Last post on Dec 06, 2013 at 9:24 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Jeep Grand Cherokee, Car Leasing, SUV
#1152 of 1385 Re: Leasing 2014 Jeep Grand Cherokee 4x2 V6 [twins12709]
May 30, 2013 (9:13 am)
Please ask Carman on this forum to give you the RV and MF for your 3 year/10K lease on the Overland and then you can validate against the dealer's numbers.
The calculations of a lease payment would be as follows,
Monthly Depreciation = (Cap Cost - (RV*MSRP))/Lease Term
Monthly Interest Charges = (Cap Cost + RV*MSRP)*MF
Monthly Lease (pre tax) = Monthly Depreciation + Monthly Interest Charges
*N.B.: Cap Cost assumes Negotiated Sales Price + Acquisition fee only (i.e., no cap cost reduction or $0 down)
#1153 of 1385 Re: Leasing 2014 Jeep Grand Cherokee 4x2 V6 [dewarsandsoda]
May 30, 2013 (9:54 am)
Thank you for your response. If I understand correctly, the two variables that are negotiable in a lease are the MF and the NSP (along with the acquisition fee if it exceeds $795). How do I confirm what the appropriate MF should be and what a fair NSP is?
May 30, 2013 (9:54 am)
my dealer is quoting me 53% residual and .00085 mf on a jeep overland. msrp 44k selling price 42k.
are these numbers off? is the mf or residual a "secret" .
can u post current residual and mf rates amd what payment would be (10k miles / yr 36 mths...little to 0 money down)
i have 781 credit score.
#1155 of 1385 Jeep Financing/Lease Question
May 31, 2013 (4:36 am)
This may or not be the proper place to pose this question, but from reading through the posts many of you seem very knowledgeable about Jeep/Chrysler related finance issues.
I currently have an '11 BMW 335i XDrive Coupe, and the lease ends September 2013. I'm already getting the auto emails from BMW of Manhattan to trade it for a new model, and they'll waive fees, waive my remaining payments, waive the first two payments on a new model.
I really want out of the car and back into an SUV (X5 is not an option)... Up unto October/Nov 2012, I had a credit rating of 735 (TU) 740 (Ex) 710(Eq); Hurricane Sandy wiped out my family in Long Beach, NY which is along the coastline, and the end of October 2012. I poured all of my money into getting them housed, fed, clothed with hopes of reimbursement from FEMA/Insurance - no such luck as of yet. I missed 3 payments on my BMW lease, and remained in complete contact with BMW Financial about my family circumstances (they verified my addresses as being in the affected area) - the basic customer service agent even waived my November payment, so technically I was only 2 payments behind, I gave them an exact date (Feb 1) that I would make the account current, and they told me it was absolutely no problem. BMW repossessed my vehicle on January 27, 2013 because it was two payments behind. I paid BMW through a ridiculous process via Western Union, and they released my car to me the next morning even though they had an option to auction it. The man on the phone told me that they would never auction it off for two payments being missed, yet he didn't have an answer as to why they would repossess after two missed payments. I digress. Nonetheless, as I near the end of my BMW lease, I absolutely will not lease from BMW again even though they are already qualified me a week ago during a run-flat replacement...
Given I have an excellent history of credit up until November 2012 (I now have a f$%! repossession on my credit reports) will Jeep qualify me for a '14 GC lease as I'm probably going to be considered high risk? Will they look at my credit reports as a whole.
Thanks for any respectful replies in advance.
#1156 of 1385 Re: Leasing 2014 Jeep Grand Cherokee 4x2 V6 [yandr]
May 31, 2013 (11:20 am)
Carman would be your most accurate source for the base rate MF and a target sales price. Two other alternatives on MF could be as follows,
1. Call several other Jeep dealerships and ask them for the MF's for top tier credit. Hopefully, you will get equivalent MF's, so you will be able to triangulate.
2. Check ridewithg.com as sometimes he posts the MF
Fortunately, American car companies have lower interest charges than their European counterparts. From the postings I've seen on here the MF's translate to <2% (i.e., MF x 2400). Cheers!
#1157 of 1385 Re: Jeep Financing/Lease Question [jbowz]
May 31, 2013 (11:26 am)
I'm very sorry to hear about your misfortune, jbowz. To my knowledge, all potential leases require that the dealer runs a credit report as that will dictate your credit tier and subsequent MF. That said, you should probably call Chrysler Financial, explain your situation, and ask them directly as to how it would be handled (i.e., would they only look at the current credit report or credit score history).
Jun 06, 2013 (6:13 am)
What are the June numbers (MF and RV) for a 2014 4x4 Overland V6 with 12k miles year/36 months? MSRP just under 47k. What should be an expected NSP? Is 10% under unreasonable? I am a returning jeep customer as well. Thanks to all in advance for any help. I've been a reader for some time now and finally an official user of the site.
Jun 06, 2013 (2:47 pm)
what are some lease deals that people are getting?
#1160 of 1385 2014 Jeep GC Overland 4x4
Jun 07, 2013 (7:37 pm)
I currently have an offer on the table for $559 a month for a 36 month lease with 12,000 miles per year with 0 down besides the fees and first months payment..taxes are rolled into the monthly payment..
Realistically how much farther down can I go. Its the Overland 4x4, WITHOUT the technology package. I would love to get it closer to 500 per month if its possible.
Thanks in advance!
#1161 of 1385 Re: hello [kwteng2]
Jun 07, 2013 (7:50 pm)
Live in NYC so expect to pay a bit of a premium, along with higher tax rate. For a 2014 GC Limited w/ Luxury & Tow IV Packages and 20" wheels ($45,080 MSRP) at 36 months/10,000 miles, I'm paying $515/month with a total of $1,415 down (this covered $900 fees + $515 first month). These are my all-in costs for the lease though I stupidly forgot to try to negotiate away the 'disposition' fee of $395 so I guess add that back in.