this seems rather odd to me, but i have been told 2x in the past 3 days that Jeep dealers will not lease the GC SRT8, only finance

the first person who said it to me was a guy i know who looked into buying one (he ended up with a 2007 Yukon Denali) and the second was a salesman at a Jeep dealer in Long Island

also... i've noticed that depending on what zip code you enter on the Jeep website, it displays not only lease and finance, but also a third option for Plus Financing, which seems to be some kind of lease/finance hybrid

I'm not sure why they said you can't lease one....maybe the rates/residuals for 07 SRTs aren't out yet?

There is a difference between not being able to lease one period and not leasing out well. The SRT8 indeed, does not lease out well due to an average at best residual and standard rates.

It really pays to buy the vehicle, but that isn't to say you can't lease it. There are people with GC SRT8s that have leased them.

On a two year lease they wanted 1000 per month for an 06 3k down
What do you guys think?
DANK

What??? That is nonsense. My friend leased an 06 for a reasonable 500 (+/-) a month for 37 months, zero down...at least, that is what he told me. While I bought mine, it all boils down to dollars and sense....availability (not a problem, despite what some have said), MSRP, invoice, and residual value. Given that these factors are reasonable (and they are) why would a dealer care how they get their money?? The answer is, they do not. What might be happening is an attempt at gouging and fleecing by the dealer, based on the perception that the vehicle is hard to come by.....which it is not...just look around, in the day of the internet, shortages locally are easily overcome, and check out the huge SUV glut being suffered by dealers right now. Granted, the SRT8 is somewhat more exclusive than the garden variety GC, but don't be fooled, there are plenty to go around. If you get this con attempt, look elsewhere, you can also shop around by getting internet quotes from several dealers, and bringing these to your local dealer to see if he/she wants your business or not, if not, pursue the best deal/quote from the internet. Shipping can be done for under 1000 dollars from just about anywhere in the continental US, and the dealer can undercut that by virtue of volume. Keep looking, you will find what you are looking for at a reasonable price, and under reasonable terms (lease) I assure you. Good luck

if i could get a lease like that, SIGN ME UP
DanK

What??? That is nonsense. My friend leased an 06 for a reasonable 500 (+/-) a month for 37 months, zero down...at least, that is what he told me. k

I don't believe it for a second, unless he got the thing for $35k-36k.

Also never heard of a 37 month lease.

that 500.00 lease is BS. Car lease low when their resale value is high. That does not seem to be the case with American cars, even this Jeep. That being said, your payment in a lease is going to be high since in a lease you ride down the depreciation of the vehicle. If you had a low @ss lease payment on this car, after a few years your are going to be left with a high residual which would exceed what this car would be worth at the time. You are hence left with a smaller residual but have to make up for it with fat lease payment. My dealer wanted 850/month to lease. And when you lease you have nothing to show for it after 3 years. That is why this car is better to buy, which is what I did.

this seems rather odd to me, but i have been told 2x in the past 3 days that Jeep dealers will not lease the GC SRT8, only finance

the first person who said it to me was a guy i know who looked into buying one (he ended up with a 2007 Yukon Denali) and the second was a salesman at a Jeep dealer in Long Island

also... i've noticed that depending on what zip code you enter on the Jeep website, it displays not only lease and finance, but also a third option for Plus Financing, which seems to be some kind of lease/finance hybrid I have been leasing Jeeps for the last 12 years, including the srt I drove away 2 weeks ago. In fact the dealer bought out my last four months on the turn in. You are being feed a line of BS, I would not buy a kiddy car from any dealer that subscribes to that tactic, good luck.

if i could get a lease like that, SIGN ME UP
DanK
I am leasing my 06 GCSRT for 36mo. $2000 out of pocket, and am paying $714/month.

that 500.00 lease is BS. Car lease low when their resale value is high. My dealer wanted 850/month to lease. And when you lease you have nothing to show for it after 3 years. That is why this car is better to buy, which is what I did.
The reason I like leasing is because I get a new car every 3 years and still have $45,000 in the bank earning 5% interest. ($187.50 a month)

Candyman, That logic doesn't add up. You will be out $27,704 when your lease is up. At that point you turn the car in and have nothing. This vehicle would have to depreciate by 60 to 70% in that time period for you to get the better end of that deal. I am willing to go out on a limb and say that these SRT8's will be worth more than 15K 3 years out. In my Typhoon days, I actually could have turned a profit on my 3rd year of ownership. I was offered more money for it as soon as they discontinued them in 1994, for my 1992, than I had paid for it in 1992. Who knows, the same could happen to this vehicle. It definitely falls into the same class as the Typhoon, then tack on the gas costs now, and no more SRT8. I am not against leasing a run of the mill vehicle with mass production numbers, but it isn't smart money to lease a specialty vehicle like this if you have the ability to pay for it outright.

Candyman, That logic doesn't add up. You will be out $27,704 when your lease is up. At that point you turn the car in and have nothing. This vehicle would have to depreciate by 60 to 70% in that time period for you to get the better end of that deal. I am willing to go out on a limb and say that these SRT8's will be worth more than 15K 3 years out. In my Typhoon days, I actually could have turned a profit on my 3rd year of ownership. I was offered more money for it as soon as they discontinued them in 1994, for my 1992, than I had paid for it in 1992. Who knows, the same could happen to this vehicle. It definitely falls into the same class as the Typhoon, then tack on the gas costs now, and no more SRT8. I am not against leasing a run of the mill vehicle with mass production numbers, but it isn't smart money to lease a specialty vehicle like this if you have the ability to pay for it outright.
Your right, I tend not to look at the overall cost, I just look at the monthly cost involved. No matter how you look at it you seldom come out ahead when purchasing/leasing cars. I still like the fact that I get a new vehicle every three years and still have my money in the bank earning interest. Just my opinion. "BUY things that appreciate, LEASE things that depreciate."

Currently, Chrysler Financial has not released residuals or money factors for the 2007 SRT-8 Grand Cherokee.

However, the 24 month residual on a 10,500 mile lease for a 2006 Grand Cherokee SRT is 58% and has a money factor of .00294. 58% is a very strong residual, especially for a 2006 model year vehicle. For those that don't know, there is more to leasing than the residual. With the residual staying the same, the money factor can make a difference of 200 to 300 per month difference in payment.

well, here's where i'm at right now.....

i have my 2004 Infiniti G35 coupe which i still owe roughly $7000 on (it is financed). i'm in the process of selling off all my mods, which should end up being around $8-9k in cash.

should i take the money and pay off the loan on the G35, and then trade it for the Jeep, or just trade it as-is with a balance outstanding and give jeep the 8k cash, or does it not make a difference either way?

"BUY things that appreciate, LEASE things that depreciate."

It looks like candyman has been reading some Rich Dad / Poor Dad.

However, the 24 month residual on a 10,500 mile lease for a 2006 Grand Cherokee SRT is 58% and has a money factor of .00294. 58% is a very strong residual, especially for a 2006 model year vehicle.

Who drives 10,500 year? That's a bit light for many folks.

By your numbers (58% residual, .00294 (7.06% rate). A 24 month lease on an SRT8 (MSRP $45k, selling price example $42,500) with 10,500 miles would be $885/month with tax up front. Going by NY, taxes might be configured differently depending on state.

Need more mileage? The lease would be even higher.

Who drives 10,500 year? That's a bit light for many folks.

By your numbers (58% residual, .00294 (7.06% rate). A 24 month lease on an SRT8 (MSRP $45k, selling price example $42,500) with 10,500 miles would be $885/month with tax up front. Going by NY, taxes might be configured differently depending on state.

Need more mileage? The lease would be even higher.

The residual on a 15k mile per year lease for 24 months is 55% and 54% for 18k miles. Still, not bad at all for a previous year model.

G35, in reference to you question



It is always better to be in one debt vs two. It ll be better for your credit to show that you paid off the car. I dont know what your rates are but they dont give great rates on the srts, even with excellent credit. I would pay off the G and make sure you get the max money for those mods;)

Good luck with everything

well, here's where i'm at right now.....

i have my 2004 Infiniti G35 coupe which i still owe roughly $7000 on (it is financed). i'm in the process of selling off all my mods, which should end up being around $8-9k in cash.

should i take the money and pay off the loan on the G35, and then trade it for the Jeep, or just trade it as-is with a balance outstanding and give jeep the 8k cash, or does it not make a difference either way?

I would take the cash from your sales and pay off the G35. Then sell the G privately (you could make 2-3K more than a trade-in) and put that down on the Jeep. Good luck!

I did qualify those numbers by saying that those were the numbers I was told (with a hint of suspicion that there was some exageration). 714/month sounds closer to me (was that 2000 cap cost reduction/advance on lease payments, or total out of pocket with security deposit, tax, title, etc?).

I did qualify those numbers by saying that those were the numbers I was told (with a hint of suspicion that there was some exageration). 714/month sounds closer to me (was that 2000 cap cost reduction/advance on lease payments, or total out of pocket with security deposit, tax, title, etc?).
Total out of pocket including 1st months payment, cap cost reduction, tax and associated fees.

I would pay off the G and make sure you get the max money for those mods;) on my way lol
just today reached potential deals for about $2100 on some of my stereo stuff and about $1000 for my front bumper and rear diffuser
now i just gotta get rid of 2 set of side skirts, vented fenders, vented carbon fiber hood, my 3way kick panels, sub box, and rims/tires lol

paying off the G actually seems like the smartest move right now... then over the next few months while i'm making decisions on the Jeep (or waiting for one if i decide to order) i won't have to be paying monthly on the G. plus having the title would make life easier if i decide to sell it privately, right?