2015 Jeep Grand Cherokee Lease Questions

sammy201

Michaell 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.

this is my deal...

Michaell

sammy201 said:

Michaell 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.

this is my deal...




If I'm reading this correctly, there are $1673.14 in fees and taxes, so $1826.86 is being applied to the cap cost. This takes your net cap cost to $35,923.14.

Now my calculated payment is $415.38/mo .. ask the dealer what the net cap cost is and how they got that number.

sippy2

hey all, I was given a quote from my deal for Chrysler Financial of MF .00077 with a $200 acquisition fee and $2,500 leasing bonus cash. This is different from the MF of .00035 I was given on this forum a few days ago. Do I challenge the dealer on the MF or is there more than one leasing offer through Chrysler? I'm in Minneapolis and this is for a Grand Cherokee Limited

Michaell

sippy2 said:

hey all, I was given a quote from my deal for Chrysler Financial of MF .00077 with a $200 acquisition fee and $2,500 leasing bonus cash. This is different from the MF of .00035 I was given on this forum a few days ago. Do I challenge the dealer on the MF or is there more than one leasing offer through Chrysler? I'm in Minneapolis and this is for a Grand Cherokee Limited

You politely but firmly explain to the dealer that you won't sign a contract with a marked up MF.

The maximum mark up allowed by Chrysler Finance is .00042 - do the math.

Reach out to another Jeep dealer - it only takes one to match your demands.

sippy2

Thanks Michaell! You're incredibly helpful. As for the acquisition fee, is that a mark-up too or is the $200 a must in order to use Chrysler Financial

Michaell

sippy2 said:

Thanks Michaell! You're incredibly helpful. As for the acquisition fee, is that a mark-up too or is the $200 a must in order to use Chrysler Financial

The acquisition fee is waived this month. Tell the dealer that, too

kyfdx

Michaell said:

sammy201 said:

Michaell 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.

this is my deal...




If I'm reading this correctly, there are $1673.14 in fees and taxes, so $1826.86 is being applied to the cap cost. This takes your net cap cost to $35,923.14.

Now my calculated payment is $415.38/mo .. ask the dealer what the net cap cost is and how they got that number.

Looks like he is paying ZERO upfront, right? Rebate is covering all upfront costs (including 1st payment), then the rest for CCR.

sammy201

yes that is the payment I got, $415 X 39.....what do you guys think? can I get better?

hanroc

Anybody able to provide the mf and residual for a 2015 Grand Cherokee Altitude 4x4 for 36/12 and 24/12 in NYC. Thanks in advance!

kyfdx

hanroc said:

Anybody able to provide the mf and residual for a 2015 Grand Cherokee Altitude 4x4 for 36/12 and 24/12 in NYC. Thanks in advance!

.00009 MF and 59% residual
.00013 MF and 50% residual

hanroc

Is the .00009 for 24 or 36 months?

Michaell

hanroc said:

Is the .00009 for 24 or 36 months?

24 months

sippy2

How would one go about finding the MF, RV and aquisition fees for U.S. Bank? 

kyfdx

sippy2 said:

How would one go about finding the MF, RV and aquisition fees for U.S. Bank? 

You can ask the dealer. The residual will be fixed by the bank. The other variables, you'll have to take their word for it.

hanroc

Is the acquisition fee for Chrysler Capital waived for all states including NYS.? and till when?

kyfdx

hanroc said:

Is the acquisition fee for Chrysler Capital waived for all states including NYS.? and till when?

We don't have all of the regional numbers. As far as we can tell, it is for all states.

The current program runs through August 31st.

sammy201

kyfdx said:

Michaell 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.

this is my deal...

If I'm reading this correctly, there are $1673.14 in fees and taxes, so $1826.86 is being applied to the cap cost. This takes your net cap cost to $35,923.14. Now my calculated payment is $415.38/mo .. ask the dealer what the net cap cost is and how they got that number.

Looks like he is paying ZERO upfront, right? Rebate is covering all upfront costs (including 1st payment), then the rest for CCR.

What's the payment for 12k miles on the same deal? 

Michaell

sammy201 said:

kyfdx said:

Michaell said:

sammy201 said:

Michaell 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.

this is my deal...

If I'm reading this correctly, there are $1673.14 in fees and taxes, so $1826.86 is being applied to the cap cost. This takes your net cap cost to $35,923.14.

Now my calculated payment is $415.38/mo .. ask the dealer what the net cap cost is and how they got that number.

Looks like he is paying ZERO upfront, right? Rebate is covering all upfront costs (including 1st payment), then the rest for CCR.

What's the payment for 12k miles on the same deal? 

12K residual is 1% lower than 10K residual, or $408.30 (1% of MSRP). Over 39 months, that's an extra $10.47/mo before tax.

movistar

Hi kyfdx,

I'm interested in getting a 2015 Jeep Grand Cherokee Altitude 4x4. I was wondering what would be the MF, residual on a 36 month/12k miles per year lease.

The MSRP for the one I like is $41,625 I have an offer over the phone for around $37,xxx which the dealer claims is $1500 below invoice. What is an great deal on this car at the moment?

Thanks in Advance!

CarChick82

I just wanted to share my deal with you all. GC Overland 4x4 with Harmon Kardon 19 speaker system and blind spot monitoring as options MSRP $48780 Cap Cost $40780 Tax $1503 - used tax credits avail (I'm in TX so that was a huge help) Adjusted Cap: $42283 U.S. bank at .00095 MF (lowest MF) 46% residual They had added on Tint, wheel locks, and some crystal glass option at $599 for all three They also cut me a check for $1200 for last payment on my Infiniti lease and to pay my disposition fee They made the first payment for me on the GC $0 out of pocket for down payment and for first payment. 42 months at $525

csnyder335i

Can anyone confirm the MF and residual for 36/12k for the following.
JGC 4x4 Summit
JGC 4x4 Overland

My numbers from forum and calling the dealer are:
Summit .00070 50%
Overland .00001 50% <--- this seems odd

Also is the bank fee waved this month?

Thanks!

hanroc

Just leased a 2015 Grand Cherokee Altitude 4x4 for $457/month with taxes. $0 due at signing.
39/10k
$40,830 msrp
$37,750 negotiated price ($1220 below invoice)
$40,521 cap cost
$3,000 rebates
$968 in tlr. doc and acquisition fees
$1803 in taxes(rolled into cap cost)
.00013 MF and 49% residual ($20,006)
Waiting for delivery. The lease is in NYS so they tax Everything(including rebates)
Is it good guys...?

kyfdx

CarChick82 said:

I just wanted to share my deal with you all.
GC Overland 4x4 with Harmon Kardon 19 speaker system and blind spot monitoring as options

MSRP $48780
Cap Cost $40780
Tax $1503 - used tax credits avail (I'm in TX so that was a huge help)
Adjusted Cap: $42283
U.S. bank at .00095 MF (lowest MF)
46% residual
They had added on Tint, wheel locks, and some crystal glass option at $599 for all three
They also cut me a check for $1200 for last payment on my Infiniti lease and to pay my disposition fee
They made the first payment for me on the GC
$0 out of pocket for down payment and for first payment.
42 months at $525

Congrats on the new Jeep!

kyfdx

csnyder335i said:

Can anyone confirm the MF and residual for 36/12k for the following.
JGC 4x4 Summit
JGC 4x4 Overland

My numbers from forum and calling the dealer are:
Summit .00070 50%
Overland .00001 50% <--- this seems odd

Also is the bank fee waved this month?

Thanks!</p>

Correct on all counts... yes, acq.fee waived this month.

sammy201

movistar said:

Hi kyfdx, I'm interested in getting a 2015 Jeep Grand Cherokee Altitude 4x4. I was wondering what would be the MF, residual on a 36 month/12k miles per year lease. The MSRP for the one I like is $41,625 I have an offer over the phone for around $37,xxx which the dealer claims is $1500 below invoice. What is an great deal on this car at the moment? Thanks in Advance!

Same deal I got. But lower monthly. If you want, I can't link you up with my guy and get you $415 month email me

shahzad.201@gmail.com

sammy201

hanroc said:

Just leased a 2015 Grand Cherokee Altitude 4x4 for $457/month with taxes. $0 due at signing.
39/10k
$40,830 msrp
$37,750 negotiated price ($1220 below invoice)
$40,521 cap cost
$3,000 rebates
$968 in tlr. doc and acquisition fees
$1803 in taxes(rolled into cap cost)
.00013 MF and 49% residual ($20,006)
Waiting for delivery. The lease is in NYS so they tax Everything(including rebates)
Is it good guys...?

I can get you $415 month lol

hanroc

sammy201 said:

hanroc said:

Just leased a 2015 Grand Cherokee Altitude 4x4 for $457/month with taxes. $0 due at signing.
39/10k
$40,830 msrp
$37,750 negotiated price ($1220 below invoice)
$40,521 cap cost
$3,000 rebates
$968 in tlr. doc and acquisition fees
$1803 in taxes(rolled into cap cost)
.00013 MF and 49% residual ($20,006)
Waiting for delivery. The lease is in NYS so they tax Everything(including rebates)
Is it good guys...?

I can get you $415 month lol

Just emailed u, I haven't sat with the finance manager cause I'm waiting for delivery. If u can get me a better deal lets get in contact

johnnyb34

Just got a lease at Jeep 4 west in Paramus NJ. 42,400. Jeep Grand Cherokee Limited with sunroof, nav, paid first month upfront and mv fees. around $800 down (that included the first month) 39 months 39k miles I am paying $399 per month. They found every incentive possible for me. I think it's a great deal and am extremely happy. I dealt with Abby L and Jose B. I believe it was $3100 below invoice

johnnyb34

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.

I asked them to beat this deal and they did. This vehicle had a tow hitch, I did not need it.

JefferTech

Can you provide the Jeep Limited 4x2 36/15 numbers? Looks like acq fee is wived this month...any other incentives?

Michaell

johnnyb34 said:

Just got a lease at Jeep 4 west in Paramus NJ. 42,400. Jeep Grand Cherokee Limited with sunroof, nav, paid first month upfront and mv fees. around $800 down (that included the first month) 39 months 39k miles I am paying $399 per month. They found every incentive possible for me. I think it's a great deal and am extremely happy. I dealt with Abby L and Jose B. I believe it was $3100 below invoice

Looks like a great deal - enjoy!

Michaell

jefcb01 said:

Can you provide the Jeep Limited 4x2 36/15 numbers? Looks like acq fee is wived this month...any other incentives?

.00048 and 49%

Yes, acquisition fee is waived this month - we don't see any other incentives.

nyisles91

Hey Michaell I see how helpful you are can you help me out?

I live in Long Island(NY) and got a quote on a grand cherokee altitude 4x4
Im not exactly sure how i see the MF or the Residual. The info i got on this quote is:
MSRP: $40830
Milesyear: $12000
Purchase Option: $23273
Total payment quoted was: $399 a month

The breakdown for amount due at signing says:
1st month payment: $404
fees and insurance $384.50
upfront taxes $12.50
cap reductions(cash) $1203
This "total inception fee" is the cash required on delivery

Also if this is relevant the total drive off was 7504 with a 5500 rebate as cap reduction leaving the $2004 that they require i pay on delivery.

Basically as a non expert with this stuff it looks like a good deal to me however im not sure if i have room for improvement in either payments per month to lower from the $399 total or the $2004 cash required on delivery.

This car im dying to get however its slightly out of my price range. However if this is a great deal or even if you believe there is wiggle room to get a better monthly rate or lower the cash required on delivery, i could splurge a bit and get this great car

nyisles91

I left out that it is a 36 month lease

kyfdx

nyisles91 said:

I left out that it is a 36 month lease

So.. it's $2000 due at signing and $399/mo.? Including tax?

What is the lease term and mileage allowance?

nyisles91

I believe it is 399 including tax im not 100% to be honest i need to find out and the term lease is 36 months 12,000 miles at .20 a mile per extra

bill11783

Looking to lease a base Jeep Grand Cherokee on Long Island (NY). Need 10k per yr., 36 mo. lease since I average about 9.5k per year. I was told that the overage is $0.25 per miles high seems standard. Also was informed that the difference between the 7.5k lease rate and the 10k rate is $52 per month. That comes out to $0.25 per mile. Is it always the same? If so, why would anyone pay for the higher mileage plan (10k in this case) rather than pay the overage at lease end?

bill11783

Also, are factory incentives/rebates taxed? Seems dealer is adding a $300 lease filing fee as well. Are these standard?
Thanks,
Bill

Michaell

bill11783 said:

Looking to lease a base Jeep Grand Cherokee on Long Island (NY). Need 10k per yr., 36 mo. lease since I average about 9.5k per year. I was told that the overage is $0.25 per miles high seems standard. Also was informed that the difference between the 7.5k lease rate and the 10k rate is $52 per month. That comes out to $0.25 per mile. Is it always the same? If so, why would anyone pay for the higher mileage plan (10k in this case) rather than pay the overage at lease end?

What trim level would you consider "base"?

If available, the 7.5k residual would be 1% higher than 10k. On a car that stickers at $40k, that's $400, or about $11/mo for 36 months.

We would need to see all the numbers to understand what the dealers claim is about.

Michaell

bill11783 said:

Also, are factory incentives/rebates taxed? Seems dealer is adding a $300 lease filing fee as well. Are these standard?
Thanks,
Bill

Yes they are taxed.

bill11783

I had a feeling I was getting hosed. Can you compute a payment based on the following? Need to keep them honest.

JC Limited 4x4...MSRP of $41,205
Selling price of $36,455 (MSRP less rebate as cap reduction of $4,750)
Purchase option: $23,986.85
36 months, 7.5k miles per year
Payment: $319

Total inception fees: $3,229.30 (1st mo. Pmt $319, acquisition Fee $995,filing fee $299.50,other nys fees $97.50, upfront taxes $990.49 , taxes on rebates and acq. Fee $527.81)....$89.70 per mo by taking the $3.2k divided by lease term.

I compute a payment of $408.70.

Dealer told me I would be at $460 per mo. With a 36/10k lease. ($0.25 per mile x 2.5k=$625 div by 12 mo. = $52).

This seems way too high to me. Not sure they computed it right.

Please provide me with the residual% and mf for a 36/7.5k & 36/10k
MSRP of
Thank you.

Michaell

bill11783 said:

I had a feeling I was getting hosed. Can you compute a payment based on the following? Need to keep them honest.

JC Limited 4x4...MSRP of $41,205
Selling price of $36,455 (MSRP less rebate as cap reduction of $4,750)
Purchase option: $23,986.85
36 months, 7.5k miles per year
Payment: $319

Total inception fees: $3,229.30 (1st mo. Pmt $319, acquisition Fee $995,filing fee $299.50,other nys fees $97.50, upfront taxes $990.49 , taxes on rebates and acq. Fee $527.81)....$89.70 per mo by taking the $3.2k divided by lease term.

I compute a payment of $408.70.

Dealer told me I would be at $460 per mo. With a 36/10k lease. ($0.25 per mile x 2.5k=$625 div by 12 mo. = $52).

This seems way too high to me. Not sure they computed it right.

Please provide me with the residual% and mf for a 36/7.5k & 36/10k
MSRP of
Thank you.

.0035 and 53% for 36/10. Add 1% for 7.5k.

This is probably not a Chrysler lease as there is no acq fee this month fro Chrysler.

You should be able to negotiate a selling price below sticker before the rebates are applied.

bobrad1

johnnyb34 said:

Just got a lease at Jeep 4 west in Paramus NJ. 42,400. Jeep Grand Cherokee Limited with sunroof, nav, paid first month upfront and mv fees. around $800 down (that included the first month) 39 months 39k miles I am paying $399 per month. They found every incentive possible for me. I think it's a great deal and am extremely happy. I dealt with Abby L and Jose B. I believe it was $3100 below invoice

Was that a 4x4?

tfmia

Will the money factor and residual change in September?

kyfdx

tfmia said:

Will the money factor and residual change in September?

They might.. or, they might not.

What model, term and mileage?

mpalmeri12

Is the September Money Factor/Residual out yet for JGC Limited. 39/12?

bill11783

Can you provide the residual and MF for a 2015 GC limited 4x4? 39/10k. Thanks

hanroc

MF and residual for Grand Cherokee altitude 4x4 for 36/12 and 39/10. And also is acquisition fee still waived this month? Thanks.

JefferTech

Didn't get a deal done in August so can you provide the Jeep Limited 4x2 36/15 numbers for September? Thanks!

kyfdx

mpalmeri12 said:

Is the September Money Factor/Residual out yet for JGC Limited. 39/12?

AWD? .00033 MF and 49% residual