1145 messages,
Last post on May 23, 2013 at 6:10 PM
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Jeep Grand Cherokee, Car Leasing, SUV
#888 of 1145 Current Lease quote - is it good?
by kefalonian1
Mar 25, 2012 (8:01 am)
2012 JEEP GRAND CHEROKEE LAREDO 4X4Base Price: $ 28,995
Customer Preferred Package 24X $5300
5.7-Liter V8 VVT Engine with Fuel Saver $1695
Laredo E group $2000
Power Single-Pane Sunroof $ 850
Media Center 430N SAT/CD/DVD/MP3 $395
DESTINATION CHARGE $ 825
TOTAL PRICE:* $ MRSP 40,060
Quote dealer gave me was
$7500 down payment (using trade in car)
300 per month for 36 months
Is this good deal? To me seems like high down payment. I tried to start off talking about coming up with an agreed purchase price of car and then figure out the rest but dealer just talked about down payment and monthly payment numbers only.
#889 of 1145 Re: Lease Deal...Comments welcome! [webicons]
by Car_man HOST
Mar 25, 2012 (1:57 pm)
Hi webicons. The lease rate that you were quoted looks good. The truck that you are interested in has a spread of around $2,200 between its full MSRP and its dealer invoice price. There's a $1,500 cash incentive available on it on top of that, giving you a total of around $3,700 to play with in your negotiations. From the looks of it, you're probably at around $1,000 over invoice. If you're in an area that has a decent level of competition, I would not be surprised if you were able to do better than that, but it's not like this is a horrendous deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#890 of 1145 Re: Lease Details [bgchar]
by Car_man HOST
Mar 25, 2012 (2:01 pm)
I certainly can bgchar. Ally's March buy rate lease money factor and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are 0.55% and 47%, respectively.
The numbers for an otherwise identical lease of a 2012 Grand Cherokee Laredo X 4WD are 0.4% and 50%.
When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that Jeep is currently providing on leases of these trucks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#891 of 1145 Re: march mf and residual [dman123]
by Car_man HOST
Mar 25, 2012 (2:02 pm)
Here you go dman123. Ally's March base lease rate and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee Laredo X 2WD with 15,000 miles per year are 0.6% and 49%.
Jeep is currently providing a $1,500 cash incentive on leases of this truck.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#892 of 1145 Lease Question
by alphacar1
Mar 26, 2012 (10:50 am)
Car_man,
I'm a first time lease guy, don't know much about leases. Could you please help run the numbers form me so I can have an educated idea of what to look for when i visit the dealer.
MSRP $31,900.00
Lease term 36 months
up front money $2500.00 plus TTR
do not know what my buy out is..... can you figure that out?
Again any help you can give to a newbie would be great. Thank you... Jerry
#893 of 1145 Re: march mf and residual [Car_man]
by bassmiesternj
Mar 29, 2012 (7:45 am)
Car_man,
In your opinion, how would a FICO score of 670 affect getting a lease for a 2012 JGC ?
I'm assumming it is easier to get approved for a lease vs a bank loan for a new or used car.
Your thoughts ?
#894 of 1145 Quote Thoughts
by simike
Apr 02, 2012 (5:40 pm)
Hey All,
Been looking at the Grand Laredo X package with nav dual sunroof and leather,
I got a quote today in NJ for
2500 due at sign covering fees etc,
12k 36 months at 350 + tax per mon
residual is 52 mf is 0001
Thoughts? I think its ok
Also any input on if the ride control selector is worthwhile, i plan on occasionally running on the beach with it.
#895 of 1145 Re: Quote Thoughts [simike]
by rad484
Apr 02, 2012 (5:53 pm)
I think that's a good deal and about the same as the one I secured in November. One consideration to make. The MF being .0001 essentially means you're at 0% interest. You're better off rolling the 2500 into the payments. Yes the payments will be higher but there's no reason to hand them 2500 upfront. You'd probably be looking at around 420+tax instead.
#896 of 1145 Feedback on this deal needed
by teddyboy
Apr 05, 2012 (4:52 pm)
2012 Jeep GC Laredo 4x4 Base: $28,995
Customer Preferred package 26x: $5,300
Laredo E Group: $2,000
Panoramic SR: $1,195
Nav: $395
Dest charge: $925
MSRP: $38,810
Lease Deal offered:
$429/ month
36 months
20K residual value
12K miles/year
$2800 due at signing (includes tax, title, etc)
Any feedback would be appreciated! Making the move this weekend.
#897 of 1145 Re: Feedback on this deal needed [teddyboy]
by pm22
Apr 06, 2012 (11:02 am)
You noted that th3 $2800 includes tax, title, etc. If you don't mind my asking, where are you located and what is the tax. I ask because I think that is a decent deal, but where I am (Illinois) the the lease includes taxes on the full negotiated price of the vehicle.