Leasing Information Ripoff - Jeep Commander Forums: Jeep Commander Forum
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post #1 of 6 (permalink) Old 01-04-2009, 08:08 PM Thread Starter
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Leasing Information Ripoff

We leased a 2006 Commander on 12/11/06 with 5,572 miles on it and our payments were $322.00 a month with a 27,000 lease add 27k + 5,572 and you get 32,572 to turn it in on 03/11/08. About 11/05/08 we get a phone call from the dealership and said that we could trade the 06 commander in on another newer car if we wanted to and the payoff would be $18,000, I said no I wasn't interested.

On or about 12/23/08 I get a call from them and this time they said the payoff would be $14,996.34 and Chrysler would forgo the Jan, Feb, March and I wouldn't have to pay the last 3 months. I said I would think about it.

This sounded kinda weird and I call another dealership where we got our 01 PT Crusier and talked to the salesman that sold us the Crusier. He said that s
the $14,996.34 sounded too high and should be lower and I asked him if we had to turn the commander back into the dealership that we leased it from, and he said no, we could turn the commander into any dealership in the USA.

I didn't know that!!! Anyway he said on 01/15/09 that ithe intrest rate was dropping to 4.5% and that he could upgrade us to a 2007 Commander like ours with 20,000 miles on it if we didn't want to keep the 2006 Commander. and that the payment would a little lower than what were paying now.

I said fine out what you can and we will take it from their. Hope this info helps someone out. It just piss's me off that they will rip you off anyway they can.
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post #2 of 6 (permalink) Old 01-04-2009, 10:30 PM
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That's just the tip of the iceberg buddy. There are honest people in the business, but there have been tv shows investigating the corruption undercover. Take my brother for instance. He just bought a 2008 loaded new Chrysler Aspen for 27k. Sticker was 45K. He went only 20 miles down the road to another dealer to get that deal after one dealer told him the lowest Chrysler would absolutely go is 35K.
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post #3 of 6 (permalink) Old 01-04-2009, 11:51 PM
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Join Date: Dec 2008
Location: Orillia, Ontario, Canada
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I checked out the leasing and various financing option is great detail before buying my XK ... I choose up with my local Crerdit Union as the best option ... I ended up with a great deal on financing! ... and am very satisfied with it
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post #4 of 6 (permalink) Old 01-05-2009, 09:07 PM
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I never look at leasing, but my reason is I expect to keep my vehicle till I am sick of it. Leasing is a great way for people who like to trade out cars like some of us trade out shoes or stars trade spouses.

If you upgrade every 3 years then a lease may be your solution and best bet whereas if you plan to hold on to the vehicle till the environazi's pry it from your cold dead hands leasing is a bad deal.

Just make sure you understand your mileage limits and the balloon payment. I know people who lease then sell the vehicle in hopes of pocketing the profit from the balloon payment.

As for how the dealer handled you. That's horrid and thank you for sharing the information.
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post #5 of 6 (permalink) Old 01-06-2009, 02:02 AM
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Join Date: Jul 2007
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Leasing options

1st off. Dealerships purchased and pay for all vehicles in there possession.
Even if they (find) a vehicle for you, its paid off to that dealer which they get it from.

I have heard that (i was told), chrysler is not leasing anymore. but there website, theirs....says and lists leases...? interesting aint it.

Secondly, ANY dealership can , can! take back a lease. the dealer you lease from..is REQUIRED to take back your lease! the difference is can, and must. Any can take it back, the leasing dealer MUST take it back.


maybe a little pissed on your side confused me. In 2006 you got the lease..how many months was it for? what was the buyout listed at the lease termination?
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post #6 of 6 (permalink) Old 01-06-2009, 02:13 AM
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Join Date: Jul 2007
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2008 0% financing

I have seen on jeeps website. year end closing rates of 0% for 72 months.
at your payment 322.00 its like 23,000.

if you paid 700 per month (what im paying) cause i got capitol one loan at 7.79 (up the butt) its 50,000. 10,000 is like financing charge. the remaining 40,000 was for about 6,000 lost on trade in (2006 dodge charger). meaning i paid about 34,000 for my truck. The payoff is now about 22,000 and the listed trade is is about 12,000. So if I traded in i would be adding 10,000 to the price of a new car.

so if I got a new jeep for 34,000 and added the 10,000 lost on the trade thats 44,000 which divided at 72 months, is like 611.00

so i could get a brand new jeep, and save about 90.00 a month...but
I would be paying insurance on a new vehicle (1)
and , i would have about 36 more payments to pay it off(2)
since i am about half way thru the origional loan, id rather not spend 36 monthst of payments (611 x 36) is 22,000 (extra).

when if i pay it off, i can get a year end lease of a same new car for say the same price, 34,000 and pay 472.00 at a 0% rate.

Ill just ride it out. Plus once i own the car i can always ebay it and probabley get about 3000 for it, making a nice about to put down and then my payments might be around 400.00 a month.
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