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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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#355 of 538 2007 Jeep Grand Cherokee 4x4 by joshmmm Oct 25, 2007 (1:51 pm)
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! Replies to this message: carhawk1 (Oct 25, 2007 4:14 pm) themisn (Oct 31, 2007 6:04 am) carhawk1 (Nov 01, 2007 5:53 pm) Car_man (Nov 21, 2007 3:04 am)
#356 of 538 Re: 2007 Jeep Grand Cherokee 4x4 [joshmmm] by carhawk1 Oct 25, 2007 (4:14 pm)
Replying to: joshmmm (Oct 25, 2007 1:51 pm) We went with the 2008 Limited (Hemi, MyGIG Navigation and 18" Chrome Rims) for my wife.   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! Replies to this message: themisn (Oct 31, 2007 6:04 am) carhawk1 (Nov 01, 2007 5:53 pm)
#357 of 538 2008 Grand Cherokee Laredo 4x4 residual & money factor? by deejay2099 Oct 30, 2007 (3:29 pm)
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. Replies to this message: Car_man (Nov 21, 2007 3:13 am)
#358 of 538 Re: 2007 Jeep Grand Cherokee 4x4 [carhawk1] by themisn Oct 31, 2007 (6:04 am)
Replying to: carhawk1 (Oct 25, 2007 4:14 pm) Was that 5000 down or 5000 out of pocket? Did that payment include tax? Replies to this message: carhawk1 (Nov 01, 2007 5:53 pm)
#359 of 538 Re: 2007 Jeep Grand Cherokee 4x4 [themisn] by carhawk1 Nov 01, 2007 (5:53 pm)
Replying to: themisn (Oct 31, 2007 6:04 am) Not sure what difference is between down and out of pocket. We gave them a check for $5,000 as down payment. This included tax, title, license and also reduced the capital cost. The monthly payment is final payment that we will incur - including taxes, interest, etc.
#360 of 538 Nov 07 residuals and MF by rpenna Nov 10, 2007 (10:27 am)
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   Replies to this message: Car_man (Nov 21, 2007 3:35 am)
#361 of 538 Nov residuals by rpenna Nov 20, 2007 (1:55 pm)
Figured out the incentives, but still looking for November residuals/MF on a 36/39 month lease, 15k miles a year for a 2008 Grand Cherokee Limited 4x4 w/ 5.7L. Thanks.
#362 of 538 Re: Lease terms 2008 [douglasny] by Car_man HOST Nov 21, 2007 (2:47 am)
Replying to: douglasny (Oct 11, 2007 5:45 am) Ahhh, you were interested in info on the 2007 Grand Cherokee. Unfortunately, Chrysler is no longer providing lease support on 2007 models. You can still lease one through Chrysler Financial, but if you do you will have to use its standard lease program. You would probably be better off going with a 2008 model at this point if you want to lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#363 of 538 Re: Lease terms 2008 [carhawk1] by Car_man HOST Nov 21, 2007 (2:54 am)
Replying to: carhawk1 (Oct 12, 2007 5:14 pm) Hi carhawk1. You definitely will not miss the boat by waiting until November or December to lease your new Grand Cherokee. The $4,200 dealer discount that you were quoted looks very attractive to me, but Chrysler has dramatically increased its cash incentives on the 2008 Grand Cherokee since you made your post. It is now providing $3,000 lease cash plus up to an additional $750 regional bonus cash on this model. The MyGIG bonus is still there as well. Make sure to take these higher cash allowances into account when negotiating your lease. By waiting to lease, you are now closer to the scheduled end of your current lease plus the incentives that are available on the truck that you want actually increased.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#364 of 538 Re: 2007 Jeep Grand Cherokee 4x4 [joshmmm] by Car_man HOST Nov 21, 2007 (3:04 am)
Replying to: joshmmm (Oct 25, 2007 1:51 pm) Greetings joshmmm. Chrysler pulled the plug on its lease support on 2007 models. If you really want to lease, you would probably be better off going with a 2008 model at this point.   This truck's lease program varies by term and mileage allowance. You never mentioned how long you want to lease it for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 12,000 miles per year. Let me know if you want something different. Chrysler Financial's current 36 months buy rate lease money factor and residual value for a 2008 Jeep Grand Cherokee Limited 4WD with 12,000 miles per year are .00001 and 45%, respectively. The numbers for an otherwise identical lease of a 2008 Grand Cherokee Overland 4WD would be .00017 and 45%.   When negotiating your lease on these trucks, make sure to take the $3,000 lease cash and up to an additional $750 in regional bonus cash into account. The cash incentives will help you to negotiate an attractive capitalized cost for your lease.   You never mentioned the selling price or MSRP of the exact truck that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the Grand Cherokee that you are interested in for you if you let me know what these numbers are.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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