Our lease is expiring on our 2019 Jeep Cherokee. Only 25,000 miles on it due to Covid and working from home. We can buy it outright for $17,000, which we are doing. That price was in the terms of the lease at inception.
Right now the same vehicle with a lot more miles is selling for $35,000.
No repo for us.
Just saw a commercial that rhe current price of a new Cherokee bare bones was $61,000.
Wow have they jumped.