2015 Jeep Grand Cherokee Lease Questions

westportquay

kyfdx said:

westportquay said:

turning in my 2013 and got this qoute on 2015 Cherokee Limited
MSRP 39,305
Selling Price 36,429
Taxes 3411
Fees 464
Out the door price: 41,700
Zero down.
Mf is 0.00137, RV is $18,866
12,000 a year, 36 months at $539

Would love to hear your thoughts. Thank you.

Is it a Cherokee or a Grand Cherokee?
(because this is the Grand Cherokee discussion)

It's a Grand Cherokee.

kyfdx

cnote2 said:

Need 4x4 altitude mf\residual for 36/39m 12k and any lease cash in PA?

.00012 MF and 48%/45% residual.

Don't have the incentive information, sorry.

kyfdx

westportquay said:

kyfdx said:

westportquay said:

turning in my 2013 and got this qoute on 2015 Cherokee Limited
MSRP 39,305
Selling Price 36,429
Taxes 3411
Fees 464
Out the door price: 41,700
Zero down.
Mf is 0.00137, RV is $18,866
12,000 a year, 36 months at $539

Would love to hear your thoughts. Thank you.

Is it a Cherokee or a Grand Cherokee?
(because this is the Grand Cherokee discussion)

It's a Grand Cherokee.

If it's RWD, I show .00024 MF and 48% residual.

Which state? Taxes seem kind of high for a lease, unless you are in a "full-tax" state. (and, the numbers don't add up).

westportquay

California lease. Didn't add up for me either. Dealer has since corrected.

coachrl

what is the MF and RV for 2015 GC Limited 4x4 in NJ? 39/12

rezamokh

Please can someone tell me what is the MF and residual for Grand Cherokee 4x4 altitude 10k per year northern California zip code 95117

kyfdx

coachrl said:

what is the MF and RV for 2015 GC Limited 4x4 in NJ? 39/12

.00022 MF and 46% residual.

49% residual for 36/12

kyfdx

rezamokh said:

Please can someone tell me what is the MF and residual for Grand Cherokee 4x4 altitude 10k per year northern California zip code 95117

.00002 MF and 49% residual for 36/10

danieljgc24

MF and residual for

4x4 limited and overland(high altitude)

15k miles

36 and 39 months

Md zip 21075

Thanks!

kyfdx

danieljgc24 said:

MF and residual for

4x4 limited and overland(high altitude)

15k miles

36 and 39 months

Md zip 21075

Thanks!

Limited: .00022 MF and 47%/44% residual

High Altitude: .00018 MF and 46%/43% residual

danieljgc24

kyfdx said:

danieljgc24 said:

MF and residual for

4x4 limited and overland(high altitude)

15k miles

36 and 39 months

Md zip 21075

Thanks!

Limited: .00022 MF and 47%/44% residual

High Altitude: .00018 MF and 46%/43% residual

Thanks so much. Can I assume the high altitude numbers are good on any overland?

kyfdx

danieljgc24 said:

kyfdx said:

danieljgc24 said:

MF and residual for

4x4 limited and overland(high altitude)

15k miles

36 and 39 months

Md zip 21075

Thanks!

Limited: .00022 MF and 47%/44% residual

High Altitude: .00018 MF and 46%/43% residual

Thanks so much. Can I assume the high altitude numbers are good on any overland?

High Altitude is listed as a separate model, but in this case, it has the same numbers as the Overland. (Gas).

walrusjk5150

Good morning, what's the mf & rv for altitude 4x2 & 4x4, 36mo & 39 mo, 10k miles? Also are acquisition fees waived this month? Thank you.

kyfdx

walrusjk5150 said:

Good morning, what's the mf & rv for altitude 4x2 & 4x4, 36mo & 39 mo, 10k miles? Also are acquisition fees waived this month? Thank you.

4X4:
.00002 MF and 49%/46% residual

4X2:
.00028 MF and 48%/45% residual.

Yes, acquisition fee is waived

shookaka

Hello,
I got a quote from dealer on a 2015 JGC Limited 4x2:

MSRP: $39,305.
Net cap cost: 34,509.05
MF: 0.00035
RV: 48%
36M/12K
No money down. ($0)
Monthly payment including 8% Tax: $489

Is this a good deal? Seems High for a 2015 model..

Any thoughts or advise?

Thanks,

Michaell

shookaka said:

Hello,
I got a quote from dealer on a 2015 JGC Limited 4x2:

MSRP: $39,305.
Net cap cost: 34,509.05
MF: 0.00035
RV: 48%
36M/12K
No money down. ($0)
Monthly payment including 8% Tax: $489

Is this a good deal? Seems High for a 2015 model..

Any thoughts or advise?

Thanks,

I confirm the MF and residual.

I get the same payment with those numbers ... the low residual is what's hurting you here.

shookaka

Thanks,

Any suggestions on how to get the price lowered? The rv will probably be lower next month.

Should I try to get a higher discount? Right now I'm at 4800 discount. Seems like this is the only variable. 

kyfdx

shookaka said:

Thanks,

Any suggestions on how to get the price lowered? The rv will probably be lower next month.

Should I try to get a higher discount? Right now I'm at 4800 discount. Seems like this is the only variable. 

Well... that's the place to lower the payment.
In most of the country, there is $2500 lease cash on that vehicle. Does that translate into a lower price than what you've been offered? No idea, but if you can't get the selling price down, then that's the payment you get. It's a decent lease program, but not a great one.

shookaka

The 2500 is included. I'm in Southern California. This deal did not sound attractive to me at all. 440/m sounds more reasonable. What's a great lease program? Should I wait for 2016 models? Higher Rv and newer model?

Appreciate it. 

kyfdx

shookaka said:

The 2500 is included. I'm in Southern California. This deal did not sound attractive to me at all. 440/m sounds more reasonable. What's a great lease program? Should I wait for 2016 models? Higher Rv and newer model?

Appreciate it. 

No clue on what we'll see with the 2016 models, sorry.

olliesam3

Does anyone know if Jeep does some sort of damage forgiveness if you re-lease another vehicle? I still have about a year to go on my current lease, but i got a little banged up in a parking lot (about 1k worth of damage). I already plan on leasing another one, but I'm just wondering if it's worth fixing as I used to have a Nissan and they offered to forgive damages if I leased another Nissan. The damage is minor so it doesn't really bother me, but I'm sure they will try to hit me hard if I turn it in. Would this be something specific to each dealer?

Michaell

olliesam3 said:

Does anyone know if Jeep does some sort of damage forgiveness if you re-lease another vehicle? I still have about a year to go on my current lease, but i got a little banged up in a parking lot (about 1k worth of damage). I already plan on leasing another one, but I'm just wondering if it's worth fixing as I used to have a Nissan and they offered to forgive damages if I leased another Nissan. The damage is minor so it doesn't really bother me, but I'm sure they will try to hit me hard if I turn it in. Would this be something specific to each dealer?

If the damage is $1000, it's likely that you'll be charged for it at the end of the lease. I'm leasing now, and my bumper got cracked in a parking lot (hit and run). I plan to fix it before the end of the lease, even if I get another car from the same manufacturer.

Small scratches and dents are often waived, but every bank looks at it differently.

gaflyer2

I see that the JGC has $2,500 lease cash (southeast region). Can you combine it with the other incentives such as $1,000 lease conquest? Also, what kind of RV can I expect on an Overland 4x2 10k 36/39 if leased in the summer (July)? Yes, nobody knows...but what was it this past year? Thanx.

kyfdx

flyingorlando said:

I see that the JGC has $2,500 lease cash (southeast region). Can you combine it with the other incentives such as $1,000 lease conquest? Also, what kind of RV can I expect on an Overland 4x2 10k 36/39 if leased in the summer (July)? Yes, nobody knows...but what was it this past year? Thanx.

Lease conquest and lease cash should be stackable.

We don't know next year's numbers, and we don't have last summer's number, either. Sorry

howie07

Hi, can you please post the current residual and MF for these 2015 Jeep Grand Cherokees, 4x4, for 36/12 in NJ.

Laredo
Altitude
Limited

A dealer told me the lease price would go up if I waited until closer to the 2016's arrive in February/March... is it true that the residual % drops as it gets later in the year? And can you only lease a 2015 vehicle until around the end of 2015, then the leasing companies refuse to do it?

The quote was $579/month with 0 down, on a $41305 msrp with a selling price of $39810. The sales manager said he was using an APR of 4.9% and 52% residual, but these numbers don't sound right based on what I've read on the forum. Can you help me understand how he derived the $579 payment?

Michaell

howie07 said:

Hi, can you please post the current residual and MF for these 2015 Jeep Grand Cherokees, 4x4, for 36/12 in NJ.

Laredo
Altitude
Limited

A dealer told me the lease price would go up if I waited until closer to the 2016's arrive in February/March... is it true that the residual % drops as it gets later in the year? And can you only lease a 2015 vehicle until around the end of 2015, then the leasing companies refuse to do it?

The quote was $579/month with 0 down, on a $41305 msrp with a selling price of $39810. The sales manager said he was using an APR of 4.9% and 52% residual, but these numbers don't sound right based on what I've read on the forum. Can you help me understand how he derived the $579 payment?

Laredo - .00002 and 48%
Altitude - .00002 and 48%
Limited - .00022 and 49%

I agree with the dealer that the residual drops as the model year goes on. And, support for leasing 2015's may stop at any time.

Which trim level was the quote for? And, this may be from a bank that isn't Chrysler Financial, which are the only numbers we have.

howie07

Michaell said:

howie07 said:

Hi, can you please post the current residual and MF for these 2015 Jeep Grand Cherokees, 4x4, for 36/12 in NJ.

Laredo
Altitude
Limited

A dealer told me the lease price would go up if I waited until closer to the 2016's arrive in February/March... is it true that the residual % drops as it gets later in the year? And can you only lease a 2015 vehicle until around the end of 2015, then the leasing companies refuse to do it?

The quote was $579/month with 0 down, on a $41305 msrp with a selling price of $39810. The sales manager said he was using an APR of 4.9% and 52% residual, but these numbers don't sound right based on what I've read on the forum. Can you help me understand how he derived the $579 payment?

Laredo - .00002 and 48%
Altitude - .00002 and 48%
Limited - .00022 and 49%

I agree with the dealer that the residual drops as the model year goes on. And, support for leasing 2015's may stop at any time.

Which trim level was the quote for? And, this may be from a bank that isn't Chrysler Financial, which are the only numbers we have.

Gotcha, thanks for confirming the residual drops and leasing may end soon... and maybe I'm lucky they used .52 instead of the .48 your info shows. The trim level the quote was for was a Limited, and I think they mentioned using Ally and not Chrysler unfortunately.

howie07

Also, I guess end of year just isn't good for leasing if the residuals drop... only for buying since dealers will still need to move old stock off their lot.

Michaell

howie07 said:

Also, I guess end of year just isn't good for leasing if the residuals drop... only for buying since dealers will still need to move old stock off their lot.

It depends.

For example, the residuals on 2015 BMWs are better than the residuals on 2016s, in some cases. Helps provide incentives to folks looking to lease.

crow216

Hey guys, Limited 10/39 in NY or NJ? Need MF & Resid.

Are 2016 the same or worse?

kyfdx

crow216 said:

Hey guys, Limited 10/39 in NY or NJ? Need MF & Resid.

Are 2016 the same or worse?

Assuming AWD

2015: .00022 MF and 47% residual


We don't have any 2016 Grand Cherokee numbers.

gaflyer2

Any idea of when the 2016s will hit the lots? Also...don't the new model year vehicles usually hit in August/September?

kyfdx

flyingorlando said:

Any idea of when the 2016s will hit the lots? Also...don't the new model year vehicles usually hit in August/September?

No idea... 30 years ago, you could count on the new vehicles in September/October.. Now, it's a crapshoot.

exclusives88

Just leased a 2015 Grand Cherokee Laredo 4x4 36 months 10k miles a year. How did I do? I think I did well. They included a $3.500 rebate (cap reduction)

msrp: 34,995. I believe the cap cost after all reduction was around $26,700.

up front fee: $3,750 includes first month payment, destination charge, 6 percent taxes of full car purchase price (VA requires taxes paid up front), processing fees.

monthly payment: $259 per month

Michaell

exclusives88 said:

Just leased a 2015 Grand Cherokee Laredo 4x4 36 months 10k miles a year. How did I do?

msrp: 34,995

up front fee: $3,750 includes first month payment, destination charge, 6 percent taxes of full car purchase price, processing fees.

monthly payment: $259 per month

What kind of discount did you get from sticker?

Do you have the full breakdown of the $3750 due at signing?

Looks good on the surface ...

deeve

Looks like Jeep is offering lease deals on the GC. What are the numbers on a High Altitude 4x4 in Oregon. 10, 12 and 15k 36 month lease please. 3.6 and 3.0 diesel as well if there is a difference

exclusives88

Michaell said:

Just leased a 2015 Grand Cherokee Laredo 4x4 36 months 10k miles a year. How did I do?

msrp: 34,995

up front fee: $3,750 includes first month payment, destination charge, 6 percent taxes of full car purchase price, processing fees.

monthly payment: $259 per month

What kind of discount did you get from sticker? Do you have the full breakdown of the $3750 due at signing? Looks good on the surface ...

995 destination charge
295 processing fee (includes tag and title)
260 first month payment
2,200 taxes

jsbeach209

2015 Jeep Grand Cherokee SRT in Pa. Money factor and residual please. 27/10k per year, 36/12k. Thanks

kyfdx

deeve said:

Looks like Jeep is offering lease deals on the GC. What are the numbers on a High Altitude 4x4 in Oregon. 10, 12 and 15k 36 month lease please. 3.6 and 3.0 diesel as well if there is a difference

.00007 MF and 49%/48%/46% residual.

kyfdx

jsbeach209 said:

2015 Jeep Grand Cherokee SRT in Pa. Money factor and residual please. 27/10k per year, 36/12k. Thanks

.00014 MF and 47% residual for 36/12. Don't see a 27 month lease from Chrysler Capital.

deeve

Like I mentioned above, am looking for a High Altitude, but Dealer is showing us a Summit they have on the lot. What are the numbers on one of those for a 36/12-15k year Oregon?

Thanks!
DAVE

Michaell

deeve said:

Like I mentioned above, am looking for a High Altitude, but Dealer is showing us a Summit they have on the lot. What are the numbers on one of those for a 36/12-15k year Oregon?

Thanks!
DAVE

.00081 and 45% for 36/15. Add 2% for 12K

haywoodjablome

Hello- fantastic forum, thank you to all who contribute.

Can I have the RV & MF for Overland 4X4 and Summit 4X4 in NJ? 15k mi/yr, 36/39 mo.

Thanks in advance.

Michaell

haywoodjablome said:

Hello- fantastic forum, thank you to all who contribute.

Can I have the RV & MF for Overland 4X4 and Summit 4X4 in NJ? 15k mi/yr, 36/39 mo.

Thanks in advance.

Overland - .00007 and 46% / 43%
Summit - .00081 and 45% / 43%

snsssns

Just got a new lease

MSRP 42900 12k/39m for 459/month with 500 due at signing.

I think I did okay

andy145

Hello

What is the MF and Res for limited and limited diesel 4x4 for 36/12 in Colorado? Thanks!

audieddy

Just did this deal (for a High altitude 6 cylinder) - 15k per year/ 39 months . By far the best offer I got. Dealer used Harbor One bank, which is part of the credit union leasing association ( i looked it up).

MSRP: $50,085
residual: $23,039 (46%)
mf:  .00128 or @ 3% 
down payment: $1,000
document fee: $299 and registration : $135 both rolled into lease
payment: $502.70 including tax (6.25% in MA)
fee of 400 if you turn in car or 350 if you buy it at residual. 

Dealer said said they took $8750 off MSRP which included $4500 in Chrysler rebates. The only money I put into the lease was $1000 down plus $502.70 for the first month payment. 

The other quote I got was $664 from another dealer.

westside182

I got this quote today on a 2015 GC Overland. MSRP $47,950 Selling price $41,888 including registration.
12k/36 month $2000 down $480 per month. This is in Oregon with no sales tax. Any good?

kyfdx

andy145 said:

Hello

What is the MF and Res for limited and limited diesel 4x4 for 36/12 in Colorado? Thanks!

.00022 MF and 49%/51% residual for Gas/Diesel

Michaell

snsssns said:

Just got a new lease

MSRP 42900 12k/39m for 459/month with 500 due at signing.

I think I did okay

Congrats on the new Jeep!