You know you want to get into a Jeep Grand Cherokee, but you aren’t sure whether to buy or lease. If it’s any consolation, many people who want a new vehicle struggle with that very issue. There certainly are factors you must look at, including your financial situation, as well as your commute or lifestyle.
And, there are leasing deals available.
Does leasing a Jeep Grand Cherokee make sense though?
2022 Jeep Grand Cherokee
This year’s Jeep Grand Cherokee, a midsize SUV, is totally redesigned and offers superior off-road prowess, a smooth ride, composed handling, a top-shelf interior, supportive seating, and intuitive technical features, including the infotainment system.
Plenty of features are now standard, including a Wi-Fi hot spot, larger touch screen, automatic emergency braking, forward collision warning, adaptive cruise control, lane keep assist and lane departure warning. The starting MSRP for Grand Cherokee is $38,325. There are seven models in the trim lineup.
What’s the Difference Between Leasing and Buying?
The chief difference between leasing and buying is ownership. Further, when you buy a vehicle, the monthly payments you make go to repaying the lender, in addition to interest. With leasing, instead of paying for the entire vehicle, you’re basically renting it from the dealer for a specific period, usually between two and three years.
Many people opt to lease their vehicle because their monthly payments are roughly 30 percent lower than they’d pay if they bought it. Also, leasing generally calls for you to put down less money to start. In some cases, you needn’t put anything down.
2022 Jeep Grand Cherokee Lease Deals
Jeep is offering several Jeep Grand Cherokee lease deals, including:
- Grand Cherokee Laredo 4×2. This deal calls for $3,799 due at signing with lease payments of $467 monthly for 36 months. The MSRP starts at $38,720.
- Grand Cherokee L Laredo 4×2. You can get into this for $3,799 down for monthly payments of $493 for 36 The base sticker is $40,720.
- Grand Cherokee Laredo 4×4. This deal is $484 monthly for 36 months, with $3,799 due at signing. The MSRP here begins at $40,720.
- Grand Cherokee L Laredo 4×4. You may be able to lease this for $447 monthly for 36 A deposit may be required. The starting sticker price here is $42,720.
- Grand Cherokee Laredo 4×4. You pay $484 monthly for 36 months with $3,799 due at
- Grand Cherokee L Laredo 4×4. One of these may be able to be leased for $447 monthly for 36 months. The starting MSRP is $43,430.
- Grand Cherokee Altitude 4×2. You may be able to get into one of these for $515 monthly for 36 months, although a security deposit may be This vehicle starts at $43,430.
- Grand Cherokee L Altitude A lease may be available for $449 monthly for 36 months, although you may have to leave a deposit upon signing. The sticker for this one starts at $45,430.
- Grand Cherokee Altitude 4×4. Leases are available for about $438 a month for 36 months, with a possible initial payment The MSRP starts at $45,430.
- Grand Cherokee Limited 4×2. It’s possible to lease one of these for $507 each month for 36 months, with a possible security deposit necessary. The starting price is $45,040.
So, does leasing a Grand Cherokee make sense? Well, as you can see, there certainly are deals to be had, and the vehicle is always a wise choice. But ultimately, it all depends on factors including your finances, your needs, your driving habits, and more. Take a close look at your situation — and make the decision that’s best for you.