Jeep Cherokee Latitude Plus Lease
The average cost to lease a Jeep Cherokee Latitude Plus is around $500 a month.
Written by Brittni Brinn
Reviewed by Jessica Barrett
The total cost for a Jeep Cherokee Latitude Plus lease includes an average of $500 per month. The down payment, your credit score, and the terms of your lease will also affect how much you end up paying for your lease.
A capable crossover SUV with impressive off-roading capabilities and towing power, the Jeep Cherokee Latitude Plus is a satisfying vehicle to take down the road less traveled by. But if you’re not 100% sure about a long-time financing commitment, you can always opt to lease—that way, you can enjoy the best years of the Jeep Cherokee Latitude Plus and bid farewell at the end of the lease term.
Leasing does come with additional restrictions like mileage caps and may charge you fees at lease-end if the vehicle isn’t up to code. Plus, all of your monthly payments won’t secure you an asset—when the lease is done, you’ll be back to square one.
Here to help you navigate the ins and outs of leasing is
Jerry
, the car insurance
super app. We’ll take a look at how to lease a Jeep Cherokee Latitude Plus, along with the costs of a lease, what to do when it ends, and how to find affordable Jeep Cherokee Latitude Plus car insurance costs
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How to lease a Jeep Cherokee Latitude Plus
To get a lease for a Jeep Cherokee Latitude Plus is fairly straightforward, but there are a few steps to complete before you visit the dealership:
- Check your credit score. A good credit score above 650 is the best to have when going into lease negotiations. Anything under 630 will make securing a lease difficult. Unfortunately, if your score is under 520, you probably won’t be able to get a lease.
- Plan out your leasing budget. A monthly payment on your lease shouldn’t take up more than 15% of your income. So, if you earn $3,500 a month, your lease payment should be $525 at most.
- Decide how much you want to pay upfront. You can reduce your monthly costs by putting more money into your down payment. And don’t forget to factor in the additional costs for add-ons and other features you may want to add to your leased vehicle.
- Calculate your annual mileage. Your lease will most likely include a mileage cap of 10,000, 12,000, or 15,000 miles. If you drive more than that a year, you can pay to add more miles to your lease.
Even though it can be a pain to look up your credit score and plan out your finances, having a good idea of what you can afford and what you need from a lease can help you negotiate better terms with the dealership. In the long run, you’ll be glad you took some extra time in order to keep your monthly installments reasonable.
The final step: shop for insurance
Once you’ve secured your lease, the final step is to secure some equally-affordable car insurance. With
Jerry
, you don’t have to worry about phone calls or paperwork—just download the app, answer a couple of questions and let Jerry take it from there! How much does a Jeep Cherokee Latitude Plus lease cost?
On average, a Jeep Cherokee Latitude Plus will cost around $500 a month to lease.
You’ll also have to factor in the extra costs that come with the vehicle’s trim level and add-ons, your credit score, the lease term, and the amount you put into your down payment. The location of your dealership and the time of year can also affect how much your lease will end up costing you.
Trim level is a big factor in determining your monthly payments. The Latitude Plus is the third of nine trims, so will cost a little bit more than the base Latitude or Freedom trims. If you have more to work with and want to upgrade, the
Limited
, , and High Altitude are the top trims—but they’ll cost you a pretty penny to lease. The features you add to your lease can also increase your monthly payments. For the following example, we’ll take a look at the cost associated with each of the wheel-drive options available, assuming an annual mileage cap of 10,500.
Trim level | Monthly payment |
|---|---|
Cherokee Latitude Plus 4X4 | $500 |
Cherokee Latitude Plus AWD | $502 |
Services included in a Jeep Cherokee Latitude Plus lease
Jeep doesn’t offer a lot in terms of services for leased vehicles, but your Latitude Plus will be covered by the manufacturer’s warranty for all or most of your lease. That means you won’t have to pay as much for repairs or replacement parts.
Lease terms are generally three years, but there are benefits to choosing a shorter or longer lease. For a shorter lease, you won’t have to pay as much interest but your monthly payments will be lower. A longer lease will bring down your monthly payments, but you’ll end up paying more overall to cover additional interest.
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What to do when your Jeep Cherokee Latitude Plus lease is up
At the end of your lease term, you’ll have a decision to make. Here are your main choices:
- Buy your leased vehicle
How to return a leased Jeep Cherokee Latitude Plus
If you decide to turn in your leased Jeep, there are a few steps you need to follow to make sure you won’t get charged extra fees.
Your leased vehicle will need to be inspected. Wear and tear is normal, but if it crosses the line into minor or major damage, like dents in the hood or stains on the seats, you’ll have to pay cleaning and repair fees.
But you won’t have to deal with the inspection results alone—Jeep technicians are available to help you review the results of the inspection and advise you if you need to repair your lease before returning it.
How to purchase a leased Jeep Cherokee Latitude Plus
If you can’t bear to say goodbye to your leased vehicle, the good news is that you can usually
purchase it through the dealership
once your lease terms are fulfilled. The purchase amount will be stated in your lease agreement. If you have questions, you can contact your dealer to discuss your after-lease options.“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.How to find the best car insurance for a Jeep Cherokee Latitude Plus lease
Once you have your keys for your new Jeep Cherokee Latitude Plus, you’ll need to have good insurance in hand as well.
Jerry
is the #1-rated super app
that can find you the most affordable rates on your car insurance.After going through the leasing process, you won’t want to deal with any more paperwork—and we don’t blame you! Jerry will take care of all the busywork of setting up your new insurance policy and will even help you cancel your old plan.
The savings speak for themselves: the average Jerry user saves $887 per year on car insurance when they use our
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