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SUVs Jeep Cherokee and Jeep Grand Cherokee Jeep Grand Cherokee: Lease Questions
538 messages, Last post on Nov 20, 2009 at 3:05 PM
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i'm in central NJ. i've been researching this truck, know prices, residuals, etc. MSRP about $44,000. i can get for 42990 - $7500 in rebates. so $35,490. figure $35,000. i didnt even talk in person yet. just by phone. narrowed down to 2 dealers. other was $40,000 + incentives, so i can get that also for about $35,000, possibly lower. most dealers only offered $4000-5000 on incentives. i am trading in a 07 mazda truck which they will give about $13000 for. i owe about 6,000 more than its worth  so that $6000 will have to be worked into lease. so with price of $35,000 + the $6,000, i'm lookin at final price of $41,000. i know not smart but i want this beast! the incentives end march 3 so i want to order 1 by end of february. they said about a month to come in. there are NO 09 SRT8s on lots anywhere. here's info: price-$41000. $1650 in fees. i'm willing to put another $1500 cash down so like $3150 due at signing. i will not get truck if they need more than this. the residual on 36 month lease with 12000 miles is 36% or $15,840. interest rate about 7-8%. what will payments be? i figured on a few lease calculators which seemed accurate and i get anywhere from $489 to $530 a month. my limit is $500 but i would prob take if i could get for $525. talked to a few idiot dealers and they were talking crazy prices. if we are in a recession, which we currently are, and chrysler is in deep trouble, begging for $4 billion as we speak, they should want to move anything. i'm not getting sucked into paying 600-800/mo just because its an SRT8. what do u guys think? i know chrysler doesn't lease. it would be through another bank. u would think right NOW is perfect time to try to get a deal on this truck....
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My lease on my 07 Grand Cherokee limited is up in 65 days (May 09). My residual is 22275. I called Chrysler Financial today and they told me they will not reduce the purchase price on any 07 grand cherokee leases. Is this true?
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Replying to: emerine25 (Mar 25, 2009 4:37 pm) My 07 GC limited lease is up on May 12th. My residual was the same (22275) and I was immediately offered 2k off w/o any negotiations. And then I was told as it nears expiration, they will offer even more of a discount to get you to buy it. Question for Car Man: Dealer said they now do leases out of "US Bank" (the fed?), whatever that means. But do you know what the money rate / residual they would offer for an 09 GC limited with: 27 / 36 months 10.5k / 12k miles
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Replying to: 70wash (Mar 25, 2009 8:15 pm) They've always been big into car leasing... |
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Replying to: emerine25 (Mar 25, 2009 4:37 pm) They were offering discounts on lease end purchases, but they stopped. I spoke with someone there several times, and I was told "well, we stopped offering the discounts but since you already spoke to us about it, we will honor the original discount" So, if you logged in to your Chrysler Financial account and actually looked at your lease end options, if the discount was ever there, you could probably get them to honor it. I don't know how they could prove whether or not you actually looked at this page, but if you call and tell them that you thought you saw a discount on the site, and why isn't it there any more, maybe they will go "ask a supervisor" and see if they can re-instate the discount for you. In my case, I did not request anything. The girl I was talking to on the phone somehow knew that I already knew, so maybe they either track where you click online, or there were notes on my account from when I had called in previously to ask about the discount? Good luck. |
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$20,000 is still too much for an 07 Limited. Im in a similar situation with my 07 Limted, except my lease is over in November. After looking online for used prices, checking Galves and Manheim / Adessa auction reports, I think I can get the car $14,000 - $14,500 in November with no problem. The 2011 has been introduced which hopefully crushed the resale the 07, and in August the 2010 is released. I also hope the auction lots are FULL of these things further driving the prices down where they belong. I am only paying $353 per month on a $40,000 sticker vehicle for 27 months. ($2,000 down) The rates were dirt cheap and the residuals were sky high when I leased. I just it 11,000 miles and the car is in top shape. Its worth $10,000 to $14,000 to me all day for what I need. Any higher, Ill go get another make of car. |
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Car Man, Could you provide the money rate and residual on a 09 GC w/ 24H package for 10k miles? Thanks in advance
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Live in NY Metro Area - currently have a lease that expires in Aug. I was quoted 419 a month for 39 mths w/ 10k miles per year. I would factory order now and get delivery sometime in June. Id lock in this price or get the better one upon delivery. What should i do order now or wait till July and hope that i can get a better deal with the 2010 coming out in Aug.
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Replying to: donnyjeffcoat (Apr 21, 2009 5:09 am)
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