First time looking into a Grand Cherokee and looking for some input on whether the agreement I received today is a good deal, on-par deal, or a bad deal.
Attached is a screenshot of the numbers I received.
Note: I’ll be asking them to remove the “Accessories” line item so there will be a slight reduction there. I also might be able to add an additional $1000 in bonus cash allowance from Jeep if they let me add it on to the reduction that’s already in there (but not sure it will apply).
I’ve tried to calculate the MF from these details and I am not sure I am putting in the right numbers so any insight on that would be helpful as well.
As a side note, I reached out on Edmunds and was given the following for a 36/12k lease (although I don’t know how accurate or relevant that info is):
Ah thank you! Looks like the MF seems solid (~1.8% APR, correct?) so would you say the only real room for improvement is additional reductions from the MSRP?
Just make sure that the difference between the retail price and the sale price is a true dealer discount and doesn’t include incentives/rebates as they should be itemized separately. Be sure you’re getting all the discounts/incentives by asking to see the manufacturer’s customer acknowledgement incentive form… I know that GM uses them. And, yes, the interest rate is about 1.8%.
Back again - still shopping different dealers and I’m hoping to get a little help deciphering the latest lease agreement. This one almost seem like it purposefully confusing and I am having trouble figuring out the real numbers they used.
In this agreement, they’ve listed the MSRP with no dealer discount - there is a decent “dealer discount” noted on their website but I was told that it only applies to purchasing vs leasing. I’ve asked them to look into it as I haven’t come across the dealer discount having anything to do with the purchase method - maybe someone here can confirm.
Otherwise, I am trying to figure out the MF but am not sure I am using the right numbers. Can anyone confirm if .00095 would be correct in this agreement? Any other red flags to note?
