2024 Jeep Grand Wagoneer Lease Deals and Prices

Jscott25Jscott25 Member Posts: 2
edited December 2024 in Jeep

Hi - looking for advice on if this is a good lease? My zip code (10514). Also, what is the MF and RV?

2024 Grand Wagoneer Obsidian Series 11

MSRP $111,130
Sell Price $106,742
Rebates $17,250
Tax $6,000
42 month lease
7500 miles/year

Cash Down $2,500
Monthly Payment $1,299 (includes tax)

Dealer is also taking my 2022 Ford Expedition Max Limited Stealth Performance, which has 37k miles (lease allows up to 31k) and 7 payments remaining at $830/month, totaling $5,800. Expedition is upside down by about $20k (value $45k, buyout $65k). MSRP was $92k.

Comments

  • kyfdxkyfdx Moderator Posts: 257,338
    Jscott25 said:

    Hi - looking for advice on if this is a good lease? My zip code (10514). Also, what is the MF and RV?

    2024 Grand Wagoneer Obsidian Series 11

    MSRP $111,130

    Sell Price $106,742

    Rebates $17,250

    Tax $6,000

    42 month lease

    7500 miles/year

    Cash Down $2,500

    Monthly Payment $1,299 (includes tax)

    Dealer is also taking my 2022 Ford Expedition Max Limited Stealth Performance, which has 37k miles (lease allows up to 31k) and 7 payments remaining at $830/month, totaling $5,800. Expedition is upside down by about $20k (value $45k, buyout $65k). MSRP was $92k.

    Is this a Series II (2)?

    I don't see any reference to Obsidian. Maybe, that's just a package?

    .00237 MF and 47% residual
    $10,000 dealer cash
    $2000 Holiday bonus cash

    Are they adding $20K of negative equity to your deal? This part is unclear, and I can't see how they are adding $20K in, and getting this payment.
    Is $2500 the full amount Due at Signing?

    Why are you taking a 7500 annual mileage, when you seem to be driving about 15K/yr?

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  • Jscott25Jscott25 Member Posts: 2
    edited December 2024

    What is Dealer cash? Is it coming from the manufacturer or the dealer?

    Yes - Obsidian is a factory package/option and this is a Grand Wagoneer Series 2.

    Yes - $2500 is the full amount I pay due at signing. No tax, 1st month or security deposit. Tax is rolled into the monthly payment.

    Dealer is stating .00185 MF and 42% RV on a US Bank lease (apparently Chrysler terms aren’t competitive). Buyout at end of lease is $46.674 60.

    Dealer owns a Ford dealer so they are claiming they are paying off the remainder of the lease using a trade-in budget they can tap. I won’t be responsible for any over mileage or damage (there isn’t any). So yes, it’s likely factored into my deal somehow, but they aren’t buying the car to put on their used car lot.

    Taking 7500/yr mileage bc I’ve learned after 10 leases that on a trade, no dealer cares what the mileage is as long as it’s within 15k/miles year. You simply end up paying more during the lease for no advantage in the end unless you turn back the car to the dealer you bought it from at the end of the lease, which I never do. Residual values are a guess by the lender and they largely guess wrong, so why pay them more for no benefit?

  • kyfdxkyfdx Moderator Posts: 257,338
    Jscott25 said:

    What is Dealer cash? Is it coming from the manufacturer or the dealer?

    Yes - Obsidian is a factory package/option and this is a Grand Wagoneer Series 2.

    Yes - $2500 is the full amount I pay due at signing. No tax, 1st month or security deposit. Tax is rolled into the monthly payment.

    Dealer is stating .00185 MF and 42% RV on a US Bank lease (apparently Chrysler terms aren’t competitive). Buyout at end of lease is $46.674 60.

    Dealer owns a Ford dealer so they are claiming they are paying off the remainder of the lease using a trade-in budget they can tap. I won’t be responsible for any over mileage or damage (there isn’t any). So yes, it’s likely factored into my deal somehow, but they aren’t buying the car to put on their used car lot.

    Taking 7500/yr mileage bc I’ve learned after 10 leases that on a trade, no dealer cares what the mileage is as long as it’s within 15k/miles year. You simply end up paying more during the lease for no advantage in the end unless you turn back the car to the dealer you bought it from at the end of the lease, which I never do. Residual values are a guess by the lender and they largely guess wrong, so why pay them more for no benefit?

    We don't have the US Bank programs. Ours are from SFS. Dealer cash is Jeep to dealer money, that hopefully results in a lower selling price.

    The problem with not taking the mileage allowance you need is that now you're shopping early, and possibly getting a worse deal, because you have to trade in a car that has negative equity. And, if you don't do that, you have massive charges coming at lease end. By taking the lower allowance, the payoff is higher on your trade, and the negative equity is worse. You might not see it in the calculation for this deal, but it's there. No free lunch. All you've done is create a higher payment for the next vehicle.

    All that stated, the deal looks pretty good. I can see why they used US Bank. The adjusted CAP would have to be about $90,600 to get that payment, with the terms you listed.

    Bad news: It's really hard to trade out of a US Bank lease early. I tried in 2020 for a Tacoma, and literally couldn't do it. My only choice would have been to buy the vehicle, pay sales tax, then trade it in, myself.

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  • emad86emad86 Member Posts: 24
    Hi could I have the details for 2024 models below, 36\24 7500\10 k miles zip is 33028

    Grand Wagoneer Series II Carbide 4x4
    Grand Wagoneer Series II 4x4
    Grand Wagoneer Series III 4x4
  • MichaellMichaell Moderator Posts: 255,636
    emad86 said:

    Hi could I have the details for 2024 models below, 36\24 7500\10 k miles zip is 33028

    Grand Wagoneer Series II Carbide 4x4
    Grand Wagoneer Series II 4x4
    Grand Wagoneer Series III 4x4

    I don't see a Series II Carbide

    27/10
    36/10

    Series II
    .00199 and 52%
    .00207 and 46%
    $10K dealer cash

    Series III
    .00111 and 50%
    .00136 and 45%
    $15K dealer cash

    $2000 incentive

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  • tjeornitjeorni Member Posts: 16

    Apologies in advance as this is the 2024 forum, but there isn't a 2025 one yet. May I please have the RV, MF, and incentives for the following 2025 Wagoneer lease scenarios in 07730?

    Wagoneer 4x4 Series I

    • 39mo, 12k miles
    • 42mo, 12k miles
    • 48mo, 12k miles

    Wagoneer 4x4 Carbide (Series II)

    • 39mo, 12k miles
    • 42mo, 12k miles
    • 48mo, 12k miles

    Thanks very much in advance!

  • kyfdxkyfdx Moderator Posts: 257,338
    tjeorni said:

    Apologies in advance as this is the 2024 forum, but there isn't a 2025 one yet. May I please have the RV, MF, and incentives for the following 2025 Wagoneer lease scenarios in 07730?

    Wagoneer 4x4 Series I

    • 39mo, 12k miles
    • 42mo, 12k miles
    • 48mo, 12k miles

    Wagoneer 4x4 Carbide (Series II)

    • 39mo, 12k miles
    • 42mo, 12k miles
    • 48mo, 12k miles

    Thanks very much in advance!

    Please re-post in our new 2025 model discussion

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  • babestbabest Member Posts: 5

    good morning

    can I please have the MF, residual value and incentives on
    2024 Jeep grand wagoneer obsidian 4×4 in 99504

    Thank you

  • kyfdxkyfdx Moderator Posts: 257,338
    babest said:

    good morning

    can I please have the MF, residual value and incentives on

    2024 Jeep grand wagoneer obsidian 4×4 in 99504

    Thank you

    42/15
    .00134 MF and 40% residual

    $15,000 dealer cash
    $2000 bonus cash

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