2011 Jeep Lease Rates – June 2011

Published by G
1106_jeep_grand_cherokee

I’m very happy to see Chrysler jumping into the leasing action lately. The JGC lease isn’t exactly the best, but it looks promising. What really shines here is the money factor, which breaks down to 0.55%. A well equipped Laredo should be in the $400s before taxes (assuming you pay inception fees up front). Not bad for an excellent SUV based off the Benz ML platform.

I got three words for Chrysler at this point: “KEEP THEM COMING!” I would love to see more promotions on the JGC and other Jeep/Chrysler/Dodge/Ram vehicles in the coming months!


Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.

2011 Jeep Grand Cherokee Laredo 4WD
MSRP – $33,040
Sale Price – $30,326
Monthly – $394+ tax
RWG Rating – 85.2

For Dealer Quotes, CLICK HERE.

2011 Jeep Grand Cherokee Laredo 4WD
36-month | 15k miles | residual 50% | .00023 base money factor
39-month | 15k miles | residual 48% | .00023 base money factor

19 thoughts on “2011 Jeep Lease Rates – June 2011”

  1. I am in the market for a new 2011 Jeep Grand Cherokee X package. Here is the offer I negotiated on the table.

    They will buy out my existing lease payments ( approx $1200)
    Get me into an X package with Nav $MSRP $37,825 i think it was
    Selling me the car for $33,972 ($3,853 off MSRP)
    $2600 total Out of pocket
    $439/ month for 39 month ( tax in )
    12k miles a year.

    IS this a good deal or should I keep shopping?

    thanks!

      • adam, did you confirm the residual/mf being used? It seems to be slightly higher than I anticipated (no surprise there). Here’s what I’m assuming:

        MSRP 37825
        Sale 33972

        39mo – usually residuals are 1% lower than the 36mo leases. So using my existing numbers on a Laredo, I’m guessing it’s 49%. However, you are looking at a 12k lease, so I add 2% since you’ll be driving less, thus retaining more of the value at lease end. This could be an 1% increase, if that’s the case, then your payments will increase by about $15.

        MF – 0.00048. My assumption is that the money factor remains the same. Usually, it doesn’t. I normally see it go up on 39mo leases because your loan is spread out over more months, so it gives the bank an opportunity to charge you more interest and still keep your payments slightly lower than a 36mo.

        With these assumptions, I am seeing a $402 per mo payment BEFORE taxes. This is assuming approximately $1500-$2000 in drive-off costs.

        If you can confirm the residual/money factor and have the dealer break down where your $2600 is going, we might be able to see how good this deal. I am thinking you could do this deal for the same payment, but at a lower out-of-pocket amount. You are awfully close though.

  2. I’m from NJ too looking for a jeep similar to above. I’ve been unable to find a place that was willing to take off that much from msrp. Care to share the name of the place? Had a 2007 Grand Limited that cost me $1500 down and $499 a month w/ 15k on a 44k truck lol those days are over!

  3. Thanks G. I called them already this morning to get me the residual and MF but havent heard back. The sales guy is an acquaintance of mine so I think he just forgot to get back to me today. I think that I can get him down a little more but I think their rational is that since I only owe 4 more payments on my car @ $289/mo (call it $1200) and my payoff is approx $16000, they can take my car back and make money on the re-sale of my car to make up for the money they are giving away on the lease. I think there is a 2-3% dealer holdback that I am trying to tap into as well as I slowly chip away at this deal as well. I was able to get my wives ’11 Lexus GX 460 with them going into their holdback a year ago so…. In any event, The money down is only inceptions, we used $2600 as an example, but if inceptions are less, then I will be putting less down. Thanks foryour help and I wil lget back to you with the residual as soon as I get it

  4. @jerz01a I would be glad to as soon as I finish up the deal. i do not want to have any problems with my deal as I am sure you can understand. thanks

  5. hi adam, i too would love to know where you are getting this deal from, if it works out. also in nj

  6. G

    The residual is 50% and the money Factor is .00001 according to them,,, how does this deal ook now?

    thanks

  7. I have been working with my local Jeep dealer in WI. I got quoted with a money factor of .00035 for a Jeep Grand Cherokee.

    Details:
    MSRP- 33,590
    Dealer Discount – 1,658
    Rebate – 1,000
    Sale Price – 30,932
    Residual- 16,975
    The money factor is 0.00035

    • SKR. What’s the payment they are quoting you? I’m getting around $375 if you pay all your inception fees upfront. Could be anywhere from $1500-$2000.

  8. That must be the base model jeep GC not the X package… or i am flying to WI and buying there haa

  9. @adam. 50% and 0.0001 looks good. I’m getting $387 a month (tax not included). With that in mind, unless you have a sales tax rate of 14%, I can’t see how the dealer is getting $439 with $2600 out of pocket.

  10. What is the Money Factor and Residual for a 2011 Jeep Grand Cherokee Overland 4×4 V8. for 36 Months and 12K Miles per year?

  11. Hey G… let me re-explain my deal to make sure I gave yo uthe correct info:

    They will buy out my existing lease payments ( approx $1200)
    Get me into an X package with Nav $MSRP $37,825 i think it was
    Selling me the car for $33,972 ($3,853 off MSRP)
    $2600 total Out of pocket
    $439/ month for 39 month ( tax in )
    12k miles a year.
    .0001 MF
    50% residual
    $695 Lease Acq fee
    $885 Motor Vehi
    approx $1600 tax (7.4%)
    First payment

    • @adam. Makes sense. I came up with $438, which is within a reasonable margin of error (I didn’t tax your inception fees). The deal is still solid. Scoring a 91.2 RWG rating. Go with it! don’t forget to send me some pics at thewall(at)ridewithg.com.

  12. Look forward to the July numbers as well as the 2012 numbers. We just got a GTI with the help of your blog but are also looking to replace our tahoe soon.

  13. Has anyone got any details yet on 2012 Jeep Grand Cherokee Overland Lease Deal? Money Factor, Residual? A dealer in FL is telling me to wait for the new lease program to come out. Currently lease payment on MSRP $44K, 36 mos, 15K is $695 tax in. He says residual is 48%. Thanks.

  14. Hi Guys,

    I am in the market for a JGC Laredo and visited my dealer yesterday. This was the deal (that I am thinking about) that I may be getting screwed on??

    Laredo 2 rear wheel Drive
    base

    Negotiated to 27,872 from 28,754
    15K miles/36 months
    0 out of pocket 419/month
    OR
    1995 down & 399 month
    tax included on both payment options
    quoted a 49% residual

    I don’t know the money factor. Is this something that can be adjusted by the dealer as a hidden manipulator?

    • @dave. What was the original MSRP on the car? Yes, dealer CAN mark up the MF so be sure to request from a few different dealer to cross check. Also make sure it’s from the same bank.
      Unfortunately, I don’t have Jeep numbers so I can’t do much for you in terms of cross checking. 🙁
      Personally I don’t like either offers right now. Get the MSRP, Sale price and MF (u got the residual already), then we can crunch numbers to see what would work best.

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