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Old 12-11-2016, 08:52 AM
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Lease offers on '17 GC

For those that have chosen to lease their MY17 GC, What are the terms that you were able to negotiate?

1) Length of lease
2) amount
3) miles allowed
4) trim level of Jeep
4) additional packages
5) down payment

etc etc etc

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  #2  
Old 12-11-2016, 10:57 AM
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Re: Lease offers on '17 GC

Here's mine:

2017 Jeep Grand Cherokee Limited
V6 3.6L
23H package
36 months
12k miles per year
$800 out of pocket
$399.00 per month
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Old 12-11-2016, 11:37 AM
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Re: Lease offers on '17 GC

You should add price paid and msrp of the car to your list, it should help others with negotiations.
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Old 12-11-2016, 02:48 PM
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Re: Lease offers on '17 GC

Getting to toss the keys on the dealership's leasing desk after 2 or 3 years.....PRICELESS !
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Old 12-11-2016, 10:36 PM
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Re: Lease offers on '17 GC

VNB... your deal seems pretty darn good! Basically you pay $5000 a year to drive it which doesn't seem to bad for such a nice vehicle.
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Old 12-13-2016, 01:00 PM
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Re: Lease offers on '17 GC

Quote:
Originally Posted by Jeff_Jeske View Post
VNB... your deal seems pretty darn good! Basically you pay $5000 a year to drive it which doesn't seem to bad for such a nice vehicle.
Edit to my numbers....it's 10k miles/year, not 12k, sorry. Still though, a good deal. This is my 3rd Jeep at this dealership (a good one I might add, including a great service dept), and I always return my leased Jeeps 8k below (on average) what is allowable under the lease (equity). So they definitely take that into account when returning to them to lease again. Also, I always go towards the end of the month which seems to be advantageous to the buyer, as dealerships are looking to meet/go beyond their sales quota for the month.
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Old 01-01-2017, 11:46 AM
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Re: Lease offers on '17 GC

Quote:
Originally Posted by vnbWK2 View Post
Edit to my numbers....it's 10k miles/year, not 12k, sorry. Still though, a good deal. This is my 3rd Jeep at this dealership (a good one I might add, including a great service dept), and I always return my leased Jeeps 8k below (on average) what is allowable under the lease (equity). So they definitely take that into account when returning to them to lease again. Also, I always go towards the end of the month which seems to be advantageous to the buyer, as dealerships are looking to meet/go beyond their sales quota for the month.
who is the lease with? FCA, ALLY? What kind of rebates did you receive? What was your cap cost? What was the discount to MSRP? Thx!
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Old 01-01-2017, 10:15 PM
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Re: Lease offers on '17 GC

The December numbers for a Limited 4x4 in NC; 36 months, 15k miles FCA is offering:

53% residual
.0007 money factor.

These are about the numbers I've seen around this time of year every year since I've been paying attention. As with all leases, negotiate like you're paying cash and make sure you don't get distracted by low monthly payments.

Contrast the FCA numbers with Ally's numbers. While Ally has a $5k rebate for leases going and the payment may be cheaper, it's a far worse deal. Why? Because the residual is higher meaning more of your payment is going to interest. Ally's interest rate is 5x higher than FCAs.

What does that mean in the end for you? Whether you decide to sell at the end or buy it out, you're going to be out a couple thousand $. That interest rate is eating so much of your equity and you're already not getting much equity in a lease. But if you did decide to sell because the residual is lower than fair market value or you have gone over your mileage and don't want to pay overages, you could sell for $28k and come out even (not much of a stretch if your Jeep is in good shape at lease end) or sell for $28k and have to chip in another $3k to walk away.

Or, if you're like me and like the Jeep enough to want to keep it after the lease, the buy out is $3k cheaper from FCA than Ally even if you were paying pretty close to the same amount monthly.

You might ask, why did I lease in the first place if I was pretty sure I'd keep the truck? The money factor translates into 1.2% interest. That's a dirt cheap loan and far better than I would have gotten on a new car loan at the time (there were no 0% offers at the time I was looking; 2% was the best I could find).

So, I get 3 years at 1.2%, get to make sure there are no gremlins I'm getting in the truck and getting a free out if I want at the end of the lease. Or I could keep it if it's as good as I hoped. Win/win.
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Old 01-02-2017, 04:11 AM
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Re: Lease offers on '17 GC

Quote:
Originally Posted by protect1989 View Post
For those that have chosen to lease their MY17 GC, What are the terms that you were able to negotiate?

1) Length of lease
2) amount
3) miles allowed
4) trim level of Jeep
4) additional packages
5) down payment

etc etc etc
My 2017 SRT is being leased in Canada so it's not going to be a direct comparison:

1) 48 months @ 0% interest
2) $843/month
3) 18,000 km/yr (11,184 miles/yr)
4) SRT
5) Upgraded audio package, high performance brakes, trailer tow IV, carbon black wheels.
6) First month payment + security deposit (approx. $1600); you get security deposit back @ the end of the lease.

MSRP for my vehicle, as optioned, was something like $79,850 (don't have my paperwork with me). I got employee discount and holiday bonus cash ($500?). Along with tax savings from my trade-in, the Jeep's out-the-door price is $72,000.

I'll pay $40,464 over my 4 year lease, buy-out is $32,000. I don't plan on keeping it, as I never keep ANY of my cars for very long. I always want to drive something new so leasing seemed to be a good fit (and I couldn't say no to 0% interest).

Just for fun, if anyone is curious; $72,000 Canadian dollars is approx. $53,700 USD.
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Old 01-03-2017, 11:22 AM
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Re: Lease offers on '17 GC

Quote:
Originally Posted by torifile View Post

So, I get 3 years at 1.2%, get to make sure there are no gremlins I'm getting in the truck and getting a free out if I want at the end of the lease. Or I could keep it if it's as good as I hoped. Win/win.
That is the best part! Mine has too many trips to the dealer to have decent trade value.
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Old 01-03-2017, 09:06 PM
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Re: Lease offers on '17 GC

What I also like about Chrysler Capital is that it's easy to get out of the lease once you have equity (some banks always require the payment of the remaining payments plus the contractual residual - like Ford Financial does).

In addition, I can pay my monthly lease with my credit card which gives me another 1.5% off.
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Old 01-04-2017, 03:45 AM
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Really thinking of leasing a '18 as I know what's the new platform comes out in 2019 I will be jealous AF. By the time my lease is up on the 18 the new platform will be going on it's 3rd generation.

Going to look at some F-Paces this weekend though, really liking what I am seeing.
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