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2017 Jeep Grand Cherokee Lease Questions

kyfdxkyfdx Posts: 57,405
edited August 2016 in Jeep
Ask your 2017 Grand Cherokee lease questions here!

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  • jsl1949jsl1949 Posts: 9
    Can you tell me lease money factor/residual for 2017 Jeep Grand Cherokee Overland 4x4, 36 months, 10K miles.
  • kyfdxkyfdx Posts: 57,405
    jsl1949 said:

    Can you tell me lease money factor/residual for 2017 Jeep Grand Cherokee Overland 4x4, 36 months, 10K miles.

    No info on the 2017 model, yet. Probably not until September

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  • BEEMERXBEEMERX Posts: 6
    edited August 2016
    any luck on the numbers yet? I see some dealers have the cars in stock.
  • MichaellMichaell ColoradoPosts: 48,781
    BEEMERX said:

    any luck on the numbers yet? I see some dealers have the cars in stock.

    Nothing yet .. perhaps next month.

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  • hwajid2hwajid2 Posts: 10
    New to leasing. I'm trying to understand will there be a benefit to leasing a 2017 Jeep Grand Cherokee Overland vs the 2016 model (plan on 36/12k or 24/10k)? Any advice would be helpful.
  • MichaellMichaell ColoradoPosts: 48,781
    hwajid2 said:

    New to leasing. I'm trying to understand will there be a benefit to leasing a 2017 Jeep Grand Cherokee Overland vs the 2016 model (plan on 36/12k or 24/10k)? Any advice would be helpful.

    We don't have any 2017 Grand Cherokee lease numbers yet, so can't really answer your question.

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  • hwajid2hwajid2 Posts: 10
    Michaell said:

    hwajid2 said:

    New to leasing. I'm trying to understand will there be a benefit to leasing a 2017 Jeep Grand Cherokee Overland vs the 2016 model (plan on 36/12k or 24/10k)? Any advice would be helpful.

    We don't have any 2017 Grand Cherokee lease numbers yet, so can't really answer your question.
    Ok. Thanks.
    But in general I would think that leasing the older model (2016) would have a lower purchase price because wouldn't the selling price of a new 2017 be closer to MSRP? I understand the RV of the 2016 would be lower compared to a 2017 model, but wouldn't the car manufacturer provide more incentives to get the older 2016 out of the lot? Or does leasing just matter on what deals the dealer provides that month and is a bit more convoluted than I think?

    -Thanks for any help.Once again, novice here...
  • kyfdxkyfdx Posts: 57,405
    hwajid2 said:

    Michaell said:

    hwajid2 said:

    New to leasing. I'm trying to understand will there be a benefit to leasing a 2017 Jeep Grand Cherokee Overland vs the 2016 model (plan on 36/12k or 24/10k)? Any advice would be helpful.

    We don't have any 2017 Grand Cherokee lease numbers yet, so can't really answer your question.
    Ok. Thanks.
    But in general I would think that leasing the older model (2016) would have a lower purchase price because wouldn't the selling price of a new 2017 be closer to MSRP? I understand the RV of the 2016 would be lower compared to a 2017 model, but wouldn't the car manufacturer provide more incentives to get the older 2016 out of the lot? Or does leasing just matter on what deals the dealer provides that month and is a bit more convoluted than I think?

    -Thanks for any help.Once again, novice here...
    All that is logical, but it doesn't always work out that way. If Chrysler wants to move 2016 models, they can either cut the price to sell them, or put lease incentives on them to move them that way. What they might do and why is a job for their bean counters.

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  • MichaellMichaell ColoradoPosts: 48,781
    kyfdx said:

    hwajid2 said:

    Michaell said:

    hwajid2 said:

    New to leasing. I'm trying to understand will there be a benefit to leasing a 2017 Jeep Grand Cherokee Overland vs the 2016 model (plan on 36/12k or 24/10k)? Any advice would be helpful.

    We don't have any 2017 Grand Cherokee lease numbers yet, so can't really answer your question.
    Ok. Thanks.
    But in general I would think that leasing the older model (2016) would have a lower purchase price because wouldn't the selling price of a new 2017 be closer to MSRP? I understand the RV of the 2016 would be lower compared to a 2017 model, but wouldn't the car manufacturer provide more incentives to get the older 2016 out of the lot? Or does leasing just matter on what deals the dealer provides that month and is a bit more convoluted than I think?

    -Thanks for any help.Once again, novice here...
    All that is logical, but it doesn't always work out that way. If Chrysler wants to move 2016 models, they can either cut the price to sell them, or put lease incentives on them to move them that way. What they might do and why is a job for their bean counters.
    ...who often argue with the sales and marketing folks...

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  • hwajid2hwajid2 Posts: 10
    Michaell said:

    kyfdx said:

    hwajid2 said:

    Michaell said:

    hwajid2 said:

    New to leasing. I'm trying to understand will there be a benefit to leasing a 2017 Jeep Grand Cherokee Overland vs the 2016 model (plan on 36/12k or 24/10k)? Any advice would be helpful.

    We don't have any 2017 Grand Cherokee lease numbers yet, so can't really answer your question.
    Ok. Thanks.
    But in general I would think that leasing the older model (2016) would have a lower purchase price because wouldn't the selling price of a new 2017 be closer to MSRP? I understand the RV of the 2016 would be lower compared to a 2017 model, but wouldn't the car manufacturer provide more incentives to get the older 2016 out of the lot? Or does leasing just matter on what deals the dealer provides that month and is a bit more convoluted than I think?

    -Thanks for any help.Once again, novice here...
    All that is logical, but it doesn't always work out that way. If Chrysler wants to move 2016 models, they can either cut the price to sell them, or put lease incentives on them to move them that way. What they might do and why is a job for their bean counters.
    ...who often argue with the sales and marketing folks...


    Thanks guys
  • Any update on 2017 Jeep GC MF/RV? AWD OVL 36/12K
  • MichaellMichaell ColoradoPosts: 48,781
    hwajid2 said:

    Any update on 2017 Jeep GC MF/RV? AWD OVL 36/12K

    .00084 and 56%

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  • Any idea on incentives on 2017 Overland 4x4 re lease? loyalty? etc?
  • If the dealer buys my car from Chrysler credit to sell on their lot, do they get a discount from my residual value per lease?
  • MichaellMichaell ColoradoPosts: 48,781
    jsl1949 said:

    Any idea on incentives on 2017 Overland 4x4 re lease? loyalty? etc?

    We don't have any incentive information for Chrysler Capital.
    jsl1949 said:

    If the dealer buys my car from Chrysler credit to sell on their lot, do they get a discount from my residual value per lease?

    I'm not sure I understand the nature of your question ... are you talking about at lease end? The dealer buyout option is often less than what Chrysler will sell you the car for.

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  • Hi, I am looking for money factor and residual 36/15K on a 2017 Summit 4x4 V8 in Pa. Thanks in advance.
  • When my lease is due I have a residual value that specifies what my cost would be to buy. I called Chrysler and their comment was that the dealer would buy the car from Chrysler for an amount less than the residual if they wanted to sell on their used car lot. Is that true? and any idea how much? My residual value is $25,010 on 2014 Jeep Overland 4x4 with 30K miles and perfect condition.
  • kyfdxkyfdx Posts: 57,405
    jsl1949 said:

    When my lease is due I have a residual value that specifies what my cost would be to buy. I called Chrysler and their comment was that the dealer would buy the car from Chrysler for an amount less than the residual if they wanted to sell on their used car lot. Is that true? and any idea how much? My residual value is $25,010 on 2014 Jeep Overland 4x4 with 30K miles and perfect condition.

    It could be true. Chrysler Capital can't get the dealer to pay more than the actual wholesale value, regardless of the residual on your contract. The dealer is likely paying auction value for the vehicle.

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  • kyfdxkyfdx Posts: 57,405

    Hi, I am looking for money factor and residual 36/15K on a 2017 Summit 4x4 V8 in Pa. Thanks in advance.

    .00117 MF and 52% residual

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  • jet1959jet1959 Posts: 3
    edited September 2016
    2017 GC Trailhawk 36/12 lease - Received below quote from dealer. Seems ridiculously high to me. Any input on how bad this deal is or what I should be targeting for a payment given the info below? I know the residuals on the 17's aren't great right now, so maybe I would be better off waiting until they get better. Thanks

    MSRP $49,225
    Sale Price $46,004
    MF .00117
    Residual 52% 25,597
    Sales Tax 7% NJ
    Monthly Payment $696 (No money down)
  • kyfdxkyfdx Posts: 57,405
    jet1959 said:

    2017 GC Trailhawk 36/12 lease - Received below quote from dealer. Seems ridiculously high to me. Any input on how bad this deal is or what I should be targeting for a payment given the info below? I know the residuals on the 17's aren't great right now, so maybe I would be better off waiting until they get better. Thanks

    MSRP $49,225
    Sale Price $46,004
    MF .00117
    Residual 52% 25,597
    Sales Tax 7% NJ
    Monthly Payment $696 (No money down)

    I show Standard MF and 59% residual through Chrysler Capital.
    Your numbers look to be from an independent bank.

    Either way, I'd wait before signing up for that monthly payment.

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  • kyfdx said:
    2017 GC Trailhawk 36/12 lease - Received below quote from dealer. Seems ridiculously high to me. Any input on how bad this deal is or what I should be targeting for a payment given the info below? I know the residuals on the 17's aren't great right now, so maybe I would be better off waiting until they get better. Thanks MSRP $49,225 Sale Price $46,004 MF .00117 Residual 52% 25,597 Sales Tax 7% NJ Monthly Payment $696 (No money down)
    I show Standard MF and 59% residual through Chrysler Capital. Your numbers look to be from an independent bank. Either way, I'd wait before signing up for that monthly payment.
    What MF do you have?

    If I use the 59% and my existing MF i get a monthly payment of $575. Sounds more reasonable to me. Does that make sense? Thanks
  • MichaellMichaell ColoradoPosts: 48,781
    jet1959 said:


    kyfdx said:

    jet1959 said:

    2017 GC Trailhawk 36/12 lease - Received below quote from dealer. Seems ridiculously high to me. Any input on how bad this deal is or what I should be targeting for a payment given the info below? I know the residuals on the 17's aren't great right now, so maybe I would be better off waiting until they get better. Thanks

    MSRP $49,225
    Sale Price $46,004
    MF .00117
    Residual 52% 25,597
    Sales Tax 7% NJ
    Monthly Payment $696 (No money down)

    I show Standard MF and 59% residual through Chrysler Capital.
    Your numbers look to be from an independent bank.

    Either way, I'd wait before signing up for that monthly payment.

    What MF do you have?

    If I use the 59% and my existing MF i get a monthly payment of $575. Sounds more reasonable to me. Does that make sense? Thanks

    Standard MF is around .00200 for Chrysler Capital.

    Not likely to see the residuals improve, but there is a lot of room for the MF to come down.

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  • Thanks.  

    Just got another lease offer from a PA dealer for $731 a month on the same trailhawk. Guess these dealers just want to keep these cars to themselves.  I can lease a gle or x5 for less.
  • MichaellMichaell ColoradoPosts: 48,781
    jet1959 said:

    Thanks.  

    Just got another lease offer from a PA dealer for $731 a month on the same trailhawk. Guess these dealers just want to keep these cars to themselves.  I can lease a gle or x5 for less.

    New model year + new trim level + limited availability = high lease payment.

    Yes, you can lease a German SUV for a comparable price.

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  • Are 2017 Trailhawk and Summit lease rates available yet (MF & Residual)? If so please provide for best monthly term. Thank you!
  • MichaellMichaell ColoradoPosts: 48,781

    Are 2017 Trailhawk and Summit lease rates available yet (MF & Residual)? If so please provide for best monthly term. Thank you!

    Assuming 4x4 for the Summit ....

    36/15 numbers:
    Summit - .00117 and 52%
    Trailhawk - standard MF (around .00200) and 57%

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  • Michaell said:

    Are 2017 Trailhawk and Summit lease rates available yet (MF & Residual)? If so please provide for best monthly term. Thank you!

    Assuming 4x4 for the Summit ....

    36/15 numbers:
    Summit - .00117 and 52%
    Trailhawk - standard MF (around .00200) and 57%
    Thank you! +2% for 12k, right?
  • MichaellMichaell ColoradoPosts: 48,781

    Michaell said:

    Are 2017 Trailhawk and Summit lease rates available yet (MF & Residual)? If so please provide for best monthly term. Thank you!

    Assuming 4x4 for the Summit ....

    36/15 numbers:
    Summit - .00117 and 52%
    Trailhawk - standard MF (around .00200) and 57%
    Thank you! +2% for 12k, right?
    Yes, that is correct.

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  • stumc1stumc1 32832Posts: 18
    Hello,

    I saw your answer above for the Summit 4X4, is the MF & residual % different for a 2017 GJC Summit 4X2?

    Looking for 36/12 and 36/15 values if they are different.

    Thanks
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