Go Back   Jeep Garage - Jeep Forum > Jeep Platform Discussion > Grand Cherokee - WK2 -

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #1489  
Old 02-14-2014, 04:20 PM
Jim_in_PA's Avatar
Premium Member
My Jeep: 2012 5.7L WK2
 
Join Date: Jul 2012
Location: SE PA (central Bucks County)
Posts: 1,794
Thanks: 274
Thanked 80 Times in 64 Posts
Rep Power: 4771
Jim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond repute
Garage
Re: DC metro area group buy

One could theoretically arrange with a third party leasing company and then work with them to do a factory order to get the excellent discount as the basis for that lease. Best of both worlds sometimes. One doesn't have to do a lease with the dealer.
__________________

__________________
2012 Grand Cherokee Overland Summit - Winter Chill with New Saddle interior. 5.7L HEMI V8 - Nitto NT421Q "shoes"



Day-job...Telecom Technical Sales
Avocations...Woodworking, Equestrian, Food
Reply With Quote
  #1490  
Old 02-14-2014, 04:41 PM
Member
My Jeep: 2014 3.6L WK2
 
Join Date: Jan 2014
Location: Brooklyn, NY
Posts: 196
Thanks: 4
Thanked 3 Times in 3 Posts
Rep Power: 466
zhenya is on a distinguished road
Re: DC metro area group buy

Quote:
Originally Posted by plynn7 View Post
Strange, I leased my Overland from Koons back in August they gave me the 7% plus incentives, the lease was based off of around $36,500 and my payment is 357.00 for 39 months this also includes the 9% PA lease tax which is about $30 a month. Not sure why they would quote over $300 more a month for a few thousand more in the selling price.


You can go to Jeeps website and build your Jeep and it will give you a lease price from Chrysler Capitol. I just built an Overland with tech package with a lease price of $40,185 after I adjusted for the Koons discount and it's showing me a 36 month 10,000 miles a year for $385. I would question why Jeep's Site is quoting $385 a month for $40,185 and Koons is quoting $689 for $39,500
Exactly my problem. It should have been significantly lower than what they quoted me.


Quote:
Originally Posted by zona75 View Post
Perhaps it's just that he can't give a leasing quote on factory ordered vehicles because of the day to day changes with the leasing factors. I would think once it's actually on the lot you should be able to lease and still get the GB discount. Or i'm just totally not understanding something here.
Thats exactly how its supposed to work theoretically. order based on the GB price, lease based on that price, but somehow its not happening that way.

Quote:
Originally Posted by plynn7 View Post
What he is saying makes sense. Leasing factors change all the time, so it would be hard to give a set monthly payment on vehicle that may not be delivered for two months. They can still give you the discount but since leasing factors change the payment would change. So if he had a Jeep on the lot today he knows exactly what the residual and money factor would be at the time the lease is being made, forward two months for a factory order and if the leasing factors change it would change the monthly payments. Basically it comes down to the residual and money factor. The price of the Jeep would still be the same.
Exactly, however, they could not explain to me why the price of the car is way below what my local dealer can do, but the lease price is no where close. He did ask me to find the car I want and tell him what my local dealer (or leasing company) is giving it to me for, but it has to be a car identical to what he has in stock. The closest match was their car had a diesel, which is $4000 (or so) more. This means that the lease price should be off by $100 or so. Not $200. And no matter how many times I asked, he couldnt figure out why his manager was giving him the lease figure.

It should be simple calculation for lease
Negotiated price - depreciation * money factor (apr %).

Thats why I still dont get how the lease price varies by so much, when negotiated price is lower.

I called another dealer in Virginia, and they quoted me a similar lease price per month, but the car was a few thousand more. They too, could not explain why their lease price is higher. The only thing they could think of, since its a different state, maybe the rebates are different. I dont see how that makes sense.

I really wanted to order the car from Koons, since I would get exactly the car I wanted and pay less, but this leasing price thing threw me off.

Quote:
Originally Posted by Jim_in_PA View Post
One could theoretically arrange with a third party leasing company and then work with them to do a factory order to get the excellent discount as the basis for that lease. Best of both worlds sometimes. One doesn't have to do a lease with the dealer.
Leasing companies tend to work with certain dealers. Besides, the lease goes through a bank anyway - like Chrysler Capital, or whatever is offered in the area.

I have a few friends working for leasing companies, and thats how I got my deal. It wasnt the exact car I wanted (no ORA I package) but it was close enough


Has anyone in DC or Virginia area leased a car from them? If so, how was the compared price to other dealerships in the area?
__________________

__________________
Reply With Quote
  #1491  
Old 02-14-2014, 05:28 PM
SRTprospect19's Avatar
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: Apr 2013
Location: New Jersey
Posts: 33
Thanks: 5
Thanked 1 Time in 1 Post
Rep Power: 600
SRTprospect19 is on a distinguished road
Re: DC metro area group buy

Quote:
Originally Posted by plynn7 View Post
I picked mine up back in August and live in PA, they gave me a paper temp tag for 30 days. They handled the registration for PA, it did take almost three months to get my perm tag from them. I just had to email the finance guy when the temp tag expired and they emailed me a new 30 day temp tag. Had to do that three times before I got my perm tag.

Thanks for the info. That's a long time to get the perm tags, but it's good to know they took care of the temp tags till the they showed up. Any idea why it took so long?
__________________
Reply With Quote
  #1492  
Old 02-14-2014, 05:39 PM
plynn7's Avatar
Premium Member
My Jeep: 2014 3.6L WK2
 
Join Date: Nov 2010
Location: Delaware County,PA
Posts: 364
Thanks: 0
Thanked 7 Times in 7 Posts
Rep Power: 1984
plynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond repute
Re: DC metro area group buy

Maybe Koons is using a leasing company that is giving them a huge bonus for lease's. Lets say Koons does a lease through Bank X and gets a $3000 bonus from that bank, however that bank maybe charging a higher interest rate and giving lower residuals so that would make the payment much higher. So, if Koons had the option of going with Chrysler Capitol which would give you a better monthly but with very little bonus for them vs going through a bank that will give them a huge bonus. What do you think they will choose? This is just a guess on my part though. I would ask who they are using for the lease.
__________________
2014 Deep Cherry Red Overland V6 Tech Package
Previous Jeeps:
11 GC Overland V6
08 GC Limited Hemi
04 GC Larado V6
Reply With Quote
  #1493  
Old 02-14-2014, 05:43 PM
Member
 
Join Date: Apr 2013
Posts: 77
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 640
asdad123 is on a distinguished road
Re: DC metro area group buy

Im from NJ and Im interested in the contact information for the Group Buy if possible. Looking to pick up a limited 4x4 with Lux Packagae and Nav.

Trading in my current car for it wouldn't be a problem would it?
__________________
Reply With Quote
  #1494  
Old 02-14-2014, 05:45 PM
plynn7's Avatar
Premium Member
My Jeep: 2014 3.6L WK2
 
Join Date: Nov 2010
Location: Delaware County,PA
Posts: 364
Thanks: 0
Thanked 7 Times in 7 Posts
Rep Power: 1984
plynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond reputeplynn7 has a reputation beyond repute
Re: DC metro area group buy

Quote:
Originally Posted by SRTprospect19 View Post
Any idea why it took so long?
My guess would be, either it just got lost in the paperwork or are just so busy it took them awhile to get to me. It was almost two months when I got a call from Koons stating they are processing my paperwork to send to PA and if I wanted to renew my existing PA tag or order a new one.
__________________
2014 Deep Cherry Red Overland V6 Tech Package
Previous Jeeps:
11 GC Overland V6
08 GC Limited Hemi
04 GC Larado V6
Reply With Quote
  #1495  
Old 02-14-2014, 06:47 PM
Member
 
Join Date: Jan 2011
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 5488
BigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond repute
Quote:
Originally Posted by zhenya View Post

Exactly my problem. It should have been significantly lower than what they quoted me.

Thats exactly how its supposed to work theoretically. order based on the GB price, lease based on that price, but somehow its not happening that way.

Exactly, however, they could not explain to me why the price of the car is way below what my local dealer can do, but the lease price is no where close. He did ask me to find the car I want and tell him what my local dealer (or leasing company) is giving it to me for, but it has to be a car identical to what he has in stock. The closest match was their car had a diesel, which is $4000 (or so) more. This means that the lease price should be off by $100 or so. Not $200. And no matter how many times I asked, he couldnt figure out why his manager was giving him the lease figure.

It should be simple calculation for lease
Negotiated price - depreciation * money factor (apr %).

Thats why I still dont get how the lease price varies by so much, when negotiated price is lower.

I called another dealer in Virginia, and they quoted me a similar lease price per month, but the car was a few thousand more. They too, could not explain why their lease price is higher. The only thing they could think of, since its a different state, maybe the rebates are different. I dont see how that makes sense.

I really wanted to order the car from Koons, since I would get exactly the car I wanted and pay less, but this leasing price thing threw me off.

Leasing companies tend to work with certain dealers. Besides, the lease goes through a bank anyway - like Chrysler Capital, or whatever is offered in the area.

I have a few friends working for leasing companies, and thats how I got my deal. It wasnt the exact car I wanted (no ORA I package) but it was close enough

Has anyone in DC or Virginia area leased a car from them? If so, how was the compared price to other dealerships in the area?
Maybe I missed it but I only see you listed monthly payments and selling prices. Why not just ask for the residual, MF, capitalized costs and, if included, taxes? Wouldn't this solve the mystery? I assume 0 down and get the fees, TTL. I'm not being facetious here. It isn't rocket science.
__________________
Reply With Quote
  #1496  
Old 02-14-2014, 08:54 PM
Member
My Jeep: 2014 3.6L WK2
 
Join Date: Jan 2014
Location: Brooklyn, NY
Posts: 196
Thanks: 4
Thanked 3 Times in 3 Posts
Rep Power: 466
zhenya is on a distinguished road
Re: DC metro area group buy

Quote:
Originally Posted by BigBlue99 View Post
Maybe I missed it but I only see you listed monthly payments and selling prices. Why not just ask for the residual, MF, capitalized costs and, if included, taxes? Wouldn't this solve the mystery? I assume 0 down and get the fees, TTL. I'm not being facetious here. It isn't rocket science.
I asked and was told by koons they couldn't give it to me
__________________
Reply With Quote
  #1497  
Old 02-14-2014, 09:33 PM
Zhe Wiz's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: Jun 2013
Location: Central NY - Ithaca
Posts: 452
Thanks: 72
Thanked 60 Times in 39 Posts
Rep Power: 2250
Zhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond reputeZhe Wiz has a reputation beyond repute
I would absolutely NOT lease form a dealership that wouldn't give me the lease details. They're hiding profit in there. And this from someone that's gonna buy a GC from Koons.

Zhe Wiz
__________________
Zhe Wiz

Reply With Quote
  #1498  
Old 02-14-2014, 10:11 PM
Member
 
Join Date: Jan 2011
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 5488
BigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond reputeBigBlue99 has a reputation beyond repute
That's a HUGE red flag.
__________________
Reply With Quote
  #1499  
Old 02-14-2014, 10:48 PM
Member
 
Join Date: Feb 2014
Posts: 33
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 297
NYCardinal is on a distinguished road
Dealerships are slimey and try to pad in profit wherever they can, news at 11.
__________________
Reply With Quote
  #1500  
Old 02-15-2014, 08:46 PM
Premium Member
 
Join Date: Feb 2014
Posts: 26
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 284
sc32valve is on a distinguished road
Re: DC metro area group buy

Can I get a PM with the details for the group buy also? Thanks.
__________________

__________________
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Possible Group Buy Jordan's Jeep The Steel Armadillo 12 09-20-2012 08:56 PM
Possible Group Buy? FlyFlip420 Interior/Exterior/Visual 5 11-23-2011 09:38 PM
First 5 Group Buy! Diboblo LXHarness 27 06-22-2011 04:56 PM

Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 04:06 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright 2012 - JeepGarage.Org
The Jeep Grand Cherokee Owners Community

JeepGarage.org is in no way associated with or endorsed by Chrysler Group LLC.