I also have a question on a lease that seems too good to be true and I'm trying to figure out if I am missing a piece
The offer is for a 2015 Jeep Grand Cherokee Laredo SUV 4x4. Below are the terms of the lease:
Payment: $252/month Term: 36 months Down payment: $2,000 MSRP: $32,990 Incentives:$3000 (Special financing and bonus cash) Adjusted Cap Cost:$28,242 ($252 in other fees)
What I can't figure out is the money factor or residual %. I also can't figure out how the monthly payment is quite that low!
I also have a question on a lease that seems too good to be true and I'm trying to figure out if I am missing a piece
The offer is for a 2015 Jeep Grand Cherokee Laredo SUV 4x4. Below are the terms of the lease:
Payment: $252/month Term: 36 months Down payment: $2,000 MSRP: $32,990 Incentives:$3000 (Special financing and bonus cash) Adjusted Cap Cost:$28,242 ($252 in other fees)
What I can't figure out is the money factor or residual %. I also can't figure out how the monthly payment is quite that low!
I appreciate any feedback. Thanks!
.00005 MF and 50% residual for 36mo, 10K/yr.
That CAP cost seems kind of high, unless the dealer isn't give you any discount at all on the vehicle, other than the factory incentive. At that CAP cost, it's $329/mo.+tax. I don't think you have all the numbers..
Can you please tell me the MF and Residual on the 2015 GC Overland 4x4 with Advanced Technology Group and 19 Harman Kardon Speakers package. 36month/ 10K.
Also, 2015 GC LTD 4x4 with Luxuary Group II, Advanced Technology Group, 20 Inch Rims, 36month / 10k.
Can you please tell me the MF and Residual on the 2015 GC Overland 4x4 with Advanced Technology Group and 19 Harman Kardon Speakers package. 36month/ 10K.
Also, 2015 GC LTD 4x4 with Luxuary Group II, Advanced Technology Group, 20 Inch Rims, 36month / 10k.
Can you please tell me the MF and Residual on the 2015 GC Overland 4x4 with Advanced Technology Group and 19 Harman Kardon Speakers package. 36month/ 10K.
Also, 2015 GC LTD 4x4 with Luxuary Group II, Advanced Technology Group, 20 Inch Rims, 36month / 10k.
Can you please tell me the MF and Residual on the 2015 GC Overland 4x4 with Advanced Technology Group and 19 Harman Kardon Speakers package. 36month/ 10K.
Also, 2015 GC LTD 4x4 with Luxuary Group II, Advanced Technology Group, 20 Inch Rims, 36month / 10k.
Also is 36 month the best deal they have out now?
Those exact numbers are in the post above yours.
36 months is the best term.
Sorry the ones above are for the 2016 model. Are 2015 the same MF and Residuals?
Can you please tell me the MF and Residual on the 2015 GC Overland 4x4 with Advanced Technology Group and 19 Harman Kardon Speakers package. 36month/ 10K.
Also, 2015 GC LTD 4x4 with Luxuary Group II, Advanced Technology Group, 20 Inch Rims, 36month / 10k.
Also is 36 month the best deal they have out now?
Those exact numbers are in the post above yours.
36 months is the best term.
Sorry the ones above are for the 2016 model. Are 2015 the same MF and Residuals?
Good catch.. shame on them for posting in the wrong discussion (and me, for not catching it).
2015: Limited: .00023 MF and 51% residual Overland: .00004 MF and 49% residual
Hey guys, I have a lease ending in May. I am returning a 2014 Overland (no tech) and my dealer is offering me a 2015 Overland High Altitude edition for $495/month, 0 down. Only require to pay first month payment of $495. Taxes, titles, registration all included as well as absorbing last 3 payments. Too good to be true? We didn't get into all the details in regards to residual, MF, etc but since that is posted here I figure don't really need it. Curious if there is anything I need to be watching out for before signing. Let me know. Hope to make deal this weekend.
Hey guys, I have a lease ending in May. I am returning a 2014 Overland (no tech) and my dealer is offering me a 2015 Overland High Altitude edition for $495/month, 0 down. Only require to pay first month payment of $495. Taxes, titles, registration all included as well as absorbing last 3 payments. Too good to be true? We didn't get into all the details in regards to residual, MF, etc but since that is posted here I figure don't really need it. Curious if there is anything I need to be watching out for before signing. Let me know. Hope to make deal this weekend.
Make sure it's a true pull-ahead program, with the same leasing bank they are using for the new vehicle. Don't let them cut you a check for the payments and leave you to turn in the vehicle and deal with possible lease-end charges.
Hey guys, I have a lease ending in May. I am returning a 2014 Overland (no tech) and my dealer is offering me a 2015 Overland High Altitude edition for $495/month, 0 down. Only require to pay first month payment of $495. Taxes, titles, registration all included as well as absorbing last 3 payments. Too good to be true? We didn't get into all the details in regards to residual, MF, etc but since that is posted here I figure don't really need it. Curious if there is anything I need to be watching out for before signing. Let me know. Hope to make deal this weekend.
Make sure it's a true pull-ahead program, with the same leasing bank they are using for the new vehicle. Don't let them cut you a check for the payments and leave you to turn in the vehicle and deal with possible lease-end charges.
^good advice. Also, I strongly suggest you do your due diligence. What is msrp, dealer discount, incentive cash, money factor, residual, leasing entity (Chrysler/Ally/etc.) and dealer fees. Then you can make a judgement a solid judgement. I'm curious, is this a 2wd or 4wd model?
Thanks for the quick responses. I will definitely make sure that they are 100% dealing with the turn in on the vehicle. This is the same dealer I bought the 2014 from so I assume so but will indeed double check. In regards to the rest of the info, this is indeed a 4wd model. The MSRP on this is $50,085. Right now they are advertising it for $43,585 on their website. Not sure if they is the final price or if they are discounting it some more for me. I am planning on heading down there this afternoon to get all the details and possibly sign if all legit.
Thanks for the quick responses. I will definitely make sure that they are 100% dealing with the turn in on the vehicle. This is the same dealer I bought the 2014 from so I assume so but will indeed double check. In regards to the rest of the info, this is indeed a 4wd model. The MSRP on this is $50,085. Right now they are advertising it for $43,585 on their website. Not sure if they is the final price or if they are discounting it some more for me. I am planning on heading down there this afternoon to get all the details and possibly sign if all legit.
Please give us the details once you get them from the dealership.
Ok, well I signed the papers and pick up the car tomorrow. I think this was a good deal as it's more of a car and paying less than what I was for the 2014 Overland. Let me know what you think, here are the numbers:
Massachusetts
Ally Bank/Leasing
36 months, 12k miles
MSRP - $50,0850 Initial cap cost - $48785.03 (includes all registration fees) Adjusted cap cost - $37106.83 (-11,678.20) Residual - $26545.05 Amount due at start - $495
Base monthly - $465.88 Total Monthly (6.25% tax) - $495
Again, they are taking the 2014 with 3 payments left. I triple confirmed that there is no disposition fee or anything else out of pocket when turning in the car.
Hi, looking to go to a Westchester, NY dealer this Saturday informed with what I should expect to pay. Any help appreciated.
I'm looking at a 2015 Overland 4x4 High Altitude with Rear Ent. MSRP is $52080. Dealer website says $3124 discount, bringing it to $48956. Jeep website says $3000 Lease/Bonus cash. That brings it down to $45956.
From there, what would be a good/great lease price to aim for with 10K/yr, 36 mo. Also, what would the MF and Residual be for this vehicle? Thanks
Hi, looking to go to a Westchester, NY dealer this Saturday informed with what I should expect to pay. Any help appreciated.
I'm looking at a 2015 Overland 4x4 High Altitude with Rear Ent. MSRP is $52080. Dealer website says $3124 discount, bringing it to $48956. Jeep website says $3000 Lease/Bonus cash. That brings it down to $45956.
From there, what would be a good/great lease price to aim for with 10K/yr, 36 mo. Also, what would the MF and Residual be for this vehicle? Thanks
Overland 4x4 - .00005 and 49% for 36/10.
We don't track selling prices - use the 'make / model / year' pull downs at the top of the page to link to the price tools.
Posted this on the wrong board a moment ago. Looking for MF and residual for 2015 Grand Cherokee Overland 4x2 36 mo lease, for 10K, 12K, and 15K. Hoping to take advantage of great deal this weekend. I live in TX. Thanks!
Posted this on the wrong board a moment ago. Looking for MF and residual for 2015 Grand Cherokee Overland 4x2 36 mo lease, for 10K, 12K, and 15K. Hoping to take advantage of great deal this weekend. I live in TX. Thanks!
.00022 and 45% for 36/15. Add 2% for 12K and 3% for 10K
Posted this on the wrong board a moment ago. Looking for MF and residual for 2015 Grand Cherokee Overland 4x2 36 mo lease, for 10K, 12K, and 15K. Hoping to take advantage of great deal this weekend. I live in TX. Thanks!
.00022 and 45% for 36/15. Add 2% for 12K and 3% for 10K
Thanks! Is the MF you posted the final number, or is there room to negotiate with good credit? Same for residual--is there negotiation room, or does Chrysler Financial (or whoever does the lease) consider that firm?
Posted this on the wrong board a moment ago. Looking for MF and residual for 2015 Grand Cherokee Overland 4x2 36 mo lease, for 10K, 12K, and 15K. Hoping to take advantage of great deal this weekend. I live in TX. Thanks!
.00022 and 45% for 36/15. Add 2% for 12K and 3% for 10K
Thanks! Is the MF you posted the final number, or is there room to negotiate with good credit? Same for residual--is there negotiation room, or does Chrysler Financial (or whoever does the lease) consider that firm?
Residual is fixed by the bank and cannot be modified; MF is for top tier credit and can't go any lower than that.
Great look but what is the Money factors and residuals for a 4x4 Altitude and its provide 12K miles in Connecticut area.? Also, do you think it will be desire full for all.
Great look but what is the Money factors and residuals for a 4x4 Altitude and its provide 12K miles in Connecticut area.? Also, do you think it will be desire full for all.
I'm in Alexandria, VA, I have been quoted the following on a 2015 JGC Limited - Lux II, Nav, Trailer IV, Blind Spot w MSRP of $46,200 (inc destination)
Buy - $40,852 (inc $1,000 FCA incentives)
Lease (First month only @ signing)
Ally
Net Cap Cost - $37,795 Gross Cap Cost - $42,401 inc tax, title & dealer fee MF equivalent to 7.75% 3yr/12k $573 - Residual $25,410 3yr/15k $551 - Residual $24,486
Chrysler
Net Cap Cost - $40,853 Gross Cap Cost - $41,906 MF .00065 3yr/15k $552 - Residual $22,176 3yr/12k $527 - Residual $23,100
I'm in Alexandria, VA, I have been quoted the following on a 2015 JGC Limited - Lux II, Nav, Trailer IV, Blind Spot w MSRP of $46,200 (inc destination)
Buy - $40,852 (inc $1,000 FCA incentives)
Lease (First month only @ signing)
Ally
Net Cap Cost - $37,795 Gross Cap Cost - $42,401 inc tax, title & dealer fee MF equivalent to 7.75% 3yr/12k $573 - Residual $25,410 3yr/15k $551 - Residual $24,486
Chrysler
Net Cap Cost - $40,853 Gross Cap Cost - $41,906 MF .00065 3yr/15k $552 - Residual $22,176 3yr/12k $527 - Residual $23,100
Thoughts?
Thanks in advance!
The MF on the Chrysler lease is marked up the max, so the payment could be even lower. We don't have ally numbers to confirm.
andymsn, I would recommend staying with Chrysler financial as ally can nickel and dime you at the end of the lease especially for wear and tear and even tires. I would find the invoice on your vehicle using this site. There is cash available if you use Chrysler financial and subtract this from the invoice price. Work your way up from this. If you build your bank fee and dealer fee(or equivalent fee) into the price you add this on to your adjusted cap cost. Chrysler and ally will have different residuals and money factors.
Thank you for taking the time to reply. Members like you have made this site a go-to place for me for....well, more years than perhaps I'd like to admit! One sales manager I was dealing with was playing a bit of cat and mouse, but I happened to be near the dealership today so I thought I'd stop in and ask for the screen print. Lo and behold, a different sales manager was willing to give it to me. I was concerned that they were basing the price on something different than the "buy" deal we had discussed, and now I"m seeing that it's the same so that helps me understand it better (in my line of work I need to see things "on paper" before I'll agree to anything!
I'll take your advice about Ally and avoid them. So, that leaves me with the following:
MSRP $46,200
Buy Deal Invoice - $44,253 Dealer Discount - $3,000 FCA Incentive - $1,000 Vehicle Price = $40,253 Dealer Processing Fee + $599 (brutal in VA, just brutal) Total = $40,852 + T&T
andymsn, In most states you can not get around the dealer fee. When I figure out my lease I take this into consideration as extra profit that is being added on to the deal. I also watch to make sure the bank fee and the money factor are not increased. The disposition fee is lease return fee and it should not be included in the price. same goes for purchase option fee.
Just wanted to say thanks for all the help, I picked up my new 2015 JGC Limited ecodiesel yesterday. This was my first time leasing and with your help it went as smooth as I could ask. The dealer was great and I eneded up getting $7700 off the $49905 MSRP after rebates and dealer discount.
Just wanted to say thanks for all the help, I picked up my new 2015 JGC Limited ecodiesel yesterday. This was my first time leasing and with your help it went as smooth as I could ask. The dealer was great and I eneded up getting $7700 off the $49905 MSRP after rebates and dealer discount.
Just wanted to say thanks for all the help, I picked up my new 2015 JGC Limited ecodiesel yesterday. This was my first time leasing and with your help it went as smooth as I could ask. The dealer was great and I eneded up getting $7700 off the $49905 MSRP after rebates and dealer discount.
Congrats on the new Jeep! Well done! What's your payment?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Comments
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The offer is for a 2015 Jeep Grand Cherokee Laredo SUV 4x4. Below are the terms of the lease:
Payment: $252/month
Term: 36 months
Down payment: $2,000
MSRP: $32,990
Incentives:$3000 (Special financing and bonus cash)
Adjusted Cap Cost:$28,242 ($252 in other fees)
What I can't figure out is the money factor or residual %. I also can't figure out how the monthly payment is quite that low!
I appreciate any feedback.
Thanks!
That CAP cost seems kind of high, unless the dealer isn't give you any discount at all on the vehicle, other than the factory incentive. At that CAP cost, it's $329/mo.+tax. I don't think you have all the numbers..
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MF of .000610 and Residual of 45% ?
Factory Cash Incentives of 2500 Cash ?
No Acquisition fee ?
Thank you!
No acquisition fee..
No incentive info
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Confirmation on available rebates would be appreciated as well. Currently leasing 2014 GC.
Thank you!
Overland: .00005 MF and 51% residual for 36/10
No rebate info.
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Thanks for the info! Hopefully the $2500 lease cash mentioned in a few posts is applicable.
Also, 2015 GC LTD 4x4 with Luxuary Group II, Advanced Technology Group, 20 Inch Rims, 36month / 10k.
Also is 36 month the best deal they have out now?
36 months is the best term.
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2015:
Limited: .00023 MF and 51% residual
Overland: .00004 MF and 49% residual
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Massachusetts
Ally Bank/Leasing
36 months, 12k miles
MSRP - $50,0850
Initial cap cost - $48785.03 (includes all registration fees)
Adjusted cap cost - $37106.83 (-11,678.20)
Residual - $26545.05
Amount due at start - $495
Base monthly - $465.88
Total Monthly (6.25% tax) - $495
Again, they are taking the 2014 with 3 payments left. I triple confirmed that there is no disposition fee or anything else out of pocket when turning in the car.
http://forums.edmunds.com/discussion/38729/jeep/grand-cherokee/2016-jeep-grand-cherokee-lease-questions?new=1
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm looking at a 2015 Overland 4x4 High Altitude with Rear Ent. MSRP is $52080. Dealer website says $3124 discount, bringing it to $48956. Jeep website says $3000 Lease/Bonus cash. That brings it down to $45956.
From there, what would be a good/great lease price to aim for with 10K/yr, 36 mo. Also, what would the MF and Residual be for this vehicle? Thanks
We don't track selling prices - use the 'make / model / year' pull downs at the top of the page to link to the price tools.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Buy - $40,852 (inc $1,000 FCA incentives)
Lease (First month only @ signing)
Ally
Net Cap Cost - $37,795
Gross Cap Cost - $42,401 inc tax, title & dealer fee
MF equivalent to 7.75%
3yr/12k $573 - Residual $25,410
3yr/15k $551 - Residual $24,486
Chrysler
Net Cap Cost - $40,853
Gross Cap Cost - $41,906
MF .00065
3yr/15k $552 - Residual $22,176
3yr/12k $527 - Residual $23,100
Thoughts?
Thanks in advance!
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I would recommend staying with Chrysler financial as ally can nickel and dime you at the end of the lease especially for wear and tear and even tires. I would find the invoice on your vehicle using this site. There is cash available if you use Chrysler financial and subtract this from the invoice price. Work your way up from this. If you build your bank fee and dealer fee(or equivalent fee) into the price you add this on to your adjusted cap cost. Chrysler and ally will have different residuals and money factors.
Thank you for taking the time to reply. Members like you have made this site a go-to place for me for....well, more years than perhaps I'd like to admit! One sales manager I was dealing with was playing a bit of cat and mouse, but I happened to be near the dealership today so I thought I'd stop in and ask for the screen print. Lo and behold, a different sales manager was willing to give it to me. I was concerned that they were basing the price on something different than the "buy" deal we had discussed, and now I"m seeing that it's the same so that helps me understand it better (in my line of work I need to see things "on paper" before I'll agree to anything!
I'll take your advice about Ally and avoid them. So, that leaves me with the following:
MSRP $46,200
Buy Deal
Invoice - $44,253
Dealer Discount - $3,000
FCA Incentive - $1,000
Vehicle Price = $40,253
Dealer Processing Fee + $599 (brutal in VA, just brutal)
Total = $40,852 + T&T
Lease Deal (3yr/15k w 50% Residual = $23,100, MF .00065 Pymt $527/mo)
Invoice - $44,253
Dealer Discount $3,000
FCA Incentive $3,000
Vehicle Price $38,253
Dealer Processing Fee + $599
The print-out notes a "Disposition Fee" of $395 and a "Purchase Option Fee" of $350, and they seem to be included in the price.
Total = $38,852 + DF & PO Fees, T&T
In most states you can not get around the dealer fee. When I figure out my lease I take this into consideration as extra profit that is being added on to the deal. I also watch to make sure the bank fee and the money factor are not increased. The disposition fee is lease return fee and it should not be included in the price. same goes for purchase option fee.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD