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Jeep Grand Cherokee Lease Questions

490 messages,  Last post on Jul 03, 2008 at 1:57 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#345 of 490
Re: Jeep Grand Cherokee: Lease Questions [lilcandykate22] by Car_man HOST
Oct 10, 2007 (3:56 am)
Reply

Replying to: lilcandykate22 (Sep 16, 2007 5:43 pm)

Hi Candy. I'm sorry to hear about your recent accident. At least it sounds like you are OK. While losing your vehicle is certainly inconvenient, your health is by far the most important thing. Unfortunately, given your young age and your lack of full-time employment you may have a difficult time financing or leasing a new Grand Cherokee without someone to co-sign your loan. If you cannot find a co-signer, you may want to consider just picking up a less expensive vehicle for now. You should be able to buy a low mileage used domestic car for a very reasonable price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#346 of 490
Re: Lease terms 2008 [coffeeman2] by Car_man HOST
Oct 10, 2007 (4:05 am)
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Replying to: coffeeman2 (Oct 03, 2007 5:59 am)

Hey coffeeman2. I posted this information for you a couple of messages back. let me know if you have any other questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#348 of 490
Re: Lease terms 2008 [Car_man] by douglasny
Oct 10, 2007 (2:29 pm)
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Replying to: Car_man (Oct 10, 2007 4:05 am)

Hi CarMan,
  
Please let me know the residual & money factors for a
  
GC Laredo E Package 36 & 39 month lease - 12,000 miles/year
  
GC Laredo Rocky Mountain Package 36 & 39 month lease - 12,000 miles/year
  
Thanks in advance as this is my first lease and the GC look to have attractive incentives right now.
 
Sorry if this double posts as I'm a newbie on the board.
#349 of 490
Re: Lease terms 2008 [douglasny] by Car_man HOST
Oct 11, 2007 (2:34 am)
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Replying to: douglasny (Oct 10, 2007 2:29 pm)

Welcome douglasny. Don't worry about the double posts. I deleted the other one. Since you have never leased before, 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.
 
Here is the specific information that you're looking for. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of any 2008 Jeep Grand Cherokee Laredo 4WD with 12,000 miles per year are .00002 and 46%, respectively. The numbers for an otherwise identical 39 month lease are .00028 and 45%. Make sure to take the $1,000 lease cash that is currently available on this model into account when negotiating the capitalized cost for your lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#350 of 490
Re: Lease terms 2008 [Car_man] by douglasny
Oct 11, 2007 (6:45 am)
Reply

Replying to: Car_man (Oct 11, 2007 2:34 am)

apologies but I was actually looking for the 2007 model #'s.
 
Please post when you have a chance.
 
Thanks a lot
#351 of 490
Re: Lease terms 2008 [Car_man] by carhawk1
Oct 12, 2007 (6:14 pm)
Reply

Replying to: Car_man (Oct 11, 2007 2:34 am)

Hello Car_Man,
 
I have been looking at a 2008 Grand Cherokee Limited.
 
Here is what I have been offered so far...
 
- MSRP = $40,650
 
- Offer is $34,647
 
Discount includes:
- $4,211 off MSRP
- $792 Dealer Cash for MyGIG (available to dealerships, but not advertised)
- $1,000 Lease Incentive
 
- Residual = 46% (36 month / 10,500 miles per year)
 
- MF = 0.00001 (yes, Four zeros. Supposedly there is a "top tier" lease program available by Jeep)
 
Am I a fool if I do not take this or do you think there will be better offers by the end of the year? We don't need a new car until Dec/Jan when our current lease is up, but I am afraid I may "miss the boat".
 
Thanks in advance for your feeback!
#352 of 490
Re: Lease terms 2008 [carhawk1] by coffeeman2
Oct 13, 2007 (5:33 am)
Reply

Replying to: carhawk1 (Oct 12, 2007 6:14 pm)

Hi Carhawk,
 
Sounds like a great deal. I thought the cash was for MyGig with navigation which has an MSRP is $1650. I'm wondering if they should be giving you more than $792
#353 of 490
Re: Lease terms 2008 [coffeeman2] by carhawk1
Oct 13, 2007 (7:26 am)
Reply

Replying to: coffeeman2 (Oct 13, 2007 5:33 am)

Thanks Coffeeman2. According to Edmunds, the 2008 MyGig has an MSRP of $900 and an invoice cost of $792. This was consistent with what the dealership also informed me. It would be hard to pass on that one, but I am pushing to see if I can get another $500 off...
#354 of 490
Re: Lease terms 2008 [carhawk1] by themisn
Oct 17, 2007 (6:54 am)
Reply

Replying to: carhawk1 (Oct 12, 2007 6:14 pm)

Isnt there now $3k cash allowance on the 08 limited grand cherokee? I was curious to see how those leases worked out.

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