Deal of the Month: Jeep Grand Cherokee Altitude 4x4 ($394/Month Lease)
As new vehicle inventories increase, we’ve been seeing an uptick in deals on Leasehackr Marketplace.
The best deal this month is the 2023 Jeep Grand Cherokee, including its three-row variant, Grand Cherokee L. In our view, both SUVs are a notch above their mainstream rivals and fare well against luxury-badged SUVs like Acura MDX, BMW X5, and Volvo XC90.
For December 2022, Chrysler Capital is offering a strong 24-month lease program on 2023 Jeep Grand Cherokee, complete with high residual values and generous incentives.
While discounts and incentives vary by region, we think many readers should be able to lease the Altitude 4x4 version of the 2023 Grand Cherokee for under $400 per month with $0 down payment, plus taxes and fees, by deploying the negotiation tips and strategies commonly discussed on Leasehackr Forum.
If you’re not a fan of negotiation, then keep an eye out for Jeep Grand Cherokee deals from sellers on Leasehackr Marketplace. We’ve even seen sub-$300 per month Grand Cherokee deals this month on the Marketplace, but they go quickly.
Chrysler Capital Lease Program - December 2022
The sweet spot for 2023 Grand Cherokee is the 24-month lease program through Chrysler Capital on Laredo 4x4 and Altitude 4x4 models. Both trims get a whopping 78% residual value (assuming 10,000 miles per year), meaning the depreciation portion of the lease will be relatively low.
Chrysler Capital’s money factor for Laredo 4x4 and Altitude 4x4 is high at .00265 (equivalent to 6.36% APR), but conversely, a number of cash incentives help reduce the cost of the lease.
Most regions get $2,000 in Big Finish bonus cash, plus $1,000 in bonus cash. The Northeast U.S. gets an additional $750 in December to Remember bonus cash. On top of that, Leasehackr users have been getting a $1,000 Private Offer after browsing the Jeep website for a few minutes. All in all, that’s $4,750 in incentives that can be applied toward the cost of the lease.
Current programs are valid through January 3, 2023, although the rates and residuals may be locked on custom-ordered vehicles that arrive after that date via Sold Order Protection by qualifying Jeep dealers.
Grand Cherokee Sample Deal ($394/Month)
Every deal will be different based on the MSRP of the vehicle and the discount you are able to negotiate.
Below is a sample deal assuming 3% off MSRP, which incidentally is the minimum discount one could get through the FCA Affiliate Rewards program. We have seen higher discounts than that on Leasehackr Marketplace, especially on custom-ordered vehicles.
The deal ends up being $394 per month with $0 down payment, plus taxes and fees, on a 2023 Jeep Grand Cherokee Altitude 4x4, assuming 3% off MSRP and New York taxes and registration, including the $1,000 Private Offer. You can adjust the Calculator inputs based on your circumstances.
For program data on all Grand Cherokee models, check out Rate Findr — the only place where consumers can look up both lease and finance rates and rebates on demand.