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Jeep Commander Prices Paid and Buying Experience

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi brentkhack. DaimlerChrysler is currently providing $3,500 lease cash plus an additional $500 bonus cash ($4,000 total) on the 2007 Jeep Commander Sport. There is also another $1,000 lease loyalty cash on this model for current Chrysler Financial lessees, but I do not believe that this cash is available to current Mercedes-Benz owners or lessees.

    Car_man
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  • ifiv111eifiv111e Posts: 1
    Hi Car_man. We currently have a Jeep that is a few months from the end of the term of our "smart buy" (I'm not really sure that is the correct term) with Chrysler Financial, i.e., nearing the time that we either make the balloon payment or turn it in like you would at the end of a lease. We are thinking about leasing a new Commander Limited or Overland. A few questions:

    (1) Do you think we'll qualify for the lease loyalty cash, even though we're not technically in a lease currently (since it's a smart buy), for total cash rebates of $5500?

    (2) Do you think that invoice (minus $5500) is a good/realistic price on a Commander Limited/Overland or is that too optimistic?

    (3) Do you have any idea what the current Chrysler money factor and residual value would be for a 36 month lease (in Texas) of a Commander Limited/Overland, 12,000 miles/yr, or if there is a way for me to figure out this info before going into negotiations? I'd also be very interested in seeing these figures for a Grand Cherokee Limited/Overland.

    Sorry for all the questions!
  • ssilbaughssilbaugh Posts: 2
    I am looking at a few different SUVs and am a firm believer that one should start at invoice price and go from there. A couple salespeople have told me that they could "give me a really good deal on an 07.

    If I think a "fair" price is invoice, how much under invoice might I expect to get on an 07 model?
  • ssilbaughssilbaugh Posts: 2
    I'm new at this so sorry if this is a rerun...

    I'm looking at 07 SUVs. Given that many dealers are looking to get rid of 07s with the 08s either there or on their way there are deals to be had. That said, how much UNDER invoice might I expect to get for taking these 07s of their hands?

    Scott
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi ifiv111e. I think that there is a very good chance that you will qualify for the $1,000 lease loyalty cash that DaimlerChrysler is currently providing on the Jeep Commander even though you currently have a balloon note through Chrysler Financial.

    Dealer invoice minus all of the available cash incentives is a great target price to shoot for, though you may end up having to come up a couple hundred dollars from there.

    Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jeep Commander Limited 2WD with 12,000 miles per year are .00203 and 47%, respectively. The numbers for an otherwise identical lease of an '07 Commander Overland 2WD are .00203 and 42%.

    Car_man
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  • dwwsdwws Posts: 15
    Hi Car Man:

    I am interested in possibly leasing a 2007 Jeep Commander Limited or Overland. I am located in NJ and I have located 2 trucks that meet my criteria. One is an Overland with an MSRP of $46,215. The other is a Limited with an MSRP of $44,630. I want a 2007 in order to take advantage of the $4500 incentive and the $2000 lease loyalty incentive (I lease a Wrangler Unlimited). What do you think I ought to shoot for as a reasonable selling price, before applying the incentives? Can I possibly get these trucks for below invoice (again, before factoring in the $6500 incentives)? I would prefer to put no money down, but I really want to keep my monthly payment as absolutely low as possible. I will, without a doubt, be trading the truck in at the end of the lease, possibly for a new Commander if I have a good experience with it. Any help you can provide would be most appreciated. Once I have a target selling price to shoot for, I will see what these dealers can do for me on a lease and then, if you don't mind, I'd like to run the numbers by you (I have 3 little kids and I cannot afford to lose any money because I get snookered by some fast-talking salesperson!)

    Thanks a lot,

    David in NJ
  • dwwsdwws Posts: 15
    Hi again:

    Here's a little update & a question: the Commander Limited, whose MSRP is $44,630 (straight off the window sticker) has an Invoice Price of $40,786 according to Edmunds.com. The dealer is telling me that the Invoice Price is $41,787 and that Edmunds is wrong. This strikes me as unlikely because the Base MSRP for the truck is the same from both the Window Sticker and Edmunds and the MSRP with options is the same on both the Window Sticker and Edmunds.com. I suspect I'm being fibbed to and I want to know if there is any way to prove it. This particular Commander Limited is apparently the owner's demo with 5,000 miles on it. The selling price is $$38,987 before any incentices. With the $6500 worth of rebates that I qualify for, the selling price is $32,487. I am being quoted the following lease deal:

    Cap Cost W/incentives: $32,487
    Term: 27 Months
    Mileage: 12,000
    Residual: 50% (2% deducted due to it being a Demo; Chrysler policy?)
    Money Factor: .00139
    Due at Signing: $1,000 (1st month,doc. fee, title fee, part of bank fee)
    Monthly Payment: $526.75

    I could be totally off the mark, but that sounds rather high to me and I cannot figure out why. Someone, anyone, please help me. Is anyone there? ***ANYONE***?!?!??

    Buhler......?

    Buhle...........?

    David in NJ
  • would you buy it??
  • I leased a 2007 Commander approx. 2 months ago and would highly recommend that anyone considering buying or leasing one of these vehicles to resonsider. They have a major shut down / stalling safety issue that is being discussed in another Edmunds forum. This is why Jeep is practically giving them away. I am aware of this problem because it happened to me and it was a big surprise and somewhat disturbing. And Jeep is not owning up to this problem because if they did, sales would come to a screaching halt.
  • Hi David. If I was in the market for a leftover 2007 Jeep Commander, I personally would shoot for a selling price of around dealer invoice (the real invoice price that is listed here at Edmunds.com, not one that the dealer makes up) before the deduction of any available cash incentives. Normally I would have said $500 or so over invoice, but Chrysler is running a volume based dealer cash program for its dealers that should make dealer invoice doable. So, you're looking at a capitalized cost of around $6,500 under invoice after then $4,500 lease cash and $2,000 lease loyalty cash are taken into account.

    Car_man
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  • dwwsdwws Posts: 15
    Hi CarMan:

    Thanks for the info. I have a slightly different scenario now. I am going to get out of my 2007 Jepp Wrangler Unlimited Lease, which is almost brand new. My payments are $349 per month. I am "upside down" on this lease, but the car is just to small for my family & me. I have been talking to a dealer and here is what I've got so far:

    2008 Jeep Commander Limited

    MSRP: $42,855
    Invoice: $39,900 (Edmunds.com says invoice should be $39,001)
    Selling Price: $42,204
    Incentives: $1,500 from Chrysler
    Holdback: $1,000 applied by dealer toward purchase/lease
    MYGIG Discount: $792 credit toward purchase for free MYGIG
    Down Payment: $1,000
    Residual: 48% ($20,570.40)
    Money Factor: .000840 (2%)
    Wrangler Cost: $3,221.22 (added to selling price to get out of lease)
    Term: 39 months
    Miles-per-Year: 10,000

    Now, here is my question:

    My Lease Calculator is telling me that I ought to be paying $579.10/ per month. The dealer is quoting me $619/per month He is telling me that I am not taking into account things like a $700 bank fee and various "Inception Costs" like taxes, etc. i feel as if I might be getting ripped-off, but I cannot tell.

    PLEASE HELP! I have put down $1,000 (fully refundable) and i am supposed to go back on Monday, October 15th to discuss these "discrepancies". Any advice or counsel before then would be greatly appreciated!

    Thanks,

    David in NJ
  • My wife and I are planning on getting a 2008 Jeep Commander or Grand Cherokee when our current GC lease is up. In the Grand Cherokee forums someone posted that the current GC numbers are as follows.

    36 months....12,000 miles = 46% at a money factor of .00002

    39 months....12,000 miles = 45% at a money factor of .00028

    My question is, Are these numbers the same for a Commander Limited (or Overland)? And if not can someone provide me with the current Commander offers? Thanks of any help you can provide.
  • You're welcome, David. Getting out of a lease well before its scheduled end date is usually not a very good idea, but if you and your family just cannot deal with having a smaller truck for the next couple of years then I guess that's what has to be done. As far as the Commander lease that you are interested in goes, I personally think that the selling price that the dealer is trying to charge you is too high. If you are in an area that has a decent level of competition, I would not be surprised if you were able to get one for $500 over dealer invoice (the one that is available here at Edmunds.com, not the inflated one that the dealer showed you).

    Car_man
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  • Welcome steeler86. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Commander Limited 4WD with 12,000 miles per year are .00068 and 47%, respectively. The numbers for an otherwise identical 39 month lease are .00120 and 46%.

    Chrysler Financial's current 36 month, 12,000 mile numbers for the '08 Commander Overland 4WD are .00008 and 44%. The numbers for an otherwise identical 39 month lease of this truck are .00064 and 43%.

    When negotiating your lease on this truck, make sure to take the $3,000 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost. Chrysler is providing an additional $500 to $1,000 bonus cash on top of this lease cash in certain regions.

    Car_man
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  • bldyibldyi Posts: 1
    Id like like to lease a Jeep Commander and would it be plausable to find one for $300-$350 a month. Starting Msrp for 2008 is 28,110. but I dont mind getting an '06. it should be less expensive? how is the best way to approach getting what i want if i had to negotiate?
  • junajuna Posts: 14
    We're looking for an '08 or '07 Commander 4x4 with remote keyless entry, roof racks, and possibly remote start, 5-passenger. Don't really care about any other specific features. 12k miles/year. 24-39 month lease period (whatever gives us the best deal). Zero down (except what we have to put down -- tax, title, license, 1st month's pmt, etc.).

    One of our grandmothers worked for Chrysler, so we can get some sort of a discount that way (not sure how much of a discount it is). With current rebates, it looks like there's a $3500 rebate plus $1500 bonus lease cash. We're in Detroit. We don't qualify for returning lessee discount.

    What's the best I can do in terms of monthly payment? I understand the concept of residual value, but can someone explain the buy rate lease factor?

    Basically, I want to be able to walk into the dealer and say, "If you can lease me a Commander 4x4 for $XXX, consider it done." If not, I'll walk out the door. I just am trying to figure out, based on all the info I listed above, what the $XXX should be.

    Thanks for any help in advance! I truly appreciate your time and assistance. I've never owned a Chrysler and am new to this whole line of vehicles, but the rebates seem so good right now that we're giving them a hard look.
  • Does anyone know the current residual percentage and money factor for 2008 Commander Sport?
  • Hi bldyi. You should be able to lease a Jeep Commander for the $300 to $350 per month that you are shooting for, but to hit that payment range you would probably have to go with a base model like a Commander Sport. If you want to lease you definitely should go with a 2008 model. Chrysler is not providing lease support on the 2007 or 2006 Commander any more. I would be happy to estimate what the lease payment should be like on the truck that you are interested in if you provide me with its MSRP and selling price.

    Car_man
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  • Hi juna. I would be happy to work up a lease payment on the truck that you are interested in for you. Its exact payment will depend upon what its MSRP and selling price are. You never mentioned them so I will have to make some assumptions for now. I will assume that you are interested in a 2008 Jeep Commander Sport 4WD that has an MSRP of $30,805 and a dealer invoice price of $28,351. For now I will assume that you are able to lease this truck at dealer invoice minus the $3,500 lease cash and $1,500 bonus cash ($23,351). According to my calculations, your 36 month, 12,000 mile per year, zero down, pre-tax monthly payment for this truck would be around $280, which is a heck of a good deal.

    Car_man
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  • Greetings mrj0001tj. This truck's lease program varies by term allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Commander Sport 4WD with 15,000 miles per year are .00152 and 48%, respectively. When negotiating your lease on this truck, make sure to take the $3,500 lease cash that Chrysler is providing on it into account. Chrysler is providing additional bonus cash on this model in select regions.

    Car_man
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