Hello - any thoughts on a MF and Residual for a 2015 Grand Jeep Cherokee Limited or Overland in Colorado? 10k or 12k a year miles, both for 36-mo. Also, am I thinking about this correctly that if I am able to negotiate the MSRP down from $44k to $41,452 and then put $3k down, the capital cost in the equation should really be $38,452? Thanks so much for the help - this site is amazing.
Quoted the following from a second dealer. Looking for some insight into weather these numbers are correct,
Msrp: $47,390 Cap Cost: $45,144 Net: $43,752 Conquest Lease Rebate: $1,000 (in a competitive lease) Money Factor: .00017 Residual: .55 (12k miles a year)
Hello - any thoughts on a MF and Residual for a 2015 Grand Jeep Cherokee Limited or Overland in Colorado? 10k or 12k a year miles, both for 36-mo. Also, am I thinking about this correctly that if I am able to negotiate the MSRP down from $44k to $41,452 and then put $3k down, the capital cost in the equation should really be $38,452? Thanks so much for the help - this site is amazing.
36/12 numbers:
Limited - .00012 and 56%
Overland - .00017 and 55%
Add 1% for 10K
Yes, your math is correct, but we do not recommend making a down payment on a lease. If the car is stolen or totaled, you lose that money.
Quoted the following from a second dealer. Looking for some insight into weather these numbers are correct,
Msrp: $47,390 Cap Cost: $45,144 Net: $43,752 Conquest Lease Rebate: $1,000 (in a competitive lease) Money Factor: .00017 Residual: .55 (12k miles a year)
Look correct?
If this is for a 36/15 lease on the Overland 4x4, then the numbers are correct. I get a pre-tax payment of $503.19/mo with this.
Quoted the following from a second dealer. Looking for some insight into weather these numbers are correct,
Msrp: $47,390 Cap Cost: $45,144 Net: $43,752 Conquest Lease Rebate: $1,000 (in a competitive lease) Money Factor: .00017 Residual: .55 (12k miles a year)
Look correct?
If this is for a 36/15 lease on the Overland 4x4, then the numbers are correct. I get a pre-tax payment of $503.19/mo with this.
It is for 36 Mo/ 12K, Overland 4X4. Does that change things?
Quoted the following from a second dealer. Looking for some insight into weather these numbers are correct,
Msrp: $47,390 Cap Cost: $45,144 Net: $43,752 Conquest Lease Rebate: $1,000 (in a competitive lease) Money Factor: .00017 Residual: .55 (12k miles a year)
Look correct?
If this is for a 36/15 lease on the Overland 4x4, then the numbers are correct. I get a pre-tax payment of $503.19/mo with this.
It is for 36 Mo/ 12K, Overland 4X4. Does that change things?
Hey im from Vancouver, Canada. Not sure if you can price something out for me. Im looking at a 2015 Jeep Grand Cherokee Limited v6 model, 36 month lease with 5 grand down, 12 percent taxes .What should I be looking at per month roughly?
Hey im from Vancouver, Canada. Not sure if you can price something out for me. Im looking at a 2015 Jeep Grand Cherokee Limited v6 model, 36 month lease with 5 grand down, 12 percent taxes .What should I be looking at per month roughly?
I'm being told by dealers that there are two financial companies affiliated with leasing Jeep, .00017 mf does not apply to both? Ally anf Chrysler financ., JGC Overland 4x4
Quoted money factor of 7.05%!!! This is to take advantage of $4250 lease cash through Ally, can't use with .00017 through CF they/dealers said
I'm being told by dealers that there are two financial companies affiliated with leasing Jeep, .00017 mf does not apply to both? Ally anf Chrysler financ., JGC Overland 4x4
Quoted money factor of 7.05%!!! This is to take advantage of $4250 lease cash through Ally, can't use with .00017 through CF they/dealers said
We only have numbers for Chrysler; as we don't have any numbers from Ally, we cannot confirm or deny any of the information the dealer tells you about that program.
The dealer is correct, you cannot mix and match MF and incentives. Higher MF from Ally is usually accompanied by a lease incentive.
You'll have to run the numbers to see which bank offers the best overall deal.
When you have a moment, could you give me an idea of what the residual value and money factor would be for a 2015 Jeep Grand Cherokee Limited 4x4 in Washington State (36mo/12k & 36mo/10k?) Is it common to have to make a down payment on a lease, and how much would you recommend? Also, any idea what a fair negotiated Capitalized cost would on that same vehicle, which is $45,755 MSRP.
When you have a moment, could you give me an idea of what the residual value and money factor would be for a 2015 Jeep Grand Cherokee Limited 4x4 in Washington State (36mo/12k & 36mo/10k?) Is it common to have to make a down payment on a lease, and how much would you recommend? Also, any idea what a fair negotiated Capitalized cost would on that same vehicle, which is $45,755 MSRP.
Thank you for your help!
.00012 MF and 56%/57% residual.
How you structure a lease is entirely up to you. If you have good credit, then only the first payment and government fees is necessary upfront (and, that's how I like to do it).
To establish a selling price, use the Make/Model/Year tabs at the top of the page and build your car.
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quote for 2015 JGC OVERLAND 4X4 MSRP 47390 sell $38,702 lease through Ally to take advantage of $4,250 rebates, MF is .0012 36 mos, 15k haven't negotiate any thing else, but I'll probably won't accept nothing less than $0 down, $0 out of pocket at signing, no other fees (docs or acq.)
quote for 2015 JGC OVERLAND 4X4 MSRP 47390 sell $38,702 lease through Ally to take advantage of $4,250 rebates, MF is .0012 36 mos, 15k haven't negotiate any thing else, but I'll probably won't accept nothing less than $0 down, $0 out of pocket at signing, no other fees (docs or acq.)
scale of 1-10, what is this deal woth?!
Hard to say - we don't have any numbers from Ally, so we don't know if the base MF is being marked up or not. The high MF is offset by the large rebates, but you'd have to run the numbers against a Chrysler lease to see which is better overall.
I was just bait & switched from Chrysler into Ally financial. The payment is close, but want to ask a few questions:
1. Does anyone know if there are any disadvantages at lease end with using Ally vs. Chrysler? IE, different disposition costs, excessive wear & tear, or losing 3rd party inspection? 2. I know the money factor & incentives can be different, but can the actual residual be different? Ally was 60% vs. Chrysler's residual of 57% for a '15 Altitude. 3. Does anyone know the best money factor for an Altitude lease with Ally? I'm getting 0.002375 but it feels really high even with the additional $4,420 incentive.
I was just bait & switched from Chrysler into Ally financial. The payment is close, but want to ask a few questions:
1. Does anyone know if there are any disadvantages at lease end with using Ally vs. Chrysler? IE, different disposition costs, excessive wear & tear, or losing 3rd party inspection? 2. I know the money factor & incentives can be different, but can the actual residual be different? Ally was 60% vs. Chrysler's residual of 57% for a '15 Altitude. 3. Does anyone know the best money factor for an Altitude lease with Ally? I'm getting 0.002375 but it feels really high even with the additional $4,420 incentive.
I'll reply based on my experience reading this forum.
1. No advantages or disadvantages that I know 2. Yes, the residual can be different. You can think of the residual as the price you negotiate. It's negotiable regardless of which bank you use. Money factors & incentives can be different between banks. 3. The hosts here don't have info on Ally, only Chryshler. It seems that Ally has high MF's, but they give you incentives. You have to calculate both scenarios to see what works better for you.
BTW, why would you want to do business with a dealer that pulls tricks like this? I hope there's another Jeep dealer near you.
I was just bait & switched from Chrysler into Ally financial. The payment is close, but want to ask a few questions:
1. Does anyone know if there are any disadvantages at lease end with using Ally vs. Chrysler? IE, different disposition costs, excessive wear & tear, or losing 3rd party inspection? 2. I know the money factor & incentives can be different, but can the actual residual be different? Ally was 60% vs. Chrysler's residual of 57% for a '15 Altitude. 3. Does anyone know the best money factor for an Altitude lease with Ally? I'm getting 0.002375 but it feels really high even with the additional $4,420 incentive.
1. As noted, the MF and residual values vary by bank. Non-Chrysler leases generally have a higher MF but are offset with lease specific rebates 2. MF and residual are unique to each bank 3. We don't have any Ally lease numbers to validate against what you've been told.
I was just bait & switched from Chrysler into Ally financial. The payment is close, but want to ask a few questions:
1. Does anyone know if there are any disadvantages at lease end with using Ally vs. Chrysler? IE, different disposition costs, excessive wear & tear, or losing 3rd party inspection? 2. I know the money factor & incentives can be different, but can the actual residual be different? Ally was 60% vs. Chrysler's residual of 57% for a '15 Altitude. 3. Does anyone know the best money factor for an Altitude lease with Ally? I'm getting 0.002375 but it feels really high even with the additional $4,420 incentive.
I'll reply based on my experience reading this forum.
1. No advantages or disadvantages that I know 2. Yes, the residual can be different. You can think of the residual as the price you negotiate. It's negotiable regardless of which bank you use. Money factors & incentives can be different between banks. 3. The hosts here don't have info on Ally, only Chryshler. It seems that Ally has high MF's, but they give you incentives. You have to calculate both scenarios to see what works better for you.
BTW, why would you want to do business with a dealer that pulls tricks like this? I hope there's another Jeep dealer near you.
It's not really their fault. It's because they gave me a quote for Altitude lease and didn't realize that Jeep is doing a minor update midyear that increased price of car by about $450. They couldn't get to the same price they quoted me originally with Chrysler, so they had to go to Ally. I'm not loving the higher residual because then there is less chance I can get out of lease early. Also, I'm leery on whether Ally has a worse turn-in procedure.
I was just bait & switched from Chrysler into Ally financial. The payment is close, but want to ask a few questions:
1. Does anyone know if there are any disadvantages at lease end with using Ally vs. Chrysler? IE, different disposition costs, excessive wear & tear, or losing 3rd party inspection? 2. I know the money factor & incentives can be different, but can the actual residual be different? Ally was 60% vs. Chrysler's residual of 57% for a '15 Altitude. 3. Does anyone know the best money factor for an Altitude lease with Ally? I'm getting 0.002375 but it feels really high even with the additional $4,420 incentive.
I'll reply based on my experience reading this forum.
1. No advantages or disadvantages that I know 2. Yes, the residual can be different. You can think of the residual as the price you negotiate. It's negotiable regardless of which bank you use. Money factors & incentives can be different between banks. 3. The hosts here don't have info on Ally, only Chryshler. It seems that Ally has high MF's, but they give you incentives. You have to calculate both scenarios to see what works better for you.
BTW, why would you want to do business with a dealer that pulls tricks like this? I hope there's another Jeep dealer near you.
It's not really their fault. It's because they gave me a quote for Altitude lease and didn't realize that Jeep is doing a minor update midyear that increased price of car by about $450. They couldn't get to the same price they quoted me originally with Chrysler, so they had to go to Ally. I'm not loving the higher residual because then there is less chance I can get out of lease early. Also, I'm leery on whether Ally has a worse turn-in procedure.
Correct - Ally doesn't have as much incentive to keep you as a customer, whereas Chrysler Finance does.
Didn't provide me with a selling price.1k down includes all the fees, taxes etc.that is all I would be paying. What dealer in PA offered you that deal if you dont mind sharing.great offer btw.
Comments
4x4
thanks as always.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Msrp: $47,390
Cap Cost: $45,144
Net: $43,752
Conquest Lease Rebate: $1,000 (in a competitive lease)
Money Factor: .00017
Residual: .55 (12k miles a year)
Look correct?
Limited - .00012 and 56%
Overland - .00017 and 55%
Add 1% for 10K
Yes, your math is correct, but we do not recommend making a down payment on a lease. If the car is stolen or totaled, you lose that money.
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24/15
36/15
thank you!
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thanks,
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
msrp 47585
residual 26647.60
price you pay 43589 + 499 + 27.20
minus residual 26647.60
total depreciation 16941.40
div by 36 mo base 485.45
net cap cost 43589
plus residual 70770.80
money factor .00017
interest 12.04
tax 38.06
total pmt 535.55
Seemed to check out to me, but figured I would ask the experts. Thanks!
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Everything seems right....
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Use the "Car Research" tab at the top of the page to get current incentive information.
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Don't have any information on USAA incentives.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Limited 4x2 36/15 - .00017 and 53%
Overland 4x2 24/15 - .00015 and 62%
Overland 4x2 36/15 - .00017 and 51%
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.00015 MF and 65% residual
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Monthly payments 400
Finance charge 360
Are my calculations correct?
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Quoted money factor of 7.05%!!! This is to take advantage of $4250 lease cash through Ally, can't use with .00017 through CF they/dealers said
The dealer is correct, you cannot mix and match MF and incentives. Higher MF from Ally is usually accompanied by a lease incentive.
You'll have to run the numbers to see which bank offers the best overall deal.
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When you have a moment, could you give me an idea of what the residual value and money factor would be for a 2015 Jeep Grand Cherokee Limited 4x4 in Washington State (36mo/12k & 36mo/10k?) Is it common to have to make a down payment on a lease, and how much would you recommend? Also, any idea what a fair negotiated Capitalized cost would on that same vehicle, which is $45,755 MSRP.
Thank you for your help!
How you structure a lease is entirely up to you. If you have good credit, then only the first payment and government fees is necessary upfront (and, that's how I like to do it).
To establish a selling price, use the Make/Model/Year tabs at the top of the page and build your car.
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.00012 and 56%
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MSRP 47390
sell $38,702
lease through Ally to take advantage of $4,250 rebates, MF is .0012
36 mos, 15k
haven't negotiate any thing else, but I'll probably won't accept nothing less than $0 down, $0 out of pocket at signing, no other fees (docs or acq.)
scale of 1-10, what is this deal woth?!
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1. Does anyone know if there are any disadvantages at lease end with using Ally vs. Chrysler? IE, different disposition costs, excessive wear & tear, or losing 3rd party inspection?
2. I know the money factor & incentives can be different, but can the actual residual be different? Ally was 60% vs. Chrysler's residual of 57% for a '15 Altitude.
3. Does anyone know the best money factor for an Altitude lease with Ally? I'm getting 0.002375 but it feels really high even with the additional $4,420 incentive.
1. No advantages or disadvantages that I know
2. Yes, the residual can be different. You can think of the residual as the price you negotiate. It's negotiable regardless of which bank you use. Money factors & incentives can be different between banks.
3. The hosts here don't have info on Ally, only Chryshler. It seems that Ally has high MF's, but they give you incentives. You have to calculate both scenarios to see what works better for you.
BTW, why would you want to do business with a dealer that pulls tricks like this? I hope there's another Jeep dealer near you.
2. MF and residual are unique to each bank
3. We don't have any Ally lease numbers to validate against what you've been told.
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I agree we need the selling price, but no, this doesn't seem like a good deal. never pay anything down.