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2014 Jeep Grand Cherokee Lease Questions

1568101150

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  • MSRP $53685 - Sale price $44,435. Discount = $9250.00. Lease quote for 39 month, 15k miles, $0 down is $659/month, including tax and all registration fees, etc. rolled in. Seems to fit with the residual/money factor numbers quoted here. kyfdx that sound right to you? I've shopped this pretty hard with the internet sales forces out there and this seemed to be the best deal. Thoughts? Thanks for the feedback.

    Ken W.
  • I agree, that's an outrageous deal. I thought I had shopped pretty hard, but you're saving more than $4k more than me on effectively the same vehicle!

    Could you tell us what dealership you got this deal at? Are you using any Chrysler incentives to get there?
  • Bryan,

    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.
  • I was just looking at your sale price before, which sounded to good to be true, so I took your numbers and ran them all the way through my calculator.

    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!
  • Bryan,

    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!
  • Here's what I was just quoted from a dealer in Knoxville, TN
    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)
  • flagrlflagrl Posts: 13
    Hello kyfdx,

    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!
  • maxlevmaxlev Posts: 22
    Hello Edmunds.

    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.
  • stoaviostoavio Posts: 15
    edited December 2013
    I ran the numbers you provided through a custom lease analysis tool I developed. Here is what I'm showing for a vehicle with those options in your state:

    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.
  • Hey skip -

    I made a typo above.

    Tax: $2,729.16 at 7%

    That would make the $530 I quoted above go up to $534.
  • Kyle, Would really appreciate updated lease terms for the following

    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.
  • bja104bja104 Posts: 26
    kyfdx, are you around?

    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.
  • Bryan,

    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.
  • kyfdxkyfdx Posts: 31,090
    2014 GC 4x4 Limited 39mo, 15K/yr lease
    .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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 31,090
    2014 JGC Overland 4x4 39mo, 15K/yr lease
    .00013 MF and 47% residual... same residual for 36 months

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 31,090
    2014 JGC Limited RWD 39 mo, 15K/yr lease
    .00036 MF and 50% residual... 36 month lease has the same residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 31,090
    2014 JGC Limited AWD 39mo, 15K/yr lease
    .00028 MF and 51% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi everyone I'm about to pull the trigger on a 2014 overland sticker $47190.im trading in my 2012 wrangler.i have 7k equity so I'm putting 7k down on the overland.
    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 :)
  • Hi kyfdx, posting this here per your recommendation as the new 2014 Jeep Cherokee lease forum doesn't exist yet.

    What are the residual and money factors on the 2014 Jeep Cherokee Limited FWD for 39 months, based on 15,000 miles per year?
  • Hello, can you tell me what dealer in CA you got your deal from? I am CA as well and your deal sounds excellent. Thanks!
  • kyfdxkyfdx Posts: 31,090
    2014 Jeep Cherokee Limited FWD 39mo, 15K/yr lease
    .00037 MF and 50% residual
    $ZERO acquisition fee on this model and term for this month through Chrysler Capital.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Kyle, thanks so much for the info. The 27 month figures for the limited have me intrigued, is there a similar program for the overland? 15k/yr.
  • Thanks for the fast reply and all of your info!

    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!!
  • kyfdxkyfdx Posts: 31,090
    2014 GC Overland 4WD 27mo, 15K/yr lease
    .00028 and 59% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 31,090
    Yes.. 51% is correct..

    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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

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

    2014 Jeep Grand Cherokee Laredo 4x2, 12,000 miles for 36 months and 39 months?

    Thanks!
  • kyfdxkyfdx Posts: 31,090
    2014 Jeep Grand Cherokee Laredo RWD 36mo, 12K/yr lease
    .00037 MF and 54% residual

    39 month residual is 52%

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Excellent point!! Hold-back *should* be a wash in that scenario.
    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!
  • maxlevmaxlev Posts: 22

    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!

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