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2024 Jeep Grand Cherokee L Lease Deals, Incentives, Rebates, and Prices

1356710

Comments

  • MichaellMichaell Moderator Posts: 258,944

    Hi can I please get MF and RV on 2024 grand Cherokee L Limited, 10k miles, 36 or 39 months. Not sure which is better. Any lease incentives? Zip is 06877. Thx!

    4x2 or 4x4?

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  • allibrown9allibrown9 Member Posts: 22

    @Michaell said:
    4x2 or 4x4?

    4x4

  • allibrown9allibrown9 Member Posts: 22
    edited February 2024

    I got a lease worksheet but the wording on their cash and incentives is confusing and I can’t seem to figure out how they are arriving at the payment.

  • MichaellMichaell Moderator Posts: 258,944
    Michaell said:

    Hi can I please get MF and RV on 2024 grand Cherokee L Limited, 10k miles, 36 or 39 months. Not sure which is better. Any lease incentives? Zip is 06877. Thx!

    4x2 or 4x4?

    @Michaell said:

    4x2 or 4x4?

    4x4


    .00035 MF and 56% RV
    .00014 MF and 54% RV
    No lease incentives

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  • MichaellMichaell Moderator Posts: 258,944

    I got a lease worksheet but the wording on their cash and incentives is confusing and I can’t seem to figure out how they are arriving at the payment.

    If they are showing an incentive, the dealer may be using a bank different from Chrysler Capital. We don't have any of those programs to reference, so I can't run the lease calculations for you.

    What is the MSRP of the unit referenced in the quote?

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  • allibrown9allibrown9 Member Posts: 22

    @Michaell said:
    If they are showing an incentive, the dealer may be using a bank different from Chrysler Capital. We don't have any of those programs to reference, so I can't run the lease calculations for you.

    What is the MSRP of the unit referenced in the quote?

    MSRP is $52,295

  • MichaellMichaell Moderator Posts: 258,944

    @Michaell said:

    If they are showing an incentive, the dealer may be using a bank different from Chrysler Capital. We don't have any of those programs to reference, so I can't run the lease calculations for you.

    What is the MSRP of the unit referenced in the quote?

    MSRP is $52,295


    Only $295 discount from sticker?

    Have you shopped around to see if you can get a better price?

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  • TurboH77TurboH77 Member Posts: 8
    edited February 2024

    Hi can I please get MF and RV on 2024 grand Cherokee L Summit Reserve 4x4, 12k miles, 36 months. Any lease incentives? Zip is 19426. Thank you in advance!

  • ryanh97ryanh97 Member Posts: 2
    Hi,

    Can I please have the MF, residual and any incentives for the 2024 Grand Cherokee L Altitude 4x4 in 18064

    39m/10k
    39m/12k

    Thanks!
  • MichaellMichaell Moderator Posts: 258,944
    ryanh97 said:

    Hi,

    Can I please have the MF, residual and any incentives for the 2024 Grand Cherokee L Altitude 4x4 in 18064

    39m/10k
    39m/12k

    Thanks!

    39/12
    .00179 MF and 58% RV
    $500 incentive

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  • kyfdxkyfdx Moderator Posts: 260,768
    TurboH77 said:

    Hi can I please get MF and RV on 2024 grand Cherokee L Summit Reserve 4x4, 12k miles, 36 months. Any lease incentives? Zip is 19426. Thank you in advance!

    .00126 MF and 53% residual
    No lease incentives

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  • allibrown9allibrown9 Member Posts: 22
    edited February 2024

    @Michaell said:
    Only $295 discount from sticker?

    Have you shopped around to see if you can get a better price?

    Ok - I’ve gotten this. What do you think? Patent an are still too high based on that cap cost. Also the taxes should be CT not NY.

  • kyfdxkyfdx Moderator Posts: 260,768

    @Michaell said:

    Only $295 discount from sticker?

    Have you shopped around to see if you can get a better price?

    Ok - I’ve gotten this. What do you think? Patent an are still too high based on that cap cost. Also the taxes should be CT not NY.


    I had to delete your copy, as your name and email address were clearly visible.

    Are you trading a car in? Equity in the vehicle?

    They aren't really showing any detail, other than a slight discount, so not much to go on.

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  • allibrown9allibrown9 Member Posts: 22

    @kyfdx said:
    I had to delete your copy, as your name and email address were clearly visible.

    Are you trading a car in? Equity in the vehicle?

    They aren't really showing any detail, other than a slight discount, so not much to go on.

    I am leaving my car out of the equation because Carmax is offering me more than this dealer would. I asked for more specifics on the deal sheet. Still not much more info… how do I proceed??

  • kyfdxkyfdx Moderator Posts: 260,768

    @kyfdx said:

    I had to delete your copy, as your name and email address were clearly visible.

    Are you trading a car in? Equity in the vehicle?

    They aren't really showing any detail, other than a slight discount, so not much to go on.

    I am leaving my car out of the equation because Carmax is offering me more than this dealer would. I asked for more specifics on the deal sheet. Still not much more info… how do I proceed??


    The numbers on the right: I don't see a mention of the acquisition fee. I don't get the sales tax number, at all. If this is NYS, I'm not sure how they get away with a $799 doc fee. Those numbers look like more of a purchase quote.

    54% residual is correct for 39 mo., at least

    It's impossible to guess how they got to $725/mo, without the actual screenshot of the lease numbers on the computer.

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  • allibrown9allibrown9 Member Posts: 22

    @kyfdx said:
    The numbers on the right: I don't see a mention of the acquisition fee. I don't get the sales tax number, at all. If this is NYS, I'm not sure how they get away with a $799 doc fee. Those numbers look like more of a purchase quote.

    54% residual is correct for 39 mo., at least

    It's impossible to guess how they got to $725/mo, without the actual screenshot of the lease numbers on the computer.

    He told me taxes are 7.75 in CT for cars sold over $50k. Hmm

    This dealer is in CT not NY so not sure about doc fee. What else do I need to ask for to figure out how they are marking up that monthly?

  • kyfdxkyfdx Moderator Posts: 260,768

    @kyfdx said:

    The numbers on the right: I don't see a mention of the acquisition fee. I don't get the sales tax number, at all. If this is NYS, I'm not sure how they get away with a $799 doc fee. Those numbers look like more of a purchase quote.

    54% residual is correct for 39 mo., at least

    It's impossible to guess how they got to $725/mo, without the actual screenshot of the lease numbers on the computer.

    He told me taxes are 7.75 in CT for cars sold over $50k. Hmm

    This dealer is in CT not NY so not sure about doc fee. What else do I need to ask for to figure out how they are marking up that monthly?


    You were the one that mentioned NY. :)

    Dealers don't usually lie about sales tax, so that's probably correct.

    I can only guess that the sales tax number is upfront tax on CAP reductions.

    Ask for the adjusted CAP cost, and an itemization of what's in it.
    Ask them for the money factor used.

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  • allibrown9allibrown9 Member Posts: 22

    @kyfdx said:
    You were the one that mentioned NY. :)

    Dealers don't usually lie about sales tax, so that's probably correct.

    I can only guess that the sales tax number is upfront tax on CAP reductions.

    Ask for the adjusted CAP cost, and an itemization of what's in it.
    Ask them for the money factor used.

    Thanks for helping me LOOK like I know what I’m talking about. 😂😂

    Here is the latest:

  • kyfdxkyfdx Moderator Posts: 260,768
    @allibrown9
    First, ignore section 5. Those are just total estimates, and none of those numbers is used in the lease calculation, directly.
    In Section 4, they've left out line b), which is where the first payment goes. If you add that in there, then the numbers should add up to your $2000 upfront.

    You know, the numbers changed since you first asked for them on the 6th.

    Effective 02/08, 39/10 is .00069 MF and 54% residual
    On your document, the MF used is .00090.
    That's a slight markup. Equivalent to 0.5% APR. About $19/mo.

    No incentives, a middling discount (under 4% of MSRP), and an average lease program doesn't make for a great lease payment. On top of that clawing back $800 of the discount with that large doc fee.

    The calculations are fine. I'd shop around to see if I could get a bigger discount (net of the doc fee). It doesn't matter how they split out the doc fee, you just want the lowest total price. And, also a dealer that won't markup the money factor.

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  • bucksin6bucksin6 Member Posts: 8

    Can I please get MF, residual and incentives for a 2024 GCL 4x4 Limited and Altitude X, 36/39 mo and 10k miles for 53022 zip code? Thank you!

  • kyfdxkyfdx Moderator Posts: 260,768
    edited February 2024
    bucksin6 said:

    Can I please get MF, residual and incentives for a 2024 GCL 4x4 Limited and Altitude X, 36/39 mo and 10k miles for 53022 zip code? Thank you!

    ALTX
    .00216 MF and 61% residual
    .00183 MF and 59% residual
    $2000 incentive

    LTD
    .00089 MF and 56% residual
    .00069 MF and 54% residual

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  • kjlmal21kjlmal21 Member Posts: 24

    Hello,
    Let me know what the MF, RV would be for a 2024 Grand Cherokee L 4x4 LIMITED, and if there are any Lease incentives.
    10K & 12K over 36 months
    Local Zip is 33172
    Thank you!

  • kyfdxkyfdx Moderator Posts: 260,768
    kjlmal21 said:

    Hello,

    Let me know what the MF, RV would be for a 2024 Grand Cherokee L 4x4 LIMITED, and if there are any Lease incentives.

    10K & 12K over 36 months

    Local Zip is 33172

    Thank you!

    36/12
    .00089 MF and 55% residual
    $1000 incentive

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  • jsquared123jsquared123 Member Posts: 13
    Hi there, looking for MF and RV for a 2024 Grand Cherokee L 4x4 Altitude X, 36 and 39 months, 10k, Zip 08753.

    Thank you!
  • MichaellMichaell Moderator Posts: 258,944

    Hi there, looking for MF and RV for a 2024 Grand Cherokee L 4x4 Altitude X, 36 and 39 months, 10k, Zip 08753.

    Thank you!

    .00216 and 61%
    .00183 and 59%
    No leaes incentives

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  • jsquared123jsquared123 Member Posts: 13
    Thank you!
    Michaell said:

    Hi there, looking for MF and RV for a 2024 Grand Cherokee L 4x4 Altitude X, 36 and 39 months, 10k, Zip 08753.

    Thank you!

    .00216 and 61%
    .00183 and 59%
    No leaes incentives
  • pennybirdpennybird Member Posts: 2
    Can I please get the MF, residual and any incentives for a 2024 Jeep Grand Cherokee L Summit Reserve 4x4? Zip 08087. 39 mo / 12k miles.
  • MichaellMichaell Moderator Posts: 258,944
    pennybird said:

    Can I please get the MF, residual and any incentives for a 2024 Jeep Grand Cherokee L Summit Reserve 4x4? Zip 08087. 39 mo / 12k miles.

    .00095 MF and 51% residual
    No lease incentives

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  • AZ_CarsAZ_Cars Member Posts: 14
    Can I please get the MF, residual and any incentives for a 2024 Jeep Grand Cherokee L Limited 4x4?
    Zip 43551
    39 mo / 15k miles.
  • kyfdxkyfdx Moderator Posts: 260,768
    AZ_Cars said:

    Can I please get the MF, residual and any incentives for a 2024 Jeep Grand Cherokee L Limited 4x4?
    Zip 43551
    39 mo / 15k miles.

    .00119 MF and 54% residual
    $2000 incentive

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  • jsquared123jsquared123 Member Posts: 13
    Could I have the MF, residual and any incentives for a 2024 Grand Cherokee L Laredo X 4X4?
    Zip 07712
    36 and 39 months, 10k Miles for each.
    Please and Thank you!
  • MichaellMichaell Moderator Posts: 258,944

    Could I have the MF, residual and any incentives for a 2024 Grand Cherokee L Laredo X 4X4?
    Zip 07712
    36 and 39 months, 10k Miles for each.
    Please and Thank you!

    .00235 and 63%
    .00214 and 61%
    No lease incentives

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  • jsquared123jsquared123 Member Posts: 13
    Michaell said:

    Could I have the MF, residual and any incentives for a 2024 Grand Cherokee L Laredo X 4X4?
    Zip 07712
    36 and 39 months, 10k Miles for each.
    Please and Thank you!

    .00235 and 63%
    .00214 and 61%
    No lease incentives
    Thank you!
  • MNnorthernMNnorthern Member Posts: 6

    Could I get the MF, residual and any incentives for a 2024 GC L 4x4 Limited 39/10k zip 55357 and
    2024 GC L 4x4 Summit 39/10k zip 55357?

    Thank you!

  • MichaellMichaell Moderator Posts: 258,944

    Could I get the MF, residual and any incentives for a 2024 GC L 4x4 Limited 39/10k zip 55357 and

    2024 GC L 4x4 Summit 39/10k zip 55357?

    Thank you!

    LTD - .00119 MF and 57% residual
    SUM - .00144 MF and 55% residual
    $2000 incentives

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  • bucksin6bucksin6 Member Posts: 8

    Can I please get MF, residual and incentives for a 2024 GCL 4x4 Limited and Altitude X, 36/39 mo and 10k miles for 53022 zip code? Thank you!

  • kyfdxkyfdx Moderator Posts: 260,768
    bucksin6 said:

    Can I please get MF, residual and incentives for a 2024 GCL 4x4 Limited and Altitude X, 36/39 mo and 10k miles for 53022 zip code? Thank you!

    ALTX
    .00265 MF and 63% residual
    .00214 MF and 61% residual
    LTD
    .00140 MF and 59% residual
    .00119 MF and 57% residual


    $2000 incentive

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  • mphst15mphst15 Member Posts: 3
    Can you please share the MF, residual and incentives for a 2024 Grand Cherokee L 4x4 Altitude X, for 36 and 39 months and 12k miles in 15065? Thank you in advance.
  • kyfdxkyfdx Moderator Posts: 260,768
    mphst15 said:

    Can you please share the MF, residual and incentives for a 2024 Grand Cherokee L 4x4 Altitude X, for 36 and 39 months and 12k miles in 15065? Thank you in advance.

    .00235 MF and 62% residual
    .00214 MF and 60% residual

    $500 incentive

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  • M_4M_4 Member Posts: 5

    Hello, please provide MF/RV and any incentives on these models in 07676 for 36/10k and 39/10k:

    24 Grand Cherokee L Laredo 4x4
    24 Grand Cherokee L Laredo X 4x4

    Thank you!

  • MichaellMichaell Moderator Posts: 258,944
    M_4 said:

    Hello, please provide MF/RV and any incentives on these models in 07676 for 36/10k and 39/10k:

    24 Grand Cherokee L Laredo 4x4

    24 Grand Cherokee L Laredo X 4x4

    Thank you!

    Lar
    .00232 and 63%
    .00211 and 61%

    LarX
    .00235 and 63%
    .00214 and 61%

    No incentives

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  • FishscalesFishscales Member Posts: 1

    Hello, please provide MF/RV and any incentives on ‘24 Grand Cherokee L Limited 4x4 in 48309 for 36/10k.
    Thank you

  • kyfdxkyfdx Moderator Posts: 260,768

    Hello, please provide MF/RV and any incentives on ‘24 Grand Cherokee L Limited 4x4 in 48309 for 36/10k.

    Thank you

    .00140 MF and 59% residual
    $2000 incentives

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  • mphst15mphst15 Member Posts: 3
    Can you please share the MF, residual and incentives for a 2024 Grand Cherokee L 4x4 Limited, for 39 months and 12k miles in 15136? Thank you again in advance.
  • kyfdxkyfdx Moderator Posts: 260,768
    mphst15 said:

    Can you please share the MF, residual and incentives for a 2024 Grand Cherokee L 4x4 Limited, for 39 months and 12k miles in 15136? Thank you again in advance.

    .00119 MF and 56% residual
    $500 incentive

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  • allibrown9allibrown9 Member Posts: 22

    I got a lease worksheet I need your opinion on! Zip is 06877. 2024 Altitude X 4x4.
    Let me know what you think … not sure about doc fee and vin etch

  • kyfdxkyfdx Moderator Posts: 260,768

    I got a lease worksheet I need your opinion on! Zip is 06877. 2024 Altitude X 4x4.

    Let me know what you think … not sure about doc fee and vin etch

    1) US Bank lease
    2) MRM is less than MSRP. This causes a reduction in residual of about $1300.
    3) Discount is approx $900 (less than 2% of MSRP) Offset by a $700 doc fee
    4) $2750 rebate with US Bank is probably higher than what you can get with Chrysler Capital
    5) We don't have the US Bank programs, so we can't tell if the money factor is marked up

    In any case, 2% off doesn't seem like much of a deal.

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  • RBDriveRBDrive Member Posts: 20

    Hello
    Can I please get the numbers on all lease options (36/10, 12,15) for Limited, Summit, Summit Reserve in zip code 02472? Current 2021 Mazda CX-5 driver. Many thanks!

  • MichaellMichaell Moderator Posts: 258,944
    RBDrive said:

    Hello

    Can I please get the numbers on all lease options (36/10, 12,15) for Limited, Summit, Summit Reserve in zip code 02472? Current 2021 Mazda CX-5 driver. Many thanks!

    4x2, 4x4 or 4xe?

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  • RBDriveRBDrive Member Posts: 20

    @Michaell said:
    4x2, 4x4 or 4xe?

    4x4

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