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2013 and earlier Jeep Grand Cherokee Lease Questions

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  • That is a good deal. Question, did the $2,100 out of pocket include title, tags, processing, etc...

    I'm in the same boat, I want a Limited with 20" wheels but can't find a good enough deal.

    Please let me know if you find anything good out there.
  • the_qthe_q Posts: 4
    Yes, NYS TTL were included, I forget the exact out of pocket since I tossed the paperwork, but I think it was closer to $2200. I only remember because he was comparing his deal to my previous ML350 lease and he was a little bit under my OOP on that which was $2206.

    I have not been able to find any good deals on Limited. The bank just won't give the same MF, RV. I've tried negotiating the price down to almost $36k and no bank will give numbers anywhere near good enough for me to pull the trigger. So now I'm thinking of getting a used MDX or waiting a year for them to start pushing the Limited. Either that or my bonus is good enough to convince me to finance a Limited.
  • I'm in the exact same boat. The MF/RV aren't good on the Limited only the laredos since those need to be sold at the dealership. I think the new Jeep incentives for lease (i.e. US Bank cash back) come out Feb 29. So I may wait until then. The Limiteds are selling well so it may be awhile before a good lease deal happens. Let me know if you find anything good.
  • mook12mook12 Posts: 60
    Bro look around for a limited with a couple miles on it, you ll get a good deal. Mine was on the showroom yea a lot of people sat in it but it doesn't bother me I'm only renting it. The new memory seats are a lot better than the old ones. You can set the level of hot or cold air, heated seats, mirrors, rear defrost, ac
  • Here is some information as a guide to future buyers. Any feedback would also be appreciated

    2011 JGC X Package 26x - no sunrook
    3 year lease 12k a year
    32k base value
    37K MSRP

    $2k down out of pockets includes title, registration, etc
    $449 a month

    Thoughts?
  • Hey Everyone! Im in central jersey and went to the jeep dealer this afternoon. i drove the jeep and loved it im looking at the jeep cherokee with the 26X package, moonroof, and navigation, 12,000 miles, 36 month lease, with no cap cost reduction (i will put down the necessary fees/1st month payment). i was so disappointed in this dealer and the manager was beyond rude he kept telling me i would b in the upper 500's and was trying to sell me a jeep they had in stock with cloth interior and no sunroof... i'm going to look elsewhere... does anyone have an estimate on what lease price i should be around? thanks
  • thank u i will try sansone bc i did not like the jeep dealer on rt 9 i went to
  • karchkarch Posts: 42
    Car_Man,

    Do you have the residual value and money factors for March on the 2011 Laredo, 36 month, 36K mile lease?

    Also, if you have the same factors for a likewise Limited, it would be appreciated.

    Thank you.
  • valenkavvalenkav Posts: 18
    Hi Car_Man,
    Same question as #680 but about Overland. Lse 36/12 and 10K.
    Any information about incentievs? Any differencies between banks
    US bank and Ally? I am in Michigan. Val.
  • dmjf19dmjf19 Posts: 6
    edited March 2011
    I just got left a dealership in NJ and was offered the following deal... any thoughts you can provide would be great.

    Laredo X Demo - Sticker price $38,210... (has Nav, Blackberry Paint, Tow hitch) also has 6000 miles on it.

    $1800 down $469/mth... this payment included NJ state Tax and all doc & MV fees etc. 12K miles / year

    I still thought it was a bit high... so I walked... It seems that people are getting them for less... Comments?
  • njleasernjleaser Posts: 1
    Sounds pretty good. I was shopping the V6 Laredo X and the Limited V6 this weekend. The Laredo X was quoted with money factor of 0.00016 and residual of 52% for 3yr/36K. With 500 over invoice on the X, NJ tax and no money down, the lease will come to about $505. If you paid the tax up front and and the truck has 6K miles, 470 seems pretty good. The Limited is crazy, they are not budging on the money factor of 0.0014 an residual of 45%. I dealt with a great sales person, very straight. He said Jeep is intent on marketing the Limited with the other premium SUV's. The Overland is an awesome truck, if I only had the coin. I didn't feel the Limited was THAT much better than the Laredo X, at least not worth the extra $200 month which is what they are basically asking (and getting according to my guy).
  • I think it was a bit high as well. I got $1700 down (Total including VA taxes, etc..) Laredo 26X package, Tow package, all weather package for $480 month and it was a brand new car.

    Does anyone know if there are any issues adding 20" Limited wheels to a Laredo? They're not offered as an option on the Laredo but that is the only reason I want the Limited so I may add them on aftermarket.
  • joejeepjoejeep Posts: 12
    I was interested in the Limited for the 20" rims. There are a few limited configurations with just the and 20" rims which added approx. 900 - $1,000 onto the base price of Ltd. However, they were not offering any incentives at all on the Ltd leasing. I ended up with the 26X and negotiated the 20" rims as part of the lease package. (long process...) The dealer started out stating it would be $2,500 at cost. I checked with a number of different dealers trying to get them to include the rims and none were willing. We eventually worked it out as I was walking away without them.

    The 20" rims ride a bit trucky on the 26X but look really nice.

    My deal was done in Mass.
  • My lease is up in a few weeks on my 2008 Grand Cherokee. The incentives are horrible right now for a 2011 Grand Cherokee and gas prices are on the rise. I was just wondering if anyone thinks I should wait for better incentives down the road. I have another older Jeep so I don’t need to rush into another new one. Is Jeep as well as the other car companies going to have a melt downs again with gas prices sky rocketing resulting in big incentives??
  • I would wait for better incentives. I need a car quickly so this might not be possible but there are no good incentives on the JGC Limited. There are decent ones for the Laredo such as the $1k cash back US Bank Lease. There are plenty of Laredos but Limiteds are the ones selling.
  • keek1keek1 Posts: 2
    i am on long island, looked at grand cherokee laredo with 26x, leather, sunroof and navigation. i am turning in a wrangler off lease so i get loyalty. the price i have on the table is 1000 out of pocket - $464/month - 36 months with 12k miles per year.
  • mook12mook12 Posts: 60
    hey guys, my lease was initially through ally but the finance manager calls me and tells me that ally rejected the offer cause my jeep was a demo with about 4400 miles on it so now i was mad as hell i had this vehicle since jan 29 and i was about to make my second payment but there was no account setup so i couldnt. So i had to redo the contract with us bank and it worked out a lot better cause they reduced the negotiated selling price even more than previous and now the buyout is $19703 from $22765 because ally charges that fee of $2500 and us bank does not. also i didnt have to make a feb or march payment cause they screwed up and didnt call me right away to tell me about ally rejection so my second payment of $509 is due in april and i must say that as incompetent as this dealership is they did do the right thing in the end. If you guys really want a limited get a demo they will negotiate the selling price with you, to a point where even though the mf and residual are bad the payment will still be low
  • toyoman8toyoman8 Posts: 71
    My dad got screwed. He leased a truck in February 2011

    He leased a GCL, MSRP $34,496 x 36mos (smart lease they call it w/ GMAC)

    Residual $17,500

    He traded his 2005 GCL for $12000 (he owed $5200 to the bank) so basically he put down $6800 CASH + first payment of $339

    Payments $339 x 35mos.

    Payout $20,000 (different from residual value) dealers said that the bank sets up payoff.

    Aquis. fee $895
    Tax $900

    yeah he is screwed. Then they called him to comeback and resign the lease, to $308 a mos, with $21,000 payoff.

    WTF is that!!
  • toyoman8toyoman8 Posts: 71
    did the dealer offered you US bank?
  • soup152soup152 Posts: 5
    Where in MA did you do the deal? What were the final numbers? I'm in MA and was debating between the Laredo X and Ltd.
  • joejeepjoejeep Posts: 12
    Soup,

    The deal was done in Jan. at Lawless in Woburn MA. They were great to work with as I went to a number of different dealers. MSRP 37,750 not including 20" rims, 3/45 lease w/ $2500 down, $405/mo. includes ma tax. I traded my 2008 JGC which was end of lease.

    Good Luck.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi karch. Chrysler's March base lease rate and residual value for a 36 month lease of a 2011 Jeep Grand Cherokee Laredo 4WD through Ally with 12,000 miles per year are 0.38% and 47%, respectively.

    The numbers for an otherwise identical lease of an '11 Jeep Grand Cherokee Limited 4WD are 2.82% and 46%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • karchkarch Posts: 42
    Thank you very much, sir.

    Getting close to April now, I wonder what the new rates will be.

    I just tried to put a deposit down on another vehicle, only to find out it was sold 20 minutes ago.
  • a2_m3a2_m3 Posts: 1
    edited April 2011
    Hey Car_Man,

    Great forum. Saved me thousands on my '11 BMW X5. Now I'm looking for a JGC Laredo X for my wife.

    Can you please provide money factor and residual for 36 mth 12K and 36 mth 15K. (both ally and U.S. bank)

    Also, we qualify for Chrysler employee pricing, but is there anything else I should be going after?? Other than employee pricing, I'm being told there are no extra rebates/dealer cash, etc.

    Thanks!!
  • Hi im new to leasing and when to a dealership ...

    there offer was for a 2011 Jeep Grand Cherokee Laredo 4x4 with a sunroof was

    first they wanted 4k down with 480 a month for 36 months 12k miles a year .. i was like no way .. after some taking i got a offer for 5k down 390 a month for same 36/ 12k a year .. is this a good deal or should i shop around .. also this is in NJ ( if that matters ) ?

    thanks for any responses
  • karchkarch Posts: 42
    Run away. Unless you have bad credit, they are trying to take you to the cleaners, IMO.

    I won't put any money down, nor use a trade-in with any equity, on a lease. First payment, T&L, and maybe origination fee, that's it.

    Again, this is my opinion only, but you asked for opinions.
  • i actually got a 740 credit score .. so i thinks thats pretty good .. i only owned one used car after highschool .. then when i graduated college i was always give a work vehicle .. this is my first time leasing a vehicle and i didnt have any paperwork with me so i told them i would come back sometime this week
    what would you consider a fair deal for this truck ? .. here i am thinking its a good deal lol
  • karchkarch Posts: 42
    I would research, maybe truecar.com, then use a lease calculator or something like that.

    Good luck.
  • hotstick12hotstick12 Posts: 5
    edited April 2011
    Hey guys i have a deal on the table in Suffolk county long island NY for a Jeep grand cher X package w/ moonroof and nav on 36 month lease ,(msrp is 38,234.57 ) im paying (36,585).White exterior and black interior. They are taking back 4 payments of my current lease of 300.51 mo and rolling into the new lease.I also received $1000 rebate for coming out of a non Chrysler/dodge/jeep lease.They gave me a deal of $2022.07 down(includes tax/1st month payment) with 470 a month 12 k miles a year ! What do you guys think of this deal??Thanks in advance for any input !!Oh lease is thru Ally Bank.
  • All,
    I have the following lease deal on the table, and I would appreciate folks' feedback.

    GC Ltd. V6, 4WD
    - 20in wheels
    - Trailer hitch

    36 month, 15K miles/year
    $648/month (includes tax)
    $0 down

    Sales Price - $700 below invoice
    Residual Value = 45%
    MF = 0.00046

    As an aside, can one negotiate inclusion of complementary maintenance for the 36 months?
This discussion has been closed.