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Old 04-12-2015, 01:11 PM
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2015 Grand Cherokee Limited Lease Question

Hi All,

I have been reading the forums and different articles trying to best inform myself about leasing and the Grand Cherokee. I was at the dealer yesterday and wanted to run a lease deal I got offered after negotiating.

2015 Grand Cherokee Limited 4x4 23h
36/12k
MSRP: 42230
PRICE: 38321.09
NET RESIDUAL: 23648.80
$2,500 down payment to cover taxes, DMV fees etc.

Monthly payment including taxes: $415


Does this sound like a fair deal?
There are also some random "soft costs" and other things on the summary sheet I don't really get...
Thank you in advance!

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  #2  
Old 04-12-2015, 06:36 PM
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Re: 2015 Grand Cherokee Limited Lease Question

What is a "soft cost"? 12k a year in mileage seems a little weak - I'd go for 15k.


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Old 04-12-2015, 10:56 PM
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Re: 2015 Grand Cherokee Limited Lease Question

I will ask about the soft costs.
Anyone that can help review the summary sheet? I rather send in a PM.


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Old 04-13-2015, 12:28 AM
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Re: 2015 Grand Cherokee Limited Lease Question

Ask in the Edmunds forum for Grand Cherokee leasing.

2015 Jeep Grand Cherokee Lease Questions - Car Forums at Edmunds.com
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Old 04-13-2015, 07:30 PM
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Re: 2015 Grand Cherokee Limited Lease Question

What's your location? I have a buddy in a leasing company that might be able to help you out
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Old 04-14-2015, 05:25 PM
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Re: 2015 Grand Cherokee Limited Lease Question

Quote:
Originally Posted by zhenya View Post
What's your location? I have a buddy in a leasing company that might be able to help you out
Hi, I'm from NY and looking to lease a Grand Cherokee Altitude soon. Can you send me the info on your friend?
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Old 04-16-2015, 05:09 PM
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Re: 2015 Grand Cherokee Limited Lease Question

Can you please post or PM that purchase sheet you got from the dealer? I am looking to lease a new GC and would do the deal you received any day of the week. Thanks so much!
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Old 04-22-2015, 12:11 AM
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Re: 2015 Grand Cherokee Limited Lease Question

That's better than the quote I got from my dealer (although I am looking for 15k miles).

Limited, sunroof, nav
36/15k
List: $42,230
Sale: $39,450
$2,500 total cash down
$461/mo

From what I've read, the Limiteds are getting a money factor of .00012 and residual of 54%. Not sure what my numbers were based off of, but will be negotiating with dealer some more.
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Old 04-22-2015, 10:09 AM
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Re: 2015 Grand Cherokee Limited Lease Question

It's generally best to not make any "down payment" on a lease, other than required titling, fees and, depending on your state (US) taxes if they are not applied monthly as they are in PA.
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Old 04-22-2015, 12:51 PM
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Re: 2015 Grand Cherokee Limited Lease Question

Quote:
Originally Posted by Jason911 View Post
What is a "soft cost"? 12k a year in mileage seems a little weak - I'd go for 15k.


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For $415 a month? That is weak.

Soft costs would likely be:

Delivery charge: Not negotiable - it's the cost of sending it from the factory. They can negotiate elsewhere, but the driver has to get paid.

Transport Fee: This is negotiable, if applied. It's the cost to drive the vehicle from another dealer if you do a locate.

DMR: This is essentially the dealer saying "give me more money because the price is too low". Entirely negotiable. It covers nothing but the bottom line.

There may be other fees that cover emissions levels or waste disposal, depending upon the state and the trim level.
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Old 04-28-2015, 08:23 PM
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Re: 2015 Grand Cherokee Limited Lease Question

Quote:
Originally Posted by jay4190 View Post
That's better than the quote I got from my dealer (although I am looking for 15k miles).

Limited, sunroof, nav
36/15k
List: $42,230
Sale: $39,450
$2,500 total cash down
$461/mo

From what I've read, the Limiteds are getting a money factor of .00012 and residual of 54%. Not sure what my numbers were based off of, but will be negotiating with dealer some more.

I've seen some leasing companys with
limited/sunroof/nav/18s
36/12
$1600 total down
$429/mo

but I took that to my dealer over xmas and left with
limited/sunroof/nav/20s
39/15
$1500 total cash down
$469/mo
6 oil changes
rim and wheel life of ownership protection
courtesy car on all drop offs.

plus this helped too
Auto leasing lease payment calculator&&&&&&
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Old 05-04-2015, 10:56 AM
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2015 Grand Cherokee Limited Lease Question

FWIW, I ended up getting a 2015 Limited with sunroof, nav, and 20's. $2500 down, 36/12k, $421/mo.

Includes lifetime oil changes during the lease.


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