BLOG
Latest Industry News
October 13, 2019
Posted by VIP Lease

The Sudden Increment In Leasing 2020 Jeep Gladiator

If you are a great fan of the Jeep Gladiator and can’t wait for the lease prices actually to drop, well, this going to look more like a nightmare for you. It is not dropping! Rather it just went up a bit higher than what it used to be a couple of months before.

When the 2020 Jeep Gladiator was first unveiled late last year, most auto lovers can’t help but express deep admiration for the ‘special truck’ and it became a popular choice for pick-up truck enthusiasts.

What Changed?

Earlier on, the Jeep’s online payment estimator listed the Gladiator Sport with a manual transmission at $196 for 36 months with 10% down. That means that the lease price for 2020 Gladiator Sport 4×4 goes for $276 for 36 months (10,000 miles a year) with $3,995 due at signing.

Unfortunately, about five months down the line, there has been a notable increment in the lease price of the Gladiator. Depending on the version, some versions of the 2020 Gladiator can be up to $50 per month more expensive than they were before.

According to the information made available by the company to dealers, the said increment was attributed to a 4 to 5 percent drop in residual values and a rate equivalent to 5.3 percent APR. This same Jeep Gladiator as of a couple of months ago, was way cheaper to lease than the Wrangler.

To say the less, Jeep seems to be on a mission to push its consumers to go for the pricier version of the Sport called the Sport S. the Sport S which was at $245 for 36 months with $4,259 at signing, with an effective cost of $363/month based on 10,000 miles a year, now goes for $319 for 36 months with signing at $4,939, summing up to a $456 per month effective cost.

Ultimately, the ‘special truck’ is now more costly to lease compared to the Wrangler Sport and the four-door version Wrangler Unlimited Sport, which goes for $401 and $412 per month, respectively. It is therefore clear to all that the Gladiator isn’t cheaper to lease than the similarly-optioned Wrangler anymore. However, you can get solace in the Compass Jeep and Grand Cherokee which still have a steady lease price.

Bottom Line

The question of whether the hike in lease price will slow down Gladiator buyers seems to have been given a thorough perusal. The answer, however, is that there’s a little chance that it will influence buyers’ decisions. The demand for the Jeep Gladiator is still at its peak. Albeit, the average transaction prices are steadily falling. The list price with dealers is still at over $40,000.

Related Blog

VIP Auto Lease
The Best Lease Deals in NY, NJ, & CT, Guaranteed.

* Lease prices may reflect conquest, rebates, one pay or loyalty incentives.
   Please inquire for more information. VIP Auto Group is not franchised dealer.
* Zero down leases are subject to state taxes, bank fees, title fees, first month   
  payments and registration fees.
View Deals now
VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

Aggragate Rating 4.9/5 Out Of 899 Reviews

Read & Rate Us Now By Clicking Here

© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
OFFICE HOURS
Mon - Fri / 10:00AM - 7:00PM
Saturday / 10:00AM - 4:00PM
Sunday / Closed
Address
1204 Hylan Blvd,
Staten Island, NY 10305
Phone
718-477-7888
Email
info@viplease.com
Quick links
© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
chevron-down
Quote Cart
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram