With its off-road capabilities, Jeep is a popular car brand for those who love the outdoors and spend a lot of time navigating trails. If you’re ready to pick up a new SUV fit for adventure, you have a slew of financing options to choose from.
Car Loans Canada
Min. Loan Amount: $7,500
Max. Loan Amount: $55,000
Interest Rate: 3.99% to 29.95%
Loan Term: 12-84 months
$0 down options available
All credit scores considered
Quick and simple financing
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Car Loans Canada
Search thousands of vehicles online, including $0 down options, from dealers across the country and get matched with affordable financing options. Auto loans are also available to those with bad credit, consumer proposals and bankruptcies to help rebuild credit.
From car loans and personal loans to financing directly through a dealer, you have options when it comes to buying a new Jeep. While dealership financing tends to be the quickest, a car loan from a bank, credit union or online lender may get you better rates and terms.
Comparing car loans before you walk into a Jeep dealership not only lets you lock down a potentially lower APR, but it also lets you know exactly how much you can spend on your new car. This can help guide you toward a Jeep you can afford and keep you from getting talked into unnecessary add-ons. A personal loan is another way for you to pay for your new Jeep, though you likely won’t find as competitive rates and terms since your loan won’t be secured by the car you’re buying.
Since it can take a few days to compare lenders and fill out pre-approval forms, buyers on a time crunch may want to consider financing directly through the finance branch of Jeep’s parent company, Chrysler Financial.
Financing through a Jeep dealership. You can finance your dream SUV directly through an authorized Jeep dealer. Past offers have included financing for a 2020 Jeep Grand Cherokee Summit where you could pay $191/week at 3.99% APR for 8 years with $0 down payment.*
Leasing through a Jeep dealership. If you’re interested in switching things up every few years, you might want to consider leasing through a jeep dealership. Past lease offers for the 2020 Jeep Wrangler started at $105/week at 6.49% APR for 60 months.*
The promotions available to you will vary based on where you live, your local dealership and your personal financial situation.
*Rates as of December 9, 2019
Compare car loans for financing a Jeep
Representative example: Ren buys a Jeep
Ren, who lives in Alberta, loves backpacking, camping, off-roading and just about anything that’ll let her spend time outdoors. She recently landed a big promotion and wants to celebrate by buying a new Jeep. Ren has her eye on a 2020 Firecracker Red Jeep Wrangler Sport S priced at $45,750.00 at a nearby dealership.
She trades in her old vehicle for $7,500.00, makes a 20% deposit of $7,650.00 on the Jeep and applies for an auto loan from her bank to cover the rest of the cost ($30,600.00) plus $5% GST. Because Ren has a solid credit history and a good income, she is approved for financing. Along with the cost of her loan, Ren also pays around $60.00 to register her SUV with the provincial government.
Cost of new RV travel trailer
Auto loan (term loan)
Interest rate (APR)
4.00% origination fee ($1,300.50) $0.00 application fee (waived by lender)
$537.29 monthly or $247.71 biweekly
Total loan cost
$38,684.88 with monthly payments or $38,642.76 with biweekly payments
*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.
Does Jeep offer special discounts or programs?
Jeep dealerships may offer two incentive programs to military service members and drivers with permanent disabilities.
Jeep military program. If you’re an active-duty, retired service member, reservist or a household member of one, you may be eligible for a cash discount on select Jeep models.
FCA (Fiat Chrysler Automobiles) Canada AutoAbility program. Drivers with permanent disabilities may qualify for a cash reimbursement of up to $750 for the cost of installing adaptive driver or passenger equipment.
What will a new Jeep cost me?
A new Jeep from the 2020 model year typically costs $26,000 to over $33,000. But the actual price you pay will depend on your negotiation skills and any customization you choose to add onto your car.
Starting MSRP: $26,400
City/highway L/100 km: 10.4/7.3
Starting MSRP: $28,945
City/highway MPG: 9.8/7.6
Starting MSRP: $27,021
City/highway L/100 km: 10.8/7.6
Starting MSRP: $33,490
City/highway L/100 km: 13.7/9.6
Grand Cherokee Laredo
Starting MSRP: $40,395
City/highway L/100 km: 12.7/9.6
Gladiator Sport S
Starting MSRP: $47,245
City/highway L/100 km: 14.3/10.4
Does a new Jeep come with a warranty?
Yes, all Jeep models come with a 3-year or 60,000-km limited warranty. Your new Jeep may also come with two other warranties:
Rust-through coverage. Coverage for damage to all body sheet metal that has been rusted-through. The warranty lasts for 5 years or 160,000-km.
Powertrain warranty. This is a 5-year or 100,000-km fully transferable warranty with $0 deductible. It also includes 24-hour roadside assistance.
You can have your Jeep serviced at any authorized Chrysler, Dodge, Jeep or Ram dealer. If you’re looking for warranties for previous model years, you can find more details on Jeep’s website.
Jeep is known for its durable vehicles that can zip between the city and countryside with ease. Luckily, you have several financing options to get behind the wheel of one of these popular SUVs — from a car loan to financing directly through the dealership. And you may be able to score a discount if you’re a military service member or plan to install adaptive equipment on your new vehicle.
Visit Jeep’s website and click Dealers & Inventory in the top navigation bar. From the drop down options choose, Find a Dealer. If it didn’t automatically detect your location correctly, click Update Your Location. Enter your postal code or city, then click on the check mark. A list of dealers near you, along with their address and phone number, should pop up.
It depends on what you’re planning to use your Jeep for. If you’re hoping to go on lots of off-road adventures, then leasing may not be the best option. You could end up causing excessive wear and tear that you’ll have to pay for at the end of your lease contract. In this case, you may want to purchase your Jeep outright so you can use it wherever — and however — you want.
But if you simply want a luxury SUV and know you’ll be sticking to the streets rather than the trails, a lease may be ideal. It gives you access to new features every few years without breaking your monthly budget. Read our article on how to decide whether to lease or buy a car.
The exact number varies, but most experts recommend anywhere from 10% to 20% of the vehicle’s MSRP. Not only will this lower the total amount you have to borrow, but it will show your lender you’re a serious buyer and a responsible borrower, which may impact the interest rate and terms you’re given. At the very least, you may be able to use your down payment to negotiate a better price for your Jeep.
Taxes, titling and other fees vary by province or territory, so visit your local transport ministry website to learn what you can expect to pay. If you’re worried you may not be able to cover it all up front, some lenders allow you to add these costs to your total loan amount. Check out our helpful guide of costs to consider before buying a car.
Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.
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