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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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#310 of 538 Invoice by reddog522 Apr 22, 2007 (3:09 pm)
Any one know the invoice price on Grand Cherokee laredo, 26x and the NAV system.   Any help would be appreciated.   thanks. Replies to this message: Car_man (May 14, 2007 2:22 am)
#311 of 538 Re: 07 Grand Cherokee Lease Prices [msully1090] by mf15 Apr 25, 2007 (4:59 am)
Replying to: msully1090 (Apr 22, 2007 4:17 am) I think the residuals are a lot lower now than they were in 04,and or lease support is less. My 04 lease is 281 month for a basic 4x4 GC. Old Mike Replies to this message: crepitus (Apr 25, 2007 5:59 am)
#312 of 538 Re: 07 Grand Cherokee Lease Prices [mf15] by crepitus Apr 25, 2007 (5:59 am)
Replying to: mf15 (Apr 25, 2007 4:59 am) we went to the dealer the other day looking into a lease since my wifes will be up in a month. they quoted 100 more a month. for a jeep? i dont think so. plus i didnt know they are all wheel drive now. i dont think it drove as nice as her 04. i think we will be going hoonda pilot. its actually cheaper with the same equipment. and its a honda.
#313 of 538 Help with my leasing issue by sondra3 Apr 25, 2007 (11:52 am)
I have an unfortunate situation. I leased my '04 JGC Columbia Edition and ended up going way over mileage because of a job situation. The mileage penalty will be around $4500 (I'm at 70K miles). I could purchase the car for $15,500 but that is more than what it's worth with 70,000 miles. If I were to purchase it, I'm sure I couldn't recover the same amount if I then went to sell it privately...   So I'm trying to figure out what to do: lease or buy a new one. Frankly I'd like a car with better mileage but I'm screwed on the $$$ numbers no matter what I do so I figure I'll just get another JGC.   The dealer in Norwalk, CT offered me an '07 JGC Laredo "X" edition, MSRP of $34,730, with $1000 lease loyalty reduction, $3500 regular lease cash, and $500 bonus cash, for $455/month with $1200 down and 18K miles per year (totaling 58,000 for 3 years). Buyout is $12,750.   I *do* have the ability to buy instead of leasing again. As for my mileage usage for the next few years, hard to predict - it could go up or down If I buy the '07, I'm not sure what kind of payments I should expect or be going for. In any case, I'm not really sure if I should buy or lease. Whether I lease a new car or buy a new one I have the mileage penalty. If I buy mine, I'm stuck paying $15,500 for an '04 Jeep with 70,000 miles! (I do love the car). I'm so confused.   Any help on any of this is really appreciated!
#314 of 538 Re: Need a new jeep [mf15] by Car_man HOST May 14, 2007 (2:15 am)
Replying to: mf15 (Apr 17, 2007 8:50 am) You're right, Old Mike. The Grand Cherokee's residual values are not nearly as attractive today as they were several years ago. On a related note, I just read that DCX finally sold off the Chrysler Group. I personally wouldn't want to buy a domestic automaker, but a number of the aspects of the deal that Cerberus got look surprisingly attractive to me.   Car_man Host Prices Paid Forum
#315 of 538 Re: Residual Value and Money Factors [delson1] by Car_man HOST May 14, 2007 (2:18 am)
Replying to: delson1 (Apr 18, 2007 7:23 am) Here you go, delson1. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Jeep Grand Cherokee Limited 4WD with 10,500 miles per year are .00097 and 56%, respectively. The numbers for an otherwise identical 36 month lease are .00172 and 49%. When negotiating your lease on this truck, make sure to take the $3,500 lease cash and $1,000 bonus cash that DaimlerChrysler is currently providing on it into account.   Car_man Host Prices Paid Forum Replies to this message: pbs0626 (May 21, 2007 5:17 am) pbs0626 (May 21, 2007 5:18 am) Car_man (Jun 19, 2007 1:14 am)
#316 of 538 Re: Invoice [reddog522] by Car_man HOST May 14, 2007 (2:22 am)
Replying to: reddog522 (Apr 22, 2007 3:09 pm) Hi reddog522. You can look up the exact dealer invoice price of the truck that you want by visiting the following section of this site: Edmunds.com - New Vehicle Pricing.   Car_man Host Prices Paid Forum
#317 of 538 Re: Residual Value and Money Factors [Car_man] by pbs0626 May 21, 2007 (5:17 am)
Replying to: Car_man (May 14, 2007 2:18 am) Hi Car_man,   Could you please provide the money factor and residual for 07 Jeep Grand Cherokee and current rebates with the following:   Package 26x MSRP $32,725 36 or 39 months 12K miles Dealer said they would sell at invoice which is $30,423 less any rebates.   I live in NC, if that makes a difference.   Thanks, Jen Replies to this message: pbs0626 (May 21, 2007 5:18 am) Car_man (Jun 19, 2007 1:14 am)
#318 of 538 Re: Residual Value and Money Factors [pbs0626] by pbs0626 May 21, 2007 (5:18 am)
Replying to: pbs0626 (May 21, 2007 5:17 am) Car_Man,   Sorry, this is for a 2WD.   Thanks, Jen from NC
#319 of 538 Grand Cherokee Limited 4WD Lease Payment by joab May 21, 2007 (5:21 pm)
Hi Car_man,   Can you please let me know whether the lease number that I get from my dealer is reasonable? I am interested in leasing with 15,000 mileages per year and I am told that the best deal is 39-month lease, with residual of 45% and money cost of 0.00183.   The car I am interested in is a Grand Cherokee Limited 4WD with 25H Package (Hemi engine), Navigation / Rear back up Camera   MSRP 42,195 Affiliate rewards price: 38,667 (1% below invoice) Cap Cost: 34,167 (include 4,500 cash rebate)   I am quoted 423.88 monthly lease payments with 5,500 due at signing, which include all the fees and 1st month payment.   I am in CT with 6% sales tax, unless I miss some fees, my cap cost reduction should be around 3,628 with the following calculation:   Amount due at signing: 5,500 1st month lease payment: 423.88 * 1.06 = 449.31 Affiliate rewards administration fee: 75 Conveyance Fee: 247 Registration Fee: 183 Bank Fee: 700 Amount due minus all the fees above is 3,845.69 after tax and that correspond to 3,628 pre tax.   My monthly lease should be: Depreciation fee: (cap cost 34,167 – cap cost reduction 3,628 – (msrp 42,195 * 45%)) / term 39 = 296 Monthly Finance Fee: (cap cost 34,167 – cap cost reduction 3,628 + (msrp 42,195 * 45%)) * money cost 0.00183 = 91 Monthly Lease payment = 296 + 91 = 387 + 23 (6% tax) = 410   Can you please tell me whether I am completely off?   Thanks a lot for your help Replies to this message: Car_man (Jun 19, 2007 1:23 am)

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