Is the Jeep Cherokee lease a good deal?

Advertised at $416/mo, the Jeep Cherokee truly costs about $513/mo once the $4,499 due at signing is spread across the 42-month term. We grade it C+.

What is the real monthly cost of the Jeep Cherokee lease?

About $513 per month, versus the $416 advertised payment.

Jeep Cherokee Lease Deals: $416/mo, True Cost $513/mo (November 2026)

Name: Jeep Cherokee lease
Brand: Jeep
Price: 416 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$416/mo

Due at signing$4,499

Term42 months

True cost$513/mo

GradeC+

Offer endsNovember 30, 2026

vs rivals: Hyundai Palisade $489/mo · Mazda CX-90 $540/mo · Nissan Pathfinder $497/mo

All 33 midsize and large SUVs with a lease, ranked →

C+

Deal grade

Advertised

$416/mo

True cost

$513/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.28%. How we grade

How $416 becomes $513

The ad says $416 a month, and it also asks for $4,499 at signing.
$416 of that is your first payment. The other $4,083 is extra money that you pay up front.
Spread across the 42 months of the lease, $4,083 is $97 a month.

$416advertised payment

$97up-front money, each month

$513true cost a month

$4,499

Due at signing

42 mo

Term

$21,555

Total cost

1.28%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $39,995	$416	$4,499	42 mo	$513	C+
2026 Limited 4X4 MSRP $41,995	$446	$4,499	42 mo	$543	C+
2026 Overland 4X4 MSRP $44,995	$466	$4,499	42 mo	$562	C+
2026 4X4 MSRP $36,995	$528	$4,499	42 mo	$623	F

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $4,499
41 more payments of $416: $17,056
Total for 42 months: $21,555
True cost each month: $513
Cost for each mile, with 35,000 miles allowed: $0.62

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$399/mo

True cost

$482/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.21%. How we grade

How $399 becomes $482

The ad says $399 a month, and it also asks for $3,879 at signing.
$399 of that is your first payment. The other $3,480 is extra money that you pay up front.
Spread across the 42 months of the lease, $3,480 is $83 a month.

$399advertised payment

$83up-front money, each month

$482true cost a month

$3,879

Due at signing

42 mo

Term

$20,238

Total cost

1.21%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $39,995	$399	$3,879	42 mo	$482	B
2026 Limited 4X4 MSRP $44,600	$459	$3,969	42 mo	$543	B

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $3,879
41 more payments of $399: $16,359
Total for 42 months: $20,238
True cost each month: $482
Cost for each mile, with 26,250 miles allowed: $0.77

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$399/mo

True cost

$511/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.28%. How we grade

How $399 becomes $511

The ad says $399 a month, and it also asks for $5,100 at signing.
$399 of that is your first payment. The other $4,701 is extra money that you pay up front.
Spread across the 42 months of the lease, $4,701 is $112 a month.

$399advertised payment

$112up-front money, each month

$511true cost a month

$5,100

Due at signing

42 mo

Term

$21,459

Total cost

1.28%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $39,995	$399	$5,100	42 mo	$511	C+

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $5,100
41 more payments of $399: $16,359
Total for 42 months: $21,459
True cost each month: $511
Cost for each mile, with 35,000 miles allowed: $0.61

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$416/mo

True cost

$513/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.28%. How we grade

How $416 becomes $513

The ad says $416 a month, and it also asks for $4,499 at signing.
$416 of that is your first payment. The other $4,083 is extra money that you pay up front.
Spread across the 42 months of the lease, $4,083 is $97 a month.

$416advertised payment

$97up-front money, each month

$513true cost a month

$4,499

Due at signing

42 mo

Term

$21,555

Total cost

1.28%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $39,995	$416	$4,499	42 mo	$513	C+
2026 Limited 4X4 MSRP $41,995	$446	$4,499	42 mo	$543	C+

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $4,499
41 more payments of $416: $17,056
Total for 42 months: $21,555
True cost each month: $513
Cost for each mile, with 35,000 miles allowed: $0.62

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$416/mo

True cost

$513/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.28%. How we grade

How $416 becomes $513

The ad says $416 a month, and it also asks for $4,499 at signing.
$416 of that is your first payment. The other $4,083 is extra money that you pay up front.
Spread across the 42 months of the lease, $4,083 is $97 a month.

$416advertised payment

$97up-front money, each month

$513true cost a month

$4,499

Due at signing

42 mo

Term

$21,555

Total cost

1.28%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $39,995	$416	$4,499	42 mo	$513	C+
2026 Limited 4X4 MSRP $41,995	$446	$4,499	42 mo	$543	C+
2026 4X4 MSRP $36,995	$528	$4,499	42 mo	$623	F

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $4,499
41 more payments of $416: $17,056
Total for 42 months: $21,555
True cost each month: $513
Cost for each mile, with 35,000 miles allowed: $0.62

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$419/mo

True cost

$498/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.23%. How we grade

How $419 becomes $498

The ad says $419 a month, and it also asks for $3,716 at signing.
$419 of that is your first payment. The other $3,297 is extra money that you pay up front.
Spread across the 42 months of the lease, $3,297 is $79 a month.

$419advertised payment

$79up-front money, each month

$498true cost a month

$3,716

Due at signing

42 mo

Term

$20,895

Total cost

1.23%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $40,490	$419	$3,716	42 mo	$498	C+
2026 Limited 4X4 MSRP $42,815	$449	$3,765	42 mo	$528	C+
2026 Overland 4X4 MSRP $45,815	$469	$3,873	42 mo	$550	B

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $3,716
41 more payments of $419: $17,179
Total for 42 months: $20,895
True cost each month: $498
Cost for each mile, with 35,000 miles allowed: $0.60

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$389/mo

True cost

$487/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.22%. How we grade

How $389 becomes $487

The ad says $389 a month, and it also asks for $4,499 at signing.
$389 of that is your first payment. The other $4,110 is extra money that you pay up front.
Spread across the 42 months of the lease, $4,110 is $98 a month.

$389advertised payment

$98up-front money, each month

$487true cost a month

$4,499

Due at signing

42 mo

Term

$20,448

Total cost

1.22%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $39,995	$389	$4,499	42 mo	$487	B

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $4,499
41 more payments of $389: $15,949
Total for 42 months: $20,448
True cost each month: $487
Cost for each mile, with 35,000 miles allowed: $0.58

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$409/mo

True cost

$494/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.23%. How we grade

How $409 becomes $494

The ad says $409 a month, and it also asks for $3,999 at signing.
$409 of that is your first payment. The other $3,590 is extra money that you pay up front.
Spread across the 42 months of the lease, $3,590 is $85 a month.

$409advertised payment

$85up-front money, each month

$494true cost a month

$3,999

Due at signing

42 mo

Term

$20,768

Total cost

1.23%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $40,220	$409	$3,999	42 mo	$494	C+
2026 Limited 4X4 MSRP $42,590	$449	$3,999	42 mo	$534	C+

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $3,999
41 more payments of $409: $16,769
Total for 42 months: $20,768
True cost each month: $494
Cost for each mile, with 35,000 miles allowed: $0.59

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$419/mo

True cost

$498/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.23%. How we grade

How $419 becomes $498

The ad says $419 a month, and it also asks for $3,716 at signing.
$419 of that is your first payment. The other $3,297 is extra money that you pay up front.
Spread across the 42 months of the lease, $3,297 is $79 a month.

$419advertised payment

$79up-front money, each month

$498true cost a month

$3,716

Due at signing

42 mo

Term

$20,895

Total cost

1.23%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $40,490	$419	$3,716	42 mo	$498	C+

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $3,716
41 more payments of $419: $17,179
Total for 42 months: $20,895
True cost each month: $498
Cost for each mile, with 35,000 miles allowed: $0.60

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$439/mo

True cost

$523/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.29%. How we grade

How $439 becomes $523

The ad says $439 a month, and it also asks for $3,959 at signing.
$439 of that is your first payment. The other $3,520 is extra money that you pay up front.
Spread across the 42 months of the lease, $3,520 is $84 a month.

$439advertised payment

$84up-front money, each month

$523true cost a month

$3,959

Due at signing

42 mo

Term

$21,958

Total cost

1.29%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Laredo 4X4 MSRP $40,490	$439	$3,959	42 mo	$523	C+

The math for the 2026 Laredo 4X4

Due at signing, with payment 1 in it: $3,959
41 more payments of $439: $17,999
Total for 42 months: $21,958
True cost each month: $523
Cost for each mile, with 35,000 miles allowed: $0.63

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

How the Jeep Cherokee lease changed

Since October 12, 2026, the true cost went up by $83 a month, from $430 to $513.

October 12, 2026: $349/mo, $3,759 due, 42 mo: $430
October 17, 2026: $349/mo, $3,759 due, 42 mo: $430
October 31, 2026: $349/mo, $3,759 due, 42 mo: $430
November 5, 2026: $416/mo, $4,499 due, 42 mo: $513
November 11, 2026: $416/mo, $4,499 due, 42 mo: $513

Each line is the best offer where most regions share it, on the day that we collected the offers.

How it ranks among midsize and large SUVs

The Jeep Cherokee has the 9th lowest true cost of 33 midsize and large SUVs with an advertised lease this month. The lowest is the Subaru Outback at $410 a month.

The middle true cost in the class is $566 a month, and the Jeep Cherokee costs $52 less. Each month it costs 1.28% of its MSRP, and the middle of the class is 1.26%.

The best Cherokee lease in each regionDallas and 4 more regions$416/mo, $4,499 due$513C+
New York and 3 more regions$399/mo, $3,879 due$482B
Chicago and 2 more regions$399/mo, $5,100 due$511C+
Washington and 2 more regions$416/mo, $4,499 due$513C+
Miami and 1 more region$416/mo, $4,499 due$513C+
Detroit$419/mo, $3,716 due$498C+
Minneapolis$389/mo, $4,499 due$487B
Orlando$409/mo, $3,999 due$494C+
Columbus$419/mo, $3,716 due$498C+
Nashville$439/mo, $3,959 due$523C+
Los Angeles and 7 more regionsNo advertised lease