@sein3 said:
Can you please provide the MF and Residual for a Jeep Grand Cherokee Limited 4X4 lease for 3 years and 10k per year. In NY. Sorry can you provide for both 36 months and 39 months.
.00015 MF for both
36/10 - 57%
39/10 - 49%
Looks like 36 months is the way to go on this model.
Does Jeep provide discounts to the MF if I post several security deposits? BMW base MF is .0013 but can be lowered to .00081 by posting 7 security deposits - can anything be done with Jeep to lower the MF? Reading through the thread, I've seen some ridiculous MF quotes (up to .003!) which feels like theft if you have good credit
@r2r2 said:
Does Jeep provide discounts to the MF if I post several security deposits? BMW base MF is .0013 but can be lowered to .00081 by posting 7 security deposits - can anything be done with Jeep to lower the MF? Reading through the thread, I've seen some ridiculous MF quotes (up to .003!) which feels like theft if you have good credit
Thanks
I'm not aware of an MSD program from Chrysler like many of the luxury brands offer.
@r2r2 said:
Does Jeep provide discounts to the MF if I post several security deposits? BMW base MF is .0013 but can be lowered to .00081 by posting 7 security deposits - can anything be done with Jeep to lower the MF? Reading through the thread, I've seen some ridiculous MF quotes (up to .003!) which feels like theft if you have good credit
Thanks
Chrysler Finance's base money factors are already incredibly low.. 1/10 of what BMW is using.. You just need to find a dealer that won't mark up the money factor.
@r2r2, the base money factor is damn near a 0% equivalent rate--basically free money. Much lower than what the luxury brands are able to offer, and you don't have to tie up a bunch of cash in MSDs during the lease. Time value of money lesson--always good to minimize out of pocket costs (including deposits) when you can get an interest rate lower than inflation.
Just shop around until you get the price you want. We just leased a 4X4 Overland Hemi for $535/mo, and only first month due at signing. I outlined it in a May 30th post, above.
Only negative thing I have to say is the negotiating and signing process was a pain in the [non-permissible content removed] compared to the luxury vehicles we've leased in the past.
@jakedog12 said:
2014 GRAND CHEROKEE OVERLAND -- Do you know the Money Factor and Residual Value for this vehicle assuming a 36 month lease and 15k miles per year?
jtn1983 and kyfdx - totally agree on the time value of money perspective. seems like the base MF is actually quite good - close to 0.4% APR for certain models which is fantastic. great deal on the overland. it seems like a lot of folks in the thread get quoted initially much higher than that (up to 7% apr). negotiate hard enough and you are essentially just paying for the car's depreciation... great deal
i was initially looking at the quotes some folks had posted which came up to 5%+ apr and assumed those had been worked down
Hello Michaell and kfdx - I am looking to lease a 2014 Jeep GC 4X4 Limited SUV with nav + sunroof in NY (Long Island). The lease term I am looking at is 39 months and 12K miles per year. The dealers I have spoken to have quoted the MSRP of $41,405. One of the dealer has quoted a RV of 53% and MF of 0.0011. I am still chasing the other dealers to provide me the RV and MF. Would you be able to provide the RV and MF on the same in NY? for 39mos/12K and for 36mos/12K? Thank you very much.
@firstimelease said:
Hello Michaell and kfdx - I am looking to lease a 2014 Jeep GC 4X4 Limited SUV with nav + sunroof in NY (Long Island). The lease term I am looking at is 39 months and 12K miles per year. The dealers I have spoken to have quoted the MSRP of $41,405. One of the dealer has quoted a RV of 53% and MF of 0.0011. I am still chasing the other dealers to provide me the RV and MF. Would you be able to provide the RV and MF on the same in NY? for 39mos/12K and for 36mos/12K? Thank you very much.
Hey everyone! So a little update from April. I ended up getting the JGC Limited 4x4 with Nav and Sunroof 389/month for 39 months 12k miles/yr I think it was like $3500 down I believe the MSRP was $41,205 and the selling price went down to about $34,xxx. Dealer paid for my current lease payments $1,000 for April, May and June even though we were in the middle of April.
This was done in Long Island, so if anyone needs a recommendation please PM me! Please to help a fellow Jeep lover!
@Michaell. Thank you! Will post my experience once I finalize the dealer and the deal.
@jamlovesgrapes. I am looking at deals in LI. Can you tell me your dealer/sales person? $3500 down and 389 per month sounds good. Does your monthly include tax? Thanks again for your inputs.
Looking to lease for 36 months 2014 Grand Cherokee Limited 4X2. 12,000 miles, $3500 down, 658 credit score, MSRP $38,210. Also qualify for $500 rebate.
What would the residual and MF be?
@flabuyer1 said:
Looking to lease for 36 months 2014 Grand Cherokee Limited 4X2. 12,000 miles, $3500 down, 658 credit score, MSRP $38,210. Also qualify for $500 rebate.
What would the residual and MF be?
.00021 and 55%.
Not a good idea to make a down payment on a lease - if the vehicle is stolen or totaled, you are out that money.
Hello and I hope this posts in the correct location...
Central California, negotiated a price on 2014 GC Summit 4x4 Eco Diesel, MSRP of 59,280, negotiated down to $ 51,740
Dealer is quoting lease, 36 mos, 12k/yr, 52% residual, money factor at .00064, with 5k down, payments would be $705/mo plus tax. This doesnt seem right, money factor seems about 1% higher than Chryslers quoted, but not sure. Any info is appreciated.
@runningspur said:
Hello and I hope this posts in the correct location...
Central California, negotiated a price on 2014 GC Summit 4x4 Eco Diesel, MSRP of 59,280, negotiated down to $ 51,740
Dealer is quoting lease, 36 mos, 12k/yr, 52% residual, money factor at .00064, with 5k down, payments would be $705/mo plus tax. This doesnt seem right, money factor seems about 1% higher than Chryslers quoted, but not sure. Any info is appreciated.
It sure doesn't seem right.. The base MF is .00022, which is marked up the maximum allowed by Chrysler Finance.. But, even using your numbers, the payment should only be $634/mo.+tax and that's with no Cap cost reduction. $5000 upfront and $705/mo.+ tax? Someone needs a new calculator. I'd ask them for the adjusted CAP cost on the deal... There are some big numbers hiding in there.
With the base MF, the payment would be about $599/mo.+tax.
Thank you for confirming my numbers! Generally speaking are the Chrysler leases ok? Is there a big buyout fee or turn in fee at the end of lease terms?
Also does the Money Factor change for a 15k lease vs a 12k lease?
@runningspur said:
Thank you for confirming my numbers! Generally speaking are the Chrysler leases ok? Is there a big buyout fee or turn in fee at the end of lease terms?
Also does the Money Factor change for a 15k lease vs a 12k lease?
No difference in MF based on mileage, only lease term.
MF on Chrysler leases is low.
I don't see any sort of disposition fees with Chrysler leases.
@runningspur said:
Is the normal "bank fee" $795, on a 14' GC 4x4 Summitt Diesel lease? So Chrysler charges a "bank fee" and the money factor of 0.53% ?
I see an acquisition fee of $595, the dealer can mark it up if desired.
Dealer sent me this worksheet, not sure if the numbers are legit and jive with our verbal or not. Here was the agreed verbal deal:
14' GC 4x4 DIESEL Summit w/ rear Bluray, MSRP, $59280, dealer discounted to $52,759. I qualify for a 1k Conquest bonus and will put 3k down, for 4k total. 36m/15k yr. In advance thank you for your advice!
@runningspur said:
Dealer sent me this worksheet, not sure if the numbers are legit and jive with our verbal or not. Here was the agreed verbal deal:
14' GC 4x4 DIESEL Summit w/ rear Bluray, MSRP, $59280, dealer discounted to $52,759. I qualify for a 1k Conquest bonus and will put 3k down, for 4k total. 36m/15k yr. In advance thank you for your advice!
Other than the bank fee being marked up $200, I don't see any red flags there. While the residual isn't very strong, you get a big discount, and the finance portion is dirt cheap. ($17.74/mo.) The dealer isn't trying to slide anything by you, that I can see. The line that says "Tax on Doc Fee" is actually the tax on the CAP reduction (in case you were wondering).
Comments
Can you please provide the MF and Residual for a Jeep Grand Cherokee Limited 4X4 lease for 3 years and 10k per year. In NY.
Sorry can you provide for both 36 months and 39 months.
.00015 MF for both
36/10 - 57%
39/10 - 49%
Looks like 36 months is the way to go on this model.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Does Jeep provide discounts to the MF if I post several security deposits? BMW base MF is .0013 but can be lowered to .00081 by posting 7 security deposits - can anything be done with Jeep to lower the MF? Reading through the thread, I've seen some ridiculous MF quotes (up to .003!) which feels like theft if you have good credit
Thanks
I'm not aware of an MSD program from Chrysler like many of the luxury brands offer.
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Chrysler Finance's base money factors are already incredibly low.. 1/10 of what BMW is using.. You just need to find a dealer that won't mark up the money factor.
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Just shop around until you get the price you want. We just leased a 4X4 Overland Hemi for $535/mo, and only first month due at signing. I outlined it in a May 30th post, above.
Only negative thing I have to say is the negotiating and signing process was a pain in the [non-permissible content removed] compared to the luxury vehicles we've leased in the past.
Good luck!
2014 GRAND CHEROKEE OVERLAND -- Do you know the Money Factor and Residual Value for this vehicle assuming a 36 month lease and 15k miles per year?
4X4? .00010 MF and 51% residual
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@kyfdx@edmunds: I apologize I wasn't specific. I meant 4x2. Does that change the money factor and the residual?
It does ... .00012 MF and 49% residual.
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Thank you!
jtn1983 and kyfdx - totally agree on the time value of money perspective. seems like the base MF is actually quite good - close to 0.4% APR for certain models which is fantastic. great deal on the overland. it seems like a lot of folks in the thread get quoted initially much higher than that (up to 7% apr). negotiate hard enough and you are essentially just paying for the car's depreciation... great deal
i was initially looking at the quotes some folks had posted which came up to 5%+ apr and assumed those had been worked down
Hello Michaell and kfdx - I am looking to lease a 2014 Jeep GC 4X4 Limited SUV with nav + sunroof in NY (Long Island). The lease term I am looking at is 39 months and 12K miles per year. The dealers I have spoken to have quoted the MSRP of $41,405. One of the dealer has quoted a RV of 53% and MF of 0.0011. I am still chasing the other dealers to provide me the RV and MF. Would you be able to provide the RV and MF on the same in NY? for 39mos/12K and for 36mos/12K? Thank you very much.
MF is .00015.
36/12 residual is 56%
39/12 is 48%
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So a little update from April.
I ended up getting the JGC Limited 4x4 with Nav and Sunroof
389/month for 39 months
12k miles/yr
I think it was like $3500 down
I believe the MSRP was $41,205 and the selling price went down to about $34,xxx.
Dealer paid for my current lease payments $1,000 for April, May and June even though we were in the middle of April.
This was done in Long Island, so if anyone needs a recommendation please PM me! Please to help a fellow Jeep lover!
@jamlovesgrapes. I am looking at deals in LI. Can you tell me your dealer/sales person? $3500 down and 389 per month sounds good. Does your monthly include tax? Thanks again for your inputs.
Looking to lease for 36 months 2014 Grand Cherokee Limited 4X2. 12,000 miles, $3500 down, 658 credit score, MSRP $38,210. Also qualify for $500 rebate.
What would the residual and MF be?
.00021 and 55%.
Not a good idea to make a down payment on a lease - if the vehicle is stolen or totaled, you are out that money.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is that lease factor a Tier 2 because of the credit score? Do you know how the Tiers are broken down by score?
All the MF quoted assume tier 1 credit. Chrysler does not provide information on how credit scores affect which tier a customer belongs to.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Will you please confirm whether the base MF for a 4x4 Overland on a 36 mo. lease at 12k mi. per year is .00010 or .00001? Thanks.
.00010. And, 53% residual.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Anyone have info on the Limited 24 month 12,000
.00009 MF and 65% residual for 4X4
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Hello Michaell - Can get the MF and resid for a 4X4 Altitude 36 mos./12K miles. Same for a 4X4 Limited in Tennessee?
Altitude 36/12 - .00005 and 56%
Limited 36/12 - .00015 and 56%
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Hello and I hope this posts in the correct location...
Central California, negotiated a price on 2014 GC Summit 4x4 Eco Diesel, MSRP of 59,280, negotiated down to $ 51,740
Dealer is quoting lease, 36 mos, 12k/yr, 52% residual, money factor at .00064, with 5k down, payments would be $705/mo plus tax. This doesnt seem right, money factor seems about 1% higher than Chryslers quoted, but not sure. Any info is appreciated.
It sure doesn't seem right.. The base MF is .00022, which is marked up the maximum allowed by Chrysler Finance.. But, even using your numbers, the payment should only be $634/mo.+tax and that's with no Cap cost reduction. $5000 upfront and $705/mo.+ tax? Someone needs a new calculator. I'd ask them for the adjusted CAP cost on the deal... There are some big numbers hiding in there.
With the base MF, the payment would be about $599/mo.+tax.
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Thank you for confirming my numbers! Generally speaking are the Chrysler leases ok? Is there a big buyout fee or turn in fee at the end of lease terms?
Also does the Money Factor change for a 15k lease vs a 12k lease?
No difference in MF based on mileage, only lease term.
MF on Chrysler leases is low.
I don't see any sort of disposition fees with Chrysler leases.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello,
Thanks for your time. I was hoping for June MF and Res in VA for JGC Limited 4x4. 36month/12kper year.
.00015 and 56%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Could I get the June MF and Res for 4X2 Limited and Overland, V6 and Diesel?
Thanks!
What lease term and miles per year?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36 mos, 12k
Thanks!
.00005 ad 56%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36 months, 12k per year. In Houston Tx.
Limited V6 - .00015 and 54%
Limited Diesel - .00015 and 56%
Overland V6 - .00010 and 51%
Overland Diesel - .00010 and 53%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is the normal "bank fee" $795, on a 14' GC 4x4 Summitt Diesel lease? So Chrysler charges a "bank fee" and the money factor of 0.53% ?
I see an acquisition fee of $595, the dealer can mark it up if desired.
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Dealer sent me this worksheet, not sure if the numbers are legit and jive with our verbal or not. Here was the agreed verbal deal:
14' GC 4x4 DIESEL Summit w/ rear Bluray, MSRP, $59280, dealer discounted to $52,759. I qualify for a 1k Conquest bonus and will put 3k down, for 4k total. 36m/15k yr. In advance thank you for your advice!
Other than the bank fee being marked up $200, I don't see any red flags there. While the residual isn't very strong, you get a big discount, and the finance portion is dirt cheap. ($17.74/mo.) The dealer isn't trying to slide anything by you, that I can see. The line that says "Tax on Doc Fee" is actually the tax on the CAP reduction (in case you were wondering).
Good luck!
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Can someone send me the MF and RV for 4x4 GC Limited 12K/36 and 10k/36?
.00015 and 54% for 36/12. add 1% for 10k
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I receive the MF and residual for a 4X4 Altitude & Limited 36 mos./15K miles in New York/New Jersey? Thanks in advance!
Altitude - .00005 and 54%
Limited - .00015 and 54%
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Michaell, Thanks for the help. Forgot to add that this would be a MA (Boston Area) lease. Will that change anything?
Nope - the Chrysler Finance numbers are national.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
just left dealer for a 2014 Jeep Cherokee Sport. 12k miles a year, 36 month lease. is this a fair deal?