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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

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


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#365 of 538
Re: 2008 Grand Cherokee Laredo 4x4 residual & money factor? [deejay2099] by Car_man HOST
Nov 21, 2007 (3:13 am)
Reply

Replying to: deejay2099 (Oct 30, 2007 3:29 pm)

Things are going very well, deejay2099. Thanks. Here's the info that you're looking for. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Grand Cherokee Laredo 4WD with 15,000 miles per year are .00041 and 44%, respectively. The numbers for an otherwise identical 39 month lease are .00091 and 43%. Don't forget to take the lease cash that I mentioned in previous posts into account when negotiating the cap cost for your lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#366 of 538
Re: Nov 07 residuals and MF [rpenna] by Car_man HOST
Nov 21, 2007 (3:35 am)
Reply

Replying to: rpenna (Nov 10, 2007 10:27 am)

Hello rpenna. Here's the information that you're looking for. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are .00068 and 45%, respectively. The numbers for an otherwise identical 39 month lease are .00120 and 44%.
 
As far as the cash incentives that are available on this truck go, Chrysler is currently providing $3,000 lease cash plus up to an additional $750 regional bonus cash on the '08 Grand Cherokee. Make sure to take this cash into account when negotiating your lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#367 of 538
Deal done by rpenna
Nov 21, 2007 (5:33 am)
Reply
Hi everyone,
 
Talked to my salesperson last night, this is the final deal, which I'll be taking:
 
2008 Grand Cherokee 4x4 Limited with 5.7L Hemi
 
36 month lease / 15k miles/yr
 
MSRP: $42,600
Residual: 45%
Cap Cost: $36,100 (includes $3500 in rebates)
Money Factor: 0.00021 (0.5%)
Additional Fees: $700 (I forget what this was, doc / dealer fee)
Total out of pocket: $1000
 
Monthly payment: $507
 
This includes 7.25% sales tax.
 
It seems like a good deal to me. They started at 37,200 which made the payment 536/mo. I pressed them for 495/mo but they would not budge. I wasn't going to kill the deal over $12/mo.
 
Thanks to everyone for their experiences, it was a great help going into the negotiations.
#368 of 538
Re: Deal done [rpenna] by Car_man HOST
Nov 26, 2007 (2:06 am)
Reply

Replying to: rpenna (Nov 21, 2007 5:33 am)

Hi rpenna. Congratulations on arriving at a deal that you are happy with on the Grand Cherokee that you are interested in. Thanks for taking the time to share the details with everyone. Make sure to stop by the new Dealer Ratings & Reviews discussion to share your thoughts on your recent dealer experience. Thanks again and enjoy your new ride .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#369 of 538
08 Gr Cherokee Overland Lease by christiands
Nov 26, 2007 (2:19 pm)
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We were going to get a Chrylser 300C loaded, but decided to stick with what we've had for years: a Jeep. People can slam gas mileage and everything else, but when we go "up north" in Michigan the capability is incredible. Anyway, this is our 5th new Jeep (Commanders and GCs) and this has to be by far the best deal we've made.
 
2008 GC Overland 4WD, only option white letter tires
MSRP: $44,325
Sale Price: $36,903
Net Cap Cost: $32,342 (liscense, acq, fees, taxes, rebates, 1st payment)
 
36 mos, 10,500 miles = 46% residual
Rebates total: $6,000 (we're eligible for everything including Employee price/bonus)
Monthly payment: $395 even including 6% tax
Money factor: .00077 (a little high, but I know why and still 1.8%!)
 
$0 due at signing "Sign and Drive"
 
I pushed the price down some, but didn't have too much to push. Detroit region by the way. If you can get all the rebates and the EP pricing, this is hard to pass for a $44k SUV.
#370 of 538
Money Factor & Residual for 08 Laredo by mattyo
Dec 06, 2007 (2:48 pm)
Reply
Hi Carman,
 
Can you let me know what the current money factor and residual should be for a 2008 Laredo lease for 36 mths and 15k miles in New York ?
 
Thanks
#371 of 538
Lease numbers on 08 2WD JGC by chigirlintexas
Dec 07, 2007 (12:53 pm)
Reply
Hey Car_man,
 
Since Chrysler Financial is offering such big incentives on the JGC right now, I am looking into a lease on one....so, if you wouldn't mind, please give me figures for
 
2008 2WD Jeep Grand Cherokee Ltd
15K/yr
36 or 39 months
w/Hemi and Nav
 
Also, what is the difference in residuals/money factor if I go with the Laredo, 2WD. Does the engine choice (V6 vs V8) impact the figures at all?
 
The GC Ltd I am looking at has an MSRP of 38,485....Incentives for me would be $4500, plus whatever I can negotiate. I am hoping to get them close to invoice, which, if I've estimated correctly, would put me in the low 400's for a payment (425-435), if I calculate the sales tax on the negotiated final price (which is what I've always had done in the past).
 
Thanks,
ChiGirl
#372 of 538
early lease termination by ronaldc
Dec 08, 2007 (2:18 pm)
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Car Man: Is Chrysler/Jeep currently offering an early lease termination (pull ahead) program? If so, how many months?
#373 of 538
Re: Lease numbers on 08 2WD JGC [chigirlintexas] by fatboy8
Dec 10, 2007 (11:17 am)
Reply

Replying to: chigirlintexas (Dec 07, 2007 12:53 pm)

I just bought a 2008 JGC 2wd Laredo, from a local Brooklyn Dealership
 
196 per month 27 months (payment includes the all taxes -high for NY)
I paid in total drive out the door money of $3450
10k miles per year
The car was automatic but with nothing else other then sirius satellite.
 
I really had to fight for this deal, so I don't think its common. MSRP was 28.5K think it was 8K off of MSRP and then the residual 15,500 after 27 months.
 
Did I get a good deal? Love the car, I've had other trucks before but I like this ones authetic feel.
#374 of 538
Re: Lease numbers on 08 2WD JGC [chigirlintexas] by chigirlintexas
Dec 10, 2007 (5:03 pm)
Reply

Replying to: chigirlintexas (Dec 07, 2007 12:53 pm)

Car_man,
 
Never mind.....I drove home in a new (2008) 2WD Grand Cherokee Overland on Saturday night....will post my figures soon. I got a great deal, love the vehicle, thanks to Edmunds for arming me with good info prior to negotiating!
 
ChiGirl

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