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Jeep Grand Cherokee Lease Questions

1125 messages,  Last post on May 17, 2013 at 12:32 PM

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

Messages Page 92 of 113

#910 of 1125 2012 Grand Cherokee Laredo by thebigtuna79

Apr 21, 2012 (4:34 am)

Currently leasing a 2010 VW CC Sport with 18K miles that is in mint condition. Stopped off at my local Jeep dealership to trade it in on a 2012 Jeep Grand Cherokee Laredo 4x4 with Bluetooth (Convenience Package), Moonroof, Push Button start and Chrome Running Bars. MSRP on the truck was just over $34K. He was trying to sell me the car for just over $30K (about $3K off MSRP). Buyout on the VW was $17,986 and he offered me $18,500 (positive equity) but it seems im trying to get taken on the lease end, as the payments came out to $369 a month with 10K miles on a 36 month lease. Thats only with first month and DMV out of pocket (about $550 or so.
 
I told him I wanted to be at $350 a month with 12K miles, with only first month ($350) and DMV (approx $200) out of pocket. Thats with tax and everything included, and them taking me out of my VW lease and buying out my current car outright. Still waiting to hear back from dealer to see if they even want to do the deal, but if they do I will prob jump on it.
 
Oh residual was 52% (aweful) and MF was 0.0014 (i think)

#911 of 1125 Re: LAredo [chryslergroup] by thebigtuna79

Apr 21, 2012 (4:40 am)

Replying to: chryslergroup (Apr 19, 2012 7:33 am)
Lisa, nowhere on the website does it give this offer?

#912 of 1125 Re: Help appreciated [mom2addi] by nyccarguy

Apr 21, 2012 (4:52 am)

Replying to: mom2addi (Apr 20, 2012 12:05 pm)
Using the MSRP, residual, & selling price you provided me + the .0014 (3.36%) money factor provided by another poster (it can't be .4 as you stated), I plugged the numbers into leaseguide.com's calculator & got a pre tax lease payment of $499/month with a $0 cap cost reduction.
 
Where did you get your selling price from? You should plug your Jeep's options into edmunds.com here & make sure you are buying the Jeep for at least invoice, maybe less if there are incentives out there.
 
Good luck & let us know what you come back with.

#913 of 1125 Re: LAredo [chryslergroup] by ucla56

Apr 23, 2012 (10:07 am)

Replying to: chryslergroup (Apr 19, 2012 7:33 am)
Hey Lisa, Sounds good but I don't see the info. Any more help please?

#914 of 1125 Re: Walked out of dealership... Need help. [pm22] by Car_man HOST

Apr 23, 2012 (4:05 pm)

Replying to: pm22 (Apr 07, 2012 4:13 pm)
Wow 10.25% tax, pm22. I'll never get used to seeing that. Ouch.
 
Ally's April base lease rate and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee X 4WD with 12,000 miles per year are 0.4% and 52%, respectively.
 
When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#915 of 1125 Re: LAredo [ucla56] by Car_man HOST

Apr 23, 2012 (4:07 pm)

Replying to: ucla56 (Apr 17, 2012 4:30 pm)
Hello ucla56. Ally's April base lease rate and residual value for a 36-month lease of a 2012 Jeep Grand Cherokee Laredo 4WD with 12,000 miles per year are 0.4% and 52%, respectively.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#916 of 1125 Jeep Grand Cherokee Limited Lease Help! by jeepgc12

Apr 25, 2012 (8:41 am)

Hi,
 
This is my first time leasing and I need to make sure the deal is OK. This is for a 2012 GC Limited 4x4 3.6L V6 with Luxury Group II and 20" wheels.
 
MSRP $42,510
Negotiated Price $38,300
$2,452 due at start including first payment, plates, doc, and title
Monthly payments $456 + tax ($485 including tax)
10k miles per year / 36 month term
Money factor is .0055
Residual is 51%
Buy out at end of lease is $24,180
 
I have a 782 credit score, so paying 13.2% APR (.0055 MF) seems really high. How does that residual value compare? Per Truevalue.com, $38,300 is a great price for the car, but are these payments fair? What should I negotiate for?
 
Thank you!
Jim

#917 of 1125 Re: Jeep Grand Cherokee Limited Lease Help! [jeepgc12] by jeepgc12

Apr 25, 2012 (11:37 am)

Replying to: jeepgc12 (Apr 25, 2012 8:41 am)
To clarify, the interest rate used in the lease is 0.55%, not a .0055 money factor--the dealership misquoted me originally.
 
Thanks for your help!

#918 of 1125 Re: Jeep Grand Cherokee Limited Lease Help! [jeepgc12] by ucla56

Apr 25, 2012 (12:11 pm)

Replying to: jeepgc12 (Apr 25, 2012 11:37 am)
I'm confused about lease rate. What money factor does a lease rate of 0.4 equate to?

#919 of 1125 Re: Jeep Grand Cherokee Limited Lease Help! [ucla56] by jeepgc12

Apr 25, 2012 (3:08 pm)

Replying to: ucla56 (Apr 25, 2012 12:11 pm)
I believe a 0.4% interest rate equates to .000167 MF, and a 0.55% interest rate (mine) equates to a .000229 MF.
 
Apparently Allied no longer uses MF and instead uses interest rates because MF just confuses everyone!

Messages Page 92 of 113

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