2015 Jeep Grand Cherokee Lease Questions

Michaell

alludc said:

Michaell said:

Keep searching .. it only takes one dealer to accommodate you and make a deal. As the end of the month nears, you may encounter one who needs to make that one additional sale to hit a volume bonus.

Michaell,
Based on the info I have so far, is 49% residual and .00032MF correct for a 15 GC Altitude 4x4?
If so, based on 40,685 MSRP do I get the residual from that or from the negotiated price? My best negotiated price is 36,697 after discounts and lease cash. I assume by that, that is 40685-2500lease cash-1488 dealer discount. If I figure 49% of 40685 I have 19,935 residual. Am I doing this right?
that dealer says the following first payment with tax, tax on down, license, registration, title and fees is 2104.16 and ill have 38 remaining payments of 556(tax included) this is 39/12. I cant make the math work on this no matter how I do it. Local tax is 8.1%

Without giving me the number they work with, ive had other offers of 2k driveoff and 539(tax included)

To me, both of these seem wrong by upwards of $50 a month. But I am absolutely a lease-newb.

I confirm the .00032 and 49% for the Altitude 4x4 for 36 months, 15,000 miles per year. Subtract 2% from the residual for 39 months. Add 2% to the residual for 12,000 miles per year.

Using the $40,685 as the MSRP and $36,697 as the net cap cost, I get a 36/15 pre-tax payment of $484/mo; $523/mo after tax.

alludc

thank you

alludc

Theyve brought me to 36/12 2kdrive off to 510 (tax included) on the Altitude 4x4. I feel its fair, but the low residual is certainly not helping. Its been as high as 53% recently if I remember correctly. I may pass.

Michaell

alludc said:

Theyve brought me to 36/12 2kdrive off to 510 (tax included) on the Altitude 4x4. I feel its fair, but the low residual is certainly not helping. Its been as high as 53% recently if I remember correctly. I may pass.

Lots of choices out there, some of which may have better lease numbers.

wbaker48

Hi looking for info on limited plz for colorado 36/12 MF and resid

Michaell

wbaker48 said:

Hi looking for info on limited plz for colorado 36/12 MF and resid

.00055 and 53% for 36/12 on the JGC Limited 4x4.

alludc

I have one dealer coming back with .48residual. The money factor is .001400.

has anything changed on the 4x4 Altitude here at the end of the month?

alludc

heres my most informative (yet not the best price) to date. msrp 39890. sales price 36361. tax = 3017.97, 399 doc fee 537 lieu tax ,13.75 title fee. total due 40334.24
$2,000 drive off = 489 (+tax) 39/12

Best price to date was 510 (tax included) but no numbers to show yet

Michaell

alludc said:

heres my most informative (yet not the best price) to date. msrp 39890. sales price 36361. tax = 3017.97, 399 doc fee 537 lieu tax ,13.75 title fee. total due 40334.24
$2,000 drive off = 489 (+tax) 39/12

Best price to date was 510 (tax included) but no numbers to show yet

What lease term and how many miles per year is this quote for?

alludc

Michaell said:

alludc said:

heres my most informative (yet not the best price) to date. msrp 39890. sales price 36361. tax = 3017.97, 399 doc fee 537 lieu tax ,13.75 title fee. total due 40334.24
$2,000 drive off = 489 (+tax) 39/12

Best price to date was 510 (tax included) but no numbers to show yet

What lease term and how many miles per year is this quote for?

its in my post 39/12

I have since just got back another 39/12 quote of $422 all in with 2k drive off. I double checked and he confirmed the payment has tax in it, but I HIGHLY doubt hes correct. Again, this is 2015 Altitude 4x4

alludc

Vehicle Price:
$39,890.00
Savings:
$3,530.00
Price:
$36,360.00
Sales Tax (estimate):
$3,017.97
Documentation Fee:
$399.00
Lieu Tax:
$537.52
Title Fee:
$13.75
Tire Fee:
$5.00
Balance Due (estimate):
$40,334.24


Cash Due $2000
39 months/12k
Rebates: $2,500

$422 mo

Michaell

alludc said:

Vehicle Price:
$39,890.00
Savings:
$3,530.00
Price:
$36,360.00
Sales Tax (estimate):
$3,017.97
Documentation Fee:
$399.00
Lieu Tax:
$537.52
Title Fee:
$13.75
Tire Fee:
$5.00
Balance Due (estimate):
$40,334.24


Cash Due $2000
39 months/12k
Rebates: $2,500

$422 mo

Something isn't right .. even if I back out $4500 from the "Balance Due" and using the 39/12 numbers of .00032 and 49%, I get a payment of $435/mo. Close ....

And, remind me what state this is? I don't think the tax is being calculated right.

One last question ... confirm that this is a Chrysler Capital lease ... if it's from another bank, we don't have those lease numbers to confirm.

alludc

Michaell said:

alludc said:

Vehicle Price:
$39,890.00
Savings:
$3,530.00
Price:
$36,360.00
Sales Tax (estimate):
$3,017.97
Documentation Fee:
$399.00
Lieu Tax:
$537.52
Title Fee:
$13.75
Tire Fee:
$5.00
Balance Due (estimate):
$40,334.24


Cash Due $2000
39 months/12k
Rebates: $2,500

$422 mo

Something isn't right .. even if I back out $4500 from the "Balance Due" and using the 39/12 numbers of .00032 and 49%, I get a payment of $435/mo. Close ....

And, remind me what state this is? I don't think the tax is being calculated right.

One last question ... confirm that this is a Chrysler Capital lease ... if it's from another bank, we don't have those lease numbers to confirm.

I am awaiting confirmation of your questions. Meanwhile a couple others have come back with payments in the 460-470 range tax included which to me, makes more sense.

taxes here are 8.1 - 8.3

alludc

fyi, confirmed at that price and chrysler capital lease. guess its worth the drive to find out if theyre gonna punk me when I get there. I do have some 440s for backup though

Michaell

alludc said:

fyi, confirmed at that price and chrysler capital lease. guess its worth the drive to find out if theyre gonna punk me when I get there. I do have some 440s for backup though

Keep us posted.

takryan

So after running mine and my cosigner's credit application, the dealership tells me that the only lender that in fact allows cosigner's on a lease is Chrysler. Which would in turn cost me my $2500 IDL rebate. 

Has anyone ever encountered such an
issue in regards to the cosigner?

benseattle89

Looking to compare a JGC Summit EcoDiesel to a few others. Can you send me the MF and RV for 36/12? Thanks.

kyfdx

benseattle89 said:

Looking to compare a JGC Summit EcoDiesel to a few others. Can you send me the MF and RV for 36/12? Thanks.

4X4? .00090 MF and 53% residual

benseattle89

Yes, 4x4. Just curious what it would be for 24/12? Thanks.

Michaell

benseattle89 said:

Yes, 4x4. Just curious what it would be for 24/12? Thanks.

.00057 and 62%

JefferTech

Wanted to see if you had numbers for an Overland 4x2 24 & 36 month 15k per year

JefferTech

do you have Overland 4x2 24 and 36 month numbers for 15,000 per year

Michaell

jefcb01 said:

do you have Overland 4x2 24 and 36 month numbers for 15,000 per year

Current Chrysler numbers are set to expire today (6/1/15).

Overland 4x2 36/15 - .00065 and 49%

kymera

Michaell said:

kymera said:

Okay. Kinda disappointed with the Jeep dealership. They told me there was just $1k conquest and like $1k memorial day rebate. I didn't say that I was going to lease which should be another $2500 rebate (if I read the site here properly). Then they said that the Altitude was the most popular Jeep and gave me $1k off the MSRP. I mean I was almost insulted.

Does anyone have any tips to help get the purchase price down further? Should I say that I know what the invoice price is or anything similar?

Get multiple dealers involved - the competition should help you get the price you want. 


This x1000.

It was a bit more inconvenient, but I did hit 4 Jeep dealers. 3 of them gave me the run around and didn't give me any substantial discount from the MSRP. In fact, the first 1k below offer was the best that I had received. When they gave me the "What can I do to get you in a car today?" line, and I told them my buying price they told me it was impossible without even checking with anyone. So, I walked out. The 4th dealership was considerably further away and I almost didn't go there. I also had a female sales person so I don't know if that made a difference but I was tired of the "dealership experience" and didn't feel like haggling. After she came out with a first offer ($500 off MSRP) I said essentially here is my price if you can't meet it just let me know now. She asked me to wait one second, disappeared for 2 minutes, came back, sat down and beat my price by something like $400 for the same Jeep the other dealership couldn't budge more than $1k on.

I didn't think there would be that kind of variation between dealers, but I asked how she was able to get the price so low. I was told that they were very close to their numbers to qualify for some factory bonus and since I appeared motivated to buy, they were motivated to sell and get one sale closer to the award. So, they were willing to take a small loss (to them, big gain to me) on a single car to get the bigger payout from the factory.

Needless to say, I got my Jeep from there with the numbers laid out in this forum (thanks for that BTW, they didn't try to jack up any numbers or hide any charges, but I felt good having that information to keep them honest) I'm paying $420/month and I got that wheel/tire protection thrown in too for 50% off with $0 down and just the bare minimum in fees.

Michaell

kymera said:

Michaell said:

kymera said:

Okay. Kinda disappointed with the Jeep dealership. They told me there was just $1k conquest and like $1k memorial day rebate. I didn't say that I was going to lease which should be another $2500 rebate (if I read the site here properly). Then they said that the Altitude was the most popular Jeep and gave me $1k off the MSRP. I mean I was almost insulted.

Does anyone have any tips to help get the purchase price down further? Should I say that I know what the invoice price is or anything similar?

Get multiple dealers involved - the competition should help you get the price you want. 

This x1000.

It was a bit more inconvenient, but I did hit 4 Jeep dealers. 3 of them gave me the run around and didn't give me any substantial discount from the MSRP. In fact, the first 1k below offer was the best that I had received. When they gave me the "What can I do to get you in a car today?" line, and I told them my buying price they told me it was impossible without even checking with anyone. So, I walked out. The 4th dealership was considerably further away and I almost didn't go there. I also had a female sales person so I don't know if that made a difference but I was tired of the "dealership experience" and didn't feel like haggling. After she came out with a first offer ($500 off MSRP) I said essentially here is my price if you can't meet it just let me know now. She asked me to wait one second, disappeared for 2 minutes, came back, sat down and beat my price by something like $400 for the same Jeep the other dealership couldn't budge more than $1k on.

I didn't think there would be that kind of variation between dealers, but I asked how she was able to get the price so low. I was told that they were very close to their numbers to qualify for some factory bonus and since I appeared motivated to buy, they were motivated to sell and get one sale closer to the award. So, they were willing to take a small loss (to them, big gain to me) on a single car to get the bigger payout from the factory.

Needless to say, I got my Jeep from there with the numbers laid out in this forum (thanks for that BTW, they didn't try to jack up any numbers or hide any charges, but I felt good having that information to keep them honest) I'm paying $420/month and I got that wheel/tire protection thrown in too for 50% off with $0 down and just the bare minimum in fees.


Excellent! Glad to see the extra work paid off. And, you found the one dealer who was close to their volume bonus and did what it took to get you into a car.

Enjoy!

anh3

Michaell said:

kymera said:

Michaell said:

kymera said:

Okay. Kinda disappointed with the Jeep dealership. They told me there was just $1k conquest and like $1k memorial day rebate. I didn't say that I was going to lease which should be another $2500 rebate (if I read the site here properly). Then they said that the Altitude was the most popular Jeep and gave me $1k off the MSRP. I mean I was almost insulted.

Does anyone have any tips to help get the purchase price down further? Should I say that I know what the invoice price is or anything similar?

Get multiple dealers involved - the competition should help you get the price you want. 

This x1000.

It was a bit more inconvenient, but I did hit 4 Jeep dealers. 3 of them gave me the run around and didn't give me any substantial discount from the MSRP. In fact, the first 1k below offer was the best that I had received. When they gave me the "What can I do to get you in a car today?" line, and I told them my buying price they told me it was impossible without even checking with anyone. So, I walked out. The 4th dealership was considerably further away and I almost didn't go there. I also had a female sales person so I don't know if that made a difference but I was tired of the "dealership experience" and didn't feel like haggling. After she came out with a first offer ($500 off MSRP) I said essentially here is my price if you can't meet it just let me know now. She asked me to wait one second, disappeared for 2 minutes, came back, sat down and beat my price by something like $400 for the same Jeep the other dealership couldn't budge more than $1k on.

I didn't think there would be that kind of variation between dealers, but I asked how she was able to get the price so low. I was told that they were very close to their numbers to qualify for some factory bonus and since I appeared motivated to buy, they were motivated to sell and get one sale closer to the award. So, they were willing to take a small loss (to them, big gain to me) on a single car to get the bigger payout from the factory.

Needless to say, I got my Jeep from there with the numbers laid out in this forum (thanks for that BTW, they didn't try to jack up any numbers or hide any charges, but I felt good having that information to keep them honest) I'm paying $420/month and I got that wheel/tire protection thrown in too for 50% off with $0 down and just the bare minimum in fees.

Excellent! Glad to see the extra work paid off. And, you found the one dealer who was close to their volume bonus and did what it took to get you into a car.

Enjoy!


I also operated on this same principle; plus hard research, knowing what incentives you qualified for, sending out leads to lots of dealers ( I also was willing to fly-one way to where ever and drive back, most dealer will cover your ticket). And timing = be prepare to walk away and/or wait for better counter offers. Read up on prices that people are reporting on here....

I had in fact theorized that if you're offering a doable price for both parties, all it takes is the right time and the dealer will sell. It worked for me!

I spent the month of April with dealers not budging. All the quotes were in the high $600; then came mid-May, $47k msrp, 36/15k, 2015 JGC Overland 4x4, $500/mo. tax included @7%, $0 down, $0 due at signing, and no extra cost-oil changes for life of lease!

And to further, not in a scientific way, of proving my theory, another dealer then offered $480 two days after I signed my contract (only difference is they want 1st month's payment due at signing).

hope this will help other people with their perpsectives on negotiating their lease.

takryan

Can you tell us the new numbers as of today?

Overland 4x4
36/15k

Overland 4x2
36/15k

Thanks

duk3

What's the MF and residual for JGC Limited 4x4 36/12k for Seattle area?

kyfdx

takryan said:

Can you tell us the new numbers as of today?

Overland 4x4
36/15k

Overland 4x2
36/15k

Thanks

4X4: .00039 MF and 50% residual
4X2: .00065 MF and 49% residual.

No acquisition fee on Grand Cherokees through Chrysler Capital, this month.

kyfdx

duk3 said:

What's the MF and residual for JGC Limited 4x4 36/12k for Seattle area?

.00055 MF and 53% residual

No acquisition fee this month through Chrysler Capital

newjeep2015

kyfdx said:

takryan said:

Can you tell us the new numbers as of today?

Overland 4x4
36/15k

Overland 4x2
36/15k

Thanks

4X4: .00039 MF and 50% residual
4X2: .00065 MF and 49% residual.

No acquisition fee on Grand Cherokees through Chrysler Capital, this month.

Do you have the 4x2 numbers for a 12k lease? Also, do you know if the $2,500 lease cash is still good, and are there any other lease incentives?

Michaell

newjeep2015 said:

kyfdx said:

takryan said:

Can you tell us the new numbers as of today?

Overland 4x4
36/15k

Overland 4x2
36/15k

Thanks

4X4: .00039 MF and 50% residual
4X2: .00065 MF and 49% residual.

No acquisition fee on Grand Cherokees through Chrysler Capital, this month.

Do you have the 4x2 numbers for a 12k lease? Also, do you know if the $2,500 lease cash is still good, and are there any other lease incentives?

Add 2% to the 15K residuals for 12K miles per year.

Don't have any specific information on lease incentives.

gobadgers1

Hello,

Can I please have the MF/RV for:

2015 Jeep Grand Cherokee Altitude AWD

2015 Jeep Grand Cherokee Limited AWD

36 months / 12,000 miles per year and 36 months /15,000 miles per year (in NJ)
Also - is the no acquisition fee available nationally or only in select markets?

Thanks!

Michaell

gobadgers1 said:

Hello,

Can I please have the MF/RV for:

2015 Jeep Grand Cherokee Altitude AWD

2015 Jeep Grand Cherokee Limited AWD

36 months / 12,000 miles per year and 36 months /15,000 miles per year (in NJ)
Also - is the no acquisition fee available nationally or only in select markets?

Thanks!

36/15 numbers:

Altitude - .00032 and 49%
Limited - .00055 and 51%

Add 2% for 12K per year.

So far as we can tell, the $0 acquisition fee is national.

lawgirl06

Hi again. Can I please get June numbers for Limited and Overland 4x4 in Ohio - 36/12
Thanks!

Michaell

lawgirl06 said:

Hi again. Can I please get June numbers for Limited and Overland 4x4 in Ohio - 36/12
Thanks!

Limited - .00055 and 53%
Overland - .00039 and 52%

Acquisition fee waived this month.

mcoulter23

dumb question, when I'm trying to figure out dealers true invoice price for a 2015 grand cherokee lmted, does the 2500 cash allowance roll into the negoitated purchase price or do i account for that after?

Michaell

mcoulter23 said:

dumb question, when I'm trying to figure out dealers true invoice price for a 2015 grand cherokee lmted, does the 2500 cash allowance roll into the negoitated purchase price or do i account for that after?

You want to negotiate your best price first, then apply any available incentives.

mcoulter23

Michaell said:

dumb question, when I'm trying to figure out dealers true invoice price for a 2015 grand cherokee lmted, does the 2500 cash allowance roll into the negoitated purchase price or do i account for that after?

You want to negotiate your best price first, then apply any available incentives.


So a dealers sales price online shouldn't have that allowance built into it right?

Michaell

mcoulter23 said:

Michaell said:

mcoulter23 said:

dumb question, when I'm trying to figure out dealers true invoice price for a 2015 grand cherokee lmted, does the 2500 cash allowance roll into the negoitated purchase price or do i account for that after?

You want to negotiate your best price first, then apply any available incentives.


So a dealers sales price online shouldn't have that allowance built into it right?

That's a different question, and one only the dealer can answer. My guess is that the online price does include the lease cash, but contact them to confirm.

JefferTech

Is there a specific reason why a dealer would be using Ally and not Chysler Capital on a lease? Current lease is with CC and when my sales guy called with the initial numbers yesterday he mentioned Ally. Are there better incentives with Ally?

Any downside?

Michaell

jefcb01 said:

Is there a specific reason why a dealer would be using Ally and not Chysler Capital on a lease? Current lease is with CC and when my sales guy called with the initial numbers yesterday he mentioned Ally. Are there better incentives with Ally?

Any downside?

We don't have the Ally numbers to confirm, for starters. From what I've read here, the Ally numbers are usually higher in MF but have larger lease incentives to offset.

You'd have to run both sets of numbers to see which offers the better deal.

quadry99

Hi! Can I please get the Residual and Money Factor on a 2015 Summit 4x2 on a 36 month/12000 mile per year lease through CHrysler. I am in Texas

Michaell

quadry99 said:

Hi! Can I please get the Residual and Money Factor on a 2015 Summit 4x2 on a 36 month/12000 mile per year lease through CHrysler. I am in Texas

.00117 and 50%. Acquisition fee waived this month.

geminiram

Hello,

Can I get the MF & RV in CA for the following:

Altitude 4x2
Altitude 4x4
36/12k

I noticed that the MF has gone significantly higher in CA since Jan. When would be the best month to lease you think? Thanks in advance!

kyfdx

geminiram said:

Hello,

Can I get the MF & RV in CA for the following:

Altitude 4x2
Altitude 4x4
36/12k

I noticed that the MF has gone significantly higher in CA since Jan. When would be the best month to lease you think? Thanks in advance!

4X2: .00075 MF and 51% residual
4X4: .00032 MF and 51% residual
Acquisition fee waived this month.

Yes, the lease programs through Chrysler Capital definitely are not as good, as they've been earlier this calendar year. However, sometimes that is offset by larger rebates or lease cash. I don't have the incentive information to compare, though.

Picking the best time of year to lease is hard to do. There isn't a lot of historical data to back up any sort of trend spotting.

JefferTech

Can you verify the Chrysler Capital numbers for June on an Overland 4x2 36/15 in Texas?

verdugo

kyfdx said:

geminiram said:

Yes, the lease programs through Chrysler Capital definitely are not as good, as they've been earlier this calendar year. However, sometimes that is offset by larger rebates or lease cash. I don't have the incentive information to compare, though.

For my zip code in CA there's now a $2k lease rebate. When I got my lease back in February, the rebate was only $1k.

geminiram

Thanks for your reply. I got a quote on the following:

2015 Jeep Grand Cherokee Altitude 4 x 2
36 months lease @ $399 + tax = $ 435 including tax
12,000 miles per year
Residual: $ 19,803.44
Rate Factor: 0.00075%

Drive Off: $1,850 includes 1st month payment, 1st year License/Registration Fees, taxes on the rebates & Lease Acquisition Fee.

Is this a good deal and do you have to pay taxes on the rebates?

Michaell

jefcb01 said:

Can you verify the Chrysler Capital numbers for June on an Overland 4x2 36/15 in Texas?

.00065 and 49%. Acquisition fee waived this month.