Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier Jeep Grand Cherokee Lease Questions

15253545658

Comments

  • vettel3vettel3 Posts: 3
    Hello Car Man,

    I am looking at a jeep overland lease, 36 month, 15,000/ year, are there any factory rebates or other specials. What are the numbers on this car is SO CAL. Will there be better deals on memorial weekend.

    PS: You helped a lot in my ACURA TL lease back in Feb!

    Regards,
  • danimal77danimal77 Posts: 13
    I've been trying to negotiate a deal on 4x4 Grand Cherokee Limited (in Ohio) to no avail. I've been trying to get the deal below that someone posted on here (except I have WV) but the best I've been quoted from several places was $520 mo. Has anyone gotten this deal? Which dealdership? Please help.

    MSRP: $39,185.00
    Discounts and Rebates: ($3,000.00)
    Lease conquest rebate (Subaru): ($1,000.00)
    Sales price: $35,185.00

    36 month lease
    10K miles/year
    $0 cash down
    $383/month + Tax (w/ documentation fee, registration fee, and first payment all due at signing)

    Residual: 57%
    Money Factor: 0.00027
  • I signed this lease yesterday a Brigham Gill Jeep in Natick MA. it came out to $400.74 a month $0 down (although documentation fee, registration fee, and first payment all due at signing).

    Stock 2014 Grand Cherokee Limited in Cherry Red
  • above price includes tax
  • danimal77danimal77 Posts: 13
    No sunroof correct? What was your registration fee? Thank you!
  • no sunroof

    The documentation fee is $377. The RMV charges $125 for new plates.
  • franknussfranknuss Posts: 3
    In the dealerships, they told me that I would get the $2,750 Lease Cash only if I leased with Chrysler (I assume that means TD Auto Finance, right?) Is that true? Because if it is, wouldn't it make sense to use them as opposed to go to a bank to obtain a lease? Not sure if this helps answer the question but I have Tier 1 credit. THANKS!
  • orion23orion23 Posts: 1
    edited May 2013
    Hi guys!
    I'm new to leasing, looking into a Jeep grand Cherokee 2014 Laredo 4X4, nothing fancy, basic model. My credit score is upwards of 750...
    I'm in NJ and this is the current offer to bring people in:
    http://www.salernoduanesummit.com/jeep-models-in-nj/jeep-grand-cherokee

    It says $249 with about 3,500 down, closed end with .18c per mile over 10,000

    Doesn't look bad to me, don't really need more than 10K and @ .18c it shouldn't be a big deal.

    Any thoughts?

    What tricks or extra fees can I expect from a salesman ?

    Thanks!

    New 2014 Jeep Grand Cherokee Laredo 4x4 $249 x 39 months SUV, 4-Dr., Auto, 3.6L, V6, PB/S/W/Lks/Mirrs, Air, Dual Air Bags, Keyless Ent., Cruise, Alloys, AM/FM/CD. stk#1C4RJFAG3EC150760. MSRP: $33685. Lease: $3251 Dwn Pyt. + 1st Mo. Pyt. + $0 Sec Dep. = $3500 Due At Incep; Ttl. Pyts: $9711; P/Opt. At Lease End: $19200.25 Mi. allow: 10,000 mi./yr. 18¢ mi. thereafter. Lease incl $1000 2014 Conquest Lease to Retail/Lease rebate, & $2250 IDL Bonus Cash. Prices incl. all costs to be paid by consumer except for lic., reg. & taxes. Offers cannot be combined with any other offers or incentives. Offers expire 5/31/13. *Based on closed end lease w/primary lender approval. Lessee resp. for excess wear/tear. Customers must meet all rebate qualifications. See dlr for complete details. Not resp. for typos. Photos for illustrative purposes only. All ad vehicles sold cosmetically as is.
  • remcobremcob Posts: 1
    I got a lease quote today on a 2014 Grand Cherokee Overland with the Advanced Technology Group. I am located in the Bay Area
    MSRP: 50,880
    Discount: 2,360
    48,520

    Zero out of pocket
    Residual value .5 (I assume this means 50%) and money factor of .0009

    They calculated the lease to be $750 incl 9% sales tax.

    Questions:
    1) Does that calculation work out based on the info on residual, money factor etc?
    2) Does that residual make sense? It feels low to me.
    3) Is the discount on the low end? SOmewhere I read earlier that the discount could be up to 10% of MSRP (which may be high?)

    I was hoping to lease this Grand Cherokee for closer to $600/$650 or is that impossible

    Thanks for any help.
  • hamfist1hamfist1 Posts: 2
    Car_Man,

    First time poster---looking for some quick advice.

    Sold my prior ride so I'm in a bit of a bind for a car. Just visited my local Jeep store and got the following quote on a 2014 Limited (nav, roof, 18s, no HIDs):

    Window: 40,580
    Affiliate price: 38,496
    Leased with Chrysler for 39mo/12k year
    55% residual
    Factor of: .00087

    $512.49 - that's nothing out of pocket with a start-up of $640.43.

    This seems like a pretty bad deal from what I'm seeing. Any suggestions on how to get them down? TBH, I always buy and this is the first time I've leased so any input you can provide is appreciated.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'd be happy to help you out, asd302. Chrysler Capital's May buy rate lease money factor and residual value for a 24-month lease of a 2014 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are .00030 and 66%.

    The numbers for an otherwise identical 36-month lease are .00027 and 54%.

    The numbers for the 2014 Jeep Grand Cherokee Overland 4WD are .00066 / 63% and .00009 / 50%.

    If you were to lease with only 12,000 miles per year, its residual values will be 2% higher.

    Chrysler is no longer offering special leases through Ally.

    I don't think that Chrysler is currently providing any cash incentives on leases of the '14 Grand Cherokee.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome yideng23. Chrysler Capital's May buy rate lease money factor for a 36-month lease of a 2014 Jeep Grand Cherokee Limited 4WD with 12,000 miles per year are .00027 and 56%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello jovani. Please see my previous post for the information that you're looking for.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey asd302. I'm glad that you've found my posts so helpful.

    Chrysler Capital's May buy rate lease money factor and residual value for a 24-month lease of a 2014 Jeep Grand Cherokee Limited 4WD with 15,000 miles per year are .00030 and 66%. This truck's 36-month numbers are .00027 and 54%.

    The numbers for the Overland 4WD are .00013 / 65% and .00056 / 56%.

    The residual value for a lease with 12,000 miles per year would be 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi greenwell39. The money factor and selling price that you were quoted look great.

    Using an MSRP of $39,185, a selling price of $35,185, a money factor of .00027 and a residual value of 57% I estimate that this truck's zero down, pre-tax monthly payment should be around $373.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello geox19. Chrysler Capital's May buy rate lease money factor and residual value for a 2014 Jeep Grand Cherokee Overland 4WD with 15,000 miles per year are .00009 and 50%.

    Chrysler Capital is Chrysler's new captive finance company. They just started using them exclusively this month.

    If you provide me with this truck's dealer invoice price (you can find it here) I will work up a sample payment on it for you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey vettel3. Chrysler Capital's May buy rate lease money factor and residual value for a 36-month lease of a 2013 Jeep Grand Cherokee Overland 4WD with 15,000 miles per year are .00009 and 50%.

    I am not aware of any cash incentives on leases of this truck right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi remcob. The 50% residual value that you were quoted is spot on for a 36-month lease of this truck with 15,000 miles per year through Chrysler Capital. the money factor should be .00009.

    Using that lease program, an MSRP of $50,880 and a selling price of $48,520, I come up with a zero down, pre-tax monthly payment of $648.

    This truck probably has a spread of around $3,000 or so between its MSRP and dealer invoice price. The discount that you were quoted doesn't look too bad.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Welcome hamfist1. The money factor that you were quoted is off. Chrysler Capital's May buy rate lease money factor for a 39-month lease of a 2014 Jeep Grand Cherokee Limited 2WD is .00033. The factor for a Limited 4WD is .00027.

    You might be able to shave a little off of this truck's selling price as well.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hamfist1hamfist1 Posts: 2
    Thanks! On further investigation, the .00087 was the 'sell rate.' From my research, this is the rate the bank will allow the dealership to pad the lease rate. Is that correct?

    /hamfist/
This discussion has been closed.