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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

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


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#373 of 512
Re: Lease numbers on 08 2WD JGC [chigirlintexas] by fatboy8
Dec 10, 2007 (12:17 pm)
Reply

Replying to: chigirlintexas (Dec 07, 2007 1:53 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 512
Re: Lease numbers on 08 2WD JGC [chigirlintexas] by chigirlintexas
Dec 10, 2007 (6:03 pm)
Reply

Replying to: chigirlintexas (Dec 07, 2007 1:53 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
#375 of 512
2008 Jeep Grand Cherokee lease by mwag
Dec 12, 2007 (2:44 pm)
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Car Man
 
2008 Jeep Grand Cherokee Laredo
28 W package
4.7 L V8
Trailer Tow Class IV
P245 tires
 
msrp $34,530
sell to leasing company $30,550
 
3500 lease cash
 
I turned last lease in 6 months ago so no loyaly?
 
36 months
10,500 miles a year
money factor .00041
residual 52%
 
Payment $326.00
 
plus $600 out of pocket to me.
 
is the $750 dealer cash good in Michigan?
 
Is this an ok deal?
 
Thanks,
Mark Wagner
#376 of 512
2008 JGC Overland Deal by chigirlintexas
Dec 15, 2007 (7:20 pm)
Reply
Here's how my deal breaks down:
 
2008 Jeep Grand Cherokee Overland 2WD
MSRP: $40,890 (OWL tires the only added option)
Net Cap Cost: $31101
Sales Tax: $1944 (6.25% in Texas)
Total Cap Cost: $33045
Residual: $17,173 (42%)
Miles per year: 15K
Money factor: .00135
Monthly payment: $474.74/39 months
 
Paid first payment and registration down. We think we got a great deal and love the vehicle! Hope this is helpful to anyone considering a Grand Cherokee.
#377 of 512
2008 Grand Cherokee Laredo by turbanski
Dec 20, 2007 (9:53 am)
Reply
I am currently leasing a 2005 Chrysler Pacifica Touring AWD which is about to run out. I have tried to lease a 2008 Pacifica (any trim level) to no avail. The monthly lease payments even with $2500 down are off the charts. Apparently Chrysler does not want these vehicles back. My long time dealer is trying to steer me into a JGC Laredo lease because of the current incentives for this vehicle, ($4,500) in my case.
 
My question is this. Monthly lease payments with $2,500 down would be $325+/- for a V6 model vs $350 +/- for a V8 (4.7). I am leaning toward the V8. as the 210 HP V6 seems under powered for a 4,500 lb vehicle. Dealer currently has about 20 V6s in his inventory, but only two 4.7 V8s and two Hemi's at $40,000+. Can anyone out there convince me to spend the extra $25/ month for the 4.7 V8. Thanks in advance for your input.
#378 of 512
Re: 2008 Grand Cherokee Laredo [turbanski] by chigirlintexas
Dec 20, 2007 (4:50 pm)
Reply

Replying to: turbanski (Dec 20, 2007 9:53 am)

I guess the questions I would ask you regarding engines would be:
 
1) Do you haul (with trailer) things on a regular basis? If yes, go with the V-8.
 
2) Do you like to hit the gas and feel the response? Get on expressways frequently? If yes, go with the V-8.
 
I had a V6 JGC rental for a week, and it really wasn't bad in terms of response, but after driving the V8, I knew my "need for speed" would require the larger engine. We also occasionally have to haul things, and since I don't have a long commute, gas mileage is not as big a factor for me (please no bashing, environmentalists!).
 
I personally would opt for the bigger engine for the extra $25 since the gas mileage really isn't that much worse, but I'm one of those who likes to feel the response when I am getting on the expressway. I didn't plan on ending up with the Hemi, but to get a vehicle with navigation, the only one in the area was an Overland, so now I am loving the growl of this big boy, and watching the fuel gauge drop almost before my very eyes....
 
Either way, I think you'll enjoy the vehicle. Good luck with your decision!
#379 of 512
Re: 2008 Grand Cherokee Laredo [chigirlintexas] by turbanski
Dec 20, 2007 (5:19 pm)
Reply

Replying to: chigirlintexas (Dec 20, 2007 4:50 pm)

Thanks for the response. I don't do any trailer haulin but I do like a quick and safe merge from an on ramp or pass a semi quickly on the interstate rather than hang there like some people. According to the window stickers, both engines are rated at 19 MPG highway so thats not an issue. Chalk one up for the V8.
#380 of 512
Re: 2008 Grand Cherokee Laredo [turbanski] by naatz1
Dec 20, 2007 (7:10 pm)
Reply

Replying to: turbanski (Dec 20, 2007 5:19 pm)

I got an 07 closeout w/4.7 as well 6 weeks ago and am very satisfied, getting EPA mpg of 15/20 city/hiway. I need to haul a 3k lb fishing boat/trailer in summers so the new V6 was not quite enough torque. I sold my 01 with 4L I6 to my son and it was rated to tow 5k lbs although that is a stretch. The V8 really isn't much worse mpg and I can also use E85, currently $2.10/gal in MN vs 2.85 for gasoline. Enjoy!
#381 of 512
Re: 2008 Grand Cherokee Laredo [naatz1] by turbanski
Dec 20, 2007 (8:43 pm)
Reply

Replying to: naatz1 (Dec 20, 2007 7:10 pm)

Many thanks to you also. 15/20 city highway is exactly what I am getting with the Pacifica AWD. Overall MPG per computer is 17.7 MPG. E85 is not widely available here in western NYS, although two ethanol producing facilities are currently under construction within 25 miles of Buffalo. Current price of 87 octane locally is $3.19 to $3.29/ gal. and about $.20 per gallon less on the Indian Reservation.(no nys tax) I am also looking at the Saturn Outlook AWD which is very close to the Pacifica in overall size and performance. However, no lease quotes yet.
#382 of 512
Re: 2008 Grand Cherokee Laredo [turbanski] by chigirlintexas
Dec 21, 2007 (5:18 pm)
Reply

Replying to: turbanski (Dec 20, 2007 8:43 pm)

I drove an Outlook a few weeks ago, but the lease programs on those were not nearly as aggressive as on the JGC. Like you, I got the $4500 in incentives, a decent lease rate, plus the dealer was willing to negotiate much more than the Saturn guy. For the equivalent Saturn (with leather, nav, etc.), my payment would have been much higher than what I ended up with on the Jeep.
 
I felt a little cramped in the Saturn (I'm 5'11, hubby is 6'3") and l prefer being higher up for visibility. The Saturn is smooth, no doubt, but I personally liked the trim/finish in the Jeep better. The wood trim in the Outlook looked fake and cheap, IMO, and I just couldn't get excited about it. I am loving the Jeep--the higher ride, the V8 power, the interior look....what can I say? I looked with an open mind, but just couldn't find anything I liked as much as the Jeep for the $$$.
 
Let us know what you end up doing, and good luck!

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