2020 Jeep Cherokee Limited - how did I do?

Signed Deals & Tips
,
1

Year, Make, Model, and Trim: 2020 Cherokee Limited w/full moon roof, uconnect
MSRP: $ $38,775
Monthly Payment: $350
Drive-Off Amount: $
Months: 42
Annual Mileage: 1500
MF:
Residual: $17,837
Incentives:
Region: PA
Leasehackr Score: 7.8
Leasehackr Calculator Link: leasehackr.com/calculator?make=Jeep&miles=15000&msd=0&msrp=38775&sales_price=36614&months=42&mf=.00100&dp=3000&dealer_fee=565&acq_fee=0&taxed_inc=0&untaxed_inc=0&rebate=0&resP=58&reg_fee=0&sales_tax=9&demo_mileage=0&memo=&monthlyTax_radio=true

Edit:

Monthly Payment: $365
Months: 36
Annual Mileage: 15k (leaving the above mistake for the laughs in the comments)

2

Doesn’t matter if the deal is already done.

3

Just got my sister one and she’s at 36/15 322/mo. 37k msrp and it was a sign and drive out of PA

1 Like
5

Look at extended warranties!

6

It’s a fairly low MSRP limited. Near me, with an msrp around 43k they go for around $400 with zero drive off, with very limited negotiating needed

7

When they say zero drive off, what exactly does that mean. No fees at all besides the monthly?

8

It means you come in sign paperwork and drive off in your new car and then pay the bill every month. You’re still paying fees but they are rolled into your monthly payment.

1 Like
9

That’s what’s I figured. So it it’s the same as 0 out of pocket? And just everything rolled in. Thanks for answering.

10

You talking Grand Cherokee or Cherokee?

That sounds like low MSRP Grand C

1 Like
11

1500 miles per year wouldn’t be enough for me! :wink:

12

I was thinking the same thing. I would have at least negotiated for 2,000 miles per year :joy:

1 Like
13

I have an offer for a Grand Cherokee Limited 4x4 with premium lighting package. 42 months, 12,000 miles/year (42K miles total). MSRP $44,145. $465/mo., first payment due at signing. Central Indiana region. Interested in how this offer stacks up? Thank you!

14

Maybe a few more % off? No incentives? $3000 down (per link)? $431/mo. Not looking great. Read and learn for next time would be my advice.

15

Thanks for the advice. I should edit but the lease turned out to be 36 months @ $365. I told them I didn’t want to do 42 months.

As for the $3k value on my car, I thought that was more than it was worth. Every other dealer and CarMax appraised it at $1.5k - the check engine light was on and it had 140k miles.

But these comments suggest I could have gotten the same price or less without the trade-in. Live and learn, like you said, for next time.

16

An old lady drives it around the block To the supermarket and to church. That’s why only 1500 miles. Jk

17

Pray nothing breaks in the last 9,000 miles that you would need to fix out of pocket. And also tires could be a problem at 45,000 miles.

18

Limited’s MSRP for $43k so I think you did well…that being said not sure how you got down to $37k. Also, I wouldn’t worry about the last 9k miles, it’s not like cars just break down after 36k…however tires could be a problem and the tire brand must all be the same (i.e. you can’t change one tire with a cheaper brand, if have to change all the tires).