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Prices Paid: Buying & Leasing Experiences Jeep Grand Cherokee Lease Questions
538 messages, Last post on Nov 20, 2009 at 3:05 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Oct 11, 2007 1:34 am) 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! |
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Replying to: carhawk1 (Oct 12, 2007 5:14 pm) 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
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Replying to: coffeeman2 (Oct 13, 2007 4:33 am) |
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Replying to: carhawk1 (Oct 12, 2007 5:14 pm) |
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Hi, I am considering leasing a 2007 Grand Cherokee 4x4. V8 or Hemi. Limited for Overland. What should I be paying per month, what are the current money factors? How much should they be discounting the 07 now? Would getting an 08 make any sense? The mileage I think wouldn't much matter--the only reason I am considering leasing a new grand cherokee is because of the lifetime warranty and I am in Law School right now so low payments are key. I am toying between buying a used 01-04 vs. leasing, but I love that new warranty program having spent 3500 on a differential on my old grand cherokee. Also, does anyone have any thoughts on the differences between limited/overland or whether I should get a hemi? ps. anybody have experience getting out of Honda leases? I made a mistake and leased an accord 6 months ago and I hate it! |
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Replying to: joshmmm (Oct 25, 2007 1:51 pm) Money factor is 0.00001 Residual = 46% MSRP = $41,790 Sales Price = $35,451 + Tax/Title/License (There is a $1,000 rebate and also an incentive to dealers on MyGig Navigation) We put quite a bit down, $5,000, and our payments are $378/mo for 36 months (10,500 miles/yr) I drive a 2007 Grand Cherokee Overland (Yes, we love Jeeps). The 2008 Limited is very much the equal, here are some of the upgrades they made to the 2008 Limited since 2007: - Standard V8 has much higher output, over 300hp (We only took Hemi on our 2008 as they could not locate one with preferred options without) - Rear seats are heated (not available in 2007) - Mirrors on Limited or Color coded with body (2007's only had this for Overland) - Front Fascia much improved and fully matches body color (lower air dam on 2007 was black on Limiteds) - Interior upgraded, nicer control layout. - Dash display is totally new, very nice white digital look - Navigation system is upgraded with touch screen (MyGIG) If you buy, a 2007 might make sense. If you lease, then the 2007 would have a worse residual...might even have a lower lease payment with the newer 2008 in a lease. Payments are typically less with a lease than a new vehicle, but it is very important you maintain the vehicle and are careful not to exceed your mileage limits. Hope this helps!
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Hello Carman, hope all is well. I was hoping you could provide me with the residual and money factor for a 2008 Jeep Grand Cherokee Laredo 4x4. I want to do a 15K mile lease for 36 or 39 months. Thanks a lot.
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Replying to: carhawk1 (Oct 25, 2007 4:14 pm)
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Replying to: themisn (Oct 31, 2007 6:04 am) |
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Hello Car_man, I'm looking to lease an 08 Grand Cherokee Limited. Could you please provide November residuals and money factor for a 39 month 15k mi/yr lease? Thanks. Also, jeep.com is only showing a $500 rebate for a lease on an 08 limited gas engine, with no lease loyalty incentives. But, when I build one, their car configuration program is showing $3500 off. Do you have any insight into what the actual rebates are for november? The site lists 2 incentives: Grand Cherokee Limited/Overland (Gas engine) $500 Grand Cherokee w/gas engine (excl. SRT8) $3000 lease cash $1000 lease loyalty
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