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2014 Jeep Grand Cherokee Lease Questions

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  • bradmc1997bradmc1997 Member Posts: 12

    This the proposed deal I got from the dealer for an Overland 4x4 with MSRP of $47,190. Cap cost of $44,000, money factor of .00052 for 3 yr/12k mile per year lease. Thoughts??

  • kyfdxkyfdx Moderator Posts: 266,889

    @fatstick418 said:
    just left dealer for a 2014 Jeep Cherokee Sport. 12k miles a year, 36 month lease. is this a fair deal?

    Is what a fair deal?

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  • kyfdxkyfdx Moderator Posts: 266,889

    @bradmc1997 said:
    This the proposed deal I got from the dealer for an Overland 4x4 with MSRP of $47,190. Cap cost of $44,000, money factor of .00052 for 3 yr/12k mile per year lease. Thoughts??

    They are marking up the money factor the maximum. Base MF is .00010

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  • fatstick418fatstick418 Member Posts: 0

    this is a printout for the above deal

  • kyfdxkyfdx Moderator Posts: 266,889

    @fatstick418 said:
    this is a printout for the above deal

    If you are trying to attach something, it isn't working..

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  • viper_86viper_86 Member Posts: 2

    Could someone please provide the residual / money factory for a 24/15, 27/15 and 36/15 jeep grand cherokee overland? Thank You

  • fatstick418fatstick418 Member Posts: 0

  • janulbugjanulbug Member Posts: 22

    What is the Money Factor and Residual Value for July on a 2014 JGC Overland 4x2 for a 36 mth lease. 15k miles in Los Angeles CA?

  • gt12109gt12109 Member Posts: 21

    Wanted to run this by the forum. I got offered $448/month pre-MA tax (6.25%) for 12K/36 on a 2014 GC Limited 4x4 with Sunroof, Uconnect 8.4 with Nav and Passenger Fold Seat MSRP $41,405.00. Supposedly the RV was $23,186 (about 0.56) and MF 0.00015. So I tried to back into the monthly calc and came up with ~$2,426 in Cap Cost Reductions. Seemed about right from the other forum posts, TrueCar, Edmonds, etc and appears to be a good deal.

    Anyone have any advice on how to get them a little lower?

  • janulbugjanulbug Member Posts: 22

    GRT2109 Down payment? What was the negotiated price? Are these the new July money factor and residual values? The residual value should be better then last month.

  • aeggroupaeggroup Member Posts: 133

    Hello. Could you post July's RV and MF for GC Lilmited EcoDiesel 4x4 ? Thank you so much.

  • kyfdxkyfdx Moderator Posts: 266,889

    No Chrysler numbers available for July... yet

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  • kyfdxkyfdx Moderator Posts: 266,889

    @fatstick418 said:

    Looks like a decent deal.. .but, I wouldn't want to put $4000 upfront. I would have rolled about $3500 into the payment and taken the $300/mo. payment.

    Did you get it?

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  • viper_86viper_86 Member Posts: 2

    @viper_86 said:
    Could someone please provide the residual / money factory for a 24/15, 27/15 and 36/15 jeep grand cherokee overland? Thank You

    Hi guys - do we have the June MF and Residual at least for a 24 month 15k, 27 month 15k, and a 35 month 15k for an overland 4x4? Thank You!!

  • kyfdxkyfdx Moderator Posts: 266,889

    @viper_86 said:
    Hi guys - do we have the June MF and Residual at least for a 24 month 15k, 27 month 15k, and a 35 month 15k for an overland 4x4? Thank You!!

    .00007 MF and 62% residual for 24 months

    .00010 MF and 51% residual for 36 months

    No support for the 27 month term on this model.

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  • gt12109gt12109 Member Posts: 21

    @janulbug said:
    GRT2109 Down payment? What was the negotiated price? Are these the new July money factor and residual values? The residual value should be better then last month.

    The assumption was zero down payment. Never got to the negotiate price, negotiating broke down yesterday because of the value of the trade in. The lease figures I asked from the dealer were 10K/36 and 12K/36. MF was 0.00015 for both and estimated RV was 0.57 and 0.56 on an MSRP of $41,405. I don't know really know how he got those residuals if National Numbers were 0.55 and 0.54. I'm still going to talk with the dealer to see if we can work something out.

  • MichaellMichaell Moderator Posts: 263,193

    @gt12109 said:
    The assumption was zero down payment. Never got to the negotiate price, negotiating broke down yesterday because of the value of the trade in. The lease figures I asked from the dealer were 10K/36 and 12K/36. MF was 0.00015 for both and estimated RV was 0.57 and 0.56 on an MSRP of $41,405. I don't know really know how he got those residuals if National Numbers were 0.55 and 0.54. I'm still going to talk with the dealer to see if we can work something out.

    It's very possible that your dealer was using a different finance company other than Chrysler Finance - that's quite common for Chrysler manufactured cars and trucks. Different MF and residual, but also different lease cash incentives as well. The only numbers we have are from Chrysler.

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  • bradmc1997bradmc1997 Member Posts: 12

    @kyfdx said:
    They are marking up the money factor the maximum. Base MF is .00010

    Yeah, they wouldn't come off the mark-up, but they gave me more for my trade-in to reduce the Texas sales tax since it's on the whole vehicle.

  • janulbugjanulbug Member Posts: 22

    ******These are the numbers I get from what you provided******
    Money Factor: 0.000150
    Residual Value End of Lease: 56%
    Number of Monthly Payments 36
    MSRP Sticker Price: $41,405.00
    Negotiated Price: $38,000.00
    Trade In: $-
    Down Payment: $-

    Net Capitalized Cost $38,000.00
    Residual Value $23,186.80
    Depreciation Fee 411.4777778
    Financing Fee 9.17802
    Taxs 26.29098736
    Monthly Lease Payment 446.9467851

    I would push for more off sticker:
    Money Factor: 0.000150
    Residual Value End of Lease: 56%
    Number of Monthly Payments 36
    MSRP Sticker Price: $41,405.00
    Negotiated Price: $37,500.00
    Trade In: $-
    Down Payment: $-

    Net Capitalized Cost $37,500.00
    Residual Value $23,186.80
    Depreciation Fee 397.5888889
    Financing Fee 9.10302
    Taxs 25.41824431
    Monthly Lease Payment 432.1101532

  • janulbugjanulbug Member Posts: 22

    Also I would confirm that these are based on July residual value numbers. Think the 4x4 should be a little higher.

  • fatstick418fatstick418 Member Posts: 0

    i didn't take the jeep at the time (printout posted above). wanted to check with you first to see. I loathe the car dealer transaction but this site offers tremendous insight as to a fair deal or not. I went it because the tv ad stated $1500 down, $199/mo payment for a 36 month 12k miles Jeep Cherokee Sport (2014). then they said they wanted $4500 down covering tax,tag,title, etc. I heard if the car is totalled/ stolen that you are out that money, doesn't make sense if the ad on tv states $1500 and then they say they want $4000+ as money upfront

  • baltimore36baltimore36 Member Posts: 0

    Hi, Michaell. I need a sanity check on the following deal. NO money down, 36 Month lease with 15K/yr. 2014 Overland, 4x4, Diesel with a MSRP of $53,780 and a sales price of $46,266. $800 for License/Registration and processing fee. 6% sales tax. Out of the door payment of $690/month. Thank you.

  • baltimore36baltimore36 Member Posts: 0

    Hi, everyone. I need a sanity check on the following deal. NO money down, 36 Month lease with 15K/yr. 2014 Overland, 4x4, Diesel with a MSRP of $53,780 and a sales price of $46,266. $800 for License/Registration and processing fee. 6% sales tax. Out of the door payment of $690/month. Thank you.

  • erf819erf819 Member Posts: 5
    In NJ, I was just quoted for a GC limited 12k/36 lease $417/mo with 2500 down, all fees and taxes included. Is that a good deal? Or should I keep shopping?
  • poopspoops Member Posts: 244
    edited July 2014

    Plan to start hunting for a Grand Cherokee lease this month. Given the new lease laws in Illinois, hoping to get a sensible deal... Anyway, would you please post IL lease figures for:

    • Limited 4x4 (MSRP - $45,855)
      ---- 10K/36mos.
      ---- 12k/36mos.

    • Overland 4x4 (MSRP - $47,190)
      ---- 10K/36mos.
      ---- 12K/36mos.

    Thanks in advance!

  • MichaellMichaell Moderator Posts: 263,193

    @baltimore36 said:
    Hi, everyone. I need a sanity check on the following deal. NO money down, 36 Month lease with 15K/yr. 2014 Overland, 4x4, Diesel with a MSRP of $53,780 and a sales price of $46,266. $800 for License/Registration and processing fee. 6% sales tax. Out of the door payment of $690/month. Thank you.

    We are still waiting for the Chrysler numbers for July -- sorry.

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  • MichaellMichaell Moderator Posts: 263,193

    @erf819 said:
    In NJ, I was just quoted for a GC limited 12k/36 lease $417/mo with 2500 down, all fees and taxes included. Is that a good deal? Or should I keep shopping?

    What was the MSRP and selling price? We're still waiting for the July numbers from Chrysler....

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  • MichaellMichaell Moderator Posts: 263,193

    @poops said:
    Plan to start hunting for a Grand Cherokee lease this month. Given the new lease laws in Illinois, hoping to get a sensible deal... Anyway, would you please post IL lease figures for:

    • Limited 4x4 (MSRP - $45,855)
      ---- 10K/36mos.
      ---- 12k/36mos.

    • Overland 4x4 (MSRP - $47,190)
      ---- 10K/36mos.
      ---- 12K/36mos.

    Thanks in advance!

    We don't yet have the Chrysler numbers for July, sorry.

    I believe the new tax rates for leases in IL go in effect on 1/1/15 - you might want to double check that.

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  • erf819erf819 Member Posts: 5
    My MSRP was $41,240 and selling cost was $38,218. Ended up getting $415/mo for 12k/36 mo. Hopefully a good deal on the Limited!
  • joeyd5ohjoeyd5oh Member Posts: 40

    I hope this helps all that are looking to lease. About a month ago I leased a 2014 Grand Cherokee Overland 4x4 with Hemi and Advanced Tech Package for 36 months 12k a year for 591.00 a month with no money down and all fees plus tax rolled into the payment.

  • baltimore36baltimore36 Member Posts: 0

    @joeyd5oh said:
    I hope this helps all that are looking to lease. About a month ago I leased a 2014 Grand Cherokee Overland 4x4 with Hemi and Advanced Tech Package for 36 months 12k a year for 591.00 a month with no money down and all fees plus tax rolled into the payment.

    Hi, all. Just signed a lease on 2014 Grand Cherokee Overland 4x4 with Diesel and Advanced Tech Package for 36 months 15K/year for $640.00 with no money down also with all fees, taxes, etc rolled into payment.

  • janulbugjanulbug Member Posts: 22
    What is the Money Factor and Residual Value for July on a 2014 JGC Overland 4x2 for a 36 mth lease. 15k miles in Los Angeles CA?
  • csp06csp06 Member Posts: 29

    When you have the July MF and residual for 36/12k for CT/MA:

    Limited 4x4 (V6, V8 and Diesel, if it matters)
    Overland 4x4 (V6, V8 and Diesel)
    Summit 4x4 (V6, V8 and Diesel)

    I'm not sure if the engines matter, but if they do the numbers for each would be very helpful.

    Thank you so much!!

  • MichaellMichaell Moderator Posts: 263,193

    @janulbug said:
    What is the Money Factor and Residual Value for July on a 2014 JGC Overland 4x2 for a 36 mth lease. 15k miles in Los Angeles CA?

    We are still waiting for the Chrysler numbers this month; hopefully any day now.

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  • MichaellMichaell Moderator Posts: 263,193

    @csp06 said:
    When you have the July MF and residual for 36/12k for CT/MA:

    Limited 4x4 (V6, V8 and Diesel, if it matters)
    Overland 4x4 (V6, V8 and Diesel)
    Summit 4x4 (V6, V8 and Diesel)

    I'm not sure if the engines matter, but if they do the numbers for each would be very helpful.

    Thank you so much!!

    Last month there were two sets of numbers - one for the gas engines, another for the diesels.

    However, we don't have any numbers yet for July, so it's hard to say if that trend will continue.

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  • rtadamsrtadams Member Posts: 28
    edited July 2014

    Just yesterday (7/7), I was quoted a MF of .00021 and a RES of 57% on a 2014 JGC Altitude for a 36mos/12kmiles in NJ if that helps. Could someone please confirm these numbers are the best available for July? Thanks!

  • sunhawk60sunhawk60 Member Posts: 2

    Looking at a 2014 GC Altitude 4WD 36mo/12k miles in NY. Can anyone provide the MF and residual? Numbers from the dealer seem high.

  • sunhawk60sunhawk60 Member Posts: 2

    thanks rtadams

  • MichaellMichaell Moderator Posts: 263,193

    @rtadams said:
    Just yesterday (7/7), I was quoted a MF of .00021 and a RES of 57% on a 2014 JGC Altitude for a 36mos/12kmiles in NJ if that helps. Could someone please confirm these numbers are the best available for July? Thanks!

    Still waiting for July numbers from Chrysler.

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  • rchan84rchan84 Member Posts: 1
    edited July 2014

    Hey CarMan- looking at a 2014 Grand Cherokee Limited 2WD lease and wondering what the current money factor and residual numbers are for Texas. Thinking 36 or 42 months and 10k miles per year. Thanks for any help you can provide!

  • MichaellMichaell Moderator Posts: 263,193

    @rchan84 said:
    Hey CarMan- looking at a 2014 Grand Cherokee Limited 2WD lease and wondering what the current money factor and residual numbers are for Texas. Thinking 36 or 42 months and 10k miles per year. Thanks for any help you can provide!

    Still no numbers from Chrysler for July.

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  • rtadamsrtadams Member Posts: 28

    Here are the numbers I was quoted last night in NJ when I picked up my new Limited. Both are 36 mos/12k per year. Hope it helps someone:

    '14 Altitude GC MF .00021 RES 57%
    '14 Limited GC MF .00014 RES 56%

    Very happy with my new GC, great SUV.

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  • drod0630drod0630 Member Posts: 3

    Hi, I got a quote for a GC limited 4x4 msrp was 46,670 . 2450 down and 592.83 a month for 36months and 12k miles per year. I think this is very high. can someone please help as i am getting ripped off.

  • MichaellMichaell Moderator Posts: 263,193

    @drod0630 said:
    Hi, I got a quote for a GC limited 4x4 msrp was 46,670 . 2450 down and 592.83 a month for 36months and 12k miles per year. I think this is very high. can someone please help as i am getting ripped off.

    Seems high ... what was the offered selling price?

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  • drod0630drod0630 Member Posts: 3
    I didn't even ask..
  • mgg_nycmgg_nyc Member Posts: 1

    HELP!!
    Would really appreciate any help or thoughts on this one.
    I think it is a good deal (assuming no bait and switch), but I've been burned before...

    Specs
    • 2014 Jeep Grand Cherokee Limited 4x4
    • 3.0L V6 Turbo Diesel
    • 20” Wheels
    • Luxury Group II
    • Trailer Tow Group IV
    • UConnect 8.4 w/Navigation

    Deal I am currently considering:
    • Price: $45,768 (MSRP: $51,675; Invoice: $46,740 – Source: Edmunds)
    • Lease Term: 39 mo.
    • Mileage Allowance: 12K miles/year
    • Monthly Payment: $495
    • Money Factor: .00014
    • Residual Value: $29,338
    • Fees
    Bank Fee: $0
    Inspection Fee: $10
    Recycling Fee: $12
    Title: $75
    Tax: $1,670
    Filing Fee: $289
    • End of Lease Fee
    Disposition Fee: $350

  • drod0630drod0630 Member Posts: 3
    What payment should I be around . 592 is way to high
  • MichaellMichaell Moderator Posts: 263,193

    @drod0630 said:
    What payment should I be around . 592 is way to high

    Without knowing the selling price or net cap cost, it's hard to evaluate the deal fully, but I agree that $592/mo seems high.

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  • MichaellMichaell Moderator Posts: 263,193

    @mgg_nyc said:
    HELP!!
    Would really appreciate any help or thoughts on this one.
    I think it is a good deal (assuming no bait and switch), but I've been burned before...

    Specs
    • 2014 Jeep Grand Cherokee Limited 4x4
    • 3.0L V6 Turbo Diesel
    • 20” Wheels
    • Luxury Group II
    • Trailer Tow Group IV
    • UConnect 8.4 w/Navigation

    Deal I am currently considering:
    • Price: $45,768 (MSRP: $51,675; Invoice: $46,740 – Source: Edmunds)
    • Lease Term: 39 mo.
    • Mileage Allowance: 12K miles/year
    • Monthly Payment: $495
    • Money Factor: .00014
    • Residual Value: $29,338
    • Fees
    Bank Fee: $0
    Inspection Fee: $10
    Recycling Fee: $12
    Title: $75
    Tax: $1,670
    Filing Fee: $289
    • End of Lease Fee
    Disposition Fee: $350

    Base MF is being used, so that's good. However, I'm showing a 39/12 residual of 49% - can you confirm that this lease is through Chrysler Capital?

    Using your MSRP and net cap cost, I calculate a pre-tax payment of $534.24

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