Deal check 2024 Grand Cherokee 4xe Overland

Ask the Hackrs
1

Found a local dealer willing to play ball on a Jeep for my wife.

2024 Jeep Grand Cherokee 4xe Overland (new)
MSRP: $77856
Selling price: $64329 (17.38% discount)
Incentives: $15600 ($8100 national lease cash and $7500 hybrid/electric)
Acquisition fee: $995 (all hybrids and EVs have the higher fee)
Dealer and government fees: $300
Tax: 7%
Residual: 54%
Money factor: .00015 (Base. They tried marking it up but backed down)
$430/month sign and drive
24/12k

Total lease cost: $10,490
Leasehackr score:15.9 years

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Wow what a great deal. Did you qualify for employee pricing?

It has been impossible getting dealers to meaningfully discount the leftover '24 4XE’s from my
experience this week.

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Thank you. I qualify for it, but their discount on their website was the one they honored without having to negotiate for employee pricing. They have another one that is $75870 with a $10370 advertised discount if you are interested.

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The employee pricing incentive on these is more expensive to use than to not use.

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I’ve noticed that. On some models, the rebates do not stack if you use employee pricing. I’ve tried to explain I just want to use the $2000 employee cash rebate without using the EP program (5% under invoice) so I can still use conquest and loyalty, but that seems to make their heads explode.

Then I have some dealerships tell me employee pricing is incompatible with leasing, which I know is incorrect. They don’t know their own programs or their own products.

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Jeep literally advertises in their commercials that it isn’t for leasing.

You would also be an idiot to use the employee pricing incentive on a lease anyways since it doesnt stack with the lease incentives.

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Agreed. However, some dealers are allowing employee pricing on leases. In those case, they almost try to force you to use it. When you try to explain how awful it is, they genuinely don’t seem to understand. Just want the $2000 employee rebate, the TDM offers, loyalty, etc. on a deal I negotiate on my own.

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Some dealers may be offering a dealer discount equal to the employee discount pricing

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This one was. We just picked it up, and I’ll be moving it to the “signed” section later.

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congrats, really good deal. Especially on higher msrp.

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Amazing deal. Where was this?

13

Indianapolis.

15

That’s a good deal. We got one for sign and drive $479/mo but in TX we have lease sales tax so our payment was a little higher ($76k msrp)

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Curious how you got the $7500 EV credit. Everything I am seeing is that the Grand Cherokee 4xe doesn’t qualify for that any longer. Anyone have any insight?

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The gc 4xe doesnt qualify for a federal tax credit on a consumer purchase under section 30D of the IRA.

The bank does receive a federal tax credit when they buy it to lease as a commercial entity under section 45W of the IRA, and then they pass on a $7500 incentive they call the ev credit.

No vehicles have ever actually given the consumer a $7500 federal ev tax credit on a consumer lease. It has always just been an incentive from the bank.

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I would lease this if I could find the same deal

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