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Jeep Grand Cherokee, Car Leasing, SUV
#866 of 1176 Jeep Grand Cherokee 2012 Laredo X - what i got my lease for... good deal?
Feb 07, 2012 (3:05 am)
so i already signed a lease and am driving my car, but i figured i would post what i paid to see if this was a decent deal...
i am located in Long Beach, CA.
first off the vehicle
4x2 laredo X
trailer tow group
power single pane sunroof
430N media center
msrp on sticker with destination charge (925) - $37,060
total agreed sales cost - $34,000
theft code 3 year replace - $350
service/theft insurance -$674
GMAC administrative fee - $795
- gross capitalized cost -- $35819
i signed a 3 year 36000 mile lease
with $3000 cash down and $1500 cash rebate, my monthly payments are $411.54 including tax and the theft/service insurance...this is for 35 payments as my $3000 up front included the 1st months payment.
my buyout price after the 3 years is $21,400
does this sound like a good deal?
#867 of 1176 2012 Jeep Grand Cherokee Laredo 4 x 2 ; 24X package
Feb 15, 2012 (7:48 am)
Carman, thank you for all you do here!
I live in NE Florida, Can you provide me with the Lease Rate, and Residual (10k, 12k, 15k) for
2012 Jeep Grand Cherokee Laredo 4 x 2 ; 24X package. 24, and 36 months.
#868 of 1176 2012 Jeep Grand Cherokee Laredo 4 x 2 ; 24X package
Feb 16, 2012 (6:51 am)
Can any one help me with the info I requested on post #867. I have been negotiating the last 2 days and need help to make sure I get a fair deal.
#869 of 1176 Re: 2012 Jeep Grand Cherokee Laredo 4 x 2 ; 24X package [12chiro12]
Feb 16, 2012 (9:59 pm)
Not sure I can help, but I can share some info. as a followup to my previous post. I wasn't able to get the advertised $319 deal. What I do have is this - Laredo 4WD with E pkg and tow pkg. MSRP $32,515. Agreed price is invoice ($30,983) less rebate ($1,500) equals $29,483. At this moment, I don't know exactly what dealer and/or acquisition fees are in my $3,000 down payment, but I do know the 1st payment is in there and I do not have to pay anything over and above the $3,000 (it includes tag transer, etc.). I owe 35 payments of $332 plus 7% tax for $355 total payment. Residual is 52% of MSRP ($16,908). 12k miles/yr. Comment on your deal - $411 including tax with $3k down on a Laredo X doesn't sound too bad to me. I have no comment on the theft code or theft/service insurance costs. Your residual seems high which does produce lower payments, so that is good. Even though most of the lease payment is the depreciation [(agreed price less downpayment minus residual)/#payments], the finance fee [(agreed price plus residual)Xmoneyfactor] can vary a lot between customers and dealers. Note - the "downpayment" amount in the depreciation formula is only the portion of the downpayment that goes to reducing the capitalized cost of the vehicle and would not include any acquisition, gap insurance, dealer, or any other fees. Hope that helps - at least it is a response. Good luck.
#870 of 1176 Feb Lease MF & Residual
Feb 26, 2012 (7:18 pm)
Hey Car_Man thanks for the help on my Lexus Lease, I am looking at leasing a Jeep 4x2 Laredo X was wondering if you had the money factor and residuals for 3year/15k miles? Thanks again.
#872 of 1176 2012 JGC Base + U-Connect Lease Deal
Feb 29, 2012 (9:45 am)
I've been lurking on this great website quite a bit over the years, but never much of a poster. But, got what I think is a great deal and I wanted to make others aware of it in case they want to duplicate. Here it is...2012 JGC White/Black E pkg + Uconnect (brand new 14 miles)
Purchase Price $22,815
All Fees/Taxes $1,000 (so net net discount would be $4500)
Upfront Payment $802 (1st month pmt plus $500 - We didn't pay the $500 because we used the Realtor rebate available from Chrysler)
35 remaining payments of $302 (including tax, $283 pre-tax)
$395 Lease End Fee (buyout or return)
No security deposit
MF - .000679
RV - .51
Term 36 months/12k per year
There was no negotiating necessary to get this deal. It is what is advertised on the Dealer's website. The dealer was extremely professional and performed exactly as I had hoped they would. If you are interested, there are probably 6-8 more base JGC available at this price (only white and silver on the lot currently in base model - they have many other better equiped units/colors but lease deals aren't quite as good because the $5500 discount remains the same on all units). This deal will probably change a bit on March 1 with new residuals, etc, but will still be a good deal after that I suspect.
Dealer Name - Ed Voyles Jeep, Atlanta/Marietta, GA
Salesman - Jeremy Cloud, Internet Sales
I recommend these guys.
* For those of you interested in leasing, watch your back if it's Ally. They charge a huge fee ($2,500) at the end if you elect to buy the vehicle rather than turn it in.
Thanks and good luck!
#873 of 1176 Is anyone getting advertised lease deals?
Mar 02, 2012 (11:11 am)
The Jeep web site shows a lease for $419 plus $3500 down on a 12K/yr lease for a Limited. I've asked two different dealers in town and both say they have no idea how to get to those numbers and using the Ally web site, they are coming up with monthly amounts around $560. So do the deals on the website amount to deceptive advertising or do the dealers here not know, or care, what they're doing?
#874 of 1176 Re: Is anyone getting advertised lease deals? [louneiner]
Mar 03, 2012 (11:25 am)
I don't have the March lease figures, but I did get the figures for a limited in Feb before we did the base model deal above, and if you go with the Ed Voyles guys (if you are anywhere near Atlanta), by my math the $419 plus tax should be a layup. In fact, by my spreadsheet, you should be able to get there for about $1500-$2000 down, not $3500.
I'm not an expert here except out of necessity, so I would call Jeremy and tell him your interested in the deal Jay got, but on a limited and see what he can do for you. Watch that Ally buyout fee, it bit me in the rear, but Jeremy and Ed Voyles helped resolve this by switching us to US Bank.
PS - when we did ours a couple of days ago, jeep.com said $309 or $319 with $2500 down for a stripper + Uconnect. Our deal is $282 with $500 down. The deals are out there, you may just have to travel a bit.
#875 of 1176 Help. Is this a good lease deal?
Mar 03, 2012 (10:41 pm)
I'm looking for a little help. I'm looking to lease a Jeep GC Laredo X (26X package, 430N navigation, power sunroof, trailer tow) in Illinois and cannot tell if this is a good deal or not. I haven't leased before in Illinois and the taxes seem to be confusing me. I left the dealership with a printout of the figures that they ran.
Acq Fee: 795.00
Adj Res: 20,933.10
Trade #1 4,000.02 (4k for the trade on my honda, to payoff the 4k I still owe on it. Yuck)
Payoff #1 3,940.46
Tot Cap Red 1946.50 ?
Tot Init Pmt 3059.56 ?
Govt Fees 145.00
Total Taxes: 4,392.86
Doc Fee: 161.35
Monthly Payment: $513.06