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Car buying Advice - 2017 jeep grand cherokee limited lease

redquartzredquartz Posts: 7
edited April 2017 in Jeep
I am looking to lease a 2017 jeep grand cherokee limited. MSRP 42380. I can't remember the rest of the figures as they wouldn't let me keep the paper they were on.
they gave me 2 quotes
36 @431.46 12000 0 down
36 @ 399.41 12000 1000 down
this is all with 5200 in rebates. Is it possible to get the 0 down to 385.00/month?

Answers

  • kyfdxkyfdx Posts: 120,426
    redquartz said:

    I am looking to lease a 2017 jeep grand cherokee limited. MSRP 42380. I can't remember the rest of the figures as they wouldn't let me keep the paper they were on.
    they gave me 2 quotes
    36 @431.46 12000 0 down
    36 @ 399.41 12000 1000 down
    this is all with 5200 in rebates. Is it possible to get the 0 down to 385.00/month?

    We would need to know the selling price and/or adjusted CAP cost.
    Also, the state and tax rate.

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

    Edmunds Moderator

  • bjjeongbjjeong Posts: 2
    edited July 2017
    Just got lease offer but I'm not sure how good a deal it is.

    - California: 7.75% tax
    - 36 month, 10K miles

    Grand Cherokee Limited 4x2
    - Luxury Group II
    - Navigation

    MSPR: $44,140
    Dealer Discount: $2000
    Rebate: $2750
    Adjusted Cap. Cost: $41,586
    Down Payment: $0
    Acquisition fee: Waived
    Drive Off: Waived

    = $518/month (w/o Tax)
    = $560/month (w/ Tax)
  • kyfdxkyfdx Posts: 120,426
    bjjeong said:

    Just got lease offer but I'm not sure how good a deal it is.

    - California: 7.75% tax
    - 36 month, 10K miles

    Grand Cherokee Limited 4x2
    - Luxury Group II
    - Navigation

    MSPR: $44,140
    Dealer Discount: $2000
    Rebate: $2750
    Adjusted Cap. Cost: $41,586
    Down Payment: $0
    Acquisition fee: Waived
    Drive Off: Waived

    = $518/month (w/o Tax)
    = $560/month (w/ Tax)

    I get $535/mo.+tax with those numbers
    .00008 MF and 51% residual

    Considering the lease program, it's not a bad payment. If there is any room to get lower, it's with a bigger dealer discount.

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

    Edmunds Moderator

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