Best Jeep Deals

Best Jeep Deals, Leases And Incentives For August 2022

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

Leasing amounts vary considerably by region this month, but the Compass, Wrangler and Renegade top the list of affordable lease deals.

0% financing is increasingly uncommon at most dealerships, but the 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. Those low-interest deals still on offer also include cash allowances of up to $2,000 on Renegades and an amazing $4,500 on Gladiators.

Attractive lease rates of under $300 per month (and as little as $209) are available on select Compass, Cherokee and Renegades models this month, but Wrangler and Gladiator lease deals are less friendly this month than in July. Jeep is no longer offering any incentives on the carry-over Grand Cherokee WK.

2022 Jeep Renegade Sport

$440 per month for
36 months for the Sport Trim, assuming 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 pulled back this month, but some Renegades are available to buy without markups.

2022 Jeep Gladiator Sport

$472 per month for
36 months for the Sport Trim, assuming a $1,000
down payment.

Few pickups can match the Gladiator’s off-road talents and its styling 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

$447 per month for
36 months for the Sport Trim, assuming a $1,000
down payment.

Leases on Compass Latitude and Altitude trims are the most affordable, but even top-spec Trailhawk and Limited models are only fractionally pricier. After a major refresh this year, the Compass is much improved over previous years.

2022 Jeep Wrangler Sport

$446 per month for
36 months for the Sport Trim, assuming a $1,000
down payment.

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

2022 Jeep Cherokee Altitude

$474 per month for
36 months for the Altitude Trim, assuming 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

$489 per month for
36 months for the Altitude Trim, assuming a $1,000
down payment.

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

2022 Jeep Grand Cherokee L Laredo

$516 per month for
36 months for the Laredo Trim, assuming 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, some friendly leases are available on the Laredo and Altitude trims.

 

FAQ

Are there good Jeep Deals in August?

Yes, and surprisingly some lease deal payments have dropped by about 8 to 10% from July. The Renegade regains its place as the most incentivized Jeep, with a 0.9% loan offer plus $1,250 bonus cash as well as offerings of $1,750 to $2,000 bonus cash in various regions and lease payments as low as $279 per month on a 36-month term.

The Compass is offering some very low monthly payments, as little as $209 in some regions, though the amount due at signing has risen.

Lease offers on the larger Jeep models continue to cool but the automaker is offering a wide variety of bonus offers this month.

As usual, accessing it means being in the right place at the right time and meeting the right circumstances, but in some regions, buyers can get a $4,500 cash allowance on Gladiators, $2,000 on Renegades, $1,500 on Compasses and $1,000 on Cherokees and (2022) Grand Cherokees. Wagoneers continue to have no real incentives, and there are no deals this month on the carry-over Grand Cherokee WK.

Is 0% Financing Available?

Yes, but the offers are more limited now than in the past few months. Most nationally-offered deals start at 5.11% a jump trom 4.65% last month, but 0% financing for qualified buyers (and they need 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 likely to be very attractive.

Which Jeeps Have the Best Deals Right Now?

The Renegade remains available to purchase without significant markups and Jeep has returned to incentivizing it this month, including cash allowance offers and a 0.9% financing deal with a 60-month term and some bonus cash.

The cash allowances and 0% deal on the Gladiator are both very attractive. Compass and Cherokee models are also offering attractive incentives.

There are some new offers on the Wrangler 4xe, but they’re not exactly “great deals.” Federal EV tax credits are now in question, but the 4xe qualifies for the full $7,500 credit at present and will likely remain eligible, though income limits might cut back the incentive for some buyers, so now might be a good time to buy.

Renegade Trailawks (the most desirable and capable version of this tiny SUV) can be leased for as little as $404 per month and Compass and some Wrangler models can be had with monthly payments in the low $400 range.

Jeep Wrangler deals are more limited than they were last month, but with 2023 Wrangler and Gladiator models due soon, they might improve in September.

The Grand Cherokee deals 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 a further interest rate hike from the Federal Reserve very likely we expect loan and lease terms to be less friendly in September.

This might be offset by dealers’ need to unload 2022 inventory as 2023 models come online, but there’s no guarantee there as supplies are already limited. Renegade, Compass and Gladiator are likely to remain the most incentivized models.

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