Last post on May 20, 2013 at 11:34 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Jeep Grand Cherokee, Car Leasing, SUV
#941 of 1130 Serious problem w/ 2012 Grand Cherokee Laredo
Jul 30, 2012 (7:07 pm)
I leased a 2012 Grand Cherokee Laredo Altitude 4x4 5.7L from Lithia about 10 days ago. The price is great: MSRP ~$42K. The price before TTL is ~$36K which is used to calculate the down payment and monthly payments.
However, there's a serious problem that I identified after I drove it a couple days. The RPM would go up to 4k+ while the car was not gaining much speed (40-50 miles per hour), each time after I drove the car for 30-60 minutes. The only thing I did was turning on the air conditioning, before or while I was accelerating on the ramp to get onto the highway - then there's noticeable increase with the RPM to 4K+ while other parameters remained about the same. Typically the RPM stays in 1K to 2K range. The typically toggling "ECO" indicator disappeared. It seemed that the 8 cylinder mode is running. There must be something wrong with the transmission, or some sensors.
I have a couple of questions:
1) the lease is with the Ally bank. Should Ally, Chrysler, or the Lithia dealer be taking care of the problem?
2) This is a brand new Jeep. When I leased it, the mileage is less than 50. Is this considered a lemon car such that the lease should be invalidated?
3) I called the dealer. they were hesitating that I use the 24-hour assistance/towing service. they said they will have the service department to pick up the Jeep tomorrow. Do you think I should actually insist on using the Jeep 24-towing service, and/or tow the car to a different dealer (5 miles away) so that they can independently check the Jeep?
thanks for your help.
#942 of 1130 Re: Jeep Grand Cherokee 4x4 GAS MILEAGE [danimal77]
Jul 31, 2012 (12:26 pm)
Real life experience with GC Laredo 4X4 with 4.7 liter engine is 14 city and 21 highway on a good day. I love the car and it tows nicely but its thirsty versus other cars but it will tow 6500 lbs. Try that with your Honda Accord!
#943 of 1130 Re: Serious problem w/ 2012 Grand Cherokee Laredo [amzn]
by Car_man HOST
Jul 31, 2012 (4:07 pm)
Hi amzn. Both Chrysler and Ally are going to tell you to take your vehicle back to the dealership to get it checked out. If there is a transmission problem, perhaps it is a known issue that the dealer can fix relatively easily. Let's hope. If you are uncomfortable driving it to the dealer, you probably can have them tow it in.
You won't be able to have your truck declared a lemon until this probably persists for quite some time with several unsuccessful attempts by the dealer to repair it.
Prices Paid: Buying & Leasing Experiences Forum
#944 of 1130 2012 Jeep Cherokee Altitude Lease - August
Aug 02, 2012 (10:58 pm)
Can you please post residuals and money factors for a 2012 Jeep Cherokee Altitude 4X2 and 4X4 for 39 months 15k/yr. Is there a residual change for a V8 or V6 as well. The availability of these cars are light so I have to be pretty open.
Also do you know of the lease incentives or rebates.
Thanks for all your help Car_Man you are a life saver!
#945 of 1130 Re: Serious problem w/ 2012 Grand Cherokee Laredo [Car_man]
Aug 03, 2012 (7:58 pm)
Thanks very much Car_man for your note. I had the dealer looked at the car, and they couldn't replicate the problem. I picked up the car this afternoon and drove it for 3 hours and didn't see the issue that I had several days ago. I'll just assume that the problem is gone. Plus I can always manually shift up the gear levels if the problem happens again. Before the Jeep, I had a two-year lease of a Ford Fusion, which at one time locked itself and couldn't move on the highway. I took it to the dealer but they never figured out what happened. The problem never happened again. I'll just assume that this Jeep issue is a one-off thing. Other than that, I like the Jeep very much and have been enjoying driving it.
#946 of 1130 Is it a good idea to buy my grand cherokee
Aug 09, 2012 (4:33 pm)
Hi guys, I need some feedback on whether it is a good price to buy at the end of the lease. I leased a 11 grand Cherokee limited with just about everything. Msrp was $44500 $1700 out of pocket includes all costs, tax, ect and my monthly is $509 36 months 12000miles yearly, so the buyout is $19700 after the lease the negotiated price was around $34000 minus the lease payments equaling the buyout price. Would anybody buy it for that price of $19700. Thanks
#947 of 1130 Re: Jeep Grand Cherokee 4x4 GAS MILEAGE [danimal77]
Aug 10, 2012 (4:03 pm)
Hi danimal77, I am shopping for a GC Laredo with the E package in Ohio and I think that dealer's lease prices are very good . Could you please let me know which dealer you were working with? Many thanks!
#948 of 1130 2012 jeep laredo lease question
Aug 11, 2012 (8:12 am)
i've never leased a car before so I'm looking for some guidance here. i came across several lease agencies offering a 2012 jeep laredo for about 350 for 36 mo including all fees/taxes and nothing down. i'm responsible for my 1st months payment. does this sound like a good deal? has anyone had any experience with lease agencies before? how are they able to offer a better deal than the dealers?
#949 of 1130 Ally Bank/Residual/End of lease price
Aug 15, 2012 (5:04 pm)
Just an FYI. I wasn't as knowledgable as I am now but I noticed that Ally is sort of hiding an expense and I'd like everyone to know. This happened to me with the 2011 JGC. To sum it up with whole numbers to make it understandable. My JGCLX was 36000. The residual ( How much worth afar 39 months ) is 19000. Between the adjusted cost and taxes and interest you can figure out the payment. The issue here is that they lower the residual to around 54%. You pay 17 out of 36k and they claim the vehicle is only worth 19k after 39 months which is low so you do more principle paying than you should. Then after that, on the bottom of the agreement is that at the end of the lease, the purchase price is 21,500k. That's not the price of the residual. If you buy it you will pay 2500 more than what it's worth and what you should owe. Who will do that? So YOU pay 2500 extra than what is probably the REAL residual. The bank sells it to the dealership for more than 1900. They make money, then the dealership sells it. Total scam. If you want my JGCLX for the next 27 months. 409 per mnth. Take it from me not them. NYC. I wonder if the dealership pays taxes on the purchase from the bank? I bet not!
#950 of 1130 Money Factor & residual on GC Overland
Aug 20, 2012 (6:08 pm)
Could you please provide me with the MF and residual on a 2012 GC Overland V8? My understanding is that Jeep uses several financing instructions. Thanks for your help.