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Jeep Grand Cherokee Lease Questions

538 messages,  Last post on Nov 20, 2009 at 3:05 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Jeep Grand Cherokee, Car Leasing, SUV


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#153 of 538
Remaining 2006 GC Limited 5.7 HEMI by bamsdm
Sep 23, 2006 (6:15 am)
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Carman do you know of any dealer money chrysler is offering for GC Limited 5.7 in inventory since April 06? I'm looking to lease one next week. Thanks in advance.
#154 of 538
2006 Jeep Grand Cherokee Limited 5.7Hemi by bamsdm
Sep 25, 2006 (4:21 pm)
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Today I was quoted the follow for a 06 GC Limited fully loaded with a MSRP of $42,755 Purchase for $39,450-$1000(car in inv since April 06) = $38,450. After taxes and $6000 rebates (military, factory, and loyalty rebates) price was $35,348.00. Money factor .00181 and residual 47% for a 36 months 15,000 miles. Payment quoted was $545. Carman is this a good deal? Thanks in advance.
#155 of 538
Re: 06 Laredo 4x2 /28f / v-8 / sirius - NC Lease [chris_nc] by Car_man HOST
Sep 26, 2006 (1:31 am)
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Replying to: chris_nc (Sep 10, 2006 10:27 pm)

Here's the information that you're looking for, chris_nc. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2006 Jeep Grand Cherokee Laredo 2WD with 15,000 miles per year are .00044 and 50%, respectively. The numbers for an otherwise identical 30 month lease are .00088 and 47%. Its 36 month numbers are .00088 and 42%. Lastly, its 39 month numbers are .00085 and 41%.
 
I see that you are considering making a $3,000 down payment on your lease. I always advise community members against making down payments on leased vehicles because if their car or truck is stolen and never recovered or totaled in an accident their down payment would essentially disappear. You would bee better off keeping the $3,000 in the bank and using it to supplement or make a few of your monthly payments.
 
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#156 of 538
Re: 2006 Jeep Grand Cherokee Limited with Hemi [bamsdm] by Car_man HOST
Sep 26, 2006 (1:34 am)
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Replying to: bamsdm (Sep 16, 2006 4:08 am)

Yes, bamsdm, there is dealer cash on the 2006 Jeep Grand Cherokee right now. Specifically, DaimlerChrysler is running a dealer stairstep program on this truck that enables dealers to earn up to $1,000 dealer cash on it if they hit certain sales targets. It is impossible to tell exactly how much a specific dealer is going to earn through this program, but it is fairly safe to assume that most are probably getting at least $500 per truck.
 
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#157 of 538
Re: 2006 Jeep Grand Cherokee Limited 5.7Hemi [bamsdm] by Car_man HOST
Sep 26, 2006 (1:40 am)
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Replying to: bamsdm (Sep 25, 2006 4:21 pm)

Hey bamsdm. The money factor that you were quoted for this truck looks a little high. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are .00141 and 47%, respectively assuming that you qualify for its top credit tier. Make sure to insist that this money factor is used to calculate your truck's monthly payment. The selling price that you were quoted for this truck isn't bad, but if you are in an area that has a decent level of competition, I would not be surprised if you were able to beat it by another couple hundred dollars.
 
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#158 of 538
Thanks by bamsdm
Sep 26, 2006 (3:00 am)
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Thanks Carman!
#159 of 538
2006 Jeep Grand Cherokee Lease by 4wheeler1
Sep 28, 2006 (4:37 am)
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Hi Carman-
 
Wondering if you can help me out...What is best monthly lease monthly payment for the following car-
 
$31,685 is MSRP
cap cost 30412
+700 acq fee
 
w/ 4500 in rebates
 
2,000 total down
27 months
15k per year
 
What should be my payment/lease factor/resid...on a great deal? I see they are advertising 269 mo. 27 mo..12k mile per year for a stripper...total 999 down. My payment coming in mid 350s w/ sales tax. AShould be better I think....Also, the resid 16.1K. Thanks in advance- great forum...
#161 of 538
Leaase question by p126888
Sep 29, 2006 (11:07 am)
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I'm looking at leasing a 2006 Jeep GC here are the numbers
$28,110 MSRP
$25,639 Gross Cap Cost
$ 4,500 Rebate
$21,139 Net Cap Cost
$12,087 Residual (39 months, 43%)
.000850 Money Factor
 
They are quoting me additional costs of: a $700 Lease Inception Fee, $398.75 Cap License Fee, $315 sales tax (on the $4500 rebate), $116.50 License title doc fee, and $332.79 first months payment.
 
I have no problems with the Cap cost,money factor etc... but all of these additional fees seem excessive (I realize the title fee is standard as is the first months payment)
 
Any light you could shine on this would be greatly appreciated.
 
Thanks
#162 of 538
Avoid Des Plaines Jeep!!! by storrk1
Oct 01, 2006 (7:36 am)
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I want to share a horrible experience I had yesterday with the hopes that all of you in the Chicagoland area will be able to avoid a similar situation. In a nutshell, stay AWAY from Advantage Jeep/Chryler/Dodge aka Des Plaines J/C/D. They just this past week took over the Mancari Des Plaines J/C/D.
 
Here's my story. I'm in the market for a '06 Jeep GC Ltd with the 5.7L Hemi. I had done my homework and knew what the magic number needed to be to drive home in a new Jeep. Did initial research online and found a few dealers that had the truck I was interested in. Des Plaines being one of them. Went over to Des Plaines yesterday afternoon. Sales guys were actually really nice, very knowledgeable and weren't pressuring at all. The GM got involved and to my initial pleasure, we came to a deal. Shook hands, they started the paper work, high fives were exchanged, the car was sent to the service bay for detailing, I called my insurance agent...the whole nine yards.
 
Spent the next THREE hours in the dealership as I was told the finance manger was busy and that he would be available shortly to complete the paper work. They were sorry.
 
Another hour later, I was asked to go into an office as the sales manager approaches me and said "Hey buddy, come over here." Hey buddy???
 
Long story short, they rescinded the deal saying they had made a mistake in the initial calculations. Blah..blah..blah... (FYI, i have "A" credit, so that had nothing to do with the "mistake.")
 
The next hour was a fairly heated exchange between myself, the sales manager, the finance manger, general manger, you name it...I spoke with them. They said it was a mistake but I think that's BS.
 
My issues are two fold. One, they didn't honor a deal we made in person! Two, it took them more than three hours to approach me with the news. I can only assume they were trying to keep me there as long as possible so as to wear me out!
 
In my book, once you agree to do something, you make it happen. If they made a mistake, they should have honored the price. In all my experience in buying a car, I have never heard of anything like this.
 
Feel free to send me an email and I can get into more details. Please friends, avoid this place like fresh spinach from california and tell all of your friends to do the same.

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