2015 Jeep Grand Cherokee Lease Questions

Michaell

msblue30 said:

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.

I figured the $1000 at lease inception was for taxes, fees, etc and that none of it was for cap cost reduction.

Down Payment = Cap Cost Reduction

Out of Pocket - charges due at lease inception that isn't down payment or CCR

knackll

Hi Michael, I went in to my local dealer yesterday after coming to this website. I went in knowing what the current mf & rv were supposed to be. Below is what I was offered. They lower residual by 1% and offered mf at .00027. I think I may push back on what I was offered based on the April mf & rv you are explaining. Do you get the same numbers that I do and am I right to push back?
Thanks in advance.


Dealers offer 3yr/15,000
Msrp $51280
Sell $47878 (before rebate i qualify for $1000 conquest)
Residual $27178.40 (.53%) i thought this was .54%
MF .00027 (haven't even run my credit yet) i thought this was .00012
Payment $632.00 includes tax (7%)
Payment $609.00 includes tax & conquest rebate

What i think it should be using dealers msrp & sell $:
Msrp $51280
Sell $47878 (before rebate i qualify for $1000 conquest)
Residual $27691.00(.54%)
MF .00012
Payment $610.00 includes tax (7%)
Payment $582.00 includes tax & conquest rebate

Just another comment, I am trading in a vehicle and they were very persistent in knowing if it was paid off or not. I would not tell them until the offer on the lease was complete. I think they are going to low ball me significantly. We have not gotten that far. I kept telling them it is irrelevant to the lease offer.

Thanks,

Michaell

knackll said:

Hi Michael, I went in to my local dealer yesterday after coming to this website. I went in knowing what the current mf & rv were supposed to be. Below is what I was offered. They lower residual by 1% and offered mf at .00027. I think I may push back on what I was offered based on the April mf & rv you are explaining. Do you get the same numbers that I do and am I right to push back?
Thanks in advance.


Dealers offer 3yr/15,000
Msrp $51280
Sell $47878 (before rebate i qualify for $1000 conquest)
Residual $27178.40 (.53%) i thought this was .54%
MF .00027 (haven't even run my credit yet) i thought this was .00012
Payment $632.00 includes tax (7%)
Payment $609.00 includes tax & conquest rebate

What i think it should be using dealers msrp & sell $:
Msrp $51280
Sell $47878 (before rebate i qualify for $1000 conquest)
Residual $27691.00(.54%)
MF .00012
Payment $610.00 includes tax (7%)
Payment $582.00 includes tax & conquest rebate

Just another comment, I am trading in a vehicle and they were very persistent in knowing if it was paid off or not. I would not tell them until the offer on the lease was complete. I think they are going to low ball me significantly. We have not gotten that far. I kept telling them it is irrelevant to the lease offer.

Thanks,

.00012 and 54% are the 36/15 numbers for the JGC Limited 4x4. Is this the model you are trying to make a deal on?

With your MSRP and selling price, I get a pre-tax payment of $569.81; after tax, $609.70, so right in line with your calculations.

Ask the dealer what they are using for the net cap cost - if it's different (read: higher) than the selling price, have them explain why.

And, I agree with you - focus on the lease numbers for the new car and leave the trade out of it. One piece of advice, don't use any trade equity to buy down the payment. Have the dealer cut you a check for any equity you have.

knackll

Yes I'm sorry, I neglected to mention it is a 2015 JGC Overland 4x4 (I believe to still be same numbers as limited). I definitely plan to take your advice on the trade-in equity.
Thank you for your very helpful advice!
You offer a great tool and education.
knackll

Michaell

knackll said:

Yes I'm sorry, I neglected to mention it is a 2015 JGC Overland 4x4 (I believe to still be same numbers as limited). I definitely plan to take your advice on the trade-in equity.
Thank you for your very helpful advice!
You offer a great tool and education.
knackll

36/15 numbers on the Overland 4x4 are .00017 and 53%

msblue30

Selling price is $37673, with 1k down 39/12 they are giving me 503.32/mo. 36/12 is 513.83/mo. All fees included.

shmike

It looks like the Limited is going to be out of budget.

Can I get the 36/12 & 36/15 numbers for the Laredo and Laredo E.

MF & RV please. I'm in FL.

kyfdx

shmike said:

It looks like the Limited is going to be out of budget.

Can I get the 36/12 & 36/15 numbers for the Laredo and Laredo E.

MF & RV please. I'm in FL.

4X4 Laredo: .00018 MF and 57%/55% residual

Don't show a "Laredo E", so not sure if that's separate from the Laredo.

shmike

kyfdx said:

shmike said:

It looks like the Limited is going to be out of budget.

Can I get the 36/12 & 36/15 numbers for the Laredo and Laredo E.

MF & RV please. I'm in FL.

4X4 Laredo: .00018 MF and 57%/55% residual

Don't show a "Laredo E", so not sure if that's separate from the Laredo.

Thanks, I'm guessing 2wd is -2% RV?

Looks like the "E" is a quick order package so should fall under the basic Laredo.

Michaell

shmike said:

kyfdx said:

shmike said:

It looks like the Limited is going to be out of budget.

Can I get the 36/12 & 36/15 numbers for the Laredo and Laredo E.

MF & RV please. I'm in FL.

4X4 Laredo: .00018 MF and 57%/55% residual

Don't show a "Laredo E", so not sure if that's separate from the Laredo.

Thanks, I'm guessing 2wd is -2% RV?

Looks like the "E" is a quick order package so should fall under the basic Laredo.

36/15 for Laredo RWD is .00011 and 53%. Add 2% for 12K.

cpupeli1

Hey I've been reading posts on the forum and would like to get an estimate on a lease rate for the following:

36months, 10k

MSRP : $40,935

I've received one offer thus far of roughly $380/month and zero down besides taxes, DMV, fees

is there a way to estimate what the total of the other fees would be? I am in Nassau County in New York

Michaell

cpupeli1 said:

Hey I've been reading posts on the forum and would like to get an estimate on a lease rate for the following:

36months, 10k

MSRP : $40,935

I've received one offer thus far of roughly $380/month and zero down besides taxes, DMV, fees

is there a way to estimate what the total of the other fees would be? I am in Nassau County in New York

What trim level is this for? 4x2 or 4x4? What is the selling price?

There is a bank fee of $595 due at signing as well.

cpupeli1

Michaell said:

cpupeli1 said:

Hey I've been reading posts on the forum and would like to get an estimate on a lease rate for the following:

36months, 10k

MSRP : $40,935

I've received one offer thus far of roughly $380/month and zero down besides taxes, DMV, fees

is there a way to estimate what the total of the other fees would be? I am in Nassau County in New York

What trim level is this for? 4x2 or 4x4? What is the selling price?

There is a bank fee of $595 due at signing as well.

Trim is Limited sorry about that and 4x4

selling is about $39,500, I was quoted $370/month yesterday and about $3300.00 in fees including bank fee, first month, tax, etc. does $3300 sound high?

Michaell

cpupeli1 said:

Michaell said:

cpupeli1 said:

Hey I've been reading posts on the forum and would like to get an estimate on a lease rate for the following:

36months, 10k

MSRP : $40,935

I've received one offer thus far of roughly $380/month and zero down besides taxes, DMV, fees

is there a way to estimate what the total of the other fees would be? I am in Nassau County in New York

What trim level is this for? 4x2 or 4x4? What is the selling price?

There is a bank fee of $595 due at signing as well.

Trim is Limited sorry about that and 4x4

selling is about $39,500, I was quoted $370/month yesterday and about $3300.00 in fees including bank fee, first month, tax, etc. does $3300 sound high?

What state is this? $3300 does seem high for start up costs ... ask the dealer to provide a detailed breakdown of that $3300.

gvillega

Hello, Im looking for the MF and residual for April 2015 Jeep Grand Cherokee Limited 4x2. 
Thx

Michaell

gvillega said:

Hello, Im looking for the MF and residual for April 2015 Jeep Grand Cherokee Limited 4x2. 
Thx

.00017 and 53% for 36/15

knackll

Just got my new 2015 JGC Overland last night. Thanks to Michaell for the assist in the MF & Residual info. Great tool to have with this forum. Also, thank you to the person who posted his deal (screenshot) on 3/18/15. This was the one of the major tools in securing what I believe to be a very good deal.

The actual document that someone provided on this forum on 3/18/15, removed most all the negotiating and got us straight to the point. There was very little haggling. Also, in the beginning the dealer tried to inflate the rate, but thanks to Michaell that was resolved quickly.

Just a comment, I have leased for many years and I see many inquires as to people in general asking, "what my payment will be". My vast experience tells me, it is most important to know what is the Money Factor, Residual, MSRP, & lastly, what the Selling price of the vehicle is. If you have those pieces of information you should be good to go.

Where I struggled was not knowing what the maximum price difference between MSRP And selling price. It's all over the place. This was very important in negotiating my lease. It was helpful to have a few people chime in and offer the MSRP and what selling price they were quoted. Knowing what the dealers are taking off MSRP allows me to know in advance as to where I can be in payment. I prevent myself and the dealer from any undue stress of high expectations that maybe can't be met.

Example, if the most is $4000.00 off, I know I won't necessarily waste everyone's time asking $7000 off or something higher that may be unreasonable. I will know before going into the dealership that maybe I need to look at a different trim level of that vehicle or maybe another vehicle all together if the price works out to be not in my range. In my case I knew that some people were seeing between $3000-$5000 off MSRP. So I told the dealer this is where I need to be. Of course they balked a little, but agreed in the end. It was a fair deal. Could I have gotten more off? Maybe, I guess one could only try to push harder.

I get it everyone wants to get the best deal, but it's better to be reasonable than so aggressive to create stress. Knowing the RV, MF, MSRP & sell price to me is key to a successful negotiated deal.

That said, my deal:

2015 JGC Overland 4x4
$51280 MSRP
$45560 Selling price (Includes Rebates) $5720 off MSRP
Residual .53
MF .00017
36/15000yr
$523.00 Before Tax
Just 1st Payment Down

Michaell

knackll said:

Just got my new 2015 JGC Overland last night. Thanks to Michaell for the assist in the MF & Residual info. Great tool to have with this forum. Also, thank you to the person who posted his deal (screenshot) on 3/18/15. This was the one of the major tools in securing what I believe to be a very good deal.

The actual document that someone provided on this forum on 3/18/15, removed most all the negotiating and got us straight to the point. There was very little haggling. Also, in the beginning the dealer tried to inflate the rate, but thanks to Michaell that was resolved quickly.

Just a comment, I have leased for many years and I see many inquires as to people in general asking, "what my payment will be". My vast experience tells me, it is most important to know what is the Money Factor, Residual, MSRP, & lastly, what the Selling price of the vehicle is. If you have those pieces of information you should be good to go.

Where I struggled was not knowing what the maximum price difference between MSRP And selling price. It's all over the place. This was very important in negotiating my lease. It was helpful to have a few people chime in and offer the MSRP and what selling price they were quoted. Knowing what the dealers are taking off MSRP allows me to know in advance as to where I can be in payment. I prevent myself and the dealer from any undue stress of high expectations that maybe can't be met.

Example, if the most is $4000.00 off, I know I won't necessarily waste everyone's time asking $7000 off or something higher that may be unreasonable. I will know before going into the dealership that maybe I need to look at a different trim level of that vehicle or maybe another vehicle all together if the price works out to be not in my range. In my case I knew that some people were seeing between $3000-$5000 off MSRP. So I told the dealer this is where I need to be. Of course they balked a little, but agreed in the end. It was a fair deal. Could I have gotten more off? Maybe, I guess one could only try to push harder.

I get it everyone wants to get the best deal, but it's better to be reasonable than so aggressive to create stress. Knowing the RV, MF, MSRP & sell price to me is key to a successful negotiated deal.

That said, my deal:

2015 JGC Overland 4x4
$51280 MSRP
$45560 Selling price (Includes Rebates) $5720 off MSRP
Residual .53
MF .00017
36/15000yr
$523.00 Before Tax
Just 1st Payment Down

Nice deal .. enjoy the new Jeep!

gvillega

Thank u, how about residual for 36month 10k miles. JGC Overland 4x2

Michaell

gvillega said:

Thank u, how about residual for 36month 10k miles. JGC Overland 4x2

.00017 and 54%

cstowe

Any idea on the new MF and residual for a 4x4 Altitude in Tulsa, OK? 12/36 mi/mo

Michaell

cstowe said:

Any idea on the new MF and residual for a 4x4 Altitude in Tulsa, OK? 12/36 mi/mo

The current numbers from Chrysler are valid until Monday, May 4th.

.00018 and 57% for Altitude 4x4 36/12.

cstowe

Michaell said:

Any idea on the new MF and residual for a 4x4 Altitude in Tulsa, OK? 12/36 mi/mo

The current numbers from Chrysler are valid until Monday, May 4th. .00018 and 57% for Altitude 4x4 36/12.

I'm looking for the May numbers. Can you share those when you have them?

cstowe

Ok, today is a new day!  Just following up on this:

Any idea on the new MF and residual for a 4x4 Altitude in Tulsa, OK? 12/36 mi/mo

kyfdx

cstowe said:

Ok, today is a new day!  Just following up on this:

Any idea on the new MF and residual for a 4x4 Altitude in Tulsa, OK? 12/36 mi/mo

.00032 MF and 51% residual

gvillega

Hello do you have numbers for may, 2015 Jeep GC Limited 4x2 with Lux2 package and 20 inch wheels. 36 month 10k miles. MF and RV?
Also could you confirm $2500 lease cash incentive?

gvillega

Im in Miami, Fl

Michaell

gvillega said:

Hello do you have numbers for may, 2015 Jeep GC Limited 4x2 with Lux2 package and 20 inch wheels. 36 month 10k miles. MF and RV?
Also could you confirm $2500 lease cash incentive?

.00087 and 54%. I see no lease cash from Chrysler Financial.

cstowe

kyfdx said:

cstowe said:

Ok, today is a new day!  Just following up on this:

Any idea on the new MF and residual for a 4x4 Altitude in Tulsa, OK? 12/36 mi/mo

.00032 MF and 51% residual

Wow! Are you sure? That is a huge change from .57 and .00018 last month. Why such a drastic move I wonder? I probably wont get the truck now.

Michaell

cstowe said:

kyfdx said:

cstowe said:

Ok, today is a new day!  Just following up on this:

Any idea on the new MF and residual for a 4x4 Altitude in Tulsa, OK? 12/36 mi/mo

.00032 MF and 51% residual

Wow! Are you sure? That is a huge change from .57 and .00018 last month. Why such a drastic move I wonder? I probably wont get the truck now.

No idea why the brain trust at Chrysler Financial messed with the numbers this month ... if sales have been strong, perhaps it's an attempt to cash in on the popularity of SUV's given the low fuel prices.

anh3

Any May numbers for 36/15k:

1) JGC LIMITED 4X4 WITH LUX. GROUP II
2) Overland/summit 4x4

thanks,

Michaell

anh3 said:

Any May numbers for 36/15k:

1) JGC LIMITED 4X4 WITH LUX. GROUP II
2) Overland/summit 4x4

thanks,

36/15 numbers:
1. Limited 4x4 - .00055 and 51%
2. Overland 4x4 - .00039 and 50%
3. Summit 4x4 - .00090 and 49%

tkconnections

Numbers for 4wd models 36/10, 36/12 Laredo Altitude Limited Out of South Carolina. Thanks in advance! Site is awesome!

Michaell

tkconnections said:

Numbers for 4wd models 36/10, 36/12
Laredo
Altitude
Limited
Out of South Carolina.
Thanks in advance! Site is awesome!

36/12 numbers:

Laredo 4x4 - .00032 and 51%
Altitude 4x4 - .00032 and 51%
Limited 4x4 - .00055 and 53%

Add 1% for 10K

msblue30

Hi Michaell, what are the numbers for this month for a JGC Altitude 4x4 36/12k and 39/12k in NJ.thanks 

Michaell

msblue30 said:

Hi Michaell, what are the numbers for this month for a JGC Altitude 4x4 36/12k and 39/12k in NJ.thanks 

Altitude 4x4 - .00032 and 51% for 36/12. Subtract 2% for 39 months.

mud_head

Looking for May MF and residual for JGC 4X4 Limited 36/12 in VA

Michaell

mud_head said:

Looking for May MF and residual for JGC 4X4 Limited 36/12 in VA

.00055 and 53%

mud_head

Michaell said:

mud_head said:

Looking for May MF and residual for JGC 4X4 Limited 36/12 in VA

.00055 and 53%

Thanks Michaell. I'm also considering purchasing the same vehicle in CT, any difference?

Michaell

mud_head said:

Michaell said:

mud_head said:

Looking for May MF and residual for JGC 4X4 Limited 36/12 in VA

.00055 and 53%

Thanks Michaell. I'm also considering purchasing the same vehicle in CT, any difference?

Chrysler numbers seem to be national.

mud_head

I just got off the phone with a local dealer who provided me with a lease quote on a JGC limited 4x4 36/12k at 53% residual and .00055 MF AND $2500 lease cash. He stated that numbers were from Chrysler financial. Anyone else receiving the same message?

Michaell

mud_head said:

I just got off the phone with a local dealer who provided me with a lease quote on a JGC limited 4x4 36/12k at 53% residual and .00055 MF AND $2500 lease cash. He stated that numbers were from Chrysler financial. Anyone else receiving the same message?

Just because I don't see the lease cash doesn't mean it's not there.

mud_head

Thanks Michaell, with your info and others in the forum here's where I ended up going forward with:
JGC limited 4x4
36mo/12k
1500 down
Msrp 42300
Gross cap cost 39840
Adjusted cap cost 36532
449/mo incl tax

53% residual, .00055 MF $3000 lease rebate Chrysler capital

Michaell

mud_head said:

Thanks Michaell, with your info and others in the forum here's where I ended up going forward with:
JGC limited 4x4
36mo/12k
1500 down
Msrp 42300
Gross cap cost 39840
Adjusted cap cost 36532
449/mo incl tax

53% residual, .00055 MF $3000 lease rebate Chrysler capital

Congrats!

s_corb

Good Morning Everyone.

What are May MF and RV for Jeep Grand Cherokee 4X4 Overland 36/12 in NJ? Thanks in advance.

Michaell

s_corb said:

Good Morning Everyone.

What are May MF and RV for Jeep Grand Cherokee 4X4 Overland 36/12 in NJ? Thanks in advance.

.00039 and 52%

s_corb

Thank you, Michaell. Could I also get them on a Summit as well? Prices are close and I may as well look into it.

Michaell

s_corb said:

Thank you, Michaell. Could I also get them on a Summit as well? Prices are close and I may as well look into it.

Summit 4x4 36/12 - .00090 and 51%.

spiro29

Can you help me with a 2015 Altitude lease. The dealer said the Net Cap is $37,500 MF .05% with a residual of 58%. Lease term was 36 months 12k miles. I wasn't putting anything down just dmv fees. I am re approved through Chrysler Capital. Does this seem correct? What numbers do you come up with for this month.Thanks.

Michaell

spiro29 said:

Can you help me with a 2015 Altitude lease. The dealer said the Net Cap is $37,500 MF .05% with a residual of 58%. Lease term was 36 months 12k miles. I wasn't putting anything down just dmv fees. I am re approved through Chrysler Capital. Does this seem correct? What numbers do you come up with for this month.Thanks.

Altitude 4x4 - .00032 and 51% for 36/12
Altitude 4x2 - .00075 and 51% for 36/12

What is the MSRP? Not sure that the dealer quoted you numbers through Chrysler Financial ... they cannot modify the residual. Though, 58% is the 24/12 residual on the 4x4, with a .00039 MF.