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2014 Jeep Grand Cherokee Lease Questions
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Comments
DAVE
The Overland model has a slightly lower money factor of .00013, but a residual that is also 4% lower... It will be quite a bit more to lease
regards,
kyfdx
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Love these forums and the great help they are...I am finally serious about getting into a jeep and need help.
Want to know the difference (or for that matter, overall numbers...mf/residual) for a 12k lease, 36/39 month on a grand Cherokee overland and summit. I'm curious if there is a large difference between the two given that the two are priced similar in msrp
You had provided me the rates and residuals on 14 GC Laredo 4x4 in October. Are they the same for November? If different can you please provide updated figures for:
36 and 39 months @ 10k and 12k miles.
Thanks Again!
I was hoping for help because I will be buying a car today or tomorrow.
JGC Limited, sunroof, nav. 36 mo Sign than drive for 15,000 mi per year.
MSRP 50,070 (Suspect this is BS) Overlands are that high, not limited.
Cap $44,500
Reductions $4600
Adj Cap 40545
$471.00
.00013 MF and 49% residual
Summit
.00024 MF and 45% residual
On the 36 month term, the Overland has the same 49% residual, but the Summit residual is 47%
regards,
kyfdx
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.00022 MF and 55% residual..
Subtract 2% for 39 months
Add 1% for 10K/yr
regards,
kyfdx
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I'm hope this isn't asking for too much, but I'm having trouble getting direct answer out of dealers. Could you give me the November residuals and money factors for a 2014 JGC Overland vs. Summit both with the Diesel engine, 36 mo, 10k miles/year?
Also, could you tell me if/how those numbers change with the V8 rather than the diesel?
Thanks!
.00013 MF and 50% residual
Summit
.00024 MF and 48% residual
If you get the Overland, go with the 39 month lease, as the residual is the same...
The lease programs don't show any differences regarding engine choice..
regards,
kyfdx
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Just out of curiosity, do you have any clue as to why the Summit MF nearly doubled this month?? That seems crazy.
Not equivalent to doubling from .0012 to .0024... That would be a big jump..
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Quick question...is there a difference with a 4x2 as opposed to 4x4? Residuals/MF? Thanks again
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.00028 MF and 54% residual... 39 month residual is also 54%
regards,
kyfdx
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.00028 MF and 54% residual... 39 month residual is also 54%
If rates change in the middle of the month, I won't know about it.. Seems unlikely they would get worse, though... Mid-month changes usually mean an improvement.
regards,
kyfdx
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I apologize for not being clear on my original post. Completely my fault.
Let me be clear so as to not waste your time...
Residuals/MF on 2014 RWD Grand Cherokee Overland and Summit for 12k miles...36/39 month lease.
Thanks again and I apologize for not being clear the first time.
.00019 MF and 49% residual. 39 month residual is 47%
Summit
.00068 MF and 47% residual. 39 month residual is 45%
regards,
kyfdx
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2014 JGC Limited Max Steel, Black Interior 39months, 7500 miles/yr
Luxury Group II Package, Nav, Off Road Adventure I, Engine Block Heater
1k down, $409/month (inc all taxes and fees rolled in)
I believe the sticker was $44,100 with a cap cost of $39,100 (Chrysler Affiliate Program)
Is this a good deal?
I was looking to make sure I was getting a good deal.
I came to a tentative agreement for a 2014 Jeep Cherokee Limited AWD. Moonroof and Nav.
MSRP was 32440
Initial Cap 29840
6.9 % APR through Ally with $2000 rebate from bank? and a 1000 rebate for competitive lease.
Residual 19840
36 Months
15,000 miles per year.
0 down, 0 due, tax title reg included.
405.11/month.
I get a gut feeling they should be about 20-30 less but I am not sure. Please let me know your thoughts! Any feedback would be helpful.
2014 Jeep Grand Cherokee Diesel
MSRP $48,180
Sales Price $43,078
39 months at 15k - Va (4% sales tax, $57 tags and $399 processing fee)
$645 per month with just the 1st month's payment due at signing
Thank you.
Which brings me to my question for kydfx. I know most if not all banks have aquisition fee's, but $895 seems excessive. What concerns me even more is that the bank fee on my lease was not a seperate line item but included as a capital cost reduction.
Makes me think that the dealer marked up the fee, but what advantage to the dealer would it be to put down as a cap reduction. Why wouldnt they just put the marked up bank fee as a seperate line item? Unless it helps me by bringing down the cap cost. Makes me think something fishy is going on. Any ideas as to whats going on here?
Unfortunatley I could not find a definitive answer to Ally's bank fee anywhere online. Anyone privy to this information?
I dont know how your credit is, but the bank will waive it only for top level credit. I have a 810 credit score and they negotiated the fee away. I didnt have to pay it and neither did they.
I purchased in MA at Herb Chambers Jeep Chrysler.
I am being offered the following deal for a 2014 Jeep Grand Cherokee Limited 4x2 v6. What do you think?
• Luxury Group II
• 20” wheels
• 39 month term
• 12k/year mileage program
• Nav included
• Sunroof
• $680 down + $489 (first month's payment) = $1169 (total down)
• $489 (monthly payment)
MSRP: $42,200
Adjusted Cap: $40,478
I sort of backed into the Adjusted Cap cost based on what the dealer quoted as a monthly payment, so I should be pretty close if not dead-on. All we discussed over the phone was money down and monthly payment. Based on those 2 factors, I've deduced the adjusted cap.
Thoughts?
2014 Jeep Grand Cherokee Laredo 4x2,10,000 miles and 12,000 miles for 36 months
Thanks in advance!
I also purchased a DIY report from them, which I found helpful, but ultimately couldn't get a dealer to even come close to it. I figured, since they stand behind the report, who better to go out and secure the deal? They guarantee it within $2-3 of the monthly price.
I will keep everyone posted. I was told the process typically takes 72 hours so I should have updates pretty quick.
.00024 MF and 54% residual
Add 1% for 10K/yr
regards,
kyfdx
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2014 jeep overland 4x4 with all the options list price of 49,100.
with 5 thousand down my payment would be 450 a month for 3 years/ 10k miles
what do you think?
Thanks!
.00055 MF and 64% residual
regards,
kyfdx
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Could you please help me. We are interested in purchasing a Jeep Grand Cherokee Limited 4X2 for 36 months at 15,000 miles. Could you please provide me with the residual and money factor.
Also, not sure if you know anything but I see under incentives a $3,250 Independent Lease Incentive available, we cant lease through Ally or US Bank. Do you know other companies we would lease through? And would the money factor change if we went through a different leasing company?
I appreciate your help!
10,000 miles a year
36 or 39 month lease
MSRP $31,990
What would be a good deal for my cap cost ($28,000??) Can I get invoice or below invoice price on this car? What would invoice be on a $31,990 msrp price?
Can I get into the low $200's for a monthly payment?
I received a quote from a reputable dealer in NY for a Grand Cherokee Limited 39-month term. MSRP is $40,888. Itemized costs are as follows.
vehicle cost - 39,103
markup - 100
acq fee - 895.00
fees & insurance - 371.50
less: trade-in - $9,800
less: rebate - $3,750
total cap reduction - $13,550
cap cost - $26,919.50
capped taxes - $1,135.51
total cap cost - $28,055.01
monthly payment - $242.38
$0.25 excess mileage charge
residual 51%
disclosed rate - .00118 (is this the money factor?) if so, seems high
Please advise if this offer appears reasonable and if there is room for negotiation. Also, i see on various dealer sites that a 36-month term is offered. Any ideas of the pros and cons of 36 vs 39 month term?
Thanks
Paul
Jeep GC Limited, 20" wheels, navigation
12k miles/yr
39 month lease
$440/monthly payment
$2,000 down payment ($1,560 + $440 first month = $2,000 down)
.00036 MF and 50% residual (39 month residual is also 50%)
These are Chrysler Financial numbers.. Only the dealer will know if he can give you a better deal with another bank... .and, yes... the numbers will be different (worse).
regards,
kyfdx
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For comparison, Chrysler Capital's bank fee is $595...
regards,
kyfdx
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This month, on Grand Cherokees, CC is offering the same residual for 39 month leases as 36.... In that case, it makes the 39 month lease a better deal..
If .00118 is your money factor, then that is high, and probably marked up... Depending on 4WD or 2WD, the money factor from CC is .00036 or .00028.
Also, think about your trade-in.... you are making a $9800 downpayment on this lease.... if you factored that into your payment, it would be $550/mo. or more... That is the true cost of the lease..
regards,
kyfdx
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Do these numbers hold true for 39mo at 12k as well?
Thanks.
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I've been to 2 dealerships here in CT and one quoted me first month down and fees $775 for a summit!!! and $650 for an overland.... Went to another and got $776 for Summit and $625 for overland? Is this normal I emailed a dealership in NY and asked if they could match the deal above for the summit for $650ish and they said yes but I'm going there tomorrow so we will see.....
Anyone get a good deal in south CT or New York and can recommend a dealership/ Salemans
thanks in advance
Can I please get money factor and residual on a 24-month lease with 12K and 15K miles per year? 2014 Grand Cherokee Limited 4x4, MSRP ~$40K
How (if at all) does a Chrysler Friends and Family discount affect these numbers?
Thanks!
Specs
2014 Jeep Grand Cherokee Limited
V6, 4x4
Luxury Group II
20" Wheels
Blk/Blk
Deal Pts
Payment $466/month
MSRP $44,985
Cap Cost $37,653
Cap Tax $2,112 (taxes rolled into monthly payment)
Total Cap $39,765
Res Value $23,320 (53%)
Miles 12K/yr
Months 42
Money Factor .00118 (APR 2.832%)
.00043 MF and 63% residual... Add 2% for 12K/yr
I gave you the 27 month numbers, as they are much better than the 24 month program... Any discounts wouldn't affect the money factor or residual.
regards,
kyfdx
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However, 42 months should drop your monthly to $605-ish range.
Larger question is why in the world would you pay 600/month for a Jeep GC Overland? Save yourself $150-200/month and get the GC Limited with the Luxury Group II pkg and add the 20" rims. Then, the ONLY 4 differences are the Overland badges, wood steering wheel, hydraulics which you will never use, and body color moldings (of which is indifferent if you are getting a dark color). Literally, that is the difference!