Car Buying Advice - 2017 4x4 Grand Cherokee Laredo Residual March

glennjrglennjr Member Posts: 37
edited March 2017 in Jeep
Hoping to lease a 17 Grand Cherokee Laredo 4x4 w/ Altitude package by the weekend. Could you provide the residual and money factor for a 36 or 39 with 15K?? Thanks so much

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  • kyfdxkyfdx Moderator Posts: 197,906
    glennjr said:

    Hoping to lease a 17 Grand Cherokee Laredo 4x4 w/ Altitude package by the weekend. Could you provide the residual and money factor for a 36 or 39 with 15K?? Thanks so much

    .00021 MF and 55%/52% residual for 36/39 months.

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  • glennjrglennjr Member Posts: 37
    Sorry to bug you again. How about the 4x4 limited residual and MF 36 or 39 15k
  • kyfdxkyfdx Moderator Posts: 197,906
    glennjr said:

    Sorry to bug you again. How about the 4x4 limited residual and MF 36 or 39 15k

    .00001 MF and 53%/50% residual

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  • glennjrglennjr Member Posts: 37
    Starting to think they do not want to move these vehicles. Looked at a 2017 4x4 Grand cherokee with altitude package over the weekend. Sticker was 40180. Was able to get them down to 35610 with discounts and rebates. According to my calculations and assuming a 7% sales tax in NJ i come up with $414 per month before inception fees. Dealer had me at 475!!! Also do you know if Chrysler financial is waving the acq fee??
  • glennjrglennjr Member Posts: 37
    Thanks. Yes$2250 rebate and confirmed acq fee is waived. I'm in NJ 
  • MichaellMichaell ColoradoModerator Posts: 193,287
    glennjr said:

    Starting to think they do not want to move these vehicles. Looked at a 2017 4x4 Grand cherokee with altitude package over the weekend. Sticker was 40180. Was able to get them down to 35610 with discounts and rebates. According to my calculations and assuming a 7% sales tax in NJ i come up with $414 per month before inception fees. Dealer had me at 475!!! Also do you know if Chrysler financial is waving the acq fee??

    glennjr said:

    Thanks. Yes$2250 rebate and confirmed acq fee is waived. I'm in NJ 

    If you signed the deal in March, the acquisition fee was waived. The numbers we have for April no longer show that incentive for the Grand Cherokee

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  • glennjrglennjr Member Posts: 37
    Unable to combine $3k rebate with Chrysler bank. Only get that if you use a 3rd party bank. Does that sound right?
  • kyfdxkyfdx Moderator Posts: 197,906
    glennjr said:

    Unable to combine $3k rebate with Chrysler bank. Only get that if you use a 3rd party bank. Does that sound right?

    Yes, if that's the IDL rebate. It's only good with an independent bank lease.

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  • glennjrglennjr Member Posts: 37
    Ill have to post the exact details of the deal later but I pulled the trigger on a 4x4 altitude in "rhino". 3 yr 45k and my payment is 404/mo. It was hard to judge my deal because I think they over reached on my trade.  I was in a 2015 pilot with 9 payments remaining. They must of given me $2k in equity to get the price that low. Thanks for all of your help and I will post details later if it helps anyone. 
  • kyfdxkyfdx Moderator Posts: 197,906
    glennjr said:

    Ill have to post the exact details of the deal later but I pulled the trigger on a 4x4 altitude in "rhino". 3 yr 45k and my payment is 404/mo. It was hard to judge my deal because I think they over reached on my trade.  I was in a 2015 pilot with 9 payments remaining. They must of given me $2k in equity to get the price that low. Thanks for all of your help and I will post details later if it helps anyone. 

    Congrats on the new Jeep!

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  • casblancasblan Member Posts: 4
    Hi, I'm looking to get the best lease deal on a 2017 Jeep Cherokee Laredo 4x4 (23E Package) and any and all information would be helpful. Does anyone know the current residual and money factor on 36 month /10k miles per month (assuming top tier credit). Also, there are several lease incentive going for Spring Clearance event but I can't seem to make the math add up for a offer I came across for a local Jeep dealer showing the model and terms above with a lease of $259.00 month and $0 down; excluding tax and fees. I called the dealer and the offer includes, MSRP $35,690, 55% residual and several incentives combined including incl: Competitive Lease Acquisition $1,0000.00, IDL $2,700, Competitive Retail Cash $1,250.00, Bonus Cash $500.00. If I calculate the lease payment based on the dealer's info I get a monthly payment of $401.00 (excluding tax and fees to keep comparison apples to apples). That's about $5,000 missing in the calculation. Anyone know how this is possible? Finally, the big question...Assuming the deal is as advertised (but can this can be applied to any lease deal based on a promotion with incentives), how likely am I to get the dealer to lower the MSRP for an even better deal? Are dealers totally against or restricted from going below MSRB when the lease is based on a special promotion? Edmundscom's info show the market price of 33k. My goal, if its not totally crazy, is to roll taxes, fees - basically everything - into the lease and keep the monthly payment the same. Thank everyone all in advance!
  • casblancasblan Member Posts: 4
    sorry all! that's a Jeep Grand Cherokee Laredo 4x4 with 23E equipment package.
  • kyfdxkyfdx Moderator Posts: 197,906
    casblan said:

    sorry all! that's a Jeep Grand Cherokee Laredo 4x4 with 23E equipment package.

    .00022 MF and 58% residual through Chrysler Capital

    Looks like that quote is through a 3rd party bank (IDL bonus), and we don't have those numbers.

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  • casblancasblan Member Posts: 4
    Thanks kyfdx! Any advice on negotiating Cap Cost during a special lease promotion? I know it will depend on the dealer, but on average, how likely are they willing to lower the Cap Cost on a lease special promotion offer?
  • MichaellMichaell ColoradoModerator Posts: 193,287
    casblan said:

    Thanks kyfdx! Any advice on negotiating Cap Cost during a special lease promotion? I know it will depend on the dealer, but on average, how likely are they willing to lower the Cap Cost on a lease special promotion offer?

    No information, or guidance on pricing.

    You can use the price tools here at Edmunds to get you started on a ballpark figure.

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  • casblancasblan Member Posts: 4
    Thank you again. Will look into it.
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