Jeep

Jeep financing options

How to use a range of financing options to get yourself into a brand new Jeep.

Jeep builds premium and rugged 4x4 SUVs for on and off-road adventures.
The Jeep line-up ranges from the compact Compass SUV right up to the multi-award winning Grand Cherokee.
Right now, there are a number of clearance deals on offer from Jeep Australia, with savings of up to $4,500.
This guide will help you understand the different purchasing options you can use to buy your new Jeep.

Car loans you can consider for financing a Jeep

Rates last updated April 22nd, 2019
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Product Description Monthly Repayment
Latitude New and Used Car Loan
From 6.99% (fixed)
8.1%
$5,000
1 to 7 years
$295
$10
You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.
IMB New Car Loan
5.89% (fixed)
6.24%
$2,000
1 to 7 years
$250
$0
You'll receive a fixed rate of 5.89% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
5.97%
$25,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 5.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
Loans.com.au - New Car Loan
5.44% (fixed)
5.99%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
Stratton Finance New Car Loan
From 5.34% (fixed)
6.6%
$7,500
1 to 7 years
$459.20 (for private seller vehicles this fee is $608)
$8.90
You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $150,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
RACV New Car Loans
From 5.99% (fixed)
6.55%
$15,000
1 to 7 years
$399
$0
You'll receive a fixed rate of 5.99% p.a.
A larger loan of $15,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees. Note: Product only available to residents of Victoria.
Credit Concierge Car Loan
From 4.99% (fixed)
6.23%
$10,000
1 to 7 years
$350
$5
You'll receive a interest rate from 4.99% p.a. with a comparison rate from 6.23% p.a.
Get access to over 20 providers to fund a new or used car.
Westpac Car Loan
From 8.49% (fixed)
9.67%
$10,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 8.49% p.a.
Finance a new or used car and benefit from convenient features for car buyers including a car search tool and the option to borrow extra for on-road costs.
St.George Secured Personal Loan - Fixed Rate
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$195
$12
You'll receive a fixed rate from 8.49% p.a. based on the value of your car
Get a competitive rate and apply for a larger loan up to $80,000 when you attach a new or used car as security to the loan.

Compare up to 4 providers

What types of finance are available for a new Jeep?

  • Dealer Finance. Jeep dealerships offer financing directly to private and business buyers. Chrysler Group Financial is Jeep’s official financing arm in Australia.
  • Dealer Consumer Loan. Chrysler Group Financial 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 car. 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 out of 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 car 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 should I consider when financing a Jeep?

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 a loan?

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 car, 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.

Picture: Shutterstock

Was this content helpful to you? No  Yes

Related Posts

Car Loan Offers

Important Information*
IMB New Car Loan

You'll receive a fixed rate of 5.89% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Latitude New and Used Car Loan

You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 5.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Loans.com.au - New Car Loan

You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site