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2019 Jeep Grand Cherokee Laredo limited

angelfangluangelfanglu Member Posts: 14
edited May 2019 in Jeep
This is the first time I am trying to lease a car. I am wondering could anyone comment if this is a good deal? This is a 2019 Jeep Grand Cherokee Laredo:

MSRP: 42730
Selling price: 38999
MF: 0.00041
Residual: 0.55
Rebate: 2250
No down payment and first month payment
Monthly payment with tax (6%): 459.85



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    MichaellMichaell Moderator Posts: 241,316
    angelfanglu said:

    This is the first time I am trying to lease a car. I am wondering could anyone comment if this is a good deal? This is a 2019 Jeep Grand Cherokee Laredo:

    MSRP: 42730
    Selling price: 38999
    MF: 0.00041
    Residual: 0.55
    Rebate: 2250
    No down payment and first month payment
    Monthly payment with tax (6%): 459.85

    What Zip code is this for?
    4x4 or 4x2?

    Only the first payment is due at signing? That's not a bad deal.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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    kyfdxkyfdx Moderator Posts: 237,185
    angelfanglu said:

    This is the first time I am trying to lease a car. I am wondering could anyone comment if this is a good deal? This is a 2019 Jeep Grand Cherokee Laredo:

    MSRP: 42730
    Selling price: 38999
    MF: 0.00041
    Residual: 0.55
    Rebate: 2250
    No down payment and first month payment
    Monthly payment with tax (6%): 459.85



    Is it a base Laredo? Or, Upland, Altitude, etc?

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    angelfangluangelfanglu Member Posts: 14
    kyfdx said:

    angelfanglu said:

    This is the first time I am trying to lease a car. I am wondering could anyone comment if this is a good deal? This is a 2019 Jeep Grand Cherokee Laredo:

    MSRP: 42730
    Selling price: 38999
    MF: 0.00041
    Residual: 0.55
    Rebate: 2250
    No down payment and first month payment
    Monthly payment with tax (6%): 459.85



    Is it a base Laredo? Or, Upland, Altitude, etc?
    It is Laredo Altitude.
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    kyfdxkyfdx Moderator Posts: 237,185
    angelfanglu said:

    kyfdx said:

    angelfanglu said:

    This is the first time I am trying to lease a car. I am wondering could anyone comment if this is a good deal? This is a 2019 Jeep Grand Cherokee Laredo:

    MSRP: 42730
    Selling price: 38999
    MF: 0.00041
    Residual: 0.55
    Rebate: 2250
    No down payment and first month payment
    Monthly payment with tax (6%): 459.85



    Is it a base Laredo? Or, Upland, Altitude, etc?
    It is Laredo Altitude.
    Are you in PA? If so, there is an extra 3% tax on leases, so your rate would be 9%.

    4WD or 2WD?
    What term and mileage allowance?

    Edmunds Price Checker
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    Did you get a good deal? Be sure to come back and share!

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    angelfangluangelfanglu Member Posts: 14
    kyfdx said:

    angelfanglu said:

    kyfdx said:

    angelfanglu said:

    This is the first time I am trying to lease a car. I am wondering could anyone comment if this is a good deal? This is a 2019 Jeep Grand Cherokee Laredo:

    MSRP: 42730
    Selling price: 38999
    MF: 0.00041
    Residual: 0.55
    Rebate: 2250
    No down payment and first month payment
    Monthly payment with tax (6%): 459.85



    Is it a base Laredo? Or, Upland, Altitude, etc?
    It is Laredo Altitude.
    Are you in PA? If so, there is an extra 3% tax on leases, so your rate would be 9%.

    4WD or 2WD?
    What term and mileage allowance?
    Yes, I am in PA. I thought leasing is also following the sale tax in PA for 6%. The allowance is 10000 mile/yr. I think it is 4WD. This is the window sticker:

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    kyfdxkyfdx Moderator Posts: 237,185
    angelfanglu said:

    kyfdx said:

    angelfanglu said:

    kyfdx said:

    angelfanglu said:

    This is the first time I am trying to lease a car. I am wondering could anyone comment if this is a good deal? This is a 2019 Jeep Grand Cherokee Laredo:

    MSRP: 42730
    Selling price: 38999
    MF: 0.00041
    Residual: 0.55
    Rebate: 2250
    No down payment and first month payment
    Monthly payment with tax (6%): 459.85



    Is it a base Laredo? Or, Upland, Altitude, etc?
    It is Laredo Altitude.
    Are you in PA? If so, there is an extra 3% tax on leases, so your rate would be 9%.

    4WD or 2WD?
    What term and mileage allowance?
    Yes, I am in PA. I thought leasing is also following the sale tax in PA for 6%. The allowance is 10000 mile/yr. I think it is 4WD. This is the window sticker:

    36 months?

    If so, I have .00018 MF and 49% residual with $4500 incentive

    With the numbers you have, I'll guess it is a different leasing bank, than Chrysler Capital.
    Maybe, US Bank or Ally?

    I don't have their numbers, but I can see why the dealer would use them, with that higher residual.

    Are you just paying $459 at signing?
    If so, that seems like a decent deal.

    You should really get a look at the lease contract, so you aren't missing anything (like the tax rate).

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