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You are in the Prices Paid - Buying & Leasing Experiences
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Jeep Grand Cherokee, Car Leasing, SUV
Dec 15, 2007 (6:20 pm)
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 1400 2008 Grand Cherokee Laredo
Dec 20, 2007 (8:53 am)
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 1400 Re: 2008 Grand Cherokee Laredo [turbanski]
Dec 20, 2007 (3:50 pm)
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 1400 Re: 2008 Grand Cherokee Laredo [chigirlintexas]
Dec 20, 2007 (4:19 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 1400 Re: 2008 Grand Cherokee Laredo [turbanski]
Dec 20, 2007 (6:10 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 1400 Re: 2008 Grand Cherokee Laredo [naatz1]
Dec 20, 2007 (7:43 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 1400 Re: 2008 Grand Cherokee Laredo [turbanski]
Dec 21, 2007 (4:18 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!
#383 of 1400 Re: 2008 Grand Cherokee Laredo [naatz1]
Dec 21, 2007 (4:51 pm)
Drove GCL's today, V6 and 4.7 V8. The V6 has decent power and acceleration, but I decided to lease the V8. The deal breaks down like this.
MSRP: $34,195 (28E package)
Annual Miles: 10,500
Residual Value: $16,071.65 (47%)
Lease Rate: .00062 (1.488%
Selling Price: $32, 675.81
Cash Down: $3,000
Adjusted Cap Cost after all fees, tax title, 1st. pmt. etc.: $27,435
Monthly PMT. $340 (36 months)
I don't think I could do much better than this. I was at the dealership over 4 hours between test driving various vehicles and haggeling with the sales manager. I think they glad to see me go.
#384 of 1400 Re: 2008 Grand Cherokee Laredo [chigirlintexas]
Dec 21, 2007 (5:37 pm)
Ditto here. Saturn dealer (same dealer group as Jeep) could not help me. Monthly payment for base AWD Outlook ($31,400 MSRP) was $471.00 per month for 36 months with $2,500 cash down. Although their residual was high (63%), the interest rate was a very high 6.95%. No rebates or incentives as the Outlooks are selling very well. Went next door to the Jeep/Chrysler and the rest is history. Please see my previous post. Set to pick up JGC (Red Rock Chrystal) next Wednesday. Thanks and Merry Christmas to all.
#385 of 1400 Re: 2008 Grand Cherokee Laredo [turbanski]
Dec 21, 2007 (7:26 pm)
Congrats on the new Jeep; I'm sure you'll enjoy it! I love that Red--you'll be getting lots of looks in that baby.
Merry Christmas to you and all forum posters/lurkers!