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Chrysler Jeep

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Chrysler Jeep
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News reports this summer have revealed that automotive leasing of new cars, trucks, vans, and SUVs is really taking a beating. Chrysler has left the leasing business completely, while Ford, GM, and Toyota have scaled back on leases. Blame higher than normal depreciation on larger vehicles for this trend, one that threatens to remove an important financing option for consumers.

But leasing could still be the best decision you ever made.

Despite the vagaries of the automotive financing market, leases are still being pushed. If you really want to lease a Chrysler, Jeep, or Dodge vehicle you can, but you'll have to make that leasing arrangement with your own leasing company.

Why would anyone want to lease a car these days? For the following reasons:

You're not stuck with a car you no longer want - These days, most new vehicles are financed for 60, even 72 months, leaving drivers with a fairly old car once it has been paid off. That shiny new 2009 model won't look so nice in 2015; will you hold onto it to 2020 and beyond?

You avoid a major depreciation headache - People who bought a new truck or SUV a year or two ago are finding that they are worth a lot less today. Normal depreciation can whack one-third of the vehicle's value within one year's time, but some larger vehicles are worth less than half of what buyers paid for them just a year ago. With a lease, the auto manufacturer absorbs unexpected depreciation, not you.

Major maintenance and repairs aren't your problem - Own a vehicle for longer than three years or 50,000 miles and you'll start to dish out big bucks for maintenance and repairs. Tires, brakes, water pumps, and other components can go, adding to your cost of ownership. Switch vehicles every three years and you'll be doing minor maintenance only.

You can trade up to new technology - Reiterating the first point, you don't want to be stuck with a car you no longer want. Even more compelling of an argument for leasing is that much of the new technology being planned today will be standard in a few years time. Fuel thrifty engines able to produce more horsepower while consuming less gas will be dominating the market as will various hybrid models, select diesel engines, and tiny three and four cylinder engines.

Of course, if you do choose to lease you'll make payments on a car that you'll never own. Also, if you drive more than 12,000 or in some cases 15,000 miles per year, then leasing won't be a viable option for you - in that case you'll pay a hefty per mile charge for every mile above the lease agreement. The risk here is that you could be saddled with a hefty bill at the end of the lease term.

Ultimately, leasing is a personal decision one that should be weighed against other options. Paying cash for a new vehicle is the best way to go, allowing you to negotiate the lowest possible price while snagging a big rebate. In reality, few of us can afford an all cash transaction, but that option is also available.

Copyright 2008-2012 -- Matthew C. Keegan is the owner of a successful writing and marketing business based in North Carolina, USA. He manages several websites and is a contributing writer for Andy's Auto Sport, a retailer of quality Ford Focus body kits and Ford Focus carbon fiber hoods.

Chrysler Bidders Visits Dealers One-by-one

Private equity groups bidding for Chrysler producer of quality Jeep windshield wiper arm are now checking in with retailers to inquire about the vehicle lineup of the future US auto market. They want to gain insight into the automaker and the marketplace.

Bidders have also contacted publicly traded dealership chains such as Lithia Motors Inc., Group 1 Automotive Inc., and AutoNation Inc., that is according to The Detroit News. Some privately owned dealers were also contacted by the bidders to gain further info on the company they are bidding for.

It should be noted the private equity team that are bidding to buy Chrysler include the team of Blackstone Group and Centerbridge Partners, Cerberus Capital Management and the Canadian supplier Magna International Inc. DaimlerChrysler executive Ridiger Grude is meeting with those parties in New York this week. Kirk Kerkorian’s Tracinda Investment Company has submitted a $4.5 billion bid for Chrysler but since it was the last one to bid it has not yet been given attention by executives from DaimlerChrysler.

Chief Operating Officer Mike Maroone said that the Fort Lauderdale, Fla.-based AutoNation, the nation’s largest dealer chain with 30 Chrysler locations had a “series of conversations with a couple of big private equity groups” that are interested in Chrysler. He also added, "They were interested in our point of view on a number of issues -- products, the dealer network, the health of the industry. We talked about broad issues, not behind-the-scenes stuff -- our view of the market." Maroone also said that the AutoNation believes that the industry needs to take a more customer focused approach to building and selling cars and adopt a more rational pricing approach.

The Blackstone/Centerbridge team has spoken with Houston-based Group 1 Automotive’s CEO Earl Hesterburg recently according to people familiar with the discussions. Group 1 spokesman Pete DeLongchamps said that he was unaware of any meetings.

Lithia CEO DeBoer said that he is not the least surprise to know that potential buyers were contacting dealers. He also added, "We have no idea as a dealer what a manufacturing company should do or who should own it or how they should go about it. But we do know what sells and what has a lot of potential." DeBoer said that despite the problem within DaimlerChrysler he still believes that Chrysler will be better off with Daimler. He said, "They have tremendous synergy in many of the products. I just don't believe it's the right thing for the German company or Chrysler."

DeBoer further stated that if in case Chrysler is sold he would like to see the former Chrysler chief operating officer Wolfgang Bernhard to take on a key role. He said, "He's got tremendous energy and has a great grasp of what it would take to make Chrysler even better." Looks like DeBoer will have his wish granted since right now the former Chrysler operating officer is part of the Cerberus team that is contending for Chrysler. Lithia has more than 35 Chrysler, Jeep, and Dodge retail outlets.

And lastly as long as DaimlerChrysler has not yet chosen the new owner of its Chrysler arm the future of the American-based automaker will remain uncertain leading to more customers doubting the brand.

About the Author

Lisa Ziegler is a 29-year old native of Waldport, Oregon and is currently working as a senior research analyst in a top Automotive Research Consultancy firm.

What year did Chrysler start making the Jeep?

Its for a report for school, due by Tuesday; Thanks.

The 1st Jeep was produced in 1941 by Willys...which became Kaiser-Jeep in 1963. American Motors (AMC) purchased Kaiser-Jeep operations in 1970. The French automaker Renault began investing in AMC in 1979......Chrysler bought out AMC in 1987.

Read the link below for more info.

Chrysler Offering Zero-Percent Financing in May
Chrysler looks to drum up some May business with attractive finance deals on 2010 models like the Town & Country. | May 04, 2010 | Chrysler LLC AUBURN HILLS, Michigan — Chrysler has announced it will run a zero-percent financing program during the month of May on Chrysler and Jeep products.

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