Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
2013 and earlier Jeep Grand Cherokee Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Was wondering if you could provide some guidance on a lease offer for a 2013 Grand Cherokee X:
MSRP: 38,910
Selling Price: 35,653
Taxes and Fees: 3,395.28
Cash Due: $500, 36 month lease at $462.
Thanks for any help!
Im from NY and would like to know the deal u got for the lease.
I would like to get the jeep grand cherokee limited.
What was the total upfront cost?
Monthly?
Which jeep dealer?
Thanks man
Thanks for replying! The monthly payments were slightly adjusted to $465.38 (no big deal) and they increased the lease to 39 months (that's fine). The residual value is $26,314.50. I'm not certain what the MF for the lease is. I can purchase the car at the end of the lease for $28,814.50. Total monthly payments equal $18,149.82. They add $7,138.50 (capitalized cost) to get a total of $25,288.32 at the end of the lease. They state the agreed upon cost of the car is $46,025. They add tax and tags and get $48,214.50. The adjusted capitalized cost is $41,076. Do you see anything that I should discuss with them? Is the residual inflated? It seems that if I chose to buy the vehicle at the end of the lease, the total I would have paid for the car would be $51,602.82, nearly $2,000 over original sticker price ($49,650) on a car that was discounted to $43,162. I guess that's pretty much the tax etc. So, I've would be paying sticker price, instead of $45, 500 or so. I've signed the contract, so I may be out of luck. Would you know the legalities of contract negotiations in MD, basically how long I have to change the contract before I'm bound to it? Was this a decent deal after all?
Thanks for your help. It's very much appreciated! I'm so sorry I missed your reply. I had the contract for a couple of days and just turned it in last night.
Thanks again,
Tracy
Thanks again
Assuming your lease is with Ally, I believe the acquisition fee is $795 although some dealers mark it up for additional profit. Based on your numbers, I calculate a RV=54%. Generally, RV is fixed as its set by Ally based on your lease term and miles.
I have sense of the cap cost, $40,248, as I assume that they treated your trade as a downpayment or cap cost reduction.
The interest or MF is the key unknown. There is a buy rate MF which is set by Ally, but dealers often mark it up as an additional source of profit. So, I don't know if the MF that you were offered is indeed the buy rate or something higher.
Nonetheless, it appears that you signed your contract, so enjoy your truck. I have an Overland 4x4 which I love. The lease comes due at the end of the year, so I'm debating whether to get the diesel variant or switch to the Durango as we could use the extra seats.
Cheers!
Down payment $2,200 total - taxes, fees etc
$423 per month
39 months
Ally bank
sticker $42k
Limited with 20's, no trailer package.
Atlantic Jeep - the old previously Herbee Dodge dealer.
Thanks for the information! I did sign, so I 'm not sure if I can do anything about numbers that don't seem right. The salesperson said that if something is off they will fix the issue. Should the buyout price be a couple of thousand dollars more than the residual? I know generally leasing and then buying the vehicle isn't a great decision. Still, I would like to think if I choose to buy it, I would not be paying more than I should.
The Jeep Overland is wonderful. I've heard about the diesel version, but don't know much about it. I'm hoping it offers better gas mileage, because I'd go that route next time. As for the Durango, I don't know anything about it, but I guess if you need the seating, then you have to go for it. Best of luck and enjoy your future purchase!
Do you have the April lease residual and money factor for a 2014 Overland 4x4 for 36 months with 15000 miles? I believe Jeep is still set up with Ally but I have heard that they are switching primary banks so do you also know if one bank is more adventageous than the other?
Thanks,
Tom
Here is what I am looking at.
39 month lease, 15,000 miles.
Down Payment only first month pay, bank fee and dmv plate charge.
2014 Grand Cherokee Limited with Sunroof, Nav etc... Sticker price $40,775
I got them down to $474.65 , AND they are paying the last FOUR months of my BMW payment of $623 to get me out of the BMW and into the Jeep.
Is this a good deal or should I aim for lower?
Thanks,
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
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.
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
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!
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!
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!
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
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.
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?
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
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!
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
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The 36-month, 15,000 mile per year residual value for this truck is 44%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I have not seen the lease program for US Bank.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 39-month lease are 1.25% and 49%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
So - my question is if I can just take the Ally rates quoted above and divide by 24 to get to a rough MF to use in running my calculations. For instance, would I take the 0.65% rate quoted in msg # 1102 above and divide by 24 to get a MF of ~ .000271? I figure the payment calculations have to work pretty much the same, but please let me know if that isn't the case.
Either way, it seems like they offer some really cheap money on their leases, even on the newly-introduced 2014s. Is that pretty typical on JGC leases in people's experience.
Hopefully the question makes sense, and thanks in advance for any feedback.
You are correct with your calculations.
Comparable interest rate = MF * 24
So in your case, MF = .000271 (=.0065/24)
American auto makers do offer quite low MF's vs. European brands. When I leased my 2011 GC Ltd 4x4, my MF was even lower.
Cheers!
You have always been a tremendous help with my vehicle purchases, I need your help again.
Can you help with the Res and MF for 24mo and 36mo, 12k and 15k, for a 2014 GC Limited and Overland if they differ? I also haven't seen any updated rebate info for May yet. Also Chrysler Financial has apparently been reborn as of May 1st. So I guess I need their numbers and Ally if they are still involved. I am also considering a RAM 1500 so I will be posting the same question over in that forum as well.
Thank you so much!
2014 overland 4 by 4 v8 engine lease for 701 a month for 39 months, 10 k miles per year. Or 596$ per month with 3000$ down. Does this seam like a reasonable deal?
Also wondering if service is included in leases like with BMW and Audi which I've recently leased.
Thanks.
Thank you for helping me with lease figures on JX. Just leased for my wife last month.
I'm looking to lease 2014 Grand Cherokee Limited in NJ.
Can you tell me the numbers for 12K miles for May??
Thank you!!!
CUSTOMER DISCLOSURE
Customer Name: Inside Car Buying, LLC WD Deal ID: 98341
Sale Vehicle: New 2014 JEEP GRAND CHEROKEE 4WD WKJP74 4dr Wgn Limited w/AC , Automatic , Odom: 0
Payment Details
Term 36
Base Payment 403.85
Total Payment 403.85
Purchase Option 23,184.00
MSRP 40,775.00
Est. Miles Per Year 12,000
Termination Fee 495.00
Disposition Fee 395.00
Excess Mileage Charge 0.25
Amount Due at Signing
1st Month Payment 403.85
Fees & Insurance 365.00
Upfront Taxes 1,151.50
Total Inception Fees 1,920.35
Rebate as Cap Reduction 1,000.00
Total Drive Off 2,920.35
Total Cash Required on Delivery 1,920.35
Tax Information
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
Cashdown Tax 79.28 7.3750 Upfront
Upfront Tax 1,072.22 7.3750 Upfront
Fee Information
Description Amount Paid
Reg 267.50 Upfront
Insp 10.00 Upfront
Title 12.50 Upfront
DocFee 75.00 Upfront
You have always been a tremendous help with my vehicle purchases, I need your help again.
Can you help with the Res and MF for 24mo and 36mo, 12k and 15k, for a 2014 GC Limited and Overland if they differ? I also haven't seen any updated rebate info for May yet. Also Chrysler Financial has apparently been reborn as of May 1st. So I guess I need their numbers and Ally if they are still involved. I am also considering a RAM 1500 so I will be posting the same question over in that forum as well.
Thank you so much!
Just negotiated the following lease on a base 2014 Jeep Grand Cherokee Limited. I feel this is a good deal, can you please confirm?
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
He’s at $406.94 a month, but my calculation comes out to $395.74, both including 6.25% MA sales tax. We’ve decided to meet in the middle at $400 even including tax. You an amazing resource carman. Do you like this deal?
Can you get me a similar deal???
I'm long overdue for a new vehicle. I'm currently driving a 2006 Scion Xa which I bought brand new. It has about 185,000 miles and honestly still runs great... I just need something bigger and much cooler. Here's what I'm looking to lease:
2014 Jeep Grand Cherokee Limited
Black
Hemi
20" Wheels
Sunroof
(Maybe Nav)
The best deal I've found so far was at Seaview Jeep in Ocean, NJ. The exact truck listed above minus the Hemi (They only had the V6 in stock). After having driven a tiny car with 106 horsepower for the last 7 years, lets just say I really really want the HEMI!
$3000.00 down and $438 a month
39 month lease w/ 12,000 miles a year.
They would have to order one with the HEMI and are supposed to call me tomorrow with the price.
Not sure how much I should expect to pay or what the current deals are right now. Any advice would be very much appreciated. Thanks!
-David