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  #37  
Old 03-15-2015, 02:27 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

All in Tax title fees lifetime warranty and fully loaded (every option configurable) Altitude I pay $597 @ 72months 2.34% interest. Only put 500 down on it from my deposit to order.

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  #38  
Old 03-18-2015, 09:20 AM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

I had a trade in that I put towards the jeep mine has the same features that you have wish they applied the better speakers in the jeep for the 14 models looks like I will be changing out the system


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  #39  
Old 03-18-2015, 10:48 AM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

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Originally Posted by skunkd View Post
Group buy is only good for purchasing

It's a dealership. They'll still tickle his bawls with a lease option.
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  #40  
Old 03-18-2015, 12:15 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

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It's a dealership. They'll still tickle his bawls with a lease option.
It's not competitive you can find it locally for the same or better if you are looking to lease.
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  #41  
Old 03-18-2015, 01:52 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

It's math folks $522 a month for a $37K vehicle 36 month low mileage lease is way high. The residual is set by Jeep and the lower you can get the OUT THE DOOR price (Cap Cost) the less your payment is going to be. Putting down money is going to lower the cap cost but in a lease that's money out the window. You should factor that money down in to 36 payments and just make a higher payment instead. (basically the same thing). There comes a point where if the lease payment is closer to purchase something is wrong...

On a $37Kish car a good deal is high $300s/low $400 with tax. With lease incentives and discounts you should be able to get the vehicle around $35kish easily out the door. I don't have my paperwork in front of me but my $38K stickered 15 Altitude is $390 a month. I covered DMV. Tax is included in your monthly payment. 36 month 12K miles.

A low mileage lease has a higher residual so the payment is a "little" less since the car is less driven. Works in the reverse if you do high mileage leases.
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  #42  
Old 03-18-2015, 03:15 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

I leased my '14 Altitude (12,000 miles) last may but I got out of another lease early on my '12 Regal GS and I had negative $6000 equity from getting out of that lease early. My payment on my Altitude is $586 TTL w/$2000 down payment. So Just think how much less my payment would be if I didn't have the negative $6000 from my other lease. If your payment is in the 500's for a lease that's too high for something under 40k.
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  #43  
Old 03-25-2015, 11:21 AM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

The problem with the 2015 Altitude (4x2 w\ camera) lease these days and finding a good lease deal is the availability of the SUV. Not a lot of them in stock at local dealers (especially white ones) in Southern CA, so dealers are jacking up the MF. Chrysler has .00011 MF but dealers are allowed to mark up .00042 so multiple dealers are quoting the .00053 lease rate (MF) and they are not budging which is surprising. Resdiual is 55%.

Leasing one for 36/12k at invoice (approx $35k) and using $1k Conquest cash rebate and paying minimum drive-offs and using that high MF (.00053) the payment is $416 (including 8% tax). Using the published Chrysler MF (.00011) it would be $391 (including 8% tax).
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  #44  
Old 03-25-2015, 11:48 AM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

I did some more checking and it looks like invoice is approx $36500 (not $35k) from checking online (True Car), as well as asking 2 different dealers. Using same numbers you be around $463 per month.

Of the 3 local dealers I spoke with, none are budging off that .00053 MF which is jacking the price up $27 per month. Crazy.

Supply and demand I guess.
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  #45  
Old 03-25-2015, 02:39 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

Yup supply and demand..if you don't want to take their deal they have people right behind you that will.

I bought/leased mine literally coming off the truck and 2 people walked in and wanted to test drive it. They were told there was already a buyer and they didn't know when they would be getting more. That was a month ago and the dealer still doesn't have one. Hopefully that plays in our favor when leases are due maybe they might want to buy back used Altitudes if the marker is still hot for higher then my buy out. (equity )
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  #46  
Old 03-25-2015, 02:51 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

The one they had on the lot and I test drove last week sold the next day. I was still negotiating my trade-in. The one I want now is still on a train due next week and people are lining up waiting for it. I was first in line and have a deposit down so it's mine... all mine!

The dealer claims they ordered this one last July. Maybe Jeep is doing this on purpose?
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  #47  
Old 03-25-2015, 02:58 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

Yeah I would say don't lose out holding out trying to save a few bucks....if the dealer smells blood they will pass on you and go to the next willing buyer. Sucks trying to deal on something they can easily move on to the next guy if you hesitate... Slap down your money and don't look back.

Here's mine fresh off the truck
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  #48  
Old 03-25-2015, 03:16 PM
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Re: 2015 Grand Cherokee Altitude Lease (Good Deal?)

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Originally Posted by robs15altitude View Post
Here's mine fresh off the truck
Looks great. I wasn't sure about the black gloss wheels at first but they grew on me. Just happy the wifer liked them too.

Trading in a 2013 Tahoe so just hope I am happy. I loved the speed\torque on the Altitude. Cargo space is important to us as we are very active and not having the 3rd row (like in the Tahoe) really helps. The 3rd row seats in the Tahoe are heavy as hell to take in and out and took up quite a bit of space even when folded up. Also, hoping my son has plenty of room in his car seat in the back (It looks like there is plenty of space).
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