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2013 and earlier Jeep Grand Cherokee Lease Questions
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The dealer also noted that there was $1000 loyalty rebate as well as $1000 Conquest rebate. The latter was offered to individuals who currently owned an SUV, manufactured by a competitor. It was not necessary to trade in said SUV.
39 months
10k miles per year
$3500 total due at signing.
$359 a month all in (including tax, etc.)
They told me I am only getting such a good deal because they want to move the car and it has 3k miles already on it. Is this a deal that I should jump on? The color is the dark blue which I like but is not my favorite. Willing to live with it though if I am getting a great deal on it.
Can anyone offer some advice on whether I should do the deal?
MSRP was $38425, payments are $476, DMV around $440, doc fees (around $55), etc.
3yr/36K miles.
It's a Laredo X, nav, tow, 5.7L, and sunroof.
39months
12k/yr
$3500 out of pocket plus DMV fees
$430/ month
Is this a good deal?
If I don't get the x pkg then it's about $100 less a month.
Should I ask for a better deal or ask for nav and sunroof for a bit more?
If I were to answer honestly, I would say probably not, but then again, if it's over $40K msrp, then perhaps it is a good deal.
Also, how much is the tax for your area, and how is your credit?
You really should try to do the math before committing to the lease, and make sure you are comfortable with the terms, as well as the agreed upon price.
You can use what myself and others have posted here, or Edmunds, TrueCar, and other websites to gauge the market price of the vehicle you are looking at, with adjustments for specific options and local markets.
Good luck. So far, I do like the Grand Cherokee, though I have only driven it a couple of times (wife's car).
Credit is very good over 740
They didn't bother to offer me the msrp. I emailed my salesman for some more info.
Mine was over $38.4K MSRP, and I shelled out $1500 and $432/mo, plus the 9.75%, so I think you are probably not getting the best pricing out there.
That being said, there is increased sales for the dealerships, especially here in CA, because of the tragedies in Japan.
The dealers are seeing people unable to buy many of the Japanese brands, either built in USA or Asia, due to lack of parts, not to mention some black pigments (so black may be hard to get), and I also heard some LCD screens, so NAV may be tougher to get soon (not sure, but perhaps).
I worked very hard to get the deal I got, as I was told no black interior (wife), and I would say close to 90% of the Laredo X's have black interior.
Also, hemi's probably makeup only about 20%, and for some reason, many of the X's don't have NAV.
Good luck with it all. By the way, it helps to search yourself for the dealers in the area with the right GC, because even though your local dealer will make a dealer trade for you for the one you want, they will be less likely to do if for less profit.
Also, a lower VIN number usually means it's been on the lot longer, so you may have more room to negotiate with one that's a bit 'stale".
I bought from merrick dodge, they tried to change lease details on pick up. I waited 2 hours until they re-did lease. Be careful. I would recommend trying westbuty jeep b/c of this problem I had with merrick dodge. I notified Jeep about what the dealer tried to do.
I got email that this week in smithtown, they are having a 3 day sale. 250 for new 2011 jeep grand cherokee laredo for 48 months. We want to lease, this sounds like a good deal. Is this a good deal?
what should I watch out for?
Thanks
Lit
Can you please tell me the lease rates for a Grand Cherokee Laredo, 4X4, 26E Package, for both 36 months and 39 months with 12,000 miles a year.
Thanks
the lease is 12k/yr 39 months.
with everything staying the same including the due at signing what should be the realistic monthly payments? just the standard 4X4 laredo is costing me $100 less a month.
Trade payed off, $2500 down, $469 a month, 39 months, 10K year.
Is this a good deal?
It seems that the GCs are better deals right now than the Ford Explorers (outrageous prices and lease deals IMO) and the Durango's.
So if anyone can provide me with the MF and residual for an Overland at 3 years, 36000, I would appreciate it.
Thanks
Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Ally's current base lease rate and residual value for a 36 month lease of a 2011 Jeep Grand Cherokee Laredo 4WD with 12,000 miles per year are 0.55% and 52%, respectively.
The numbers for an otherwise identical 39 month lease are 0.55% and 50%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
3yr/15k a year
$518 a month(including tax)
All fees included in payment, only first payment due
MSRP=$42,000, incl. Lux.II, Media 730N RHR, Stone Wht/Beige.
39/10K lse, $530/mo, due @ signing = $722.64 (1st pmt+192.50 doc,title,etc).
Rebate = $1,500 (loyalty) & Employee Price (EP) were part of the deal.
I am in Michigan.
Overland V6- MSRP $42,690
OTD Price- $39,825
Total Due- $1206.46
Residual-41%
MF- 1.72
$686.46 x 39 mo.
Limited V8- MSRP $44,590
OTD Price- $39,500
Total Due- $1148.62
Residual- 42%,
MF- 1.1
$626 x 39 mo.
Thoughts? Decent deal? Don't really need or want the V8 but I feel like it's the better deal.
1-Residual at the end what you owe, and if the car is in good shape, and the miles are right you tun it back in no problem.
2- Option to purchase this number should ALWAYS match the residual, not with Ally, that number was $2500.00 higher. $14700.00 vs $17200.00
Now you might think not really important I'm turning it back in anyway, Ok last year my lease was up on my Camry, Res. and Option to buy was approx $11,500, I sold it for $14,500 pocketed $3000 with the Ally Lease if you want to purchase the car you been given a penalty for making all those payments, I walked and will never do business with that dealer, or Ally, CarMan find out about this and let the people know.
2011 JGC limited - 20 in rims dealer final price is $39400. Not sure what invoice is on these trucks. Thanks in advance!
Here are the final numbers which I hope could help.
MSRP=$42,000 (incl. LuxII & Media 730N RHR),
EP (Employee Price)=$37,421,
Ally (GMAC) adm. fee= $795,
Incentive (return 2008 lse) = $1,500.
OTD = $36,716,
New lse 39/10K,
Residual (45%)=$18,900,
MF (est'd)=1.9%(.00079),
Mich.sales tx=6%,
Pmt.=$530.14X38(months),
Due @ signing = $722.64 (incl.1st pmt + doc,title,sales txs),
Purchase opt. @ end of lse = $21,400.
Colors - Stone Wht/Beige.
Jeep Grand Cherokee Laredo 4x4 V6 26x with nav, moonroof, blackberry pearl
Sticker $38.5 K
Rebates: 2K
OTD: $34.9K + Taxes, Tags, licence
Garden City NY.
Jeep GC Limited 4x4 with nav/chrome/etc
Bargained price: 38,077
down payment (trade in my xterra)= $8000
if i finance: 1.9% for 60 months: monthly payment of $582
if i lease, 39 months: $450 per month
do you think i can get a cheaper price than 38077?? They say its supposedly 1% lower than invoice. I don't know if i trust them!
and when i asked for leasing prices they never gave me a buyout price - all she said is "assume around $ 20,000
am i getting ripped off?? and if i lease, will i end up paying more for the vehicle if i buy out, rather than if i just buy from the beginning??