[troy14]

Hello everyone,

My lease on my current car is up in about a month, and new car shopping is on the way. I hate the dealership, and I hate negotiating prices at dealers..but I love new cars!

I try to find as much information as possible on pricing, etc. before walking into a dealership with regards to lease prices. Usually I have friends or family that has a car similar to what I want.. but the MKC I know nobody with one.

I am either looking at a Jeep (Grand Cherokee) or this MKC. The Jeep lease pricing is a little high for the Jeep I want (leather, heated seats, etc.) so I want to compare the MKC pricing to it.

With the internet and being anonymous, do you care to share your lease details? Price, downpayment, lease term, mileage, vehicle, etc.?


Thanks!

 

[Bruce]

Hey Troy,
These are old numbers but they still apply to some degree. 2015 MKC Reserve, list $45715, downpayment, $6,000, 39 month lease with 1,000 mi./mo. at $414/month. The lease rate was 1.9%. I believe my residual to be $24,000. I was considered a Ford family member which "discount" was supposedly applied toward the residual - something I have no way of verifying.
I hope this helps. You'll find a bit of reluctance from the forum members to share this information. I have had mine since mid-July of 2014 (very early adopter!) and still look forward to driving it daily! Good luck!

 

[2015 MSM]

I bought mine, so I am unable to advise, but you can use the internet and search for "lease a 2016 MKC" and email your local dealers to see what they are offering. Good luck with whatever you decide on, we might be biased here on your decision .

 

[troy14]

Thanks Bruce and MSM, I understand the reluctance of posting financial information but figured I'd have a bit more luck since it's mostly anonymous. I do love the car and would love to drive one, but as always ultimately it comes down to price. Enjoy the rest of your day!

 

[LnkisaPOS]

Dude get the jeep. You get what you pay for, I learned.

 

[Sschr]

I have been leasing cars for over 30 years. A rule of thumb that I have gone by is NEVER put any money down on a lease. You are just prepaying or buying down the payments. It is not like financing a car, since there is no equity in a lease (typically). I did zero money down, using the Ford x-plan and my least payment is about $460 for 36 months. Essentially the same thing I was paying previously on my Ford Escape, but the MKc has a much higher residual value.
As for the Jeep vs. the MKc. I am sure there are just as many people that feel the Jeep is a POS too. Do your own research, and make up your own mind. Keep in mind, the Jeep Cherokee (not the Grand Cherokee) is built on the same platform as the Dodge Dart.

 

[LnkisaPOS]

I have been leasing cars for over 30 years. A rule of thumb that I have gone by is NEVER put any money down on a lease. You are just prepaying or buying down the payments. It is not like financing a car, since there is no equity in a lease (typically). I did zero money down, using the Ford x-plan and my least payment is about $460 for 36 months. Essentially the same thing I was paying previously on my Ford Escape, but the MKc has a much higher residual value.
As for the Jeep vs. the MKc. I am sure there are just as many people that feel the Jeep is a POS too. Do your own research, and make up your own mind. Keep in mind, the Jeep Cherokee (not the Grand Cherokee) is built on the same platform as the Dodge Dart.

I do do research. All cars have the potential to be a POS. Its how the company handles saddling you with that POS that makes the difference at least to me. Some people LOVE their Jeeps, some think they are a POS.
You take your chances with any car regardless of reviews or what others say about it.

Its the company that makes the difference and if they take responsibility for their mistakes/defects/problems. In my case Lincoln has not. If you read others on here, they also have not, I'm clearly not an isolated incident and I can have an opinion based on my experience. Your experience may be totally different.

Buyer beware, that's all. Ultimately its up to you. And if you choose it hopefully you will find it to be of the quality you expect and trouble free! Good luck with your choice.

 

[adameyeball]

First post

I leased an MKC Reserve Luxe color sands/expresso interior with Climate Package and 4WD with a sticker price of 44485.

I think I got an incredible deal, I put down the tax plus first payment and a couple of hundred bucks for 2000 total. My payment is 379 a month. I think these deals are everywhere to be had. I don't think I would have leased this car and a higher priced and would have leased a BMW X3. But the lease was so much better on the MKC.

By the way I love my MKC. It might not do anything spectacular (ok the seats are awesome) but just ions nicer user experience then my 2013 BMW X1.

 

[Bruce]

I leased an MKC Reserve Luxe color sands/expresso interior with Climate Package and 4WD with a sticker price of 44485.

I think I got an incredible deal, I put down the tax plus first payment and a couple of hundred bucks for 2000 total. My payment is 379 a month. I think these deals are everywhere to be had. I don't think I would have leased this car and a higher priced and would have leased a BMW X3. But the lease was so much better on the MKC.

By the way I love my MKC. It might not do anything spectacular (ok the seats are awesome) but just ions nicer user experience then my 2013 BMW X1.

Hey Adameyeball,
You did indeed get a great deal on your lease! My problem was I bought only the 3rd MKC delivered in my area - a true "first adopter" - and I wanted that particular package and didn't want to wait. I'm still happy 20 months later. At the time I was still working as a Realtor and the MKC fit me perfectly! I retired in June last year and it works even better for me now!

 

[adameyeball]

Hey Adameyeball,
You did indeed get a great deal on your lease! My problem was I bought only the 3rd MKC delivered in my area - a true "first adopter" - and I wanted that particular package and didn't want to wait. I'm still happy 20 months later. At the time I was still working as a Realtor and the MKC fit me perfectly! I retired in June last year and it works even better for me now!

Understood. New debuts always come with a premium. That is why they wanted more for a 2016 BMW X1 then a 2016 X3. Just crazy. Regardless the MKC is a 50 -100 a month less then both with more in it. Great lease value.

 

[5.0 Candy REDCS]

I do do research. All cars have the potential to be a POS. Its how the company handles saddling you with that POS that makes the difference at least to me. Some people LOVE their Jeeps, some think they are a POS.
You take your chances with any car regardless of reviews or what others say about it.

Its the company that makes the difference and if they take responsibility for their mistakes/defects/problems. In my case Lincoln has not. If you read others on here, they also have not, I'm clearly not an isolated incident and I can have an opinion based on my experience. Your experience may be totally different.

Buyer beware, that's all. Ultimately its up to you. And if you choose it hopefully you will find it to be of the quality you expect and trouble free! Good luck with your choice.

Not trying to ruffle and feathers....but I would NOT buy/lease ANY Dodge/ Jeep product if they paid me to take one for free.....the last 8 years Dodge/Jeep product quality has gone WAY WAY down....and I am speaking from personal experience here...I have always used Dodge trucks for my business....post 8 years they manufactured a very reliable decent quality product, same with Jeep.....I had a Grand Jeep Cherokee SRT8 ( 2010) that was constantly plagued with transmission problems, engine issues and suspension oddities...plus 2 MAJOR recalls; one on the differential and the other on the torque converter....in 9 months it toasted 3 torque converters...2nd time around The selling dealership suggested I was "abusing" the Jeep....till they started talking with some of the Jeep engineers,which told them the TC were never upgraded to handle the higher HP/Torque the SRT8 produced...after the last repair to both the diff and tranny...I cut my losses and sold that piece of junk...
Others may have had different experiences with Dodge/Jeep,I'm speaking for myself, NO way NO how will I ever touch any of their product lines again...The GJC SRT8 fully loaded was FAR from a cheap ride by ANY stretch of the immagination, it actually was the top tier Jeep model!!
In 40 years of business, I used DODGE exclusively and had a fair sized fleet of Vans and pickup trucks....their pride and quality has gone way way down.
I held on to the last Dodge Maxi Van I bought in 2003....; a 12 year old now, zero rust, zero issues, zero recalls...I kept it to haul stuff,that V8 would pull a house down without trying!
Just my own experience with these brands,as someone commented earlier, "buyer beware".

 

[LnkisaPOS]

Not trying to ruffle and feathers....but I would NOT buy/lease ANY Dodge/ Jeep product if they paid me to take one for free.....the last 8 years Dodge/Jeep product quality has gone WAY WAY down....and I am speaking from personal experience here...I have always used Dodge trucks for my business....post 8 years they manufactured a very reliable decent quality product, same with Jeep.....I had a Grand Jeep Cherokee SRT8 ( 2010) that was constantly plagued with transmission problems, engine issues and suspension oddities...plus 2 MAJOR recalls; one on the differential and the other on the torque converter....in 9 months it toasted 3 torque converters...2nd time around The selling dealership suggested I was "abusing" the Jeep....till they started talking with some of the Jeep engineers,which told them the TC were never upgraded to handle the higher HP/Torque the SRT8 produced...after the last repair to both the diff and tranny...I cut my losses and sold that piece of junk...
Others may have had different experiences with Dodge/Jeep,I'm speaking for myself, NO way NO how will I ever touch any of their product lines again...The GJC SRT8 fully loaded was FAR from a cheap ride by ANY stretch of the immagination, it actually was the top tier Jeep model!!
In 40 years of business, I used DODGE exclusively and had a fair sized fleet of Vans and pickup trucks....their pride and quality has gone way way down.
I held on to the last Dodge Maxi Van I bought in 2003....; a 12 year old now, zero rust, zero issues, zero recalls...I kept it to haul stuff,that V8 would pull a house down without trying!
Just my own experience with these brands,as someone commented earlier, "buyer beware".

I think everyone probably has their "car I'll never buy" LOL
We have a few in our family...

My friend loves their new Jeep Grand Cherokee. Last service visit his wife saw a Durango and wanted to trade it (more room for their kids) but their service guy said directly to them - stick with the Jeep - the Durango has a lot of problems...
Your Jeep was a special edition/engine it seems. Most people I know with Jeeps as I recall have been fairly happy with them. Think I recall people complaining about some of the newer models (Patriot maybe?)

Again it all gets back to personal experience sometimes...

 

[5.0 Candy REDCS]

Well, the Grand Jeep Cherokee SRT8 is the high performance offering on that line...The older versions were Bullet proof, since Chrysler merged with Fiat, things took a turn for the worst....Why do you think Benz walked away from Chrysler? because at the time they were merged most of the mechanical complaints were dragging the Benz down the mud.
The Sprinter was the worst POS ever introduced....Dodge tried to "convince" me to lease 4 of them for my business....I declined....then started finding all sorts of problems with ones associates had leased....rusting out fist year, doors coming apart, and the issues with their new diesel power plant were causing all sorts of starting problems,stranding material delivery and manpower from going to work at huge losses....thanks, but no thanks LOL!

 

[LnkisaPOS]

Well, the Grand Jeep Cherokee SRT8 is the high performance offering on that line...The older versions were Bullet proof, since Chrysler merged with Fiat, things took a turn for the worst....Why do you think Benz walked away from Chrysler? because at the time they were merged most of the mechanical complaints were dragging the Benz down the mud.
The Sprinter was the worst POS ever introduced....Dodge tried to "convince" me to lease 4 of them for my business....I declined....then started finding all sorts of problems with ones associates had leased....rusting out fist year, doors coming apart, and the issues with their new diesel power plant were causing all sorts of starting problems,stranding material delivery and manpower from going to work at huge losses....thanks, but no thanks LOL!

I never heard of that model jeep...how was it high performance? It looks like a v8 engine from the name.

We used to use GM trucks and vans for our businesses but after some big troubles and GM giving us too much **** over it we started buying fords. Ok so far, not perfect. But ions better than GM and this was well before all the other GM problems came out.

 

[5.0 Candy REDCS]

Google; Grand Jeep Cherokee SRT8.....it IS a V8...it's a high performance version of the GJC, engine, suspension,massive brembo brakes, huge exhaust (3.3/4" ) and the nicest interior one can get....ours was full leather,front/back,yeah awesome Jeep if they continued with the appropriate upgrades (SRT rated) within the entire driveline (they did not to save money.
Dropping the trans and replacing the converter + parts & labour costs was close to $2,800....X 3 times...the diff's clutches were binding from too much heat and that was a $2,000 repair...the new clutches they replaced them with were still the stock GJC clutch plates, yep...you guess it, they started to bind up again in 1600 km...
It took a letter from my lawyer to the dealership owners for them to "honour" the respective warranty...after the repairs that Jeep was never right,listed it and sold it at a slight loss, but started to sleep better at night...The new SRT8 GJC is a force to reckon with....but fully loaded now you're approaching 90K....plus taxes, FYI, cars, cross overs and generally everything automobile in general are WAY pricier in Canada than they are in the USA, plus our devalued weak $ does NOT help matters.

 

[5.0 Candy REDCS]

Here you go:
2016 Jeep Grand Cherokee SRT - Ultra-Premium Luxury SUV

 

[5.0 Candy REDCS]

OR, you can opt for one of these LOL:
Jeep showcases Wrangler Trailcat with 707-horsepower Hellcat engine | CTV News | Autos

 

[troy14]

Thanks for all the replies and interest in the thread however I am more concerned with lease prices than the reliability of the SRT8 Jeep that I have no interest in..

 

[5.0 Candy REDCS]

Sorry Troy14....I would have offered you lease guidelines, but I also bought my 2016 Lincoln MKC outright, so I would not be that helpful, hope you get sufficient input form members here,wish I could help.

 

[LnkisaPOS]

Thanks for all the replies and interest in the thread however I am more concerned with lease prices than the reliability of the SRT8 Jeep that I have no interest in..

I've never leased a vehicle and own/pay cash all my current cars. We don't lease for business either due to mileage/beating on them. When I used to finance I obviously would shop for lowest rate, not sure how everything works with leasing.

Think you got some good answers from the other posters on what they got. Think it varies depending upon your area/availability/options/demand but that should give you a good idea. Check out true car too, think they do leasing prices as well and it goes by your area.