Jeep cherokee 2021 lease

[AJLIM]

Hi, Received JEEP CHEROKEE LEASE DEAL from one of dealerships.

ZipCode 60616, IL.

I would like to know if this deal is good to move forward.

Any advice will be appreciated.

Thanks!

MSRP
$33365

Est. Savings
-$1,614

Actual Price (BeforeIncentives)
$31,751

Incentives:
2021 Jeep Cherokee Lease Cash Allowanceexpires03/02/2021
-$1,250

2021 CCAP Chrysler Capital Financing Lease Bonus Cashexpires03/02/2021
-$750

2021 Jeep Cherokee and Compass Lease Bonus Cashexpires03/02/2021
-$500

Final Price(AfterIncentives)
$29251

Est. Taxes and Fees

Based on Zip Code60616

Taxes
$1083

Government Fees
$326

Dealer Documentation/Processing Charge or Fee
$303.60

Acquisition Fee
$0.00

Term
36 months

Mileage
10,000 / yr

Down Payment
$0.00

Applied Trade-In Value
$0.00

Est. Cash Due at Signing
$1,141.92

Est. Money Factor
0.00058

Residual Percentage
57%

Residual Value
$19,018.05

Est. Lease Payment

Total Monthly Payment

$338.01/ month

[forbs]

Do you qualify for Bonus Drive?

[IAC_Scott]

Which trim Cherokee is this?

[AJLIM]

I don’t think I am qualified for Bonus drive

[AJLIM]

@IAC_Scott This is Cherokee - Trim : Latitude Lux AWD

[forbs]

Most people are qualified for bonus drive
https://allstate.bonusdrive.com/

[max_g]

There’s dozens of cars in this segment. What have you found in the Marketplace and Shared Deals sections for which ones lease best right now?

[AJLIM]

@forbs Thanks for the information!

[AJLIM]

I was not able to find deal info about Cherokee Latitude Lux trim for past 2 months.

I checked Edmunds for rough calculation and it said $313 + $15 (tax/fee) = $328.

The tax calculation was odd since IL Chicago charges 19.8% as tax rate.

[max_g]

Edmunds is no basis for judging whether a deal is good or not. You just collect RV, MF and incentives from there, that’s all.

Obviously either the dollar figure of the tax is wrong or the rate is, because just by eyeballing it I can see that pre-tax payment x that rate would be ~$60 per month in tax

PS. I meant looking at other brands to see which models are leasing well right now

[chrishs2000]

You need to research all trims.

A lower trim with option packages to make it ‘the same’ as a higher trim could lease better due to RV/MF/Incentives. Or worse.

[IAC_Scott]

I can tell you that you are about 900 under invoice on that car, so the discount isn’t bad. As for whether or not the overall deal makes sense for this particular vehicle is up to you.

I know that in my region, a Cherokee Limited wouldn’t be all that much more than this.

[AJLIM]

Thank you so much for your consideration.

I think I should find another option…

[AJLIM]

Thank you so much!