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2014 Jeep Grand Cherokee Lease Questions
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I just want to share with you a lease deal I signed tonight. Hoping that those of you who are looking, are able to get a good deal. Before I let everyone know my findings, please know this website rocks!!!. It is an essential tool to negotiate intelligently the lease of a vehicle. -Thank you!!!
Grand Cherokee Summit 2014
MSRP:52,585
Monthly lease: $655.00 a month. taxes included
paid 1st month + 395.00 bank fee + DMV.
you helped me decide on my lease.
2014 Jeep GC Overland Hemi 4x2 (MSRP 47,480):
39 months, 15,000 miles/yr, $1,000 total out of pocket = $580/Month with tax
They did not give me the residual/MF or cap cost on this latest deal, but it is a lot better. What does everyone think? Thanks!!
regards,
kyfdx
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3yr/15k per year
lux package
offroad adventure II
nav
added on side steps
MSRP44,985
Sale 45735
cap red 1240.20
wanted me to put down 3-4k for $632. Talked about maybe $550.
MF .00017 res 54%
Thank you
I'm currently getting offered the 2014 overland with navigation for $450 a month $5000 down.
NYC, manhattan.
Taxes and fees included
Many people will say that any cash down is a bad idea in a lease. $5000 over 36 months adds about $139 each month to your payment.
If your car is stolen or totaled you are out that money.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The rest of the info I can call tomorrow and find out.
This is the first time I'll be leasing, I don't want to get screwed
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The negotiated sales price is something you'll have to get from the dealer.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The sale price I have to call tomorrow, the sales manager was gone for the day who wrote the deal up
2014 Jeep Grand Cherokee Limited
Sunroof, Navigation, 20" wheels
MSRP: $42,175, cap cost: $38,240
$1,000 lease loyalty incentive
10k/39mos
.0017 money factor, $23,618 residual
$449/mo including MA taxes (0 down + tax, reg fee, & 1st month at signing)
Good deal?
I get a monthly payment of $417/mo when I plug in the numbers in the Edmunds lease calculator. Not sure what is making up the difference.
regards,
kyfdx
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I cannot make my #'s and the dealers close. The residual % is taken off the MSRP only correct? Bank Fee and any incentives or agreed price are not considered?
.00017 MF and 56% residual.. Subtract 2% for 39 month lease
Yes, residual is taken as a percentage of the bottom line on the Monroney sticker... no additions or subtractions...
regards,
kyfdx
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What is a "Monroney" sticker? Are you referring to MSRP?
Might you have a brief thought on the following deal? Is Ally really offering a better deal than Chrysler Financial? It seems that Chrysler may be better at their promotional lease rates, but perhaps the dealer doesn't want to "sell" the car for a figure that makes that work?
I have been negotiating on a 2014 GC Laredo 23E package, 18 in wheel/8.4 in Radio Group that has a sticker of $35,285 (including $995 destination charge).
Here's an excerpt of an email from the dealership for the numbers I've been quoted:
Ally leasing is the better program at this time. They use a rate instead of a money factor, and have a 2750 rebate available that is not otherwise available. It offsets the rate, and gives us lower payments than Chrysler Capital.
MSRP 35,285.00
Selling price 32,473.00
Ally Lease rebate -2,750.00
= 29,723.00 + tax, tags and processing
Your Lease numbers with 0 down and 1st payment due at signing....
24 months x 12k miles = 476 / month
24 months x 15k miles = 489 / month
36 months x 12k miles = 405 / month
36 months x 15k miles = 423 / month
The rate used for 24 months is 8.2. And the rate for 36 months is 6.55
Residuals...
24 mo x 12k = .69 x 35,285 = 24,346.65
24 mo x 15k = .68 x 35,285 = 23,993.80
36 mo x 12k = .62 x 35,285 = 21,876.70
36 mo x 15k = .60 x 35,285 = 21,171.00
Yes..
I don't have Ally rates.. In the end, all that matters is your money upfront and your payment, all other variables being equal..
It's not unusual for other banks to be competitive on lease rates with either GM or Chrysler.... the bankruptcy caused a lot of changes with their captive finance companies, and the resulting structure has introduced some competition.
regards,
kyfdx
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Any thoughts/insights are appreciated!
Thanks!
Cash sale price 43190
Acquisition fee 505
Vehicle total 43785
Cap reduction 2214
Adj cap cost 41570
Term 39
MF 0.00054 (told them I have excellent credit)
Res factor 49%
Driveoff 3500
Monthly base 544.83
Tax 49.03
Monthly payment 593.66
Is that a 39 month, 12K/yr lease? (guessing from the residual).. That's around $675 month, factoring in your upfront money... That's pretty rich territory for a Jeep lease.... I'm sure you could beat it by shopping around..
regards,
kyfdx
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It seems that the MSRP is 44190, $3500 down at signing so there payments come to 593.86.
Yes, 39 month, 12k ;ease.
Thanks again!
I really have no idea what the market is like for the 2014 Grand Cherokee, but a $1000 discount and maximum money factor mark-up doesn't sound like a very good deal... Of course, if you were just in there for 15 minutes, they may have just been throwing out the top price, to see if it would fly..
If you get a price that is $2000 lower, and the base money factor, that would knock an easy $80-$85/month off of your total payment... But, I don't know if that is a good deal.. Check out the Prices Paid discussion for the Grand Cherokee and see what people are paying....
These are huge payments for a $44K vehicle... If you drop down to the RWD Limited, the residuals are 4% higher...
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3 years/36k miles
MSRP - 48,380
Price - 45,021
Rebate - 1,000
MF - .00009
Residual - .52
Acq fee - 595
Gov't fee - 145
Taxes in IL - 3,293
Doc fee - 164.30
Lease price - $646/month with all taxes and fees included w/ zero down, only 1st month's payment due at signing
After driving the outlandish SRT, I'm strongly considering a lease since I love the gas mileage.
Can you please let me know the RV and MF for a 24/10K lease?
Cheers!
.00046 MF and 56% residual
Looks like you'll have a payment that will match your fuel bill.... ;-)
regards,
kyfdx
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Thanks in advance.
.00017 MF and 54% residual.
regards,
kyfdx
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I am new to this forum and would like to share a lease offer I received on a 2014 GC Limited 4x4 w/ the sunroof & 8.4N Radio/NAV option packages included. This lease is in New Jersey. Do you think this is a good deal?
39 month / 15,000 per year w/ $0 down. No lease loyalty or rebates included.
MSRP: $40,880
Cap Cost: $39,163.00
Sales Tax: $1,339.69 (7% in NJ)
Gross Cap Cost: $40,502.69
Residual: $21,257.60
MF: .00039
Monthly Payment: $517.55 includes tax
Total due at signing: $1210.05
Includes: 1st months pymt, Doc Fee ($289), DMV reg, title/lien fees ($396) & NJ tire tax (7.50).
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Thanks for your reply. How did you come up with $457.00? Are you calculating using a lower cap cost that can be negotiated?
24 month lease 12k miles per year
MSRP $44,785
$3000 down/ $395 per month
I apologize I do not have more details to provide, it was a quick quote from the dealer and I will be going back to discuss more soon. Based off the info given, can I get a better deal?
My current lease, a Range Rover sport has 2 remaining payments of $889.00 before lease end. I am considering the Jeep and was offered this deal from a dealership in N.Y.. I am curious to hear what people think, Is it Good, Bad or Ugly?
A 2014 Overland Without the tech package. 36 mos, 15K miles per year. I would pay tax, title and fees upfront totaling aprox $4,000. I believe the Msrp of the vehicle was $50,800. With this lease the dealership would pay the remaining two payments of the range rover totaling aprox $1800. I would still be responsible to turn in the RR to the dealership myself to incur any damages overage in miles etc. The monthly payment quoted was $635.00. per mos.
I should note that the reason I am considering this is because the Range Rover is aprox 1200 miles past the alloted mileage for the lease term and although there are only 2 payments left on the truck I am not scheduled to return it until the end of January. I am also concerned that I would be unlucky for the brakes or some other unforseen item to go on the truck requiring a hefty cost right before i return it.
Any help or suggestions would be greatly appreciated. Thank you in advance.
What confused me is that when negotiating with the dealer I was told of a $995 bank fee which coincidently is the same as the $995 destination charge. I checked my current Jeep lease documents with Hann Financial and my BMW lease with BMWFS and neither have any up front bank fees. Is this charge legit? According to the dealer my proposed GC lease is with Chrysler Financial.
I'm sure your other leases had bank fees, they were just rolled into the payment....
$995 bank fee is either marked up a lot for extra profit, or it's being run through a bank like Hann or USBank, instead of Chrysler Finance... That seems excessive...
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Plus, even if you pay off a lease early, they may not accept your early turn-in. If they won't, you'll have to keep it insured, etc..
I understand the trepidation of having a high-maintenance vehicle nearing it's lease end... but, I think you are giving away more money by jumping into a new vehicle that you could possibly save by ending your lease early.
regards,
kyfdx
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2014 Grand Cherokee Limited 4x4, 36 (and 39) month lease, 15k miles per year, Chicago metropolitan area.
Thank you.
.00028 MF and 51% residual
The 36 month residual is also 51%, interestingly enough..
The Grand Cherokee acquisition fee is only $295, this month.
regards,
kyfdx
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Can I get the MF and Residual for a 2014 GC Limited with 10k/12k miles for 24 and 36 months in New Haven County, Connecticut. It has been many years since I have leased with Chrysler, anything I need to know? I see on this forum that there are other "banks" that the dealers can work with?
Also, I am used to leasing with Ford, any differences I need to know? Taxes, ets?
Thanks in advance.
Ellen
.00028 MF and 53% residual
The 36 month residual is also 53%, interestingly enough.. 24 month programs are not that good.
The Grand Cherokee acquisition fee is only $295, this month.
The dealer will use whatever bank gives the lowest payment for given parameters.... This program is pretty aggressive.. I'd be surprised if any other bank would come close to the 39 month program.
As far as differences between leasing Chrysler or Ford? None that I know of..
regards,
kyfdx
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I am trying to figure the MF and Residual on a 36/39 month lease comparing 15k/12 year on a 2014 Grand Cherokee 4x4 Limited with the 3.6, tow package and LuxuryGroup II and 20" Wheels. The deal will be in Oregon. Incidentally, the salesman told me a lease will be 700-800 a month today, so I think he may have been confused.
Thanks!
Dave
regards,
kyfdx
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