Hi everyone,
Finally at a point in my life where i can afford to lease a new grand cherokee comfortably. I wanted some advice if this is a good deal.
Jeep Grand Cherokee 2017 75th Limited
Vehicle Price 44,950
Preferred Discount 4,291
Subtotal 40,659
Trade-in value 20,000
Fees 651.70
Taxe 1626.28
Trade in Payoff 18,606
Total Price 41,542
Rebates 6750
Cash down 0
12,000 miles a year for 36 months
residual value 26,521
Lease payment 430 a month
With your 2k in equity for your trade, the 4k dealer discount and the 6.75k rebate, the payment is around 230 rather than 430. Also in CO you pay taxes on the monthly not upfront.
$45K retail minus
$2K equity in trade
$6750 Rebates
$4291 discount
(feel lucky. Tampa dealers would only give me $3500-4000 off combined discount and rebates)
$32,000 retail
residual is 59%
Is residual 59%? Payment should be like very low based on rebates and the residuals. Please get mf and residual to fully evaluate.