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2013 and earlier Jeep Grand Cherokee Lease Questions
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I live in NE Florida, Can you provide me with the Lease Rate, and Residual (10k, 12k, 15k) for
2012 Jeep Grand Cherokee Laredo 4 x 2 ; 24X package. 24, and 36 months.
Best
Thanks
I've been lurking on this great website quite a bit over the years, but never much of a poster. But, got what I think is a great deal and I wanted to make others aware of it in case they want to duplicate. Here it is...2012 JGC White/Black E pkg + Uconnect (brand new 14 miles)
MSRP $28,315
Discount $5,500
Purchase Price $22,815
All Fees/Taxes $1,000 (so net net discount would be $4500)
Upfront Payment $802 (1st month pmt plus $500 - We didn't pay the $500 because we used the Realtor rebate available from Chrysler)
35 remaining payments of $302 (including tax, $283 pre-tax)
$395 Lease End Fee (buyout or return)
No security deposit
MF - .000679
RV - .51
Term 36 months/12k per year
There was no negotiating necessary to get this deal. It is what is advertised on the Dealer's website. The dealer was extremely professional and performed exactly as I had hoped they would. If you are interested, there are probably 6-8 more base JGC available at this price (only white and silver on the lot currently in base model - they have many other better equiped units/colors but lease deals aren't quite as good because the $5500 discount remains the same on all units). This deal will probably change a bit on March 1 with new residuals, etc, but will still be a good deal after that I suspect.
Dealer Name - Ed Voyles Jeep, Atlanta/Marietta, GA
Salesman - Jeremy Cloud, Internet Sales
I recommend these guys.
* For those of you interested in leasing, watch your back if it's Ally. They charge a huge fee ($2,500) at the end if you elect to buy the vehicle rather than turn it in.
Thanks and good luck!
Thanks
Lou
I don't have the March lease figures, but I did get the figures for a limited in Feb before we did the base model deal above, and if you go with the Ed Voyles guys (if you are anywhere near Atlanta), by my math the $419 plus tax should be a layup. In fact, by my spreadsheet, you should be able to get there for about $1500-$2000 down, not $3500.
I'm not an expert here except out of necessity, so I would call Jeremy and tell him your interested in the deal Jay got, but on a limited and see what he can do for you. Watch that Ally buyout fee, it bit me in the rear, but Jeremy and Ed Voyles helped resolve this by switching us to US Bank.
PS - when we did ours a couple of days ago, jeep.com said $309 or $319 with $2500 down for a stripper + Uconnect. Our deal is $282 with $500 down. The deals are out there, you may just have to travel a bit.
Good luck.
MSRP 38,765
Price 35,500
Rebate 1,500.00
Cash 1,500.00
Residual .54
Rate: .40
Acq Fee: 795.00
Adj Res: 20,933.10
Trade #1 4,000.02 (4k for the trade on my honda, to payoff the 4k I still owe on it. Yuck)
Payoff #1 3,940.46
Tot Cap Red 1946.50 ?
Tot Init Pmt 3059.56 ?
Govt Fees 145.00
Total Taxes: 4,392.86
Doc Fee: 161.35
Monthly Payment: $513.06
All comments welcome on the following offer I received:
2012 Jeep GC Laredo
26X Package
Laredo E Group
Dual pane sunroof
Media Center
MSRP: 38,810 (includes Destination)
Negotiated: 36035.00
15000 miles
50% residual
0.0001 MF
Bank Fee: 695.00 - in Neg price
Destination: 925.00 - in Neg price
Drive off: 853.47 (First month, DMV,tax, tire)
Monthly: 498.97
They say that this is bottom line. Our corporate accounting dept is saying that this number is too high.
Any thoughts?
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.
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.
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.
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.
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
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.
What was the MSRP of that Jeep ?
$31,072.00 ?
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.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Jeep is currently providing a $1,500 cash incentive on leases of this truck.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
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 ?
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.
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.
Grand Cherokee Laredo X / 4x4 / Nav / Dual pane sunroof
MSRP: $39,305
Negotiated price: $34,885
36 months - 12,000 miles/year
Residual: 52%
Rate: 1.4% (he wouldn't let me see the "money factor")
Down payment: $2,800
Monthly: $529
I am in Chicago so there is an additional 7% use tax, and in Illinois I think you pay taxes on the whole purchase price at 10.25%. I still couldn't get the number to make sense.
Any feedback would be really helpful and if someone could post the Ally April rates for the above that would be wonderful. Thanks.
Good luck!
Thanks
Lease a 2012 JEEP GRAND CHEROKEE LAREDO 4X4 for $249 per month for 36 months. Total due at signing: $1,876. No security deposit required.
You may want to visit, www.Jeep.com for more information.
Lisa
Customer Care
Chrysler Group LLC
Grand Cherokee Laredo X / 4x4 / Nav / sunroof
MSRP: $38,485.00
Negotiated price: $34,500
36 months - 15,000 miles/year
Down payment: $3000 includes1st payment,start up,taxes &tags & cap reduction
Monthly: 419
purchase at end of lease19,242
Not sure of important questions to ask. please help. Valerie
Any feedback would be really helpful.
What does the $3000 "down payment include?"
I don't advise "putting money down" as a capitalized cost reduction or paying sales tax up front. If your car is stolen or totaled at any point during the lease, that money is lost.
What is the money factor or lease rate they are charging you?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
They also said how about just putting 1500 down and my payment would be 465.
1st month's payment
Security Deposit (they should waive this if you have excellent credit)
Bank Fee
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
I told him I wanted to be at $350 a month with 12K miles, with only first month ($350) and DMV (approx $200) out of pocket. Thats with tax and everything included, and them taking me out of my VW lease and buying out my current car outright. Still waiting to hear back from dealer to see if they even want to do the deal, but if they do I will prob jump on it.
Oh residual was 52% (aweful) and MF was 0.0014 (i think)
Where did you get your selling price from? You should plug your Jeep's options into edmunds.com here & make sure you are buying the Jeep for at least invoice, maybe less if there are incentives out there.
Good luck & let us know what you come back with.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Ally's April base lease rate and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee X 4WD with 12,000 miles per year are 0.4% and 52%, respectively.
When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
This is my first time leasing and I need to make sure the deal is OK. This is for a 2012 GC Limited 4x4 3.6L V6 with Luxury Group II and 20" wheels.
MSRP $42,510
Negotiated Price $38,300
$2,452 due at start including first payment, plates, doc, and title
Monthly payments $456 + tax ($485 including tax)
10k miles per year / 36 month term
Money factor is .0055
Residual is 51%
Buy out at end of lease is $24,180
I have a 782 credit score, so paying 13.2% APR (.0055 MF) seems really high. How does that residual value compare? Per Truevalue.com, $38,300 is a great price for the car, but are these payments fair? What should I negotiate for?
Thank you!
Jim
Thanks for your help!