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2014 Jeep Grand Cherokee Lease Questions

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  • xulxul Posts: 6
    edited October 2013
    Got a 2014 grand Cherokee overland V6, MSRP : 47190 Sales price : 42183 36 months 10,000miles/yr $0 down payment , $610 per month tax include . Only paid DMV and first month payment now. Is this too much??? Can it be better ?
  • Seems high to me especially for 10k miles. What is the money factor and residual they quoted?
  • xulxul Posts: 6
    He didn't say. The tax is high here in NY, 8.875% . Her offer price was 649 per month . How much per mouth suppose to be ?
  • xulxul Posts: 6
    I saw here someone said the MF is 0.0009 and residual is 54% for overland 10,000/yr . Does anyone know if the sales able to mark down the bank fee ?
  • xulxul Posts: 6
    ok, now made the deal done : tried another dealer :

    NYC area

    MSRP: 47190
    cost price:40360
    MF : 0.00009
    cost at the end of the loan : 24316,
    39month ,
    10k/yr

    Everything included: 565/month

    Paid first month, 97.5 registration fee, DMV for 2 yrs

    How's the deal ? Good or bad ?
  • fbaezfbaez Posts: 2
    If you dont mind xul can you please share the dealer, im currently looking for the same deal.
  • xulxul Posts: 6
    edited February 2014
    East hills,[Phone number removed]
  • lepialepia Posts: 45
    Hi all,
    I am looking to lease a Grand Cherokee Summit 2014 with a MSRP: $52,585.00. 10K/YR, 36months.

    One dealer already quoted me $685 a month no money down. 1st sale person said the Residual was 53%. A second sales rep said it was 51%. I went to another dealer and the residual was not shared, but he gave me a MF of 0.0168. weird!.

    Neither dealer wanted to disclose discounts. -Can't do business like that.

    Can someone share his/her findings on a similar vehicle? I did my own numbers and I came up with the following figures:
    2014 Cherokee Summit MSRP: $52,585
    $658.00 a month everything included. Only pay at sign 1st month and DMV. I am basing my numbers on the following: 52% residual, MF:0.0009. CAP COST:$46,500.00

    Is this a good number? can I get a cheaper price? or Am I reaching with the amount I calculated?

    Any input will be appreciated.

    Thanks,
  • xulxul Posts: 6
    You can make the total price to 46,000, monthly included everything should around 640 or 650 would be a really good deal. Try 39 month, u can return at the 36th month anyway. My dealer told me that they don't really do 36 anymore, so they make 36 lots more than 39
  • Congrats! It seems like all the dealers in the NE are able to give the best deals! Does anyone know if you can lease from a dealer in a different region and have them flat bed the vehicle to you? This is a quote I received yesterday... not happy... with $2,499 due at signing...

    On Jeep Overland:
    With Ally Financial Lease is where you get the extra $3,000 rebate to get the total of $5,000 + $1,000 for lease conquest
    With Ally Lease quote came out to be with 15K per year was $699 per month (Rate – 8.08% / Residual – 52%) / with 12k per year was $677 per month (Rt – 8.08% / Rs – 54%)
    With Chrysler Capital it is only $2,000 total off +$1,000 for lease conquest, but works out better for this particular vehicle being 15K per yr was $646 per mo (Mf - .00054 / Rs – 47%) / with 12K per yr was $622 per mo (Mf - .00054 / Rs – 49%)
  • lepialepia Posts: 45
    edited October 2013
    All,
    I just want to share with you a lease deal I signed tonight. Hoping that those of you who are looking, are able to get a good deal. Before I let everyone know my findings, please know this website rocks!!!. It is an essential tool to negotiate intelligently the lease of a vehicle. -Thank you!!!

    Grand Cherokee Summit 2014
    MSRP:52,585

    Monthly lease: $655.00 a month. taxes included
    paid 1st month + 395.00 bank fee + DMV.
  • lepialepia Posts: 45
    thank you Xul,

    you helped me decide on my lease.
  • Wanted to get peoples' thoughts on the latest offer I received...

    2014 Jeep GC Overland Hemi 4x2 (MSRP 47,480):

    39 months, 15,000 miles/yr, $1,000 total out of pocket = $580/Month with tax

    They did not give me the residual/MF or cap cost on this latest deal, but it is a lot better. What does everyone think? Thanks!!
  • Thats a good deal. I would maybe try to save 1,000 on whats dues at signing. which dealership?
  • pfrancpfranc Posts: 1
    Xul can you PM me regarding this deal. I spoke to the dealership today and just had a question regarding the deal.
  • Can the residuals and money factors kindly be provided. 36 month lease, 10k miles. Thank you in advance.
  • kyfdxkyfdx Posts: 91,785
    .00017 MF and 57% residual..

    regards,
    kyfdx

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • jassiefreshjassiefresh Posts: 2
    edited October 2013
    limited 4x4

    3yr/15k per year

    lux package
    offroad adventure II
    nav
    added on side steps
    MSRP44,985
    Sale 45735
    cap red 1240.20

    wanted me to put down 3-4k for $632. Talked about maybe $550.

    MF .00017 res 54%
  • Thanks kyfdx. I was mistaken. It is actually a 39 month lease. Can you please provide.

    Thank you
  • Good deal?

    I'm currently getting offered the 2014 overland with navigation for $450 a month $5000 down.

    NYC, manhattan.

    Taxes and fees included
  • MichaellMichaell ColoradoPosts: 83,489
    MSRP? Selling price? Residual? Money factor? Length of lease?

    Many people will say that any cash down is a bad idea in a lease. $5000 over 36 months adds about $139 each month to your payment.

    If your car is stolen or totaled you are out that money.

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  • eddie8620eddie8620 Posts: 15
    edited October 2013
    39 months 10,000 miles a year

    The rest of the info I can call tomorrow and find out.

    This is the first time I'll be leasing, I don't want to get screwed
  • kyfdxkyfdx Posts: 91,785
    Subtract 2% from the residual for 39 months...

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • The sales man told me to check online for the information requested... P
  • MichaellMichaell ColoradoPosts: 83,489
    The only number I should think is available online is the MSRP. The residual and money factor you would have to get from the dealer .. or my partner, kyfdx.

    The negotiated sales price is something you'll have to get from the dealer.

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  • 52% residual / .00009 money factor

    The sale price I have to call tomorrow, the sales manager was gone for the day who wrote the deal up
  • Negotiated price of $46,428
  • jpw612jpw612 Posts: 6
    I'm looking to lease the following:

    2014 Jeep Grand Cherokee Limited
    Sunroof, Navigation, 20" wheels

    MSRP: $42,175, cap cost: $38,240
    $1,000 lease loyalty incentive
    10k/39mos
    .0017 money factor, $23,618 residual

    $449/mo including MA taxes (0 down + tax, reg fee, & 1st month at signing)

    Good deal?

    I get a monthly payment of $417/mo when I plug in the numbers in the Edmunds lease calculator. Not sure what is making up the difference.
  • kyfdxkyfdx Posts: 91,785
    When I subtract the $1000 loyalty cash from the CAP cost, I come up with about $452.mo.. so, it seems they are right there...

    regards,
    kyfdx

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • Thx kyfdx. What are the Mf's and Residuals on 36 and 39 with 12k miles?
    I cannot make my #'s and the dealers close. The residual % is taken off the MSRP only correct? Bank Fee and any incentives or agreed price are not considered?
This discussion has been closed.