SUVs of all shapes and sizes continue to be extremely popular with car shoppers who appreciate their combination of extra cabin space, higher ride height, and cargo-toting capability. And when it comes to modern SUVs, few are as popular as Jeep’s current lineup of vehicles.
From the subcompact Renegade, to the rugged Wrangler, and upward to the elegantly-appointed Grand Wagoneer, Jeep has a range of models suited to all types of driving needs. This brand that remains devoted to off-road adventuring also caters to all types of car shopping budgets, too.
With this in mind, we’ve collected the best Jeep lease deals available this month. To make your Jeep SUV shopping as smooth as possible, we’ve also highlighted the pros and cons of choosing to lease or buy a vehicle outright.
You’ll also find valuable advice on how to secure the best offer, plus handy tips that could save you time and money.
Best Jeep Lease Deals in April 2024
- Benefits of Leasing a Jeep
- Jeep Lease Trends in 2024
- Best Lease Deals from Jeep this Month
- How to Get the Best Jeep Lease Offers
- Research Available Financing Options
- Leverage Trade-Ins and Additional Incentives
Benefits of Leasing a Jeep
Leasing any type of vehicle can be a smart way to stretch your car-shopping budget. That’s because when leasing you’re paying off the vehicle’s depreciation over the course of the multi-year deal, versus paying its entire MSRP. Generally speaking, this means your monthly lease payments would be lower than financing the same vehicle over a given period of time.
What are some additional benefits of leasing a new Jeep? Potential cost savings might allow you to choose a higher trim level with more comfort and safety features. It also provides added peace of mind because the vehicle will be under warranty for the entire length of the lease agreement. So, if you’re someone who fears a pricey mechanical breakdown could burst your budget at some point down the road, leasing is a smart option to consider.
Jeep Lease Trends in 2024
The automotive market is finally finding stability after a tumultuous few years due to the pandemic and shortage of microchips for vital vehicle functions. Thankfully, Jeep has a range of vehicles that extend from city-friendly-sized SUVs that deliver reasonable fuel economy, to range-topping models that have three rows of seating and a degree of performance and technology befitting a luxury-branded vehicle.
Subcompact and compact SUVs like the five-passenger Renegade and Compass each start below $30,000 and both come standard with all-wheel drive. If scaling boulders and traversing sand dunes is part of your daily commute, then the off-road-themed Wrangler is one of the most capable vehicles when paved roads end.
The newly added Wagoneer and Grand Wagoneer occupy the higher echelons of the Jeep lineup and deliver seating for up to eight onboard their luxurious cabins. Let’s take a look at a variety of Jeep deals on the brand’s entire range of SUVs.
Best Lease Deals from Jeep this Month
2024 Jeep Compass
Lease monthly payment: $229.00
Duration of lease: 27 months
Money down required for lease: $4,709
Total Cost (based on the terms listed above): $10,892.00
Effective monthly payment (based on the terms listed above): $403.41
MSRP: $37,840
Expiration date for lease offer: 4/30/24
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2024 Jeep Grand Cherokee
Lease monthly payment: $429.00
Duration of lease: 42 months
Money down required for lease: $4,899
Total Cost (based on the terms listed above): $22,917.00
Effective monthly payment (based on the terms listed above): $545.64
MSRP: $42,580
Expiration date for lease offer: 4/30/24
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2024 Jeep Grand Cherokee 4xe
Lease monthly payment: $449.00
Duration of lease: 27 months
Money down required for lease: $4,859
Total Cost (based on the terms listed above): $16,982.00
Effective monthly payment (based on the terms listed above): $628.96
MSRP: $62,255
Expiration date for lease offer: 4/30/24
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2024 Jeep Wrangler 4xe
Lease monthly payment: $339.00
Duration of lease: 36 months
Money down required for lease: $4,619
Total Cost (based on the terms listed above): $16,823.00
Effective monthly payment (based on the terms listed above): $467.31
MSRP: $57,330
Expiration date for lease offer: 4/30/24
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Research the 2024 Jeep Wrangler 4xe on CarGurus
How to Get the Best Jeep Lease Offers
There is no hidden handshake or special trick or secret phone number to call when it comes to getting the best lease offer on a new vehicle. But there is plenty of good advice that will save you time and potential hassle during your SUV shopping experience. One of the best tips is to be patient, consider what you want most in a vehicle and prioritize things like tech features, fuel economy, cargo volume, and safety equipment.
It’s also smart to know the terminology that comes with leasing or financing a vehicle. This avoids feeling confused or cornered when you’re at the dealership and ready to agree on a deal. We suggest taking a moment to read our guide about what to expect when getting a car loan.
Research Available Financing Options
Sometimes the best choice for a car shopper is to simply skip leasing and finance a vehicle. It pays to know all your options and to understand some of the limitations that come with leasing. To start, unless you opt to purchase the car at the end of the lease agreement, you’ll never own it outright. For those who enjoy having a vehicle that’s completely paid off, financing makes a lot of sense.
Another drawback when deciding to lease is whether your annual driving could exceed the deal’s mileage limits. These generally range from 8,000 to 12,000 miles per year, and going over these limits could incur substantial penalties at the conclusion of the lease.
Also be sure to consider the different means of financing. This could be a loan directly at the dealership, or a bank loan. Compare and contrast your options because it could save you considerable amounts of money. And remember that your credit rating is vitally important to securing the best possible deal. This applies to both leasing and financing.
Leverage Trade-Ins and Additional Incentives
No matter if you’ve decided to lease or finance that ideal Jeep SUV, there are important steps to take in getting the most for your money. For example, a trade-in vehicle might significantly lower the initial down payment, if not the entirety of your fixed-year monthly payments.
Use all available online resources to know what your trade-in is currently valued–including the CarGurus Sell My Car service–and speak to local dealerships directly to understand its price-saving potential.
Don’t be afraid to ask if there is added flexibility possible with a given offer. In terms of leasing, this could be higher annual mileage caps, or adjusting a down payment balanced with monthly payments. If you’d prefer to have more cash in-hand at the time the deal is done, a lower down payment could offset the uptick in future monthly payments.