Crazy high lease price for 2020 JGC ?

Pianoman88

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.

Michaell

Pianoman88 said:

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.