WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
By Samuel Todd
Updated on Jun 27, 2022
Reviewed by Jessica Barrett, Senior Editor.
If you want the unbeatable off-road performance and towing strength of a rugged Jeep Cherokee Limited but don’t want to deal with lofty monthly payments, you should consider leasing. Depending on your down payment and lease term, you can expect to pay between $400 and $600 per month.
The popularity of leasing has sky-rocketed in recent years because it’s a fantastic way to try out a brand-new car without committing to buying it. Leasing isn’t all peaches and cream, though: you’ll face more restrictions when driving a leased vehicle and you have to pay for the depreciation of the car as you go.
Before you sign on the dotted line and slide behind the wheel of a sweet Jeep Cherokee, you’ll want to know the inside scoop on leasing. Car insurance shopping super app Jerry is here to break it down: how to lease a Cherokee, how much it might cost, and what to do when you reach the end of your lease.
Compare insurance quotes from 50+ carriers with Jerry in under 45 seconds
How to lease a Jeep Cherokee Limited
To lease a Jeep Cherokee Limited, you can search for special deals on Jeep’s website or visit a local dealership. But don’t head to the lot just yet—first, take a look at our leasing checklist to guarantee that you’re getting the best deal.
- Check your credit score. A higher score means a lower monthly payment, so you should aim for a score of at least 660 before signing a lease.
- Make a budget. As a rule of thumb, your payment shouldn’t be more than 15% of your monthly income. So, if you make $4,000 per month, aim to spend less than $600 on your Jeep payment.
- Calculate your down payment. Though you might be able to negotiate it down to $1,000, most lease offers ask for between $3,000 and $4,000 up front.
- Estimate your monthly mileage. Most leases give 10,000 to 15,000 miles per year. Be sure to tailor your lease to your monthly mileage!
And there you have it! Now that you’ve taken care of the financial side of things, you’re one step closer to driving off into the sunset in your new Cherokee.
Here’s one last pro tip: keep your budget in mind when you head into the dealership. They’re probably going to try to upsell you by persuading you to add unnecessary features to your Cherokee. Arming yourself with a firm budget is a great way to resist the temptation of special offers.
The final step: shop for insurance
If the very words “insurance shopping” are enough to send a shiver down your spine, don’t panic just yet. We’ll let you in on a little secret: there’s a quick and easy way to get the best rates in the nation without any headache or hassle.
Introducing Jerry, our all-in-one insurance shopping super app. All you have to do is download the app, sign up in 45 seconds, and let Jerry show you the lowest prices from over 50 top insurers. Then, tap your top pick, and Jerry’s talented team will tackle the paperwork.
And voila! You’re on your way to savings that are fit for a king (or a Cherokee owner!). After all, the average Jerry driver saves $887 on car insurance.
How much does a Jeep Cherokee Limited lease cost?
On average, leasing a Jeep Cherokee Limited will cost between $400 and $600, but your exact payment will depend on a handful of factors:
- The sales price you negotiate
- The length of your lease
- The interest rate you secure
- Added features or upgrades (since the “Limited” trim level is already top-of-the-line, you won’t have to worry about this one too much)
- Your state’s sales tax
The trim level you choose will have a big impact on your monthly payment. Here’s a look at the price tag on the Jeep Cherokee’s trim levels:
Cherokee Latitude Lux—$35,590
If you’re dead-set on the panoramic sunroof and perpendicular park assist of the Limited trim, your payment will land on the higher end: around $566 per month. On the other hand, if you’re willing to drop some luxury features and go for a Cherokee Altitude, you shouldn’t have to pay much more than $400 each month.
Another key ingredient for your payment is your credit score. Though Jeep doesn’t have specific credit requirements, the average score for a Jeep lessee is about 673. You’ll be able to lock down an outstanding deal if you can get your score up near 750!
Services included in a Jeep Cherokee Limited lease
If you’re leasing a Jeep Cherokee that’s 2021 or newer, you’re in luck! Jeep recently announced that they are adding free maintenance for the first 36 months of ownership. Regularly scheduled maintenance covers things like:
- Oil changes
- Tire rotations
- Brake inspections
- Air filter inspections
For a detailed run-through of Jeep’s complimentary maintenance and warranties, check out the Jeep Wave customer loyalty program. Since the program lasts for three years, you should be covered for most (if not all!) of your lease term.
What to do when your Jeep Cherokee Limited lease is up
When you’ve finally run out of time on your lease, you have three main options:
- If you’re ready to bid your Jeep goodbye, you can return your Cherokee and look for a new car.
- Finally, if you just can’t bear to part ways with your Jeep, you can purchase the leased Jeep.
How to return a leased Jeep Cherokee Limited
For thorough guidelines on returning your Jeep, check out Chrysler’s end-of-lease guide. We’ll hit the highlights for you:
- First, arrange a pre-return inspection by calling Chrysler’s team at 855-383-0558.
- Next, contact your dealer to set up an appointment.
- Then, complete an odometer statement at your dealership.
- Finally, remove personal belongings, license plates, toll tags, and return your keys or fobs that came with the vehicle.
Keep in mind that unless you buy or lease another Jeep after returning yours, you’ll have to pay a $395 disposition fee to cover the return costs.
How to purchase a leased Jeep Cherokee Limited
If you’ve fallen in love with your Jeep while churning through the mud or cruising through the city streets, you can buy out the lease and take your Cherokee Limited home.
To make sure the process is smooth and stress-free, contact Chrysler’s Capital Allegiance Team at 855-383-0558. They’ll help you finance your Jeep using the price that you agreed on in your original lease.
How to find the best car insurance for a Jeep Cherokee Limited
It’s a well-known fact that Jeep drivers are some of the most adventurous on the streets. You’re built for conquering muddy roads, bumpy terrain, and steep mountain faces—not trudging through the swamp of competing insurance policies.
If you want to spend less time researching and more time off-roading, download our revolutionary super app, Jerry. It’s a policy-shopping wizard that will get you the lowest rates from the nation’s top insurers in a flash.
We’ve even got a team of friendly insurance agents that will help you cancel your old policy and start your new one, which means less paperwork and fewer phone calls for you.
Here’s a little inspiration to get you started: the average Jerry user saves $887 on car insurance!
“I was paying $350 a month for my new car. With Jerry, I set up a new policy in under 30 minutes that will save me over $1000 a year!” —Mariah K.
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