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Jeep Grand Cherokee: Lease Questions

538 messages, Last post on Nov 20, 2009 at 3:05 PM
You are in the Jeep Cherokee and Jeep Grand Cherokee Forum. Your Hosts are steve_ & tidester
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Replying to: ejv207 (Jul 12, 2008 10:34 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: gtylers (Jul 22, 2008 7:43 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Jul 25, 2008 2:22 am) In NJ: MSRP $41,860.00 Selling Price $40,323.04 Rebates: $8250.00 total ($6,500 lease cash, $1,000 bonus cash, and $750.00 in lease loyalty) MF: .00043 Residual: 44% 36 Months/12,000 miles per year. Tax Title and License included in payment ($1600.00 Sales Tax, $290 Reg Fees, $7.50Tire Fees, [$700 acquisition fee, $160.50 Supplemental Title Fee (Read Dealer Profit)] $3379 Down, (includes 1st month), Monthly Payments $379. (I prefer lower payments) Total Payments: $16,665.00 When I did the calculations, the bottom line payments I got were around $341 with tax included but not other inception fees. I was shooting for $355.00, but looking to just close the deal we finished it up. I know I could have done better, (probably could have knocked another $20 bucks off the $379 monthly payment by getting a selling price closer to invoice, but at this point, I'm just glad to be done after spending the last month at dealerships. The Jeep is loaded, and I am satisfied with the terms and love with the HEMI. The total out of pocket from my 05 Jeep GC was $15,700 which was valued at around 33k. For $1,000 more in payments, I'm into a loaded $42k automobile. Hopefully, this info will help someone get a better deal by Aug 1st. Some other finance companies will almost surely offer leases in Chrysler Financial's place, but I doubt they will be this generous with the incentives. Good luck to all!
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Just leased a 2008 Grand Cherokee here in NY. The model is the Limited with the Hemi, Navigation ,Limited slip, skid plates and Chrome Wheels. List was $42,040, after the various discounts it came to $34,040. I got the 36 month lease 10,500 per year.Total up front taxes and fees came to $3600 and $305. per month which I think is a pretty good deal although the structure with regards to Taxes bothered me. I was charged Tax on all Discounts, total of $1700, I am not sure that is legal I know rebates from Factory are Taxed, but I thought Dealer Discounts were not, anybody know? The Dealer did hit me with the HARDEST SELL I have ever had for their Maintenance Package even going so far as saying No One could Service the vehicle Correctly. The Hemi required special additives and reduced mileage service. They even prefaced this by saying ALL Lease programs will end August 1, 2008 ( I guess that was to insure I would not back out after the Hard Sell) They said the Warranty would end up being VOIDED if the service was not done by their Department and with their special fluids. Maintenance they were giving consisted of usual Oil and Filter plus other Fluid changes as well as Tire Rotation and a Zillion Checks at a cost of 1k plus. I turned the Package down but it was a fight, I almost canceled the whole deal but since there are many other Dealers close by service is not a problem. What do other Forum members Think of the Deal and the Dealer Hard sell? Barrier
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Replying to: barrier (Jul 29, 2008 5:28 am) |
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Replying to: turbanski (Jul 30, 2008 8:11 am)
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Replying to: barrier (Jul 29, 2008 5:28 am) As for the service contract, that sounds like a load of cowpies that the warranty is voided if you don't do the service with them. The required maintenance for your vehicle is listed in the owners manual and you can get your Jeep serviced wherever you want. They are looking to make a buck by tacking on a premium on the CSC service contract. Go to the Jeep website and then the 'For Owners' Page, you will see a link to Service Contracts. Give them a call about a maintenance package, as you can buy that direct from Chrysler. Ask CSC how much the price is for scheduled maintenance for the term of your lease, I think they offer 3000, 3500, and 5000 service intervals. I'd love to know what the difference is between the two. One thing though, if you purchase the contract, you are required to have it serviced at one specific dealer (usually the one where you purchased it, but you can get the contract with whichever Jeep dealer you like). Even with the 3000 mile service schedule, you will need at most 10 oil changes, and a set of spark plugs at 30k miles, maybe some new wipers, and tire rotations. $1,000.00 is waaay to much for all that. Then they will charge you obscene amounts for things like fog lamp bulbs and brake pads which aren't covered under the scheduled maintenance. I got charged $60 by the dealer for a fog lamp bulb (I couldn't find the bulb at any store), then wised up and bought the other bulb on the internet: Autozone for $10. I'm a DIY type when it comes to oil changes, but had a maintenance contract for my last Jeep for the convenience and plan to do the same with my HEMI as well. I think they are well worth it if you have a busy schedule, but I'd make sure to buy direct from Chrysler. |
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Replying to: ejv207 (Jul 28, 2008 2:19 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: turbanski (Jul 30, 2008 9:10 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Aug 04, 2008 1:14 am) My local GM dealer is saying the same thing to financing. Not sure if they are trying to convince me or convince themselves. You just need to run the numbers. Maybe financing at 0% for 72-84 months you may get close to the same payment as leasing. |
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