2017 Jeep Grand Cherokee Lease Deals and Prices

spockihana

Two questions:

1. Is the MF variable enough month to month that if I can close this deal today (last day of month), I should find a way to do that?

2. I usually pay only first month at signing to minimize risk in case the car is totaled, etc. Is there risk in paying first month + DMV fees? I notice that many of the calculators assume that both are paid up front.

Thanks!

kyfdx

spockihana said:

Two questions:

1. Is the MF variable enough month to month that if I can close this deal today (last day of month), I should find a way to do that?

2. I usually pay only first month at signing to minimize risk in case the car is totaled, etc. Is there risk in paying first month + DMV fees? I notice that many of the calculators assume that both are paid up front.

Thanks!

1) No crystal ball, here. The money factor obviously can't go lower, but they could add incentives. If you like the deal, you should take it. But, the end of the month for this program is Monday, so no need to do it today.

2) I forget where you live. If it's a state that taxes the monthly payment, then you want to pay non-taxable fees upfront, because if you roll them in, they become taxed.

spockihana

kyfdx said:

spockihana said:

Two questions:

1. Is the MF variable enough month to month that if I can close this deal today (last day of month), I should find a way to do that?

2. I usually pay only first month at signing to minimize risk in case the car is totaled, etc. Is there risk in paying first month + DMV fees? I notice that many of the calculators assume that both are paid up front.

Thanks!

1) No crystal ball, here. The money factor obviously can't go lower, but they could add incentives. If you like the deal, you should take it. But, the end of the month for this program is Monday, so no need to do it today.

2) I forget where you live. If it's a state that taxes the monthly payment, then you want to pay non-taxable fees upfront, because if you roll them in, they become taxed.

Thanks! I'm tax free. :-)

spockihana

Is Amount Due at Start and Total Working Cash supposed to be only the amount YOU are actually paying, or that amount + any rebates?

For instance, if i have a 2500 rebate and put 800 down to cover first payment + fees, should the Amount Due at Start show as 800 or 3300?

Michaell

spockihana said:

Is Amount Due at Start and Total Working Cash supposed to be only the amount YOU are actually paying, or that amount + any rebates?

For instance, if i have a 2500 rebate and put 800 down to cover first payment + fees, should the Amount Due at Start show as 800 or 3300?

I believe it should be $3300

kyfdx

spockihana said:

Is Amount Due at Start and Total Working Cash supposed to be only the amount YOU are actually paying, or that amount + any rebates?

For instance, if i have a 2500 rebate and put 800 down to cover first payment + fees, should the Amount Due at Start show as 800 or 3300?

The terminology is fluid. You have to look at the entirety of numbers and details to see the total.

Usually, "working cash" means your payment + rebates.
"amount due at start" usually means the amount out of your pocket.

But, it could be the other way around.. look at all of the numbers and see.

spockihana

kyfdx said:

spockihana said:

Is Amount Due at Start and Total Working Cash supposed to be only the amount YOU are actually paying, or that amount + any rebates?

For instance, if i have a 2500 rebate and put 800 down to cover first payment + fees, should the Amount Due at Start show as 800 or 3300?

The terminology is fluid. You have to look at the entirety of numbers and details to see the total.

Usually, "working cash" means your payment + rebates.
"amount due at start" usually means the amount out of your pocket.

But, it could be the other way around.. look at all of the numbers and see.

What if both fields are the same?

Both Amount Due at Start and Total Working Cash = my payment + rebates

Is that unusual?

kyfdx

spockihana said:

kyfdx said:

spockihana said:

Is Amount Due at Start and Total Working Cash supposed to be only the amount YOU are actually paying, or that amount + any rebates?

For instance, if i have a 2500 rebate and put 800 down to cover first payment + fees, should the Amount Due at Start show as 800 or 3300?

The terminology is fluid. You have to look at the entirety of numbers and details to see the total.

Usually, "working cash" means your payment + rebates.
"amount due at start" usually means the amount out of your pocket.

But, it could be the other way around.. look at all of the numbers and see.

What if both fields are the same?

Both Amount Due at Start and Total Working Cash = my payment + rebates

Is that unusual?

Without looking at the whole document, I couldn't tell you.

ericvonrot

Just took out a 36 month lease on 2017 Grand Cherokee 4x4 Laredo w/ Altitude 23z package and upgraded sound system. Paid 3,000 down and 309 per month. I am in MA New England. Is that an ok deal? (I used to lease Toyotas that were much less).

Michaell

ericvonrot said:

Just took out a 36 month lease on 2017 Grand Cherokee 4x4 Laredo w/ Altitude 23z package and upgraded sound system. Paid 3,000 down and 309 per month. I am in MA New England. Is that an ok deal? (I used to lease Toyotas that were much less).

Hard to say - what was the sticker price and the negotiated price?

What does the $3000 cover?

What lease term and how many miles per year?

ericvonrot

MSRP 40,585. Adj Cap Cost 30,731. Residual 25,846. 36 months, 12K miles per year.

Michaell

ericvonrot said:

MSRP 40,585. Adj Cap Cost 30,731. Residual 25,846. 36 months, 12K miles per year.

Looks solid. Ally or US Bank lease?

ericvonrot

Ally bank. So I got an Ok rate overall?

robin5015

May I have the March numbers for the Summit 4x4 for 36mos & 39 mos/10K in Michigan. Thanks!

robin5015

Could I also get the numbers for a Summit 4x4 for 36 mos & 39 mos for 12K miles in Michigan? Thanks

kyfdx

robin5015 said:

May I have the March numbers for the Summit 4x4 for 36mos & 39 mos/10K in Michigan. Thanks!

.00030 MF and 53%/51% residual

kyfdx

robin5015 said:

Could I also get the numbers for a Summit 4x4 for 36 mos & 39 mos for 12K miles in Michigan? Thanks

Subtract 1% from the 10K/yr residual

Michaell

ericvonrot said:

Ally bank. So I got an Ok rate overall?

Relative to MSRP, you did good.

sdpaulie

Are the numbers out yet for April? I am in San Diego CA. Can I please have the rates for:

SRT 36/12 & 39/12
Summit 4x4 36/12 & 39/12
Overland 4x4 36/12 & 39/12
Trailhawk 4x4 36/12 & 39/12
Limited 4x436/12 & 39/12

and are these rates CF or Ally? Do you know if the IDL bonus cash stays the same for the month of April?

Thanks,
Paul

Michaell

sdpaulie said:

Are the numbers out yet for April? I am in San Diego CA. Can I please have the rates for:

SRT 36/12 & 39/12
Summit 4x4 36/12 & 39/12
Overland 4x4 36/12 & 39/12
Trailhawk 4x4 36/12 & 39/12
Limited 4x436/12 & 39/12

and are these rates CF or Ally? Do you know if the IDL bonus cash stays the same for the month of April?

Thanks,
Paul

The current program numbers expire today - new numbers are released tomorrow.

SRT - .00031 and 52% / 50%
SUM - .00030 and 52% / 50%
OVR - .00006 and 54% / 52%
TRL - .00053 and 57% / 54%
LTD - .00001 and 55% / 52%

dsummers232

Can I get the Residual and MF for April for the following trims in Novi, MI?

- Laredo 4x4 10k/36mo, 12k/36mo
- Limited 4x4 10k/36mo, 12k/36mo

Thank you!

Michaell

dsummers232 said:

Can I get the Residual and MF for April for the following trims in Novi, MI?

- Laredo 4x4 10k/36mo, 12k/36mo
- Limited 4x4 10k/36mo, 12k/36mo

Thank you!

The current Jeep numbers are valid through today; new program numbers are released tomorrow.

robin5015

I am looking to lease a Summit 4x4 with 23r package in Michigan for 39 months at 12K miles per year. MSRP is $55980 with adjusted cap of $46,845. They are quoting $600 per month. With the MF and residual provided above I show the payment should be $536 month. Is my math on target? I would be using Ally.

kyfdx

robin5015 said:

I am looking to lease a Summit 4x4 with 23r package in Michigan for 39 months at 12K miles per year. MSRP is $55980 with adjusted cap of $46,845. They are quoting $600 per month. With the MF and residual provided above I show the payment should be $536 month. Is my math on target? I would be using Ally.

At .00030 MF and 50% residual for 39/12, I calculate $506/mo+tax

sdpaulie

Michaell said:

sdpaulie said:

Are the numbers out yet for April? I am in San Diego CA. Can I please have the rates for:

SRT 36/12 & 39/12
Summit 4x4 36/12 & 39/12
Overland 4x4 36/12 & 39/12
Trailhawk 4x4 36/12 & 39/12
Limited 4x436/12 & 39/12

and are these rates CF or Ally? Do you know if the IDL bonus cash stays the same for the month of April?

Thanks,
Paul

The current program numbers expire today - new numbers are released tomorrow.

SRT - .00031 and 52% / 50%
SUM - .00030 and 52% / 50%
OVR - .00006 and 54% / 52%
TRL - .00053 and 57% / 54%
LTD - .00001 and 55% / 52%

Do you have the April numbers now?

Thanks,
Paul

pmw801

So my brother is in the market for lexus rx350 f sport or jeep cherokee summit. This is what he got for the cherokee. Does it look good? Thanks in advance!!!

Michaell

sdpaulie said:

Michaell said:

sdpaulie said:

Are the numbers out yet for April? I am in San Diego CA. Can I please have the rates for:

SRT 36/12 & 39/12
Summit 4x4 36/12 & 39/12
Overland 4x4 36/12 & 39/12
Trailhawk 4x4 36/12 & 39/12
Limited 4x436/12 & 39/12

and are these rates CF or Ally? Do you know if the IDL bonus cash stays the same for the month of April?

Thanks,
Paul

The current program numbers expire today - new numbers are released tomorrow.

SRT - .00031 and 52% / 50%
SUM - .00030 and 52% / 50%
OVR - .00006 and 54% / 52%
TRL - .00053 and 57% / 54%
LTD - .00001 and 55% / 52%

Do you have the April numbers now?

Thanks,
Paul

No changes to the numbers for April.

Michaell

pmw801 said:

So my brother is in the market for lexus rx350 f sport or jeep cherokee summit. This is what he got for the cherokee. Does it look good? Thanks in advance!!!

The 2017 Cherokee lease thread is here:

https://forums.edmunds.com/discussion/43044/jeep/cherokee/2017-jeep-cherokee-lease-questions#latest

pmw801

Sorry for the misplacement.

Michaell

pmw801 said:

So my brother is in the market for lexus rx350 f sport or jeep cherokee summit. This is what he got for the cherokee. Does it look good? Thanks in advance!!!

This looks to be a third party lease - the $6000 incentive tips me off to that.

We don't have any numbers to confirm.

Relative to MSRP, it looks to be a solid payment.

pmw801

Yes its a third party leasing company.  What do u mean regarding you dont have numbers to confirm? So based on the numbers u see and the breakdown,  it looks to be a good deal? Sorry, wish i was better at this leasing thing. Just want to make sure my brother is getting a good deal. This website always helps me to get a good deal on my leases.

pmw801

My brother said they arent selling it at msrp. They said $54,600 plus $2000 rebate so $52,600 is selling price. So at $52,600 selling price and $2,273 due at signing, is the $589.00/month a good payment? Thanks

Michaell

pmw801 said:

Yes its a third party leasing company.  What do u mean regarding you dont have numbers to confirm? So based on the numbers u see and the breakdown,  it looks to be a good deal? Sorry, wish i was better at this leasing thing. Just want to make sure my brother is getting a good deal. This website always helps me to get a good deal on my leases.

The only Jeep numbers we have are from Chrysler Capital; if this is a lease from Ally or US Bank, we do not have those numbers so cannot tell you if the MF they are using (whatever it is, it's not disclosed on the paperwork you posted) has been marked up or not.

Therefore, it's hard for us to tell you if the deal is good or bad.

Michaell

pmw801 said:

My brother said they arent selling it at msrp. They said $54,600 plus $2000 rebate so $52,600 is selling price. So at $52,600 selling price and $2,273 due at signing, is the $589.00/month a good payment? Thanks

You always want to negotiate the selling price before applying incentives, even for a lease.

pmw801

Residual 50% and MF .0002. Does that help in figuring out if its a good deal? Thanks

Michaell

pmw801 said:

Residual 50% and MF .0002. Does that help in figuring out if its a good deal? Thanks

Sadly, no.

If I use $54,600 as the MSRP and $52,600 as the selling price with those lease numbers, I get a payment of $719/mo before tax.

I suppose $589/mo looks good, by comparison.

hooligan90281

Looking at a 2017 GC Altitude
MSRP - $ 39,790
MF: .00053
Residual Rate: 55%
Cap Cost: $ 37,500.06
Fees: $ 890

Payment of 494.78 for 36 months and 15k a year

Is this a good deal? I am putting nothing down? I live in Connecticut...

jsbeach209

May I please have MF and Residual 36/15 for a 2017 Jeep Grand Cherokee 4x4 Altitude in Pa. Thanks in Advance.

kyfdx

hooligan90281 said:

Looking at a 2017 GC Altitude
MSRP - $ 39,790
MF: .00053
Residual Rate: 55%
Cap Cost: $ 37,500.06
Fees: $ 890

Payment of 494.78 for 36 months and 15k a year

Is this a good deal? I am putting nothing down? I live in Connecticut...

We show .00022 MF and 55% residual
Markup adds about $20/mo.

The calculations look correct.

kyfdx

jsbeach209 said:

May I please have MF and Residual 36/15 for a 2017 Jeep Grand Cherokee 4x4 Altitude in Pa. Thanks in Advance.

.00022 MF and 55% residual

jsquared123

Hi, could I have the April numbers for a 2017 JGC Laredo 4x4 36/10 in NJ? Thank you!

Michaell

jsquared123 said:

Hi, could I have the April numbers for a 2017 JGC Laredo 4x4 36/10 in NJ? Thank you!

.00022 and 58%

mattgoose

Hi - can I please have numbers for JGC Limited 4x4 in Mass at 36/10 and 36/12?

Does Jeep offer any MSD or other method to reduce MF?

Thanks!

Michaell

mattgoose said:

Hi - can I please have numbers for JGC Limited 4x4 in Mass at 36/10 and 36/12?

Does Jeep offer any MSD or other method to reduce MF?

Thanks!

.00001 and 56% / 55%

MF is as low as you'll see, so MSD won't do you any good.

lostcause84

Hoping someone could help me out with some numbers

2017 GC Overland 4x4 in CT
MSRP: $54,275
Sale Price: $48,749
Residual: 52%
Money Factor: .00042

Residual and MF seem off to me. Thanks for any input though guys!

Michaell

lostcause84 said:

Hoping someone could help me out with some numbers

2017 GC Overland 4x4 in CT
MSRP: $54,275
Sale Price: $48,749
Residual: 52%
Money Factor: .00042

Residual and MF seem off to me. Thanks for any input though guys!

I show .00006 and 52% for 36/15 on the Overland 4x4.

MF is marked up; politely tell the dealer you won't sign a dealer where that is the case. They know what the base rate is.

mattgoose

Michaell said:

mattgoose said:

Hi - can I please have numbers for JGC Limited 4x4 in Mass at 36/10 and 36/12?

Does Jeep offer any MSD or other method to reduce MF?

Thanks!

.00001 and 56% / 55%

MF is as low as you'll see, so MSD won't do you any good.

Wow - free money!

Thank you

lostcause84

Michaell said:

lostcause84 said:

Hoping someone could help me out with some numbers

2017 GC Overland 4x4 in CT
MSRP: $54,275
Sale Price: $48,749
Residual: 52%
Money Factor: .00042

Residual and MF seem off to me. Thanks for any input though guys!

I show .00006 and 52% for 36/15 on the Overland 4x4.

MF is marked up; politely tell the dealer you won't sign a dealer where that is the case. They know what the base rate is.

Thank you so much! Should I expect the base rate, or is it always going to be above the base rate for the dealer (or whoever else) to make money?

Pardon my ignorance... first time working out a lease!

jcastro1083

I'm looking at a GC Limited in Orange County, CA:

MSRP: $45,635
36-month lease
Miles: 15,000
Cash Down: $2,000
I currently lease a BMW (understand that that means $1,000 lease conquest benefit).

They offered me a payment of $467 or $505, including tax.

If I assume a Residual 52% and a MF of 0.00005; I get an approx. cap cost of ~$40,500

I'm trying to work them down to $435 or$470, including tax; is this a reasonable expectation?

Michaell

lostcause84 said:

Michaell said:

lostcause84 said:

Hoping someone could help me out with some numbers

2017 GC Overland 4x4 in CT
MSRP: $54,275
Sale Price: $48,749
Residual: 52%
Money Factor: .00042

Residual and MF seem off to me. Thanks for any input though guys!

I show .00006 and 52% for 36/15 on the Overland 4x4.

MF is marked up; politely tell the dealer you won't sign a dealer where that is the case. They know what the base rate is.

Thank you so much! Should I expect the base rate, or is it always going to be above the base rate for the dealer (or whoever else) to make money?

Pardon my ignorance... first time working out a lease!

Dealer can mark it up by as much as .00042; it's a way for the dealer to make extra profit.