Last post on Dec 11, 2013 at 6:03 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Jeep Grand Cherokee, Car Leasing, SUV
#1243 of 1406 Re: Jeep Grand Cherokee: Lease Questions [CarMan@Edmunds]
Sep 26, 2013 (5:25 pm)
I'm in the market for a 2014 JGC limited with the luxury 2 option added. I sat down at the dealership the other day, and was quoted a long term lease as follows:
54 months $567 with no money down
54 months $547 w/$1k down
* The point of the long term lease is to get me into the car for a decent monthly price as I will be putting considerable miles (25K/yr) on the car and will be buying and selling it at the end of the term. I also have a 2012 Volkswagen GLI Autobahn edition that I owe approx: $20,600, and the dealership is willing to give me $17,000 for it.
I've never leased before, is this remotely good? Run far away from this deal?
#1244 of 1406 Re: Inside Car Buying (DIY) - Scam? [stoavio]
Sep 28, 2013 (6:33 am)
Would you be so kind to share the spreadsheet you created. It must be very helpful doing comparison. Having it on paper has proven to be a pain.
#1245 of 1406 Re: 2014 Jeep Grand Cherokee Overland Summit lease [kyfdx@Edmunds]
Sep 28, 2013 (6:39 am)
is the residual value, 46% correct?
I saw another post from kydx stating that the residual value for overland was 52%.
#1246 of 1406 Re: 2014 Jeep Grand Cherokee Overland Summit lease [lepia]
by kyfdx@Edmunds HOST
Sep 28, 2013 (12:46 pm)
Overland and Summit.. two different models, with different residuals..
#1247 of 1406 Re: 2014 Jeep Grand Cherokee Overland Summit lease [kyfdx@Edmunds]
Sep 30, 2013 (7:25 am)
Can I get the MF and residual on a GC Summit. I would like to know the numbers for both 12k and 15k miles and also the difference between 24/36/39 months. Thank you!
#1248 of 1406 JGC Limited Lease
Sep 30, 2013 (8:38 am)
About to lease a 2014 JGC Limited, MSRP $43190.
39months, 15k miles a year, $1000 down (inc. 1st payment) = $480 month.
A lot of people here are asking about MF and Residuals? Am I wrong that each leasing company sets their own parameters? I've gone to about 5 different dealers, and everyones interest rates and residuals are different b/c they all use different lenders. (Some overlap, but each dealer also seems to have access to a few lenders that others dont)
#1249 of 1406 Re: 2014 Jeep Grand Cherokee Overland Summit lease [fsunole1]
by kyfdx@Edmunds HOST
Sep 30, 2013 (2:25 pm)
"the MF and residual on a GC Summit. I would like to know the numbers for both 12k and 15k miles and also the difference between 24/36/39 months."
24 month MF is .00010. Residual is 56% for 15K/yr, 57% for 12K/yr
36 month MF is .00013. Residual is 46% for 15K/yr, 48% for 12K/yr
39 month MF is .00013. Residual is 45% for 15K/yr, 47% for 12K/yr
#1250 of 1406 Re: 2014 Jeep Grand Cherokee Overland Summit lease [kyfdx@Edmunds]
Sep 30, 2013 (2:59 pm)
THANK YOU. My dealer has mentioned that there may be a change tomorrow with the programs? He also said it may stay exactly the same.
#1251 of 1406 Re: JGC Limited Lease [bjthegame]
Sep 30, 2013 (3:02 pm)
My initial reaction is that this sounds pretty good. I think others on this forum would tell you to get the MF and residual so we get further analyze and see if there's more wiggle room.
#1252 of 1406 Re: JGC Limited Lease [bjthegame]
Sep 30, 2013 (5:48 pm)
About the lender question. Did they give you the names of the financial institutions? I'm not that familiar with Chrysler's lease programs. I know when I leased my GM vehicle there were two financial institutions GM dealers used and the MF/Residual would vary slightly depending on which one was used. What area of the country are you getting the above mentioned deal?