2016 Jeep Cherokee Lease Questions

Michaell

landgk22 said:

Ok thanks! This might be a dumb question but I'm new here, where are you getting the MFs from?

That is confidential ...

chaspav

Was hoping you could give me the money factor and residual % in NJ for both the 2016 Grand Cherokee Limited AWD and the Overland AWD.

It would be for 36 months and 15K miles per. Is 39 months and option at the same residual?

Thanks!

landgk22

Do you have updated MF for 2016 Trailhawk for 36/15K?

Still a little confused because I had 3 different dealers give me MF of .0011 last month, well above what you were saying, and it wasn't due to credit (great credit and they hadn't run it yet). Is it odd that 3 separate dealers would all quote me the same elevated MF?

kyfdx

We don't have the March program for Chrysler, yet.

Hopefully, soon.

landgk22

Ok thanks! Can you speak to the second part of my question at all?

Michaell

landgk22 said:

Ok thanks! Can you speak to the second part of my question at all?

No explanation as to why all three dealers gave you the same (inflated) MF. Could be a bank different than Chrysler, but you'd have to ask them.

danzini1

Any help with MF and Residual for March Jeep Altitude 4x2 10K, 12K? Thanks in advance!

danzini1

Any rebates or incentives for March? THanks again!

danzini1

danzini1 said:

Any help with MF and Residual for March Jeep Altitude 4x2 10K, 12K? Thanks in advance!

Sorry for the questions in pieces, I can't figure out how to edit. Are the numbers different for the limited?

danzini1

danzini1 said:

danzini1 said:

Any help with MF and Residual for March Jeep Altitude 4x2 10K, 12K? Thanks in advance!

Sorry for the questions in pieces, I can't figure out how to edit. Are the numbers different for the limited?

36 months 10K/12K 4x2 Altitude and Limited Sorry for another added question

kyfdx

danzini1 said:

danzini1 said:

danzini1 said:

Any help with MF and Residual for March Jeep Altitude 4x2 10K, 12K? Thanks in advance!

Sorry for the questions in pieces, I can't figure out how to edit. Are the numbers different for the limited?

36 months 10K/12K 4x2 Altitude and Limited Sorry for another added question

It's okay.. new websites are often confusing.

Altitude: .00010 MF and 51%/50% residual
Limited: .00017 MF and 53%/52% residual

Don't have any incentive information.

trbchrgd

Could you give me the MF/Residual for 2016 Cherokee Latitude for March?
36 mo/12K 4x2
36 mo/12K 4x4

I have Chrysler affiliates pricing which is 1% under invoice. Would it be better to negotiate the cap cost without the affiliates pricing or do you think 1% invoice already too good?

Thank you!

Michaell

trbchrgd said:

Could you give me the MF/Residual for 2016 Cherokee Latitude for March?
36 mo/12K 4x2
36 mo/12K 4x4

I have Chrysler affiliates pricing which is 1% under invoice. Would it be better to negotiate the cap cost without the affiliates pricing or do you think 1% invoice already too good?

Thank you!

4x4 - .00015 and 52%
4x2 - .00010 and 51%

I suspect you can do better than 1% under invoice on Jeeps at the moment.

chaspav

Was hoping you could give me the money factor and residual % in NJ for both the 2016 Grand Cherokee Limited AWD and the Overland AWD.

It would be for 36 months and 15K miles per. Is 39 months an option at the same residual?

Thanks!

kyfdx

chaspav said:

Was hoping you could give me the money factor and residual % in NJ for both the 2016 Grand Cherokee Limited AWD and the Overland AWD.

It would be for 36 months and 15K miles per. Is 39 months an option at the same residual?

Thanks!

Limited: .00068 MF and 51% residual
Overland: .00025 MF and 49% residual

Subtract 3% for 39 months

nathanjohn314

Hello can I get the MF and Residual for 2016 Cherokee Altitude 4x4 (I assume its same as latitude) and the Trailhawk 4x4 for 24 mo/12k miles? In Michigan.

kyfdx

nathanjohn314 said:

Hello can I get the MF and Residual for 2016 Cherokee Altitude 4x4 (I assume its same as latitude) and the Trailhawk 4x4 for 24 mo/12k miles? In Michigan.

.00017 MF and 63% residual

nathanjohn314

its the same MF and residual for both trailhawk and altitude? and are those numbers for 24mo/12k miles?

Michaell

nathanjohn314 said:

its the same MF and residual for both trailhawk and altitude? and are those numbers for 24mo/12k miles?

Numbers above are for the Latitude Altitude.

24/12 on the Trailhawk - .00016 and 60%

nathanjohn314

thank you. those numbers are for the 4x4 versions correct?

how much does each change if i only do 10k miles?

could you also include the same numbers for the limited?

Michaell

nathanjohn314 said:

thank you. those numbers are for the 4x4 versions correct?

how much does each change if i only do 10k miles?

could you also include the same numbers for the limited?

Yes, 4x4.

For 24 month leases, add 1% to go from 12K to 10K

Limited 4x4 24/12 - .00001 and 63%

jeepguy18

I am from MA and looking for the numbers on a Latitude 4x4 for 36 months at 12k miles or 10k miles.

also I have read this entire forum and feel like this is that answer you would give as general guidance:

"You want to negotiate the lowest selling price and ensure that the dealer isn't marking up the money factor - that's how you get the best lease payment"

A few weeks ago I was offered a lease with the quoted money factor was .00110, which is much higher than you are generally quoting. Is it reasonable to expect I can get your on a money factory from a dealer? I have an incredible credit score.

As you can tell, I am looking for how to advice on negotiating a lease. Once I have your money factor number, what else should I do? Thank you

Michaell

jeepguy18 said:

I am from MA and looking for the numbers on a Latitude 4x4 for 36 months at 12k miles or 10k miles.

also I have read this entire forum and feel like this is that answer you would give as general guidance:

"You want to negotiate the lowest selling price and ensure that the dealer isn't marking up the money factor - that's how you get the best lease payment"

A few weeks ago I was offered a lease with the quoted money factor was .00110, which is much higher than you are generally quoting. Is it reasonable to expect I can get your on a money factory from a dealer? I have an incredible credit score.

As you can tell, I am looking for how to advice on negotiating a lease. Once I have your money factor number, what else should I do? Thank you

.00015 and 52% for 36/12. Add 1% for 10K

It's possible that your dealer quoted you a rate from a different bank; we only have numbers for Chrysler Financial, but dealers often use Ally or US Bank for their leases. The MF may be higher, but there may also be incentives for those banks that Chrysler doesn't offer.

The only two variables in a lease are the selling price and the MF.

cregets

Hello, I am looking for the numbers on a 2016 4x2 Cherokee Limited. 36mos/12k miles. I'm in Las Vegas, NV.

kyfdx

cregets said:

Hello, I am looking for the numbers on a 2016 4x2 Cherokee Limited. 36mos/12k miles. I'm in Las Vegas, NV.

.00017 MF and 52% residual

mattostke

Good information here, could I trouble you for the numbers on a 2016, 4x4 Cherokee Altitude, 39k/39k, 10k miles. I'm in Virginia.

Michaell

mattostke said:

Good information here, could I trouble you for the numbers on a 2016, 4x4 Cherokee Altitude, 39k/39k, 10k miles. I'm in Virginia.

.00015 and 52% / 48%

muffinman21

Michael what is the mf/residual for a Cherokee Altitude 4x4 Limited, 7,500/year and 10k/year?

kyfdx

muffinman21 said:

Michael what is the mf/residual for a Cherokee Altitude 4x4 Limited, 7,500/year and 10k/year?

We have either Altitude or Limited, but not Altitude Limited.

muffinman21

I meant Limited (I must have been day dreaming about Altitudes... sorry!)

Michaell

muffinman21 said:

Michael what is the mf/residual for a Cherokee Altitude 4x4 Limited, 7,500/year and 10k/year?

muffinman21 said:

I meant Limited (I must have been day dreaming about Altitudes... sorry!)

What lease term?

muffinman21

Michaell said:

muffinman21 said:

Michael what is the mf/residual for a Cherokee Altitude 4x4 Limited, 7,500/year and 10k/year?

muffinman21 said:

I meant Limited (I must have been day dreaming about Altitudes... sorry!)

What lease term?

The following please

2016 Limited 4x4
7,500/year 36 months
7,500/year 39 months
10k/year 36 months
10k/year 39 months

Michaell

muffinman21 said:

Michaell said:

muffinman21 said:

Michael what is the mf/residual for a Cherokee Altitude 4x4 Limited, 7,500/year and 10k/year?

muffinman21 said:

I meant Limited (I must have been day dreaming about Altitudes... sorry!)

What lease term?

The following please

2016 Limited 4x4
7,500/year 36 months
7,500/year 39 months
10k/year 36 months
10k/year 39 months

.00004 and 53% (36/10) or 49% (39/10). Add 1% for 7500 miles.

jrsweeney1

Got a quote today on a lease for a 2016 Jeep Cherokee Limited. Sticker price $36,275. 36 month 10k a year. $1500 down $368/month. Money factor is .001550 residual is 54%. Seems high to me. I'm in Mass. Any help is appreciated. Thank you!

Michaell

jrsweeney1 said:

Got a quote today on a lease for a 2016 Jeep Cherokee Limited. Sticker price $36,275. 36 month 10k a year. $1500 down $368/month. Money factor is .001550 residual is 54%. Seems high to me. I'm in Mass. Any help is appreciated. Thank you!

As noted in the post above yours, the 36/10 numbers for the AWD Limited are .00004 and 53%. Your numbers suggest this is a third party lease.

dant0725

I am in NJ - What is the MF and Residual value for a 2016 Jeep Cherokee Limited 4X4 for 36/12 and 36/10? and what would they be if everything was the same but for it were a Cherokee Latitude?

Does the MF and Residual vary by state?

Much appreciated!

kyfdx

dant0725 said:

I am in NJ - What is the MF and Residual value for a 2016 Jeep Cherokee Limited 4X4 for 36/12 and 36/10? and what would they be if everything was the same but for it were a Cherokee Latitude?

Does the MF and Residual vary by state?

Much appreciated!

Limited: .00004 MF and 52%/53% residual
Latitude: .00015 MF and 52%/53% residual.

There are regions, but as far as we can tell, the Chrysler Capital numbers are the same, nationwide.

dant0725

Thank you Kyfdx! and if those numbers were for 36/12 the residual would go down to 51/52%?

Michaell

dant0725 said:

Thank you Kyfdx! and if those numbers were for 36/12 the residual would go down to 51/52%?

No, the 52% residual is for 36/12, 53% for 36/10.

kyfdx

dant0725 said:

Thank you Kyfdx! and if those numbers were for 36/12 the residual would go down to 51/52%?

The two residuals are for 12K or 10K per year, as you requested

cregets

Are the Trailhawk 4x4 numbers the same as the Limited 4x4 numbers for 36/12? 0.00017MF and 53% Residual?

Michaell

cregets said:

Are the Trailhawk 4x4 numbers the same as the Limited 4x4 numbers for 36/12? 0.00017MF and 53% Residual?

Limited 4x4 - .00004 and 52%
Trailhawk 4x4 - .00016 and 50%

cregets

Did these numbers end April 1st? Or do they go through the 4th like the other programs right now?

pikaru

Do you have numbers for Limited 4x2 in 36117? Looking for 48/12 and 48/15 if possible. Also, any lease cash?

Michaell

cregets said:

Did these numbers end April 1st? Or do they go through the 4th like the other programs right now?

Jeep numbers expire today, 4/4/16.

Michaell

pikaru said:

Do you have numbers for Limited 4x2 in 36117? Looking for 48/12 and 48/15 if possible. Also, any lease cash?

48 month numbers are really bad. 36/15 numbers are .00017 and 50%. Add 2% for 12K

sporty10

Hi
I got a quote today in Miami Florida on a 2016 Jeep Cherokee Limited 2.4L FWD
36/12k
MSRP: $33720
Adj Cap Cost: $27962
Res: 53%
MF: 0.00003
Total out of pocket:$1000 (includes first pmt & tag transfer)
Pmt: $282 + tax

I think it's a good deal but your advice would be appreciated.
Many thanks

ejosh87

Any updated numbers for Cherokee and Grand Cherokee Limited and Latitude FWD? 36/12 and 36/10

kyfdx

sporty10 said:

Hi
I got a quote today in Miami Florida on a 2016 Jeep Cherokee Limited 2.4L FWD
36/12k
MSRP: $33720
Adj Cap Cost: $27962
Res: 53%
MF: 0.00003
Total out of pocket:$1000 (includes first pmt & tag transfer)
Pmt: $282 + tax

I think it's a good deal but your advice would be appreciated.
Many thanks

I agree with all of the numbers. Looks really good.

kyfdx

ejosh87 said:

Any updated numbers for Cherokee and Grand Cherokee Limited and Latitude FWD? 36/12 and 36/10

LTD: .00003 MF and 56%/57% residual
Latitude: .00010 MF and 56%/57% residual.

Ask your Grand Cherokee questions, here:
http://forums.edmunds.com/discussion/38729/jeep/grand-cherokee/2016-jeep-grand-cherokee-lease-questions#latest