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Jeep Liberty Lease Questions

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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: 38,518
    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: 38,518
    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: 42
    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: 42
    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.
  • Just wondering if anyone got back to you about your inquiry about the lease amount. My son and I are trying to negotiate almost the exact same deal and our numbers for the monthly cost are much higher than what you have. We are in the suburban phila. area. Where are you? Can someone please respond to barbototal's numbers. We go back on Monday and I want to be well versed with knowledge. Thanks.
  • Hi bardototal. In addition to all of the cash incentives that are available on this truck, it was recently switched to $5,000 dealer cash for the month of December, you should be able to negotiate a dealer discount on it as well. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Good luck in your negotiations and let me know if you have any other questions.

    Car_man
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  • Car man
    can you tell me what the cuurent lease buy rate is on a 2006 Jeep liberty? I think I have the other components figured out, but the buy rate they are quoting me seems high for tier one credit...thanks!
  • Hi jakpenn. Unfortunately, DaimlerChrysler is no longer providing lease support on 2006 models. You can still lease one through Chrysler Financial, but you will have to use its standard lease money factor. Its money factors vary depending upon how long you lease for. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. Chrysler Financial's current 36 month standard buy rate lease money factor is .00332 for consumers who qualify for its top credit tier. When negotiating your lease on the 2006 Jeep Liberty that you are interested in, make sure to take the $5,000 dealer cash that is currently available on it into account. this incentive will help you negotiate an attractive capitalized cost for your lease.

    Car_man
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    Prices Paid Forum
  • Hi my fiance just signed a lease for a 2007 jeep liberty sport 4x4 and I was hoping to get some feedback. She put 1279 down which included the first month's payment and her monthy payments are 279 a month for 15k miles per year. The buyout at the end of the 39 month lease was 10688. I don't have the contract in front of me so I don't know what the money factor was but I know she recieved 4.5k in rebates( 1k lease loyalty, 3k liberty promotion, 500 dealer Pres special=4.5k) Additionaly the MSRP was apx 25,500 and the agreed apon value was apx. 23,600. She is charged .15 cents a mile if she goes over.

    First was this a good deal in todays market?

    Second is the buyout at the end a fair price?

    Thanks for your responses,

    Dave
  • Here are some more specific numbers from the contract:

    38 monthly payments of 279.00
    total monthly payments of 10881
    Other Charges: 425 (vehicle turn in fee if I don't purchase)
    16806 total payments

    5492.51 due at lease signing
    4500.00 total rebates and non-cash credits
    1279.01 cash due at signing

    Gross Capitalized cost:
    23156.92 (agreed upon cost of vehicle)
    25401.89 (any items payed over lease term)

    adjusted capitalized cost 19909.38
    residual value 10649.10

    depriciation and amortized amounts: 9260.28
    rent charge 1620.72
    total of base monthly payments: 10881.00

    lease payments: 39 (one paid in down payment)

    total monthly payment= 279

    Excessive wear and use: .15 per mile over 48750

    Estimated official fees and taxes: 2158.77

    NJ DISCLOSURE:
    MSRP= 25355.00
    Total cost of lease if you do not defualt and exercise the puchase offer at the end of the lease term 27455.11

    Well sorry If I put in a lot of data you didn't neeed but I have never leased a vehicle before and I was curious to if we got a good deal and if not I want to know what to look for if I choose to lease in the future.

    Thank you all for your time and consideration.
  • I just notice a mistake I made in the above the figures:

    5492.51 due at lease signing
    should be
    5779.01 total due at lease signing
    (5492.51 +279 1st month + 7.50 misc.)

    Here is a mistake I believe the dealership made on the contract:

    I noticed that if I added up
    box 1 5779.01 due at lease signing
    box 2 10881.00 monthly payments over life of lease
    box 3 turn in fee not applicable unless turned in

    box 4 total payments is 16806.01
    but shouldn't it be 16660 by adding box 1 & 2????

    does the 146 dollar discrepency mean anything?

    I pulled the paperwork from her old lease and box 1 & 2 added up to equal box 4.

    Anyways just wanted to know if it was a clerical mistake or if I am missing something.

    Thanks Again,
    Dave
  • Hi, I am new to the forum and I mistakenly started my own thread under jakpenn's thread about lease to buy ratio. If anyone could please give me some info on the lease I talked about above I would greatly appriciate it.

    (if a moderator could move my questions into this thread it would be great too!!)

    Thanks,
    Dave
  • Alright, I could have m ade a mistake but given the formula I found on the web I think I calculated the money factor on the deal above to be .001359 (if I take that and multiply it by 2400 I get equivelant 3.2% interest rate) Right now they are giving out a 3.9 60 month interest rate on the Liberty so. . . it I think I did alright???

    Anyways, if anyone can check my math and my numbers please let me know how we did on this lease.

    It appears that my residual is low but I still don't know how to factor it. Do you go off the agreed purchase price, the MSRP or do you take the Gross Cap Cost minus the incentives you didn't pay for?

    Thanks Again,
    Dave
  • here are the formulas I used:

    Monthly Finance Fee = Lease Charge ÷ Term

    Finance Fee = ( Net Cap Cost + Residual ) × Money Factor

    Depreciation Fee = ( Net Cap Cost – Residual ) ÷ Term

    $ fac = Lease Charge ÷ ( (Net Cap Cost + Residual) x Term )

    Interest Rate = Money Factor x 2400

    Total Monthly Payment = Depreciation Fee + Finance Fee
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