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2013 and earlier Jeep Grand Cherokee Lease Questions

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  • cliffpozcliffpoz Posts: 59
    tried to e-mail you, but no reply. Did you finalize your deal? If not, please reply to my e-mail.
  • cliffpozcliffpoz Posts: 59
    msrp = 41975
    residual .57
    mf = .00004
    bank fee = 795
    selling price = 38000 (includes $2k of rebates)
    36 months, 10k miles per year.

    if i am only willing to pay first month plus tags, doc fee (approx $400), what should my monthly payment be including nyc tax of 8.875%.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi drdrakeramore. Ally's current base lease rate and residual value for a 36-month lease of a 2013 Jeep Grand Cherokee Limited 4WD with 12,000 miles per year are 0.75% and 52%.

    Chrysler is currently providing a $1,000 cash incentive on leases of this truck.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi lawrenzo1. Ally's current base lease rate and residual value for a 36-month lease of a 2013 Jeep Grand Cherokee SRT8 with 12,000 miles per year are 3.62% and 46%.

    The numbers for an otherwise identical 39-month lease are 3.62% and 44%.

    I don't think that Chrysler is currently providing support on 4-year leases of this truck.

    There is a $500 cash incentive on leases of it that you need to make sure to take into account during your negotiations.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey cliffpoz. Ally's March base lease rate and residual value for a 36-month lease of a 2014 Jeep Grand Cherokee Limited 4WD with 10,000 miles per year are 1.45% and 57% with no cash.

    The numbers for an otherwise identical lease of a 2013 model are 2.1% and 56% with a $1,000 cash incentive.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    cliffpoz, there isn't any cash incentives on the '14s yet.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    The doc fee isn't too bad and the plates probably are what they are, but...the dealer appears to be marking up Ally's base $595 acquisition fee by $200. I would try to get them to eliminate that markup.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jgreenspan. I just posted that very information in my previous couple of messages. Please check at them for the information that you're looking for. Thanks and let us know if you have any other questions.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • insidecarbuyinsidecarbuy NYCPosts: 95
    It still definitely pays to get the 2013 JGC Laredo when you find the right deal! I just did this deal this morning for a customer. Its MSRP is $39,390 which has everything except the double moon roof. Selling price of $36,003 and $6,000 $4,000 IDL Money, $1,000 lease conquest, $1,000 Lease cash and all going through Hann Bank) in rebates! See the details below with just fees and taxes out of pocket and $328 per month.

    Customer Name: Inside Car Buying, LLC WD Deal ID: 21354
    Sale Vehicle: New 2013 JEEP GRAND CHEROKEE 4WD WKJH74 4dr Wgn Laredo w/AC , Automatic , Odom: 0


    Payment Details
    Term 39
    Base Payment 328.96
    Total Payment 328.96
    Purchase Option 19,990.00
    MSRP 39,380.00
    Est. Miles Per Year 12,000
    Disposition Fee 450.00
    Excess Mileage Charge 0.25


    Amount Due at Signing

    1st Month Payment 328.96
    Acquisition Fee 695.00
    Fees & Insurance 197.50
    Upfront Taxes 1,445.46
    Total Inception Fees 2,666.92
    Rebate as Cap Reduction 6,000.00
    Total Drive Off 8,666.92

    Total Cash Required on Delivery 2,666.92


    Tax Information
    Customer State: New York Customer County: WESTCHESTER
    Type Amount Rate Paid
    Cashdown Tax 499.29 7.3750 Upfront
    Upfront Tax 946.17 7.3750 Upfront

    Fee Information
    Description Amount Paid
    Reg 100.00 Upfront
    Insp 10.00 Upfront
    Title 12.50 Upfront
    DocFee 75.00 Upfront
  • Hi Car_man,

    can you post the current money factor and residuals for US Bank and Chase for a 2014 Jeep Grand Cherokee Overland 4x4? I have the rates for Ally but i'd like to compare without going back to the dealer.

    Thanks.
  • alsnook123alsnook123 Posts: 15
    edited March 2013
    Hello,

    Can you post the US Bank residual and money factor on the 4x4 overland? I assume its a 2013 or 14? Is it an V8 or V6? What deal did you get?

    Thanks,
    Al
  • nykdrewnykdrew Posts: 1
    What is IDL cash and how do you have so much of it? Where is Westchester is this dealer?
  • calli74calli74 Posts: 5
    Has anyone gotten a deal on leasing a 2014 JGC Limited?
  • yok3yok3 Posts: 1
    Hi Car_man,

    I am looking for the latest money factor and residual for:

    2014 JGC Overland (V6)
    2014 JGC Overland (EcoDiesel)

    The lease will be 36 months and the miles are 12000/year.

    Thanks!
  • carman89carman89 Posts: 6
    Something doesn't sound right to me about this deal. sticker is 39,010 and he says im getting 1,100 under invoice

    Money Factor-.00130
    Residual-50%
    Buy out-$19,505
    You are buying the Jeep after rebates at $30,966 after rebates plus tax and tags which are included into the payment.

    And my payments would be with $2,000 down at 39 months for 12k miles a year it will be 359 a month all fees already rolled into the payment. Anybody with some help? I think the 50% residual should be higher but even with that calculation the payment should be lower.
  • beradberad Posts: 20
    edited March 2013
    I plugged this into my lease calc based on what you have provided and before tax payment of $325 - and about $350 with tax in my state NJ (it would be a bit higher as NJ taxes rebates too and I am not sure of that total in your state) Look up the invoice on TMV to be sure; FWIW it looks to be a fair deal on the surface.

    MRSP $39,010.00
    Residual% 0.5
    Residual Value $19,505.00
    Sales Pice $28,966.00 (2K less your sales price)
    Depreciation $9,461
    Months 36
    Monthly depreciation $262.81
    Moneyfactor 0.00130 aka 3.12%
    mfpay $63.01
    Lease $325.82
    NJ Tax Rate 0.07
    Tax $22.81
    lease with tax $348.63
  • stang678stang678 Posts: 5
    Insidecarbuy-

    I've been following your posts on here. Is that deal on a 13' only?
    I am considering leasing a GC, might wait for a 14' but I'm sure the deals won't be as good as a 13'?

    Thanks
    Joe
  • I was able to pick up a 2014 Jeep Grand Cherokee v8 HEMI over the weekend. Went into dealer looking for v6 lease deal and ended up with the v8 engine. Here is what I can tell you about the deal.

    2014 GCJ Overland with v8 Engine, Tech Package, and upgraded Braking system.
    msrp - $51000
    sale - $48030
    term - 39 mo
    mileage - 12k
    Money down - $900.00
    Conquest Bonus - $1000
    payment - $645.00

    Note - Lease is through Ally Finance. Not sure of the exact Money factor but was told that Ally rated me at A Tier credit. Dealer also paid off (dealer buyout) my existing Auto loan.
  • stang678stang678 Posts: 5
    Hello all.

    I picked up a 2014 Grand Cherokee Limited, V6. 20" wheels.
    41,870 msrp. I put 2k down total including tax, dmv, 1st payment.

    Monthly payments are 423/month. 10k lease.

    Ed at Atlantic Jeep.

    Good deal?
  • calli74calli74 Posts: 5
    @ Stang678,

    That's the exact MSRP of the Jeep I was looking at. Curious what the difference would be if I went 12k miles per year. Did they happen to show you the different options by chance? Also - what is the cost per mile over your allotted mileage?

    Thank you
    Tim
  • KeerockKeerock Posts: 8
    edited March 2013
    What was your final negotiated price?

    Are there any issues like return fees or high excess per mile costs?

    What state (if New York/CA great deal, if a lower tax state not so much)?

    How many months?

    Your total cost at pickup was $2k, that's pretty good but it depends on how much off MSRP you negotiated. I can't extrapolate your rates and residuals but it seems for 2014 that seems good.
  • stang678stang678 Posts: 5
    39k negotiated down to.
    8.625 sales tax rate - NY
    12k would've been 10$ more per month but I won't be close to 10k

    Through ally bank.
  • calli74calli74 Posts: 5
    I just got off the phone with a dealer here in Mass. The MSRP on the 2014 Limited V6 w/20" wheels is $41,675. He is willing to sell me the Jeep for $38,999.

    He priced out a (first payment) $0 down lease, 39 month, 12k per year. $504 with all taxes & fees included in the lease. Sales tax in MA is 6.25%

    Is this a good deal? I also just got a thing in the mail from Jeep which is $500 Jeep cash - he said he could use that as a rebate and the payment will go down some.
  • lulu1234lulu1234 Posts: 1
    This sounds like a good deal. I am looking at the same car and my deal is a little better but I have a leased car to turn in and I am paying fees up front. Are all your fees being rolled in?

    What dealership is this?
  • tracy0130tracy0130 Posts: 4
    edited March 2013
    I made a lease deal on a 2013 Overland originally priced at $49,650. The price was reduced to approximately $43,162. I've yet to sign the papers. For a 36 month lease at 10K a year with approximately $4,000 to $5,000 down (I'm returning a jeep before the financing is up, and they are paying the 12K remaining to the finance company and giving me $4,000 or $5,000 additional toward the lease). They quote the lease price at $465/month. Is this a good price? I thought it was when I left, but I'm no longer certain. Thanks very much for any advice you can offer.

    I'm assuming that the deal on the vehicle I'm returning is a good one. It's a 2007 Limited with HEMI, fully loaded, originally just under $44,000. The interior is in perfect condition, like new. The exterior needs paint on the corner of one bumper to cover scratches, no body work. The tires need to be replaced. The car has just about 44,000 miles. Any advice is very welcomed. Thanks!
  • calli74calli74 Posts: 5
    Actually, that quote didn't include the 20's. I'm waiting to hear back from Kelly Jeep. The dealer that quoted me this is Lawless in Woburn. Everything is rolled in to my monthly payment. I only sign and give them 1st payment up front.
  • Hi everyone,

    New to the forum and very slow :-) I've went over the specs for the Laredo and Laredo E and I can't find any difference between the models except for the fact the the Laredo E allows for a number of options to be added to it. Am I missing something here or are the pretty much the same model.

    Also, with that said I am no going to please lease ignorance and ask someone to calculate me a 3 year 10k mile lease on a 2014 stock Laredo, No Money Down.

    Thanks in advance everyone, I'm hope you can help me out.
  • Hi Tracy0130,

    A few questions for you.
    - What is the buy rate MF for the lease? Is the dealer offering you the buy rate?
    - What is the RV for the lease?
    - Are any incentives such as loyalty cash included in the negotiated sales price of 43,162?

    Knowing the above will help evaluate your deal.

    Cheers!
  • Hi Greenwell39,
    A lease is not very daunting as its only based on three variables: Negotiated sales price; Residual Value (RV); and Money Factor (MF).

    RV is a fixed percentage set by the bank (e.g., Ally) that's doing the lease. There is a base rate MF that is suggested by the bank as well but dealers have the latitude to mark it up as another source of profit. Both RV and MF are based on your model, lease term, and mileage per year. Ask Carman on this forum to give you the RV and MF for your 3 year/10K lease on the Laredo.

    With the above numbers in hand, the calculations would be as follows,
    Monthly Depreciation = (Cap Cost - (RV*MSRP))/Lease Term
    Monthly Interest Charges = (Cap Cost + RV*MSRP)*MF
    Monthly Lease (pre tax) = Monthly Depreciation + Monthly Interest Charges
    *N.B.: Cap Cost assumes Negotiated Sales Price + Acquisition fee only (i.e., no cap cost reduction or $0 down)

    Cheers!
  • KeerockKeerock Posts: 8
    I think it might help to note that many leases include the sales tax (price paid x tax rate spread over monthly term) and may include fees and other add-ons rolled into the payments AFTER your negotiated selling price. Sometimes people don't check the numbers to make sure that the actual monthly all adds up. I've been surprised in some negotiations to find numbers in the monthly that we're not part of price/rate/residual.
This discussion has been closed.