2015 Jeep Grand Cherokee Lease Questions

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  • gotgt3gotgt3 Member Posts: 114
    Michaell said:
    Another question: if my target monthly payment is 320 for gc Ltd w nav what does the cap cost or target sp need to be?

    Lease, not buy. Last I was shopping leases had additional discounts, not sure if that changed.
    For a 36 month lease, every $1000 savings on the cap cost translates to about a $28/mo savings on the payment.
    Yep so w the 35840 cap cost it was 374 so for 32 Capcost needs to be...what 2k less?
  • MichaellMichaell Moderator Posts: 263,465
    gotgt3 said:


    Michaell said:

    gotgt3 said:

    Another question: if my target monthly payment is 320 for gc Ltd w nav what does the cap cost or target sp need to be?

    Lease, not buy. Last I was shopping leases had additional discounts, not sure if that changed.

    For a 36 month lease, every $1000 savings on the cap cost translates to about a $28/mo savings on the payment.

    Yep so w the 35840 cap cost it was 374 so for 32 Capcost needs to be...what 2k less?

    that sounds about right ... $58 from $374 is $316

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  • gotgt3gotgt3 Member Posts: 114
    IS theere a prices paid forum on here for the grand Cherokee 2015? I can't find it... I've seen ppl say they got the ltd for 24k but my guys are swearing 38k is invoice which I doubt.
  • ilguybrettilguybrett Member Posts: 8
    .00058 and 50% for 39/12. With your MSRP and Adjusted Cap Cost, I get a pre-tax payment of $659.73.

    What is the breakdown of the $2000 up front cash, if it doesn't include the first month's payment?

    The low residual and (relatively) high MF, when compared to other trim levels, are hurting your payment

    *** Sales and Use taxes were about $2,900 on the car; so I believe that the $2000 up front was to offset some of that. Total official fees came to $3,150.

    Do you think that a monthly payment of $698 and the upfront cash of $2000 + first month's lease of $698 is a good deal or at least in the ball park of what I should pay for a new 2015 JGC Summit?
  • MichaellMichaell Moderator Posts: 263,465
    gotgt3 said:

    IS theere a prices paid forum on here for the grand Cherokee 2015? I can't find it... I've seen ppl say they got the ltd for 24k but my guys are swearing 38k is invoice which I doubt.

    There may be, but I'm not sure how active it is.

    How many different dealers have you been working with? The competition should only help you.

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  • MichaellMichaell Moderator Posts: 263,465

    .00058 and 50% for 39/12. With your MSRP and Adjusted Cap Cost, I get a pre-tax payment of $659.73.

    What is the breakdown of the $2000 up front cash, if it doesn't include the first month's payment?

    The low residual and (relatively) high MF, when compared to other trim levels, are hurting your payment

    *** Sales and Use taxes were about $2,900 on the car; so I believe that the $2000 up front was to offset some of that. Total official fees came to $3,150.

    Do you think that a monthly payment of $698 and the upfront cash of $2000 + first month's lease of $698 is a good deal or at least in the ball park of what I should pay for a new 2015 JGC Summit?

    I don't track pricing all that closely, but since your quote and my calculations are pretty close the only way to get a lower payment is to negotiate a lower selling price.

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  • gotgt3gotgt3 Member Posts: 114
    I am getting numbers from some Haan or Hahn or Han bank. Does anyone know about it? I want 4o avoid the us bank situation. It sure why they aren't giving me Chrysler
  • gotgt3gotgt3 Member Posts: 114
    AbAboAbout ott to sign any input appreciated 
  • lyssa13lyssa13 Member Posts: 7
    Looking at 2015 GC Limited, with Advanced Technology package.

    In San Diego, CA. Looking at 36 month, 15k mile lease.

    One offer from dealer is at purchase price of $42,454.00

    Money factor: 0.00059
    Residual: 53%
    Residual value: $24,923.25
    Customer cash down: $2,500
    Monthly lease: $513.86 + tax
    or,
    Min. Drive-off fee: $1,000.98
    Monthly lease: $554.38 + tax

    Two questions - I told him I wouldn't put anything down and they are telling me there is a Minimum Drive off fee, is this accurate?

    This purchase price seems high to me, what do you think of the deal?

    Thank you!
  • MichaellMichaell Moderator Posts: 263,465
    gotgt3 said:

    I am getting numbers from some Haan or Hahn or Han bank. Does anyone know about it? I want 4o avoid the us bank situation. It sure why they aren't giving me Chrysler

    The only numbers we have are from Chrysler Financial.

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  • MichaellMichaell Moderator Posts: 263,465
    lyssa13 said:

    Looking at 2015 GC Limited, with Advanced Technology package.

    In San Diego, CA. Looking at 36 month, 15k mile lease.

    One offer from dealer is at purchase price of $42,454.00

    Money factor: 0.00059
    Residual: 53%
    Residual value: $24,923.25
    Customer cash down: $2,500
    Monthly lease: $513.86 + tax
    or,
    Min. Drive-off fee: $1,000.98
    Monthly lease: $554.38 + tax

    Two questions - I told him I wouldn't put anything down and they are telling me there is a Minimum Drive off fee, is this accurate?

    This purchase price seems high to me, what do you think of the deal?

    Thank you!

    4x2 or 4x4?

    Either way, the MF is marked up on you. 4x2 MF is .00017, 4x4 is .00012.

    I've not been in the market for a full sized SUV, so I can't comment on the selling price.

    What is the breakdown of the $2500 due at signing?

    Usually, the first payment, acquisition fee ($595) and any dealer/tags/license fee are due at signing.

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  • nyny10nyny10 Member Posts: 9
    Would love your opinion on the lease I just got yesterday. Picked it up. 36 mos, $480/mo. 10k per year, No money, down, all taxes and fees included. Just paid first month, Jeep GC with upgraded tech package, moon-roof, leather, electronic liftgate, etc. They also cut me a check for $2250 for the balance of my Jeep Wrangler lease. Good deal or did I get rooked?
  • MichaellMichaell Moderator Posts: 263,465
    nyny10 said:

    Would love your opinion on the lease I just got yesterday. Picked it up. 36 mos, $480/mo. 10k per year, No money, down, all taxes and fees included. Just paid first month, Jeep GC with upgraded tech package, moon-roof, leather, electronic liftgate, etc. They also cut me a check for $2250 for the balance of my Jeep Wrangler lease. Good deal or did I get rooked?

    Hard to say .. what were the MSRP and net cap cost?

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  • ilguybrettilguybrett Member Posts: 8
    I'd like to get some perspective from other buyers of the 2015 JGC Summit, Platinum Package that leased their vehicle. My previous posts are here over the past 2 days. What did you guys end up leasing for? I'd like to understand the range. I'm thinking of doing a 39 month lease at 12,000 miles per year. The numbers are coming up at $2000 out of pocket + 1st month's lease which is $698 per month. How does that compare with others out there leasing the Summit? Appreciate the feedback and suggestions! Brett
  • diorisrdiorisr Member Posts: 4
    Hey, Just wanted to know what the "Sweet Spot" is for a JGC Lmt 4x4 for this month. I am getting a quote from a dealer as follows:

    Cap Cost: 37269
    RV: 52%
    MF is Unknown at this time
    39 Month term
    1000 Down + First Month
    Monthly Payments : $670* Pre-Tax

    *I am trading in 2 leased vehicles with Negative Equity but they agreed to buyout both of them ( 20k Each) -- wanted to know how this affects the price.
  • MichaellMichaell Moderator Posts: 263,465
    diorisr said:

    Hey, Just wanted to know what the "Sweet Spot" is for a JGC Lmt 4x4 for this month. I am getting a quote from a dealer as follows:

    Cap Cost: 37269
    RV: 52%
    MF is Unknown at this time
    39 Month term
    1000 Down + First Month
    Monthly Payments : $670* Pre-Tax

    *I am trading in 2 leased vehicles with Negative Equity but they agreed to buyout both of them ( 20k Each) -- wanted to know how this affects the price.

    What is the MSRP? How many miles per year? Sweet sport seems to be 36 months for March ...

    How much negative equity are we talking about? Every $1000 you put into the cap cost will increase your payment by about $28/mo on a 36 month lease.

    One last question ... do you know if this dealer is using Chrysler Financial as the bank? If not, we don't have any numbers for Ally or US Bank.

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  • lyssa13lyssa13 Member Posts: 7
    Michaell said:



    4x2 or 4x4?

    Either way, the MF is marked up on you. 4x2 MF is .00017, 4x4 is .00012.

    I've not been in the market for a full sized SUV, so I can't comment on the selling price.

    What is the breakdown of the $2500 due at signing?

    Usually, the first payment, acquisition fee ($595) and any dealer/tags/license fee are due at signing.

    Thanks, good to know about the MF. It's the 4x2.

    I'll find out about the $2500 due at signing.
  • diorisrdiorisr Member Posts: 4
    Michaell said:

    diorisr said:

    Hey, Just wanted to know what the "Sweet Spot" is for a JGC Lmt 4x4 for this month. I am getting a quote from a dealer as follows:

    Cap Cost: 37269
    RV: 52%
    MF is Unknown at this time
    39 Month term
    1000 Down + First Month
    Monthly Payments : $670* Pre-Tax

    *I am trading in 2 leased vehicles with Negative Equity but they agreed to buyout both of them ( 20k Each) -- wanted to know how this affects the price.

    What is the MSRP? How many miles per year? Sweet sport seems to be 36 months for March ...

    How much negative equity are we talking about? Every $1000 you put into the cap cost will increase your payment by about $28/mo on a 36 month lease.

    One last question ... do you know if this dealer is using Chrysler Financial as the bank? If not, we don't have any numbers for Ally or US Bank.
    MSRP Approx 41K
    12k Miles Per Year
    not sure which bank he is using but i just asked him.

    In terms of the negative equity, i have 2 honda accords with 9k left on each in terms of payments left on the leases and they buyout for each is above 20k

    Thanks for the quick responce btw.
  • nyny10nyny10 Member Posts: 9
    edited March 2015
    Why is the MSRP and net cap needed? Overall, in your opinion is it a good deal? The other factors (MSRP/CAp Cost) are just for equation purposes, The bottom line is $480/mo with no other fees or downpayment/tax payments. Also, with $2250 coming to fulfill my current lease. The guy just above is getting a quote @ $670 + tax, so I think he just answered my question for me......
    Michaell said:

    nyny10 said:

    Would love your opinion on the lease I just got yesterday. Picked it up. 36 mos, $480/mo. 10k per year, No money, down, all taxes and fees included. Just paid first month, Jeep GC with upgraded tech package, moon-roof, leather, electronic liftgate, etc. They also cut me a check for $2250 for the balance of my Jeep Wrangler lease. Good deal or did I get rooked?

    Hard to say .. what were the MSRP and net cap cost?
  • MichaellMichaell Moderator Posts: 263,465
    diorisr said:

    Michaell said:

    diorisr said:

    Hey, Just wanted to know what the "Sweet Spot" is for a JGC Lmt 4x4 for this month. I am getting a quote from a dealer as follows:

    Cap Cost: 37269
    RV: 52%
    MF is Unknown at this time
    39 Month term
    1000 Down + First Month
    Monthly Payments : $670* Pre-Tax

    *I am trading in 2 leased vehicles with Negative Equity but they agreed to buyout both of them ( 20k Each) -- wanted to know how this affects the price.

    What is the MSRP? How many miles per year? Sweet sport seems to be 36 months for March ...

    How much negative equity are we talking about? Every $1000 you put into the cap cost will increase your payment by about $28/mo on a 36 month lease.

    One last question ... do you know if this dealer is using Chrysler Financial as the bank? If not, we don't have any numbers for Ally or US Bank.
    MSRP Approx 41K
    12k Miles Per Year
    not sure which bank he is using but i just asked him.

    In terms of the negative equity, i have 2 honda accords with 9k left on each in terms of payments left on the leases and they buyout for each is above 20k

    Thanks for the quick responce btw.
    Right, but the payoff of your leases is probably the residual value plus the amount of the remaining payments. Call Honda to get a current payoff quote for both. Then, head over to the "Real World Trade in Values" discussion for a good valuation of the trades. Dealer could be low-balling you.

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  • MichaellMichaell Moderator Posts: 263,465
    nyny10 said:

    Why is the MSRP and net cap needed? Overall, in your opinion is it a good deal? The other factors (MSRP/CAp Cost) are just for equation purposes, The bottom line is $480/mo with no other fees or downpayment/tax payments. Also, with $2250 coming to fulfill my current lease. The guy just above is getting a quote @ $670 + tax, so I think he just answered my question for me......

    Michaell said:

    nyny10 said:

    Would love your opinion on the lease I just got yesterday. Picked it up. 36 mos, $480/mo. 10k per year, No money, down, all taxes and fees included. Just paid first month, Jeep GC with upgraded tech package, moon-roof, leather, electronic liftgate, etc. They also cut me a check for $2250 for the balance of my Jeep Wrangler lease. Good deal or did I get rooked?

    Hard to say .. what were the MSRP and net cap cost?
    I try not to evaluate a deal without knowing all the facts.

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  • nyny10nyny10 Member Posts: 9
    thanks for your help, appreciated.
    Michaell said:

    nyny10 said:

    Why is the MSRP and net cap needed? Overall, in your opinion is it a good deal? The other factors (MSRP/CAp Cost) are just for equation purposes, The bottom line is $480/mo with no other fees or downpayment/tax payments. Also, with $2250 coming to fulfill my current lease. The guy just above is getting a quote @ $670 + tax, so I think he just answered my question for me......

    Michaell said:

    nyny10 said:

    Would love your opinion on the lease I just got yesterday. Picked it up. 36 mos, $480/mo. 10k per year, No money, down, all taxes and fees included. Just paid first month, Jeep GC with upgraded tech package, moon-roof, leather, electronic liftgate, etc. They also cut me a check for $2250 for the balance of my Jeep Wrangler lease. Good deal or did I get rooked?

    Hard to say .. what were the MSRP and net cap cost?
    I try not to evaluate a deal without knowing all the facts.
  • nyny10nyny10 Member Posts: 9
    i just got $480/mo on the advanced tech package Jeep GC Limited. @ $698 + $2000, I'd say that is way too high for a Jeep. You are in BMW/Mercedes range. The Summit package is just overkill.

    I'd like to get some perspective from other buyers of the 2015 JGC Summit, Platinum Package that leased their vehicle. My previous posts are here over the past 2 days. What did you guys end up leasing for? I'd like to understand the range. I'm thinking of doing a 39 month lease at 12,000 miles per year. The numbers are coming up at $2000 out of pocket + 1st month's lease which is $698 per month. How does that compare with others out there leasing the Summit? Appreciate the feedback and suggestions! Brett

  • ilguybrettilguybrett Member Posts: 8
    nyny10 i just got $480/mo on the advanced tech package Jeep GC Limited. @ $698 + $2000, I'd say that is way too high for a Jeep. You are in BMW/Mercedes range. The Summit package is just overkill.

    *** Thanks for the feedback, but unfortunately it is hard to compare a Limited to the Summit. The limited starts at around $13,000 less than the Summit and really has none of the features of the Summit. My Summit had a MSRP of $55,000. Actually the Summit lease is a little more than my previous lease which was for a Mercedes SUV. The Jeep has more bells and whistles than the Mercedes and drives a lot better than the Mercedes. I've purchased a lot of luxury cars in the past (purchased and leased and some of them were as much as $1100 payment a month -- when I purchased and didn't lease). Would be better to have someone who actually got a Summit to compare my lease amt than one of the other Jeeps. Thanks though.
  • thebradthebrad Member Posts: 36
    Michaell, could I please get the lease rates for 10k/yr, 36months on an altitude and limited, both 4x2? Thanks in advance!
  • kyfdxkyfdx Moderator Posts: 267,240
    thebrad said:

    Michaell, could I please get the lease rates for 10k/yr, 36months on an altitude and limited, both 4x2? Thanks in advance!

    Altitude: .00011 MF and 56% residual
    Limited: .00017 MF and 56% residual

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  • JefferTechJefferTech Member Posts: 61
    Do you have current Overland 4x2 24 & 36 month 15k per year information? Thanks!
  • kyfdxkyfdx Moderator Posts: 267,240
    jefcb01 said:

    Do you have current Overland 4x2 24 & 36 month 15k per year information? Thanks!

    .00011 MF and 62% residual
    .00017 MF and 51% residual

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  • mofstamofsta Member Posts: 7
    Hello Michaell, great blog ! lots of helpful info. Was wondering if you could evaluate this offer for me. I originally negotiated a purchase price of $36,400, but have now decided to look at my lease options. Here is what they came back with.
    2015 Jeep GC Altitude 23z
    R.I.
    Cap Cost - $36,605 / $1,000 rebate for having a lease
    12k miles per year 36 months
    residual value 57% $22,293
    money factor .0006
    No acq. fee
    $339 mo incudes tax ,
    $4,734 due at signing

    Thanks for your help !
    AJ
  • MichaellMichaell Moderator Posts: 263,465
    mofsta said:

    Hello Michaell, great blog ! lots of helpful info. Was wondering if you could evaluate this offer for me. I originally negotiated a purchase price of $36,400, but have now decided to look at my lease options. Here is what they came back with.
    2015 Jeep GC Altitude 23z
    R.I.
    Cap Cost - $36,605 / $1,000 rebate for having a lease
    12k miles per year 36 months
    residual value 57% $22,293
    money factor .0006
    No acq. fee
    $339 mo incudes tax ,
    $4,734 due at signing

    Thanks for your help !
    AJ

    I agree with the 57% residual, but the base MF is .00018. Jeep dealers can mark up the MF by .00042 - do the math.

    What is the breakdown of the $4700 due at signing? If any of it is for cap cost reduction, we don't recommend that. If the car is stolen or totaled, you are out that money.

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  • mofstamofsta Member Posts: 7
    Michaell said:

    mofsta said:

    Hello Michaell, great blog ! lots of helpful info. Was wondering if you could evaluate this offer for me. I originally negotiated a purchase price of $36,400, but have now decided to look at my lease options. Here is what they came back with.
    2015 Jeep GC Altitude 23z
    R.I.
    Cap Cost - $36,605 / $1,000 rebate for having a lease
    12k miles per year 36 months
    residual value 57% $22,293
    money factor .0006
    No acq. fee
    $339 mo incudes tax ,
    $4,734 due at signing

    Thanks for your help !
    AJ

    I agree with the 57% residual, but the base MF is .00018. Jeep dealers can mark up the MF by .00042 - do the math.

    What is the breakdown of the $4700 due at signing? If any of it is for cap cost reduction, we don't recommend that. If the car is stolen or totaled, you are out that money.
    Thanks ! Ok the $4734 is a $4k down payment ($3k trade +$1k cash) , $220 doc fee, $175 registration , and first months payment.

    So I can push back on the .0006 ?

  • MichaellMichaell Moderator Posts: 263,465
    mofsta said:
    Hello Michaell, great blog ! lots of helpful info. Was wondering if you could evaluate this offer for me. I originally negotiated a purchase price of $36,400, but have now decided to look at my lease options. Here is what they came back with. 2015 Jeep GC Altitude 23z R.I. Cap Cost - $36,605 / $1,000 rebate for having a lease 12k miles per year 36 months residual value 57% $22,293 money factor .0006 No acq. fee $339 mo incudes tax , $4,734 due at signing Thanks for your help ! AJ
    I agree with the 57% residual, but the base MF is .00018. Jeep dealers can mark up the MF by .00042 - do the math. What is the breakdown of the $4700 due at signing? If any of it is for cap cost reduction, we don't recommend that. If the car is stolen or totaled, you are out that money.
    Thanks ! Ok the $4734 is a $4k down payment ($3k trade +$1k cash) , $220 doc fee, $175 registration , and first months payment. So I can push back on the .0006 ?
    Yes push back on the MF. 

    We do not recommend using trade equity or cash as a down payment. If the car is stolen or totaled you lose that money. 

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  • beemerb0ybeemerb0y Member Posts: 29
    Looking to lease a Lexus RX350 or a Jeep Grand Cherokee by the end of this month. The dealer emailed me some numbers for the Jeep..

    Limited 4x2
    MSRP $41,825

    Ally and Chrysler leases are different; Ally uses an APR with more rebates and different residual figures.
    Chrysler uses a money factor with little or no rebates and lower residual values.

    Chrysler numbers are as follows:
    Rebates $0
    MF .00017
    Residual 55% for 12K miles
    Bank fee $595
    Payment $439+tax

    If I strip the Ally deal clean of $0 profit:
    Rebate $3000
    APR 6.0%
    Residual 62% for 12K miles
    Bank fee $495
    payment $449+tax

    There is no maintenance program and no profit; the dealership is losing $1436.20 to make this deal. Let me know how you would like to proceed.


    What do you guys think?
  • rupperrupper Member Posts: 2
    edited March 2015
    Could someone please comment on this deal?

    2015 Grand Cherokee Limited (added 20" wheels) 4X2
    MSRP $40,125
    Sale price $34,755
    MF .0015375
    RV 45%
    TTL $2522
    Acquisition Fee $895
    48 month lease/12,000 miles
    No cash down and no money due at signing. 
    Texas

    I was quoted $510/month. Thoughts? Is the RV low?

    Thanks!
  • kyfdxkyfdx Moderator Posts: 267,240
    beemerb0y said:

    Looking to lease a Lexus RX350 or a Jeep Grand Cherokee by the end of this month. The dealer emailed me some numbers for the Jeep..

    Limited 4x2
    MSRP $41,825

    Ally and Chrysler leases are different; Ally uses an APR with more rebates and different residual figures.
    Chrysler uses a money factor with little or no rebates and lower residual values.

    Chrysler numbers are as follows:
    Rebates $0
    MF .00017
    Residual 55% for 12K miles
    Bank fee $595
    Payment $439+tax

    If I strip the Ally deal clean of $0 profit:
    Rebate $3000
    APR 6.0%
    Residual 62% for 12K miles
    Bank fee $495
    payment $449+tax

    There is no maintenance program and no profit; the dealership is losing $1436.20 to make this deal. Let me know how you would like to proceed.


    What do you guys think?

    Between those two, I like the Chrysler Capital lease.. If for some unforeseen reason you needed out of the lease early, or wanted to buy the car, the lower residual would help. Plus, Chrysler Capital might be easier on end-of-lease charges, because they have a vested interest in keeping you as a customer..

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  • kyfdxkyfdx Moderator Posts: 267,240
    rupper said:

    Could someone please comment on this deal?

    2015 Grand Cherokee Limited (added 20" wheels) 4X2
    MSRP $40,125
    Sale price $34,755
    MF .0015375
    RV 45%
    TTL $2522
    Acquisition Fee $895
    48 month lease/12,000 miles
    No cash down and no money due at signing. 
    Texas

    I was quoted $510/month. Thoughts? Is the RV low?

    Thanks!


    Looks scary.. who is the leasing bank?

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  • rupperrupper Member Posts: 2
    kyfdx said:
    Could someone please comment on this deal?

    2015 Grand Cherokee Limited (added 20" wheels) 4X2
    MSRP $40,125
    Sale price $34,755
    MF .0015375
    RV 45%
    TTL $2522
    Acquisition Fee $895
    48 month lease/12,000 miles
    No cash down and no money due at signing. 
    Texas

    I was quoted $510/month. Thoughts? Is the RV low?

    Thanks!
    Looks scary.. who is the leasing bank?
    Which part is scary?  I guess I don't know enough to be scared?? It's the credit union of texas.  Maybe I have the MF wrong. They quoted a 3.69% interest rate. 
  • kyfdxkyfdx Moderator Posts: 267,240
    edited March 2015
    rupper said:


    kyfdx said:

    rupper said:

    Could someone please comment on this deal?

    2015 Grand Cherokee Limited (added 20" wheels) 4X2
    MSRP $40,125
    Sale price $34,755
    MF .0015375
    RV 45%
    TTL $2522
    Acquisition Fee $895
    48 month lease/12,000 miles
    No cash down and no money due at signing. 
    Texas

    I was quoted $510/month. Thoughts? Is the RV low?

    Thanks!


    Looks scary.. who is the leasing bank?

    Which part is scary?  I guess I don't know enough to be scared?? It's the credit union of texas.  Maybe I have the MF wrong. They quoted a 3.69% interest rate. 


    Ah.. Texas. Well, you have to pay tax on the full selling price of the car, so that makes for a hefty lease payment..

    I just don't like being tied into a lease for that long... but, if paying full tax, at least you can amortize the tax over more months.

    I wonder why they don't use Chrysler Capital?

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  • mofstamofsta Member Posts: 7
    Michaell said:


    mofsta said:

    Michaell said:

    mofsta said:

    Hello Michaell, great blog ! lots of helpful info. Was wondering if you could evaluate this offer for me. I originally negotiated a purchase price of $36,400, but have now decided to look at my lease options. Here is what they came back with.
    2015 Jeep GC Altitude 23z
    R.I.
    Cap Cost - $36,605 / $1,000 rebate for having a lease
    12k miles per year 36 months
    residual value 57% $22,293
    money factor .0006
    No acq. fee
    $339 mo incudes tax ,
    $4,734 due at signing

    Thanks for your help !
    AJ

    I agree with the 57% residual, but the base MF is .00018. Jeep dealers can mark up the MF by .00042 - do the math.

    What is the breakdown of the $4700 due at signing? If any of it is for cap cost reduction, we don't recommend that. If the car is stolen or totaled, you are out that money.
    Thanks ! Ok the $4734 is a $4k down payment ($3k trade +$1k cash) , $220 doc fee, $175 registration , and first months payment.

    So I can push back on the .0006 ?


    Yes push back on the MF. 

    We do not recommend using trade equity or cash as a down payment. If the car is stolen or totaled you lose that money. 

    great thanks for the info !!
  • cmdabcmdab Member Posts: 21
    Hi, would you mind providing the MF and residual for a 2015 Jeep Grand Cherokee Overland 4x4, 36 month/15k miles in Baltimore, MD? Thank you.
  • muffinman21muffinman21 Member Posts: 9
    kydfx or Michaell

    2014 4x4 MF and % for 36/15m:
    Altitude
    Limited
    Overland

    Thanks great info here!
  • kyfdxkyfdx Moderator Posts: 267,240
    cmdab said:

    Hi, would you mind providing the MF and residual for a 2015 Jeep Grand Cherokee Overland 4x4, 36 month/15k miles in Baltimore, MD? Thank you.


    .00017 MF and 53% residual

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  • kyfdxkyfdx Moderator Posts: 267,240

    kydfx or Michaell

    2014 4x4 MF and % for 36/15m:
    Altitude
    Limited
    Overland

    Thanks great info here!



    Altitude: .00018 MF and 55% residual
    Limited: .00012 MF and 54% residual
    Overland: .00017 MF and 53% residual

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  • elitox87elitox87 Member Posts: 24
    kyfdx said:

    kydfx or Michaell

    2014 4x4 MF and % for 36/15m:
    Altitude
    Limited
    Overland

    Thanks great info here!



    Altitude: .00018 MF and 55% residual
    Limited: .00012 MF and 54% residual
    Overland: .00017 MF and 53% residual
    hey @kyfdx am guessing +3 for 10k and +2 for 12k?
  • kyfdxkyfdx Moderator Posts: 267,240
    elitox87 said:

    kyfdx said:

    kydfx or Michaell

    2014 4x4 MF and % for 36/15m:
    Altitude
    Limited
    Overland

    Thanks great info here!



    Altitude: .00018 MF and 55% residual
    Limited: .00012 MF and 54% residual
    Overland: .00017 MF and 53% residual
    hey @kyfdx am guessing +3 for 10k and +2 for 12k?

    Yes... that is correct

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  • muffinman21muffinman21 Member Posts: 9
    I can't find a good deal on an Altitude in tri-state area (around NYC). I would like to knock it down to ~400 no money down (36mo/15K) w/everything in the payment. Assuming MF .00012 and 54%, with an MSRP of $40,840 I would have to knock down the Base Cost to ~$34,500. Sales tax for me is 7.38%.

    You think I can have any luck? Anyone know any good dealerships around here that could throw me that type of deal?

  • MichaellMichaell Moderator Posts: 263,465

    I can't find a good deal on an Altitude in tri-state area (around NYC). I would like to knock it down to ~400 no money down (36mo/15K) w/everything in the payment. Assuming MF .00012 and 54%, with an MSRP of $40,840 I would have to knock down the Base Cost to ~$34,500. Sales tax for me is 7.38%.

    You think I can have any luck? Anyone know any good dealerships around here that could throw me that type of deal?

    You may want to expand your search radius to include Philadelphia, Washington DC and Boston - all it takes is for one dealer to agree to your terms.

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  • mud_headmud_head Member Posts: 24
    I'd like to know the current RV/MF for JGC Limited 4x4 V6 in Connecticut @ 12K/yr 36mo.
  • kyfdxkyfdx Moderator Posts: 267,240
    mud_head said:

    I'd like to know the current RV/MF for JGC Limited 4x4 V6 in Connecticut @ 12K/yr 36mo.

    .00012 MF and 56% residual

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  • muffinman21muffinman21 Member Posts: 9
    Michaell said:

    I can't find a good deal on an Altitude in tri-state area (around NYC). I would like to knock it down to ~400 no money down (36mo/15K) w/everything in the payment. Assuming MF .00012 and 54%, with an MSRP of $40,840 I would have to knock down the Base Cost to ~$34,500. Sales tax for me is 7.38%.

    You think I can have any luck? Anyone know any good dealerships around here that could throw me that type of deal?

    You may want to expand your search radius to include Philadelphia, Washington DC and Boston - all it takes is for one dealer to agree to your terms.
    Thanks for your feedback. Do you think the above is reasonable?
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