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Jeep Grand Cherokee Lease Questions
512 messages, Last post on Aug 20, 2008 at 2:43 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (May 14, 2007 3:18 am) 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
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Replying to: pbs0626 (May 21, 2007 6:17 am) Sorry, this is for a 2WD. Thanks, Jen from NC |
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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
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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,
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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.
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Replying to: pbs0626 (May 21, 2007 6:17 am) Car_man Host Prices Paid Forum |
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Replying to: joab (May 21, 2007 6:21 pm) Car_man Host Prices Paid Forum |
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Replying to: rmalloy1976 (May 31, 2007 10:05 am) Car_man Host Prices Paid Forum |
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Replying to: mss1 (Jun 08, 2007 5:15 am) Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Jeep Grand Cherokee SRT-8 4WD with 15,000 miles per year are .00294 and 53%, respectively. The numbers for an otherwise identical 30 month lease are .00319 and 49%. Its 36 month numbers are .00319 and 46%. I highly doubt that DaimlerChrysler will extend its July lease program past 7/2. If it does extend it, it will probably only be for a few days. I suspect that Chrysler Financial will publish new lower residual values for most vehicles that it leases for the third quarter. DaimlerChrysler will then have to decide if it wants to increase its lease support to maintain the lease payments that it is currently featuring on its vehicles. Car_man Host Prices Paid Forum |
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Car_Man Can you please let me know what types of pre-tax lease payments to expect for the following: GC Limited MSRP $39500 Affiliate Rewards (1% below factory invoice) $3500 Factory Rebate $500 Maximize Miles $1000 Rebate for Limited Pull forward for 3 months 12,000 miles 27 month lease (or others if cheaper) Thanks for any help.
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