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Jeep Grand Cherokee Lease Questions

495 messages,  Last post on Jul 22, 2008 at 8:43 PM

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

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#173 of 495 Help with Grand Cherokee lease by waterddd Nov 04, 2006 (8:21 pm)
HI Trying to do my homework Grand Cherokee ltd 24 month lease with 25k miles per year milage $.12 upfront $.15 over miles msrp $42,525 price $39,764 money factor .0081 residual 57% residual $21839.25 taxes $1867.74 rebates $2500.00 sign and drive deal payment 799.64   How does this look Replies to this message: ronaldc (Nov 05, 2006 12:41 pm) Car_man (Nov 13, 2006 4:02 am)
#174 of 495 Re: Help with Grand Cherokee lease [waterddd] by ronaldc Nov 05, 2006 (12:41 pm)
Replying to: waterddd (Nov 04, 2006 8:21 pm) Based on your figures, the monthly payment is computed as follows:   1. Cap Cost $39,764      Taxes 1,867        Rebates (2,500)   Net Cap Cost 39,131   Residual (24,239) (42,525 X .57)   Net Depr 14,892/24 months = 620.50   Interest 39,131 + 24,239 X.00081 = 51.32   Total before mileage adjustment 671.82   Total Miles needed 50,000 Total Miles allowed 24,000 ? Excess 26,000 X.12 = $3120/24= 130.00   Total Lease Charge 801.82 Your Payment 799.64 Difference ??? Your favor 2.18
#175 of 495 How good is this deal? by seligadiga Nov 06, 2006 (11:16 am)
2006 Jeep Grand Cherokee Limited 5.7L V8 Sunroof, Quadradrive, Leather, Parking Sensors, 6 disc CD, Trail Rated, etc.   MSRP around $41,000, tons of rebates brought it down to around $30K.   Downpayment: $2500 10,500 miles per year 356/month payment   Let me know if this sounds reasonable or if I should try to bargain them down a little. I don't know much about lease features, just what payments were offered...   Thanks! Replies to this message: misterep (Nov 07, 2006 3:53 pm) Car_man (Nov 13, 2006 4:12 am)
#176 of 495 Recap of 2006 Grand Cherokee Lease - good deal? by sandycohen Nov 06, 2006 (2:39 pm)
What do you all think -   Basic GC plus pinstriping, fabric and paint protectant, for an sticker price of about $29K   Dealer discounted $1500 (was this enough?)   Rebates totaling $7500   Total fees including acqusition built back into cap cost = $800   Remaining lease payments on turn in GC - $867   27 month lease with 12K miles a year, monthly payment $278.00 including 9% state and local taxes in the payment.   I think I got a great deal as a result of all the rebates, but suspect the dealer made out fine with only discounting $1400 too.   Car had some sap spots from being on the lot so long, so they are giving it a clay bath. Sound legitimate? Replies to this message: Car_man (Nov 13, 2006 4:16 am)
#177 of 495 Re: How good is this deal? [seligadiga] by misterep Nov 07, 2006 (3:53 pm)
Replying to: seligadiga (Nov 06, 2006 11:16 am) Seligadiga,   Wow...can you describe the 'tons of rebates' that got you to that price? Thanks....
#178 of 495 bonus cash / lease cash / cash allowance by danxp Nov 09, 2006 (2:11 pm)
jeep has incentives tagged as bonus cash and lease cash and cash allowance... what's the difference here?   how would the incentives work if you were to lease or buy?   on jeep's website it says: - 2006 jgc   - $4500 cash allowance for purchase   - $3500 lease cash + $2000 bonus cash + $1000 loyalty cash for lease   so, if you were to lease a 06 gc, would you apply $6500 towards the cap cost?   but if you purchased it, you would get only a $4500 incentive?   what are the lease terms (money factor) for the 2006 gc?   thanks.
#179 of 495 Re: 2006 GC Limited w/Hemi lease [tkln] by Car_man HOST Nov 13, 2006 (3:35 am)
Replying to: tkln (Oct 16, 2006 12:21 pm) Hi tkln. It is very important for you as a consumer to find out what this truck's MSRP and selling price are. You wouldn't finance or pay cash for this truck without knowing its price, this is the same thing. These numbers will show you how much of a discount you are being given and the will enable you, or me, to use Chrysler Financial's current lease program to estimate what your monthly payment should be. Let me know and I'll tell you what I think.   Car_man Host Prices Paid Forum
#180 of 495 Re: 2006 GC Laredo Lease Help!! [sueher13] by Car_man HOST Nov 13, 2006 (3:40 am)
Replying to: sueher13 (Oct 25, 2006 9:40 am) Hi sueher13. You did a very good job at getting all of the information that you need to evaluate this deal, except that you never mentioned if this truck is 2WD or 4WD. For now, I will assume that it is 4WD. Let me know if I am wrong. A base 2006 Jeep Grand Cherokee Laredo 4WD has a spread of around $2,400 between its full MSRP and dealer invoice price. You were quoted a discount of a little over $1,700 on this truck. This is probably around $600 to $700 over invoice, which isn't bad. The money factor and residual value that you were quoted for this truck look good, too. If you like it, I personally don't see any reason not to pull the trigger on this deal.   Car_man Host Prices Paid Forum
#181 of 495 Re: Question about Jeep GC [mschoener] by Car_man HOST Nov 13, 2006 (3:48 am)
Replying to: mschoener (Oct 29, 2006 3:04 pm) Hi mschoener. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   What you were told is correct, DaimlerChrysler's lease program for the 2006 Jeep Grand Cherokee is pretty good right now. While it is normally not a good idea to get out of leases early (it can be very expensive), I believe that Chrysler Financial is running a lease pull-ahead program on the 2006 Jeep Grand Cherokee right now. This program will waive up to three remaining lease payments for current Chrysler Financial lessees of any vehicle if they lease a new Jeep Grand Cherokee. This program should cover three of your four remaining monthly payments.   In your post you mentioned that the dealer said this truck's price is $29,000. Is this its MSRP or selling price? Either way, I need you to provide me with both numbers to give you a detailed assessment of this deal. Let me know what these numbers are and I will tell you what I think.   Car_man Host Prices Paid Forum
#182 of 495 Re: Help with Grand Cherokee lease [waterddd] by Car_man HOST Nov 13, 2006 (4:02 am)
Replying to: waterddd (Nov 04, 2006 8:21 pm) Hi waterddd. You never mentioned the model year of this truck or whether it is 2WD or 4WD. For now I will assume that you are interested in a 2007 Jeep Grand Cherokee Limited 4WD. Let me know if this assumption is incorrect. A loaded version of this truck has a spread of around $3,800 between its full MSRP and dealer invoice price. You were quoted a discount of $2,761 on this truck. That's probably around $1,000 over invoice. $1,000 over isn't terrible, but if you are in an area that has a decent level of competition, there is a good chance that you will be able to beat this price. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "Jeep Cherokee (All): Prices Paid & Buying Experience".   Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are right in line with the numbers that you were quoted, .00081 (you missed a "0" in there) and 57%, respectively.   The bottom line is that this id a decent deal. See if you can negotiate the selling price down a little bit, if not this deal is still pretty good.   Car_man Host Prices Paid Forum

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