Best Jeep Deals, Leases & Incentives for August 2022 – Forbes Wheels

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Jeep’s August lease is surprisingly a bit better than July’s. Inventory is still tight, especially on the latest models like the Grand Cherokee, but there are real bargains to be had. Depending on the region, the automaker offers significant bonus cash, especially on the Gladiator pickup and the small Renegade.

Lease amounts vary significantly by region this month, but the Compass, Wrangler and Renegade top the list of affordable leases.

0% financing is increasingly rare at most dealerships, but Gladiator and Compass offer very good 0% options this month for well-qualified buyers willing to take a relatively short loan term. The other Jeeps no longer have 0% offers, but the Renegade can be found with 0.9% offers in some regions. The low interest deals still on offer also include cash grants of up to $2,000 on Renegades and a fantastic $4,500 on Gladiators.

Attractive lease rates of under $300 per month (and as low as $209) are available on select Compass, Cherokee and Renegades models this month, but Wrangler and Gladiator leases are less friendly this month than they were in July. Jeep no longer offers any incentives on the carryover Grand Cherokee WK.

Enter your zip to see the local deals:

2022 Jeep Renegade Sport

$502 per month for
36 months for Sport Trim, provided that a $1,000 down payment.

The Jeep Renegade is a subcompact crossover with adorable tonka-truck styling and real off-road ability, but it’s unrefined and slow, with a dated interior. Incentives have been withdrawn this month, but some Renegades are available for purchase without markings.

2022 Jeep Gladiator Sport

$563 per month for
36 months for Sport Trim, provided that a $1,000 down payment.

Few pickup trucks can match the Gladiator’s off-road talents, and its style is as rugged as its capabilities. Affordable leases are currently offered on a wide range of trims, some of which are regional.

2022 Jeep Compass Sport

$514 per month for
36 months for Sport Trim, provided that a $1,000 down payment.

Leases for the Compass Latitude and Altitude trims are the most affordable, but even the top-spec Trailhawk and Limited models are only a fraction more expensive. After a major refresh this year, the compass is much improved compared to previous years.

2022 Jeep Wrangler Sport

$509 per month for
36 months for Sport Trim, provided that a $1,000 down payment.

The Wrangler is tough off-road and very popular. Affordable rental rates are offered on the Unlimited Sport, High Tide, Willys, Sport S and Sport Altitude, but the Sahara, High Altitude and Rubicon models cost much more.

2022 Jeep Cherokee Altitude

$551 per month for
36 months for Altitude Trim, provided that a $1,000 down payment.

The Cherokee is largely unchanged for 2022 and while still quite capable, it now has more modern rivals like the Ford Bronco Sport and Subaru Forester Wilderness to contend with.

2022 Jeep Grand Cherokee Altitude

$583 per month for
36 months for Altitude Trim, provided that a $1,000 down payment.

The Grand Cherokee is all-new this year and in demand, but there are still some friendly leases available on the Laredo and Altitude trims.

2022 Jeep Grand Cherokee L Laredo

$615 per month for
36 months for Laredo Trim, provided a $1,000 down payment.

Few deals are available on the Grand Cherokee L, which is a new model this year and the first three-row version of this popular SUV. However, there are some friendly lease deals on the Laredo and Altitude trims.


Methodology

Forbes wheel scours ChromeData’s LenderDesk for the latest and greatest incentive and leasing deals on a national basis, but also does independent research on local and regional market-based incentives.

The offers presented may not be as low as lease specials advertised on dealer and manufacturer websites, which typically do not include taxes or fees, and may apply to stripped-down models that lack popular options. Adding desirable features or higher trims can raise or lower the price depending on the manufacturer’s offerings at the time of the deal. For example, our data showed that a monthly lease payment on a Grand Wagoneer Series III, Jeep’s best-looking and most expensive model, cost $1,983 per month.

Additionally, 0% or special financing offers depend on creditworthiness and may not be available to all consumers.


FAQ

Are there any good jeep deals in August?

Yes, and surprisingly, some lease payments are down about 8 to 10% from July. The Renegade reclaims its spot as the most incentivized Jeep, with a loan offer of 0.9% plus $1,250 bonus cash as well as offers of $1,750 to $2,000 bonus cash in various regions and lease payments as low as $279 per month over a 36-month term. Compass offers some very low monthly payments, as low as $209 in some regions, although the amount due at signing has increased.

Lease deals on the larger Jeep models continue to cool, but the automaker is offering a wide variety of bonus deals this month. As usual, accessing it means being in the right place at the right time and facing the right circumstances, but in some regions buyers can get a cash grant of $4,500 on Gladiators, $2,000 on Renegades, $1,500 on Compasses and $1,000 USD on Cherokees and (2022) ) Grand Cherokees. Wagoneers continue to have no real incentives, and there are no deals this month on the carryover Grand Cherokee WK.

Is 0% financing available?

Yes, but the offers are more limited now than in past months. Most offers nationally start at 5.11%, up from 4.65% last month, but 0% financing for qualified buyers (and they have to be very well qualified) is still available on the Compasses and Gladiators. On Compass models, 0% deals can only be had with a 36-month term, so the monthly payment will be hefty, but the 0% deal on the Gladiator is a 72-month term and is likely to be very attractive.

Which Jeeps have the best deals right now?

The Renegade remains available to buy without a significant mark-up and Jeep has returned to incentivising it this month, including cash-back offers and a 0.9% finance deal with a 60-month term and some bonus cash. The cash backs and the 0% deal at Gladiator are both very attractive. Compass and Cherokee models also offer attractive incentives.

There are some new deals on the Wrangler 4xe, but they aren’t exactly “good deals.” Federal EV tax credits are now in question, but the 4xe qualifies for the full $7,500 credit currently and will likely remain eligible, although income limits may reduce the incentive for some buyers, so now may be a good time to buy.

Renegade Trailawks (the most desirable and capable version of this small SUV) can be leased for as little as $404 per month, and the Compass and some Wrangler models can be had with monthly payments in the low $400 range. Wrangler offerings are more limited than they were last month, but with the 2023 Wrangler and Gladiator models arriving soon, they could improve in September.

Grand Cherokee offers are also limited, but also include attractive leases and up to $1,000 in bonus cash from Chrysler Capital.

What we expect next month

With another rate hike from the Federal Reserve, we very likely expect loan and lease terms to become less friendly in September. This may be offset by dealers needing to offload 2022 inventory as 2023 models come online, but there’s no guarantee there as supply is already limited. Renegade, Compass and Gladiator are likely to remain the most motivated models.

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