Crazy high lease price for 2020 JGC ?

Pianoman88Pianoman88 NJMember Posts: 7
edited October 2020 in Jeep
In advance, pardon my lack of knowledge as I have yet to learn how to calculate a lease with residual value, and other foreign terms to me.

What I know is that in 2018, I was able to lease a Jeep Grand Cherokee Limited (45k MSRP), for $365/mo, $1400 at signing (included 1st month) and that's 36mo, 10k miles/yr.

Walk into a dealership today asking about Grand Cherokee Trailhawk, MSRP 49k. Guy "calculates" $550/mo with $3,000 at signing. I'd really appreciate if more knowledgeable folks here can give me an idea what the lease cost would be this month for a 49k car. Thank you.

I am NJ, zip code 07470.
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  • MichaellMichaell ColoradoModerator Posts: 206,021

    In advance, pardon my lack of knowledge as I have yet to learn how to calculate a lease with residual value, and other foreign terms to me.

    What I know is that in 2018, I was able to lease a Jeep Grand Cherokee Limited (45k MSRP), for $365/mo, $1400 at signing (included 1st month) and that's 36mo, 10k miles/yr.

    Walk into a dealership today asking about Grand Cherokee Trailhawk, MSRP 49k. Guy "calculates" $550/mo with $3,000 at signing. I'd really appreciate if more knowledgeable folks here can give me an idea what the lease cost would be this month for a 49k car. Thank you.

    I am NJ, zip code 07470.

    Look at this link to reveal the mysteries:
    https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

    In general, leases today are more expensive than they were 3 years ago.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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