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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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#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)
#320 of 538 Is this a good deal? by rmalloy1976 May 31, 2007 (9:05 am)
Is this a good deal? 2007 GRAND CHEROKEE ROCKY MOUNTAIN EDITION 4X4 MSRP $32,405 27 Mos 12000 MI/YR $315 a Mo w/2000 out of pocket including all fees and taxes and rebates.   Should I go for more? I also have supplier pricing which according to the sales man is figured in.   Thanks, Replies to this message: Car_man (Jun 19, 2007 1:26 am)
#321 of 538 Residual and money factor by mss1 Jun 08, 2007 (4:15 am)
Hi car man.   I was wondering if you could give me the residuals and money factors on a 2007 Grand Cherokee Overland 4x4 for a 24, 30 and 36 month lease all with 15k miles per year. Also, could you give me the same info on a 2007 Grand Cherokee SRT8?   Any insight as to whether Chrysler will continue incentives past July 2? Thanks in advance. Replies to this message: Car_man (Jun 19, 2007 1:33 am)
#322 of 538 Re: Residual Value and Money Factors [pbs0626] by Car_man HOST Jun 19, 2007 (1:14 am)
Replying to: pbs0626 (May 21, 2007 5:17 am) Hi Jen. Chrysler Financial's lease program for the Jeep Grand Cherokee varies by trim level. You never mentioned which exact model you are interested in, so for now I will assume that you want an '07 Grand Cherokee Laredo 4WD. Let me know if you want something different. Its current buy rate lease money factor and residual value for a 36 month lease of an '07 Grand Cherokee Laredo 4WD with 12,000 miles per year are .00102 and 43%, respectively. DaimlerChrysler is currently providing $3,500 lease cash plus an additional $500 bonus cash, $4,000 total on leases of this model. Make sure to use this cash to help you negotiate an attractive capitalized cost for your lease.   Car_man Host Prices Paid Forum
#323 of 538 Re: Grand Cherokee Limited 4WD Lease Payment [joab] by Car_man HOST Jun 19, 2007 (1:23 am)
Replying to: joab (May 21, 2007 5:21 pm) Greetings joab. The money factor that you were quoted for this truck is right in line with Chrysler Financial's buy rate for it. This is a good thing. Furthermore, a selling price of 1% below dealer invoice is very attractive. I see that you are considering making a $3,600 capitalized cost reduction on your truck. I personally always advise consumers against making large cap cost reductions on leases. Those how make them risk losing all or part of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with no cap cost reduction and having a slightly higher monthly payment. In case you are interested, I estimate that this truck's zero down, pre-tax monthly payment is around $519.   Car_man Host Prices Paid Forum
#324 of 538 Re: Is this a good deal? [rmalloy1976] by Car_man HOST Jun 19, 2007 (1:26 am)
Replying to: rmalloy1976 (May 31, 2007 9:05 am) Hi rmalloy1976. The fact that you qualify for DaimlerChrysler's supplier purchase program almost assures that you of getting a good deal on this lease. The $315 per month looks like a very attractive monthly payment for this truck to me.   Car_man Host Prices Paid Forum

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