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Jeep Grand Cherokee, Car Leasing, SUV
#183 of 1385 Re: How good is this deal? [seligadiga]
Nov 13, 2006 (3:12 am)
Hi seligadiga. The 2006 Jeep Grand Cherokee has a spread or around $3,800 between its full MSRP and dealer invoice price. It also currently has $5,500 in cash incentives on it plus an additional $1,000 for models that have been in dealer inventory since April 1st. You have a total of $9,300 to play with if this truck isn't that old and $10,300 if it is. Either way, the discount pf $11,000 that you were quoted is a very good deal.
You never mentioned how long the lease that you are considering is, so for now I will assume that it is 36 months. Let me know if you want something different. According to my calculations, if you were to lease a 2006 Jeep Grand Cherokee Limited 4WD with an MSRP of $41,000 and a selling price of $30,000 through Chrysler Financial right now for 36 months with 10,500 miles per year, your zero down, pre-tax monthly payment should be around $344. As you can see, this payment is a little less than yours, probably even when sales tax is figured in because I worked up a zero down lease. Consumers can and should any vehicle that they want without making any sort of capitalized cost reduction. Consumers who make large down payments on leased vehicles risk losing them if their vehicles are totaled in an accident or stolen and never recovered. You should only pay your truck's first month's payment, security deposit, and acquisition fee at signing.
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#184 of 1385 Re: Recap of 2006 Grand Cherokee Lease - good deal? [sandycohen]
Nov 13, 2006 (3:16 am)
Hi sandycohen. You never mentioned the model year of the truck that you want, but I assume that we are talking about a 2006 Jeep Grand Cherokee Laredo. In my opinion, you can do better than a $1,500 discount on this truck. DaimlerChrysler dealers still have tons of 2006 models left that they are desperately trying to unload. If I was in the market for this truck, I personally would shoot for a selling price that's right around dealer invoice. This deal isn't bad, especially with all of the cash incentives that are available on this truck right now, but you should shoot for a slightly larger dealer discount.
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Nov 24, 2006 (4:51 am)
Okay for everyone thats thinking of buying but dont think your ready right now, get yourself ready quick because your probably not going to be able to get as good of deals as you can right now. The total rebates can go all the way up to 7500!!(3500 base rebate, 2000 lease cash, 1000 old age bonus+1000 lease loyalty.) In addition, you may be able to get a military discount(not positive if that still exists) and $750 rebate if you are an employee at a five star Chrysler, Jeep or Dodge dealership. However, if you do work at one you probably already have gotten the pressure put on you to buy one, just like I did. I just bought myself an 06 GC Limited Hemi with every option(U-Connect, Nav, DVD, Tow) with a sticker of 43,955 for only 7,300 for 24 months. Its about 7300 because I did a one pay lease so I could eliminate the money factor but im only 19 years old and got this for myself! I never saw myself driving this much car but when you get a deal like that, I couldnt refuse. When you put what I paid into 24 payments, they are only 307! My car did however have 2,000 in write down because it was a demo but it was worth it (my only penalty was two percent less residual.) But anyways in conclusion if your looking to get one of these in the next six months or less, go in now because these rebates will more than likely be gone this month and just become dealer cash (which is money that doesnt have to go to the buyer)and not be as high as they are now at all. There already extending these deals alot later in the year than they usually do but with that much 06 inventory left they have to be aggresive. Im selling most our 06's at invoice or less depending on how old the vehicle is. Good luck out there!
#187 of 1385 Guaranteed Employee Pricing?
Nov 28, 2006 (2:30 pm)
A friend of mine who works for Chrysler passed along to me an "employee choice" code number which allows me to lease a Jeep Grand Cherokee beginning at dealer invoice, minus dealer incentives and other discounts. How can I be sure the prices I'm quoted are really reflecting these discounts? Will they show me actual invoice paperwork? I've already talked with a salesman who sounds like he's trying to pull something over on me -- he said they rarely ever do 3 year leases, mostly 27 month and sometimes 39 month. I've never heard of a 39 month lease... When I have a specific deal I'll post it for your input; just wanted your thoughts on this general subject before I visit dealers next week. Thanks!
#188 of 1385 Re: Guaranteed Employee Pricing? [kellim]
Nov 29, 2006 (11:24 am)
Chrysler employees buy off of an 'EP' price that is listed on the dealer invoice. Also, get a new salesman. 36 month leases are very common and ensures your vehicle is covered under warranty for the entire lease....so they don't try the old 'extended warranty' bullsh1t.
#189 of 1385 Help with Jeep lease - please!
Nov 29, 2006 (5:34 pm)
I am very new to this and need advice. I am about to lease a 2006 Jeep Grand Cherokee Limited – MRSP 40,140.00 with $2000 down for $483.53 per month for 27 months, 12,000 miles per year. I am getting out of a Sienna lease one year early and the Jeep dealership is basically buying the Toyota for the $20,900 buy off quoted.
Is this a fair deal?
#190 of 1385 Car-man ... question about a lease.
Nov 30, 2006 (4:39 am)
Carman... need some advice. I am running the math on leasing a new 2007 Grand Cherokee Laredo.
The car is a 2007 jeep grand cherokee laredo 2wd with the 3.7 liter V6 engine in the black clear coat paint. it is also equipped with cloth interior, am/fm/cd, and the entire 26e laredo pkg. the msrp is $28,580
I can purchase the car for $23,900 which is invoice less rebate less half of the holdback.
Based on this information can you figure the lease on a 36 month 15k mile 0 down situation.
I appreciate the help!
#191 of 1385 Re: Help with Jeep lease - please! [tilly]
Dec 03, 2006 (3:42 pm)
I dont know much about getting out of your old lease but I think it sounds a bit pricey. I leased a grand cherokee in 2004. 3 year lease, 15,ooo miles per year. I put 3,000 down and I am paying $234 a month. Hope this helps you compare
#192 of 1385 Re: Help with Jeep lease - please! [tilly]
Dec 07, 2006 (2:18 pm)
Greetings tilly. Why are you getting out of your Toyota lease so early? It is usually fairly expensive for consumers to get out of their leased vehicles well before their scheduled end dates. Unless you have a good reason for needing to get out of your Sienna lease right now, you would be better off waiting until you are closer to its scheduled end to get something new.
If you are set on getting a new Jeep Grand Cherokee now, I would be happy to give you my opinion of this deal. However, you never mentioned the selling price of the truck that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the Jeep that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
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