Jeep Grand Cherokee Overland 2016 lease quote

Ask the Hackrs
1

36/10
MSRP $46,980
Discount $4,980
Selling Price $42,000
Rebate $6,750
Trade Difference $35,250
TAX $3,877.20 CA
Fees $499.75
OTD $47,376.95
Drive off: $1,647.02 (1st payment, tax, license, title and docs)

Monthly $498.45

Now annoyingly he did not give me the residual or MF for the Overland, I was looking at a 2017 limited as well and he gave me two Chrysler, 57% and 0.0074 and another bank which was 63% and 8.51% APR!

Anyway, I know not having the MF and Residual does not help and I also know the figures are not from Chrysler but any input would be helpful.

2

The MF on edmunds forums is much less it’s like 0.00068

3

Those are the Chrysler numbers and their rebate is nowhere near as good. He ran the numbers and came nowhere near.

4

Your numbers look like they’re from a purchase quote (specifically the tax and OTD price). I would verify that the rebate listed is for a lease.

There is typically a high amount of lease cash to go with the high interest rates at outside lenders, so don’t be too outraged over the high APR.

If they are using an outside lender, there’s not much more you can do besides verify the mf and residual are correct and then try to negotiate down the selling price a bit more.

5

This is 100% for a lease and the rebate is from an outside lender as you say. If i could get the same deal through Chrysler then I would be paying circa $365 a month.