2017 Jeep Grand Cherokee Lease Deals and Prices

sa_virginia

Thank you! With those numbers, what should I ask push them to do? I didn't negotiate aggressively yet, but they indicated they would be willing to drop the price.

And sorry, to be clear, is the standard JGC ltd. residual 51%? And the Chrysler Financing MF .00002? Or .00020?

I just called another dealer down the road who indicated that the residual on JGC Ltd. was 49% with a .00016 MF.

sa_virginia

And yes, 4X4, with sunroof and Connect 8.4 Nav. It does not have the Offroad II package. Too many variables on these JGC to keep things straight.

Michaell

sa_virginia said:

Thank you! With those numbers, what should I ask push them to do? I didn't negotiate aggressively yet, but they indicated they would be willing to drop the price.

And sorry, to be clear, is the standard JGC ltd. residual 51%? And the Chrysler Financing MF .00002? Or .00020?

I just called another dealer down the road who indicated that the residual on JGC Ltd. was 49% with a .00016 MF.

.00002 (4 zeros) and 51% for 36/12.

49% is for 36/15

Dealer can mark up the MF for extra profit

etonic13

Hi,

Please let me know the MF/Resid Value for:

2017 Grand Cherokee Limited 4x4
2017 Grand Cherokee Altitude 4x4

Located in Long Island, NY.

36/12
36/10

kyfdx

etonic13 said:

Hi,

Please let me know the MF/Resid Value for:

2017 Grand Cherokee Limited 4x4
2017 Grand Cherokee Altitude 4x4

Located in Long Island, NY.

36/12
36/10

36/12:
Limited: .00002 MF and 51% residual
Altitude: .00009 MF and 52% residual

Add 1% for 10K/yr

sa_virginia

Dealer finance officer claims that lowest MF is .00007 for JGC Ltd (36/12) w/ 51% RV and that the MF for a buyer with average credit is .00049, which is what he is quoting to me. Am I missing something here? He says these are the numbers are for Chrysler Financial.

Michaell

sa_virginia said:

Dealer finance officer claims that lowest MF is .00007 for JGC Ltd (36/12) w/ 51% RV and that the MF for a buyer with average credit is .00049, which is what he is quoting to me. Am I missing something here? He says these are the numbers are for Chrysler Financial.

Dealer can mark up the MF by .00042 for extra profit.

Surprised? I'm not.

Politely tell them you won't sign a deal with an inflated MF. If they balk, walk.

sa_virginia

Alright, that got their attention. He did pushback a bit though. He showed me some pretty official looking paperwork showing the 2017 Mid-Atlantic Chrysler Capital Lease rate is .00007 and then promptly offered me the lowest MF for a savings of about $1000.

He then pulled out the 2017 NOrtheast Chrysler Capital lease rate which he indicated is .00002, as you indicated. 

He he noted that the rates are location and VIN specific. The vin is HC895468 and the zip code is 22901. Does his make sense to you? Really appreciate the guidance either way. 

Michaell

sa_virginia said:

Alright, that got their attention. He did pushback a bit though. He showed me some pretty official looking paperwork showing the 2017 Mid-Atlantic Chrysler Capital Lease rate is .00007 and then promptly offered me the lowest MF for a savings of about $1000.

He then pulled out the 2017 NOrtheast Chrysler Capital lease rate which he indicated is .00002, as you indicated. 

He he noted that the rates are location and VIN specific. The vin is HC895468 and the zip code is 22901. Does his make sense to you? Really appreciate the guidance either way. 

Chrysler Capital numbers are indeed regional, though we only have information for one region (South East, FWIW).

Not seen any regional differences in the MF; interesting that the dealer offered up that information.

What we're seeing a lot more of is this:

Either you can have the base MF and a smaller discount from sticker, or an inflated MF and a larger discount. Have to run the numbers both ways to see which results in a better payment.

Obviously, your goal is the base MF and the bigger discount, but don't be surprised if you can't get them both.

sa_virginia

On the discounts - here is the final workup - with $3K down, $476 monthly for 36/12. I'll post the MF numbers he gave me below:

Sticker Price (with freight) - $43480
Discount - $1,552
Rebate -  $2750
Options - $227.90 (weather mats)
Processing/Title/Tags - $559.75
Sales Tax - $1,763.12
net Sales - $41,728.76

.00007 MF
51% RV

sa_virginia

Michaell

sa_virginia said:

On the discounts - here is the final workup - with $3K down, $476 monthly for 36/12. I'll post the MF numbers he gave me below:

Sticker Price (with freight) - $43480
Discount - $1,552
Rebate -  $2750
Options - $227.90 (weather mats)
Processing/Title/Tags - $559.75
Sales Tax - $1,763.12
net Sales - $41,728.76

.00007 MF
51% RV

I get $548/mo with those prices.

If I back out the $3000 down, then the payment drops to $464/mo.

We do not recommend a large down payment - just the first payment and any DMV costs.

sa_virginia

Every time I think I understand this, I'm proven wrong. I'll post the print out. .00007 is the lower range of each. Basically, what you are saying is I leave money on the table by paying a down payment?

pensfan83

I've been casually following this topic over the last month because this car is on my list and I'm interested to see how the residual values shake out as I get closer to turning in my Audi. 

Maybe I was being too optimistic but I expected larger dealer discounts on these. I made up a workbook for my next purchase and on my Grand Cherokee tab the closest dealer has the same one, and others. that I initially put my eye on three months ago. They don't seem to be moving much stock. With such a low residual value they arent a real good lease opportunity.

Even with a base money factor is that all they are willing to discount from sticker before applying the rebate?

kyfdx

sa_virginia said:

Every time I think I understand this, I'm proven wrong. I'll post the print out. .00007 is the lower range of each. Basically, what you are saying is I leave money on the table by paying a down payment?

No... but, at .00007 MF, why would you want to put any money down?

kyfdx

pensfan83 said:

I've been casually following this topic over the last month because this car is on my list and I'm interested to see how the residual values shake out as I get closer to turning in my Audi. 

Maybe I was being too optimistic but I expected larger dealer discounts on these. I made up a workbook for my next purchase and on my Grand Cherokee tab the closest dealer has the same one, and others. that I initially put my eye on three months ago. They don't seem to be moving much stock. With such a low residual value they arent a real good lease opportunity.

Even with a base money factor is that all they are willing to discount from sticker before applying the rebate?

The 2017 GC has had some great lease deals this year, but that's been at least four or five months ago. They are definitely not the deal they were earlier this year.

robs5589

Looking to lease a 2017 Jeep Grand Cherokee Laredo E 4x4 in NJ
MSRP is 37,585
36 /15
$1500 total out of pocket to cover all taxes, fees, first payment.

Can anyone help me out as what the ballpark monthly lease payment should be? I am horrible with numbers.

pensfan83

kyfdx said:

The 2017 GC has had some great lease deals this year, but that's been at least four or five months ago. They are definitely not the deal they were earlier this year.

Definitely. I looked back a few pages from the January to April timeframe and there were some good deals made. Unless they are going to give enough of a discount to offset the lower RV I'm not sure this is the best route to go in terms of value.

kyfdx

robs5589 said:

Looking to lease a 2017 Jeep Grand Cherokee Laredo E 4x4 in NJ
MSRP is 37,585
36 /15
$1500 total out of pocket to cover all taxes, fees, first payment.

Can anyone help me out as what the ballpark monthly lease payment should be? I am horrible with numbers.

.00009 MF and 50% residual

We need a selling price and/or an adjusted CAP cost to calculate a payment.

johnrdamico

Hello,

Possibly looking in PA to lease a 2017 Jeep Grand Cherokee Limited 4x4 for either 12k or 15k mi/yr for 36 months. Could you please provide Residual and MFs for both?

Thanks in advance!

kyfdx

johnrdamico said:

Hello,

Possibly looking in PA to lease a 2017 Jeep Grand Cherokee Limited 4x4 for either 12k or 15k mi/yr for 36 months. Could you please provide Residual and MFs for both?

Thanks in advance!

.00002 MF and 51%/49% residual

eddie_yvp

Hi - looking for MF and residual for Trailhawk in DC/Northern Virginia area. 10K miles and 3 years. Thanks in advance.

kyfdx

eddie_yvp said:

Hi - looking for MF and residual for Trailhawk in DC/Northern Virginia area. 10K miles and 3 years. Thanks in advance.

.00031 MF and 53% residual

volvodad

Hi. Exploring leasing options for Limited 4X4 in New York. 12k year, 36 months. Dealership seems committed to maximizing rebates by giving me lease loyalty, conquest for our other household lease w/Acura, affiliate discount from my employer, and the northeast cash available this month. All in total they are giving $4750 in rebates. They are quoting me $472/mo w/$0 down. I still need to dig into the specific numbers tomorrow. Can you tell if this is a good deal? Also, what is the MF and residual. Thanks for your help!

Michaell

volvodad said:

Hi. Exploring leasing options for Limited 4X4 in New York. 12k year, 36 months. Dealership seems committed to maximizing rebates by giving me lease loyalty, conquest for our other household lease w/Acura, affiliate discount from my employer, and the northeast cash available this month. All in total they are giving $4750 in rebates. They are quoting me $472/mo w/$0 down. I still need to dig into the specific numbers tomorrow. Can you tell if this is a good deal? Also, what is the MF and residual. Thanks for your help!

All those incentives lead me to believe this is not a Chrysler Capital funded lease.

We do not have the numbers for Ally or US Bank, the other two banks often used.

.00002 and 51% from Chrysler

volvodad

I will find out who is the leasing company. Are you thinking the incentives look better or worse than the Chrysler Capital lease? Just trying to see if this is a good deal or I can negotiate further. Thanks.

kyfdx

volvodad said:

I will find out who is the leasing company. Are you thinking the incentives look better or worse than the Chrysler Capital lease? Just trying to see if this is a good deal or I can negotiate further. Thanks.

The incentives are higher on an independent bank lease, but the money factor and residuals will be different, as well.

lgnablu

Can you provide numbers for a 36/10 GC SRT lease in PA, please?

kyfdx

lgnablu said:

Can you provide numbers for a 36/10 GC SRT lease in PA, please?

.00012 MF and 52% residual

volvodad

The lease is through Chrysler Capital. .00002 MF, 51% Residual.

The deal is now $452/mo, 12k/yr with just first month's payment due at signing. Sales Price is $41,581 which dealer says is 1% under invoice due to my company affiliate pricing. Then they are applying $5000 in rebates ($2750 Northeast BC Retail Consumer Cash, $500 Ten Days to Deal Bonus Cash, $500 Direct Mail Coupon, $250 Northeast 2017 Bonus Cash NECHA, $1000 Conquest). What do you think? Is this a good deal or can I do any better?

volvodad

This is a Grand Cherokee Limited 4 x 4

kyfdx

volvodad said:

This is a Grand Cherokee Limited 4 x 4

That looks like a great deal

ervanbus

Hey guys. Looking for Grand Cherokee numbers for 4x4 Laredo E - 36/10 and 36/12. Also, 24/10 and 24/12. Thanks.

kyfdx

ervanbus said:

Hey guys. Looking for Grand Cherokee numbers for 4x4 Laredo E - 36/10 and 36/12. Also, 24/10 and 24/12. Thanks.

24: .00027 MF and 62%/61% residual
36: .00009 MF and 53%/52% residual

mjmart85

Can you give me lease numbers on a Grand Cherokee Altitude 4x2. 36/10 or 12 and 39/10 or 12. South Florida. 

Michaell

mjmart85 said:

Can you give me lease numbers on a Grand Cherokee Altitude 4x2. 36/10 or 12 and 39/10 or 12. South Florida. 

.00029 and 50% (36/12) or 48% (39/12)

Add 1% for 10K

bronder

Can i get the MF and Residual in Columbus, OH for a 2017 Grand Cheerokee Limited 4x4 both 12/36 and 15/36? Thanks!

Michaell

bronder said:

Can i get the MF and Residual in Columbus, OH for a 2017 Grand Cheerokee Limited 4x4 both 12/36 and 15/36? Thanks!

.00002 and 51% or 49%

jl724

2017 Altitude. $41,180 MSRP with $4,500 off. I see the residual of 52%, and based on the monthly payment they gave me ($489 with 7% sales tax and nothing down), it looks like a MF of .00057. MF seems high, but I don't know if that is because I am getting extra rebates coming from a competitor lease, so they aren't using Chrysler financial. Any thoughts?

Michaell

jl724 said:

2017 Altitude. $41,180 MSRP with $4,500 off. I see the residual of 52%, and based on the monthly payment they gave me ($489 with 7% sales tax and nothing down), it looks like a MF of .00057. MF seems high, but I don't know if that is because I am getting extra rebates coming from a competitor lease, so they aren't using Chrysler financial. Any thoughts?

Since we don't have the third party bank lease numbers, it's hard for us to qualify your lease.

Was the $4500 off before the incentives?

jl724

$4,000 of incentives, $500 discount. 

Michaell

jl724 said:

$4,000 of incentives, $500 discount. 

$500 off sticker doesn't seem like a whole lot.

krppr

Looking for a 2017 Jeep Grand Cherokee Laredo 15k 36 or 39 month lease in PA with zero down. What monthly payment should I expect? I'm seeing most Laredo's around 37k MSRP for 4x4. Any information would be great.
Thank you!!

Michaell

krppr said:

Looking for a 2017 Jeep Grand Cherokee Laredo 15k 36 or 39 month lease in PA with zero down. What monthly payment should I expect? I'm seeing most Laredo's around 37k MSRP for 4x4. Any information would be great.
Thank you!!

We would need to know both the MSRP and the negotiated price or adjusted cap cost to run the calculations.

nyleasevirgin

Hello! So,this was my New York 'deal' on A 2017 GC Limited with Lux 2 package. MSRP $45380.00. Final cost after all incentives $39689.00 with a MF of .00106 and a residual of $23148.00. Payments around $484 no money down 36/12000. If I pay TAXES ahead...payments go to around $424.
I am trying to negotiate a better MF. I am looking for validation on if this is what i should be doing or is this a decent 'deal 'as is'? I feel like they can move on the MF quite a bit reading your JULY numbers? Thoughts?

kyfdx

nyleasevirgin said:

Hello! So,this was my New York 'deal' on A 2017 GC Limited with Lux 2 package. MSRP $45380.00. Final cost after all incentives $39689.00 with a MF of .00106 and a residual of $23148.00. Payments around $484 no money down 36/12000. If I pay TAXES ahead...payments go to around $424.
I am trying to negotiate a better MF. I am looking for validation on if this is what i should be doing or is this a decent 'deal 'as is'? I feel like they can move on the MF quite a bit reading your JULY numbers? Thoughts?

They've misquoted the money factor. There is no way they could hit a payment of $484/mo. if they were using .00106

The base MF is .00002 and 51% residual
If it's a Chrysler Capital lease, they can only mark up the money factor by .00042 (which, they may have done).

nyleasevirgin

OK, thanks. I was just using a lease calculator and i could not get that payment either...thought I was dumb. lol
It is in black and white in an email from them. I'll check into it. Thanks a lot!

fentdizzle

Jeep Grand Cherokee Altitude 4x2 36/10 lease

MSRP 38,880
Selling Price of 34,500
(First months payment only at signing)

What would payment be? Also, is 36/10 lease the sweet spot?

Thank you!

fentdizzle

Arizona by the way

kyfdx

fentdizzle said:

Jeep Grand Cherokee Altitude 4x2 36/10 lease

MSRP 38,880
Selling Price of 34,500
(First months payment only at signing)

What would payment be? Also, is 36/10 lease the sweet spot?

Thank you!

fentdizzle said:

Arizona by the way

.00029 MF and 51% residual

39/10: .00029 MF and 49% residual (will be a little lower)

To calculate a payment, need the adjusted CAP cost with all the other fees/charges added in, plus the tax rate.