How to Lease a 2020 Jeep Grand Cherokee jeepcarus.com You may be interested in learning how to lease a 2020 Jeep Grand Cherokee. This article will cover what you can expect to pay each month, how much of a down payment you’ll need to make, and the cost of maintenance.
By the end of this article, you’ll have an idea of how much leasing a 2020 Jeep Grand Cherokee will cost. We’ve also broken down the costs into the following categories:
2020 jeep grand cherokee limited lease price
Cost to lease a 2020 Jeep Grand Cherokee
The Jeep Grand Cherokee is available in a range of trim levels, including the Limited and Laredo. The base Laredo edition is available with a 296-horsepower V6 engine, with optional uprated engines ranging up to a 707-horsepower V8 for the Trackhawk performance edition.
The Grand Cherokee is also capable of towing a substantial amount of weight, making it an ideal vehicle for families.
To calculate the total cost of leasing a 2020 Jeep Grand Cherokee Limited, start by estimating the monthly lease payments. Take into consideration that prices on leasing vehicles vary significantly between websites and dealers.
Please note that the rates listed are for an example only and are subject to change depending on the vehicle’s availability, manufacturer and lender incentives, and price changes. For the most accurate cost estimate, visit a local dealer.
When comparing lease offers, the total cost of a lease is a critical number. Many people focus on the monthly payment, but forget about the total cost. For example, if car A requires a $225 monthly payment, but car B requires a $3,000 down payment, the latter is going to be a more expensive option. This is because the down payment is much higher in the latter model.
A 3.6L V6 engine powers the 2020 Jeep Grand Cherokee Limited. Limited models come with upgraded features such as a heated second row seat, HID headlamps, and a power liftgate. Limited models also have an available park view back camera.
A rearview camera makes it easier to find parking spots, and the 2020 Jeep Grand Cherokee Limited is capable of towing up to 7,200 pounds. Its luxury interior is also notable for its premium price.
To lease a new or used Jeep Grand Cherokee, you must meet certain requirements. The money factor is based on your credit score, which lenders use to determine your risk. Convert the money factor to an interest rate and compare it.
By shopping around, you could save thousands of dollars on interest payments. If you want to lease your 2020 Jeep Grand Cherokee Limited, use LeaseTrader to find a lease that meets your needs.
limited lease price – Estimated monthly payment
To calculate the estimated monthly payment for a new 2020 Jeep Grand Cherokee, enter the vehicle’s price and the monthly payment you’d like. This includes the down payment and the monthly payments for the first 36 months. For the model year 2020, the monthly payment is approximately $390.
In addition, you’ll also be responsible for paying taxes and fuel costs. This car lease is a great option for those who want a new SUV and are on a budget.
Before you begin the financing process, you’ll need to test drive the vehicle and complete a credit application. When completing a credit application at a dealership, you’ll be generating a few inquiries on your credit file. Once the dealership has approved your application, you’ll have to negotiate the purchase terms.
Once you’ve reached a settlement with the dealer, you’ll sign a contract incorporating the terms of the finance agreement and the price. You’ll also have a retail installment contract with the dealer as the original creditor.
Insurance rates vary by model and age, so it’s important to shop around and compare quotes before committing to a policy. The price you pay will depend on a number of factors, including the model year, the number of miles you drive, the coverage you choose, and the type of coverage you select.
Insurance rates are affected by the car’s age, so if you’re a teenager, you’ll pay significantly more than a 30-year-old driver.
cherokee limited – Down payment required
The down payment required for the 2020 Jeep Grand Cherokee Limited lease price is just $2995. There’s no other down payment, and the payments are based on the advertised MSRP of $40,120. Payments also include tax and DMV. The interest rate varies based on credit and other factors.
All payments are subject to lender approval, and all offers require a balloon payment at the end of the lease term.
The down payment for the 2020 Jeep Grand Cherokee Limited lease price will be approximately $2,000, so you can afford to make a down payment of that amount. Depending on your credit score, your monthly payment can be anywhere from $1500 to $40,000 per year.
The monthly payment is broken down into two components: the lease fee, which consists of the amount of interest paid over the lease term, and the depreciation fee, which is based on a money factor.
There are a number of ways to save on the down payment. If you have a good credit score and are willing to pay a down payment, a short-term lease can save you a lot of money. First, you can use a service such as LeaseTrader to search listings for the perfect car.
Once you’ve narrowed down your search to a specific brand and model, you can use LeaseTrader to find the best lease deals.
Prices on the site are based on standard equipment, but may vary from region to region. The advertised prices do not include required registration fees, vehicle registration fees, or finance charges. You can confirm vehicle pricing with the dealership in your area.
Also, remember that the prices do not include taxes, title, license, or emission testing fees. A down payment is required, but this is usually small compared to what you’ll have to pay at the dealership.
cherokee limited – Maintenance costs
The maintenance costs of the 2020 Jeep Grand Cherokee Limited vary by model and body style. The base model comes with standard features such as blind-spot monitoring and rear cross-traffic warning. The Summit trim comes with four-wheel drive as standard.
The Jeep Grand Cherokee Trackhawk is more expensive than the base model and features a 707-horsepower supercharged engine. Both of these models cost around $80,000, so you could save money by choosing the base model.
In order to determine how much a vehicle will cost to maintain, you should compare the frequency of major services performed on it. In general, cars with high frequency scores will require frequent service. Cars with low frequency scores may go longer between major maintenance visits.
However, some repairs are outliers, so you’ll have to pay attention to determining how often to service your vehicle. In the chart below, you can see how the maintenance costs for the 2020 Jeep Grand Cherokee Limited will vary by model and year.
In addition to regular maintenance, your 2020 Jeep Grand Cherokee will need replacement tires every 30,000 miles. You’ll also need to change the cabin and engine air filters, timing belts, driving belts, spark plugs, and engine coolant. During these service visits, you can expect to pay between $560 and $670 per service.
For some maintenance, you can even purchase parts and pay the shop directly for the labor.
The front brake rotors, which are typically warped, should be replaced yearly. Heat will cause these rotors to warp and increase stopping distance. If you’re going to replace your rotors, you’ll want to choose high-performance ones rather than warp-prone ones.
You’ll also need to replace the TIPM (thermoelectrical interface module) that controls most of the vehicle’s electrical systems.
The Jeep Grand Cherokee has a wealth of off-road gear. There are four distinct four-wheel-drive systems, Quadra-Lift air suspension, and Hill Ascent control. It also features a limited-slip differential and several traction management systems.
It can also tow up to 7,200 pounds. The Jeep Grand Cherokee has an impressive cabin. The base Laredo model has sparse interiors but higher trims feature sportier and more luxurious interiors.