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2013 and earlier Jeep Grand Cherokee Lease Questions

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  • ledeenledeen Posts: 1
    I owned a 2001 Jeep Grand Cherokee Limited for about 6 years, and it was my best car...... loved it . It was so solid and stayed that way through to when I sold it at 125K Miles.

    The gas mileage wasn't great. About 17 -20 average. Also service prices were very very high. However that wasn't until I hot about 70K miles..

    After trying a supposedly less expensive car (VW Passat) turns out it cost me just as much as a new Laredo would cost me on a lease, and there is a world of difference. I loved my Jeep! Great great automobile.
  • amznamzn Posts: 6
    edited July 2012
    hi Car_man,

    I leased a 2012 Grand Cherokee Laredo Altitude 4x4 5.7L from Lithia about 10 days ago. The price is great: MSRP ~$42K. The price before TTL is ~$36K which is used to calculate the down payment and monthly payments.

    However, there's a serious problem that I identified after I drove it a couple days. The RPM would go up to 4k+ while the car was not gaining much speed (40-50 miles per hour), each time after I drove the car for 30-60 minutes. The only thing I did was turning on the air conditioning, before or while I was accelerating on the ramp to get onto the highway - then there's noticeable increase with the RPM to 4K+ while other parameters remained about the same. Typically the RPM stays in 1K to 2K range. The typically toggling "ECO" indicator disappeared. It seemed that the 8 cylinder mode is running. There must be something wrong with the transmission, or some sensors.

    I have a couple of questions:
    1) the lease is with the Ally bank. Should Ally, Chrysler, or the Lithia dealer be taking care of the problem?
    2) This is a brand new Jeep. When I leased it, the mileage is less than 50. Is this considered a lemon car such that the lease should be invalidated?
    3) I called the dealer. they were hesitating that I use the 24-hour assistance/towing service. they said they will have the service department to pick up the Jeep tomorrow. Do you think I should actually insist on using the Jeep 24-towing service, and/or tow the car to a different dealer (5 miles away) so that they can independently check the Jeep?

    thanks for your help.
  • mikeyp53mikeyp53 Posts: 55
    Real life experience with GC Laredo 4X4 with 4.7 liter engine is 14 city and 21 highway on a good day. I love the car and it tows nicely but its thirsty versus other cars but it will tow 6500 lbs. Try that with your Honda Accord!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi amzn. Both Chrysler and Ally are going to tell you to take your vehicle back to the dealership to get it checked out. If there is a transmission problem, perhaps it is a known issue that the dealer can fix relatively easily. Let's hope. If you are uncomfortable driving it to the dealer, you probably can have them tow it in.

    You won't be able to have your truck declared a lemon until this probably persists for quite some time with several unsuccessful attempts by the dealer to repair it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_Man,

    Can you please post residuals and money factors for a 2012 Jeep Cherokee Altitude 4X2 and 4X4 for 39 months 15k/yr. Is there a residual change for a V8 or V6 as well. The availability of these cars are light so I have to be pretty open.

    Also do you know of the lease incentives or rebates.

    Thanks for all your help Car_Man you are a life saver!
  • amznamzn Posts: 6
    edited August 2012
    Thanks very much Car_man for your note. I had the dealer looked at the car, and they couldn't replicate the problem. I picked up the car this afternoon and drove it for 3 hours and didn't see the issue that I had several days ago. I'll just assume that the problem is gone. Plus I can always manually shift up the gear levels if the problem happens again. Before the Jeep, I had a two-year lease of a Ford Fusion, which at one time locked itself and couldn't move on the highway. I took it to the dealer but they never figured out what happened. The problem never happened again. I'll just assume that this Jeep issue is a one-off thing. Other than that, I like the Jeep very much and have been enjoying driving it.
  • mook12mook12 Posts: 60
    Hi guys, I need some feedback on whether it is a good price to buy at the end of the lease. I leased a 11 grand Cherokee limited with just about everything. Msrp was $44500 $1700 out of pocket includes all costs, tax, ect and my monthly is $509 36 months 12000miles yearly, so the buyout is $19700 after the lease the negotiated price was around $34000 minus the lease payments equaling the buyout price. Would anybody buy it for that price of $19700. Thanks
  • kafrankkafrank Posts: 1
    Hi danimal77, I am shopping for a GC Laredo with the E package in Ohio and I think that dealer's lease prices are very good . Could you please let me know which dealer you were working with? Many thanks!
  • karrphkarrph Posts: 2
    i've never leased a car before so I'm looking for some guidance here. i came across several lease agencies offering a 2012 jeep laredo for about 350 for 36 mo including all fees/taxes and nothing down. i'm responsible for my 1st months payment. does this sound like a good deal? has anyone had any experience with lease agencies before? how are they able to offer a better deal than the dealers?
  • rscogsrscogs Posts: 4
    Just an FYI. I wasn't as knowledgable as I am now but I noticed that Ally is sort of hiding an expense and I'd like everyone to know. This happened to me with the 2011 JGC. To sum it up with whole numbers to make it understandable. My JGCLX was 36000. The residual ( How much worth afar 39 months ) is 19000. Between the adjusted cost and taxes and interest you can figure out the payment. The issue here is that they lower the residual to around 54%. You pay 17 out of 36k and they claim the vehicle is only worth 19k after 39 months which is low so you do more principle paying than you should. Then after that, on the bottom of the agreement is that at the end of the lease, the purchase price is 21,500k. That's not the price of the residual. If you buy it you will pay 2500 more than what it's worth and what you should owe. Who will do that? So YOU pay 2500 extra than what is probably the REAL residual. The bank sells it to the dealership for more than 1900. They make money, then the dealership sells it. Total scam. If you want my JGCLX for the next 27 months. 409 per mnth. Take it from me not them. NYC. I wonder if the dealership pays taxes on the purchase from the bank? I bet not!
  • autoalautoal Posts: 5
    Car_man,

    Could you please provide me with the MF and residual on a 2012 GC Overland V8? My understanding is that Jeep uses several financing instructions. Thanks for your help.

    Brooklyn guy.
  • autoalautoal Posts: 5
    Sorry Car_Man,

    Please let me clarify: I'm looking for the MF and residual on a 2012 JGC Overland V8 on 39 Month Lease (sweet spot I'm told) with 12K in the New York area.

    Thanks for all your help.

    Brooklyn man.
  • FINALLY, i wrote about this in May 2011, I walked out of the finance department because of this exact situation, wrote about it here, and no one even blinked an eye. If you lease any Dodge, Jeep, or Chrysler product through Ally you get ripped, don't lease from these crooks. Here's why lets say you lease a Jeep and the Residual is $17,000 (Which is what your buy out should be also), you drive the miles allowed, keep it in good shape, at the end of the lease hey i could sell this for $18,500 (which you can do), oh but if I want to buy it I have to pay $19,500 WHAT, had over 20 leases in the last 30 years, never ever seen anything like this total rip off. Seriously people wake the F--- up
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited August 2012
    Here you go Brooklyn guy. Ally's August base lease rate and residual value for a 39-month lease of a 2012 Jeep Grand Cherokee Overland V8 with 12,000 miles per year are 0.6% and 44%, respectively.

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

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 1st - Why does every car dealer try to screw people on leases!?!? You sure can just walk out but I'm getting to the point where I have to lease 1 or 2 states away! I've been blatantly lied to more times in the last 2 days of car shopping regarding leasing than I can count.

    2nd - Any chance anyone can tell me what the tier 1 MF and residual is for a '12 Jeep GC Limited 4x4?

    I've spent time putting together a lease breakdown to take back to that last dealer in the morning and tell them this is it or no deal. The lease sheets this particular dealer sends you out with don't list all the lease details and so I ran the numbers and they're of course hiding thousands of dollars somewhere. Frustrating!
  • Hi Car_man,

    Can you please post the base lease rate and residual for the following?

    2013 Grand Cherokee Limited 4X2 - 36 months/15K a year

    2013 Grand Cherokee Limited 4X2 - 36 months/12K a year

    We're looking in San Diego, CA.

    Thanks so much,

    Brett
  • Hi Brett,
    While I don't know the base rate MF nor RV for lease terms in question, I leased our GC Ltd 4x4 from Bob Baker in Carlsbad. I worked with their internet sales team, and I would suggest contacting the gentleman with the initials NR or his boss. They were transparent on MF and RV which were identical to the rates that CarMan provided. It was seamless transaction as everything was done over email and phone, and I simply picked up the truck.

    Cheers!
  • Hi lakesidedreams. Ally's September base lease rate and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are 0.57% and 45%, respectively.

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

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Here's the information that you're looking for, normies. Ally's September base lease rate and residual value for a 36-month lease of a 2013 Jeep Grand Cherokee Limited 2WD with 15,000 miles per year are 3.55% and 48%.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • paradiddle7paradiddle7 Posts: 15
    edited September 2012
    Car_man, what would be the residual and MF on a 2012 Grand Cherokee Limited for a 10k and 12k lease? My Audi Q5 lease is over on December 15th; do you think that the lease cash incentive will continue to go up as time goes on? I believe I saw there were well over 120 of the 2012 Limited vehicles available in my area that matched my specifications.

    Are the numbers and incentive the same for the Overland and Laredo trim models?

    I'm assuming that leasing a 2012 is a better deal as the interest looks negligible and there's $1500 incentive, but if the 2013 has a much higher residual it might not be that much of a difference. If the cash incentive goes up over time, then the 2012 gets more attractive to me as December rolls around.

    Thanks much for your expertise and time!
This discussion has been closed.