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2013 and earlier Jeep Grand Cherokee Lease Questions

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Comments

  • nnocunnocu Posts: 2
    Car Man, if you could also provide for 10k/year lease that would be appreciated.

    Thanks,
  • Car_Man,

    Is it possible to get the lease rates for the new 2014 Jeep SRT? It looks like Jeep.com finally listed the "lease" deals for the rig on jeep.com but was hoping to get the actual 36 month MF and Residuals.

    Thanks,

    B
  • junjgujunjgu Posts: 3
    @botrnewmusic
    I have been doing research on this car ( NY area) . Best price for:
    39 month, 12K, limited Nav + sunroof, is $419 before tax, due at signing 1st mon + bank fee $695 + DMV. So 15K miles will be around $430 before tax.
    No sure how much the 4 BMW payments add to it, you can ask them the payment without the take over lease, if that's higher than $430 then you may have a little room. I think $475 is very decent.
  • Hello,

    I am in the Los Angeles area and currently being offered this deal on a 2013 Grand Cherokee Laredo lease. Can you please tell me if this sounds like a decent deal or if I should try negotiating more. The sales person said he is using US Bank instead of Ally because their money factor is lower. I did not qualify for some of the special rebates currently being offered.

    MSRP $30,800
    Invoice $29,437
    Selling Price $29,150 - $1,000 rebate = $28,150
    Drive off/Down - $1380
    Payment - $323.84 + LA tax = $355.86


    Please advise, Thanks
  • Car_Man - I am a newly registered on Edmunds but have been reading many forum topics in the past few months. I am looking to lease a 2014 Jeep GC Limited in the next few weeks. We have visited a dealer and been quoted the following offer below. Could you provide the money factor and residual % for both Ally and US Bank so I can validate the offer? Much appreciated!

    2014 Jeep GC limited 4wd
    MSRP: $39,885
    Selling Price: $36,800 (includes 1k conquest lease cash)
    12k/yr
    36month term
    $2k total due at lease signing
    Location: Michigan (yes possible National Champs as I'm typing :)
    Quoted: $405/mo including Michigan 6% tax

    Your information will prove extremely helpful in our decision making, so thank you again!
  • ruby59ruby59 Posts: 1
    I live in the Buffalo, NY, area and am recently interested in leasing a JGC. I currently own a 2007 Hummer H3X which I still owe approximately $17,000. I leased a 2006 and a 2008 Hummer previously, but bought the 2007 when I couldn't lease them any more. As much as I've always loved the Hummer, I would now like to lower my monthly payments and get out of this one, so leasing seems to be the better option for me. The vehicle I'm interested in has a sticker of $36,680. I haven't gone to the dealer just yet for any negotiating, but I'm more curious as to how the loan factor will play out. Has anyone gone through this? Any thoughts or advice? Thanks!
  • Hi prolific,
    I perceive that you may use the negotiated sales prices associated with leases as a proxy for purchase with either cash or conventional financing. You may be able to get additional discount with cash as the dealer doesn't need to worry about your purchase qualfication. From the dealer's perspective, either removes the truck from inventory.

    I don't believe there's rationale to lease beyond 5 years or even 3+ years for that matter. Leases are best for 2-3 years of ownership as depreciation is considerable after 3 years. One is better off purchasing and potentially capitalizing on low interest rates if one needs to finance all or part of the purchase.

    Cheers!
  • spg900nyspg900ny Posts: 1
    Looking at leasing a 2014 Grand Cherokee Limited with only Nav ($795 option) and sunroof ($995 option). With $1K out the door, taxes financed, local dealer (good reputation) is telling me $439/month. I think that sounds good but wanted to double-check. It's 39 months, 12K/year.
  • Hi spg900ny,

    To assess your deal, we need to know the following info.
    - What's the RV?
    - What's the MF? And is it the buy rate MF?
    - What's the final sales price (or cap cost, assuming no money down)?

    Cheers!
  • edcard61edcard61 Posts: 5
    edited April 2013
    Car_Man,

    Would you please post the money factor and residual for leasing a 2014 JGC Summit, 4x4 and with the V8 Hemi engine?

    I'm interested in a 36 or 39-month lease, with 10K miles per year.

    Thanks in advance,

    Ed
  • ken954ken954 Posts: 13
    edited April 2013
    Just took delivery on a 2014 Overland v6, used US Bank for lease. Money Factor was better than what Ally offered.

    39 Months 10K Miles / Year
    Money Factor = .0001
    Residual = 51%

    Per the Dealer, 36 Months increased Residual to 53%

    12,000 Miles / Year reduced residual by 3% for each term (36 months = 50%, 39 months = 48%)

    Residuals are stronger for Limited and Laredo, but I couldn't pass on the extra features on the Overland.

    Thought you all might find this useful as I haven't seen new factors posted recently.
  • stang678stang678 Posts: 5
    Hey all -
    MSRP $44 - GC LTD HEMI, 20's, TOW, NAV, no roof

    $439 per month, 39 months
    10k / yr
    $2100 down plus 1st month and dmv.

    What do you all think?
  • Carman, thanks for all of this valuable information!

    I am considering leasing a SRT8 and am trying to do some calculations before I go to the dealer. They have one 2012 SRT8 left and are offering upwards of a $8500 match rebate. The caveat is that I need to put $8500 down in order to get their free $8500.

    Anyway, do you have the MF and residual for the 2012 SRT8 grand cherokee for a 36 month lease?

    Thanks again,
    Jeremy
  • vnzufvnzuf Posts: 1
    Hi,

    Wondering on feedback on the below deal. I can't get to their number...

    I am looking at the limited model with a package ($4k) that includes upgraded front lights, leather, larger moon roof etc.

    $44,285 MSFP
    $39, 499 - selling price
    39 months
    15k per year
    told me the residual is $23,028 (52%)
    .65 for money factor which I think is .00166
    $2k down

    I live in MA so there is tax of 6.25%

    Monthly payment of $439

    Does all seem right, I can't get to $439 with the above numbers. Also, does the MF & Residual Value seem correct?

    Any help would be greatly appreciated! :)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited April 2013
    Hey Tom. What you heard is correct. One can still lease a Jeep through Ally in April, but starting in May Chrysler is switching to its own captive finance company (well in partnership with another bank anyhow) Chrysler Capital. I don't think that there will be much of a difference between leasing with one or the other.

    Chrysler Capital's April buy rate lease money factor and residual value for a 36-month lease of a 2014 Jeep Grand Cherokee Overland 4WD with 15,000 miles per year are .00010 and 50% for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Nnocu, the residual value for a lease with 10,000 miles per year would be 3% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi zims27302730. Chrysler is not currently providing any lease support on leases of the 2014 Grand Cherokee SRT. That means if you were to lease one through Chrysler Capital right now, you would have to use its standard lease program. Its current buy rate standard lease money factor is .00183 for consumers who qualify for its top credit tier.

    The 36-month, 15,000 mile per year residual value for this truck is 44%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited April 2013
    Hi needalease. Ally's April base lease rate and residual value for a 36-month lease of a 2014 Jeep Grand Cherokee Limited 4WD with 12,000 miles per year are 0.65% and 56%.

    I have not seen the lease program for US Bank.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello Ed. Ally's April base lease rate and residual value for a 36-month lease of a 2014 Jeep Grand Cherokee Summit 4WD with 10,000 miles per year are 1.25% and 51%.

    The numbers for an otherwise identical 39-month lease are 1.25% and 49%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Jeremy. That matching incentive that you mentioned sounds like a dealer gimmick to me. I haven't seen any official Chrysler incentive on this model that's along those lines.

    Ally's current base lease rate for a 2012 Grand Cherokee SRT8 is 2.04%. I'm not sure what the residual value is, but I can find out for you. It doesn't matter as much as the lease rate anyhow because dealers do not have the authority to alter banks' published residual values.

    Car_man
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This discussion has been closed.