2023 Jeep GC Altitude Deal Check

,

Hello LH community!

Was looking for some input on this potential deal I’m looking to sign on for a 2023 Jeep Grand Cherokee Altitude. Multiple dealers came in well over $600/month or were outright playing games with the numbers. The DAS and calculator are almost right, it’s off by about ~$150 that’s in the mix somewhere.

MSRP: $49,035
SP: $45,963 (~6% discount before incentives)

RV: $37,756 (77%)

24/10k

Monthly: $482
DAS: $1157

(Employee pin, returning lessee in house, $1000 private jeep offer from website)

Have to take delivery by end of the month and just am not sure where programs/rates may go. Don’t need to pull the trigger but the deal seems fair to me and could really get into a 4 door soon! ($6130 a year)

I’m sure a 4xe could be better a better hack but I’d prefer not to go that route! I could also one-pay this and save about $600. Let me know your thoughts!

Link to calculator: Leasehackr Calculator - Hack your next lease | Leasehackr
!

image|690x229

1 Like

It seems like a reasonable deal if the MF checks out and with Chrysler Finance

If you have an appetite, I would push for more discount, I am not sure how these are selling but I have a feeling inventory number are getting somewhat high for Jeeps

3 Likes

That residual is fishy.

Thought it seemed a touch high for this being a lower trim compared to the rest but if anything I feel the rate is marked up to offset the employee discount and rebates. IIRC it was through CCap or Ally on the sheet

Definitely have been pushing for 6-7% discount but almost every dealer refuses to play ball and errs back to either affiliate or holds at the employee pricing. Seems they are a dime a dozen but most have only been sitting 15-30 days on the lot. Will let you know what I’m able to make happen or further press for this one! Thanks for the input!

I think the 61% is wrong and should be higher. Thoughts

An overland is not at 58000 for a 4xe

….because…?

A dealer in my area is able to take a summit down to 58k but payment will be insane… not sure what they are pulling

So my question is

What is my price if I want to buyout the car within the first 30 days of the lease. Reason I ask is that Jeep is offering 13k off the 4xe IF YOU LEASE…

Ideas

…flip? not sure these are great candidates, ask me how I know.

But to your question: much has been said here, but as I far as I know if leasing through Chrysler Capital you can cash out as soon as that contract clear…lookout for US Bank or Ally

1 Like

Oldest trick in the book: inflate the price and then pretend the discount is a great deal.

2 Likes

Inflating the price has the effect of increasing the residual, so you end up with a much lower payment after the huge discount as long as the MF is low. But you obviously know that. A $66K JGC 4xe is worse to drive than a $55K JGC Limited, but leases better due to the $7500 credit (which is really just a markup to the price of the Limited).

Part of why I picked my gc 4xe over a gc limited is because it drove much better
season 1 friends GIF

1 Like

So, slight update as of today for some clarity on things and a data point. The GC Altitude 4x4 for 24/10k checks out as so:

Ally: 77% RV / .00379 MF / $4750 in incentives available to me*** ($11,751 One-pay with acquisition fee included)

Dealer mentioned they were at buy rate with zero mark ups and just were in the green for both numbers.

CCap: 70% RV / .00245 / $4500 in incentives available to me** $2500 normal** ($12,731 one-pay through CCap from what dealer showed me)

Didn’t pull the trigger yet and pretty much squeezed what was possible out of it. Seems no dealer will discount fully without employee pin! Having them run numbers on a 4xe without employee to see where things come in and will hopefully have another update for you soon!

Thank you all for the input and food for thought!

UHHH the 4Xe drove much better on my test drive and has way more hp and near 500 Ft LB of torque… Have you even driven one???

Put together a calculator link for this and post. Did you verify value on your trade thru CarMax Vroom etc?

You’re adding $230 a month just in negative equity. I would keep whatever you are driving.

This sounds like a post incentive number, and with that 48 month lease term, thiis is almost certaintly a standard rate Ally lease being used so they can use the idl cash to make your “sales price” look better.

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.