With the current global health crisis and the uncertainties experienced across economies and industries, the automotive industry has not been spared. Today, very few people are looking into spending the limited amount of money they have, which has greatly affected Car dealerships and the automobile industry. Car buyers have resorted to purchasing pre-owned cars rather than brand-new models. However, the industry has also put effort into adapting to the changing consumer environment. How are they doing this?
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They are adjusting the prices and incentives to improve the affordability of their car models. This means BIG SAVINGS for Jeep Grand Cherokee lovers who act fast before the limited time elapses.
So why should you make your purchase now?
Since the start of March 2020, car sales have drastically gone down, and Jeep Cherokees have not been spared despite their great designs and performance indexes. In fact, in the first quarter (Q1) of 2020, Grand Cherokee sales were down by about 32 percent. With more buyers shying away from buying these cars. This led to the increase of supply in the market.
To overcome this and also encourage more sales, Jeep Cherokee dealerships have gone down on the prices, and you can get a good offer for any Jeep Cherokee model you desire. There are numerous leases, financing, and month’s cashback offers that you can enjoy. Go online and find out what the Jeep Cherokee dealership near you is offering.
While the standard price of a Grand Cherokee starts at $32,000, there are many deals and options currently available in the market that you can take advantage of. [3] Expect mostly high-trim models from the dealer you visit. The line-topping Trackhawk and SRT8 are usually produced in limited numbers and ruled out from offers, but you can get one today. [2]
So, what are the available deals for you?
Jeep has announced great national incentives, including discounts on purchases, leases to qualifying buyers, worry-free maintenance, and much more through the Jeep Wave® program once you buy select 2020 and 2021 models. Depending on where you are located, you can get a cash allowance of up to $4500 when buying a 2020 Jeep Cherokee today. Since the beginning of the year, you can now sublet a 2021 Grand Cherokee Laredo E 4×2 starting at $199 for 24 months with a signing fee of just $3895. For this class of car, the monthly cost goes at about $361. This is the best Grand Cherokee model so far.[4]
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For other models like the Laredo X and Laredo E, all buyers can get them at a $4,750 rebate, with the remaining rebate trims at $2,750. Excitingly, buyers who fund via Jeep at non-promotional rates are entitled to a $1,000 finance bonus. This brings up your potential financial savings on the Grand Cherokee to the huge $5,750. However, the Trackhawk and SRT are, as usual, excluded from these offers. Jeep continues to give 0% financing of Grand Cherokee for 72 months in place of the cash rebates. There is another option of 0% financing for 36 months, which comes with a bonus of $3500 on the Laredo trims and a $1500 bonus on other models. Currently, you can get an offer on a Trackhawk starting at 3.33% for 60 months.
Where the best deals?
Jeep normally offers features such as an array of cashback, lease, and finance offers in most of its dealerships. Nonetheless, the best deals favor loan offers and purchases via Chrysler Financial and ally Financial. Both financial institutions are offering customers impacted by the pandemic a range of payment relief solutions, as well as individualized services.
The Grand Cherokee and the Cherokee are the largest discounted Jeep SUVs with a mix of financing incentives and rebates. Most of the time, you will have to weigh between cashback offers and 0% APR; therefore, choose options wisely. Jeep’s best discounts are mostly for well-equipped trims. In certain cases, you might find costly trims are cheaper to lease as compared with a lower MSRP. [1]
Remember, FCA launched the Drive Forward initiative, and through this, qualifying Jeep buyers can get great offers on select FCA models through the Online Retail Experience (ORE). You can get 0% financing for 84 months and begin paying 90 days after making your purchase. This is in an effort to help customers affected by the current health crisis. With ORE, customers can search and make purchases without leaving the comfort of their couch. ORE has also made it possible for you to apply for credit, receive price estimates or even conduct a vehicle trade-in. [5]
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What is a standalone offer?
This is a very common Jeep offer that involves zero percent financing for 84 months. Nevertheless, as the name suggests, the offer does not include any other incentives. For that reason, you might end up giving up huge rebates. It’s always important to compare and weigh your options well before making a decision.
Stay informed
Like any other industry, deals and pricing are constantly changing for many car dealers. Getting informed about the current automobile market and the economic climate and how that can benefit your pocket is a worthwhile venture. Conduct some online research and find out what incentives you can grab. Remember, with everyone trying to stay safe and reduce contact, most businesses are online, and so might be your Jeep Cherokee dealership next door.
1] https://cars.usnews.com/cars-trucks/jeep/grand-cherokee/prices
[2] https://www.carsdirect.com/jeep/grand-cherokee/prices-deals
[3] https://www.worldcdjr.com/specials_grand_cherokee.htm
[4] https://www.walser.com/best-2020-jeep-grand-cherokee-lease-finance-deals/
[5] https://www.prnewswire.com/news-releases/fca-announces-drive-forward-initiative-offering-incentives-and-support-to-consumers-301033345.html
