2017 Jeep Grand Cherokee Lease Deals and Prices

Michaell

jcastro1083 said:

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?

I agree with the MF and residual.

Ask the dealer what cap cost they are using to get those numbers; they could be marking up the MF for more profit.

ajband27

My girlfriend is looking to lease a Jeep Grand Cherokee Limited 4X4 in Downingtown, PA 19335 zip. We are new to leasing a vehicle and I have spent I significant amount of time learning leasing jargon, understanding what's a good lease or bad lease, and generally trying to find her a the best car for the least amount of money. I would like to commend Michaell and Kyfdx on this message board for all of their timely responses to everyone's questions about their leases. Reading through the pages on this message board post has been an education in itself. Now onward to the details about the lease.

MSRP: $41,090
Selling Prices: $39,781

Trade Allowance: $1800 (2006 Ford Escape 4x4 Limited, 120,500 miles. I think we could get more selling the vehicle ourselves)
Cash Down: $3000
Rebates $5250

Residual $21366.80 (52%)

Lease is 39 months/15,000 miles a year = payment of $351.96.
If she leases this vehicle for 39 months/12,000 miles how will that affect the residual value, payments, money factor?

I am not sure what money factor they are using to come up with this price. Based on my calculations the money factor is around .00207 which seems high to me based on previous posts I read. Do you see any read flags with these numbers? I think she may be putting too much money down ($4800) in total value. Any advice would be greatly appreciated.

Michaell

ajband27 said:

My girlfriend is looking to lease a Jeep Grand Cherokee Limited 4X4 in Downingtown, PA 19335 zip. We are new to leasing a vehicle and I have spent I significant amount of time learning leasing jargon, understanding what's a good lease or bad lease, and generally trying to find her a the best car for the least amount of money. I would like to commend Michaell and Kyfdx on this message board for all of their timely responses to everyone's questions about their leases. Reading through the pages on this message board post has been an education in itself. Now onward to the details about the lease.

MSRP: $41,090
Selling Prices: $39,781

Trade Allowance: $1800 (2006 Ford Escape 4x4 Limited, 120,500 miles. I think we could get more selling the vehicle ourselves)
Cash Down: $3000
Rebates $5250

Residual $21366.80 (52%)

Lease is 39 months/15,000 miles a year = payment of $351.96.
If she leases this vehicle for 39 months/12,000 miles how will that affect the residual value, payments, money factor?

I am not sure what money factor they are using to come up with this price. Based on my calculations the money factor is around .00207 which seems high to me based on previous posts I read. Do you see any read flags with these numbers? I think she may be putting too much money down ($4800) in total value. Any advice would be greatly appreciated.

A few thoughts and comments:

1. Sell the Escape yourself - check the "Real World Trade in Values" thread to get a good private party price
2. The amount of rebates makes me think this is a 3rd party bank (US Bank or Ally) - we don't have their lease number to confirm
3. We suggest you limit the up front costs to just the first payment and DMV costs - anything beyond that would be at risk if the car is stolen or totaled.

jcastro1083

Michaell said:

jcastro1083 said:

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?

I agree with the MF and residual.

Ask the dealer what cap cost they are using to get those numbers; they could be marking up the MF for more profit.

They could by juicing the MF, either way it's a similar outcome to me. Let's assume that they are using the right MF, does the $40,500 sound like a good deal?

Michaell

jcastro1083 said:

Michaell said:

jcastro1083 said:

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?

I agree with the MF and residual.

Ask the dealer what cap cost they are using to get those numbers; they could be marking up the MF for more profit.

They could by juicing the MF, either way it's a similar outcome to me. Let's assume that they are using the right MF, does the $40,500 sound like a good deal?

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.

ijak192

Hey! First time leasing a Jeep and have leased before but without knowing about MF, rates, etc!

I'm pretty new to this MF and Residual rates, etc. Usually I just go around and tell dealers to beat other prices until I'm happy with the price. I'm looking at a Grand Cherokee Limited 4x4 with Luxury II package - MSRP $46,140 for 36 months and 15k/yr - live on Long Island, NY.

This is the best pricing I'm getting with a $1,000 incentive - since I lease another BMW:

$3,500 down inc taxes, fees, 1st month
$430/mo.

I want to get to $3,000 down and $370/mo. I've been trying to do the whole lease equation but still getting bummed - not ending up with numbers that look right. Is that possible with the MF and residual rates?

Michaell

ijak192 said:

Hey! First time leasing a Jeep and have leased before but without knowing about MF, rates, etc!

I'm pretty new to this MF and Residual rates, etc. Usually I just go around and tell dealers to beat other prices until I'm happy with the price. I'm looking at a Grand Cherokee Limited 4x4 with Luxury II package - MSRP $46,140 for 36 months and 15k/yr - live on Long Island, NY.

This is the best pricing I'm getting with a $1,000 incentive - since I lease another BMW:

$3,500 down inc taxes, fees, 1st month
$430/mo.

I want to get to $3,000 down and $370/mo. I've been trying to do the whole lease equation but still getting bummed - not ending up with numbers that look right. Is that possible with the MF and residual rates?

.00001 and 53%

We suggest you add the taxes and fees to the negotiated selling price.

jasbur17

Looking for numbers for Overland 4x4 36/12 in NJ
Thanks in advance!!

bostonbruins37

Hello - can you please provide me with the lease figures for Overland 4x4 36/10, 24/10 and Limited 36/10, 24/10? State: MA

Thank you

congo_billings

Hey guys. Any insight or advice would be great. Im able to lease a 2017 JEEP GC Trailhawk with luxury 2 package. 39mo/10k. $2500 @$499. In NY. Is this worth it???? I don't have any mf/residual numbers. Not familiar on how to play with those numbers unfortunately. 

Michaell

jasbur17 said:

Looking for numbers for Overland 4x4 36/12 in NJ
Thanks in advance!!

.00006 and 54%

Michaell

bostonbruins37 said:

Hello - can you please provide me with the lease figures for Overland 4x4 36/10, 24/10 and Limited 36/10, 24/10? State: MA

Thank you

24/10
OVR - .00027 and 63%
LTD - .00022 and 64%

36/10
OVR - .00006 and 55%
LTD - .00001 and 56%

Michaell

congo_billings said:

Hey guys. Any insight or advice would be great. Im able to lease a 2017 JEEP GC Trailhawk with luxury 2 package. 39mo/10k. $2500 @$499. In NY. Is this worth it???? I don't have any mf/residual numbers. Not familiar on how to play with those numbers unfortunately. 

The lease numbers are .00053 and 55%

Need to know the MSRP and adjusted cap cost to figure the payment.

Also, what does the $2500 cover?

congo_billings

Michaell said:

Hey guys. Any insight or advice would be great. Im able to lease a 2017 JEEP GC Trailhawk with luxury 2 package. 39mo/10k. $2500 @$499. In NY. Is this worth it???? I don't have any mf/residual numbers. Not familiar on how to play with those numbers unfortunately. 

The lease numbers are .00053 and 55% Need to know the MSRP and adjusted cap cost to figure the payment. Also, what does the $2500 cover?

Msrp I believe was around 49-51k. More closer to 51 if I recall.  $2500 covered the taxes titles fees and first month payment. 

mph1999

Hello: I am in NJ and received an offer to lease a 2017 Grand Cherokee Limited 4x4: 36mo/10k for $329/month with $2700 due at signing (covered dealership fee, taxes, MV fee, 1st month and title). MSRP is $41,750. I asked for their best offer without getting into MF and residual value. I was told that I was eligible for $6000 in rebates (assuming that makes the sale price $35,750 but need to confirm. Is this offer fair from a MF/Residual perspective?

kyfdx

mph1999 said:

Hello: I am in NJ and received an offer to lease a 2017 Grand Cherokee Limited 4x4: 36mo/10k for $329/month with $2700 due at signing (covered dealership fee, taxes, MV fee, 1st month and title). MSRP is $41,750. I asked for their best offer without getting into MF and residual value. I was told that I was eligible for $6000 in rebates (assuming that makes the sale price $35,750 but need to confirm. Is this offer fair from a MF/Residual perspective?

If you are eligible for $6000 in rebates, the selling price should be lower than that, or you are effectively paying MSRP.

.00001 MF and 56% residual

Ask for the sale price, the adjusted CAP cost, money factor and residual.
Also, ask for a quote with just first payment and DMV fees due at signing.

lucybents1

Good morning, can I please have numbers for a 2017 Jeep Grand Cherokee Limited 4x4 in Illinois 36/10,000 and 36/12,000?

Michaell

lucybents1 said:

Good morning, can I please have numbers for a 2017 Jeep Grand Cherokee Limited 4x4 in Illinois 36/10,000 and 36/12,000?

.00001 and 56% / 55%

jeepdude5

Good morning. Could I please have the MF and residual for AWD:

Grand Cherokee OVL
Grand Cherokee Limited
Grand Cherokee Altitude

36/12k.

*Sorry, it's for my sister and she hasn't made up her mind yet*

Michaell

jeepdude5 said:

Good morning. Could I please have the MF and residual for AWD:

Grand Cherokee OVL
Grand Cherokee Limited
Grand Cherokee Altitude

36/12k.

*Sorry, it's for my sister and she hasn't made up her mind yet*

OVR - .00006 and 54%
LTD - ..00001 and 55%
ALT - .00022 and 57%

lucybents1

lucybents1 said:

Good morning, can I please have numbers for a 2017 Jeep Grand Cherokee Limited 4x4 in Illinois 36/10,000 and 36/12,000?

Thanks for that. Dealer is quoting me $545 per month all in with no money down. Does that seem right? Below are the numbers they provided me with.

The sale price of the jeep is $35,771 with rebate
Adjusted cap cost is $41,623
Money Factor is 0.00150
Residual is 55

jeepdude5

Michaell said:

jeepdude5 said:

Good morning. Could I please have the MF and residual for AWD:

Grand Cherokee OVL
Grand Cherokee Limited
Grand Cherokee Altitude

36/12k.

*Sorry, it's for my sister and she hasn't made up her mind yet*

OVR - .00006 and 54%
LTD - ..00001 and 55%
ALT - .00022 and 57%

Thanks!

Michaell

lucybents1 said:

lucybents1 said:

Good morning, can I please have numbers for a 2017 Jeep Grand Cherokee Limited 4x4 in Illinois 36/10,000 and 36/12,000?

Thanks for that. Dealer is quoting me $545 per month all in with no money down. Does that seem right? Below are the numbers they provided me with.

The sale price of the jeep is $35,771 with rebate
Adjusted cap cost is $41,623
Money Factor is 0.00150
Residual is 55

What is the MSRP?

Our numbers come from Chrysler Financial; confirm with your dealer what bank they are using to source the lease. Third party banks often have large incentives attached to them.

lucybents1

What is the MSRP?

Our numbers come from Chrysler Financial; confirm with your dealer what bank they are using to source the lease. Third party banks often have large incentives attached to them.

MSRP is $45,890

Michaell

Michaell said:

lucybents1 said:

lucybents1 said:

Good morning, can I please have numbers for a 2017 Jeep Grand Cherokee Limited 4x4 in Illinois 36/10,000 and 36/12,000?

Thanks for that. Dealer is quoting me $545 per month all in with no money down. Does that seem right? Below are the numbers they provided me with.

The sale price of the jeep is $35,771 with rebate
Adjusted cap cost is $41,623
Money Factor is 0.00150
Residual is 55

What is the MSRP?

Our numbers come from Chrysler Financial; confirm with your dealer what bank they are using to source the lease. Third party banks often have large incentives attached to them.

lucybents1 said:

What is the MSRP?

Our numbers come from Chrysler Financial; confirm with your dealer what bank they are using to source the lease. Third party banks often have large incentives attached to them.

MSRP is $45,890

With those numbers, I get $555/mo before tax - pretty close to your quote.

merkdrvr

What is the current MF/Residual for a 36/15 2017 JGC Limited 23H w/ Blind Spot in Michigan?

Michaell

merkdrvr said:

What is the current MF/Residual for a 36/15 2017 JGC Limited 23H w/ Blind Spot in Michigan?

Assuming 4x4, .00001 and 53%

jeszabo

Good morning!

Could I please have the MF/Residual for a 2017 Grand Cherokee Summit in Florida:

36 month 12,000 miles
36 month 15,000 miles

J

kyfdx

jeszabo said:

Good morning!

Could I please have the MF/Residual for a 2017 Grand Cherokee Summit in Florida:

36 month 12,000 miles
36 month 15,000 miles

J

AWD or RWD?

jeszabo

kyfdx said:

jeszabo said:

Good morning!

Could I please have the MF/Residual for a 2017 Grand Cherokee Summit in Florida:

36 month 12,000 miles
36 month 15,000 miles

J

AWD or RWD?

Apologies - This is for a 4x4

kyfdx

jeszabo said:

kyfdx said:

jeszabo said:

Good morning!

Could I please have the MF/Residual for a 2017 Grand Cherokee Summit in Florida:

36 month 12,000 miles
36 month 15,000 miles

J

AWD or RWD?

Apologies - This is for a 4x4

.00030 MF and 52%/50% residual

redquartz

Hello. Can I get the MF and residual for a 2017 Cherokee Limited 4X4 for 36/12 in Mass?

Michaell

redquartz said:

Hello. Can I get the MF and residual for a 2017 Cherokee Limited 4X4 for 36/12 in Mass?

Cherokee or Grand Cherokee? This is the Grand Cherokee thread.

.00001 and 55% for Grand Cherokee Limited 4x4 36/12

Cherokee thread is here:

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

redquartz

Sorry....thanks for the correct thread!

speckledtrout

May I please have the MF and Residual for the following:
2017 Overland V8 10/36
2017 SRT 10/36

Thanks!!

speckledtrout

speckledtrout said:

May I please have the MF and Residual for the following:
2017 Overland V8 10/36
2017 SRT 10/36

Thanks!!

Overland is 4x4

kyfdx

speckledtrout said:

speckledtrout said:

May I please have the MF and Residual for the following:
2017 Overland V8 10/36
2017 SRT 10/36

Thanks!!

Overland is 4x4

OVR: .00006 MF and 55% residual
SRT: .00031 MF and 53% residual

speckledtrout

Thank you!

johnthom

Would you post the mf and residuals for the 2017 Jeep Grand Cherokee 10,000 miles/year 24 months v6, 4x4
Overland, Summit and Trail Hawk editions

kyfdx

johnthom said:

Would you post the mf and residuals for the 2017 Jeep Grand Cherokee 10,000 miles/year 24 months v6, 4x4
Overland, Summit and Trail Hawk editions

OVL: .00027 MF and 62% residual
SUM: .00030 MF and 59% residual
TH: .00002 MF and 63% residual

mjmart85

Can I get numbers on a 2017 Jeep Grand Cherokee v6 Laredo altitude package 4x2 for 36/10 and 36/12 . South Florida.. I was quoted a sign/drive for $399 taxes in? Not sure if that's a good deal. Selling price of $32722 

Michaell

mjmart85 said:

Can I get numbers on a 2017 Jeep Grand Cherokee v6 Laredo altitude package 4x2 for 36/10 and 36/12 . South Florida.. I was quoted a sign/drive for $399 taxes in? Not sure if that's a good deal. Selling price of $32722 

.00027 and 56% or 55%

What is the MSRP?

mjmart85

$37,490 . Selling price $32722

Michaell

mjmart85 said:

$37,490 . Selling price $32722

$351/mo plus tax for 36/12, using those prices.

jdealsy

Hello,

I am looking at a 2017 Cherokee High Altitude.
MSRP: 33,485
Incentive: 4000

Can I get the MF and Residual for VT (05401)?

36 12k
36 10k

Michaell

jdealsy said:

Hello,

I am looking at a 2017 Cherokee High Altitude.
MSRP: 33,485
Incentive: 4000

Can I get the MF and Residual for VT (05401)?

36 12k
36 10k

This is the Grand Cherokee thread; the Cherokee thread is here:

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

air1059

Could you tell me what monthly payment you get and if this is a good deal in Texas (tax rate is 6.25%)? The dealership is offering to do this for $520 a month, which includes gap, fees, and tax. This is my first time leasing so any advice would be appreciated. Thank you

2017 Limited 4x2 (includes Lux group II and Uconnect 8.4 Nav)
The MSRP is $44,140
Rebates ($6250)
Total Sales Tax $2,368
Total Adds to Cap $828 (this is for Gap & other fees)
Adjusted Cap Cost $41,085
Security Deposit $500
36 months/12K
Residual 53% / $23,394
Customer Cash Down $713 for first month payment +$125 in fees
MF 0.00150

sdpaulie

Is the acquisition fee waived this month again like last? I thought that they programs carried over from last month but dealer has acquisition fee in his quote.

jayb1818

Hello,

Can I please get the MF and residuals for Jeep Grand Cherokee Altitude, 75th Anniversary Limited, and Overland. 36 months 10k miles in New Jersey. Thank You

iammdub

Can I get MF/RV for JGC Limited 4x2 in texas please? 36/12 and 15