2014 Jeep Grand Cherokee Lease Questions

deeve · November 2013

Thank you. I wasnt sure if the region made much of a difference. I appreciate the number!

DAVE

kyfdx · November 2013

"Would those numbers change for an Overland?"

The Overland model has a slightly lower money factor of .00013, but a residual that is also 4% lower... It will be quite a bit more to lease

regards,
kyfdx

leolopezdo · November 2013

Hello

Love these forums and the great help they are...I am finally serious about getting into a jeep and need help.

Want to know the difference (or for that matter, overall numbers...mf/residual) for a 12k lease, 36/39 month on a grand Cherokee overland and summit. I'm curious if there is a large difference between the two given that the two are priced similar in msrp

moonsault270 · November 2013

Hi Kyfdx,

You had provided me the rates and residuals on 14 GC Laredo 4x4 in October. Are they the same for November? If different can you please provide updated figures for:

36 and 39 months @ 10k and 12k miles.

Thanks Again!

atherrien · November 2013

HI there!

I was hoping for help because I will be buying a car today or tomorrow.

JGC Limited, sunroof, nav. 36 mo Sign than drive for 15,000 mi per year.

MSRP 50,070 (Suspect this is BS) Overlands are that high, not limited.
Cap $44,500
Reductions $4600
Adj Cap 40545

$471.00

kyfdx · November 2013

2014 GC Overland 4X4 39mo, 12K/yr lease
.00013 MF and 49% residual
Summit
.00024 MF and 45% residual

On the 36 month term, the Overland has the same 49% residual, but the Summit residual is 47%

regards,
kyfdx

kyfdx · November 2013

14 GC Laredo 4x4 36mo, 12K/yr lease
.00022 MF and 55% residual..

Subtract 2% for 39 months
Add 1% for 10K/yr

regards,
kyfdx

_bryan_ · November 2013

Hi Kyfdx,

I'm hope this isn't asking for too much, but I'm having trouble getting direct answer out of dealers. Could you give me the November residuals and money factors for a 2014 JGC Overland vs. Summit both with the Diesel engine, 36 mo, 10k miles/year?

Also, could you tell me if/how those numbers change with the V8 rather than the diesel?

Thanks!

kyfdx · November 2013

2014 JGC Overland 4X4 36mo, 10K/yr lease
.00013 MF and 50% residual

Summit
.00024 MF and 48% residual

If you get the Overland, go with the 39 month lease, as the residual is the same...

The lease programs don't show any differences regarding engine choice..

regards,
kyfdx

_bryan_ · November 2013

Thanks kyfdx!

Just out of curiosity, do you have any clue as to why the Summit MF nearly doubled this month?? That seems crazy.

kyfdx · November 2013

No, but doubling from .00012 to .00024 is still a pretty small jump.. About $7-$10/month...

Not equivalent to doubling from .0012 to .0024... That would be a big jump..

leolopezdo · November 2013

Thanks for the quick response!

Quick question...is there a difference with a 4x2 as opposed to 4x4? Residuals/MF? Thanks again

bubbaboucher · November 2013

I am looking at A JGC Limited 4x4 with the lux II MSRP 43190. The selling price they are offering is 38850. The dealership just called me that residuals and MF has changed since last week (?!?!?) and the monthly quote they gave me is now wrong. Does anyone know what the residual and MF is right now? I am looking at 10K and 36 months. Trying to make sure they don't give me the bait and switch.

kyfdx · November 2013

Different money factors.... different residuals on some terms, not others... do you need the RWD numbers?

kyfdx · November 2013

2014 JGC Limited 4x4 36mo, 10K/yr lease
.00028 MF and 54% residual... 39 month residual is also 54%

regards,
kyfdx

kyfdx · November 2013

2014 JGC Limited 4x4 36mo, 10K/yr lease
.00028 MF and 54% residual... 39 month residual is also 54%

If rates change in the middle of the month, I won't know about it.. Seems unlikely they would get worse, though... Mid-month changes usually mean an improvement.

regards,
kyfdx

leolopezdo · November 2013

Yes please.

I apologize for not being clear on my original post. Completely my fault.

Let me be clear so as to not waste your time...

Residuals/MF on 2014 RWD Grand Cherokee Overland and Summit for 12k miles...36/39 month lease.

Thanks again and I apologize for not being clear the first time.

bubbaboucher · November 2013

Thank you for the information. Much appreciated!

kyfdx · November 2013

2014 RWD Grand Cherokee Overland 36mo, 12K/yr lease
.00019 MF and 49% residual. 39 month residual is 47%

Summit
.00068 MF and 47% residual. 39 month residual is 45%

regards,
kyfdx

mloggia · November 2013

Just signed a deal to order this car. Please let me know what you think.

2014 JGC Limited Max Steel, Black Interior 39months, 7500 miles/yr
Luxury Group II Package, Nav, Off Road Adventure I, Engine Block Heater
1k down, $409/month (inc all taxes and fees rolled in)

I believe the sticker was $44,100 with a cap cost of $39,100 (Chrysler Affiliate Program)

Is this a good deal?

atherrien · November 2013

HI Everyone,

I was looking to make sure I was getting a good deal.

I came to a tentative agreement for a 2014 Jeep Cherokee Limited AWD. Moonroof and Nav.

MSRP was 32440
Initial Cap 29840
6.9 % APR through Ally with $2000 rebate from bank? and a 1000 rebate for competitive lease.
Residual 19840
36 Months
15,000 miles per year.
0 down, 0 due, tax title reg included.

405.11/month.

I get a gut feeling they should be about 20-30 less but I am not sure. Please let me know your thoughts! Any feedback would be helpful.

phat_rat · November 2013

Can you guys tell me if this is a good deal for a lease:

2014 Jeep Grand Cherokee Diesel
MSRP $48,180
Sales Price $43,078

39 months at 15k - Va (4% sales tax, $57 tags and $399 processing fee)
$645 per month with just the 1st month's payment due at signing

Thank you.

moonsault270 · November 2013

Need to thank kyfdx for such valuable information , closed on my new truck yesterday. To poster "atherrien" I also received $2000 rebate and $1,000 competitive lease. But I also had to pay $895 bank fee. Did you? Ally does not have disposition fees presently.

Which brings me to my question for kydfx. I know most if not all banks have aquisition fee's, but $895 seems excessive. What concerns me even more is that the bank fee on my lease was not a seperate line item but included as a capital cost reduction.

Makes me think that the dealer marked up the fee, but what advantage to the dealer would it be to put down as a cap reduction. Why wouldnt they just put the marked up bank fee as a seperate line item? Unless it helps me by bringing down the cap cost. Makes me think something fishy is going on. Any ideas as to whats going on here?

Unfortunatley I could not find a definitive answer to Ally's bank fee anywhere online. Anyone privy to this information?

atherrien · November 2013

HI Moon,

I dont know how your credit is, but the bank will waive it only for top level credit. I have a 810 credit score and they negotiated the fee away. I didnt have to pay it and neither did they.

I purchased in MA at Herb Chambers Jeep Chrysler.

stoavio · November 2013

Hi all -

I am being offered the following deal for a 2014 Jeep Grand Cherokee Limited 4x2 v6. What do you think?

 Luxury Group II
 20 wheels
 39 month term
 12k/year mileage program
 Nav included
 Sunroof
 $680 down + $489 (first month's payment) = $1169 (total down)
 $489 (monthly payment)

MSRP: $42,200
Adjusted Cap: $40,478

I sort of backed into the Adjusted Cap cost based on what the dealer quoted as a monthly payment, so I should be pretty close if not dead-on. All we discussed over the phone was money down and monthly payment. Based on those 2 factors, I've deduced the adjusted cap.

Thoughts?

moonsault270 · November 2013

I had an 800 FICO last checked i last checked in Jan 2012. Im going to try and talk to Ally directly. Thx for the reply!

erie1234 · November 2013

Kyfdx, do you have current residuals and money factors for the following?

2014 Jeep Grand Cherokee Laredo 4x2,10,000 miles and 12,000 miles for 36 months

Thanks in advance!

stoavio · November 2013

After dealing with a handful of dealers and making what I felt was moderate progress on this deal, I have decided to enlist the services of www.insidecarbuying.com and let Tommy (or one of his employees) broker the deal for me.

I also purchased a DIY report from them, which I found helpful, but ultimately couldn't get a dealer to even come close to it. I figured, since they stand behind the report, who better to go out and secure the deal? They guarantee it within $2-3 of the monthly price.

I will keep everyone posted. I was told the process typically takes 72 hours so I should have updates pretty quick.

kyfdx · November 2013

2014 Jeep Grand Cherokee Laredo 4x2 36mo, 12K/yr lease
.00024 MF and 54% residual
Add 1% for 10K/yr

regards,
kyfdx

sonnyc1 · November 2013

There so much information flying around when it comes to leases so here's what I was able to get on the last day of October. 2014 Jeep GC Limited 4x4 (I live in the Northeast). $429/month, 39 months, 12,000 miles a year. List $40,705. Residual (buy-out) $21,981. Disposal fee if I don't buy it -$450. Transfer fee if I buy it - $300. Monthly payment $429. Down Payment $2,500 which includes my first month payment of $429. I frankly don't know how we got to $429, and I really don't care since it's the bottom line, final numbers that count. Good luck.

manmp1 · November 2013

I went to a dealership today in MA..
2014 jeep overland 4x4 with all the options list price of 49,100.
with 5 thousand down my payment would be 450 a month for 3 years/ 10k miles
what do you think?

ducat13 · November 2013

Hello - Can I please get money factor and residual on a 27-month lease with 10K miles per year? 2014 Grand Cherokee Limited 4x2

Thanks!

kyfdx · November 2013

2014 Grand Cherokee Limited 4x2 27mo, 10K/yr
.00055 MF and 64% residual

regards,
kyfdx

erie1234 · November 2013

Thanks! Now that it is mid month would these numbers change?

flagrl · November 2013

Kyle,

Could you please help me. We are interested in purchasing a Jeep Grand Cherokee Limited 4X2 for 36 months at 15,000 miles. Could you please provide me with the residual and money factor.

Also, not sure if you know anything but I see under incentives a $3,250 Independent Lease Incentive available, we cant lease through Ally or US Bank. Do you know other companies we would lease through? And would the money factor change if we went through a different leasing company?

I appreciate your help!

yortman100 · November 2013

Need some help with my lease. Base model grand cherokee laredo 4x4 with no options.

10,000 miles a year
36 or 39 month lease
MSRP $31,990

What would be a good deal for my cap cost ($28,000??) Can I get invoice or below invoice price on this car? What would invoice be on a $31,990 msrp price?

Can I get into the low $200's for a monthly payment?

moonsault270 · November 2013

Any ideas on this? I cant help but feel like I am getting hosed on this bank fee. Tried calling Ally but they werent much help.

thorp · November 2013

Kyle,
I received a quote from a reputable dealer in NY for a Grand Cherokee Limited 39-month term. MSRP is $40,888. Itemized costs are as follows.
vehicle cost - 39,103
markup - 100
acq fee - 895.00
fees & insurance - 371.50
less: trade-in - $9,800
less: rebate - $3,750
total cap reduction - $13,550
cap cost - $26,919.50
capped taxes - $1,135.51
total cap cost - $28,055.01

monthly payment - $242.38
$0.25 excess mileage charge
residual 51%
disclosed rate - .00118 (is this the money factor?) if so, seems high

Please advise if this offer appears reasonable and if there is room for negotiation. Also, i see on various dealer sites that a 36-month term is offered. Any ideas of the pros and cons of 36 vs 39 month term?

Thanks
Paul

tompomp · November 2013

I wasn't given details but how does this sound (considering this is in NYC with higher tax rate)?

Jeep GC Limited, 20" wheels, navigation
12k miles/yr
39 month lease

$440/monthly payment
$2,000 down payment ($1,560 + $440 first month = $2,000 down)

kyfdx · November 2013

2014 Jeep Grand Cherokee Limited 4X2 36mo, 15K/yr lease
.00036 MF and 50% residual (39 month residual is also 50%)

These are Chrysler Financial numbers.. Only the dealer will know if he can give you a better deal with another bank... .and, yes... the numbers will be different (worse).

regards,
kyfdx

kyfdx · November 2013

Every lease has an acquisition (aka bank) fee... I don't know what Ally's base fee is... but, a lot of banks allow the dealer to mark up the fee for extra profit.

For comparison, Chrysler Capital's bank fee is $595...

regards,
kyfdx

kyfdx · November 2013

First.. I don't know if your lease is through Chrysler Capital.. those are the only numbers I have..

This month, on Grand Cherokees, CC is offering the same residual for 39 month leases as 36.... In that case, it makes the 39 month lease a better deal..

If .00118 is your money factor, then that is high, and probably marked up... Depending on 4WD or 2WD, the money factor from CC is .00036 or .00028.

Also, think about your trade-in.... you are making a $9800 downpayment on this lease.... if you factored that into your payment, it would be $550/mo. or more... That is the true cost of the lease..

regards,
kyfdx

stoavio · November 2013

Hi kyfdx,

Do these numbers hold true for 39mo at 12k as well?

Thanks.

kyfdx · November 2013

12K/yr residuals are 2% higher than 15K/yr residuals..

ijoey1017i · November 2013

Hey I read someone got a Summit for 0 down and about $650 a month...... I think it was 36/12k 52% .00009583333 lease rate and baout 7.5% off MSRP....

I've been to 2 dealerships here in CT and one quoted me first month down and fees $775 for a summit!!! and $650 for an overland.... Went to another and got $776 for Summit and $625 for overland? Is this normal I emailed a dealership in NY and asked if they could match the deal above for the summit for $650ish and they said yes but I'm going there tomorrow so we will see.....

Anyone get a good deal in south CT or New York and can recommend a dealership/ Salemans

thanks in advance

gbot · November 2013

Hello

Can I please get money factor and residual on a 24-month lease with 12K and 15K miles per year? 2014 Grand Cherokee Limited 4x4, MSRP ~$40K

How (if at all) does a Chrysler Friends and Family discount affect these numbers?

Thanks!

none_ya · November 2013

Here is my deal from East Hills, NY in November 2013. How'd I do?

Specs

2014 Jeep Grand Cherokee Limited
V6, 4x4
Luxury Group II
20" Wheels
Blk/Blk

Deal Pts

Payment $466/month
MSRP $44,985
Cap Cost $37,653
Cap Tax $2,112 (taxes rolled into monthly payment)
Total Cap $39,765
Res Value $23,320 (53%)
Miles 12K/yr
Months 42
Money Factor .00118 (APR 2.832%)

kyfdx · November 2013

2014 Grand Cherokee Limited 4x4 27mo, 15K/yr lease
.00043 MF and 63% residual... Add 2% for 12K/yr

I gave you the 27 month numbers, as they are much better than the 24 month program... Any discounts wouldn't affect the money factor or residual.

regards,
kyfdx

none_ya · November 2013

For 12k/yr and 39 months, you should easily be able to get an Overland for $625/mo with $0 and taxes rolled into the monthly payment.

However, 42 months should drop your monthly to $605-ish range.

Larger question is why in the world would you pay 600/month for a Jeep GC Overland? Save yourself $150-200/month and get the GC Limited with the Luxury Group II pkg and add the 20" rims. Then, the ONLY 4 differences are the Overland badges, wood steering wheel, hydraulics which you will never use, and body color moldings (of which is indifferent if you are getting a dark color). Literally, that is the difference!

stoavio · November 2013

While I don't disagree with your point, I'm pretty sure your savings aren't going to be that significant. You might be able to shave close to $100 off your monthly payment but not $150-200.

2014 Jeep Grand Cherokee Lease Questions

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