2014 Jeep Grand Cherokee Lease Questions

kyfdx

@jham1 said:
could you please provide the MF and residual for a Grand Cherokee Overland, 36 or 39 w/ 15k miles. Thanks

4WD?

.00009 MF and 50% residual for 36mo, 15K/yr.

tulsajeeper

Been working on a deal for a Grand Cherokee Limited lease this afternoon and evening. MSRP including destination is $47,375 (4x4, Lux pkg II, 20" wheels, Tech Pkg), negotiated sales price of $43,800, about $1,000 below invoice from what I can tell. Everything seems above board, even the dealer paper work fees were acceptable to me. But when we get to the MF, everything goes haywire. They first approached me and said 0 down, except I pay first month plus TT&L to drive off, which is fine, but their payment was a whopping $674! For 15k miles, 36 months, with the .00008 MF I've seen on here, and 54% residual, I'm calculating low $500's for the payment. The residual they're showing is $27,000 - which is more like 57%. When I asked about the MF, all they could say is that it was 6% interest! I asked if something weird had popped up on my credit score or something to get such a high rate, and they said it was perfect, but that's the only lease rate they know so I'm at a loss for what to do. He said he would put a call in to Chrysler Financial in the morning and get back to me - but of course tomorrow is March 1, so I'm afraid the rates will be different. Thoughts? I feel like I came in armed and ready, and everything was going great until we got to the stupid MF. I can't believe what a difference it makes in the payment!

kyfdx

Chrysler Capital lease program doesn't expire until March 3rd. I agree.. without any add-ons for tax, acquistion fee, etc.. I get the payment around $511/mo.

It's possible they aren't running the lease through Chrysler Capital.

mook12

I got everything but the tech package paying $495 just title first month that's a lot for $675 you could possibly lease a summit or set maybe. Is the mf shown on the contract I never asked I just read people's post and knew what a good deal would be lol

jbadge

Hi kydfx! Could you please share the March MF and residual for Jeep Grand Cherokee Overland 2WD leased at 10K miles for 36 mos?

kyfdx

Current numbers are good through Monday... Won't have the new numbers for about a week.

thrustme

Thank you in advance - in south Florida, looking for March lease #'s on a:

• GC limited 4x2 @ 12k miles for 36 mo
• GC limited 4x4 @ 12k miles for 36 mo
  Also, have the #'s changed on the other models? If the trend continues, the GC limited seems to be a no brainer as the best GC lease value.

kyfdx

@thrustme said:
Thank you in advance - in south Florida, looking for March lease #'s on a:

• GC limited 4x2 @ 12k miles for 36 mo
• GC limited 4x4 @ 12k miles for 36 mo
  Also, have the #'s changed on the other models? If the trend continues, the GC limited seems to be a no brainer as the best GC lease value.

.00006 MF and 54% residual for 4X2

.00019 MF and 56% residual for 4X4

All of the numbers have changed slightly... The Limited and Laredo models remain the best.

penn2

Hi kyfdx -
I am hoping March brings better lease arrangement in PA for GC Summit V8 36 mos/10K - can you provide? Also - any rebates/incentives now available?
Thank you!

kyfdx

@penn2 said:
Hi kyfdx -
I am hoping March brings better lease arrangement in PA for GC Summit V8 36 mos/10K - can you provide? Also - any rebates/incentives now available?
Thank you!

.00009 MF and 49% residual for 4WD

I don't follow the rebates/incentives. Use the Car Research tab at the top of the page, and you can follow the menu for the Edmunds information on that subject.

penn2

Thank you kyfdx! You are always very responsive and it is much appreciated - great to learn V8 Summit's MF improved from .00013 to 00009 from Feb to March - Not to mention residual improving 3 pts from 46 to 49%.(which strikes me as unusual considering model is aging) Is this typical coming into spring? I know it's anyone's guess but has Chrysler history shown it will improve even more as we move further into spring (ie Apr)? Thanks again kfydx!

penn2

Thank you kyfdx! You are always very responsive and it is much appreciated - great to learn V8 Summit's MF improved from .00013 to 00009 from Feb to March - Not to mention residual improving 3 pts from 46 to 49%.(which strikes me as unusual considering model is aging) Is this typical coming into spring? I know it's anyone's guess but has Chrysler history shown it will improve even more as we move further into spring (ie Apr)? Thanks again kfydx!

jgiovino

Kyfdx, can you post rates for 36mo/10k on the SRT

usmc847

Hi Kyfdx, can you please give me the MF and Residual for the Limited 4x2 and 4x4, 15K miles per year, lease for 36 months in NC? Thanks in advance.

je5490

I just leased a GC limited nav and 20 inch wheels in NJ on March 4, sticker price was $42,475. I owed $2800 on a current lease.After a few days of dealer nonsense the offer was $550 down $550 a month for a limited with nav and 18 inch wheels $39,080. I went to a second dealer where my final price was $479 down and $479 a month 36 months 10k miles for the $42,475 gc including my negative money on my current lease.

kyfdx

@penn2 said:
Thank you kyfdx! You are always very responsive and it is much appreciated - great to learn V8 Summit's MF improved from .00013 to 00009 from Feb to March - Not to mention residual improving 3 pts from 46 to 49%.(which strikes me as unusual considering model is aging) Is this typical coming into spring? I know it's anyone's guess but has Chrysler history shown it will improve even more as we move further into spring (ie Apr)? Thanks again kfydx!

Sorry, my crystal ball is a little cloudy. Incentives and lease programs often change, depending on inventory and sales issues. Trying to discern what they might do from month to month is an exercise in frustration.

kyfdx

@jgiovino said:
Kyfdx, can you post rates for 36mo/10k on the SRT

.00013 MF and 48% residual

kyfdx

@usmc847 said:
Hi Kyfdx, can you please give me the MF and Residual for the Limited 4x2 and 4x4, 15K miles per year, lease for 36 months in NC? Thanks in advance.

.00019 MF and 54% residual for 4X4

.00006 MF and 52% residual for 4X2

aussiedawg1

Is GAP included with Jeep leases? if so where is the cost included and how much should it be?
Also does the the above .00019 and 54% residual apply to overland 4x4 in calf?
First timer on this site and first time jeep purchase.

skistud07

Thought I would share my experience as everyone has been helpful sharing theirs. I just recently leased a GC limited. Sticker was 42,450(+-100 or so). I owed 1200 on my previous lease. I ended up paying $531 down, and $525 per month, taxes included for 15k miles per year. I found a few quotes online, took the best one to my local dealership and told them if they could beat it I'll sign. I gave them my credit score up front and it was an extremely simple transaction. Could I have gotten a little better deal, maybe, but thought it was a decent deal. This was in upstate NY, middle of February.

kyfdx

@aussiedawg1 said:
Is GAP included with Jeep leases? if so where is the cost included and how much should it be?
Also does the the above .00019 and 54% residual apply to overland 4x4 in calf?
First timer on this site and first time jeep purchase.

GAP is included. It isn't an extra cost to the lessee.

.00005 MF and 50% residual for the 4X4 Overland model, for 36mo, 15K/yr lease

kjskjs

Good Morning Kyfdx, can you please give me the MF and Residual for the Limited 4x4, 12k and 15k miles/yr, 36 months in NY. Also, do you have any new incentive numbers?

Thank you.

kyfdx

@kjskjs said:
Good Morning Kyfdx, can you please give me the MF and Residual for the Limited 4x4, 12k and 15k miles/yr, 36 months in NY. Also, do you have any new incentive numbers?

Thank you.

.00019 MF and 54% residual for 36mo, 15K/yr. 56% for 12K/yr.

Check for incentives here:

http://www.edmunds.com/car-incentives/

wheelinbogie

First I want to thank everyone on this Forum, the time you have put in, to post questions and answers have made this an invaluable learning tool for myself and countless others. The ones like me, who have been reading and rereading these posts for the last 2+ months, lurking as some call it, might just decide to join and help others as you have done for us.
A special Thank you to kyfdx, you make it all possible for those of us who are interested in learning, and who value our lives, time, and ultimately are hard earned money. We want a great deal but most of us will be happy with a Fair Deal, something hard to come by without the knowledge found here.

I'm close to a deal on a Limited 4x4 with Sunroof, Nav, and 20" wheel pkg.
Based on what people have paid recently is $451 tax 7% and everything included, zero down, a fair deal today? I really mean today, as its my b-day and I really need to pull the trigger if I'm to do this before April.
Is it a great deal, I don't think so, but I can live with fair for me, but is this more fair for the dealer?
What is the best anyone has scored recently in the Tri State area, or beyond?

Additionally, if I dont do this today I wont be able to until April 2nd. When do the new #s come out? I believe the 5th or so, but what numbers would be used the first few days in April, and what rebates?
Is the end of the month really the end, or does it roll over the first few days? I remember seeing deals based on December 2013 numbers, and specials the first few days of January 2014.

If I do wait for April to do this I also can get the V8 Hemi, just throwing that out to muddy the waters a bit and for you to see where I am at. I feel I could get the Hemi with the same package to pretty close to what Im being offered the the Limited with the standard V6.
Any and all help is appreciated. I'm grateful for all the help everyone has provided in the past, and welcome all comments, no matter how critical or blunt. Thank you.

kyfdx

The current program ends on March 31st. There will new numbers on April 1st. The dealer will have them immediately, but it will be a few days before they trickle down to us.

What is the MSRP of your Jeep and what is the lease term in months/mileage?

wheelinbogie

MSRP 41,182 36m 10k, Thanks

mojomike

Could I please get the MF and residuals for the GC overland 4x2 and 4x4 for 36 months 10k, and 12k miles. Thanks

kyfdx

@mojomike said:
Could I please get the MF and residuals for the GC overland 4x2 and 4x4 for 36 months 10k, and 12k miles. Thanks

.00005 MF and 52% residual for 36mo, 12K/yr for 4X4

.00008 MF and 50% residual for 4X2

Add 1% for 10K/yr

alb57

hey kyfdx
can you please tell me what the MF and residual is for a 2014 JGC laredo e 4x4 in NJ is for march? im looking at a 10k/36 month lease and also a 12k/36 month lease

thank you in advance

mikeayr

Kyfdx-
I am in Maryland - I'm assuming residual on a limited is 58% on a 36 month/10k mile per year lease. MF should be 00019. On a $41,500 msrp and a selling price of $38000 i am getting a much lower payment than what dealers are quoting me. Everyone is in the $525/mo range with a total of $1000 down. Can u help me on what my payment should be?

mook12

Hey wheelingbogie I think it's a very good deal I am paying 495 month with the luxury 2 package which is roughly $55 more monthly just made first payment so it's definitely a fair deal maybe you can knock it down to 440 good luck

shifter1

Picked up my GC Limited w/sunroof 2 weeks ago in NJ. Had a Ford Edge Limited on lease, so that worked towards one of the incentives, probably like $1K. Put down $2K, 36 months, 12k a year. $379 a month. They got me on back end when I return it, $595.00 (Disposition Fee) Did not notice that until 2 weeks after I brought the truck home. Very happy with deal.

kyfdx

@alb57 said:
hey kyfdx
can you please tell me what the MF and residual is for a 2014 JGC laredo e 4x4 in NJ is for march? im looking at a 10k/36 month lease and also a 12k/36 month lease

thank you in advance

.00010 MF and 57%/56% residual, respectively

kyfdx

@mikeayr said:
Kyfdx-
I am in Maryland - I'm assuming residual on a limited is 58% on a 36 month/10k mile per year lease. MF should be 00019. On a $41,500 msrp and a selling price of $38000 i am getting a much lower payment than what dealers are quoting me. Everyone is in the $525/mo range with a total of $1000 down. Can u help me on what my payment should be?

I show .00019 MF and 57% residual.

I get $410/mo. plus tax... But, that doesn't include acquisition fee, etc... Also, I think Maryland applies the sales tax to the full selling price of the vehicle. That's around $2300, which will add $65/mo. to the payment, all by itself.

kyfdx

@shifter1 said:
Picked up my GC Limited w/sunroof 2 weeks ago in NJ. Had a Ford Edge Limited on lease, so that worked towards one of the incentives, probably like $1K. Put down $2K, 36 months, 12k a year. $379 a month. They got me on back end when I return it, $595.00 (Disposition Fee) Did not notice that until 2 weeks after I brought the truck home. Very happy with deal.

Congrats on the new Jeep!!

dbabaev

Hi kyfdx, I am researching lease information for a 2014 Jeep Grand Cherokee Summit 4x4 in New Jersey. MSRP is $52,190. I'd like to lease is for 36 months and 12K miles. What would the current MF and residual be on that model? Thanks in advance!

kyfdx

@dbabaev said:
Hi kyfdx, I am researching lease information for a 2014 Jeep Grand Cherokee Summit 4x4 in New Jersey. MSRP is $52,190. I'd like to lease is for 36 months and 12K miles. What would the current MF and residual be on that model? Thanks in advance!

.00009 MF and 48% residual

12thman

Hi kyfdx,

Curious about 24 month/12k numbers for the 4x4 Limited and Overland models in WA state if it matters.

Thanks!

kyfdx

@12thman said:
Hi kyfdx,

Curious about 24 month/12k numbers for the 4x4 Limited and Overland models in WA state if it matters.

Thanks!

.00019 MF and 56% residual for Limited

.00005 MF and 52% for Overland

12thman

@kyfdx@Edmunds said:

.00019 MF and 56% residual for Limited

.00005 MF and 52% for Overland

Thank you! I'm a little surprised the 24 month residual is the same as the 36 month. I'd like to be in a meeting where they decide all these residuals and money factors to see if there is logic used or just a game of rock, paper, scissors lol

vicnmat29

Good Evening Kyfdx, can you please give me the MF and Residual for the overland 4x4, 12k/yr, 36 months in NY. Also, do you have any new incentive numbers?

Thank you.

kyfdx

@12thman said:
Thank you! I'm a little surprised the 24 month residual is the same as the 36 month. I'd like to be in a meeting where they decide all these residuals and money factors to see if there is logic used or just a game of rock, paper, scissors lol

Jeez... that might be because I gave you the 36 month numbers... shewww... sorry.

.00022 MF and 68% residual for Limited for 24mo, 12K/yr lease

.00033 MF and 63% residual for Overland.

If something doesn't seem right, it probably isn't.... lol

kyfdx

@vicnmat29 said:
Good Evening Kyfdx, can you please give me the MF and Residual for the overland 4x4, 12k/yr, 36 months in NY. Also, do you have any new incentive numbers?

Thank you.

.00005 MF and 52% residual.

Incentives are here:

http://www.edmunds.com/car-incentives/

osu18

Hi Carman or Kirstie, I need the 2014 GJC Limited money Factor and residual for a 36 month lease with 10 and 12k miles? please help...are there any lease incentives beyond the $1,000 conquest?

kyfdx

@osu18 said:
Hi Carman or Kirstie, I need the 2014 GJC Limited money Factor and residual for a 36 month lease with 10 and 12k miles? please help...are there any lease incentives beyond the $1,000 conquest?

I'm not Carman or Kirstie, but you are stuck with me.

4X4? .00019 MF and 56% residual for 36mo, 12K/yr. 57% residual for 10K/yr.

Check for incentives, here:

http://www.edmunds.com/car-incentives/

techblogtv

2014 GJC Limited 4X4? .00019 MF and 56% residual for 36mo, 12K/yr.
57% residual for 10K/yr.

Hi kyfdx, a couple dealers have quote the same residuals you posted above but are offering money factors of .0006 and .00061. At least one of them told me the bank was Chrysler Capital. Are they marking up the MF on me? I'm in Washington, DC. None of the dealers ran my credit yet.

Also, if you were going to lease a comparable mid-size SUV today, which would you choose? Lexus RX?

jbadge

Hi kyfdx! Could you please share the MF and residual for a GJC Overland w/ the Advanced Technology Package for a 36 mo?

Also, based on old rates I saw in this section, I'm coming up w/ a pmt of around $521/mo using a MSRP of $46,185 and a sale price of $43,000. I'm in SoCal if you need tax rates. Using the new rates you have, does that sound about right to you?

Thx so much in advance!

Michaell

@techblogtv said:
Hi kyfdx, a couple dealers have quote the same residuals you posted above but are offering money factors of .0006 and .00061. At least one of them told me the bank was Chrysler Capital. Are they marking up the MF on me? I'm in Washington, DC. None of the dealers ran my credit yet.

It's quite possible that the money factor is being marked up - the base money factor quoted is good for tiers 1 and 2, and the max it can be marked up is .00042 (hmm, that gives us .00061, doesn't it?)

Also, if you were going to lease a comparable mid-size SUV today, which would you choose? Lexus RX?

Wow, so many choices in that $40-50K price range. I suppose it would depend on how you use it. Jeeps are great for off-roading; Lexus', not so much.

Horses for courses, or something like that.

kyfdx

@jbadge said:
Hi kyfdx! Could you please share the MF and residual for a GJC Overland w/ the Advanced Technology Package for a 36 mo?

Also, based on old rates I saw in this section, I'm coming up w/ a pmt of around $521/mo using a MSRP of $46,185 and a sale price of $43,000. I'm in SoCal if you need tax rates. Using the new rates you have, does that sound about right to you?

Thx so much in advance!

AWD? .00005 MF and 52% residual for 36mo, 12K/yr lease.

I get about 531/mo. using those numbers... plus tax..

kyfdx

@techblogtv said:
Also, if you were going to lease a comparable mid-size SUV today, which would you choose? Lexus RX?

I have to agree with Michaell. It appears that they are marking up the money factor.

If I wanted a JGC, I sure wouldn't use the Lexus as a substitute... but, that's just my own bias against that model.. If I were going to a FWD-based soft-roader, I'd look at a Pilot or Highlander (and, yes.. I know the Highlander is really the same as an RX350).