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How to finance a Jeep

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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
  • Safe and secure loans

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.

  • Min. Loan Amount: $7,500
  • Max. Loan Amount: $55,000
  • Interest Rate: 3.99% to 29.95%
  • Loan Term: 12-84 months

How can I finance a Jeep?

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

Name Product Min. Loan Amount Interest Rate Loan Term Min. Credit Score Requirements
CarsFast Car Loans
4.90% to 29.90%
12 months - 8 years
Gross income of $1,800/month, 3+ months employed
Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs. Apply online to purchase a new or used vehicle and get the vehicle delivered to your door.
Car Loans Canada
3.99% to 29.95%
12-84 months
3+ months employed, min. income of $2,000/month
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.
Loans Canada Car Loans
0% to 29.99%
3-96 months
Employed for at least 3 months, min. income of $1,800/month
Get access to financing from multiple lenders across Canada through a single application with Loans Canada. Bad credit, CERB and EI borrowers are considered.
Carloans411 Car Loans
1.90% to 19.99%
Up to 72 months
Employed for 3+ months, min. income of $1,600/month
Get connected with suitable lenders through CarLoans411. Finance your next car, van or truck with loans available in amounts from $500 to $50,000. Check eligibility for this loan through LoanConnect.
LoanConnect Car Loans
10.00% to 46.96%
6-60 months
No min. income requirement
Get access to 25+ lenders through LoanConnect's brokerage. Receive pre-approval in as fast as 60 seconds and get your funds in as little as 24 hours.
Fairstone Secured Personal Loan
19.99% to 23.99%
3-10 years
Have an established credit history and own your home
Fairstone offers secured personal loans up to $35,000.

Compare up to 4 providers

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$45,750.00
Loan typeAuto loan (term loan)
Loan amount$32,512.50
Interest rate (APR)5.90%
Loan term6 years
Additional fees4.00% origination fee ($1,300.50)
$0.00 application fee (waived by lender)
Payment $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.

compass jeep car

Compass Sport

  • Starting MSRP: $26,400
  • Build: SUV
  • City/highway L/100 km: 10.4/7.3
renegade jeep car

Renegade Sport

  • Starting MSRP: $28,945
  • Build: SUV
  • City/highway MPG: 9.8/7.6
cherokee jeep car

Cherokee Sport

  • Starting MSRP: $27,021
  • Build: SUV
  • City/highway L/100 km: 10.8/7.6
wrangler jeep car

Wrangler Sport

  • Starting MSRP: $33,490
  • Build: SUV
  • City/highway L/100 km: 13.7/9.6
grand cherokee jeep car

Grand Cherokee Laredo

  • Starting MSRP: $40,395
  • Build: SUV
  • City/highway L/100 km: 12.7/9.6
gladiator jeep car

Gladiator Sport S

  • Starting MSRP: $47,245
  • Build: SUV
  • 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.

Bottom line

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.

Read our guide to car loans to learn more about how they work and compare lenders.

Frequently asked questions

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