Last post on Dec 11, 2013 at 6:03 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Jeep Grand Cherokee, Car Leasing, SUV
#1199 of 1406 Leave it to the Expert!
Aug 20, 2013 (4:20 am)
I wanted to share this deal I just got with the help of Inside Car Buying. I saw a bunch of people on different forums have used them and they have a lot of positive feedback on the web. Their DIY Dealer Report is "Hands Down" the best car buying tool for any shopper. I am a Math Teacher in Nassau County, NY and was in search of a 2014 Jeep Grand Cherokee Limited with sunroof and navigation for 39 months and 12,000 miles per year with just first month and DMV total out of pocket. The best I was able to do on my own after visiting 4 dealers and calling 2 others was $457 per month (about $38,400 selling price) with $1,027 total out of pocket leasing through Hann Bank.
The very detailed DIY Dealer Report I received showed I should be able to obtain $416.27 per month with $731.77 total due at signing. I had the option of discussing the report with Inside Car Buying after receiving it. When I contacted them they made me aware of the fact that the last dealer I spoke to was charging me a "Clerical Fee" of $299. This is some made up "in-house" fee for added profit and its negotiable! Dealers do make it look like such a real fee since its pre printed on their Buyers Orders in bold print. Inside Car Buying stated they're sure 98% of buyers just pay it as they don't know any better.
The other factor for the lower monthly payment besides a lesser selling price (I got the car for $37,414 which is $200 less than invoice and holdback plus $4,000 in rebates) was leasing the car through Teachers Federal Credit Union. I learned that any teacher teaching in Nassau or Suffolk Counties was entitled to this program at least in August, not sure if it will be continued. The bank fee of $895 was higher than Hann at $695, money factor of .00127 was slightly higher than Hann at .00120 but the residual 56% compared to Hann at 54% makes up for the difference saving me $11 more monthly. Hey, an extra $11 off per month over 39 months equals $429 which is more than my monthly payment, making the savings equal one less payment I would have to make plus I am being told they are much more lenient than Hann on the return of the vehicle at lease end.
I guess my timing was right because I went to a different dealer yesterday that I had not visited before and while negotiating with the Sales Manager he saw I kept referring back to the DIY Dealer Report I had so he asked to see it. I showed him the report and he was very impressed. He said he would make it simple, if I drove the car home today he would match the numbers on the report as they had a program ending today and could use the extra sale. He referred to this program as "Fast Start" just incase this term can help anyone else.
I was out of there in another hour and 20 minutes by the time I completed all the papers and they prepped the car with the exact numbers I received from Inside Car Buying. My only regret is not having the DIY Dealer Report prior to entering the first dealership as it probably would have saved me 8-10 hours of my time on a sunny Saturday visiting 4 other dealers! I would highly recommend Inside Car Buying as they are the true car buyers advocate.
#1200 of 1406 Re: Leave it to the Expert! [teachmath]
Aug 21, 2013 (12:00 pm)
I also live in NYS -- can you please tell us the name of the dealership you ultimately bought from? Thanks.
#1201 of 1406 Re: Leave it to the Expert! [craigg23]
Aug 22, 2013 (4:04 pm)
East Hills Jeep
#1202 of 1406 2014 Overland or Summit
Aug 29, 2013 (7:54 am)
Hey everyone, can anyone provide me the MF and Residual on the 2014 GC Overland and Summit for a 36 month 12k a year lease in the NYC area. Thanks in advance.
#1203 of 1406 Re: 2014 Overland or Summit [bt83]
by kyfdx@Edmunds HOST
Aug 29, 2013 (2:22 pm)
MF .00009 and 52% residual
MF .00033 and 49% residual
36 mo., 12K mi/yr
#1204 of 1406 Re: 2014 Overland or Summit [kyfdx@Edmunds]
Aug 30, 2013 (3:56 pm)
Any chance you have the numbers for a limited 4WD 36 month 12k year.
#1205 of 1406 Re: 2014 Overland or Summit [bt83]
by kyfdx@Edmunds HOST
Aug 31, 2013 (3:59 am)
.00008 and 55%
#1206 of 1406 Re: 2014 Overland or Summit [kyfdx@Edmunds]
Aug 31, 2013 (6:41 am)
Are these MFs and residuals for V6 and V8 engines? If not please indicate which and provide the other. Thanks!
#1207 of 1406 Re: 2014 Overland or Summit [jb2u]
Aug 31, 2013 (7:33 pm)
Cut a deal today on a 2014 GC Overland Hemi in Orange Co., California. Terms were:
Gross Cap Cost: $47,876
Conquest Rebate: $1,000
Net Cap Cost: $46,876
36 Month/15,000 mile lease (Chrysler Capital)
Money Factor: 0.00009
Base Monthly Pmt.: $575 (+ state sales tax)
Paid up front: first mo. + acquisition fee + license/title fees
#1208 of 1406 Re: Leave it to the Expert! [teachmath]
Aug 31, 2013 (9:12 pm)
Can you give me the MSRP and the options on the vehicle you listed?
I'm looking for something similiar.