{"menuItems":[{"label":"Jeep finance: What's available?","anchorName":"#jeep-finance-what-s-available"},{"label":"What to consider when taking out Jeep finance","anchorName":"#what-to-consider-when-taking-out-jeep-finance"},{"label":"What do I need to apply for Jeep finance?","anchorName":"#what-do-i-need-to-apply-for-jeep-finance"},{"label":"Jeep finance: Loans comparison","anchorName":"#car-loans"},{"label":"Compare car insurance side-by-side and get quotes","anchorName":"#car-insurance"}]}
This guide will help you understand the different types of Jeep finance available.
Jeep finance: What's available?
Dealer Finance. Jeep dealerships offer financing directly to private and business buyers. Chrysler Group Financial is the official Jeep finance provider in Australia.
Dealer Consumer Loan. Jeep's finance division has a selection of consumer loans with terms of 12-84 months for private buyers. Deposits are optional and the loan comes with fixed interest rates. At the end of the finance contract, you can make a balloon payment or refinance the outstanding value for up to three additional years.
Chattel Mortgage. This is a useful option for business owners and commercial buyers. Your business takes ownership of the Jeep while the lender uses the vehicle as security for the loan until you pay off the loan.
Commercial Hire Purchase. Your business can lease the vehicle from Jeep over an agreed time frame, up to a maximum of 60 months. The monthly payments are typically fixed and pre-agreed. At the end of the lease, you have the option to purchase the vehicle or return it.
Finance Lease. This is similar to a hire purchase and the lender retains ownership of the Jeep. You will often have to make a balloon payment at the end of the agreement.
Novated Lease. A novated lease is a three-way financing agreement between you, your employer and a financing company. You agree to the payment terms and your employer takes the amount from your pre-tax salary, forwarding it to the finance business who owns the vehicle.
Secured car loan. Secured car loans may limit the kind of Jeep available for purchase. Some companies will only lend on vehicles up to two years of age. Rates range from 5% to 10% p.a. These loans are subject to application and monthly fees.
Unsecured loan.Unsecured personal loans tend to have a higher interest rate, but more flexibility. You can use this loan to cover other expenses like on-road costs or additional car accessories.
What to consider when taking out Jeep finance
When making your purchasing decision, you will want to factor in the following:
Interest rate. Interest rates vary from lender to lender. The interest rate is also affected by the assets you offer as security. Compare a range of loans to make sure you get the most competitive rate.
Loan Term. How long will you be borrowing the money?
Fees. Determine what upfront costs there will be at the start of your finance agreement. Are there any ongoing costs, such as monthly charges added to the loan?
Deposit. You can reduce the monthly payments by making an initial deposit.
Repayment Flexibility. How flexible is the repayment schedule? Some lenders offer weekly, bi-monthly or monthly payment scheduling.
Balloon payments. Balloon payments are significant sums to pay off, typically $5,000 or more. Do not forget to factor these into your decision and prepare to pay them off on time.
What do I need to apply for Jeep finance?
Lenders set their own eligibility criteria and have different documentation requirements for loan applications. Here are some general guidelines commonly set by finance companies:
You’ll need to be at least 18 years of age.
You must have a good credit score.
Borrowers must meet minimum monthly income requirements.
You’ll have to be eligible to work and live in Australia throughout the loan agreement.
Most lenders require proof of ID, such as a passport or current driver’s licence.
You will also need to provide financial information, including proof of income, previous bank statements and utility bills.
Purchasing a new or used Jeep, while exciting, is also a serious undertaking. Take your time, do your research and you’ll be driving your dream Jeep out into the bush before you know it.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Ben Gribbin is an automotive writer at Finder. He is a life-long car enthusiast, bringing many years of experience working with and writing about cars. During his time, Ben has been a freelance writer, editor and reviewer for a number of leading publications across the UK. He was voted the Guild of Motoring Writers Breakthrough Blogger in 2015.
Find out more about how you can be a driver with DiDi, even if you don't own your own car. Rent a car and start making money using the ridesharing platform.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan and read any disclosure documents (such as any Target Market Determination (TMD) and/or Product Disclosure Statement (PDS)) issued by the provider before making a decision.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
