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Jeep Wrangler Lease Questions

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  • mander30mander30 Posts: 2
    Can someone tell me what the mf and residual are on a 2 door Sahara and Rubicon on a 24/15k lease also a 27/15k. Also, according to the jeep website they have $2,000 in lease cash.....anyone confirm this? Thanks in advance.
  • Hey Hondamattnj,

    When you leased your Jeep online, did you go through Jeep.com or another website? I have been interested in leasing a Jeep, however like you said, the local deals have been way less than desirable. I was also told that there were not any rebates on the Wrangler, nor were there any coming out anytime soon. Where did you see that they were offering a $1,000.00 rebate? Did your 4WD Sahara Limited have the Navigation and Dual Top options included?

    Thanks for your time!

    ~Lea
  • I've decided to just wait for a 2009 Wrangler instead of the 2008.

    There is a $1000 rebate in certain markets (mainly west coast) on the Unlimited and $500 on the coupe. Carmax in LA is selling Wranglers for basically Invoice minus rebate minus holdblack plus a couple hundred bucks.
  • ddelayoddelayo Posts: 1
    What dealership did u get that deal at? City and state also please Thx Dave
  • rlowrie1rlowrie1 Posts: 5
    Any ideas on the July resid/MF for 36 mo/12K mile Sahara 4WD unlimited? Dealer is pushing to get 1 more out the door for June but not sure I am getting any sort of deal. Dealer did not give breakdown yet but quoted about $475 for Sahara Unlimited with Soft Top, MyGig, Automatic, Tow Group. Seems high.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mander30. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Jeep Wrangler Sahara 2-Door 4WD with 15,000 miles per year are .00281 and 70%, respectively. Jeep was providing $2,000 lease cash on this truck in its Southeast region in June, but I am not sure if this offer was extended into July.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello rlowrie1. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Wrangler Sahara Unlimited 4WD with 12,000 miles per year are .00292 and 65%, respectively.

    Car_man
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  • weswazweswaz Posts: 8
    I was shopping a lease over what may be the last weekend chrysler financial offers leases. Here's what I was quoted for a 2008 Sahara Unlimited 2x4, automatic, duo tops, trailer package, MyGIG and Navi:

    MSRP: 30715
    Base Cap: 28395
    Acquisition: 700
    Total: 29095

    DMV and Tire Fee: 268
    Cap Reduction: 236 (Jeep's offering a $1000 lease cash promotion right now, not sure why my cap reduciton is only 236).
    Adjusted Cap Cost: 28858

    Months: 36
    Miles: 20,500
    Money Factor: .00292
    Residual: 64% = 19657

    Payment: 398 + tax 30, $428.

    Base Cap seems good, but the $700 acquisition on top of a high 7.01% interest rate seems excessive. Where did my $1000 lease cash go? Will chrysler financial eat it up, or is the dealer trying to pocket it? Without lease cash, this would be a $465+ a month lease vehicle... with a 64% residual. Please confirm that something stinks!
  • walrusjkwalrusjk Posts: 3
    I've read some previous posts and notice that there were some awesome and horrible lease rates for the unlimited. My dealer in So Fla offered me the following lease rate for 39 mos:

    2008 Unlimited X (4x2), Hardtop, Power pkg, auto
    MSRP: $26,200
    Price: $25,500
    Miles: 10,500/yr
    Out of pocket $3000 TOTAL
    monthly pmt= $323/mo (tax included)

    The sharks down here are tougher to spear so i like to hear some feedback if this is a deal.

    Thanks!
  • weswazweswaz Posts: 8
    RE: my post above, it's 10,500 miles a year, not 20,500.

    As for lease rates, chrysler financial is not offering leases anymore effective 8/1/08. Based on what I've been quoted, they've already priced themselves out of the leasing market.

    Your deal with $3000 out of pocket, essentially equates to $399 a month with $0 out of pocket. I received a better quote today for the vehicle I described in a post above, $376 + tax=$405.
  • walrusjkwalrusjk Posts: 3
    Thanks on the update. $405 is with $0 out of pocket? What city/state are you shopping in? If that's the case, I think I should be able to get the low $300s with $0 out of pocket for that car. I just think the people in the Miami market make it tough to deal for these cars!
  • weswazweswaz Posts: 8
    I am in Southern California. Jeep is running a $1000 lease cash incentive out here right now.

    Use leasguide.com to help "ballpark" what your payment should be.
  • smitrosmitro Posts: 2
    I was looking at a Unlimited Sahara and the salesmen informed me that Chrysler was going to discontinue leases for Wranglers starting in August. Is he just trying to get a sale out of me or is there some truth to this?
  • walrusjkwalrusjk Posts: 3
    How much was your total out-of-pocket?!?
  • smitrosmitro Posts: 2
    Here is what I have been offerred, want to get people's thoughts.

    Jeep 2008 4x4 Sahara Unlimited
    No MyGig/nav. system

    Can't remember the cap or recovery % due to myriad of options that were shown to me.
    $1,000 inception fee
    Additional $1,000 down
    Includes $1,000 lease cash rebate
    36 mo. lease

    $430/mo. including sales tax. This deal doesn't seem exceptional but my feeling is that it is ok. Your thoughts?
  • kyfdxkyfdx Posts: 27,991
    Chrysler is dropping leasing, altogether... It's all over the news...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yep, Chrysler no longer offers leases on new vehicles. Finance payments are almost always much higher than lease payments. I have a feeling that the lack of leasing is going to be a big problem for Chrysler. Traditionally, it has had the highest lease penetration rate of the "Big 3" manufacturers. We certainly are living in interesting times.

    Car_man
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  • If they are dropping leases altogether why does the Jeep Wrangler website as of 1 minute aga say they have $2500 in lease cash available on the 2008 Wranglers???? What is the deal??? Are they leasing Wranglers?
  • Hi djhalptert. Do you have a link to the page that mentioned the lease cash. Chrysler is definitely no longer offering leases through Chrysler Financial.

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  • http://www.jeep.com/dma/616/index.html?zip=68516&family=wrangler#family=wrangler- - &zip=68516

    Maybe this is what djhalptert was referring to. I saw that the other day also. I assumed it was maybe just a leftover tab from the website and was mistakenly not updated.
  • Thanks chuck68516. I believe that Chrysler is referring to a lease through an independent bank. It no longer offers leases, even standard ones, through Chrysler Financial, but it is providing special incremental cash incentives for leases through outside banks.

    Car_man
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  • I'm looking at the '10 Wrangler 2-door Sahara models. Anyone have insight on what the money factor & residual is? Thanks for your help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi scott60625. I believe that the only Wrangler model that Jeep is providing lease support on right now is just the base Sport 2 Door (an extremely attractive 0.15%). If you want to lease any other variant of this truck, you will have to use GMAC (that's who Chrysler runs its leases through now, weird huh?) standard lease rates, which aren't great. Its standard rates vary by region and credit score, but you're probably looking at 5.5% to 6% at best.

    GMAC's current residual value for a 36 month lease of a 2010 Wrangler Sahara 2 Door with 15,000 miles per year is 48%.

    Car_man
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  • krwest1krwest1 Posts: 66
    edited April 2010
    Car_man,

    What is the money factor for the Islander version of the Wrangler Sport? Is it 0.15% also? What is the 36 month/12k mile residual for the Sport with and without Islander package? Also, what is the acquisition fee for GMAC?

    Thanks,

    Kevin
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Kevin. Chrysler is currently only providing lease support, the 0.15% lease rate, on the Sport 2 Door version of the Wrangler. I suspect that the addition of the Islander package does not have an impact upon this truck's residual.

    I believe that GMAC charges an acquisition fee of $795 on every vehicle that it leases.

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  • krwest1krwest1 Posts: 66
    edited May 2010
    Thanks Car_man. I went ahead and leased a Wrangler Sport w/ S Package at the end of last month. The total interest over the life of the 36 month lease is $82. The acquisition fee was $795, which is higher than it used to be, but it is what it is.

    The one thing that I found odd is that the lease-end purchase price on the contract is $14,691.20, which is $2500 higher than the residual of $12,191.20. The finance manager said that this is something that GMAC is doing now on their Jeep leases. Have you heard of this before? I have always turned in my leases, so this isn't too concerning for me, but I am still curious.
  • solo1969solo1969 Posts: 1
    krwest1, if is not to much to ask, how did you pay at time of signing in order to have a monthly lease of $82......
  • krwest1krwest1 Posts: 66
    I didn't say that the monthly payment is $82. I said that the total interest over the life of the lease is $82.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, krwest1. It's funny that you mention the fact that your vehicle's purchase option price is $2,500 higher than its residual value. We were just discussing this issue internally a week or two ago. It really is an unusual policy, but it does indeed seem to be real.

    I can see the benefit of doing so from the manufacturer's perspective...they would rather have a lessee purchase or lease something new than buy out their old vehicle and continue to drive it for a number of years. Still, I would think that this policy would upset quite a few lessees. Interesting.

    Car_man
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  • joshmu89joshmu89 Posts: 1
    My lease is coming due 10/11/10. I have an '07 Silver Wrangler X with the hard top and larger tires, etc. It currently has around 32,500 miles with my lease allowance at 34,150. So I will be over a 1,000 or 2,000 by turn in time. My question is whether I should buy it at $15,150 plus $150 fee (I've seen similar models listing for upwards of 20k). Or turn it in for $450 plus excess mileage ($200-300 extra). I love the Jeep but ready to part ways because of fuel efficiency and the fact that my job requires me to drive to client's houses and I am looking at sedans now. A few notes, I was in an accident, and the front axle was replaced (drives great but may be on carfax report). Just trying to make a sound financial decision here. Any suggestions??
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