2015 Jeep Grand Cherokee Lease Questions

Michaell

audieddy said:

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.

Looks like a solid deal - congrats!

Michaell

westside182 said:

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?

What does the $2000 cover?

.00007 and 48% for 36/12. Using your prices, I get $529/mo, so your quote of $480 looks pretty good.

westside182

Michaell said:

westside182 said:

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?

What does the $2000 cover?

.00007 and 48% for 36/12. Using your prices, I get $529/mo, so your quote of $480 looks pretty good.

The $2000 covers registration ($373) first month and the rest down. What are you showing for MF and Residual in Oregon?

Do you think incentives might be better in December?

Michaell

westside182 said:

Michaell said:

westside182 said:

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?

What does the $2000 cover?

.00007 and 48% for 36/12. Using your prices, I get $529/mo, so your quote of $480 looks pretty good.

The $2000 covers registration ($373) first month and the rest down. What are you showing for MF and Residual in Oregon?

Do you think incentives might be better in December?

The numbers I gave you are nationwide.

The down payment reduces your payment about $45/mo, so the numbers are more in alignment.

Can't tell you what will happen to the numbers next month...

mardou16

Can I please get MF and residual on Laredo E 4x4, 36m/10k in New York and any incentives? Also do these numbers change on 12/1?Thanks!

kyfdx

mardou16 said:

Can I please get MF and residual on Laredo E 4x4, 36m/10k in New York and any incentives? Also do these numbers change on 12/1?Thanks!

Assuming a Laredo E is a Laredo, then..

.00002 MF and 49% residual.

Don't have the incentive information and yes, new program tomorrow.

westside182

Any word what the December incentives are on an Overland 4x4?

danieljgc24

I'd be interested to know the december program for a high altitude 4x4

36/39 months and 15k miles

Thank you!

jbean415

Hey is there any way I could get the MF, residual for a grand cherokee limited 4x4 36mo and 12k miles?

as well if there are any December incentives?

thanks!

kyfdx

westside182 said:

Any word what the December incentives are on an Overland 4x4?

We don't have incentive info, sorry.

kyfdx

danieljgc24 said:

I'd be interested to know the december program for a high altitude 4x4

36/39 months and 15k miles

Thank you!

.00007 MF and 46%/43% residual.

kyfdx

jbean415 said:

Hey is there any way I could get the MF, residual for a grand cherokee limited 4x4 36mo and 12k miles?

as well if there are any December incentives?

thanks!

.00022 MF and 49% residual. Acquisition fee is waived.

We don't have other incentive information.

westside182

Do you have MF and residual for a 4x4 Overland 36 mo for both 12k and 15k?

kyfdx

westside182 said:

Do you have MF and residual for a 4x4 Overland 36 mo for both 12k and 15k?

.00007 MF and 48%/46% residual

chris8230

Do you know of any incentives or rebates available and MF and residual  for a 2015 jeep grand cherokee 4x4 laredo E.  36/12k, 39/12k, 43/12k in western new york? What would a good payment look like? I would be putting 1k down. 

chris8230

chris8230 said:

Do you know of any incentives or rebates available and MF and residual  for a 2015 jeep grand cherokee 4x4 laredo E.  36/12k, 39/12k, 43/12k in western new york? What would a good payment look like? I would be putting 1k down. 

Forgot to mention MSRP is 34990.  The total out the door price including 34196. That includes dmv fees and taxes.  The dealer said this also, the bc rebate is 1500 and the conquest rebate is 1000.  The tax included in the price is also over 2000.  
I apologize,  I am new to this process. Please help. 

kyfdx

chris8230 said:

chris8230 said:

Do you know of any incentives or rebates available and MF and residual  for a 2015 jeep grand cherokee 4x4 laredo E.  36/12k, 39/12k, 43/12k in western new york? What would a good payment look like? I would be putting 1k down. 

Forgot to mention MSRP is 34990.  The total out the door price including 34196. That includes dmv fees and taxes.  The dealer said this also, the bc rebate is 1500 and the conquest rebate is 1000.  The tax included in the price is also over 2000.  
I apologize,  I am new to this process. Please help. 

.00002 MF and 48% residual
.00002 MF and 45% residual
.00012 MF and 44% residual

Your "out the door" price for a purchase, might not be the same as for a lease. Is the tax number based on purchasing the vehicle or leasing it?

adthebadstud

Hopefully this helps some people. I just secured a 4x4 Jeep Grand Cherokee Altitude this past weekend. Leasing was cheaper than financing, overall. Bear with me below:

At my credit union (assuming the rates don't drastically change in the next 3 years) a "new car loan" is considered any loan on a vehicle less than 3 years old. The current rates are 1.79% all the way to 72 months. So if I would have financed up front, my payment would have been approximately $606.21 per month with zero down. This is with a negotiated sale price of $500 below invoice, plus incentives ($2000). And assuming roughly 10% for drive off (taxes, initial registration, etc.). MSRP $41,625. Negotiated sale of $39,194.

Total out of pocket payment for the car in that scenario is $606.21 x 72 = $43,647.12

With the route that I took, same negotiated sale price. Same MSRP. The interest on the lease was essentially 0% at a MF of 0.00002. The residual is 49%, so a little more than half of the sticker price will be paid for through the lease.

Negotiated sale price less incentives ($3500 for the lease), plus fees (first month, sales tax, doc fee, registration, etc.) comes out to an adjusted cap cost of $36,922.46 with zero out of pocket. Monthly payment is $460.21 plus tax of 8.225% in Fresno CA, so $498.06 total payment including tax. I will have to make 35 monthly payments because the first was taken care of with the rebates. 35 x 498.06 = $17,432.10

Residual is $20,396.25. Assuming the rates don't change, and the same 10% for taxes and fees on that loan with zero down, plus the $350 purchase option fee, the new 3 year loan in 2018 will be for $22,785.88. That's a monthly payment of $650.53. For a total cost of 650.53 x 36 = $23,419.08

$17,432.10 + $23,419.08 = $40,851.18 for the Lease for 3, finance for 3.


$43,647.12 - $40,851.18 = $2,795.94 better. So, unless there's something that I did WAYYYY wrong, I think this was the better move.

chris8230

kyfdx said:

chris8230 said:

Do you know of any incentives or rebates available and MF and residual  for a 2015 jeep grand cherokee 4x4 laredo E.  36/12k, 39/12k, 43/12k in western new york? What would a good payment look like? I would be putting 1k down. 

Forgot to mention MSRP is 34990.  The total out the door price including 34196. That includes dmv fees and taxes.  The dealer said this also, the bc rebate is 1500 and the conquest rebate is 1000.  The tax included in the price is also over 2000.  
I apologize,  I am new to this process. Please help. 

.00002 MF and 48% residual .00002 MF and 45% residual .00012 MF and 44% residual Your "out the door" price for a purchase, might not be the same as for a lease. Is the tax number based on purchasing the vehicle or leasing it?

This is based on a lease. Where should I expect a good payment to be. 

jbean415

kyfdx said:

jbean415 said:

Hey is there any way I could get the MF, residual for a grand cherokee limited 4x4 36mo and 12k miles?

as well if there are any December incentives?

thanks!

.00022 MF and 49% residual. Acquisition fee is waived.

We don't have other incentive information.

I am fairly new to this as well so bare with me... If the MSRP is 42,100 and the purchase price is 37,100 what should i expect the monthly payment to be?

Any chance you could provide the payment with zero down and with $3500 down?

Thanks a lot for your help

1cent

Do you have the MF and Residual for a Overland GC 4x4 with MSRP of $47,985? I am located in Metro Detroit area in Michigan. This is for a 24 month lease with 12k miles per year. And is MF factor through Chrysler Capital? Thanks.

kyfdx

1cent said:

Do you have the MF and Residual for a Overland GC 4x4 with MSRP of $47,985? I am located in Metro Detroit area in Michigan. This is for a 24 month lease with 12k miles per year. And is MF factor through Chrysler Capital? Thanks.

Standard MF and 54% residual.
Chrysler Capital doesn't appear to support 24 month leases on this model.

If you are getting a quote, it's likely through Ally, I would think. We don't have those numbers, but the MF would be expressed as an APR, and would be very high, but residuals would likely be higher, as well... and, maybe a big IDL lease bonus.

crc5182

Going to look at the Limited and Altitude today (Pennsylvania), 36m, 15k and $0 down. What money factor and residual should I be looking for? Is this correct, Limited .00052 MF & 49% and the Altitude .00002 and 49%?

Also, does anyone know the tax to lease in Philadelphia? Is it 5%? ( 3% for PA and 2% for Philly)

Thank you!

Michaell

crc5182 said:

Going to look at the Limited and Altitude today (Pennsylvania), 36m, 15k and $0 down. What money factor and residual should I be looking for? Is this correct, Limited .00052 MF & 49% and the Altitude .00002 and 49%?

Also, does anyone know the tax to lease in Philadelphia? Is it 5%? ( 3% for PA and 2% for Philly)

Thank you!

36/15 lease numbers:

Limited 4x4 - .00022 and 49%
Altitude 4x4 - .00002 and 48%

Lease tax in PA is 9% (10% in Pittsburgh).

andymsn

Any thoughts on this deal for an Overland w Tech Pkg that I have been offered in Northern Virginia? Based on what I've seen here the residual seems a bit low and the MF somewhat high, but I'm not sure.

Lease:

24 Month w/first payment 12K Miles $1,027.01
24 Month w/ first payment 15K Miles $1,047.25
36 Month w/ first payment 12K Miles $642.49
36 Month w/ first payment 15K miles $670.35

Residual for 12K at 36 months is 48%
Residual for 15K at 36 months is 46%
Money Factor is .00049

-----------------------------------------------------------------------------------------------------------------------------------

Buy:

Suggested Retail - 49.585
Factory Incentive - 1,000
Vehicle Price - 43,670
Destination Charge - 995
Subtotal - 44,665
License/Registration - 68.50
Processing Fee - 599
State Sales Tax - 1,933.47
Unpaid Balance - 47,265.97

kyfdx

andymsn said:

Any thoughts on this deal for an Overland w Tech Pkg that I have been offered in Northern Virginia? Based on what I've seen here the residual seems a bit low and the MF somewhat high, but I'm not sure.

Lease:

24 Month w/first payment 12K Miles $1,027.01
24 Month w/ first payment 15K Miles $1,047.25
36 Month w/ first payment 12K Miles $642.49
36 Month w/ first payment 15K miles $670.35

Residual for 12K at 36 months is 48%
Residual for 15K at 36 months is 46%
Money Factor is .00049

-----------------------------------------------------------------------------------------------------------------------------------

Buy:

Suggested Retail - 49.585
Factory Incentive - 1,000
Vehicle Price - 43,670
Destination Charge - 995
Subtotal - 44,665
License/Registration - 68.50
Processing Fee - 599
State Sales Tax - 1,933.47
Unpaid Balance - 47,265.97

Residual is correct, but MF is marked up from the .00018 base.

Your quote doesn't include the actual NET CAP cost for a lease, but with those monthly numbers, it looks like it might involve some money upfront.

yimao1985

Hi, could you pls let me know what the MF and Residuals
2015 Jeep cherokee laredo 4x4 10k miles / 36 month Lease (ny) 0 down
MSRP 34.999
Sales Price 28.999
Thanks

arsenal2389

Hi, new here and really appreciate all of the help. I am looking at leasing and am wondering if, historically, it is better to lease now or wait until February or March after the winter season in the Northeast. Not sure and am curious if this affects pricing /incentives. Thanks again.

kyfdx

yimao1985 said:

Hi, could you pls let me know what the MF and Residuals
2015 Jeep cherokee laredo 4x4 10k miles / 36 month Lease (ny) 0 down
MSRP 34.999
Sales Price 28.999
Thanks

Cherokee or Grand Cherokee? This is the Grand Cherokee discusion.

For Cherokee:
http://forums.edmunds.com/discussion/34354/jeep/cherokee/2015-jeep-cherokee-lease-questions#latest

kyfdx

arsenal2389 said:

Hi, new here and really appreciate all of the help. I am looking at leasing and am wondering if, historically, it is better to lease now or wait until February or March after the winter season in the Northeast. Not sure and am curious if this affects pricing /incentives. Thanks again.

It's a crapshoot..

njmountaineers

Hey Guys, new to the board have enjoyed reading through some posts and learning along the way.

Currently looking for a new lease on a 2015 Grand Cherokee Limited (MSRP @ 42k) in NJ. After doing some shopping and comparing I was offered $444 (including all taxes and fees) with $0 down for a 39 month lease term with 15k miles per year. I do not have any of the residual or money factor numbers that were used to get me to this price. I am looking to get that information this week. What do you guys think about this offer? Seems pretty damn good to me.

I guess it should be noted that I am exiting my current 2013 Jeep Laredo lease 2 months early at $365 per month. It seems like they are going to buyout the car and sell it on their used lot.

Wanted to share my experience with the group and get some feedback.

Thanks!!

Michaell

njmountaineers said:

Hey Guys, new to the board have enjoyed reading through some posts and learning along the way.

Currently looking for a new lease on a 2015 Grand Cherokee Limited (MSRP @ 42k) in NJ. After doing some shopping and comparing I was offered $444 (including all taxes and fees) with $0 down for a 39 month lease term with 15k miles per year. I do not have any of the residual or money factor numbers that were used to get me to this price. I am looking to get that information this week. What do you guys think about this offer? Seems pretty damn good to me.

I guess it should be noted that I am exiting my current 2013 Jeep Laredo lease 2 months early at $365 per month. It seems like they are going to buyout the car and sell it on their used lot.

Wanted to share my experience with the group and get some feedback.

Thanks!!

Without knowing the selling price, it's hard for us to fully evaluate your deal.

The 39/15 numbers we have from Chrysler Financial are .00022 and 44% (assuming AWD).

On the surface, $444/mo with tax on a $42K Jeep is a decent deal ... but, the devil is in the details.

yimao1985

kyfdx said:

Hi, could you pls let me know what the MF and Residuals 2015 Jeep cherokee laredo 4x4 10k miles / 36 month Lease (ny) 0 down MSRP 34.999 Sales Price 28.999 Thanks

Cherokee or Grand Cherokee? This is the Grand Cherokee discusion. For Cherokee: http://forums.edmunds.com/discussion/34354/jeep/cherokee/2015-jeep-cherokee-lease-questions#latest

Sorry.  It's Grand Cherokee 

Michaell

yimao1985 said:

kyfdx said:

yimao1985 said:

Hi, could you pls let me know what the MF and Residuals
2015 Jeep cherokee laredo 4x4 10k miles / 36 month Lease (ny) 0 down
MSRP 34.999
Sales Price 28.999
Thanks

Cherokee or Grand Cherokee? This is the Grand Cherokee discusion.

For Cherokee:
http://forums.edmunds.com/discussion/34354/jeep/cherokee/2015-jeep-cherokee-lease-questions#latest

Sorry.  It's Grand Cherokee 

2015 JGC Laredo 4x4 36/10 - .00002 and 49%

joe3d

njmountaineers said:

Hey Guys, new to the board have enjoyed reading through some posts and learning along the way.

Currently looking for a new lease on a 2015 Grand Cherokee Limited (MSRP @ 42k) in NJ. After doing some shopping and comparing I was offered $444 (including all taxes and fees) with $0 down for a 39 month lease term with 15k miles per year. I do not have any of the residual or money factor numbers that were used to get me to this price. I am looking to get that information this week. What do you guys think about this offer? Seems pretty damn good to me.

I guess it should be noted that I am exiting my current 2013 Jeep Laredo lease 2 months early at $365 per month. It seems like they are going to buyout the car and sell it on their used lot.

Wanted to share my experience with the group and get some feedback.

Thanks!!

I am in the same current situation with 3 payments left on a Grand Cherokee with X package. So anymore info you can provide will be helpful. Was it actually $0 down? Did you go over the mileage in your past vehicle? What was the final price of the new vehicle? Thanks

njmountaineers

blockquote>

I am in the same current situation with 3 payments left on a Grand Cherokee with X package. So anymore info you can provide will be helpful. Was it actually $0 down? Did you go over the mileage in your past vehicle? What was the final price of the new vehicle? Thanks

Still working on getting some of the final numbers. Using some of the info available here in the forum, I backed into a final out the door price tag of around $35k for a $42,400 MSRP Limited. I should have some confirmation this week to back this up.

The deal is for $0 down except first month, which I believe is the norm. As far as miles go, I am on track to be just over the allocated 49k after 39 months. Hence why I am exploring options a month or so early. Hope this helps.

joe3d

Thanks, sounds good. Keep us posted.

mattyfo0z

Current numbers for GC Laredo 4x2, 12k/36 months in Southern California? Thank you!

Michaell

mattyfo0z said:

Current numbers for GC Laredo 4x2, 12k/36 months in Southern California? Thank you!

.00028 and 47%. Acquisition fees are waived this month.

bananaero

Hello, what's the residual and MF for 2015 GC Overland 4x2? 36/39 mo with 15k miles a year?

Thanks!

westside182

Are acquisition fees waived on 4x4 Overlands this month?

njmountaineers

njmountaineers said:

Hey Guys, new to the board have enjoyed reading through some posts and learning along the way.

Currently looking for a new lease on a 2015 Grand Cherokee Limited (MSRP @ 42k) in NJ. After doing some shopping and comparing I was offered $444 (including all taxes and fees) with $0 down for a 39 month lease term with 15k miles per year. I do not have any of the residual or money factor numbers that were used to get me to this price. I am looking to get that information this week. What do you guys think about this offer? Seems pretty damn good to me.

I guess it should be noted that I am exiting my current 2013 Jeep Laredo lease 2 months early at $365 per month. It seems like they are going to buyout the car and sell it on their used lot.

Wanted to share my experience with the group and get some feedback.

Thanks!!

Got the numbers and figured I would share;

MSRP $42,400

After rebates ($7000), trade in ($800) and my company discount, it brought the total cap cost down to $33,520.

Unclear of the MF used in this quote, it's not easily pinpointed within the worksheet.

Hope this is more clear, would appreciate some feedback.

Thanks!

jsbeach209

Looking to Lease a 2015 Jeep SRT in Pa. I know the MF and residual last month for 36/12 was .00014 / 47% Did the rates for December Change? Or if you know, what is the sweet spot in leasing one of these? Any and all help is appreciated. Thanks

kyfdx

bananaero said:

Hello, what's the residual and MF for 2015 GC Overland 4x2? 36/39 mo with 15k miles a year?

Thanks!

.00039 MF and 45%/42% residual for 36/39 months.

kyfdx

westside182 said:

Are acquisition fees waived on 4x4 Overlands this month?

Yes... on all Grand Cherokee leases through Chrysler Capital up to 42 months.

kyfdx

jsbeach209 said:

Looking to Lease a 2015 Jeep SRT in Pa. I know the MF and residual last month for 36/12 was .00014 / 47% Did the rates for December Change? Or if you know, what is the sweet spot in leasing one of these? Any and all help is appreciated. Thanks

Same rates this month.

.00003 MF and 42% residual for 42 months, if you are willing to go that long.

bp2015

Can you please provide MF and residual for a JGC Altitude 4X2 in south FL 36/12k. Thanks.

kyfdx

bp2015 said:

Can you please provide MF and residual for a JGC Altitude 4X2 in south FL 36/12k. Thanks.

.00028 MF and 47% residual

john420

Looking for MF & Residual for 2015 GC Altitude 4x4 in NJ 36m 7,500 miles and 10K miles?
Also GC Limited 4x4 in NJ 36m 7,500 miles & 10K miles
Thanks

joe3d

Can someone please provide the current lease terms for a2015 JGC Limited - 4x4, V6 12k/36mos and 12k/39mos?
Also, are there any special incentives and/or examples of recent purchases not leases? Or if you can direct me to that Q&A section. Thanks