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2014 Jeep Grand Cherokee Lease Questions

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Comments

  • Sounds like a great vehicle and a great deal!!!

    Hope you enjoy your 2014 Jeep Grand Cherokee.

    Lisa
    Customer Care
    Chrysler Group LLC
  • luigi08luigi08 Posts: 1
    I'm currently looking to lease a 2014 Jeep Grand Cherokee Limited in Ohio with the same options and even color. MSRP of $41,775.

    I'm getting quoted $484/month with $2000 due at signing. What dealership were you able to obtain the $449/month payment with only first and fees due at signing?

    Were there any incentives you used to get to that payment?
  • I'm in Mass and getting quoted $0 down $479 a month for a 39 month lease on a Limited Grand Cherokee MSRP $40,500. I've been pushing the sales person to come a little bit lower but they won't budge. Is this a good deal?

    Thx.
  • I wanted to share this deal I just got with the help of Inside Car Buying. I saw a bunch of people on different forums have used them and they have a lot of positive feedback on the web. Their DIY Dealer Report is "Hands Down" the best car buying tool for any shopper. I am a Math Teacher in Nassau County, NY and was in search of a 2014 Jeep Grand Cherokee Limited with sunroof and navigation for 39 months and 12,000 miles per year with just first month and DMV total out of pocket. The best I was able to do on my own after visiting 4 dealers and calling 2 others was $457 per month (about $38,400 selling price) with $1,027 total out of pocket leasing through Hann Bank.

    The very detailed DIY Dealer Report I received showed I should be able to obtain $416.27 per month with $731.77 total due at signing. I had the option of discussing the report with Inside Car Buying after receiving it. When I contacted them they made me aware of the fact that the last dealer I spoke to was charging me a "Clerical Fee" of $299. This is some made up "in-house" fee for added profit and its negotiable! Dealers do make it look like such a real fee since its pre printed on their Buyers Orders in bold print. Inside Car Buying stated they're sure 98% of buyers just pay it as they don't know any better.

    The other factor for the lower monthly payment besides a lesser selling price (I got the car for $37,414 which is $200 less than invoice and holdback plus $4,000 in rebates) was leasing the car through Teachers Federal Credit Union. I learned that any teacher teaching in Nassau or Suffolk Counties was entitled to this program at least in August, not sure if it will be continued. The bank fee of $895 was higher than Hann at $695, money factor of .00127 was slightly higher than Hann at .00120 but the residual 56% compared to Hann at 54% makes up for the difference saving me $11 more monthly. Hey, an extra $11 off per month over 39 months equals $429 which is more than my monthly payment, making the savings equal one less payment I would have to make plus I am being told they are much more lenient than Hann on the return of the vehicle at lease end.

    I guess my timing was right because I went to a different dealer yesterday that I had not visited before and while negotiating with the Sales Manager he saw I kept referring back to the DIY Dealer Report I had so he asked to see it. I showed him the report and he was very impressed. He said he would make it simple, if I drove the car home today he would match the numbers on the report as they had a program ending today and could use the extra sale. He referred to this program as "Fast Start" just incase this term can help anyone else.

    I was out of there in another hour and 20 minutes by the time I completed all the papers and they prepped the car with the exact numbers I received from Inside Car Buying. My only regret is not having the DIY Dealer Report prior to entering the first dealership as it probably would have saved me 8-10 hours of my time on a sunny Saturday visiting 4 other dealers! I would highly recommend Inside Car Buying as they are the true car buyers advocate.
  • I also live in NYS -- can you please tell us the name of the dealership you ultimately bought from? Thanks.
  • East Hills Jeep
  • bt83bt83 Posts: 9
    Hey everyone, can anyone provide me the MF and Residual on the 2014 GC Overland and Summit for a 36 month 12k a year lease in the NYC area. Thanks in advance.
  • kyfdxkyfdx Posts: 92,071
    Overland 4WD
    MF .00009 and 52% residual

    Summit 4WD
    MF .00033 and 49% residual

    36 mo., 12K mi/yr

    regards,
    kyfdx

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • bt83bt83 Posts: 9
    Thanks Kyfdx,

    Any chance you have the numbers for a limited 4WD 36 month 12k year.
  • kyfdxkyfdx Posts: 92,071
    .00008 and 55%

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • jb2ujb2u Posts: 12
    Are these MFs and residuals for V6 and V8 engines? If not please indicate which and provide the other. Thanks!
  • Cut a deal today on a 2014 GC Overland Hemi in Orange Co., California. Terms were:

    MSRP: $52,770
    Gross Cap Cost: $47,876
    Conquest Rebate: $1,000
    Net Cap Cost: $46,876
    36 Month/15,000 mile lease (Chrysler Capital)
    Residual: 50%
    Money Factor: 0.00009
    Base Monthly Pmt.: $575 (+ state sales tax)
    Paid up front: first mo. + acquisition fee + license/title fees
  • Can you give me the MSRP and the options on the vehicle you listed?
    I'm looking for something similiar.

    Thanks
  • kyfdxkyfdx Posts: 92,071
    The numbers are only adjusted for trim levels, not engine size...

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • From NJ.

    2014 Limited
    Sunroof
    NAV
    MSRP: $40,580

    $1000 down which includes first month payment
    Dealer is paying off the last month of my current BMW lease at $455
    Monthly Payment: $417
  • That seems like a great deal. Does it include tax, MVC fees etc? Assume 12,000 miles a year for 39 months?
  • yes, 12K miles and 39 months. It includes everything, taxes, fees, whatever else.
  • Can you please share the dealership info? I'm also in NJ. Thanks in advance!
  • Hi, I'm wondering if I should pull the trigger on this deal.
    2014 Jeep grand cherokee limited, 20 inch wheels.
    Msrp 42,000
    Got it down to 40,000 (invoice)
    36 months 15k
    $419 monthly payment
    2500 due at signing

    What do you think!?
  • Hi all,
    A little help please: Any lease numbers on a '13 Gr Cher Overland 4WD? Is it still possible to lease? Tons of cash on these, so looking at a deal.

    36 or 39 mos (what is best this month?) and 10k and 12k miles please. Money factor and residuals appreciated!!
  • Hi kyfdx,

    Is there any change on Sep leasing numbers? I am interested to know the residual and mf for 2014 limited 4x4 10K 36mo. Based on your last post, I think it is 56% and 0.00008. Do they apply to Sep also?

    Thanks much!
  • kyfdxkyfdx Posts: 92,071
    2013 Overland 4WD... .00012 and 46% for 39mo/12K... same residual for 36 months (so go with 39!!).. Add 1% for 10K/yr

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 92,071
    2014 limited 4x4 10K 36mo

    .00017 and 57% residual

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • Judging from the deal I got last month on my JGC Limited I would recommend you keep shopping. I used a DIY Dealer Report from Inside Car Buying and the process was effortless. I would suggest you look into this - :)
  • I never leased a car before, purchase only. I own 2012 Passat (finance through VW) and still own money on it. If I would trade in my 2012 Passat for 2014 JGC limited how would that work? What about tax that I paid on the vehicle when I purchased it? Will that apply to my new Jeep? How much should I be paying monthly on the 2014 JGC Limited 4x4 pretty much loaded MSRP around $46k? Dealer is selling it for around $42k.
  • Hey teach math,

    What were your numbers? How much did you end up putting down at signing, and how much are your monthly payments?

    Thanks for your help!

    Leo
  • How is this deal? Theyre giving me 1500 more for my trade than my other offers

    2014 Limited, plus Nav, Sunroof, and 20 Inch Wheels
    MSRP - $41775
    Invoice (Selling Price) = $39865
    39 Months
    10K Miles
    $449 per month with $983 (fees and first only upfront, $0 down)

    I tried this using 0.56 and 0.00017 but my numbers were slightly off so maybe they are wrong.

    Good or bad deal?
    Thanks, appreciate it.
  • Looking at the above posts, is there really a 10% difference on the residual values between the limited and overland? Please confirm.
  • How is this deal:

    2014 Limited with the following options:

    Navigation
    Tow Hitch
    Luxury Group II

    MSRP: $43,985
    Selling Price $40,714
    Inception Fees: $1,836.60
    Adjusted Selling Price of $42,550.6

    No Money down and $490 a month for 39 months
  • ax82ax82 Posts: 2
    Hey AF, can I ask what annual mileage you are getting for that price? Sounds like a good price though..
This discussion has been closed.