an extra $1000 employee bonus cash + employee price which is about a 10% discount from MSRP.
  • thomaswthomasw Posts: 34
    I am negotiating a lease on a Liberty CRD, which will have to be ordered from the factory. If we reach a deal, the dealer told me that the lease money factor they are giving is only an estimate because Chrysler Credit won't lock in until delivery.

    Is this true, or should I be concerned that the dealer is going to try to force me into a higher money factor when I go to take delivery?

    THANKS!
  • dmjjpydmjjpy Posts: 11
    Car_man, could I please get the residual and money factor for a Liberty CRD 4X4 for a $0 down/24 month/12k miles lease?

    Thanks!!!
  • Hi thomasw. what your salesperson told you probably is true. While some banks, like BMW Financial Services, will lock in lease programs on ordered vehicles, it is very possible that Chrysler Financial (now known as DaimlerChrysler Financial Services) will not. If you are concerned that the dealer that you are working with is going to try to mark your truck's money factor up, stop back and ask me what it is at some point during the month that you expect to take delivery of it. I will be happy to let you know what its lease program is like. You can confront your dealer with this information if they try to pull anything.

    Car_man
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  • Hey dmjjpy. If you were to lease a 2006 Jeep Liberty Sport Diesel 4WD through DamilerChrysler Financial right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00242 and 53%, respectively.

    Car_man
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  • beth6beth6 Posts: 1
    hey car_man
    What can I expect the money factor and residual for a 2006 liberty CRD 4x4 0 down 36 months 12k miles Thanks
  • I see that you're considering a diesel, beth6. That's probably a good call. If I was in the market for a new vehicle, I would strongly consider getting one as well. If you were to lease a 2006 Jeep Liberty Sport Diesel 4WD (the numbers for the Limited version are different) through Chrysler Financial right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00242 and 55%, respectively.

    Car_man
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  • Thanks Car_man!

    One other question, what is the current (lease) acquisition fee from DCFS?

    In advance, thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, thomasw. Unfortunately, a few months ago DaimlerChrysler Financial Services raised its base lease acquisition fee to $700 on all models. At least it no longer requires a security deposit on leases.

    Car_man
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  • Hi!

    Car_man (and others),

    Can you get me the current money factor and residuals on a 2006 4x4 Automatic Liberty Sport? For both a 27 and 36 month lease, with 12k miles/year? Jeep seems to be pushing the 27 month leases, and I'm trying to figure out which is better for me.

    Thanks,
    Pat
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, Pat. According to the latest information that I have seen, if you were to lease a 2006 Jeep Liberty Sport 4WD through Chrysler Financial right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00191 and 51%, respectively. I haven't seen any info on 27 month leases of this truck lately.

    Car_man
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  • tmcamerontmcameron Posts: 1
    Hello Car man,

    Have you seen any current money factors and residuals on a 2006 Jeep Liberty 4WD Sport or Limited for a 27 month lease, 15,000 miles/year? If you don't have any info on 27 month, do you have info on current 36 month leases?

    Thanks!
  • A dealer is offering me the following deal.

    2006 liberty sport
    2k down
    12k miles/yr
    27 months

    total monthly payment is $200.

    I need to know if this is fair?

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I certainly have, tmcameron. If you were to lease a 2006 Jeep Liberty Sport 4WD through Chrysler Financial right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00167 and 48%, respectively. The numbers for an otherwise identical lease of an '06 Liberty Limited 4WD are .00179 and 47%. When negotiating your lease on this truck, keep in mind that DaimlerChrysler is currently providing $2,500 lease cash on it. This cash will help you to negotiate an attractive capitalized cost.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello wickdwallflowr. You never mentioned the selling price or MSRP of the truck that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.

    Car_man
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  • the msrp on the sticker is 24750.
    the cap ost is 19605.

    I'm supposed to close the deal today!!!!

    HELP!
  • I am going to cross the limit of 36000 miles on my leased Jeep liberty 2004. What should i do to avoid 25cents per mile for extra miles.
  • libbmannlibbmann Posts: 10
    Stop driving.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rajinder75. I am sorry to hear that you are going to exceed your leased vehicle's mileage allowance. While libbmann's curt answer to your question, "stop driving", was funny, it really is the only way for you to avoid having to pay an excess mileage charge. The only other way is for you to purchased your leased Liberty at the end of its term. Consumers who purchased their leased vehicles do not have to pay any sort of penalty for excess mileage or excess wear and tear.

    Car_man
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  • Hey Car_man,

    I'm looking at a Jeep Liberty Limited 4dr SUV 4WD with package 29G and GWA. What is the money factor and residual for 36 month lease and 12,000 miles/year? Also, does the $2K in customer cash apply here as well?

    I was thinking I could negotiate to invoice and get the $2K in cash to reduce the cap cost. Does that sound realistic?
    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey mbartels11. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Jeep Liberty Limited 4WD with 12,000 miles per year are .00179 and 45%, respectively. DCX is providing $2,000 lease cash on this truck right now. Make sure that the dealer you are working with is subtracting this incentive from your truck's employee purchase price to arrive at the capitalized cost for your lease.

    Car_man
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  • cnote2cnote2 Posts: 63
    looking for liberty 4x4 limited or base 4x4 money factors and residuals, also what kind of lease cash is there on these? Thanks
  • cnote2cnote2 Posts: 63
    sorry forgot important info, 24/36 month 12k a year.
  • Hi cnote2. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2006 Jeep Liberty Sport 4WD with 12,000 miles per year are .00097 and 50%. The numbers for an otherwise identical 36 month lease of this truck are .00229 and 45%. Its current buy rate lease money factor and residual value for a 24 month lease of a 2006 Jeep Liberty Limited 4WD with 12,000 miles per year are .00091and 49%. The 36 month numbers for this truck are .00223 and 44%. DaimlerChrysler is currently providing $3,000 lease cash plus $2,000 Chrysler Financial bonus cash, $5,000 total, on this truck. If you get a model that has been in dealer inventory since April 1st or earlier, there is an extra $1,000 on it.

    Car_man
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  • I understand that off the $26,050 retail price for this model tehre is presently a $3000 rebate to clear the 2006 off the lot, you get a $1000 for leasing through Chrysler, and another $1,000 incentive. I was quoted a $250 per month lease for 12000 miles. Should this include the taxes too? Apparently there is a AAA discount as well but I am not sure how much that is worth. I thought I could get this down closer to $200 a month with all included, no deposit and just the first month's payment and license fee. Is that unrealistic?

    All these rebates come off the cap cost but should I negotiate anything else - what is negotiable. Thanks Car Man.
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