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Old 12-13-2015, 02:07 AM
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Leasing a 2015 Overland

Hey everyone, I'm currently in talks with a dealer for a new 2015 Overland here in the Seattle area. I've got some numbers, and I was hoping to compare/contrast as well as ask a few questions.

MSRP: $47,590
Residual: 49% / $23,319
Money Factor: .00007
Dealer's offer after rebate: $41,293

Is that deal comparable to what some of you paid? Would asking for 40,000 even be, "low-balling"? I'm guessing this dealer just wants the car off of the lot considering it's a year old and we're at the end of the year.

When I go to the dealer to get the paperwork going, I can ask the dealer if they can work on getting me a better rate/tier right?

Thanks! I'm hoping to be a Jeep owner in just a few days!

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Old 12-13-2015, 07:44 AM
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Re: Leasing a 2015 Overland

Are you sure that the money factor is .00007 , and not .0007 ?

To see the effective interest rate, multiply the money factor x 2400

.00007 = 0.168 %

.0007 = 1.68%
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Old 12-13-2015, 09:01 AM
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Re: Leasing a 2015 Overland

Quote:
Originally Posted by Tarponbeach View Post
Are you sure that the money factor is .00007 , and not .0007 ?

To see the effective interest rate, multiply the money factor x 2400

.00007 = 0.168 %

.0007 = 1.68%
It should be .000007 (five zeroes).

.00007 (four zeroes) is 16.8%!! That needs to come WAY down. I just got .000004 on my '15 High Altitude which is less than 1% APR. With a 49% residual.
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Old 12-13-2015, 12:09 PM
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Re: Leasing a 2015 Overland

Quite sure it's .00007 (four zeroes). When I put the numbers into a lease calculator, the payment matches what the dealer is offering.
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Old 12-13-2015, 12:22 PM
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Leasing a 2015 Overland

How much in rebates are you getting?

What is Invoice?
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Old 12-13-2015, 12:31 PM
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Re: Leasing a 2015 Overland

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Originally Posted by jgc4ever View Post
How much in rebates are you getting?

What is Invoice?
Rebates: $2,500
Invoice: $45,793
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Old 12-13-2015, 01:44 PM
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Leasing a 2015 Overland

Quote:
Originally Posted by Tashi View Post
Rebates: $2,500
Invoice: $45,793

$40,640 should be attainable.

That is 5.8% below invoice plus rebates, which is what I paid recently for a 2015 Jeep Grand Cherokee Overland High Altitude.
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Old 12-13-2015, 06:50 PM
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Re: Leasing a 2015 Overland

Quote:
Originally Posted by Copefree View Post
It should be .000007 (five zeroes).



.00007 (four zeroes) is 16.8%!! That needs to come WAY down. I just got .000004 on my '15 High Altitude which is less than 1% APR. With a 49% residual.

Its 4 zeros which is .168


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Old 12-14-2015, 02:05 AM
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Re: Leasing a 2015 Overland

Quote:
Originally Posted by jgc4ever View Post
$40,640 should be attainable.

That is 5.8% below invoice plus rebates, which is what I paid recently for a 2015 Jeep Grand Cherokee Overland High Altitude.
Awesome, thanks. I'm going to make an offer in the morning.
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Old 12-14-2015, 11:12 AM
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Re: Leasing a 2015 Overland

On Saturday, leased an 2015 Overland, MSRP ~52,400, paid ~44,200, money factor converted to APR is 1.5%, $2k down, payment is 640/mth with 15k miles. I'm in NJ
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Old 12-14-2015, 11:30 PM
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Re: Leasing a 2015 Overland

Thanks for the replies!

Does anyone have the money factors for the other credit tiers? I've got average credit so I'm not expecting to land .00007.
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Old 12-27-2015, 10:57 PM
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Re: Leasing a 2015 Overland

Is tier one credit, 36 month lease, 47,870 msrp, 10k miles a year, zero out of pocket 551 a month including taxes , a good deal? Planning on signing in a few days.
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