2017 Jeep Grand Cherokee Lease Deals and Prices

maxlev

As per previous post, would like February residual, money factor and deals on limited 4x4 for 36/15 and 39/15 leases. Shopping in Pennsylvania (philly burbs). Do options matter? If so, considering off-road package and sunroof. 

Thanks!

surferdrew

kyfdx said:

Curious to get your input on this quote I just got in SoCal. Jeep Grand Cherokee Trailhawk Hemi V8 (Trailhawk Luxury Group, Rock Rails, UConnect 8.4 NAV, Blind Spot and Cross Path Detection) MSRP: $52,020 Total Rebates and Incentives: $5750 Total Cap Reduction: $2675 Residual Amount: $29,651.40 (57% Residual) MF: 0.020 36/12k: $535.32 monthly (including taxes of $43.06) Drive off: $1650 (1st month 535.23 + upfront charges(?) $688.89)

The money factor should be .00020. Decimal placement is important. 57% is the correct residual. To hit a pre-tax payment of $492.26, the adjusted CAP cost would have to be about $46,800. How does that square up with your quote? Also, if you have $1650 upfront, you want to know exactly what that money is for.

Thanks! Yes, thanks for clarifying the MF...was sloppy in my typing and missed the decimal point.

That does line up and I'll explore what the upfront breaks down to be.

kyfdx

sstoyko said:

Hello,

Do you have February numbers for Limited (4x2) and Overland (4x2) for 36/10 and 39/10?

Thank You.

36/10:
LTD: .00009 MF and 57% residual
OVL: .00006 MF and 55% residual

39 month residuals are not good.

kyfdx

maxlev said:

As per previous post, would like February residual, money factor and deals on limited 4x4 for 36/15 and 39/15 leases. Shopping in Pennsylvania (philly burbs). Do options matter? If so, considering off-road package and sunroof. 

Thanks!

.00009 MF and 54% residual for 36/15.
39 month residual is not good.

Options don't matter, unless it's a diesel.

jsnbdgr

Could you pls share mr and residual for Overland and Altitude (4x2) for 36/10 and 39/10? Thx!

Michaell

jsnbdgr said:

Could you pls share mr and residual for Overland and Altitude (4x2) for 36/10 and 39/10? Thx!

OVR - .00006 and 55% / 50%
ALT - .00018 and 58% / 53%

czcon1

Hi,
The best I got on a 2017 Overland 4x4 MSRP $50,975 was around $45,700 I'd have to check my quote. That's still 10% off sticker. 0 down only first month and DMV fee's for $549 mon. 36/15k. 8% tax included. And they have to get from another dealer 2 hours away. Any thoughts?

Michaell

czcon1 said:

Hi,
The best I got on a 2017 Overland 4x4 MSRP $50,975 was around $45,700 I'd have to check my quote. That's still 10% off sticker. 0 down only first month and DMV fee's for $549 mon. 36/15k. 8% tax included. And they have to get from another dealer 2 hours away. Any thoughts?

.00007 and 54%.

With your prices, I get $551/mo with 8% tax included.

Looks like a solid quote. from the dealer.

captain303

Hi, could you please let me know the February - MF and Res. for the Limited 4x4 - 36 month, 10K & 12k leases and any Lease Cash available in the NY area. Also does Chrysler Capital have a return fee? Thanks!
My dealer is showing a $5750 rebate/cash but I think that is with a private bank.

Michaell

captain303 said:

Hi, could you please let me know the February - MF and Res. for the Limited 4x4 - 36 month, 10K & 12k leases and any Lease Cash available in the NY area. Also does Chrysler Capital have a return fee? Thanks!
My dealer is showing a $5750 rebate/cash but I think that is with a private bank.

.00006 and 58% / 57%.

I'm sure there is a termination fee from Chrysler Capital, but I don't see a value.

No incentives that we see from Chrysler.

3rd party banks do have large incentives associated with them.

nicksmu17

2017 SRT 4/4 36 month 10k lease in illinois? Thanks

kyfdx

nicksmu17 said:

2017 SRT 4/4 36 month 10k lease in illinois? Thanks

.00013 MF and 52% residual

ryansiebecker

Would I be able to have the SRT numbers for 24/10 in PA? Thanks in advance.

krusteaz

Looking for current lease numbers in WA for Overland 4x4 and Trailhawk for 36/15k? Thanks so much!

nicksmu17

Michaell said:

jsnbdgr said:

Could you pls share mr and residual for Overland and Altitude (4x2) for 36/10 and 39/10? Thx!

OVR - .00006 and 55% / 50%
ALT - .00018 and 58% / 53%

Any difference on these for 4/4 in Illinois?

Michaell

ryansiebecker said:

Would I be able to have the SRT numbers for 24/10 in PA? Thanks in advance.

.00036 and 59%

Michaell

krusteaz said:

Looking for current lease numbers in WA for Overland 4x4 and Trailhawk for 36/15k? Thanks so much!

OVR - .00007 and 54%
TRL - .00020 and 55%

Michaell

nicksmu17 said:

Michaell said:

jsnbdgr said:

Could you pls share mr and residual for Overland and Altitude (4x2) for 36/10 and 39/10? Thx!

OVR - .00006 and 55% / 50%
ALT - .00018 and 58% / 53%

Any difference on these for 4/4 in Illinois?

OVR 4x4 - .00007 and 57% / 52%
ALT 4x4 - .00002 and 59% / 55%

porsche0911

Jeep Grand Cherokee Limited 2017 msrp $43,380. 36 month lease, 10k miles, $359 a month, selling price $36,630, $6750 in rebates, $2200 drive off includes NYC taxes, bank fee, 1st month, plates. This deal was proposed after couple phone calls....think my shopping has ended ready to move forward. What do you think?

Michaell

porsche0911 said:

Jeep Grand Cherokee Limited 2017 msrp $43,380. 36 month lease, 10k miles, $359 a month, selling price $36,630, $6750 in rebates, $2200 drive off includes NYC taxes, bank fee, 1st month, plates. This deal was proposed after couple phone calls....think my shopping has ended ready to move forward. What do you think?

Looks like a third party lease. We'd suggest rolling the taxes and bank fee into the payment. If the lease ends early, you won't get a refund of the unused portion of those costs.

porsche0911

Yes, you are spot on local credit union is lessor. The discount includes $1000 for Lease Conquest. Dealer is fine with rolling more dollars into payment. Do you think this is good deal? Thank you!!

maxlev

porsche0911 said:

Yes, you are spot on local credit union is lessor. The discount includes $1000 for Lease Conquest. Dealer is fine with rolling more dollars into payment. Do you think this is good deal? Thank you!!

I like the sound of those numbers. Hopefully I see similar. 

Michaell

porsche0911 said:

Yes, you are spot on local credit union is lessor. The discount includes $1000 for Lease Conquest. Dealer is fine with rolling more dollars into payment. Do you think this is good deal? Thank you!!

Relative to MSRP, the payment looks good. It will be higher if you add the taxes and fees into the payment, but you reduce your risk of losing that money.

bear1975

Pricing a 36/15 Jeep Grand Cherokee Limited. MSRP $43,380
Sell $41,325
rebate $750
Residual $23,859
Tax 6.75 (Ohio)
MF .00006
Chrysler financing
$0 down
Quoted monthly payment of $469
Is this a good deal?
Thank you!

bear1975

Adding to the question above... The $469 includes tax and it's a 2017. Hope I didn't forget anything else. Thank you 

Michaell

bear1975 said:

Pricing a 36/15 Jeep Grand Cherokee Limited. MSRP $43,380
Sell $41,325
rebate $750
Residual $23,859
Tax 6.75 (Ohio)
MF .00006
Chrysler financing
$0 down
Quoted monthly payment of $469
Is this a good deal?
Thank you!

bear1975 said:

Adding to the question above... The $469 includes tax and it's a 2017. Hope I didn't forget anything else. Thank you 

.00006 and 55%

What is the adjusted cap cost? Ohio taxes the sum of the monthly payments and collects that money up front.

How much is due at signing?

bear1975

Originally, cap cost of 41,325 less 750 rebate. Tax 1137.73. Came up with $499 pmt. got $500 Truecar coupon they accepted. Dealer absorbing $879 up front fees. $0 down for me.  My apologies. I understand the calculations. Getting to the $469 total pmt came verbally over the phone after they initially said $499 pmt and i said no. Guess my question really is, is the payment fair for this vehicle, 3/36 $0 out of pocket?  If you're able to say, much appreciated. Thank you 

kyfdx

bear1975 said:

Originally, cap cost of 41,325 less 750 rebate. Tax 1137.73. Came up with $499 pmt. got $500 Truecar coupon they accepted. Dealer absorbing $879 up front fees. $0 down for me.  My apologies. I understand the calculations. Getting to the $469 total pmt came verbally over the phone after they initially said $499 pmt and i said no. Guess my question really is, is the payment fair for this vehicle, 3/36 $0 out of pocket?  If you're able to say, much appreciated. Thank you 

We only do the calculations. No idea really what that model sells for, or what rebates/incentives are applicable.

$469/mo, with $0 OOP seems very reasonable for that MSRP, though.

ZachAtak

Hi everyone,

Finally at a point in my life where i can afford to lease a new grand cherokee comfortably. I wanted some advice if this is a good deal. This is using employee pricing
Jeep Grand Cherokee 2017 75th Limited
Vehicle Price 44,950
Preferred Discount 4,291
Subtotal 40,659
Trade-in value 20,000
Fees 651.70
Taxe 1626.28
Trade in Payoff 18,606
Total Price 41,542

Rebates 6750
Cash down 0

12,000 miles a year for 36 months
residual value 26,521

Lease payment 430 a month

kyfdx

ZachAtak said:

Hi everyone,

Finally at a point in my life where i can afford to lease a new grand cherokee comfortably. I wanted some advice if this is a good deal. This is using employee pricing
Jeep Grand Cherokee 2017 75th Limited
Vehicle Price 44,950
Preferred Discount 4,291
Subtotal 40,659
Trade-in value 20,000
Fees 651.70
Taxe 1626.28
Trade in Payoff 18,606
Total Price 41,542

Rebates 6750
Cash down 0

12,000 miles a year for 36 months
residual value 26,521

Lease payment 430 a month

With that big rebate, this looks like an independent bank lease. We don't have the numbers for that.

But, if your only out of pocket is the $1400 in trade equity, that looks like a very good payment.

ryansiebecker

May I have the February numbers for the Summit 4x4 for 36mos/10K? I'm in PA. Thanks!

Michaell

ryansiebecker said:

May I have the February numbers for the Summit 4x4 for 36mos/10K? I'm in PA. Thanks!

.00004 and 53%

jefflavoie7

Hi first time here.  

Looking to lease 2016 gc overland diesel
42 months
I live in NH

Do you know what the MF is and residual?  

Are they negotiable? 
Does it matter if I buy in NH or a surrounding state? Does the rate and percentage apply to my state of residency? 

If so, I'm thinking about buying in Connecticut. 

Thank you for your help!

jefflavoie7

Sorry 10k miles per year 42 months
4x4 overland

kyfdx

jefflavoie7 said:

Hi first time here.  

Looking to lease 2016 gc overland diesel
42 months
I live in NH

Do you know what the MF is and residual?  

Are they negotiable? 
Does it matter if I buy in NH or a surrounding state? Does the rate and percentage apply to my state of residency? 

If so, I'm thinking about buying in Connecticut. 

Thank you for your help!

2016 discussion is here:
https://forums.edmunds.com/discussion/38729/jeep/grand-cherokee/2016-jeep-grand-cherokee-lease-questions#latest

jefflavoie7

Hey.  Thank you.  So I'm new to leasing. Are there fixed rates and residual values for each make model year engine?  Are they negotiable?  

Michaell

jefflavoie7 said:

Hey.  Thank you.  So I'm new to leasing. Are there fixed rates and residual values for each make model year engine?  Are they negotiable?  

The numbers are unique to each trim level. And, gas and diesel engines have different numbers.

The residual value is fixed by the bank, but the MF can be marked up by the dealer for extra profit.

maxlev

Got my initial quote from the dealer --- and I know this isn't the last quote --- just curious as to how much room to expect on the price.

Limited 4x4 w/Nav and Blind Spot Detection

MSRP: $43975

They showed me $478 with zero due at signing. Residual $25945. Lease through Ally at 7%??

Thoughts?

Thx.

Michaell

maxlev said:

Got my initial quote from the dealer --- and I know this isn't the last quote --- just curious as to how much room to expect on the price.

Limited 4x4 w/Nav and Blind Spot Detection

MSRP: $43975

They showed me $478 with zero due at signing. Residual $25945. Lease through Ally at 7%??

Thoughts?

Thx.

We don't have the Ally lease numbers, so can't tell you if that MF is marked up or not.

And, we don't track prices - use the "Make / Model / Year" pull downs at the top of the page to link to the price tools

beantownwave

Just got a quote from a dealer but not sure of the money factor as it wasn't listed

Lease on a 2017 Grand Cherokee Limited 4x4 - 36 months, 10k miles - In MA

MSRP: $43,380
Rebates: $5,750
Cap Cost: $37,630
Residual: $26,895.60
Due at signing: 1st months payment ($447.59) + Doc Fee, Registration and Tax ($504) + Tax (23.06) = $974.65

Total due per month: $447.59 (including tax)

Seems decent, still shopping around

Michaell

beantownwave said:

Just got a quote from a dealer but not sure of the money factor as it wasn't listed

Lease on a 2017 Grand Cherokee Limited 4x4 - 36 months, 10k miles - In MA

MSRP: $43,380
Rebates: $5,750
Cap Cost: $37,630
Residual: $26,895.60
Due at signing: 1st months payment ($447.59) + Doc Fee, Registration and Tax ($504) + Tax (23.06) = $974.65

Total due per month: $447.59 (including tax)

Seems decent, still shopping around

With those rebates, it's sure to be a 3rd party lease (US Bank or Ally). We don't have their numbers to confirm.

Looks like a solid deal, relative to MSRP.

jbarbosa

Hi, I'm looking for the MF & Residual (10k) on a 2017 Overland 4x4 V6. Thanks

Michaell

jbarbosa said:

Hi, I'm looking for the MF & Residual (10k) on a 2017 Overland 4x4 V6. Thanks

.00007 and 57%, assuming a 36 month term

jordie2

Hi! I am looking for the MF and RV of 2017 summit 4x4 V8 for: 36m/10k, 36m/12k, 39m/10k and 39m/12k
Thanks!!

Michaell

jordie2 said:

Hi! I am looking for the MF and RV of 2017 summit 4x4 V8 for: 36m/10k, 36m/12k, 39m/10k and 39m/12k
Thanks!!

.00004 and 52% (36/12) or 48% (39/12). Add 1% for 10K

jober01

Is there any data on how competitive Limiteds are leasing on a historical basis? I am trying to determine if I am better pulling ahead out of an existing lease now or waiting a few months. 

Michaell

jober01 said:

Is there any data on how competitive Limiteds are leasing on a historical basis? I am trying to determine if I am better pulling ahead out of an existing lease now or waiting a few months. 

No way to predict what will happen to the numbers down the road.

If there is a defined pull ahead program where the remaining lease payments are waived, you should look into it. Otherwise, those payments have to be addressed somehow - usually by adding them into your new lease.

dadas1978

Hi,

Can you please provide the MF and RV on the following below? My market is Charlotte, NC. Zipcode 28202

2017 Jeep Grand Cherokee Limited 12K miles/36 month lease
2017 Jeep Grand Cherokee TrailHawk 12K Miles/36 month lease
2017 Jeep Grand Cherokee Altitude 12K Miles/36 month lease

Thank you!!
Mac

Michaell

dadas1978 said:

Hi,

Can you please provide the MF and RV on the following below? My market is Charlotte, NC. Zipcode 28202

2017 Jeep Grand Cherokee Limited 12K miles/36 month lease
2017 Jeep Grand Cherokee TrailHawk 12K Miles/36 month lease
2017 Jeep Grand Cherokee Altitude 12K Miles/36 month lease

Thank you!!
Mac

Are the Limited and Altitude 4x4 or 4x2?

cargrl2

Hi - I'm looking for MF and Residual on a 2017 Altitude 4x4, 36 month lease, 12k miles. I'm in IL.

Thanks!