2015 Jeep Grand Cherokee Lease Questions

mchaos6

MSRP is 43995. 

Not sure what else is going into net cap but i can find out. I am turning in a 2013 a few months early. 

njmark

Just locked down a lease on a 2015 Grand Cherokee Limited today in NJ. 36 months, 12k miles per year. This included the tow package, sunroof, and 8.4 inch Uconnect with NAV. MSRP was $43,195 I believe.

$0 down, all taxes, dealer fees, and MV fees rolled into the payment. $409/month. Paid first month and walked out the door. Felt really good about that number. One of the lowest I've seen since browsing this forum.

bagel5

njmark said:

Just locked down a lease on a 2015 Grand Cherokee Limited today in NJ. 36 months, 12k miles per year. This included the tow package, sunroof, and 8.4 inch Uconnect with NAV. MSRP was $43,195 I believe.

$0 down, all taxes, dealer fees, and MV fees rolled into the payment. $409/month. Paid first month and walked out the door. Felt really good about that number. One of the lowest I've seen since browsing this forum.

That seems like a really great deal. Congrats on your new Jeep!!

slacker80

Hi, few questions on a Jeep on a Grand Cherokee Overland Diesel lease. I was at the dealership this afternoon and left because we could not come to an agreement on the numbers.

Here's the breakdown:

MSRP $54,880
Negotiated price $47,130 ($7750 off incl. rebates)
Neg, Equity $3,000
Residual 56% ($30,733)
Interest 6.8% (this the part that's bothering me)
Payment $880 incl 6% tax for 39/10

I immediately questioned the interest rate and asked about the MF. I was told this is a better deal and I would lose my rebates??? I told them their math does not add up to my math if we use the published MF and we should be in the mid 6's OTD. They came back with $920/month using the MF. I honestly got sick of going back and forth with them asking to explain the number, and they couldn't so I left.

Can someone please validate the numbers on a Overland Diesel?

kyfdx

slacker80 said:

Hi, few questions on a Jeep on a Grand Cherokee Overland Diesel lease. I was at the dealership this afternoon and left because we could not come to an agreement on the numbers.

Here's the breakdown:

MSRP $54,880
Negotiated price $47,130 ($7750 off incl. rebates)
Neg, Equity $3,000
Residual 56% ($30,733)
Interest 6.8% (this the part that's bothering me)
Payment $880 incl 6% tax for 39/10

I immediately questioned the interest rate and asked about the MF. I was told this is a better deal and I would lose my rebates??? I told them their math does not add up to my math if we use the published MF and we should be in the mid 6's OTD. They came back with $920/month using the MF. I honestly got sick of going back and forth with them asking to explain the number, and they couldn't so I left.

Can someone please validate the numbers on a Overland Diesel?

The rebates are so high, because they are using another bank (Ally or USBank, most likely).
You lose that big IDL rebate if you go with Chrysler Capital

froggie12

Hi,

I am looking to lease a 2015 GC Limited in California, what is the MF and Residual on a 3 year/12k lease?

Thanks!

kyfdx

froggie12 said:

Hi,

I am looking to lease a 2015 GC Limited in California, what is the MF and Residual on a 3 year/12k lease?

Thanks!

4X4? .00035 MF and 52% residual

lime679

I said I would come back to share my deal and here we are.

2015 Grand Cherokee Overland 4x2 V6 (with tech package which is awesome)
MSRP $47,380
Selling price $39,260.

36 months 15K miles a year $640

Michaell

lime679 said:

I said I would come back to share my deal and here we are.

2015 Grand Cherokee Overland 4x2 V6 (with tech package which is awesome)
MSRP $47,380
Selling price $39,260.

36 months 15K miles a year $640

Congrats! Thanks for letting us know your final numbers - and enjoy your new Jeep!

geminiram

nfimbrez said:

So I left the dealership, they had a markup for 4,000 and the best deal he gave me with incentive was 41,625 negotiating back and forth, They did not want to lose a dime. 39 MO 12k miles. Was 585+tax, They were so shady and did not help at all the finance guys were telling me basically they are gonna sell it full price with markup and no less. This is San Jose,CA area 

Wow that is a horrible deal! Walk away fast! At that price, you can get the new trim called the High Altitude which is based off of the Overland + Altitude package and more.

Altitude is limited volume and high demand. Perhaps people in San Jose are willing to buy it at that price. I would certainly shop around more and drive father to get a better deal. Last time I checked, Huntington Beach Jeep, CA had 16 Altitude models. Good Luck!

lendy

njmark said:

Just locked down a lease on a 2015 Grand Cherokee Limited today in NJ. 36 months, 12k miles per year. This included the tow package, sunroof, and 8.4 inch Uconnect with NAV. MSRP was $43,195 I believe.

$0 down, all taxes, dealer fees, and MV fees rolled into the payment. $409/month. Paid first month and walked out the door. Felt really good about that number. One of the lowest I've seen since browsing this forum.

Where did you get it? I'll call them today!
Did you happen to note the Residual % and MF?

lendy

What is the current MF and Residual in NJ for Limited Diesel and Overland Diesel? 36/12K

kyfdx

lendy said:

What is the current MF and Residual in NJ for Limited Diesel and Overland Diesel? 36/12K

Limited: .00035 MF and 54% residual
Overland: .00001 MF and 52% residual

Assuming 4X4.

acepkt

Can you please help me confirm the MF and Residual for 2015 JGC Overland w/ High Altitude Package 4x4 w/ 3.6 pentastar V6,for 24 months both 12 and 15k per year

Thanks in advance!

Michaell

acepkt said:

Can you please help me confirm the MF and Residual for 2015 JGC Overland w/ High Altitude Package 4x4 w/ 3.6 pentastar V6,for 24 months both 12 and 15k per year

Thanks in advance!

24/15 - .00023 and 60%. Add 1% for 12K

acepkt

Is a termination fee and a disposition fee both standard for leases through Chrysler? Can they be waived or are they negotiable?

hollywood53

Can someone please share GC limited Long Island 36 mos MF and residual for 12 and 15 k

hollywood53

Termination and /or Dispo fee"s are usually waived only if you lease another vehicle from same manufacturer

hollywood53

To make that a little clearer Ex If first car was with Chrysler Financial but the second goes thru a bank or credit union it is not waived and if the first was thru bank or credit union the dispo is never waived even if you lease another car thru them

kyfdx

acepkt said:

Is a termination fee and a disposition fee both standard for leases through Chrysler? Can they be waived or are they negotiable?

Termination and disposition fee are the same thing, I think. Most captive banks waive them if you lease another car of the same make. But, otherwise, not negotiable.

kyfdx

hollywood53 said:

Can someone please share GC limited Long Island 36 mos MF and residual for 12 and 15 k

.00035 MF and 52%/50% residual. Assuming 4X4

dito11735

Hi, looking for RV and MF for JGC Altitude 4x4 for 39/12K and 39/15K in Long Island,NY
Thank you.

pants18

Hey guys - can anyone help with residual and MF on a 2015 JGC Limited for 36 and 39 months at 10k/year?

kyfdx

dito11735 said:

Hi, looking for RV and MF for JGC Altitude 4x4 for 39/12K and 39/15K in Long Island,NY
Thank you.

.00013 MF and 48%/46% residual

kyfdx

pants18 said:

Hey guys - can anyone help with residual and MF on a 2015 JGC Limited for 36 and 39 months at 10k/year?

.00035 MF and 53%/51% residual

hollywood53

On 2015 GC limited 4x4 is there any cash incentives if not leasing and or financing offers the are combinable?

dito11735

Sorry to be a pest but I forgot. Thank you.RV and MF for JGC Altitude 4x4 for 36/12K and 36/15K in Long Island,NY
Thank you.

hollywood53

dito11735 said:

Sorry to be a pest but I forgot. Thank you.RV and MF for JGC Altitude 4x4 for 36/12K and 36/15K in Long Island,NY
Thank you.

I am aassuming by your name you are on nassau suffolk border, if you are ready we an do a group purchase, I am going to East Hills cause of the reputation for service, not close to me cause I am in Dix Hills

Michaell

hollywood53 said:

On 2015 GC limited 4x4 is there any cash incentives if not leasing and or financing offers the are combinable?

we don't have any incentive information.

Michaell

dito11735 said:

Sorry to be a pest but I forgot. Thank you.RV and MF for JGC Altitude 4x4 for 36/12K and 36/15K in Long Island,NY
Thank you.

36/15 numbers - .00013 and 48%. Add 2% for 12K

nfimbrez

Hey guys, went ahead to another dealership and here are the particulars of the deal. I am in California and it is a 4x4 Grand Cherokee Altitude with Sunroof Option on it.

MSRP $39,890
Agreed Upon Selling Price = 37,000
Fees which include acquisition fee of 595,along with 354 tax, 370 TLR, and than Processing Charge= $1,429.13
Cap Cost Reduction = 4050 ( $4500 but Supposedly used 450 of it for a refundable security deposit)
ADJ. Cap Cost= 34,379.13
Residual of 19,945
MF= .00013

Monthly Payments of 443.17 for 36 months 12,000 Miles.


Guys please let me know if this is a good deal. It is definitely one of the better deals I have received as of late but I did not like the finance guy very much he didn't explain much of anything to me.

They are also going to charge me a disposition fee of $395 when I return the vehicle at the end of the lease which was also kind of BS. along with that acquisition fee and security deposit I did not do. Also a purchase option fee of $350 they just tacked on fee after fee everywhere and did not negotiate any of the fees what so ever.

Forgot to mention.

The 4500 Cap cost reduction breaks down to

$2500 bonus cash for lease, $1000 competition lease, than $1000 cash down.

kyfdx

nfimbrez said:

Hey guys, went ahead to another dealership and here are the particulars of the deal. I am in California and it is a 4x4 Grand Cherokee Altitude with Sunroof Option on it.

MSRP $39,890
Agreed Upon Selling Price = 37,000
Fees which include acquisition fee of 595,along with 354 tax, 370 TLR, and than Processing Charge= $1,429.13
Cap Cost Reduction = 4050 ( $4500 but Supposedly used 450 of it for a refundable security deposit)
ADJ. Cap Cost= 34,379.13
Residual of 19,945
MF= .00013

Monthly Payments of 443.17 for 36 months 12,000 Miles.


Guys please let me know if this is a good deal. It is definitely one of the better deals I have received as of late but I did not like the finance guy very much he didn't explain much of anything to me.

They are also going to charge me a disposition fee of $395 when I return the vehicle at the end of the lease which was also kind of BS. along with that acquisition fee and security deposit I did not do. Also a purchase option fee of $350 they just tacked on fee after fee everywhere and did not negotiate any of the fees what so ever.

Forgot to mention.

The 4500 Cap cost reduction breaks down to

$2500 bonus cash for lease, $1000 competition lease, than $1000 cash down.

Disposition fee and purchase option fee are at lease end, and set by the bank. No way around that.

So, your out of pocket is $1000? The rest is covered by rebates?
Seems decent. Plus the security deposit is refunded at lease end.

colonelesq

What are the current MF and RV numbers on a 2015 Overland 4x2 for 36/12? Tx

kyfdx

colonelesq said:

What are the current MF and RV numbers on a 2015 Overland 4x2 for 36/12? Tx

.00045 MF and 50% residual

nfimbrez

kyfdx said:

nfimbrez said:

Hey guys, went ahead to another dealership and here are the particulars of the deal. I am in California and it is a 4x4 Grand Cherokee Altitude with Sunroof Option on it.

MSRP $39,890
Agreed Upon Selling Price = 37,000
Fees which include acquisition fee of 595,along with 354 tax, 370 TLR, and than Processing Charge= $1,429.13
Cap Cost Reduction = 4050 ( $4500 but Supposedly used 450 of it for a refundable security deposit)
ADJ. Cap Cost= 34,379.13
Residual of 19,945
MF= .00013

Monthly Payments of 443.17 for 36 months 12,000 Miles.


Guys please let me know if this is a good deal. It is definitely one of the better deals I have received as of late but I did not like the finance guy very much he didn't explain much of anything to me.

They are also going to charge me a disposition fee of $395 when I return the vehicle at the end of the lease which was also kind of BS. along with that acquisition fee and security deposit I did not do. Also a purchase option fee of $350 they just tacked on fee after fee everywhere and did not negotiate any of the fees what so ever.

Forgot to mention.

The 4500 Cap cost reduction breaks down to

$2500 bonus cash for lease, $1000 competition lease, than $1000 cash down.

Disposition fee and purchase option fee are at lease end, and set by the bank. No way around that.

So, your out of pocket is $1000? The rest is covered by rebates?
Seems decent. Plus the security deposit is refunded at lease end.

Corrrect my out of pocket expense is only $1,000. I just became a bit unsure of the payment if I am truly getting a good deal. Called another dealership earlier for the same car they offered me 497 with $1000 down so that made me happy. Let me know what you guys think

nfimbrez

kyfdx said:

Hey guys, went ahead to another dealership and here are the particulars of the deal. I am in California and it is a 4x4 Grand Cherokee Altitude with Sunroof Option on it. MSRP $39,890 Agreed Upon Selling Price = 37,000 Fees which include acquisition fee of 595,along with 354 tax, 370 TLR, and than Processing Charge= $1,429.13 Cap Cost Reduction = 4050 ( $4500 but Supposedly used 450 of it for a refundable security deposit) ADJ. Cap Cost= 34,379.13 Residual of 19,945 MF= .00013 Monthly Payments of 443.17 for 36 months 12,000 Miles. Guys please let me know if this is a good deal. It is definitely one of the better deals I have received as of late but I did not like the finance guy very much he didn't explain much of anything to me. They are also going to charge me a disposition fee of $395 when I return the vehicle at the end of the lease which was also kind of BS. along with that acquisition fee and security deposit I did not do. Also a purchase option fee of $350 they just tacked on fee after fee everywhere and did not negotiate any of the fees what so ever. Forgot to mention. The 4500 Cap cost reduction breaks down to $2500 bonus cash for lease, $1000 competition lease, than $1000 cash down.

Disposition fee and purchase option fee are at lease end, and set by the bank. No way around that. So, your out of pocket is $1000? The rest is covered by rebates? Seems decent. Plus the security deposit is refunded at lease end.

Correct Only $1,000 out of pocket. I am just having second thoughts because I feel like I should have gotten a better deal on this car. I was offered 462 including tax on the MSRP of 41,625 from a different dealership but they sold the car in the time I was on vacation. Although I am happy going through all of the other Altitude deals on this forum it doesn't seem like the best deal.

cp11

What are Chrysler lease rates and incentives (Indiana) for JGC Overland and Limited 4x4 36mo/12k?

Michaell

cp11 said:

What are Chrysler lease rates and incentives (Indiana) for JGC Overland and Limited 4x4 36mo/12k?

Limited - .00035 and 52%

Overland - .00001 and 50%

sippy2

HI! I'm looking to lease a Grand Cherokee Limited (4x4). I'm in the Minneapolis/St. Paul area. I'm looking for a 36/12 lease. Curious as to what to expect for MF and RV. Also, any tips on how to best negotiate on selling price?

Michaell

sippy2 said:

HI! I'm looking to lease a Grand Cherokee Limited (4x4). I'm in the Minneapolis/St. Paul area. I'm looking for a 36/12 lease. Curious as to what to expect for MF and RV. Also, any tips on how to best negotiate on selling price?

Limited - .00035 and 52%

Negotiate just like you would for a purchase. Use the pricing tools at the top of the page - make / model / year - to help set your price targets.

cp11

Michaell said:

cp11 said:

What are Chrysler lease rates and incentives (Indiana) for JGC Overland and Limited 4x4 36mo/12k?

Limited - .00035 and 52%

Overland - .00001 and 50%

Thank you for numbers. Just confirming the MF on Overland is that low and there wasn't an extra 0 (eg. .00001 not .0001). The numbers I am still getting from the dealer are b/w .00035 and .0001 based on my calculations. He hasn't shared the MF yet despite my request.

Michaell

cp11 said:

Michaell said:

cp11 said:

What are Chrysler lease rates and incentives (Indiana) for JGC Overland and Limited 4x4 36mo/12k?

Limited - .00035 and 52%

Overland - .00001 and 50%

Thank you for numbers. Just confirming the MF on Overland is that low and there wasn't an extra 0 (eg. .00001 not .0001). The numbers I am still getting from the dealer are b/w .00035 and .0001 based on my calculations. He hasn't shared the MF yet despite my request.

Four zeros is correct (.00001) - dealer can mark up the MF on you for extra profit, which may be why they're hesitant to share with you.

jeep1235

Looking at a Jeep Grand Cherokee Limited as well as an Altitude. 36months/10k miles lease in New Jersey. What would be the MF and RV? Thanks for the help!!

CarChick82

Looking for MF and Residual for Overland 4x4 in Texas for 36/12 and 42/12

kyfdx

jeep1235 said:

Looking at a Jeep Grand Cherokee Limited as well as an Altitude. 36months/10k miles lease in New Jersey. What would be the MF and RV? Thanks for the help!!

Assuming 4X4

Limited: .00035 MF and 53% residual
Altitude: .00013 MF and 51% residual

kyfdx

CarChick82 said:

Looking for MF and Residual for Overland 4x4 in Texas for 36/12 and 42/12

.00001 MF and 50% residual

39/12: .00001 MF and 48% residual

You lose the low money factor if you go up to 42 months... you don't want to do that.

sippy2

Follow up to my RV and MF question. I'm being flashed a dealer invoice which shows invoice cost of 43.9k on a msrp of 45.8. This doesn't seem right with such a small margin. Should I assume this isn't the entire story and there are dealer incentives at play which will greatly reduce the dealer cost?

also, any advice on inventory age? In other words when will a dealer begin to get antsy with aged inventory in the lot? Is it 2 months, 6 months?

Michaell

sippy2 said:

Follow up to my RV and MF question. I'm being flashed a dealer invoice which shows invoice cost of 43.9k on a msrp of 45.8. This doesn't seem right with such a small margin. Should I assume this isn't the entire story and there are dealer incentives at play which will greatly reduce the dealer cost?

also, any advice on inventory age? In other words when will a dealer begin to get antsy with aged inventory in the lot? Is it 2 months, 6 months?

Use the pricing tools at the top of the page - make / model / year - to get invoice prices from Edmunds.

No idea how inventory age affects selling prices...

sammy201

hi everyone! from North NJ here and looking to lease a 2015 JGC Altitude 4x4...this is what I was quoted:

MSRP $40,830
selling price: $37,750
39 months
10k
.49 Residual
.00013 Money Factor
$3500 rebates
$0 out of pocket

$436 month

seems legit but not the greatest deal...anyone know of any dealership who can offer better? looking to do this by end of August. thanks!

Michaell

sammy201 said:

hi everyone! from North NJ here and looking to lease a 2015 JGC Altitude 4x4...this is what I was quoted:

MSRP $40,830
selling price: $37,750
39 months
10k
.49 Residual
.00013 Money Factor
$3500 rebates
$0 out of pocket

$436 month

seems legit but not the greatest deal...anyone know of any dealership who can offer better? looking to do this by end of August. thanks!

Using your numbers, I get a payment of $462.46/mo before tax. Do you know how much of the rebate is being used to address your up front costs (bank fee, dealer fee, taxes, etc.)?

The low residual is what's hurting you here.