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2013 and earlier Jeep Grand Cherokee Lease Questions
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MSRP: $34,195 (28E package)
Dealer Selling Price: $32,675.81
Residual Value: $16,071.65 (47%)
Annual Miles: 10,500
Money Factor: .00062
Total Rebates: $5,000
Cash Down: $3,000
Adj. Cap Cost after all fees, sales tax, title, first payment, etc.: $27,435.
Monthly PMT: $340 (36 months)
My adj. cap cost includes NYS & local sales tax @ 8.75% or over $2,800. The sales tax alone amounts to almost $80/month. Ouch!, I felt better before I figured that out.
be careful on the $4K incentive... in some regions, it's only $3500 if you lease... (check out the website).
- K
Thanks
I am in the process of negotiating for a 2008 GC Overland for 10K, 36 month lease. Do you have the money factor and residual for April?
Thank you
MSRP - 32250
cap - 25945
residual - 14835
money factor - .00030
NJ tax - 7%
i only want to pay the first month out of pocket.
Car_man
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Car_man
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Car_man
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I am negotiating a lease on a JGC Limited with a MSRP of $40,280.
The deal is as follows:
$0 down
Taxes rolled in
12k per year
they are paying my last 2 payments on my current vehicle which equals $980.
Lease Payment is $469 per month
Does this seem to good to be true? I am also allowing them to take my current GMC lease and turn it in. Is there anything I need to watch out for?
Thanks.
Some people have told me it's a dollar amount under invoice.. some people said it's 3% under invoice... some 6% under invoice...
Is the reason I've heard differeng stories is because it changes with time? Changes depending on make//model?
The last person I believed said it was 6% below invoice across the board for any chrysler product....
What is right?
Thanks!
4.7L
HID Headlamps
My Gig Navi.
18" Chrome Wheels
M.S.R.P. $41, 680.00
36months/15,000 miles a year
$499.00 a month/ $0 down, Sign and Drive (includes NJ 7% sales tax and various fees)
Thought I made a pretty good deal. Hope this helps.
BTW, had a '06 limited, the '08 has a much better interior and the HID lights are a must have! Beautiful car for the money!
I was shopping today and was offered '08 Overland 4WD with VES for $569 month, 0 down and pull ahead of 2 payments ($1100 total). Would like to know if this is good deal.
You got an amazing deal I think. I am trying to get a base model Overland with no additional options and I cant get any dealers out of the mid 500s on a sign and drive lease. From what I have been told, the money factor right now is .00127 and the residual on 10,500 is 45% 12,000 44%. Does anyone have any information to confirm these numbers? How much should I be paying on a sign and drive lease on a base model overland that has MSRP of $39,835 and an invoice price of $36,358? Any help would be greatly appreciated.
Car_man
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Car_man
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Car_man
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thanks,
Meredith
Unfortunately, the only way to get out without taking a credit hit (by not paying and having it reposessed) is to find someone to take over the lease.
Your best bet is to post it on a web site like swapalease and offer an incentive (cover transfer fee, offer some cash down to reduce the monthly payment, etc.)
Note that in many states you will still be liable for the condition of the car at return - be sure to review your lease terms and ensure you can pass it off to someone else without maintaining liability.
MSRP $38,850
dealer discount down to $35,100
less $4000 in rebates $31,100
less$1000 cash down =
$475 Good Deal???
incl NYS 8.25%
Many thanx.
My 05 JGC Rocky Mountain lease is up at the beginning of August. Would you please provide me with the current Money Factors and Residuals for a Jeep Grand Cherokee Laredo V6 with the X Package, and a Jeep Grand Cherokee Limited V8 Hemi for a 36 Month Lease for 12000 and 15000 Miles. The lease incentives for the Jeeps in New Jersey are $6250 and $7250, respectively. At the End of June, I was quoted a V6 Laredo with the X package, MSRP: $35105, Selling Price: $32,928. The MF was .00043 and the Residual for 36 Month Lease for 12000 miles was 44%. $5250 in incentives, $3000 down, $359 per month with Tax, Title, fees included. This quote seemed way too high, and I decided to hold out since no one is buying. I'd like to know what the deals will be like this month. Thanks !
The numbers for otherwise identical leases of an '08 Grand Cherokee Limited Diesel 4WD are .00012 / 52% and .00066 / 43%.
Car_man
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Anyone have any insight on what they are up to? Something is wrong when I can lease a MB 320CDI for less than a GC Limited?
Car_man
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Car_man
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In NJ:
MSRP $41,860.00
Selling Price $40,323.04
Rebates: $8250.00 total ($6,500 lease cash, $1,000 bonus cash, and $750.00 in lease loyalty)
MF: .00043
Residual: 44%
36 Months/12,000 miles per year.
Tax Title and License included in payment
($1600.00 Sales Tax, $290 Reg Fees, $7.50Tire Fees, [$700 acquisition fee, $160.50 Supplemental Title Fee (Read Dealer Profit)]
$3379 Down, (includes 1st month), Monthly Payments $379. (I prefer lower payments)
Total Payments: $16,665.00
When I did the calculations, the bottom line payments I got were around $341 with tax included but not other inception fees. I was shooting for $355.00, but looking to just close the deal we finished it up. I know I could have done better, (probably could have knocked another $20 bucks off the $379 monthly payment by getting a selling price closer to invoice, but at this point, I'm just glad to be done after spending the last month at dealerships. The Jeep is loaded, and I am satisfied with the terms and love with the HEMI. The total out of pocket from my 05 Jeep GC was $15,700 which was valued at around 33k. For $1,000 more in payments, I'm into a loaded $42k automobile.
Hopefully, this info will help someone get a better deal by Aug 1st. Some other finance companies will almost surely offer leases in Chrysler Financial's place, but I doubt they will be this generous with the incentives. Good luck to all!
The Dealer did hit me with the HARDEST SELL I have ever had for their Maintenance Package even going so far as saying No One could Service the vehicle Correctly. The Hemi required special additives and reduced mileage service. They even prefaced this by saying ALL Lease programs will end August 1, 2008 ( I guess that was to insure I would not back out after the Hard Sell) They said the Warranty would end up being VOIDED if the service was not done by their Department and with their special fluids.
Maintenance they were giving consisted of usual Oil and Filter plus other Fluid changes as well as Tire Rotation and a Zillion Checks at a cost of 1k plus.
I turned the Package down but it was a fight, I almost canceled the whole deal but since there are many other Dealers close by service is not a problem.
What do other Forum members Think of the Deal and the Dealer Hard sell?
Barrier
As for the service contract, that sounds like a load of cowpies that the warranty is voided if you don't do the service with them. The required maintenance for your vehicle is listed in the owners manual and you can get your Jeep serviced wherever you want. They are looking to make a buck by tacking on a premium on the CSC service contract. Go to the Jeep website and then the 'For Owners' Page, you will see a link to Service Contracts. Give them a call about a maintenance package, as you can buy that direct from Chrysler. Ask CSC how much the price is for scheduled maintenance for the term of your lease, I think they offer 3000, 3500, and 5000 service intervals. I'd love to know what the difference is between the two. One thing though, if you purchase the contract, you are required to have it serviced at one specific dealer (usually the one where you purchased it, but you can get the contract with whichever Jeep dealer you like).
Even with the 3000 mile service schedule, you will need at most 10 oil changes, and a set of spark plugs at 30k miles, maybe some new wipers, and tire rotations. $1,000.00 is waaay to much for all that. Then they will charge you obscene amounts for things like fog lamp bulbs and brake pads which aren't covered under the scheduled maintenance. I got charged $60 by the dealer for a fog lamp bulb (I couldn't find the bulb at any store), then wised up and bought the other bulb on the internet: Autozone for $10. I'm a DIY type when it comes to oil changes, but had a maintenance contract for my last Jeep for the convenience and plan to do the same with my HEMI as well. I think they are well worth it if you have a busy schedule, but I'd make sure to buy direct from Chrysler.
Car_man
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My local GM dealer is saying the same thing to financing. Not sure if they are trying to convince me or convince themselves. You just need to run the numbers. Maybe financing at 0% for 72-84 months you may get close to the same payment as leasing.
Without the lease subsidy these car deals are a joke. When sales plummet in august and they can't move the year-end models Chrysler will crater and offer leasing. Just wait them out... If you can wait a couple months it will be time well spent. It is laughable...but after all they are car dealers. A$$clowns at a picnic.
36 month lease, 20K miles per year (I need the miles)
$568/month with $908 down.
Total payment will be: $21,356
First time leaser, let me know if this is any good please.
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thanks