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2013 and earlier Jeep Grand Cherokee Lease Questions
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With the total miles you need, it would be wiser to simply to buy the GC. In my area, Chrysler is offering $7500 in rebates on the limited or $2000 in rebates with % financing for 72 months. With the dealer discount included, you should be able to purchase this vehicle for under $35000 with the % financing., which will bring your payments under the lease payments.
You can look up the exact invoice price of the truck that you are interested in over in the New Vehicle Pricing section of Edmunds.com.
In most regions, Chrysler is providing $4,500 customer cash on the '08 Grand Cherokee right now. So shoot for invoice minus the cash as a cap cost for your lease and see what happens.
As the previous poster suggested, a better option than leasing through an independent bank would probably be to finance this truck through Chrysler Financial at 0% for 6 years and take advantage of $2,000 bonus cash.
Car_man
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2008 JGC Laredo 4X4 with the E package 31,330.00 - affiliates pricing and discounts brings price to 19,995.00.
39 month lease
10,000 miles a year
2200.00 down this includes tax and tags
payments of 275.00 a month.
Seem like a good deal?
FYI, if you get this vehicle and it is stolen and never recovered, the insurance company WILL NOT reimburse you for the $2200. Likewise if you are broad sided driving out of the dealer lot and the car is totalled you will not be compensated for your down payment. This is why most people don't put money down on leases.
Here are the numbers:
Orig. MSRP: 37,880
Adjusted msrp:35,000
Cash/Rebate: 12,250 (lease)
Inception Fees: (2,408) they subtracted this from the cash rebate) to come with a...
Excess rebate: 9,841.17 (looks like tax to me)
Also; Supposedly a dealer cost of $35,379
Selling Price of 31,741
Down payment: 9,197.36 (apparently this is calced by subtracting 643.81 from the excess rebate)
Total Cap cost : 23,331.60
Residual value - 9,800
39 month lease @ $426
Does this make any sense?
Thanks
price-$41000. $1650 in fees. i'm willing to put another $1500 cash down so like $3150 due at signing. i will not get truck if they need more than this. the residual on 36 month lease with 12000 miles is 36% or $15,840. interest rate about 7-8%. what will payments be? i figured on a few lease calculators which seemed accurate and i get anywhere from $489 to $530 a month. my limit is $500 but i would prob take if i could get for $525. talked to a few idiot dealers and they were talking crazy prices. if we are in a recession, which we currently are, and chrysler is in deep trouble, begging for $4 billion as we speak, they should want to move anything. i'm not getting sucked into paying 600-800/mo just because its an SRT8. what do u guys think? i know chrysler doesn't lease. it would be through another bank. u would think right NOW is perfect time to try to get a deal on this truck....
My 07 GC limited lease is up on May 12th. My residual was the same (22275) and I was immediately offered 2k off w/o any negotiations. And then I was told as it nears expiration, they will offer even more of a discount to get you to buy it.
Question for Car Man:
Dealer said they now do leases out of "US Bank" (the fed?), whatever that means. But do you know what the money rate / residual they would offer for an 09 GC limited with:
27 / 36 months
10.5k / 12k miles
They've always been big into car leasing...
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They were offering discounts on lease end purchases, but they stopped. I spoke with someone there several times, and I was told "well, we stopped offering the discounts but since you already spoke to us about it, we will honor the original discount"
So, if you logged in to your Chrysler Financial account and actually looked at your lease end options, if the discount was ever there, you could probably get them to honor it. I don't know how they could prove whether or not you actually looked at this page, but if you call and tell them that you thought you saw a discount on the site, and why isn't it there any more, maybe they will go "ask a supervisor" and see if they can re-instate the discount for you.
In my case, I did not request anything. The girl I was talking to on the phone somehow knew that I already knew, so maybe they either track where you click online, or there were notes on my account from when I had called in previously to ask about the discount?
Good luck.
After looking online for used prices, checking Galves and Manheim / Adessa auction reports, I think I can get the car $14,000 - $14,500 in November with no problem.
The 2011 has been introduced which hopefully crushed the resale the 07, and in August the 2010 is released.
I also hope the auction lots are FULL of these things further driving the prices down where they belong. I am only paying $353 per month on a $40,000 sticker vehicle for 27 months. ($2,000 down) The rates were dirt cheap and the residuals were sky high when I leased. I just it 11,000 miles and the car is in top shape. Its worth $10,000 to $14,000 to me all day for what I need. Any higher, Ill go get another make of car.
Could you provide the money rate and residual on a 09 GC w/ 24H package for 10k miles?
Thanks in advance
Whats the residual and MF that the finance company is offering you?
Car_man
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Car_man
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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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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!
Car_man
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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.
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
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
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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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
Car_man
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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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Thanks Car Man!
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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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?
I would appreciate anyone's help...
Any info about August MF & RV to lease 2011 JGC OVERLAND 36/12K?
Is $1,500 Loyalty Bonus Cash still active? Thank you in advance.
36 Month Lease/12K miles per year
$1K out of pocket...$555 per month including NY State Tax of 8.875% and tags
If Sale Price is around Invoice = $35,300,
if $1,000 is your Down , MF (as APR ) is 1.64%
and RV=48%, if bank (acquisition) fee = $700,
I think your monthly (OTD) =$555 (I got $554.94!)
is about right. Enjoy your Laredo!!
The controls were different...but i could get used to them. Acceleration was good but the lag was very disappointing. The steering wheel felt nice but the car handled like a barge with a large turning radius. The overall ride I would put in the troop carrier category. Whatever happened to those big cushy seats in the Limiteds? the current seats are very thin and ,subsequently, hard and made for an uncomfortable ride. I like the bigger space but the fold down seats seem to leave a gap behind the fromt seats. Guess I expected more for $44.000.
I was offered a small repeat customer discount (4%) on deal and no incentives are available...36/12 lease was around 620 before tax. I don't offroad so I am now shopping the X5 and new Cadillac SUV now....or keep the ol 2000 !