2015 Jeep Grand Cherokee Lease Questions

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  • easyrider17easyrider17 Member Posts: 5
    Hi, I'm in SF Bay Area. Looking for best lease program for JGC 4x4 either limited or overland level package. Can you provide current rates for October and special incentives? Thanks.
  • kyfdxkyfdx Moderator Posts: 267,190

    Hi, I'm in SF Bay Area. Looking for best lease program for JGC 4x4 either limited or overland level package. Can you provide current rates for October and special incentives? Thanks.

    36/15

    Limited: .00052 MF and 49% residual
    Overland: .00017 MF and 47% residual
    Acquisition fee waived.

    There are probably other incentives, but we don't have the information.

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  • easyrider17easyrider17 Member Posts: 5
    thanks. What if mileage is reduced to 10k? per year?
  • MichaellMichaell Moderator Posts: 263,385
    thanks. What if mileage is reduced to 10k? per year?
    Add 3% to the residual. 

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  • easyrider17easyrider17 Member Posts: 5
    Thank you, much appreciated.
  • glgeddesglgeddes Member Posts: 12
    Hello, I'm interested in Grand Cherokee MF and residual for Laredo 4x2 @ 36m/10k. Thanks for the help!
  • kyfdxkyfdx Moderator Posts: 267,190
    glgeddes said:

    Hello, I'm interested in Grand Cherokee MF and residual for Laredo 4x2 @ 36m/10k. Thanks for the help!

    .00037 MF and 49% residual. Acquisition fee waived.

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  • ceddy44ceddy44 Member Posts: 1
    Just offered the following deal in New York $501/month, 39 months/15K miles per year. Total out of pocket $3100 

    2015 Jeep Grand Cherokee Laredo with altitude package, 
    MSRP 40,830 
    Agreed on selling price $36,850 (including 2500 in rebates/incentives)
    MF .00013
    Residual: 47%
    Dealer is telling me jeep is 2% below invoice for selling price and that they are all in. 
    Does the math work and how good is this deal?
  • kyfdxkyfdx Moderator Posts: 267,190
    ceddy44 said:

    Just offered the following deal in New York $501/month, 39 months/15K miles per year. Total out of pocket $3100 

    2015 Jeep Grand Cherokee Laredo with altitude package, 
    MSRP 40,830 
    Agreed on selling price $36,850 (including 2500 in rebates/incentives)
    MF .00013
    Residual: 47%
    Dealer is telling me jeep is 2% below invoice for selling price and that they are all in. 
    Does the math work and how good is this deal?

    Those numbers give me $460/mo.

    Considering the $3100 upfront, $501 seems a little steep.

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  • spaceboy1111spaceboy1111 Member Posts: 11
    I am looking for the following information about a 2015 Jeep GC Overland 4x2 V6 Model...

    MF
    Residual
    Houston, TX

    Thanks!!
  • MichaellMichaell Moderator Posts: 263,385

    I am looking for the following information about a 2015 Jeep GC Overland 4x2 V6 Model...

    MF
    Residual
    Houston, TX

    Thanks!!

    Lease term? Miles per year?

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  • spaceboy1111spaceboy1111 Member Posts: 11
    Michaell said:

    I am looking for the following information about a 2015 Jeep GC Overland 4x2 V6 Model...

    MF
    Residual
    Houston, TX

    Thanks!!

    Lease term? Miles per year?
    36 months, 12k/year

    Thank you!
  • spaceboy1111spaceboy1111 Member Posts: 11
    edited October 2015
    Deal I was quoted:

    2015 Grand Cherokee Overland
    36mo lease
    12k miles per year
    MF: .063
    Residual:49%
    MSRP:$44535
    Sale price: $38,000

    Monthy Payment with Texas tax: $596

    Seems very high, can someone check this for me? The money factor is obviously wrong, I feel like nobody at dealers really knows anything about selling a lease.
  • kyfdxkyfdx Moderator Posts: 267,190

    Michaell said:

    I am looking for the following information about a 2015 Jeep GC Overland 4x2 V6 Model...

    MF
    Residual
    Houston, TX

    Thanks!!

    Lease term? Miles per year?
    36 months, 12k/year

    Thank you!
    .00063 MF and 49% residual.

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  • kyfdxkyfdx Moderator Posts: 267,190

    Deal I was quoted:

    2015 Grand Cherokee Overland
    36mo lease
    12k miles per year
    MF: .063
    Residual:49%
    MSRP:$44535
    Sale price: $38,000

    Monthy Payment with Texas tax: $596

    Seems very high, can someone check this for me? The money factor is obviously wrong, I feel like nobody at dealers really knows anything about selling a lease.

    Add two zeroes to the MF

    I get $487/mo.+tax.. But, Texas taxes the full selling price on a lease. Adding $2400 in taxes gets me to $555/mo. Still $40/mo. off. Ask the dealer for the Net Cap Cost, and see how that differs from the selling price. The residuals are pretty low, which doesn't help the payment.

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  • spaceboy1111spaceboy1111 Member Posts: 11
    Thanks for the help guys. Waiting for dealer to share the net cap cost now
  • spaceboy1111spaceboy1111 Member Posts: 11
    Another dealer just told me the residual is 55% on a 36/12 Overland. lol
  • audieddyaudieddy Member Posts: 53
    edited October 2015
    KYFDX,

    Looking at leasing a JGC Overland for 36m/15k a year in the Boston area. Can you provide the residual % and money factor? Probably a V8 if that matters. I see different numbers for the money factor and residuals above, not sure if that is due to geography or different lease companies (Ally vs Chrysler?). I just priced a loaded Jeep through USAA service and seeing almost 8k off MSRP (including a lease conquest rebate of 1k).

    As always thanks for your help with the numbers.
  • kyfdxkyfdx Moderator Posts: 267,190

    Another dealer just told me the residual is 55% on a 36/12 Overland. lol

    Not with a Chrysler Capital lease. Maybe, using another bank.

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  • kyfdxkyfdx Moderator Posts: 267,190
    audieddy said:

    KYFDX,

    Looking at leasing a JGC Overland for 36m/15k a year in the Boston area. Can you provide the residual % and money factor? Probably a V8 if that matters. I see different numbers for the money factor and residuals above, not sure if that is due to geography or different lease companies (Ally vs Chrysler?). I just priced a loaded Jeep through USAA service and seeing almost 8k off MSRP (including a lease conquest rebate of 1k).

    As always thanks for your help with the numbers.

    .00017 MF and 47% residual.

    Different numbers from different banks. We only have Chrysler Capital numbers.

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  • ilovesprintilovesprint Member Posts: 35
    Hello, looking for the MF & Residual in Chicago Burbs for a 36/12,000 Lease for a Jeep Grand Cherokee Limited 4x4

    I have been told MF.00094 & residual was 51%

    Does that check out?
  • kyfdxkyfdx Moderator Posts: 267,190

    Hello, looking for the MF & Residual in Chicago Burbs for a 36/12,000 Lease for a Jeep Grand Cherokee Limited 4x4

    I have been told MF.00094 & residual was 51%

    Does that check out?

    .00052 MF and 51% residual

    Maximum money factor markup is .00042. Coincidence? ;)

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  • spaceboy1111spaceboy1111 Member Posts: 11
    Can someone check this lease I was offered out? In Houston Texas, 2015 Overland 4x2 V6

    MSRP: $44,985
    Sales Price: $35,901
    36months, 12,000 miles a year
    Zero Down, just first payment due at signing
    Monthly Payment: $559.96/month

    He didnt give me the MF, I assume he is using base .00063. I assume the RV is 49%

    I ran the numbers and get a much lower payment.

    Any help appreciated!
  • kyfdxkyfdx Moderator Posts: 267,190

    Can someone check this lease I was offered out? In Houston Texas, 2015 Overland 4x2 V6

    MSRP: $44,985
    Sales Price: $35,901
    36months, 12,000 miles a year
    Zero Down, just first payment due at signing
    Monthly Payment: $559.96/month

    He didnt give me the MF, I assume he is using base .00063. I assume the RV is 49%

    I ran the numbers and get a much lower payment.

    Any help appreciated!

    If the discount from MSRP is $9000, then it's likely they are using an independent bank, which qualifies you for a big rebate. If that's the case, then the numbers won't be the same as Chrysler Capital. You should ask them.

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  • deevedeeve Member Posts: 119
    Could I please get the MF and Residual Value on a 2015 Grand Cherokee High Altitude 3.6 on a 12k &15k yr 36 month lease in Oregon. Thanks!
    DAVE
  • kyfdxkyfdx Moderator Posts: 267,190
    deeve said:

    Could I please get the MF and Residual Value on a 2015 Grand Cherokee High Altitude 3.6 on a 12k &15k yr 36 month lease in Oregon. Thanks!
    DAVE

    4X4?

    .00017 MF and 49%/47% residual

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  • deevedeeve Member Posts: 119
    Yes 4x4. thanks!
  • rcb1144rcb1144 Member Posts: 20
    edited October 2015
    Hello, do you happen to have the residuals and MFs for Jeep Grand Cherokee Altitudes? Both 4x4 and 4x2, 36/10k. Thank you very much!
  • MichaellMichaell Moderator Posts: 263,385
    rcb1144 said:

    Hello, do you happen to have the residuals and MFs for Jeep Grand Cherokee Altitudes? Both 4x4 and 4x2, 36/10k. Thank you very much!

    2015 JGC Altitude 36/10

    4x2 - .00037 and 49%
    4x4 - .00013 and 50%

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  • ilovesprintilovesprint Member Posts: 35
    Was just offered this lease deal in the Chicagoland

    36/12,000

    Overland 4X4
    MSRP $49,585
    Sell Price $47,569 (4.07% off MSRP)
    Lease Cash $2,500
    $1,883 Taxes rolled into payment

    RV $24,296 49%
    MF .00017

    646.84 per month


    This seems high given only 4% off MSRP - thoughts
  • MichaellMichaell Moderator Posts: 263,385

    Was just offered this lease deal in the Chicagoland

    36/12,000

    Overland 4X4
    MSRP $49,585
    Sell Price $47,569 (4.07% off MSRP)
    Lease Cash $2,500
    $1,883 Taxes rolled into payment

    RV $24,296 49%
    MF .00017

    646.84 per month


    This seems high given only 4% off MSRP - thoughts

    I get $589/mo without tax, so your quote seems pretty close.

    Can't hurt to ask for more of a discount from sticker, but I also suspect inventory is getting thin, so dealers may feel that the best of the deals are in the rear-view mirror.

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  • ilovesprintilovesprint Member Posts: 35
    edited October 2015
    Michaell - does Chrysler Capital do 2 year leases? I now have a better offer than above, but would really prefer to commit to 24 months & 12,000 per year

    If so, do you know RV & MF for Jeep Overland?
  • MichaellMichaell Moderator Posts: 263,385

    Michaell - does Chrysler Capital do 2 year leases? I now have a better offer than above, but would really prefer to commit to 24 months & 12,000 per year

    If so, do you know RV & MF for Jeep Overland?

    .00014 and 59% for 24/12 on the 2015 Overland 4x4

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  • cdd543cdd543 Member Posts: 3
    edited October 2015
    Hi all,
    Can I get MF and residual for 2015 4x4 JGC Limited and Altitude for Denver, CO 12/36? Just for clarification, residuals are set by Chrysler, but the MF is based on credit or could be marked up at the dealer discretion? Is that correct or is it set based on FICO?
    Trading in my wrangler at a dealership I've worked with in the past so I don't anticipate any shenanigans, but want to be clear.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 267,190
    cdd543 said:

    Hi all,
    Can I get MF and residual for 2015 4x4 JGC Limited and Altitude for Denver, CO 12/36? Just for clarification, residuals are set by Chrysler, but the MF is based on credit or could be marked up at the dealer discretion? Is that correct or is it set based on FICO?
    Trading in my wrangler at a dealership I've worked with in the past so I don't anticipate any shenanigans, but want to be clear.

    Thanks!

    Limited: .00052 MF and 51% residual
    Altitude: .00013 MF and 49% residual

    That is the base MF.. Chrysler Capital allows the dealer to mark it up by .00042 maximum for extra profit.

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  • cdd543cdd543 Member Posts: 3
    kyfdx said:

    cdd543 said:

    Hi all,
    Can I get MF and residual for 2015 4x4 JGC Limited and Altitude for Denver, CO 12/36? Just for clarification, residuals are set by Chrysler, but the MF is based on credit or could be marked up at the dealer discretion? Is that correct or is it set based on FICO?
    Trading in my wrangler at a dealership I've worked with in the past so I don't anticipate any shenanigans, but want to be clear.

    Thanks!

    Limited: .00052 MF and 51% residual
    Altitude: .00013 MF and 49% residual

    That is the base MF.. Chrysler Capital allows the dealer to mark it up by .00042 maximum for extra profit.

    Thanks so much. Is the overland .00017? I noticed that from a prior post, but wasn't sure if it varied by state.
  • kenger1kenger1 Member Posts: 23
    I have been shopping around for leases and found a JGC that my wife likes. It's a Demo Jeep though, current mileage is 6561. I haven't seen a disclosure so I'm not sure what it was used for.

    2015 Jeep Grand Cherokee Overland 4x4
    MSRP: 47890
    List Price: 47290
    Lease Cash: 2000

    He is giving me numbers for 36mo / 12k miles at 55% residual and 6.34% rate or 24mo / 12k miles at 63% and 6.9%.

    He came back with out the door monthly payment for 36mo at 448 a month and with 24mo its 436 a month.

    I have no idea how he is coming up with these monthly payment amounts. It seems really low to me, I always figured it would be around 490 - 520 for this Jeep. The interest rate seems really high for a lease and the residuals seem rather elevated.

    Any help? My wife and I are likely going to take the 24mo lease just so it stays under the 36kmile bumper to bumper warranty, but I want to try and figure out where he is pulling these numbers from. This is also in NY state with 7% sales tax.

    Thanks!
  • MichaellMichaell Moderator Posts: 263,385
    cdd543 said:

    kyfdx said:

    cdd543 said:

    Hi all,
    Can I get MF and residual for 2015 4x4 JGC Limited and Altitude for Denver, CO 12/36? Just for clarification, residuals are set by Chrysler, but the MF is based on credit or could be marked up at the dealer discretion? Is that correct or is it set based on FICO?
    Trading in my wrangler at a dealership I've worked with in the past so I don't anticipate any shenanigans, but want to be clear.

    Thanks!

    Limited: .00052 MF and 51% residual
    Altitude: .00013 MF and 49% residual

    That is the base MF.. Chrysler Capital allows the dealer to mark it up by .00042 maximum for extra profit.

    Thanks so much. Is the overland .00017? I noticed that from a prior post, but wasn't sure if it varied by state.
    I confirm the MF on the Overland 4x4 is .00017

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  • MichaellMichaell Moderator Posts: 263,385
    kenger1 said:

    I have been shopping around for leases and found a JGC that my wife likes. It's a Demo Jeep though, current mileage is 6561. I haven't seen a disclosure so I'm not sure what it was used for.

    2015 Jeep Grand Cherokee Overland 4x4
    MSRP: 47890
    List Price: 47290
    Lease Cash: 2000

    He is giving me numbers for 36mo / 12k miles at 55% residual and 6.34% rate or 24mo / 12k miles at 63% and 6.9%.

    He came back with out the door monthly payment for 36mo at 448 a month and with 24mo its 436 a month.

    I have no idea how he is coming up with these monthly payment amounts. It seems really low to me, I always figured it would be around 490 - 520 for this Jeep. The interest rate seems really high for a lease and the residuals seem rather elevated.

    Any help? My wife and I are likely going to take the 24mo lease just so it stays under the 36kmile bumper to bumper warranty, but I want to try and figure out where he is pulling these numbers from. This is also in NY state with 7% sales tax.

    Thanks!

    This looks like a non-Chrysler lease -- the high MF is offset by large rebates that bring down the cap cost. Unfortunately, we don't have those numbers to confirm.

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  • cdd543cdd543 Member Posts: 3
    edited October 2015
    Hi again,
    Got a couple of deals from autonation west Jeep in Golden, CO and am not feeling good about them at this point.
    2015 limited 4x4 eco diesel
    MSRP: 50,400 with sale price of $45,800 on 36/12k.
    They added:
    1399.87(sales tax)
    27.20 for tax and registration
    499 dealer handling
    balance: 46,012.89

    They came back with:
    1000 down =$553
    $2000 down =$524

    This was the second attempt as they brought something much higher, i asked what the MF was and they said something like .00094. I told them it should be .00052 so they came back with the above pricing.
    The other thing I don't get is the $2500 denver lease rebate. Shouldn't this be taken off the final balance due or net cap like it does on the jeep site? This seems to be the issue. The dealer says this is applied in the monthly payments.

    They didn't and gave me some explanation that it was in the monthly payments--there is mention of it, but it makes no sense to me. When I calculate this exact vehicle on the jeep site I get $505(adding in sales tax) with no money down to lease. I told them I wanted to see their worksheet so they gave me the disclosure as I was leaving. I haven't had a chance to read through it all. Any help or thoughts would be appreciated.

    Edit: I was able to get mine resolved. They'd added in 700 for theft protection and some other nonsense. I was able to get it down to 42,800 with my 1700 wrangler equity. The 2500 was deducted properly. MF of .00052 thanks to edmunds and this thread. Thanks!
  • ilovesprintilovesprint Member Posts: 35
    I have vetted all my deals with the help of this excel lease calculator http://www.money-zine.com/financial-planning/leasing-or-buying-a-car/car-lease-calculator/

    I make sure they give me ALL of the details
    MSRP
    Discount off MSRP
    Lease Cash - I want that separate - some people will give you lease cash plus discount all rolled into one number. I want to negotiate the discount & then take the lease cash
    MF
    Residual - ask for the # & %
    Taxes
    Fee's - all of them itemized. So many people would forget to tell me the Acquisition fee

    ask for their Net cap cost

    thats all...once I figure it out..I confirm it here

    hope that helps
  • ilovesprintilovesprint Member Posts: 35
    kenger1 said:

    I have been shopping around for leases and found a JGC that my wife likes. It's a Demo Jeep though, current mileage is 6561. I haven't seen a disclosure so I'm not sure what it was used for.

    2015 Jeep Grand Cherokee Overland 4x4
    MSRP: 47890
    List Price: 47290
    Lease Cash: 2000

    He is giving me numbers for 36mo / 12k miles at 55% residual and 6.34% rate or 24mo / 12k miles at 63% and 6.9%.

    He came back with out the door monthly payment for 36mo at 448 a month and with 24mo its 436 a month.

    I have no idea how he is coming up with these monthly payment amounts. It seems really low to me, I always figured it would be around 490 - 520 for this Jeep. The interest rate seems really high for a lease and the residuals seem rather elevated.

    Any help? My wife and I are likely going to take the 24mo lease just so it stays under the 36kmile bumper to bumper warranty, but I want to try and figure out where he is pulling these numbers from. This is also in NY state with 7% sales tax.

    Thanks!

    That is a TERRIBLE list price. you should be get the selling price down 6-9% & then apply the $2,500 lease cash - Money factor from Chrysler is .00017 which is 0.4% APR

    I have a quote for a 49K overland in the 41's for the record - don't love it so I will buy another vehicle

    use the calculator I posted above
  • MichaellMichaell Moderator Posts: 263,385
    j
    cdd543 said:

    Hi again,
    Got a couple of deals from autonation west Jeep in Golden, CO and am not feeling good about them at this point.
    2015 limited 4x4 eco diesel
    MSRP: 50,400 with sale price of $45,800 on 36/12k.
    They added:
    1399.87(sales tax)
    27.20 for tax and registration
    499 dealer handling
    balance: 46,012.89

    They came back with:
    1000 down =$553
    $2000 down =$524

    This was the second attempt as they brought something much higher, i asked what the MF was and they said something like .00094. I told them it should be .00052 so they came back with the above pricing.
    The other thing I don't get is the $2500 denver lease rebate. Shouldn't this be taken off the final balance due or net cap like it does on the jeep site? This seems to be the issue. The dealer says this is applied in the monthly payments.

    They didn't and gave me some explanation that it was in the monthly payments--there is mention of it, but it makes no sense to me. When I calculate this exact vehicle on the jeep site I get $505(adding in sales tax) with no money down to lease. I told them I wanted to see their worksheet so they gave me the disclosure as I was leaving. I haven't had a chance to read through it all. Any help or thoughts would be appreciated.

    Edit: I was able to get mine resolved. They'd added in 700 for theft protection and some other nonsense. I was able to get it down to 42,800 with my 1700 wrangler equity. The 2500 was deducted properly. MF of .00052 thanks to edmunds and this thread. Thanks!

    36/12 numbers on the 2015 JGC Limited Diesel are .00052 and 53%.

    Tax on a lease in Colorado is applied to the monthly payment, not calculated up front.

    The rebate should be applied up front, as you've noted.

    Looks like you got it all worked out.

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  • dirts80dirts80 Member Posts: 2
    Hi friends, looking for the lease stats on the following:

    36/12
    Limited, 4x4, 5.7V8
    Cleveland, OH/Akron, OH area
  • kyfdxkyfdx Moderator Posts: 267,190
    dirts80 said:

    Hi friends, looking for the lease stats on the following:

    36/12
    Limited, 4x4, 5.7V8
    Cleveland, OH/Akron, OH area

    .00052 MF and 51% residual

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  • neomatrix1neomatrix1 Member Posts: 2
    Hello,

    Thanks for this very informative thread. Can you share the MF and residuals for a 2015 JGC Overland and Limited 4X4? 36 and 39 month lease, 15K, Northern Virginia?

    I was recently quoted:
    JGC Limited
    MSRP: $42400
    $2500 Mid-Atlantic Lease Cash

    39 months, 15K/year; $500 out of pocket
    $595/month

    Any word on new incentives coming after Nov. 2nd?
  • kenger1kenger1 Member Posts: 23
    edited October 2015
    Original deal fell through because dealership sold the car underneath me... So new deal but we can't agree on monthly price I'm calculating something much less. This is in Albany ny 

    msrp: 47985
    final price 42647
    Down payment: 3500
    dealer fees: 323
    tax 7%
    residual is 47%
    money factor .00017
    39 month lease 12k miles

    payment is 506. Any help? Is this right?
  • MichaellMichaell Moderator Posts: 263,385

    Hello,

    Thanks for this very informative thread. Can you share the MF and residuals for a 2015 JGC Overland and Limited 4X4? 36 and 39 month lease, 15K, Northern Virginia?

    I was recently quoted:
    JGC Limited
    MSRP: $42400
    $2500 Mid-Atlantic Lease Cash

    39 months, 15K/year; $500 out of pocket
    $595/month

    Any word on new incentives coming after Nov. 2nd?

    36/15:
    Limited 4x4 - .00052 and 49%
    Overland 4x4 - .00017 and 47%

    Subtract 2% for 39 months

    No information on November numbers.

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • MichaellMichaell Moderator Posts: 263,385
    kenger1 said:

    Original deal fell through because dealership sold the car underneath me... So new deal but we can't agree on monthly price I'm calculating something much less. This is in Albany ny 

    msrp: 47985
    final price 42647
    Down payment: 3500
    dealer fees: 323
    tax 7%
    residual is 47%
    money factor .00017
    39 month lease 12k miles

    payment is 506. Any help? Is this right?

    Is the entire $3500 going to cap cost reduction?

    Without it, I get a payment of $563/mo with tax.

    $3500 down would reduce your payment about $90/mo.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • kenger1kenger1 Member Posts: 23
    Michaell said:

    kenger1 said:

    Original deal fell through because dealership sold the car underneath me... So new deal but we can't agree on monthly price I'm calculating something much less. This is in Albany ny 

    msrp: 47985
    final price 42647
    Down payment: 3500
    dealer fees: 323
    tax 7%
    residual is 47%
    money factor .00017
    39 month lease 12k miles

    payment is 506. Any help? Is this right?

    Is the entire $3500 going to cap cost reduction?

    Without it, I get a payment of $563/mo with tax.

    $3500 down would reduce your payment about $90/mo.
    The way they had it listed was 3500 down was being split. It would pay the first payment, dmv / dealer fees. This came to around 850 I think. Then the balance was being used to reduce the cap cost. I'm really confused with all the numbers he is adding. There was also some depreciation of 450 dollars and some contract fee of 18 dollars.

    Should I tell him to just put the 3500 dollars towards the cap cost reduction and then roll everything else into the lease?
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