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You are in the Prices Paid - Buying & Leasing Experiences
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Jeep Grand Cherokee, Car Leasing, SUV
#448 of 1385 Lease Money Factors
Feb 20, 2008 (7:07 am)
Help! I've sold my car and they pick it up on Friday. I'm thinking of a few vehicles so if you notice this post in different vehicle areas, please don't get confused. Specifically I'm looking for Tier 1 and Tier 2 MFs. Because of an accident and being out of work, my credit in the past year went from 760 to 541. Fortunately this past couple of months I paid ALL of my outstanding debt ($40k+) other than my mortgage so I'm expecting a bump up in the next couple of months since I have virtually no debt. In any case. I'm trying to find out the difference between Tier 1 and Tier 2 rates to figure out if it's worth it to rent a car for the period until my credit goes up to the Tier 1 rate. Sorry about the length. Anyway, here are the specifics on the vehicle(s):
Area: Southeast (Atlanta)
2008 Jeep Grand Cherokee Limited 4x4 / 2008 Jeep Grand Cherokee Overland 4x2
MSRP: $40,325 / $39,800
Term: 24 Months
I have a spreadsheet that I've worked up for all of my leases but I'm having a hard time finding the MF rates. If you could provide both Tier 1 and Tier 2 that would be great. Thanks!!!
#449 of 1385 JGC 2008,new lease
Feb 21, 2008 (12:34 am)
I'd like to get some advice regarding following:my current lease on JGC'06 Laredo 4x4 is up on 04-01-08.I'm 12K below my contract agreement, Should I continue with my lease on month-to-month basis after April1? Should I negotiate another reduction on price based on 0.20/mile X12K?. What are the opinions on incentives for the month of March?
Thanks in advance.Sasha7
#450 of 1385 Leasing an GC Overland - what's New(day)?
Feb 27, 2008 (3:29 am)
I had a quick question that maybe someone can help with.
My wife and I are returning a 2006 Liberty lease for a 2008 Overland lease. It's being built right now... but I was trying to find out what the "New Day" special is on the Overland model... the Jeep website shows MyGIG for the Limited, but according to all the books, it's supposed to be standard on the Overland. When I (mistakenly) e-mailed Chrysler from the link, I was told to ask the dealer (lots of help there, huh?) and the dealer said it's too new for them.
Anyone have any ideas?
#451 of 1385 Re: Leasing an GC Overland - what's New(day)? [ksmith76]
Feb 28, 2008 (9:18 am)
According to Jeep web the offer is good for both the Limited and Overland models.
#452 of 1385 Re: Leasing an GC Overland - what's New(day)? [ronaldc]
Feb 29, 2008 (5:20 am)
Thanks. I noted that on the Jeep.com website. My only question is - what actually is the Overland offer? If the MyGig Infonav is already standard on the Overland (it has been since the start of MY2008), what is the offer?
I think it is a credit of $900 (the value of the offer in the Limited) but no one can tell me. That's why I was asking. Jeep was of no help.
#453 of 1385 Re: Leasing an GC Overland - what's New(day)? [ksmith76]
Feb 29, 2008 (4:15 pm)
It does not appear that a credit is being offered as part of the My GiG offer for the Overland. If you go to the build site, the $900 appears in the options list and then is credited along with the other discounts for the Limited. For the Overland it shows as standard equipment with no credit of any kind. The question still remains what, if anything, is being offered for the Overland as part of the New Day program. I called my local dealer where I leased my last three Jeeps and he did not have a answer.
#454 of 1385 Re: Leasing an GC Overland - what's New(day)? [ronaldc]
Mar 01, 2008 (2:12 pm)
thanks for making me feel a little less crazy. My car is to be ready on 3/6/08, so I'll see what "NewDay" has in store then. The internet rep from the dealer says it was ordered with the "New Day Package" but I don't think they know what that means, either. I was quoted a "special" MSRP that happened to be $900 less than the usual... coupled with supplier discount, military, returning lessee, and the cash back (which looks to have been upped for March) it seems that I should be getting over $10500 off MSRP!
I wonder what the residual is... and does anyone know if it's based on MSRP or what you pay after discounts?
#455 of 1385 Re: Leasing an GC Overland - what's New(day)? [ksmith76]
Mar 01, 2008 (5:51 pm)
It's based on MSRP and the lease term in months and built into the computer program the dealer uses to calculate your lease payments. See Post #383 for an example.
#456 of 1385 Re: Leasing an GC Overland - what's New(day)? [ksmith76]
Mar 02, 2008 (10:35 am)
Since the MyGig was standard on the Overland model, they reduced the msrp by $900.
I have a JGC Overland on order as well. It's scheduled to ship from the factory on 3/7. This will be my first Jeep and will replace a 2001 Infiniti QX4 with 180,000 miles on it and which I have owned since new, It was an excellent vehicle and I would buy another but they discontinued the QX4 model and I don't like the styling of the FX45. Hope the Jeep turns out to be as good and last as long.
#457 of 1385 Good deal on lease?
Mar 07, 2008 (12:22 pm)
Looking to lease another Jeep Grand Cherokee Laredo 4x4 as my lease runs out in a few weeks. Want the base 4x4 with Customer Preferred Package 26X, Trailer Tow Hitch (Class III or IV), and Sirius Satellite radio. 10,500 miles per year 36 month lease, dealer quoted $369 with $1895 down. Said another ~$50/month to have $0 down. Currently see a $4000 cash allowance, $1000 returning lease, and $500 region cash. Is that rate good or can the dealer do better?