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2013 and earlier Jeep Grand Cherokee Lease Questions

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  • Anyone know what this months MF and Residual are?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi donnyjeffcoat. Chrysler's financial problems caused it to pull the plug on its special lease programs a while ago. If you really wanted to lease a Grand Cherokee you might be able to do so through an independent bank, but chances are the lease program would be pretty bad.

    If you're set on leasing, you probably should go with a different SUV. If your heart is set on the Grand Cherokee, you probably should take advantage of the cash incentives that are currently available on it and finance it through an independent bank. To be honest with you though, for me personally Chrysler would have to make this truck much, much cheaper than its competitors to convince me to buy one from a bankrupt company. Even if Chrysler eventually emerges just fine from this thing, to me it's not worth the potential hassle to get one unless it's A LOT cheaper than something else.

    Car_man
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  • Nobody gives a s#%t about this truck!
  • I just bought an '09 Grand Cherokee and I'm very happy with the deal.
  • Carman-

    Lease is coming due at the end of the month on my Jeep Grand Cherokee Ltd. My buyout ($20.5k) looks like is maybe $2-4k lower than what the used cars in this range are selling for at local dealers.

    My question is, is it possible to shop the car to some other local area jeep dealers (other than who I purchased the car from) to see if they want to take it off my hands, rather than just hand over the keys in the normal lease end process. This way, I may be able to avoid the turn-in fees and any damage, while the dealer would get the car at a price where they can make some money? Or does Chrysler Financial not allow this?? I am not looking to make any money off the turn-in, just avoid the $400 turn in fee and any damage they try and nickel and dime me on.

    Thanks in advance!
  • Hi airoops. It wouldn't hurt to see if any other Chrysler dealers would be willing to give you more for your Grand Cherokee as a trade than it would cost you to purchase it at lease-end. Chances are nothing will come of it, consumers are usually better off just walking away from their leased vehicle at the end of their term, but you never know.

    Car_man
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  • Hi Car_man,

    I am in New York and my 2007 Jeep Grand Cherokee lease runs out at the end of November. I was considering leasing another Jeep Grand Cherokee and have a credit score of 800. I will also be getting a CDI number from a family member who works for Chrysler.
    My question is given all the new incentives and rebates that were just announced for the Northeast, my owner loyalty and CDI number approximately how much savings might I be looking at at leasing a new Jeep Grand Cherokee.

    Thank you for your help.
  • $30,500 for a 2010 Jeep Grand Cherokee Laredo X V6 with Leather and Navigation

    Didn't haggle too much so I'm sure I left plenty of money on the table but still just wanted to post the price I got when I turned in my 2007 GC Lease
  • My lease is up 10/2010 and I'd like to try to avoid the $425 turn in fee. I know buying or leasing another Chrysler product will cause the waiver of that fee but does anyone know what the timeline limitations are to do that (i.e. can I buy now and have it waived when it's turn-in time, or buy a few months after the turn in date)?
  • j13ntvj13ntv Posts: 7
    Hello Car_man,

    Do you have the residual and money factor for current jeep grand cherokee? I see they are running near 7k in rebates for the northeast in regards to leases. 15k 36 m 2010 Limited hemi 4wd and 2010 Laredo 4wd

    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi j13ntv. Chrysler is scheduled to introduce new incentives for March some time later on today. If you post a reminder for me in a day or two I will gladly fill you in on what I have been able to find out about its new program.

    For now I can tell you that Chrysler was not providing any lease support on the 2010 Jeep Grand Cherokee in February. That means that if you were to lease one through GMAC, you would have to use its standard lease program. GMAC's standard lease rate for Chrysler leases was 5.46% in February. Its 36 month, 15,000 mile per year residual value for the 2010 Grand Cherokee Limited 4WD was an atrocious 34%. The resid for an otherwise identical lease of a Grand Cherokee Laredo 4WD was an even worse 30%.

    Car_man
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  • bf740bf740 Posts: 3
    Have a Jeep lease coming up in a few months. Anyone know if Chrysler Financial still offers PLPP (Preferred Lessee Purchase Price) buyouts for leases that are due to be turned in?
  • Car-man...any updates on Jeep GCL rates and residuals? I went into a dealership today and I get the sense there are still similar to the February numbers you posted, which is not good news...
  • vincap28vincap28 Posts: 4
    Car Man,

    I have a 2007 GC Overland that is due to be turned in this July. I really enjoy thsi vehicle and am considering purchasing it at lease end. Do you have any feedback on what I can expect deal wise? The residual is around $21,000, do you think they will give me a better price rather than take it back? Do you know what rates they have if I want to finance the purchase with them?

    Vincap28
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey leewolf99. The feeling that you got when you visited the dealership was correct. If you really want to lease, the Grand Cherokee is not the vehicle for you.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi vincap28. It's difficult to say whether Chrysler Financial will be willing to work with you on your vehicle's purchase price. This situation is even more difficult to red than normal because Chrysler Financial essentially no longer exists. Chrysler leases are now run through GMAC.

    The only way to find out for certain whether they will be willing to negotiate your car' purchase option price is to give them a call directly and see what happens.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Do you have any leasing information on the brand new Grand Cherokee? Specifically looking at 12k/36. Money Factor and Residuals.

    Thanks Car Man!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi schneller78. Unfortunately, Chrysler is not currently providing any lease support on the 2010 Jeep Grand Cherokee. As a result, it's not a very attractive SUV to lease right now. If you're set on leasing, you probably would be better off going with a different truck.

    If you really want to get a Grand Cherokee, I personally think that you'd be better off financing it using Chrysler's current special rates of 0% for 5 years or 1.9% for 6 years.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • rave65rave65 Posts: 1
    Were you really talking about the 2010 Jeep Grand Cherokee in your posting earlier today when you said: "Unfortunately, Chrysler is not currently providing any lease support on the 2010 Jeep Grand Cherokee." Or did you mean the 2011 model, which I think the question referred to? I am also considering the 2011 model, but the dealer told me that Chrysler has not released the lease figures yet. Do you have any info on that?
  • aces_fullaces_full Posts: 16
    Has anyone heard of possible rebates or incentives on the 2011 Grand Cherokee? A dealer gave me the residual and money factor numbers below for 36mo/12k lease for the Lardeo:
    Money factor (as APR) - 1.64%
    Residual - 48%

    When I calculated the lease payment above (with MA 6.25% tax), it came out to roughly $450/mo for the base laredo with no options, and that was at invoice.

    Has anyone purchased or leased one yet?
This discussion has been closed.