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2013 and earlier Jeep Grand Cherokee Lease Questions

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Comments

  • webiconswebicons Posts: 3
    Thanks for the reply.

    Disappointed. The salesman said that they were "at invoice" blah, blah, blah...

    Do you live in the tri-state area? I would love to speak to the dealership that you got your deal from.

    Much appreciated.
  • its2loudits2loud Posts: 8
    Webicons,

    How did you get this deal? The lowest I can find in my area for 2012 Laredo X is 488 36yr term 12k mileage. No money down.
  • its2loudits2loud Posts: 8
    Capitalized Cost: 29,563.00 Cap Reduction: 1,509.75
    Bank Fee: 795.00 Doc Fee: 45.00
    Total Cap: 30,358.00 Tax: 132.10
    Cap Reduction 1,509.75 License Fees: 280.00
    Net Cap 28,848.25 Gov. Fees: 8.75
    Residual 51% 15,766.65 Advance Payments: 407.44
    Total Depreciation 13,081.60 Total Drive Off: 2,383.04
    Less Rebate: 1,500.00
    Depreciation: 363.38 Cash Due on Delivery 883.04
    Rent: 11.28
    Subtotal: 374.66 Interest Rate: 0.600
    Tax: 32.78 Term: 36 mos.
    Monthly Payment: 407.44

    This is for a 2012 26e with the Security and Conv. Group and Laredo E Group 36month term, 12K miles.
  • bgcharbgchar Posts: 1
    edited March 2012
    Car_man

    Can you tell me the residual% and MF for a 2012 Jeep Grand Cherokee (4x4) Limited and also for the Laredo X. I was quoted at 49% and 47% respectively but an earlier poster in this thread said he got a 51% residual on a Laredo.

    Also, any incentives I should be aware of?

    Thanks in advance.
  • bgchar,

    I cannot answer the questions you have about leasing but as for incentives you can check the website, www.Jeep.com and enter your zip code to find out what incentives are being offered nationally and within your area.

    Hope this helps.

    Lisa
    Customer Care
    Chrysler Group LLC
  • webiconswebicons Posts: 3
    Hello its2loud,

    It was pretty strait forward. The standard back and forth. It looks like you can get a better deal but out of the three dealerships in my area it seems to be from 480 - 518 for this configuration at 15,000 miles.
  • its2loudits2loud Posts: 8
    Thanks for the response. I've been bouncing from dealer to dealer trying to get a straight forward offer from any of them and it's not happening. So frustrating. Does anyone know if the $1000 Jeep incentive is given back to the dealer from the manufacturer? If this is the case then there's no way I would ever agree to a purchase price above "invoice".
  • dman123dman123 Posts: 6
    lot of different mf and residuals posted here. anyone know the march mf and residual for a laredo x (4x2) 15k miles? thanks in advance
  • bassmiesternjbassmiesternj Posts: 24
    edited March 2012
    its2loud:

    What was the MSRP of that Jeep ?

    $31,072.00 ?
  • its2loudits2loud Posts: 8
    $30,915 MSRP in 90046 zip
  • kefalonian1kefalonian1 Posts: 1
    edited March 2012
    2012 JEEP GRAND CHEROKEE LAREDO 4X4Base Price: $ 28,995
    Customer Preferred Package 24X $5300
    5.7-Liter V8 VVT Engine with Fuel Saver $1695
    Laredo E group $2000
    Power Single-Pane Sunroof $ 850
    Media Center 430N SAT/CD/DVD/MP3 $395
    DESTINATION CHARGE $ 825
    TOTAL PRICE:* $ MRSP 40,060

    Quote dealer gave me was
    $7500 down payment (using trade in car)
    300 per month for 36 months

    Is this good deal? To me seems like high down payment. I tried to start off talking about coming up with an agreed purchase price of car and then figure out the rest but dealer just talked about down payment and monthly payment numbers only.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi webicons. The lease rate that you were quoted looks good. The truck that you are interested in has a spread of around $2,200 between its full MSRP and its dealer invoice price. There's a $1,500 cash incentive available on it on top of that, giving you a total of around $3,700 to play with in your negotiations. From the looks of it, you're probably at around $1,000 over invoice. If you're in an area that has a decent level of competition, I would not be surprised if you were able to do better than that, but it's not like this is a horrendous deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I certainly can bgchar. Ally's March buy rate lease money factor and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are 0.55% and 47%, respectively.

    The numbers for an otherwise identical lease of a 2012 Grand Cherokee Laredo X 4WD are 0.4% and 50%.

    When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that Jeep is currently providing on leases of these trucks.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go dman123. Ally's March base lease rate and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee Laredo X 2WD with 15,000 miles per year are 0.6% and 49%.

    Jeep is currently providing a $1,500 cash incentive on leases of this truck.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,
    I'm a first time lease guy, don't know much about leases. Could you please help run the numbers form me so I can have an educated idea of what to look for when i visit the dealer.

    MSRP $31,900.00
    Lease term 36 months
    up front money $2500.00 plus TTR
    do not know what my buy out is..... can you figure that out?

    Again any help you can give to a newbie would be great. Thank you... Jerry
  • Car_man,

    In your opinion, how would a FICO score of 670 affect getting a lease for a 2012 JGC ?

    I'm assumming it is easier to get approved for a lease vs a bank loan for a new or used car.

    Your thoughts ?
  • simikesimike Posts: 1
    Hey All,

    Been looking at the Grand Laredo X package with nav dual sunroof and leather,

    I got a quote today in NJ for

    2500 due at sign covering fees etc,
    12k 36 months at 350 + tax per mon
    residual is 52 mf is 0001

    Thoughts? I think its ok
    Also any input on if the ride control selector is worthwhile, i plan on occasionally running on the beach with it.
  • rad484rad484 Posts: 17
    I think that's a good deal and about the same as the one I secured in November. One consideration to make. The MF being .0001 essentially means you're at 0% interest. You're better off rolling the 2500 into the payments. Yes the payments will be higher but there's no reason to hand them 2500 upfront. You'd probably be looking at around 420+tax instead.
  • teddyboyteddyboy Posts: 1
    edited April 2012
    2012 Jeep GC Laredo 4x4 Base: $28,995
    Customer Preferred package 26x: $5,300
    Laredo E Group: $2,000
    Panoramic SR: $1,195
    Nav: $395
    Dest charge: $925

    MSRP: $38,810

    Lease Deal offered:
    $429/ month
    36 months
    20K residual value
    12K miles/year
    $2800 due at signing (includes tax, title, etc)

    Any feedback would be appreciated! Making the move this weekend.
  • pm22pm22 Posts: 2
    You noted that th3 $2800 includes tax, title, etc. If you don't mind my asking, where are you located and what is the tax. I ask because I think that is a decent deal, but where I am (Illinois) the the lease includes taxes on the full negotiated price of the vehicle.
This discussion has been closed.