2016 Jeep Grand Cherokee Lease Questions

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  • joee298joee298 Member Posts: 4
    Hi,

    Thanks for all the help over here. I'm looking at a Maryland, 36 month 12/yr Lease for a Jeep GC Limited 4x4 -

    MSRP = $42450
    Price offered after discounts - $37150

    I'm getting MF of .000128 and haven't yet had a chance to look at the residuals. My calculations show a $387 monthly payment (pre-tax and pre-delivery/processing charges) based on the provided MF and a $2500 down-payment. Is this accurate and if so is this a reasonable price?
  • MichaellMichaell Moderator Posts: 265,296
    joee298 said:

    Hi,

    Thanks for all the help over here. I'm looking at a Maryland, 36 month 12/yr Lease for a Jeep GC Limited 4x4 -

    MSRP = $42450
    Price offered after discounts - $37150

    I'm getting MF of .000128 and haven't yet had a chance to look at the residuals. My calculations show a $387 monthly payment (pre-tax and pre-delivery/processing charges) based on the provided MF and a $2500 down-payment. Is this accurate and if so is this a reasonable price?

    .00082 and 55% are the 36/12 numbers from Chrysler Finance.

    With your prices, I get $433/mo before tax.

    Confirm the adjusted cap cost, amount due at signing and whether this is a Chrysler sourced lease.

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  • joee298joee298 Member Posts: 4
    Is the $433 a month (pre-tax) with the $2500 down payment?
  • MichaellMichaell Moderator Posts: 265,296
    joee298 said:

    Is the $433 a month (pre-tax) with the $2500 down payment?

    I simply used the numbers you provided. I assumed the $2500 went to up front costs and that your selling price is the cap cost.

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  • joee298joee298 Member Posts: 4
    Thanks!. I guess I'll have to negotiate with the MF they are using. Two dealers in my area have offered me the exact factor - .00126. I actually did not factor in the $2500 into the sales price but I guess the cap cost would come down further if I decided to put that much down.
  • MichaellMichaell Moderator Posts: 265,296
    joee298 said:

    Thanks!. I guess I'll have to negotiate with the MF they are using. Two dealers in my area have offered me the exact factor - .00126. I actually did not factor in the $2500 into the sales price but I guess the cap cost would come down further if I decided to put that much down.

    The dealer can mark up the MF on Chrysler Capital funded leases by .00042.

    Ask the dealers what bank they are using. It's possible they are using a 3rd party bank - we don't have those numbers, but they often come with bigger rebates to bring the price down.

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  • joee298joee298 Member Posts: 4
    Thank you Michaell for helping me figure this out. Your calculations were spot on. Went in to a different dealer last night and he offered the fair MF (0.00082) instead of the higher percentage that was being offered by others in my area. Since he had a different car the MSRP went up to $42700 and the negotiated price to $37278 for the Limited 4x4 with 23H and Nav. I paid only taxes, title/registration and processing charges (you take a big hit in MD with taxes, even on a lease) and the monthly payment for 12K/yr - 3 years comes in at $432.65.
  • kyfdxkyfdx Moderator Posts: 268,098
    joee298 said:

    Thank you Michaell for helping me figure this out. Your calculations were spot on. Went in to a different dealer last night and he offered the fair MF (0.00082) instead of the higher percentage that was being offered by others in my area. Since he had a different car the MSRP went up to $42700 and the negotiated price to $37278 for the Limited 4x4 with 23H and Nav. I paid only taxes, title/registration and processing charges (you take a big hit in MD with taxes, even on a lease) and the monthly payment for 12K/yr - 3 years comes in at $432.65.

    Congrats on the new Jeep!

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  • hillestadkhillestadk Member Posts: 88
    Looking for residual and MF and any lease cash available for a Grand Cherokee Overland/High Altitude 24/15 and 36/15 in South Florida
  • eoseireeoseire Member Posts: 149
    Hi, can you provide the MF and Residual for a 2016 GRAND CHEROKEE LIMITED 4X2 in SF, CA?
    36 months/15K please. Thank you!
  • MichaellMichaell Moderator Posts: 265,296
    hillestadk said:

    Looking for residual and MF and any lease cash available for a Grand Cherokee Overland/High Altitude 24/15 and 36/15 in South Florida

    4x4 or 4x2?

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  • MichaellMichaell Moderator Posts: 265,296
    eoseire said:

    Hi, can you provide the MF and Residual for a 2016 GRAND CHEROKEE LIMITED 4X2 in SF, CA?
    36 months/15K please. Thank you!

    .00061 and 50%

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  • regs213regs213 Member Posts: 18
    Hello, can you provide the MF and residual for a Grand Cherokee Limited 4x4 36 months 12k and 15k miles in IL? Thank you!!!
  • carmaster1carmaster1 Member Posts: 68
    Hello, can you provide MF and residual for 16 overland high altitude 2wd and 4wd for 36/12 and 36/15 in Texas? Thanks
  • hillestadkhillestadk Member Posts: 88
    Michaell said:

    hillestadk said:

    Looking for residual and MF and any lease cash available for a Grand Cherokee Overland/High Altitude 24/15 and 36/15 in South Florida

    4x4 or 4x2?
    4x2 Thanks
  • MichaellMichaell Moderator Posts: 265,296
    regs213 said:

    Hello, can you provide the MF and residual for a Grand Cherokee Limited 4x4 36 months 12k and 15k miles in IL? Thank you!!!

    .00082 and 55% or 53%

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  • MichaellMichaell Moderator Posts: 265,296
    carmaster1 said:

    Hello, can you provide MF and residual for 16 overland high altitude 2wd and 4wd for 36/12 and 36/15 in Texas? Thanks

    36/15
    4x4 .00053 and 51%
    4x2 .00061 and 49%

    Add 2% for 12k

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  • MichaellMichaell Moderator Posts: 265,296
    hillestadk said:

    Michaell said:

    hillestadk said:

    Looking for residual and MF and any lease cash available for a Grand Cherokee Overland/High Altitude 24/15 and 36/15 in South Florida

    4x4 or 4x2?
    4x2 Thanks
    Same numbers for both trims
    24/15 .00002 and 55%
    36/15 .00061 and 49%

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  • eoseireeoseire Member Posts: 149
    Hi,

    Can you provide the MF and Residual for a

    2016 GRAND CHEROKEE Laredo 4X2
    2016 GRAND CHEROKEE Laredo 4X4
    2016 GRAND CHEROKEE 75th Anniversary 4X2
    2016 GRAND CHEROKEE 75th Anniversary 4X4

    in SF, CA?
    36 months/15K please. Thank you!
  • MichaellMichaell Moderator Posts: 265,296
    eoseire said:

    Hi,

    Can you provide the MF and Residual for a

    2016 GRAND CHEROKEE Laredo 4X2
    2016 GRAND CHEROKEE Laredo 4X4
    2016 GRAND CHEROKEE 75th Anniversary 4X2
    2016 GRAND CHEROKEE 75th Anniversary 4X4

    in SF, CA?
    36 months/15K please. Thank you!

    4x4 .00086 and 53% both trims

    4x2
    LAR .00085 and 51%
    75 .00061 and 50%

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  • l_p_v_99l_p_v_99 Member Posts: 4
    Hi there,
    Can I get MF and Residual for 2016 GC and a 2015 GC in Washington DC. 36months, 12k.
    Thank you in advance!
  • MichaellMichaell Moderator Posts: 265,296
    l_p_v_99 said:

    Hi there,
    Can I get MF and Residual for 2016 GC and a 2015 GC in Washington DC. 36months, 12k.
    Thank you in advance!

    No 2015 lease numbers

    What trim level? 4x4 or 4x2?

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  • l_p_v_99l_p_v_99 Member Posts: 4
    Michaell said:

    l_p_v_99 said:

    Hi there,
    Can I get MF and Residual for 2016 GC and a 2015 GC in Washington DC. 36months, 12k.
    Thank you in advance!

    No 2015 lease numbers

    What trim level? 4x4 or 4x2?
    4x4
  • kyfdxkyfdx Moderator Posts: 268,098
    l_p_v_99 said:

    Michaell said:

    l_p_v_99 said:

    Hi there,
    Can I get MF and Residual for 2016 GC and a 2015 GC in Washington DC. 36months, 12k.
    Thank you in advance!

    No 2015 lease numbers

    What trim level? 4x4 or 4x2?
    4x4
    Okay... what trim? (about 7 choices)

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  • jsbeach209jsbeach209 Member Posts: 25
    Hi, May I have Money factor and Residual on a 2016 Jeep Grand Cherokee SRT Night edition. 27/15k /36/15k in Pa. Thanks in advance.
  • l_p_v_99l_p_v_99 Member Posts: 4
    kyfdx said:

    l_p_v_99 said:

    Michaell said:

    l_p_v_99 said:

    Hi there,
    Can I get MF and Residual for 2016 GC and a 2015 GC in Washington DC. 36months, 12k.
    Thank you in advance!

    No 2015 lease numbers

    What trim level? 4x4 or 4x2?
    4x4
    Okay... what trim? (about 7 choices)
    Man I made this way more difficult than it needed to be, huh? Sorry about that. Let's try this again...

    2016 Jeep Grand Cherokee 4x4
    Washington DC
    36 month, 12k miles
    Limited & Limited 75th Anniversary

    Thanks!
  • MichaellMichaell Moderator Posts: 265,296
    jsbeach209 said:

    Hi, May I have Money factor and Residual on a 2016 Jeep Grand Cherokee SRT Night edition. 27/15k /36/15k in Pa. Thanks in advance.

    27/15 - .00037 and 52%
    36/15 - .00089 and 49%

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  • MichaellMichaell Moderator Posts: 265,296
    l_p_v_99 said:

    kyfdx said:

    l_p_v_99 said:

    Michaell said:

    l_p_v_99 said:

    Hi there,
    Can I get MF and Residual for 2016 GC and a 2015 GC in Washington DC. 36months, 12k.
    Thank you in advance!

    No 2015 lease numbers

    What trim level? 4x4 or 4x2?
    4x4
    Okay... what trim? (about 7 choices)
    Man I made this way more difficult than it needed to be, huh? Sorry about that. Let's try this again...

    2016 Jeep Grand Cherokee 4x4
    Washington DC
    36 month, 12k miles
    Limited & Limited 75th Anniversary

    Thanks!
    Now we can answer your questions. :sunglasses:

    .00082 and 55% for both trims.

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  • mvpsquaredmvpsquared Member Posts: 31
    Hello, can you provide the MF and residual for a 2016 Grand Cherokee Limited and 75th limited 4x2 36 months 12k and 15k miles in AZ? Thank you!!!
  • MichaellMichaell Moderator Posts: 265,296
    mvpsquared said:

    Hello, can you provide the MF and residual for a 2016 Grand Cherokee Limited and 75th limited 4x2 36 months 12k and 15k miles in AZ? Thank you!!!

    .00082 and 53% for 36/15. Add 2% for 12K

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  • tbbuctbbuc Member Posts: 24
    Looking for lease values (MF and Residuals) for a 2016 Grand Cherokee Limited 75th, 4x4, for either 10k or 12k in Georgia. Thanks.
  • MichaellMichaell Moderator Posts: 265,296
    tbbuc said:

    Looking for lease values (MF and Residuals) for a 2016 Grand Cherokee Limited 75th, 4x4, for either 10k or 12k in Georgia. Thanks.

    .00082 and 56% / 55%

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  • tbbuctbbuc Member Posts: 24
    what about 2016 GC overland 4x4 10k and 12k? Same as 75th limited? Thanks!
  • mrmilzomrmilzo Member Posts: 11
    Hello! Can you tell me the MF & RV for a 2016 GC Limited 4x4 in Cleveland Oh 36/12 please.
  • mrmilzomrmilzo Member Posts: 11
    mrmilzo said:

    Hello! Can you tell me the MF & RV for a 2016 GC Limited 4x4 in Cleveland Oh 36/12 please.

    And 42/12 please. Thank you!
  • kyfdxkyfdx Moderator Posts: 268,098
    tbbuc said:

    what about 2016 GC overland 4x4 10k and 12k? Same as 75th limited? Thanks!

    .00053 MF and 54%/53% residual

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  • kyfdxkyfdx Moderator Posts: 268,098
    mrmilzo said:

    mrmilzo said:

    Hello! Can you tell me the MF & RV for a 2016 GC Limited 4x4 in Cleveland Oh 36/12 please.

    And 42/12 please. Thank you!
    .00082 MF and 55% residual.
    .00063 MF and 50% residual

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  • tbbuctbbuc Member Posts: 24
    What are numbers for 2016 4x2 GC limited  for 36 or 39 mos at 10 or 12k in GA?  
  • MichaellMichaell Moderator Posts: 265,296
    tbbuc said:

    What are numbers for 2016 4x2 GC limited  for 36 or 39 mos at 10 or 12k in GA?  

    .00082 and 55% for 36/12. Add 1% for 10k

    Subtract 2% for 39 months.

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  • marczami21marczami21 Member Posts: 5
    Hi guys: Looking to lease an 2016 Jeep GC Overland in Southern California. 2016 $50k MSRP. Dealer is quoting me $570/month (includes tax).
    36 months/12k
    53% with 0.00082

    seems like a good deal. anything I'm missing?
  • MichaellMichaell Moderator Posts: 265,296
    marczami21 said:

    Hi guys: Looking to lease an 2016 Jeep GC Overland in Southern California. 2016 $50k MSRP. Dealer is quoting me $570/month (includes tax).
    36 months/12k
    53% with 0.00082

    seems like a good deal. anything I'm missing?

    4x4 or 4x2? Either way, MF is marked up. Just can't tell you the base rate.

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  • marczami21marczami21 Member Posts: 5
    marczami21 said:
    Hi guys: Looking to lease an 2016 Jeep GC Overland in Southern California. 2016 $50k MSRP. Dealer is quoting me $570/month (includes tax).
    36 months/12k
    53% with 0.00082

    seems like a good deal. anything I'm missing?


    4x4
  • marczami21marczami21 Member Posts: 5
    Michaell said:

    marczami21 said:

    Hi guys: Looking to lease an 2016 Jeep GC Overland in Southern California. 2016 $50k MSRP. Dealer is quoting me $570/month (includes tax).
    36 months/12k
    53% with 0.00082

    seems like a good deal. anything I'm missing?

    4x4 or 4x2? Either way, MF is marked up. Just can't tell you the base rate.

    4x4. Base Rate is $44,385
  • MichaellMichaell Moderator Posts: 265,296
    marczami21 said:

    Michaell said:

    marczami21 said:

    Hi guys: Looking to lease an 2016 Jeep GC Overland in Southern California. 2016 $50k MSRP. Dealer is quoting me $570/month (includes tax).
    36 months/12k
    53% with 0.00082

    seems like a good deal. anything I'm missing?

    4x4 or 4x2? Either way, MF is marked up. Just can't tell you the base rate.

    4x4. Base Rate is $44,385
    .00053 and 53%.

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  • marczami21marczami21 Member Posts: 5
    Michaell said:

    marczami21 said:

    Michaell said:

    marczami21 said:

    Hi guys: Looking to lease an 2016 Jeep GC Overland in Southern California. 2016 $50k MSRP. Dealer is quoting me $570/month (includes tax).
    36 months/12k
    53% with 0.00082

    seems like a good deal. anything I'm missing?

    4x4 or 4x2? Either way, MF is marked up. Just can't tell you the base rate.

    4x4. Base Rate is $44,385
    .00053 and 53%.
    thanks
  • mvpsquaredmvpsquared Member Posts: 31
    Hi Michaell, I was curious where do you get the lease rates from? Thank you for your assistance.
  • MichaellMichaell Moderator Posts: 265,296
    mvpsquared said:

    Hi Michaell, I was curious where do you get the lease rates from? Thank you for your assistance.

    That information is confidential. :wink:

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  • mvpsquaredmvpsquared Member Posts: 31
    Thank you for your previous replies! Can you provide MF and Residual for 2016 75th Laredo in AZ? Thanks again!
  • MichaellMichaell Moderator Posts: 265,296
    mvpsquared said:

    Thank you for your previous replies! Can you provide MF and Residual for 2016 75th Laredo in AZ? Thanks again!

    RWD or AWD? Lease term and miles per year?

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  • mvpsquaredmvpsquared Member Posts: 31
    Michaell said:

    mvpsquared said:

    Thank you for your previous replies! Can you provide MF and Residual for 2016 75th Laredo in AZ? Thanks again!

    RWD or AWD? Lease term and miles per year?
    for both RWD and AWD 36mo 12k and 42mo 12k
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