Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
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
Car Loans Canada
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.
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
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 type | Auto loan (term loan) |
| Loan amount | $32,512.50 |
| Interest rate (APR) | 5.90% |
| Loan term | 6 years |
| Additional fees | 4.00% 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.
Jeep dealerships may offer two incentive programs to military service members and drivers with permanent disabilities.
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 Sport
Renegade Sport
Cherokee Sport
Wrangler Sport
Grand Cherokee Laredo
Gladiator Sport S
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:
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.
Canada Drives simplifies the process of buying a car, showing you how much you can borrow along with a list of vehicles you’ve already qualified for based on your approved financing.
Do you need a car loan but you don’t have the best credit? Canada Auto Finance connects you with local dealers to help you secure auto financing at competitive rates to help you buy a car.
Use our our helpful guide to compare the cheapest and most expensive cars to insure.
Learn whether in-house financing is a good choice for you and find out what your alternatives are if you’d prefer a different type of car loan.
Protect your luxury car with a customized policy that offers higher coverage options and special perks.
Just bought a car only to find it needs repairs? There are consumer protection measures in place to help. Read through our guide to learn what your options are.
Compare 7 of the best small car models based on their MSRP, fuel efficiency, spaciousness and more.
Learn what factors to consider when choosing car insurance and how much coverage you actually need.
Discover what goes into car maintenance costs, ways to save and how you can pay for repairs with our helpful guide.
Cars lose value as soon as they’re driven off the lot. Find out how much your car could be worth and how to save money on your next car.
