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Jeep Commander Prices Paid and Buying Experience
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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.
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)
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.
So for those of you wanting to go through this process all I can say is good luck!!
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.
In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but again you don't have anything to lose by asking.
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 11:07 pm.
If your vehicle's purchase price is less than or similar to its current value on the open market then you may want to consider buying it. If not, walk away.
Car_man
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