2015 Jeep Grand Cherokee Lease Questions

mwahlert

Is there support for 24/15 on limited with diesel?
4x4

thanks as always. 

Michaell

mwahlert said:

Is there support for 24/15 on limited with diesel?
4x4

thanks as always. 

.00035 and 67%

dantastic1

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.

moneal234

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?

Michaell

dantastic1 said:

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.

Michaell

moneal234 said:

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.

moneal234

Michaell said:

moneal234 said:

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?

Michaell

moneal234 said:

Michaell said:

moneal234 said:

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?

Residual should be 57%, not 55%, for 12K miles.

mwahlert

What is available for a leftover 2014 4x2 limited diesel? 

24/15 
36/15

thank you!

Michaell

mwahlert said:

What is available for a leftover 2014 4x2 limited diesel? 

24/15 
36/15

thank you!

No support on 2014's ... standard MF of .00180 (or so) applies. 52% / 44% residual.

mwahlert

Michaell said:

What is available for a leftover 2014 4x2 limited diesel? 

24/15 
36/15

thank you!

No support on 2014's ... standard MF of .00180 (or so) applies. 52% / 44% residual.

Ouch!  They will be stuck with that thing!

anh3

please verify lease for 2015 JGC Limited 4x4, still at .00012 and 54% for 36/15k?

thanks,

Michaell

anh3 said:

please verify lease for 2015 JGC Limited 4x4, still at .00012 and 54% for 36/15k?

thanks,

Yes, those numbers are correct for April

jd100

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?

dantastic1

Any thoughts on the following deal in Colorado? 36m/10k a year on an Overland.

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!

Michaell

jd100 said:

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?

We don't have any Canadian lease numbers, sorry.

jd100

Where could I go to get help on that?

Michaell

dantastic1 said:

Any thoughts on the following deal in Colorado? 36m/10k a year on an Overland.

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!

My numbers are only slightly off from yours ... $497.24/mo before tax (.01 off - rounding). What tax rate are you paying in Colorado?

Everything seems right....

dadamager30

Can you please give me RV and MF for 2015 JGC Limited with Lux II 39 and 36 months with 15K miles? Is there also $500.00 USAA rebate?

Michaell

dadamager30 said:

Can you please give me RV and MF for 2015 JGC Limited with Lux II 39 and 36 months with 15K miles? Is there also $500.00 USAA rebate?

4x4 or 4x2?

Use the "Car Research" tab at the top of the page to get current incentive information.

dadamager30

Michaell said:

dadamager30 said:

Can you please give me RV and MF for 2015 JGC Limited with Lux II 39 and 36 months with 15K miles? Is there also $500.00 USAA rebate?

4x4 or 4x2?

Use the "Car Research" tab at the top of the page to get current incentive information.

4X4

Michaell

dadamager30 said:

Can you please give me RV and MF for 2015 JGC Limited 4x4 with Lux II 39 and 36 months with 15K miles? Is there also $500.00 USAA rebate?

.00012 and 54% for 36/15. Subtract 4% for 39 months.

Don't have any information on USAA incentives.

nitro9900

I was wondering if I could get numbers on a Limited (lux pkg) and Overland 2015 4x2, 36/15, 24/15. Also, what is Chrysler bank fee?

Michaell

nitro9900 said:

I was wondering if I could get numbers on a Limited (lux pkg) and Overland 2015 4x2, 36/15, 24/15. Also, what is Chrysler bank fee?

Limited 4x2 24/15 - .00013 and 64%
Limited 4x2 36/15 - .00017 and 53%

Overland 4x2 24/15 - .00015 and 62%
Overland 4x2 36/15 - .00017 and 51%

nitro9900

Thanks. What are the bank fees? Do you see Alley or Chrysler better this month?

Michaell

nitro9900 said:

Thanks. What are the bank fees? Do you see Alley or Chrysler better this month?

I only have Chrysler Financial information ... bank fee is $595

dkmcclelland

Can you give me the money factor and residual for a 2015 Overland 4x4 36/12k and 24/12k? Thank you

kyfdx

dkmcclelland said:

Can you give me the money factor and residual for a 2015 Overland 4x4 36/12k and 24/12k? Thank you

.00017 MF and 55% residual
.00015 MF and 65% residual

msblue30

2015 JGC Altitude 4x4 36/15

.00018 MF and 55% RV 

Selling price 36,653

MSRP 40,480

Cap Cost ~36,653

Net cap cost ~38,019 Inc.tax and finance charge.

Residual Value 22,220

Depreciation 14,433.    
Monthly payments 400    
Finance charge 360

Interest Rate 0.432 %

Tax 1,006.00 (28/mo.)

Total monthly payment 438

 
Are my calculations correct?

Michaell

msblue30 said:

2015 JGC Altitude 4x4 36/15

.00018 MF and 55% RV 

Selling price 36,653

MSRP 40,480

Cap Cost ~36,653

Net cap cost ~38,019 Inc.tax and finance charge.

Residual Value 22,220

Depreciation 14,433.    
Monthly payments 400    
Finance charge 360

Interest Rate 0.432 %

Tax 1,006.00 (28/mo.)

Total monthly payment 438

 
Are my calculations correct?

I get $448.49/mo with your numbers (net cap cost)

anh3

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

Michaell

anh3 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.

nstuhr09

Hello,

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!

kyfdx

nstuhr09 said:

Hello,

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.

mud_head

Could you please provide MF and residual for JGC Limited 36/12 in Connecticut?

Michaell

mud_head said:

Could you please provide MF and residual for JGC Limited 36/12 in Connecticut?

4x4?

.00012 and 56%

Kirstie_H

If you traded in a hybrid for an SUV, a reporter would like to talk with you. Please email PR@edmunds.com no later than Friday, April 24, 2015 and be sure to include your daytime contact info and a few words about your experience with your vehicles.

cyates88

April Reisduals for 36mo/15mi Limited 4x2? I'm in Texas if it matters.

kyfdx

cyates88 said:

April Reisduals for 36mo/15mi Limited 4x2? I'm in Texas if it matters.

.00017 MF and 53% residual

anh3

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?!

Michaell

anh3 said:

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.

awarren82

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.

verdugo

awarren82 said:

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.

Michaell

awarren82 said:

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.

awarren82

verdugo said:

awarren82 said:

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.

Michaell

awarren82 said:

verdugo said:

awarren82 said:

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.

msblue30

Dealer offered a deal with 1k down 459 mo. 39/12 for altitude msrp 40480. I'm in NJ btw.good deal?

Michaell

msblue30 said:

Dealer offered a deal with 1k down 459 mo. 39/12 for altitude msrp 40480. I'm in NJ btw.good deal?

What is the selling price?

awarren82

Michaell said:

msblue30 said:

Dealer offered a deal with 1k down 459 mo. 39/12 for altitude msrp 40480. I'm in NJ btw.good deal?

What is the selling price?

I agree we need the selling price, but no, this doesn't seem like a good deal. never pay anything down.

msblue30

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.