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2016 Jeep Grand Cherokee Lease Questions

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Comments

  • MichaellMichaell ColoradoPosts: 124,589

    Michaell said:

    Deal not looking likely for May here - interested in June RV and MF for 36/15K Overland and Summit when available - thank you.

    Hopefully available in the next day or two.
    Any news?
    4x4?

    Overland - .00037 and 52%
    Summit - .00109 and 52%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • nola222nola222 Posts: 37
    36/12 & 36/15 numbers for 16 Limited 75th Anniversary 4X2 for TX please. Also, what does Chrysler Cap charge for acquisition fee typically?
  • aoreilly88aoreilly88 Posts: 32
    Can I get the MF + Residules for 24/10k, 36/10k and 39/10k for Jeep GC Laredo and Limited 4WD. Thanks alot
  • kyfdxkyfdx Posts: 130,860
    nola222 said:

    36/12 & 36/15 numbers for 16 Limited 75th Anniversary 4X2 for TX please. Also, what does Chrysler Cap charge for acquisition fee typically?

    .00059 MF and 54%/52% residual.

    $595 acquisition fee

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 130,860

    Can I get the MF + Residules for 24/10k, 36/10k and 39/10k for Jeep GC Laredo and Limited 4WD. Thanks alot

    Laredo:
    .00047 MF for 24 months
    .00090 MF for 36/39 months
    Limited:
    .00045 MF for 24 months
    .00089 MF for 36/39 months

    Residuals are 62%/58%/56% for either model.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • ktf2811ktf2811 Posts: 7
    Hey Guys. I'm looking at a 2016 Jeep Grand Cherokee Overland 4x4 24/10 and 36/10. Can you please provide the MF and Residual for June. Also, is it better to roll taxes etc. into a lease or pay them up front in NYC? I apologize, as I am new to leasing. Thanks a million in advance. 
  • nola222nola222 Posts: 37
    General question, I know Chrysler Cap has a acquisition fee - but do they typically charge a security deposit for tier 1 credit? My dealer is saying they do and I did a Jeep lease a little over a year ago with Chrysler capital and there was never a security deposit.
  • kyfdxkyfdx Posts: 130,860
    ktf2811 said:

    Hey Guys. I'm looking at a 2016 Jeep Grand Cherokee Overland 4x4 24/10 and 36/10. Can you please provide the MF and Residual for June. Also, is it better to roll taxes etc. into a lease or pay them up front in NYC? I apologize, as I am new to leasing. Thanks a million in advance. 

    .00003 MF and 60% residual
    .00037 MF and 55% residual

    I like to minimize upfront payments on a lease. It's a good way to see exactly how much the monthly cost is for the vehicle.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 130,860
    nola222 said:

    General question, I know Chrysler Cap has a acquisition fee - but do they typically charge a security deposit for tier 1 credit? My dealer is saying they do and I did a Jeep lease a little over a year ago with Chrysler capital and there was never a security deposit.

    With Chrysler Capital, security deposits are waived for Tier 1 and 2 credit, provided the program has a discounted money factor. (no waiver if vehicle uses the Standard MF). This month.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • skrontzskrontz Posts: 9
    What are the MF and RV in TX for the following?

    36/10K 2016 Grand Cherokee Overland
    36/10K 2016 Grand Cherokee Summit

    Thank you!
  • kyfdxkyfdx Posts: 130,860
    skrontz said:

    What are the MF and RV in TX for the following?

    36/10K 2016 Grand Cherokee Overland
    36/10K 2016 Grand Cherokee Summit

    Thank you!

    Assuming 4X4?

    Overland: .00037 MF and 55% residual
    Summit: .00109 MF and 55% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • egarciaalegarciaal Posts: 17
    Could you please validate the following numbers for a 2016 Grand Cherokee 75th Anniv. 36/15k:

    MSRP: 38,060
    Cap Cost: 35,049
    MF: 0.00087
    Res: 53%
    Down: 1,000
    Monthly payment: 489 (including 6% tax)

    Thanks!
  • MichaellMichaell ColoradoPosts: 124,589
    egarciaal said:

    Could you please validate the following numbers for a 2016 Grand Cherokee 75th Anniv. 36/15k:

    MSRP: 38,060
    Cap Cost: 35,049
    MF: 0.00087
    Res: 53%
    Down: 1,000
    Monthly payment: 489 (including 6% tax)

    Thanks!

    The MF and residual are correct.

    The math is correct as well.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rsamerica1rsamerica1 Posts: 61
    kyfdx said:

    nola222 said:

    General question, I know Chrysler Cap has a acquisition fee - but do they typically charge a security deposit for tier 1 credit? My dealer is saying they do and I did a Jeep lease a little over a year ago with Chrysler capital and there was never a security deposit.

    With Chrysler Capital, security deposits are waived for Tier 1 and 2 credit, provided the program has a discounted money factor. (no waiver if vehicle uses the Standard MF). This month.
    Interested in what you mean by "discounted money factor". For instance, .00037 is MF for 36/15K lease on Overland. Are you indicating that money factor can go lower than this? Interested to know how one gets that to be lowered - is it just about asking/negotiating or another method such as MSD's? I have Tier 1 credit so would like to take advantage of waiting the security deposit.
  • MichaellMichaell ColoradoPosts: 124,589

    kyfdx said:

    nola222 said:

    General question, I know Chrysler Cap has a acquisition fee - but do they typically charge a security deposit for tier 1 credit? My dealer is saying they do and I did a Jeep lease a little over a year ago with Chrysler capital and there was never a security deposit.

    With Chrysler Capital, security deposits are waived for Tier 1 and 2 credit, provided the program has a discounted money factor. (no waiver if vehicle uses the Standard MF). This month.
    Interested in what you mean by "discounted money factor". For instance, .00037 is MF for 36/15K lease on Overland. Are you indicating that money factor can go lower than this? Interested to know how one gets that to be lowered - is it just about asking/negotiating or another method such as MSD's? I have Tier 1 credit so would like to take advantage of waiting the security deposit.
    The standard MF from Chrysler is around .00200. Any MF lower than that is considered "discounted", and thus is exempt from the security deposit.

    The MF we quote is for top tier credit - can't get any lower than that.

    No MSD program available from Chrysler.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • can you please give me the MF &RV for GRAND CHEROKEE LIMITED (leather int. & navi) in New Jersey for 36 mo/ 10k & 36mo/12k (there is one i found that seemed cheap to me with internet price of $35,094)
    thanks so much
  • kyfdxkyfdx Posts: 130,860

    can you please give me the MF &RV for GRAND CHEROKEE LIMITED (leather int. & navi) in New Jersey for 36 mo/ 10k & 36mo/12k (there is one i found that seemed cheap to me with internet price of $35,094)
    thanks so much

    Assuming 4X4?

    .00089 MF and 58%/57% for 10K/12K/yr

    For either the Limited or Limited 75th anniversary model.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • yes 4x4 thank you so much kyfdx!
  • rsamerica1rsamerica1 Posts: 61
    Here is a deal I have solidified:

    2016 Overland 4x4 5.7L
    $55,120 MSRP (5.7L, HK, Advance, CD player)
    $51,625 Selling price
    $46,491.70 Cap Cost
    Conquest rebate plus others
    Dealer using non Chrysler bank for lease financing
    MF .00114
    Residual 52%
    $0 down only first month due up front of $591.70 including 9% state/lease tax

    Apparently bank allows for more rebates / discount to be used, even though MF much higher than Chrysler Financial. This is for a car currently being built per dealer / my order due to arrive late June. Even though I'm not a huge fan of the higher MF, I have had no luck getting a lower monthly payment / overall deal elsewhere despite many attempts and dealers in surrounding states. Closest is a $1400 lower $53,720 MSRP (no Advance but has BLIS) with $800 up front including 1st month payment and $589/month. So lower payment but slighly higher down $ for lesser vehicle.

    Just wanted to share - open to comments, especially on the MF and strategies on how anyone has negotiated something from an outside bank lower.
  • MichaellMichaell ColoradoPosts: 124,589

    Here is a deal I have solidified:

    2016 Overland 4x4 5.7L
    $55,120 MSRP (5.7L, HK, Advance, CD player)
    $51,625 Selling price
    $46,491.70 Cap Cost
    Conquest rebate plus others
    Dealer using non Chrysler bank for lease financing
    MF .00114
    Residual 52%
    $0 down only first month due up front of $591.70 including 9% state/lease tax

    Apparently bank allows for more rebates / discount to be used, even though MF much higher than Chrysler Financial. This is for a car currently being built per dealer / my order due to arrive late June. Even though I'm not a huge fan of the higher MF, I have had no luck getting a lower monthly payment / overall deal elsewhere despite many attempts and dealers in surrounding states. Closest is a $1400 lower $53,720 MSRP (no Advance but has BLIS) with $800 up front including 1st month payment and $589/month. So lower payment but slighly higher down $ for lesser vehicle.

    Just wanted to share - open to comments, especially on the MF and strategies on how anyone has negotiated something from an outside bank lower.

    Yes, 3rd party leases often have larger incentives to offset the lower residual and/or higher MF. If you're comfortable with the pre-tax selling price and the end payment, all is good.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • carfan74carfan74 Posts: 58
    Looking for NY metro area MF and RV (and any lease cash info) on AWD Limited and Overland:
    36/12k miles per year

    Thank you!
  • MarioCLEMarioCLE ClevelandPosts: 2
    Hello! I am looking for the MF and RV for a 2016 Jeep GC Limited 75th Anniversary Model 4x4 with the HEMI V8. (Package 28k)

    36/39 months
    12k/15k miles
    Location - Cleveland, OH

    Thank you
  • MichaellMichaell ColoradoPosts: 124,589
    carfan74 said:

    Looking for NY metro area MF and RV (and any lease cash info) on AWD Limited and Overland:
    36/12k miles per year

    Thank you!

    Limited - .00089 and 57%
    Overland - .00037 and 54%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 124,589
    MarioCLE said:

    Hello! I am looking for the MF and RV for a 2016 Jeep GC Limited 75th Anniversary Model 4x4 with the HEMI V8. (Package 28k)

    36/39 months
    12k/15k miles
    Location - Cleveland, OH

    Thank you

    .00089 and 55% for 36/15. Add 2% for 12K

    39 month numbers are not viable, this month.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jbrewha74jbrewha74 Posts: 13
    Is this a good deal?? Jeep Grand Cherokee Limited 75th Anniversary, MSRP-$46,720
    I know this is the wrong way to do it, but I worked a few dealers on monthly lease price only and have one down to $385 a month 36/10k $2500 total out of pocket includes taxes, dmv, 1st month, etc. this is a 3rd vehicle so I was just throwing numbers out to see if anyone would come close, I have no intentions of buying the car out at the end of the lease.
    I have no clue what MF or residual they are using but seems to me at this price per month, they must be discounting it rather nicely.
  • MichaellMichaell ColoradoPosts: 124,589
    jbrewha74 said:

    Is this a good deal?? Jeep Grand Cherokee Limited 75th Anniversary, MSRP-$46,720
    I know this is the wrong way to do it, but I worked a few dealers on monthly lease price only and have one down to $385 a month 36/10k $2500 total out of pocket includes taxes, dmv, 1st month, etc. this is a 3rd vehicle so I was just throwing numbers out to see if anyone would come close, I have no intentions of buying the car out at the end of the lease.
    I have no clue what MF or residual they are using but seems to me at this price per month, they must be discounting it rather nicely.

    Either that, or they are using a 3rd party bank which has some nice incentives to go along with it.

    Not a good idea to negotiate the payment; better to negotiate the selling price, then apply any incentives and run the numbers yourself.

    No idea if that $385/mo quote could be even lower if you know all the numbers behind the calculation.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • smp9smp9 Posts: 10
    What are MF and residual for GC Overland High altitude with v8 engine. 36mos/15k miles in the San Diego area? Dealership is bein real fuzzy over the phone and I think they gave me the low tier credit MF of .00235 when they will see I have top tier credit when i apply
  • smp9smp9 Posts: 10
    btw, this is for a 4x4
  • kyfdxkyfdx Posts: 130,860
    smp9 said:

    What are MF and residual for GC Overland High altitude with v8 engine. 36mos/15k miles in the San Diego area? Dealership is bein real fuzzy over the phone and I think they gave me the low tier credit MF of .00235 when they will see I have top tier credit when i apply

    smp9 said:

    btw, this is for a 4x4

    .00037 MF and 52% residual.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jmd9000jmd9000 Minneapolis, MNPosts: 2
    Hi - excellent site and information. Could you share RV & MF numbers for a 24/12, 36/12 (and 27/12 if it exists) for a Limited Luxury 75th anniversary edition, 4x4 in Minnesota? Thanks in advance!
  • MichaellMichaell ColoradoPosts: 124,589
    jmd9000 said:

    Hi - excellent site and information. Could you share RV & MF numbers for a 24/12, 36/12 (and 27/12 if it exists) for a Limited Luxury 75th anniversary edition, 4x4 in Minnesota? Thanks in advance!

    24/12 - .00045 and 61%
    36/12 - .00089 and 57%

    There is a 27 month program, but the numbers aren't viable this month.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mdubdroid3mdubdroid3 Posts: 28
    Can I please get #s for Ltd and 75th Ltd 2WD/4WD for 36/12 in Bay Area? Any incentives other than what's n website? Are 16 programs way better than 15 JGC at this point? Thanks! 
  • MichaellMichaell ColoradoPosts: 124,589

    Can I please get #s for Ltd and 75th Ltd 2WD/4WD for 36/12 in Bay Area? Any incentives other than what's n website? Are 16 programs way better than 15 JGC at this point? Thanks! 

    4x4 - .00089 and 55%
    4x2 - .00059 and 54%

    For both trims

    No incentive information

    Yes, 2016 lease numbers are way more attractive than the 2015 numbers.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mdubdroid3mdubdroid3 Posts: 28
    Michaell said:

    Can I please get #s for Ltd and 75th Ltd 2WD/4WD for 36/12 in Bay Area? Any incentives other than what's n website? Are 16 programs way better than 15 JGC at this point? Thanks! 

    4x4 - .00089 and 55%
    4x2 - .00059 and 54%

    For both trims

    No incentive information

    Yes, 2016 lease numbers are way more attractive than the 2015 numbers.
    thanks. would you be able to say which trim tends to lease the best? Ltd/High Altitude/Overland? obv Ltd is cheaper, but any guesses on what gets the best value?
  • MichaellMichaell ColoradoPosts: 124,589

    Michaell said:

    Can I please get #s for Ltd and 75th Ltd 2WD/4WD for 36/12 in Bay Area? Any incentives other than what's n website? Are 16 programs way better than 15 JGC at this point? Thanks! 

    4x4 - .00089 and 55%
    4x2 - .00059 and 54%

    For both trims

    No incentive information

    Yes, 2016 lease numbers are way more attractive than the 2015 numbers.
    thanks. would you be able to say which trim tends to lease the best? Ltd/High Altitude/Overland? obv Ltd is cheaper, but any guesses on what gets the best value?
    They all lease about the same. Either the MF and residual are both high, or they are both low.

    Avoid the Summit.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mdubdroid3mdubdroid3 Posts: 28

    Michaell said:

    Can I please get #s for Ltd and 75th Ltd 2WD/4WD for 36/12 in Bay Area? Any incentives other than what's n website? Are 16 programs way better than 15 JGC at this point? Thanks! 

    4x4 - .00089 and 55%
    4x2 - .00059 and 54%

    For both trims

    No incentive information

    Yes, 2016 lease numbers are way more attractive than the 2015 numbers.
    thanks. would you be able to say which trim tends to lease the best? Ltd/High Altitude/Overland? obv Ltd is cheaper, but any guesses on what gets the best value?
    sorry. thought I requested 36/10 as well. can i get those please?
  • MichaellMichaell ColoradoPosts: 124,589

    Michaell said:

    Can I please get #s for Ltd and 75th Ltd 2WD/4WD for 36/12 in Bay Area? Any incentives other than what's n website? Are 16 programs way better than 15 JGC at this point? Thanks! 

    4x4 - .00089 and 55%
    4x2 - .00059 and 54%

    For both trims

    No incentive information

    Yes, 2016 lease numbers are way more attractive than the 2015 numbers.
    thanks. would you be able to say which trim tends to lease the best? Ltd/High Altitude/Overland? obv Ltd is cheaper, but any guesses on what gets the best value?
    sorry. thought I requested 36/10 as well. can i get those please?
    Add to 1% to the residual value

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello, I really appreciate this specific forum and the assistance you give, thank you so much!

    Can I get the Money Factor and Residual Value for:
    2016 Jeep Grand Cherokee Laredo 4x4 75th Anniversary Edition
    I'm in Northern California 95131

    Thanks again!
  • MichaellMichaell ColoradoPosts: 124,589

    Hello, I really appreciate this specific forum and the assistance you give, thank you so much!

    Can I get the Money Factor and Residual Value for:
    2016 Jeep Grand Cherokee Laredo 4x4 75th Anniversary Edition
    I'm in Northern California 95131

    Thanks again!

    .00090 and 55%, assuming 36 months, 15,000 miles per year.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rprestelrprestel Posts: 11
    Hello! I am looking for the MF and RV for a 2016 Jeep GC Limited 75th Anniversary Model 4x4 with the V6 (Package 23k), 75th Anniversary Luxury Tech Package and Tow Group.

    36 months
    12k/15k miles
    Location - Columbus, OH
  • MichaellMichaell ColoradoPosts: 124,589
    rprestel said:

    Hello! I am looking for the MF and RV for a 2016 Jeep GC Limited 75th Anniversary Model 4x4 with the V6 (Package 23k), 75th Anniversary Luxury Tech Package and Tow Group.

    36 months
    12k/15k miles
    Location - Columbus, OH

    .00089 and 57% or 55%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • manwithnonamemanwithnoname Posts: 6
    edited June 2016
    Hello, I am looking for the MF and RV for:

    4X2 2016 Jeep GC Laredo E
    36 Month Lease
    12k Miles
    95131 (Northern California)

    I'd also like it in a 4X4 configuration if possible:
    4X4 2016 Jeep GC Laredo E
    36 Month Lease
    12k Miles
    95131 (Northern California

    Thanks!!!!
  • MichaellMichaell ColoradoPosts: 124,589

    Hello, I am looking for the MF and RV for:

    4X2 2016 Jeep GC Laredo E
    36 Month Lease
    12k Miles
    95131 (Northern California)

    I'd also like it in a 4X4 configuration if possible:
    4X4 2016 Jeep GC Laredo E
    36 Month Lease
    12k Miles
    95131 (Northern California

    Thanks!!!!

    4x4 .00090 and 57%.

    4x2 .00087 and 55%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • carfan74carfan74 Posts: 58
    One more request, please - High Altitude AWD MF and Residual in NY Metro area. 36/12k mille lease. Thanks!
  • MichaellMichaell ColoradoPosts: 124,589
    carfan74 said:

    One more request, please - High Altitude AWD MF and Residual in NY Metro area. 36/12k mille lease. Thanks!

    .00037 and 54%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • sharkey969sharkey969 Pleasant Lake, MiPosts: 14
    MF and Residual 2016 Grand Cherokee Laredo 4x4. 37k msrp. 24 month lease, 15k miles. Jackson, Michigan
  • rprestelrprestel Posts: 11
    edited June 2016
    Michaell said:

    rprestel said:

    Hello! I am looking for the MF and RV for a 2016 Jeep GC Limited 75th Anniversary Model 4x4 with the V6 (Package 23k), 75th Anniversary Luxury Tech Package and Tow Group.

    36 months
    12k/15k miles
    Location - Columbus, OH

    .00089 and 57% or 55%
    I've had 2 dealers come back and say that US Bank is the best financing they can offer on the lease. Why are they not quoting Chrysler Capital? Here is the one of those deals.

    MF: .00120
    Residual: 60%

    MSRP: $46720
    Cap Cost: $40930.76 (Fees:$1078.50)
    Rebate: $4750
    Tax: $376.39
    Holdback:$1372
    Total Gross: $67
    Payment: $505 on 36mo

    Good deal?
  • jbrewha74jbrewha74 Posts: 13
    I'm working on the same MSRP, how much out of pocket do you have to put down?
  • rprestelrprestel Posts: 11
    Zero money down.
  • kyfdxkyfdx Posts: 130,860

    MF and Residual 2016 Grand Cherokee Laredo 4x4. 37k msrp. 24 month lease, 15k miles. Jackson, Michigan

    .00047 MF and 60% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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