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2017 Jeep Grand Cherokee Lease

ncamp221ncamp221 Posts: 3
edited January 2017 in Jeep
Hello, Can anyone knowledgeable tell me what the following details would be on a good deal for a 2017 Grand Cherokee Overland 4x4 for a 36 month lease in Chicago area? I drive 18,000 miles/yr.

 -Residual
-money factor (good credit)

 I'm concerned the dealer is overstating the "Agreed Value" on my quote of $46,781 which is making the Gross Capital Cost of $49,370.64 more than necessary. The dealer had stated previously that the car would cost $43,281 - I think they are pulling a switcharoo. Also, the money factor of .003189 seems very high but I need a baseline average to compare it to. I think I can work with this dealer but it's so unfortunate they always try to hoodwink people. Any thoughts are appreciated by those in the know. Thank you!
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Answers

  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    ncamp221 said:

    Hello,

    Can anyone knowledgeable tell me what the following details would be on a good deal for a 2017 Grand Cherokee Overland 4x4 for a 36 month lease in Chicago area? I drive 18,000 miles/yr.

     -Residual

    -money factor (good credit)

     I'm concerned the dealer is overstating the "Agreed Value" on my quote of $46,781 which is making the Gross Capital Cost of $49,370.64 more than necessary. The dealer had stated previously that the car would cost $43,281 - I think they are pulling a switcharoo. Also, the money factor of .003189 seems very high but I need a baseline average to compare it to. I think I can work with this dealer but it's so unfortunate they always try to hoodwink people. Any thoughts are appreciated by those in the know.

    Thank you!

    .00007 MF and 54% residual for 36/15. We only have residuals for up to 15K/yr.
    Those are Chrysler Capital numbers. Your dealer may be using another bank.

    Money factors only go out to five digits, so ask them to verify that number.

    As far as the "Agreed Value", it's possible their original quote included a rebate, which has to be subtracted from the agreed value to match the "cost.
    But, they should be able to show the math.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • thx. I think that money factor is so low. How does one get it that low in negotiations? 
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    ncamp221 said:

    thx. I think that money factor is so low. How does one get it that low in negotiations? 

    That is the base number for top tier credit. Insist on it.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi,

    I'm looking at a 2017 Grand Cherokee Trailhawk lease and would like to know the residual and MF also any opinions on if this is a good deal, and what I should shoot for?

    Retail Price 47,830 > Net Cap Cost $39,501
    State; Oregon
    Mileage: 15,000
    Term:36 Months
    Down payment; $3000
    Monthly payment; $509

    Thanks you for the help.
  • kyfdxkyfdx Everywhere, USAPosts: 127,900

    Hi,

    I'm looking at a 2017 Grand Cherokee Trailhawk lease and would like to know the residual and MF also any opinions on if this is a good deal, and what I should shoot for?

    Retail Price 47,830 > Net Cap Cost $39,501
    State; Oregon
    Mileage: 15,000
    Term:36 Months
    Down payment; $3000
    Monthly payment; $509

    Thanks you for the help.

    .00020 MF and 55% residual

    Is the Net CAP cost after CAP cost reduction left over from the $3000 upfront?
    If so, then $380/mo.

    I'll guess this lease isn't through Chrysler Capital, and comes with a big rebate, but also higher money factor.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you!

    I have attached a screenshot the dealer quote. I belive Net CAP is after $3000 upfront and rebates.

    I definitely wasn't through Chrysler Capital and they mentioned they could lower the money factor if they ran the credit through US Bank.

    To clarify, are you saying I should be negotiating down to the region of $380 per month?



    Really appreciate the advice!
  • Is their any reason the dealer would not use Chrysler Capital?
  • kyfdxkyfdx Everywhere, USAPosts: 127,900

    Is their any reason the dealer would not use Chrysler Capital?

    They use USBank because FCA provides that big $5500 rebate, if they don't run it through Chrysler Capital. Hopefully, they only use USBank because it results in a lower payment.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Everywhere, USAPosts: 127,900

    Thank you!

    I have attached a screenshot the dealer quote. I belive Net CAP is after $3000 upfront and rebates.

    I definitely wasn't through Chrysler Capital and they mentioned they could lower the money factor if they ran the credit through US Bank.

    To clarify, are you saying I should be negotiating down to the region of $380 per month?



    Really appreciate the advice!

    To clarify, are you saying I should be negotiating down to the region of $380 per month?

    Not at all.. That was just a calculation using the numbers you provided. But, the lease isn't through Chrysler Capital, so those numbers are invalid.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • With all the rebates given, can I still negotiate the lowest top tier money factor? 
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    ncamp221 said:

    With all the rebates given, can I still negotiate the lowest top tier money factor? 

    If it's the lowest money factor, then no, you can't negotiate it lower.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Tmarino1Tmarino1 New YorkPosts: 5
    Can I get the March 2017 MF and RV for a 36 month 10k lease of a Jeep Grand Cherokee Limited in Brooklyn, New York. Also the name of the bank or lender. Thx
  • MichaellMichaell ColoradoPosts: 121,294
    Tmarino1 said:

    Can I get the March 2017 MF and RV for a 36 month 10k lease of a Jeep Grand Cherokee Limited in Brooklyn, New York. Also the name of the bank or lender. Thx

    Answered in the other thread you posted in.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • dylankneedylanknee Posts: 20
    Any chance I could see the MF and RV for a limited 4x4 in Washington?
  • MichaellMichaell ColoradoPosts: 121,294
    dylanknee said:

    Any chance I could see the MF and RV for a limited 4x4 in Washington?

    Sure - what lease term and how many miles per year?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • dylankneedylanknee Posts: 20
    Michaell said:

    dylanknee said:

    Any chance I could see the MF and RV for a limited 4x4 in Washington?

    Sure - what lease term and how many miles per year?
    Oops, sorry about that. 36/10?
  • MichaellMichaell ColoradoPosts: 121,294
    dylanknee said:

    Michaell said:

    dylanknee said:

    Any chance I could see the MF and RV for a limited 4x4 in Washington?

    Sure - what lease term and how many miles per year?
    Oops, sorry about that. 36/10?
    .00001 and 56%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • inadnptinadnpt Posts: 22
    Hello, can you please give me the MF and RV for a 2017 Grand Cherokee Altitude 4x4 in Rhode Island for a 36 month lease / 10K and 12K miles per year. Thank you!
  • MichaellMichaell ColoradoPosts: 121,294
    inadnpt said:

    Hello, can you please give me the MF and RV for a 2017 Grand Cherokee Altitude 4x4 in Rhode Island for a 36 month lease / 10K and 12K miles per year. Thank you!

    .00021 and 58% / 57%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Could I get MF and residual for Jeep Grand Cherokee Limited and Trailhawk V8 for 36/12 and 39/12 in Florida. Also, any lease cash that may be available. Thanks!
  • MichaellMichaell ColoradoPosts: 121,294

    Could I get MF and residual for Jeep Grand Cherokee Limited and Trailhawk V8 for 36/12 and 39/12 in Florida. Also, any lease cash that may be available. Thanks!

    4x2 or 4x4?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Everywhere, USAPosts: 127,900

    Could I get MF and residual for Jeep Grand Cherokee Limited and Trailhawk V8 for 36/12 and 39/12 in Florida. Also, any lease cash that may be available. Thanks!

    Assuming 4X4 (since the TH only comes that way)

    LTD: .00001 MF and 55%/52% residual
    TH: .00053 MF and 57%/54% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Residual and MF on a 17 Altitude 4x4
    36/12 in 68116? Any lease incentives?
  • MichaellMichaell ColoradoPosts: 121,294
    jrade81 said:

    Residual and MF on a 17 Altitude 4x4
    36/12 in 68116? Any lease incentives?

    .00018 and 51%

    No incentive information

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • I am interested in the MF and residual for both a 2017 GC Laredo and Limited 4x2 on a 24/10 or 36/10 in California. Thanks so much!
  • kyfdxkyfdx Everywhere, USAPosts: 127,900
    warbern said:

    I am interested in the MF and residual for both a 2017 GC Laredo and Limited 4x2 on a 24/10 or 36/10 in California. Thanks so much!

    Laredo
    .00014 MF and 58% residual
    .00018 MF and 49% residual
    Limited
    .00005 MF and 58% residual
    .00014 MF and 50% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • numbers on 2017 trailhawk 4wd on 36/10 and 39/10 please? In NC.
  • based on a post from sept above it looks like the 24 mo numbers look good. sorry if it is too much, but may i ask for those as well?
  • kyfdxkyfdx Everywhere, USAPosts: 127,900

    numbers on 2017 trailhawk 4wd on 36/10 and 39/10 please? In NC.

    based on a post from sept above it looks like the 24 mo numbers look good. sorry if it is too much, but may i ask for those as well?

    Standard MF and 50%/49% residual for 36/39 months.
    56% residual for 24/10.

    Doesn't look like there is any support for 2017 models.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • what is "standard mf"? forgive my ignorance.
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