2019 Jeep Cherokee Latitude Plus 4x4, V6, Panoramic Sunroof, Comfort/Convenience Group, Cold Weather Group, Safetytec, 9 Amplified Speakers w/ Subwoofer
MSRP: $34,765
Selling Price: $29,249
Monthly Payment: $220 ($233 including 10.3% tax)
Cash Due at Signing: $1847 ($319 down + 1st month + registration + doc fees + tax on cap cost reduction)
MSD: n/a
Incentives: $2750
Months: 36
Annual Mileage: 10K
MF: .00135
Residual: 59%
Region: Seattle
Leasehackr Score: 12.1 years
Note: the $2750 lease incentive is only on the 2019 Jeep Cherokee Latitude Plus trim. Quite a few dealers advertising $4-5+K MSRP discount before incentives, but was a challenge to find one willing to quote a lease without padding.
Here is the dealer worksheet. I believe the boxes in orange (and lease acquisition fee) are typically where the dealer pads their profit. I am pretty sure the lease acquisition fee should be waived for tier 1 leases (800+ credit score) because the pre-tax monthly payment ties exactly to the lease calculator on the jeep website (which assumes highest credit).
Here are the numbers plugged into the leasehackr calculator:
And here is the calculation per the jeep.com website:
Don’t let dealers convince you the lease calculator on the jeep.com website is wrong. It is in fact correct as long as you back into the correct down payment (excluding the first monthly payment, registration and doc fees, and tax on cap cost reduction and fees).
it sounds really good deal. Would you like to share which dealership you got it from?