It's a low-mileage two-year lease with $3,500 down.
The Jeep Gladiator is poised to become a major success for Fiat Chrysler Automobiles, despite its higher starting price compared to other midsize pickup trucks. Order banks for the special $60,815 Launch Edition model were only open for a single day, but that was enough for all 4,190 units to sell out. Just when it seemed like the cool new truck might be priced too high for many folks, Cars Direct comes in with some surprising news. A Gladiator lease could be cheap – really cheap.
The report points out that a base model Jeep Gladiator Sport can be leased for just $143 a month on a two-year lease. That information is pulled right from Jeep’s online configurator, and as of this article posting on April 24, that is indeed the monthly payment which shows up. Obviously there is fine print – for starters, when you click on the information button near the price, you get a screen explaining this is only for estimation purposes. Demand could certainly cause the figure to go up, and we suspect there will be significant demand for the first few months at least.
Looking at the payment summary, we also see that the low-dollar lease requires a down payment of $3,504, and the term is for 24 months. Cars Direct further explains that the lease only allows for 10,000 miles a year, which admittedly is tough for most people to stay under. Taxes aren’t included in that figure either, but still, this seems like an insanely good deal. Chalk it up to extremely good residual values for the Gladiator that, as of now, are hovering around 90 percent. In other words, at the end of the two-year lease, Jeep estimates the Gladiator will still be worth a heck of a lot of money compared to other two-year-old vehicles.
Gallery: 2020 Jeep Gladiator: First Drive
This piqued our interest, so we worked with the Gladiator configurator a bit more to see about building something slightly better equipped, with a lease term more suited to daily-driver duties. Sticking with the Sport, we added the eight-speed automatic versus the manual and went with the all-terrain tires instead of street rubber. We also added the trailer tow package and a spray-on bedliner, and on the financial side, we upped mileage to 12,000 miles per year while dropping the down payment to $2,500. The result? $230 per month, which will probably get close to $250 once taxes are figured in.
That’s not $143, but the result is a more realistic Gladiator lease including some common options and a lease term that’s easier to live with. For folks who are okay leasing a vehicle, this could be a very inexpensive ticket to enjoying one of the coolest new pickup trucks to come around in a long time.