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2014 Jeep Grand Cherokee Lease Questions
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Comments
Could I get the numbers for the following please.
It seems like I'm the minority here going for a Laredo.
Laredo 4x4, 15k year, 36 months
Laredo 4x4, 15k year, 27 months (better deal than 24 months?)
Also, is there any lease incentives from Chrysler ?
Thank you so much!
MSRP $39,585
*tow package
*15,000 miles per year
$2,500 total out-of-pocket (includes first payment, tax, title, registration, document service charge)
Payment of $436 for 39 months (down from original quote of $445)
Is this a fair deal??
.00022 MF and 53% residual
27 month
.00033 MF and 63% residual
The 27 month deal looks a little better than 24 months on this model.
I don't have incentive information.
regards,
kyfdx
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2014 GC Limited 4x4
Nav
sunroof
Max steel/Blk int
450/month taxes/fees rolled. in.
Due at signing first month and tags.
CC is the finance company.
MF .00130 (i think) Residual 52%
im also looking to trade in my 2011 Laredo with leather/nav/sunroof/backup cam (i think E package) with 31.5K miles for $23 K
I think there is room on both the lease price, and the purchase price of my old car... thoughts?
Jeep GC Limited 4x4
Nav, sunroof, 20" wheels
39 mo, 12k/yr
MSRP: 42,175
Total Cap Cost: 36,650
Residual: 55%
MF: .00118
Down Pmt: 1,197 (1,100 cap reduction) + first month
$437/mo (incl taxes)
Do you have the December residuals and money factors for the following:
2014 JGC Limited 4x4
2014 JGC Overland 4x4
Both will be 15k miles per year; 36 and 39 month figures please.
Thank you very much.
Im looking to lease a 2014 JGC limited 4x4 white/black. The options that I would like to have Are the 20" rims,8.4 navi (not the 4000$ package), and sunroof.
I'm in the NY area and would like to know what I'd being looking as a far as a monthly payment should be. I have 4 months left on a lease at $260 a month. I dont want to put anything down except first months payment,and roll taxes and fees into payments and for dealer to pay remaining lease off.
I have been "quoted" already a $479 and $469 payment. Actual numbers I really didn't get into.
Any information anyone has on what I should be paying and what I should be getting this for I would greatly appreciate.
Thanks in advance.
I worked on your numbers and can't get Total Cap Cost to match what you say the monthly payment is given the money factor, lease term and residual.
This appears to be a 14% savings on MSRP and 10% on invoice, which is unheard of as far as I'm aware. Additionally, the only way I can get your monthly payment to match is if the money factor used is 28.4% (0.00118) which gets us to a payment of $452/mo. This makes sense to me seeing as the residual is so high on such a long lease term.
I assume there is roughly a $1278 holdback on the truck but in order to get the selling price you provided ($37,765), the dealer would've had to have given up the entire hold back AND then an extra $2766.
If you actually got this deal, I think you may have gotten the deal of a lifetime. I'm not sure it's possible to save $6,332 off sticker on this vehicle.
Can anybody make these numbers make sense??
Ken W.
Could you tell us what dealership you got this deal at? Are you using any Chrysler incentives to get there?
I'm in MA and am purchasing the vehicle at Jeep 24 in Brockton, MA. There is a $1k "lease acquisition" incentive that was applied. I know the former owner of the dealership, so I think that helped...a lot. So far they have been pretty good to deal with. Look for my GC diesel reviews in a few weeks. I've driven a couple of Limiteds and they have been great! Looking forward to 30 mpg highway in an SUV.
After taking that calculation all the way through to monthly payment, there's some piece of info missing I think. I'm not sure what MA registration fees look like (I'm in CA, where tax is 8%, and the registration fee is ~$461). Using a residual of 47%, a money factor of .00013, MSRP of $53,685, selling point of $44,435, title registration & gov't fees of $461, Chrysler Acquisition fee of $595, $0 down, I get a monthly payment of $573. So somewhere another $86 / mo is getting added... Could be taxes + registration difference, but that seems like a pretty big difference.
However, I still think you're getting a great deal! I thought I had a really good deal laid out @ $2k under invoice. $2k under invoice for your exact options (assuming I've got those guessed correctly) and your mileage/term length, would result in $665 / mo payment here in CA, which is dang near your stated offer.
At the end of the day, I still personally think that's a very good deal (slightly better than mine, which I thought was a great deal), even if it's not the absolutely outrageous one it appeared to be at first glance!
Which calculator did you use? - post a link if you would. I'm waiting for the particulars on the lease so I can pull it apart like you did. Title and registration fees are higher here. Sales tax is 6.25%, but there is also excise tax (like an ownership tax) that may not exist there that is included in the monthly fee. On a similar vehicle (diesel Limited) they had the acquisition fee at $695 - $100 higher than you listed. I'm not sure what bank they are using so could be part of it. I shopped at least a dozen other dealers and all were over $700 - so I think the deal is pretty good. They even threw in rubber mats for winter!
They are telling me Chrysler Capital just changed the residual from 53% to 51% as of Dec. 3rd.
Could you let me know if these numbers seem in line? Thanks for the help!
Jeep GC Limited 4x4
23H Pkg
Trailer Tow
Power Roof
Uconnect 8.4AN
36 mo
15k/yr
MSRP: 41,675
Selling price / Cap Cost: 39,988
Residual: 51%
MF: .00028
Down Pmt: $3,000. (including the 1k lease loyalty rebate as our current Jeep lease is ending)
Payment "estimated" at $551/mo (w/tax)
Do you have the December residuals and money factors for the following:
2014 JGC Limited 4x2 at 15k miles per year; 36 months.
Thank you very much!
I come here seeking assistance much like I have received in the past on this site. This time I am seeking a GC Limited 4x4 w/sunroof (or Lux II package) and I would like to know money factor and residual rates for December in the Philadelphia suburbs. Also, any current promotions would be helpful. Seems like a lot of different models so hard to get good information here. Any clarity would be appreciated!! Thanks.
MSRP: $41,875
Invoice: $39,996
Total Selling Price: $39,988
Cap Cost: $36,988
Tax: $2,589.16 at 7%
Net Cap Cost: $39,832.16
Total Inception Fees: $2,000 (Cash down)
Sticker Savings: $1,887 (5%)
Invoice Savings: $0.00 (dealer is charging you +$22 more than invoice)
Money factor: 6.7%
Residual Value: $21,356.25 at 51%
Lease Term: 36 mo.
Depreciation Fee: $513.22
Finance Fee: $17.13
Monthly Tax: $71.92
Summary:
Based on the numbers above your monthly payment should be closer to $530/mo. Additionally, you haven't saved anything off of the invoice. If you managed to get the dealer to give up $500 on the holdback, that would put your monthly payment closer to $515/mo with $2,000 cash down.
Also, you should think of it this way. If you weren't giving the dealership 2k down upfront, then the deal they're giving you is basically $590.40/mo.
Hope that helps.
I made a typo above.
Tax: $2,729.16 at 7%
That would make the $530 I quoted above go up to $534.
GC Limited 4x4 V6
27mo 15k/yr
36mo 15k/yr
39mo 15k/yr
GC Limited 4x4 Ecodiesel
27mo 15k/yr
36mo 15k/yr
39mo 15k/yr
Also looking at Overlands but hate to push my luck asking.
Looking for December residual and money factor for the following:
2014 JGC Limited 4x4
15k miles per year; 36 and 39 month figures please. Chicago region.
Thank you very much.
I think maybe you left out that the %6.25% MA sales tax is included. A couple of the fees are a little higher here but it comes out right when I crunch the numbers and then add the tax back in. I don't see anything buried and they told me I could buy the car (financed or cash) for the same $44, 435 figure. Hoping to take delivery on it by Wednesday. Not a lot of Overland diesels out there just yet.
.00028 MF and 51% residual... same residual for 36 months
.00043 MF and 63% residual for 27 months
I don't show the engine (gas or diesel) making a difference in rates.
regards,
kyfdx
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.00013 MF and 47% residual... same residual for 36 months
regards,
kyfdx
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.00036 MF and 50% residual... 36 month lease has the same residual
regards,
kyfdx
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.00028 MF and 51% residual
regards,
kyfdx
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They are offering 36 month lease
330 a month
15k miles a year.
This would be my first lease.however this dealership has sold me 5 new cars and have always been very fair to me.other dealerships only offered me 4k less for my wrangler.
Need to deciede in the next few days.
Please advise
Thank you bill
What are the residual and money factors on the 2014 Jeep Cherokee Limited FWD for 39 months, based on 15,000 miles per year?
.00037 MF and 50% residual
$ZERO acquisition fee on this model and term for this month through Chrysler Capital.
regards,
kyfdx
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So is 51% residual correct / current at this time on this JGC 4x4 (cant seem to find current residuals posted anywhere) ?
As well, they say that the vehicle had been a dealer trade and all hold-back was kept by the previous dealer (hence lack of invoice savings)
Is this standard practice of a dealer keeping hold-back on a dealer trade vehicle?
Thanks!!
.00028 and 59% residual
regards,
kyfdx
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I've heard about the original dealer keeping the holdback, but if they traded, then they kept the holdback on the other unit, so it should be a wash for them, right?
If not, then that's not a unit I want, if I can get another unit cheaper...
regards,
kyfdx
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2014 Jeep Grand Cherokee Laredo 4x2, 12,000 miles for 36 months and 39 months?
Thanks!
.00037 MF and 54% residual
39 month residual is 52%
regards,
kyfdx
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Thank you to everyone for all the help here. This is such a fantastic resource for real info and proper advice.
I'll report back with my outcome.
-Cheers!
So I'm looking at either a GC Limited or a C Limited.
Grand Cherokee Limited 4x4 w basic sunroof
(TrueCar.com shows only a $1000 credit for competitive leases and gives a price quote around
$37620 for a selling price.
Posted above is a .00028 mf and 51% residual (39/15000k)
So we're looking at a 529/month payment + taxes (assuming 0 down sign and drive style)
Cherokee Limited 4x4 w luxury package and sunroof MSRP $33980
TrueCar.com is listing $1000 credit for competitive leases and an additional $500 for dealer incentive and gives a price quote around $31000 for selling price.
Posted above is a .00037 mf and 50% residual (39/15000k)
So we're looking at a 450/month payment + taxes (assuming 0 down sign and drive style)
Does everything here look correct?
Anyone know of any xmas/year end type promotions?
Has anyone done better? I'm looking to lease one of these towards the end of the month hoping to work the end of month/end of year dealer desperation!
Looking at a 2014 GC Overland and looking for the Dec/Jan Lease MF and Residuals for 36 Month, 10K miles/yr. Do the numbers change based on options (3.6L vs 5.7L primarily). Thanks in Advance!
2014 GC Overland 4WD 36mo, 10K/yr lease
.00013 MF and 50% residual... The 39 month residual is also 50%
I don't show that engine choice or options make any difference, other than 4WD/RWD and trim line.
regards,
kyfdx
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I'm looking at leasing a 2014 Grande Cherokee Limited and was looking for feedback on the deal. Any guidance would be greatly appreciated.
Thank you for any assistance and your time.
Shawn
Hello,
I am shopping for Summit 4x4 with the DVD player….I am getting run arounds from the dealers in my area (DC/MD/VA) can you please confirm the MF, residual and rebates on the GC summit. I am looking to lease for the following terms: 10K/yr miles 27/36/39 months residuals and MF. Dealers are playing games showing me different finance companies information and jacking up mark up on MF…..I believe that Chrysler capital is the best way to lease this truck but dealers seems to be claiming that Chrysler Capital have better rates but they are not combinable with the lease rebates. Can you please confirm if that's the case…Thanks for your help in advance.
AJ
In my area (DC/MD/VA) there are two rebates conquest $1000 & lease bonus cash $3250…..Good Luck!
2014 GC Summit 4WD 39mo, 10K/yr lease
.00024 MF and 46% residual. 36mo residual is 48%.
27 month: .00043 MF and 58% residual.
I'm sorry, but I don't have the answer to your rebate question.
regards,
kyfdx
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I'm looking at leasing a 2014 Grande Cherokee Limited and was looking for feedback on the deal. Any guidance would be greatly appreciated.
Thank you.
Shawn
Thank You…..Much appreciated.
Happy Holidays!
Hi KYFDX & everyone else....
I am looking to lease a 2014 Jeep GC Limited 4x4 for 36 months & 12k miles.
Options: Luxury Package II & 20" wheels.
Can you provide me with the current residual for this vehicle & money factor for top tier credit?
Looking to pull the trigger this week so if anyone can help, I would be very appreciative...
Also, I have a MSRP of $44,585 / Invoice of $42,377 / TrueCar price of $39,877.
Do those numbers look correct?
Merry Christmas!
2014 Jeep GC Summit 4x4 for 36 months & 12K miles
current residual & money factor?
2014 GC Limited 4WD 36mo, 12K/yr lease
.00028 MF and 53% residual.
The 39 month term has the same residual, so that is the way I would go..
kyfdx
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