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Jeep Grand Cherokee Lease Questions

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

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

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#159 of 538 2006 Jeep Grand Cherokee Lease by 4wheeler1 Sep 28, 2006 (4:37 am)
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... Replies to this message: Car_man (Oct 16, 2006 2:32 am)
#161 of 538 Leaase question by p126888 Sep 29, 2006 (11:07 am)
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 Replies to this message: billmv (Oct 07, 2006 10:23 pm) Car_man (Oct 16, 2006 2:36 am)
#162 of 538 Avoid Des Plaines Jeep!!! by storrk1 Oct 01, 2006 (7:36 am)
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.
#163 of 538 Jeep Grand Cherokee by crimsonblue Oct 03, 2006 (6:49 pm)
Hi Carman -   I am looking to lease a 2006 Jeep Grand Cherokee 4X4 with an MSRP of 36,900. I have been told that the residual on the car is 49%, but given what I've read here, it appears that I'm being quoted too low. Is the residual still 55%? Also, what would be a good lease payment on that car with 0 down and 12K miles a year?   Thanks. Replies to this message: Car_man (Oct 16, 2006 4:02 am)
#164 of 538 Re: Leaase question [p126888] by billmv Oct 07, 2006 (10:23 pm)
Replying to: p126888 (Sep 29, 2006 11:07 am) Where are you located? Dealer name? Just going to start looking for a GC myself, so I'd like to know a little more about your truck and specs.   Inception fee is usually $600-700 for most lease deals, but is usually rolled into the final cap cost. I assume $700 is standard for Jeep? You usually pay your license fee up front, so that's OK. Doc fees can be jacked up, but in CA they're fixed by the state at $45.   Also, I think your payment is high, given the numbers you threw out. Including 7.0% tax it should be $298/mo.
#165 of 538 Re: Thanks [bamsdm] by Car_man HOST Oct 16, 2006 (2:30 am)
Replying to: bamsdm (Sep 26, 2006 3:00 am) No problem, bamsdm.   Car_man Host Prices Paid Forum
#166 of 538 Re: 2006 Jeep Grand Cherokee Lease [4wheeler1] by Car_man HOST Oct 16, 2006 (2:32 am)
Replying to: 4wheeler1 (Sep 28, 2006 4:37 am) Hi 4wheeler1. Chrysler Financial's lease program for the Grand Cherokee varies by trim level, i.e. Laredo 2WD, Limited 4WD, etc... I'd be happy to tell you what the lease program is currently like for the truck that you are interested in, however in order for me to do so I need you to describe it. Let me know the exact truck that you want and I'll tell you what its current lease program is like.   Car_man Host Prices Paid Forum
#167 of 538 Re: Leaase question [p126888] by Car_man HOST Oct 16, 2006 (2:36 am)
Replying to: p126888 (Sep 29, 2006 11:07 am) Hi p126888. Chrysler Financial charges a $700 acquisition fee on every vehicle that it leases. Individual dealers do not have the authority to waive this charge. The only way that you can get out of paying it at lease signing is to have it rolled into your truck's capitalized cost. The sales tax and license fee are charged by your state and again dealers have to charge them. You may be able to get out of paying any sort of doc fee that the dealer tries to tack onto your deal, but most dealers charge one. As long as it is only a hundred bucks or so it really isn't a big deal.   Car_man Host Prices Paid Forum
#168 of 538 Re: Jeep Grand Cherokee [crimsonblue] by Car_man HOST Oct 16, 2006 (4:02 am)
Replying to: crimsonblue (Oct 03, 2006 6:49 pm) Hi crimsonblue. this truck's residual value varies depending upon how long you lease it for. For now I will assume that you are interested in a 36 month lease. Let me know if you want info for a different term. Chrysler Financial's current 36 month buy rate lease money factor and residual value for a 2006 Jeep Grand Cherokee Laredo 4WD with 12,000 miles per year are .00074 and 45%, respectively. I would be happy to give you an idea of what a good lease payment would be for this truck, but in order for me to do so I need you to provide me with its approximate selling price, or at least its dealer invoice price. You can find the invoice price of the exact truck that you want in the following section of this site: Edmunds.com New Vehicle Pricing.   Car_man Host Prices Paid Forum

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