Last post on Nov 29, 2013 at 12:10 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Jeep Cherokee, Jeep Grand Cherokee, SUV
#333 of 892 Re: 2007 Jeep Grand Cherokee Limited - Price Paid [dnj]
Dec 21, 2006 (5:17 pm)
can you tell me more about the $1000 rebate you mentioned? Do you have to be on a mailing list? I currently own a 2001 Jeep and would think that I'd be on the mailing list. I just got quoted the following, from a dealer on Long Island, and I'm looking to see if I can lower my cost a bit and close the deal:
Lease - 39 months 15K/year
Jeep Grand Cherokee LTD, with Park Sense, Uconnect, Sirius......$527.03 a month
Jeep Grand Cherokee LTD, with Park Sense, Uconnect, Sirius, 17" Chrome Wheels....$538.03 a month
These lease figures include all taxes and costs with the exception of registration/title fees.
Jeep Grand Cherokee LTD, with Park Sense, Uconnect, Sirius......$32,578 (After rebate before tax)
Jeep Grand Cherokee LTD, with Park Sense, Uconnect, Sirius, 17" Chrome Wheels....$33,298 (After rebate before tax)
I know the $3500 rebate is calculated in these costs, but not so sure on the $1000 rebate you mentioned. If I knew more about it, I may be able to question them on it and possibly save a few bucks.
#334 of 892 Re: 2007 Jeep Grand Cherokee Limited - Price Paid [geeves]
Dec 21, 2006 (7:53 pm)
Your pricing is about the same I am offered in NJ. However I don't think you are quite correct in what you are saying, but maybe you are.
If the lease is truly $0 down other that first payment and title/reg, the lease numbers are pretty good, but if you are putting anything in to the lease up front beyond title /reg, they look on the high side.
How much for reg /title fees?
NY has Sales / Use tax, so you are paying about $1400 somewhere for that alone and that gets rolled into your payments.
The $1000 doesn't seem to be mailing list or even all previous lessors, the dealer can find out from Chrysler if you are on the list and lost it in the mail - if you trust them.
There is no current incentive for financing hence the attractive lease, that may swap around in Jan/Feb
#335 of 892 Re: 2007 Jeep Grand Cherokee Limited - Price Paid [geeves]
Dec 22, 2006 (4:14 am)
The $1,000 rebate, in my case, came in the mail from Jeep. Based on how it was addressed I can tell they used the information I entered into a web form requesting a brochure (this was months ago). The rebate was good until 1/02/07 and was for most vehicles (not the SRT-8 or the Wrangler Unlimited).
Hope this helps.
#336 of 892 Is this a good deal
Dec 27, 2006 (12:16 pm)
I currently have a 2004 Grand Cherokee Special Edition with 8 months remaining on the lease. I was offered the following deal by my dealership.
First, I can walk from my current lease paying only for any excessive damage.
Second, 2007 GC Laredo with only fog lamps as an upgrade.
30,450 MSRP - 39 month lease - $417/mo before taxes - no down or security deposit.
Any thoughts on if this sounds like a good deal or do I have some negotiating to do?
#337 of 892 Re: Is this a good deal [4jeeps]
Dec 28, 2006 (2:34 pm)
I just leased a brand new 2007 Grand Cherokee Laredo for 27 months. I put NO money down.I got it out the door for $310.00 per month with 10,500 miles per year.. I feel like I recieved a great deal. Negotiate!
#338 of 892 Grand Cherokee Lease - Just Signed
Jan 01, 2007 (9:56 am)
Hi I just signed this lease in No. California:
2006 Grand Cherokee
39 months, 15k per year (with 39 mo/50K mile warranty)
GRS CAP: $21,803 (18,235 + 700 acq fee + 390 xtra warranty + 2,475 leather and sunroof added)
MF: .00313 (7.51%)
MO. PAYMENT: $396.98
No money down, just first payment and reg. fees = $698.73
#339 of 892 is this a good deal??
Jan 17, 2007 (7:59 am)
I am in the process of obtaining a new jeep grand cherokee 2007 lease. Currently i have a 2004 Jeep grand cherokee freedom edition.the buyout at the end of the lease is 11982. im paying 325.00 a month and have six payments left.(1950) also i have 10,000 over my miles at .15 so 1500.$ in mile overages. i looking for the best option to get out of this and get into a new GC or refinance at lease end??
the dealer came back with this.
he will pay out the remaining 6 payments and milege and give me a 3500.00 check for it.
I will only be responsible for damamge.
my cap cost is 25,599.
i am giving 1300.00 down
they are paying all tax title ect.
bottom line 374 a month 39 months 12,000 a year.
#340 of 892 Re: is this a good deal?? [loppyd24]
by kyfdx@Edmunds HOST
Jan 17, 2007 (8:38 am)
This is what worries me about your deal...
The dealer isn't taking your old vehicle in trade... If he is giving you a check for $3500, then that means you could lease the new vehicle for that much less money, if the dealer didn't have to compensate you for your remaining lease costs. In other words, $3500/39mo., means the actual cost to lease that new Jeep is about $285/mo.. The rest of the payment is there to pay for that $3500 check.
The other part that worries me? Since he isn't taking your vehicle in trade, you'll be returning it to the bank (Chrysler Finance?). Turning a vehicle in early will sometimes generate higher costs than what you will incur at the end of the lease period. You should check with the bank to make sure you won't be on the hook for some open-ended amount. Most lease contracts don't allow for just paying the rest of the costs and turning the vehicle in early.
If your costs turn out to be exactly what you think, then this may be a decent deal for you... If you think it is, then I would ask the dealer to make the same deal, but take the vehicle in trade, so that you don't have to worry about any end of lease charges..
#341 of 892 Re: is this a good deal?? [kyfdx]
Jan 17, 2007 (9:02 am)
thank you for that valuable info!!! ok so when i go back to the dealer today, what should be my play. what should i say. what is my buyer beware flag to run out the door??
so in respect to the last post it is a good deal if chrysler has no early termination charges??
#342 of 892 Re: is this a good deal?? [loppyd24]
by kyfdx@Edmunds HOST
Jan 17, 2007 (9:12 am)
I don't really follow the prices, specifically... But, considering that they are giving you a check for $3500, then the lease deal looks pretty good.
Just tell the dealer that you are worried about excess charges because you are turning the vehicle in early, and ask them for the same deal, but with them taking the vehicle in trade. If they aren't willing to do that, call the leasing company, and tell them you want to turn in your vehicle early, and ask them what charges you will be liable for.
I'm guessing that they will tell you that they will send your vehicle to auction, and that you will be liable for the payoff difference between the amount realized and the amount of your payoff. (The open-ended amount that I referenced earlier). This could even be in addition to mileage charges. You can see how this could quickly get out of hand.
Your other alternative would be to keep your current vehicle in mothballs for the six months until it is time to turn it in. Of course, you would have to keep it insured.
You really want the dealer to take it in trade, if you can.. That is the best thing about trading out of a lease early... no extraneous charges.. If the dealer will pay the current payoff minus $3500, then you are home free on the same deal... no extra mileage charges or damages will apply.