Originally Posted by bagel1
wondering if someone can help me get an idea of what price I should be shooting for? I'm looking for a lease on a 2015 Grand Cherokee Ltd 4x4 (gas), 10k miles per year. Seems the invoice on the car is 38,771 (MSRP is 40,060). In NJ so tax is 7%. Not sure what the money factor is in June. I believe residual is 53%.
Should I just join tread lightly? Does that work for leases? Any idea what incentives are currently available?
Thanks in advance for any help - I'm trying to figure out the least painful way to get a "decent" lease
Purchase price is the least important (by a decent margin) component of your lease payment. Residual is most important followed by money factor.
I would go to jeep.com and configure your rig/lease there to exactly match your intended situation (config, down pymnt (should b zero), miles, term). This will represent your worst case number that you can get with any dealer.
Then go to Truecar dot com and do the same thing but go to the end and unleash the participating dealers on you (
) and see what you get.
With this info they won't "mess" with you so much and you can cut hours out of the experience.