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Best Jeep Deals: August 2011 Lease and Purchase

Last Updated: Mar 16, 2012

Jeep’s August incentives are almost identical to the deals the automaker offered in July, and it’s unlikely that they’ll improve in coming months if Chrysler, Jeep’s parent company, continues to report sales increases. This month, Jeep has competitive financing deals, but if you want to lease a vehicle, Honda’s August deals are hard to beat.

One of Jeep’s best financing deals in August is on the Liberty. You can buy this affordable compact SUV at zero-percent for 60 months or receive $3,000 cash allowance in most areas of the country. Taking the cash allowance and getting 4.5 percent financing from your bank is the best deal though. With the cash allowance, your monthly payments will be $378 through your bank. That’s $10 less than what you’ll pay each month with dealer financing.

If you’ve always admired the Wrangler’s brawny looks, Jeep is offering a good lease deal on it in August. You can lease the Wrangler for $299 a month for 39 months with no money due at signing. You’ll pay about $11,661 for the 39-month lease.

Compared to the Wrangler, you’ll spend $15,720 leasing the Grand Cherokee in August for $339 a month for 39 months with $2,499 due at signing. For a better lease deal on a midsize SUV, check out the Honda Pilot, which requires no down payment and no first month’s payment. The Pilot’s lease payments are $340 a month for 35 months thereafter. Over the three-year lease, you’ll pay $11,900. You’ll save a total of $3,820 by choosing the Pilot over the Grand Cherokee.

If you want a Grand Cherokee, Liberty or a different model, review our Jeep page. It has important information such as the average price paid in your area, fuel economy data and safety scores that will help you make an informed purchase. As you prepare to buy a car, remember to cross-shop car deals just as you would vehicles. Our main car deals page features the best incentives on the market. Use this information to find a better deal on a rival vehicle, or negotiate a cheaper price on a new Jeep.

We work to keep these deals up-to-date and accurate, but the best source of current discounts and incentives on a new Jeep is your local Jeep dealer. Use the forms below to contact a Jeep dealer near you.

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Best Car Deals This Month:

All prices exclude taxes, licensing, tags and other dealer fees.

2011 Jeep Grand Cherokee

  • MSRP: $30,215 - $42,295
  • Invoice: $28,711 - $39,774

Purchase Deal:

Deal: 1.9% APR financing for 60 months OR $1,000 cash allowance

Notes: Deal available in Northeast, Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11

Lease Deal:

Deal: $339 a month for 39 months with $2,499 due at signing

Notes: Applies to Grand Cherokee Laredo 4x4. Deal available in Northeast, Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11

2011 Jeep Patriot

  • MSRP: $15,995 - $23,895
  • Invoice: $15,850 - $23,276

Purchase Deal:

Deal: 0% APR financing for 36 months OR $1,000 cash allowance

Notes: Deal available in Northeast, Southeast and Southwest.

Deal: 0% APR financing for 36 months plus $500 cash allowance OR $1,500 cash allowance

Notes: Deal available in West and Northwest.

Deal Expires: 09/06/11

Lease Deal:

Deal: $229 a month for 39 months with $2,499 due at signing

Notes: Applies to Patriot Sport 4x2. Deal Available in Northeast, Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11

2011 Jeep Compass

  • MSRP: $19,295 - $25,995
  • Invoice: $18,962 - $25,000

Lease Deal:

Deal: $239 a month for 39 months with $2,499 due at signing

Notes: Applies to Compass Sport 4x2. Deal available in Northeast, Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11

Purchase Deal:

Deal: 0% APR financing for 36 months plus $500 cash allowance OR $1,500 cash allowance

Notes: Deal available in Northeast, Northwest and West.

Deal: 0% APR financing for 36 months OR $1,000 cash allowance

Notes: Deal available in Southeast and Southwest.

Deal Expires: 09/06/11

2011 Jeep Wrangler

  • MSRP: $22,045 - $33,320
  • Invoice: $21,431 - $31,341

Lease Deal:

Deal: $299 a month for 39 months with $0 due at signing

Notes: Applies to Wrangler Sport. Deal available in Northeast, Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11

Purchase Deal:

Deal: 0% APR financing for 60 months OR $1,000 cash allowance

Notes: Deal available in Northeast, Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11

2011 Jeep Liberty

  • MSRP: $23,250 - $28,250
  • Invoice: $22,598 - $27,278

Purchase Deal:

Deal: 0% APR financing for 60 months plus $1,000 cash allowance OR $4,000 cash allowance

Notes: Deal available in Northeast.

Deal: 0% APR financing for 60 months OR $3,000 cash allowance

Notes: Deal available in Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11

Lease Deal:

Deal: $279 a month for 39 months with $2,499 due at signing

Notes: Applies to Jeep Liberty Sport 4x4. Deal available in Northeast, Southeast, Northwest, West and Southwest.

Deal Expires: 09/06/11