Last post on Dec 08, 2013 at 7:39 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Jeep Grand Cherokee, Car Leasing, SUV
#1067 of 1389 Re: 2014 Grand Cherokee Limited V6 [Keerock]
Mar 20, 2013 (8:29 am)
I just got off the phone with a dealer here in Mass. The MSRP on the 2014 Limited V6 w/20" wheels is $41,675. He is willing to sell me the Jeep for $38,999.
He priced out a (first payment) $0 down lease, 39 month, 12k per year. $504 with all taxes & fees included in the lease. Sales tax in MA is 6.25%
Is this a good deal? I also just got a thing in the mail from Jeep which is $500 Jeep cash - he said he could use that as a rebate and the payment will go down some.
#1068 of 1389 Re: 2014 Grand Cherokee Limited V6 [calli74]
Mar 23, 2013 (2:58 pm)
This sounds like a good deal. I am looking at the same car and my deal is a little better but I have a leased car to turn in and I am paying fees up front. Are all your fees being rolled in?
What dealership is this?
#1069 of 1389 2013 Overland Price?
Mar 23, 2013 (8:27 pm)
I made a lease deal on a 2013 Overland originally priced at $49,650. The price was reduced to approximately $43,162. I've yet to sign the papers. For a 36 month lease at 10K a year with approximately $4,000 to $5,000 down (I'm returning a jeep before the financing is up, and they are paying the 12K remaining to the finance company and giving me $4,000 or $5,000 additional toward the lease). They quote the lease price at $465/month. Is this a good price? I thought it was when I left, but I'm no longer certain. Thanks very much for any advice you can offer.
I'm assuming that the deal on the vehicle I'm returning is a good one. It's a 2007 Limited with HEMI, fully loaded, originally just under $44,000. The interior is in perfect condition, like new. The exterior needs paint on the corner of one bumper to cover scratches, no body work. The tires need to be replaced. The car has just about 44,000 miles. Any advice is very welcomed. Thanks!
#1070 of 1389 Re: 2014 Grand Cherokee Limited V6 [lulu1234]
Mar 25, 2013 (11:21 am)
Actually, that quote didn't include the 20's. I'm waiting to hear back from Kelly Jeep. The dealer that quoted me this is Lawless in Woburn. Everything is rolled in to my monthly payment. I only sign and give them 1st payment up front.
#1071 of 1389 2014 Laredo vs. Laredo E
Mar 25, 2013 (1:16 pm)
New to the forum and very slow I've went over the specs for the Laredo and Laredo E and I can't find any difference between the models except for the fact the the Laredo E allows for a number of options to be added to it. Am I missing something here or are the pretty much the same model.
Also, with that said I am no going to please lease ignorance and ask someone to calculate me a 3 year 10k mile lease on a 2014 stock Laredo, No Money Down.
Thanks in advance everyone, I'm hope you can help me out.
#1072 of 1389 Re: 2013 Overland Price? [tracy0130]
Mar 25, 2013 (1:37 pm)
A few questions for you.
- What is the buy rate MF for the lease? Is the dealer offering you the buy rate?
- What is the RV for the lease?
- Are any incentives such as loyalty cash included in the negotiated sales price of 43,162?
Knowing the above will help evaluate your deal.
#1073 of 1389 Re: 2014 Laredo vs. Laredo E [greenwell39]
Mar 25, 2013 (1:40 pm)
A lease is not very daunting as its only based on three variables: Negotiated sales price; Residual Value (RV); and Money Factor (MF).
RV is a fixed percentage set by the bank (e.g., Ally) that's doing the lease. There is a base rate MF that is suggested by the bank as well but dealers have the latitude to mark it up as another source of profit. Both RV and MF are based on your model, lease term, and mileage per year. Ask Carman on this forum to give you the RV and MF for your 3 year/10K lease on the Laredo.
With the above numbers in hand, the calculations would be as follows,
Monthly Depreciation = (Cap Cost - (RV*MSRP))/Lease Term
Monthly Interest Charges = (Cap Cost + RV*MSRP)*MF
Monthly Lease (pre tax) = Monthly Depreciation + Monthly Interest Charges
*N.B.: Cap Cost assumes Negotiated Sales Price + Acquisition fee only (i.e., no cap cost reduction or $0 down)
#1074 of 1389 Re: 2014 Laredo vs. Laredo E [dewarsandsoda]
Mar 25, 2013 (3:15 pm)
I think it might help to note that many leases include the sales tax (price paid x tax rate spread over monthly term) and may include fees and other add-ons rolled into the payments AFTER your negotiated selling price. Sometimes people don't check the numbers to make sure that the actual monthly all adds up. I've been surprised in some negotiations to find numbers in the monthly that we're not part of price/rate/residual.
Mar 27, 2013 (1:07 pm)
I've entered into the world of lease analysis for the first time after "feeling" like I've received good deals in the past.
Was wondering if you could provide some guidance on a lease offer for a 2013 Grand Cherokee X:
Selling Price: 35,653
Taxes and Fees: 3,395.28
Cash Due: $500, 36 month lease at $462.
Thanks for any help!
#1076 of 1389 Re: 2014 Grand Cherokee Limited V6 [stang678]
Mar 27, 2013 (6:28 pm)
Im from NY and would like to know the deal u got for the lease.
I would like to get the jeep grand cherokee limited.
What was the total upfront cost?
Which jeep dealer?