Looking for this also! Anyone?
2014 Cherokee lease special / lease deal
Anyone know the lease numbers for a new Cherokee, like the money factor rate and residual? How are these going to lease out? I am considering a lease.
My local dealer does not have the numbers yet, although I think that's strange because I think a few Cherokees have been delivered already?
My local dealer does not have the numbers yet, although I think that's strange because I think a few Cherokees have been delivered already?
1 - 16 of 16 Posts
I went to the Jeep website. Did a pretty common build I see a lot-limited,v6,tech,nav,sunroof,towing-total MSRP of $37720. Used their "Payment Calculator", clicked on "Lease", 36 months, 12,000 miles/yr, $3500 down ($2000 rebates + $1500 dealer discount). It shows the payment as $398/mo (not including taxes). Does that sound right?
You are in the ball park. Let me give you a tip most dealer finance people won't tell you. Leases are written so a 39 month lease is the sweet spot. Tip two, never put any money down on a lease except possibly the first month's payment.I went to the Jeep website. Did a pretty common build I see a lot-limited,v6,tech,nav,sunroof,towing-total MSRP of $37720. Used their "Payment Calculator", clicked on "Lease", 36 months, 12,000 miles/yr, $3500 down ($2000 rebates + $1500 dealer discount). It shows the payment as $398/mo (not including taxes). Does that sound right?
If you play a lease right you can actually make money on it. The buy out on my Cherokee Limited II lease is for far less than it is going to be worth. My brother has actually put money in his pocket on his last two Jeep Wrangler Unlimited leases.
Thanks. Did you mean the 39 month lease is the sweet spot for the dealer or the customer? I wasn't planning on putting down any of my own money. The cap. reduction will be from rebates and dealer discount.You are in the ball park. Let me give you a tip most dealer finance people won't tell you. Leases are written so a 39 month lease is the sweet spot. Tip two, never put any money down on a lease except possibly the first month's payment.
If you play a lease right you can actually make money on it. The buy out on my Cherokee Limited II lease is for far less than it is going to be worth. My brother has actually put money in his pocket on his last two Jeep Wrangler Unlimited leases.
The 39 month lease is the sweet spot for the customer. At the present time Chrysler Capital, not to be confused with Chrysler Financial (Ally,the old GMAC), has the best lease rates. US Bank is a player too but can be very nit picky on lease returns.Thanks. Did you mean the 39 month lease is the sweet spot for the dealer or the customer? I wasn't planning on putting down any of my own money. The cap. reduction will be from rebates and dealer discount.
What site are you seeing these discounts at? I didn't know you can use dealer discounts as down payment on leases. I thought only for purchase?
($2000 rebates + $1500 dealer discount).
USA
($2000 rebates + $1500 dealer discount).
USA
Try truecar.com under incentives. $1000 is for leasing a competitive car. My wife is a realtor and they get a $500 rebate. I got a $500 code in the mail. All are usable on a lease.
Only leases? I know Chevy is doing this on any purchase, finance or lease. it would suck if this is just for leasesTry truecar.com under incentives. $1000 is for leasing a competitive car. My wife is a realtor and they get a $500 rebate. I got a $500 code in the mail. All are usable on a lease.
Please check your personal circumstances carefully. Leasing at all may not be the best way to go for you. If you work with a Certified Financial Planner he/she can run numbers for you. Here is an article Canadians can read but still should consider their own situation and crunch the numbers.
http://www.theglobeandmail.com/glob...orst-financial-option-for-most/article551390/
http://www.theglobeandmail.com/glob...orst-financial-option-for-most/article551390/
As a matter of fact it was my financial advisor who recommended leasing to me. The car that I sold to lease my Cherokee was 15 years old and only had 58,000 miles on it. She told me under those circumstances it made no sense financially for me to outright own a car nor did it make any sense for me to ever have a car out of warranty. She told me money tied up in owning a car would be better spent paying my other bills under that scenario.Please check your personal circumstances carefully. Leasing at all may not be the best way to go for you. If you work with a Certified Financial Planner he/she can run numbers for you. Here is an article Canadians can read but still should consider their own situation and crunch the numbers.
http://www.theglobeandmail.com/glob...orst-financial-option-for-most/article551390/
In my case I can't seem to stick with a car more than a year or two. Wasted a lot money paying the full sales tax when I buy rather than lease.
The Sirius ends after one year so getting rid of it after a year makes sense.In my case I can't seem to stick with a car more than a year or two. Wasted a lot money paying the full sales tax when I buy rather than lease.
Only leases? I know Chevy is doing this on any purchase, finance or lease. it would suck if this is just for leases
When I purchased my Cherokee, they let me do the $1,000 incentive for a Conquest lease. My mother lives with me and has a leased Chevy. When my Cherokee does come in, in order to get the $1,000 incentive, they just need to make a copy of the lease to show same address.
1 - 16 of 16 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
2014+ Jeep Cherokee Forums
A forum community dedicated to Jeep Cherokee owners and enthusiasts. Come join the discussion about performance, lift kits, 4 wheel drive, modifications, reviews, warranty, troubleshooting, maintenance, and more!
Full Forum Listing
Top Contributors this Month
View All
Gary Kline
230 Replies
Flybynightcru
183 Replies
Mark_
162 Replies
