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Jeep Commander Prices Paid and Buying Experience

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  • Thanks for the response Car man. I was looking at 36mnth 12k/yr. I just got a quote today for 2008 Sport AWD Rocky Mountain edition. The MSRP was $34,960. He said taking the $3,500 lease cash into consideration, monthly payment would be $457 mnth all included with just first months payment due at signing. I don't know about the additional bonus cash you are referring to. I live in CT so I don't know if it's available here. Does this quote sound too high?
  • You're welcome, mrj0001tj. Unfortunately, Chrysler is not providing any additional bonus cash on the Commander in its Northeast region. You never mentioned the selling price of the specific truck that you are interested in leasing. This is an important number 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 the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work give you my opinion of this deal if you let me know what its selling price is.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car Man, he told me the selling price is $29,428. How does that sound?
  • I'm look to lease a 2008 Commander Sport (26U package) (MSRP 36,580), I have preferred pricing through my job which makes the car 33,814 minus 4,500 in incentives (3,500 cash back and 1,000 lease loyalty) brings the price to 29,314. I need 15k per year in mileage. I was quoted 418 per month plus 2,300 due on delivery (tax, title, licensing, ect..).

    Additional info: It is a 36 month lease and I live in the NJ.

    Is this a good deal? Am I leaving money on the table?

    Thanks in advance,

    Rob
  • Lets get this forum moving again!

    Hope this is appropriate here. I do not see where I can add a new discussion and most Commander discussions are dead!

    I am thinking of switching form Toyota to Jeep. I have done my homework on the cost of the car but am getting stuck on the extended warranty. All my Toyotas Rav/Highlanders have come w/a 3 /36 warranty and I always buy a bumper to bumper zero deuctible Toyota factory warranty for 7/100K. It consistently runs about $800 if you shop around...not that they do not initially try to push it on you for $1600!

    I was offered a similar warranty on an 07 Commander 4X4 with 15K miles for 4K. Boy did I laugh. Nevertheless I have found internet pricing from some dealers offering the same warranty for $2400.

    Can this possibly correct? Is this still inflated? What are folks paying? Why so much?

    Please advise. I won't purchase the Commander until I know what fair price is for such a warranty. I must consider this in my over all price before I purchase. Thanks!
  • What is the residual and MF for an 08 Commander with Package U (Leather 4.7 V8) MSRP $35,410 and current money factors? as well as the dodge durango with MSRP $35,450 (Nightrunner package - hemi leather)?

    Could really use the help...

    Live in TAMPA FLA
  • Carman... any help would be greatly appreciated. Looking to lease an 08 Jeep Commander Sport with U Package (Leather)- $35,290 MSRP or 08 Durango SLT w/leather $34,865 MSRP. What kind of MF and Residual should I expect on both & what are the "real" invoice $'s.

    Thanks - Jay in Tampa, FL
  • Car Man,

    I have a 2006 Commander that's coming off lease in a couple of months... From what I understand, I should be able to go into a new Commander with no penalty. I want to lease a new 2008 Commander Overland. Sticker is 45,575. As far as I can see, there is about 4,500 in rebates (3500+1000 loyalty)... What is the residual value and the lease factor I should be able to get? Can I get into this car with no $ down and less than 500/month? What would the bottom line payment be? I want at least 24 months with 15,000 miles/year... could go to 36 months. I live in Northern Virginia.

    Thanks in advance!!!

    Gregg
  • chiro498chiro498 Posts: 1
    looking to lease 0 money down 2008 jeep commander 4x4, 12k miles, leather seat package, msrp after cash back is 32, 900, what can i expect a payment to be?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Gregg. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Jeep Commander Overland 4WD with 15,000 miles per year are .00055 and 50%, respectively. The numbers for an otherwise identical 36 month lease are .00044 and 43%, respectively. The 36 month term is definitely going to result in a lower monthly payment.

    Let's work up a sample lease payment on this truck and see what we come up with. You never mentioned what this truck's selling price is. There probably is a $4,000 spread between its full MSRP and its dealer invoice price. Plus, as you mentioned there is $3,500 lease cash and $1,000 loyalty cash currently available on it. For now I will assume that you are able to get the Commander that you want for $500 over dealer invoice minus the cash incentives. According to my calculations, if you were to lease a 2008 Jeep Commander Overland AWD that has an MSRP of $45,575 and a selling price of $38,575 through Chrysler Financial right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $553. It looks like you are going to have to pay a little more than the $500 per month that you were shooting for to lease this truck right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings chiro498. Let's crunch some numbers and see what sort of payment we come up with on this truck. The truck that you are interested in probably has a spread of around $2,700 between its full MSRP and its dealer invoice price. In addition to this, Chrysler is currently providing $3,500 lease cash on this truck. This gives you a total of just over $6,000 to play with during your negotiations. For now I will assume that you are going to be able to negotiate a $5,500 discount on this truck. If you let me know its exact selling price I can use that instead. According to my calculations, if you were to lease a 2008 Jeep Commander Sport 4WD that has an MSRP of $32,900 and a selling price of $27,400 through Chrysler Financial right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $380.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car Man.

    Can you plese let me know what the numbers are from Chrysler Financial on a lease for a 2008 Commander Limited 4x4? Looking for current money factor, residual value, lease cash and loyalty incentives. Thanks.
  • Oh -- and i should have mentioned: looking for 36 months at 12,000 mi per year. thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello thechairman1. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Commander Limited 4x4 with 12,000 miles per year are .00096 and 46%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • magic14magic14 Posts: 1
    I'm looking for 36mos lease 2008 Commander 4x4 Limited w/MSRP=$40,870 and
    Employee Price=$36,203.My total additional discounts=$5,250,incl.$1,000 loyalty.
    I want 15K miles per year. My dealer calculated payments $407/mo w/$0 down.
    Is it good deal?What do you feel about Refuel America deal w/$2.99 per gal.?
    Should I take it and pay extra $70 per mo.? I live in Detroit area.Thank you.
  • stater09stater09 Posts: 4
    Car man;
    I am looking to lease a 2008 Commander Sport 4x4, base model (MSRP just over 30,000). What are the MF and residual rates on a 24 & 36 month low mileage lease - 10,500 per year. Also, if you wouldn't mind working up a sample payment I would greatly appreciate it.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi stater09. This lease program varies somewhat by region, but here is the most likely program available in your area. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Jeep Commander Sport 4WD with 10,500 miles per year are .00277 and 54%, respectively. The numbers for an otherwise identical 36 month lease are .00226 and 47%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Has anyone had any recent negotiations with Chrysler Financial on the end of lease purchase of their vehicle? I have a lease that will be ending this fall and wondered what people have been able to negotiate.

    It seems that auction prices won't justify the residuals, and I read that they are losing $5k+ per vehicle that they are taking back in this segment.

    Any thoughts or recent experiences would be appreciated.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi christiands. I believe that I recall reading a post from someone who was able to successfully negotiate a lower lease-end purchase price on a Chrysler Financial lease lately, christiands. It is difficult to say for certain whether Chrysler will negotiate your Commander's purchase price. Give them a call, you don't have anything to lose by trying. You certainly don't want to pay your truck's full purchase option price, which is likely much more than it is worth on the open market right now. If you wouldn't mind, please stop back and let us all know what they tell you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for the reply car_man,
    I talked to a couple of others that I know are going through similar situations and I will let you know what we're finding.

    First, a friend's Commander is due this month and CFS' first offer to him was $4k off the residual without even asking for a discount. We'll see what he can do; I'm pushing him to offer much lower in writing to see how they respond. His is the test case I guess, so I'll update as needed.

    Another friend has a minivan, so it will be interesting if there is a difference between SUVs and other vehicles. In my opinion (educated, as it relates to what is happening with automakers), there isn't an OEM that wants cars off leases now. Auction values are way off, driving used car values down and the earnings down due to inflated residuals.

    A possible strategy I'm looking at is negotiating not only the purchase price (assuming someone wants their vehicle), but also to have CFS finance it and asking for a low interest loan on the vehicle. I would stay on their books, but probably would be treated differently than taking it in. What do you think?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, christiands. As a follow-up, I came across a new program on Friday that gives me the indication that Chrysler Financial will definitely negotiate the selling prices of leased vehicles. Will they offer enough to make it worth your while to purchase your truck is the question.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Can you please either post or email what program info you found? Thanks in advance.
  • Just to let anyone know, if anyone is even watching what Jeeps are going for, I got the final lease end purchase from Chrysler as follows:

    2006 Comm Limited 4wd
    MSRP: $43,030
    Residual after 27 month lease: $24,500 (approx)
    Purchase from Chrysler: $16,515

    The Jeep only has 17k miles, so I worked out a deal for it. I think overall this is a good vehicle for what it is and this value is fair.
  • melrammelram Posts: 14
    Christiands,

    Were you able to negotiate this buyout price or was it already set by Chrysler? My lease on my 2007 Grand Jeep Cherokee Limited is up in April and I am considering purchasing this vehicle. I also have 27 month lease and only have around 18K miles. The Chrysler rep. stated they would discount the price by $2800. I asked her if this price was negotiable due to the SUV market and she stated the Chrysler sets the discount for the vehicles. I was hoping to get this for lower $ amount but will have to do some research and try again.

    2007 Grand Jeep Cherokee Limited
    MSRP: $39,280
    Residual after 27 month lease: $23,175
    Stated Buyout from Chrysler: $20,375 (this was non negotiable)
  • When I asked several months before the lease end they offered something similar to what they have told you. I was also told that counter offers would not be considered.

    My advice is to tell them that your mileage is at or near the lease limit, and you are not sure if you will purchase it but that you are considering it. About 1 month before lease end they discounted heavily. I suggest calling about 1 month before you have to turn in the vehicle and getting an update.
  • Here is how it works. Or at least what I've been told by Chrysler Financial. I am a veteran salesperson at a dealership in Milwaukee. When you come close to lease end, within a couple months, Chrysler will issue what we call a PLPP(Preferred Lessee Purchase Price). This is a number that you can buy-out your lease for. Not all leases will qualify but most will. This is a number that they think they will be able to sell your returned lease for at auction to a used car dealer. This is a non-negotiable price. Either you take it or you walk away from your lease vehicle. In most cases it is a better price than a dealer could sell you an identical vehicle for. I have called Chrysler myself to get about 20 PLPP #'s for clients of mine. Of the 20, 18 have qualified, and about 14 have bought out there lease. The other 4 just wanted a different car. But in all cases I would not have been able to sell them an identical used vehicle for the same price. It is a very good deal if you like the car you're driving. The dealer or your salesman does not make any money from it. But Chrysler requires that you do the paperwork through a chrysler, jeep, or dodge dealer. Personally, for the work that I do to set up all the paperwork and make sure everything gets handled appropriately a tip would be wonderful. A fair tip would be $20-$30 for the 1-2 hours of time that your salesperson will spend to make sure everything is handled smoothly. I have had some tip and others think that I'm getting paid by the dealership to do the work. Salespeople only make money if they sell you a different car. If you are good to your salesperson they will go the extra mile when you have an issue that needs resolution. Don't forget to purchase an extended warranty to protect your investment.
  • stljeepstljeep Posts: 1
    I just went through purchasing my Jeep Commander when it went off lease and it was the worst experience I have ever had with buying a vehicle. I actually had cash and we did come to a number (which was $5300 off the initial price I was given when I leased the vehicle) but Chrysler Financial would not send me a Payoff Statement or anything in the mail. I kept calling them for this because I went passed the date I was supposed to turn in my jeep waiting for this statement. I originally went to the dealership where I leased my jeep but they were no longer a registered jeep dealer so they told me I could go to another dealership or just call Chrysler directly. Anyway, I waited and fought for over two months getting a dealership involved to help me (all the while they kept imposing fees on the price they originall quoted to me over 2 months ago). I was SO angry about the whole ordeal and I am still pretty upset that even though I like my jeep, it almost went back and I was going to buy a foreign car because I thought maybe they accepted CASH! I can now see why Chrysler is in trouble. The right hand definitely doesn't know what the left hand is doing. I was quoted so many different numbers and told so many different things that it was really upsetting at how disfunctional things are there. They FINALLY faxed over a PLPP Dealer Payoff Letter to the salesperson I have been dealing with today. I am supposed to go in there tomorrow with a cashiers check. I guess I am still on the fence.

    So for those of you wanting to go through this process all I can say is good luck!!
  • Has anyone recently been speaking to Chrysler Lease people about buying out there lease. I am in TX & they quoted me $700 off the residual value & said that was non-negotiable before we even discussed my plans. I called back & spoke to a different rep & he said the same thing.

    I have a 2006 Commander:
    Residual is $16,472.50, they offered $15,772.50

    I am way over on miles, but I like my Commander & have had 0 issues with it. While the TMV is lower becasue I am over my miles, the value is close.

    I'm wondering if I am speaking the right person to discuss negotiating further.
  • When is your lease up? I am 82 days out and I heard once you get inside 30 is where they start to offer better deals
  • jgk1000jgk1000 Posts: 1
    My 2007 Commander Sport lease ends Nov 1st and i've been pondering wheather to buy or turn in. By then i'll be about 4K over mileage (.20 per) The sticker was under $31K. I plunked $2500 down and have been paying a ridiculous $229.17 per month. Went to dealer today and learned buyout is $15,900 (just read in the forum that price is non-nego?) Is that true? Want to get that figure lower so my payments wouldn't jump too much. What to do? Thanks
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