Lease A More-Expensive Jeep Gladiator For Less Than A Wrangler

Though, there might be some bait-and-switch happening here.

In April, Jeep promoted an insanely affordable $143 per month lease deal on the then-new Gladiator pickup. It sounded too good to be true… because it sort of was. While you likely won’t be able to pick up the truck for as little as $143 a month, the Gladiator is still the cheaper lease deal of the two between it and Jeep’s more-traditional off-roader, the Wrangler.

According to CarsDirect, Jeep Gladiator lease deals are typically $75 per month cheaper than similar lease options on the Wrangler. The publication cites one example in California, where the company asks $245 per month for 36 months, with $4,259 due at signing and a 10,000-mile per year allotment, on a 2020 Gladiator Sport. That’s based on an MSRP of $37,040.

Compare that to the cost of a four-door Wrangler Unlimited Sport with an MSRP of $36,235. Jeep wants $269 per month for 36 months with $4,389 due at signing for what equates to the same vehicle sans bed. The pricing increase is more lopsided for the two-door model; a $31,540 Wrangler Sport costs $327 for 36 months with $3,999 at signing, or $75 more than the Gladiator with the same terms.

When comparing the two vehicles based solely on MSRP, the Gladiator is the more expensive of the two. The pickup starts at $33,545, while the base Wrangler asks $28,295. Residual value is what makes lease deals on the Gladiator so cheap. CarsDirect says the pickup has as much as an 18% advantage in 36-month residual value when looking at base trims.

Gallery: 2019 Jeep Gladiator (Euro-spec)

Jeep Gladiator al Camp Jeep 2019
Jeep Gladiator al Camp Jeep 2019
Jeep Gladiator al Camp Jeep 2019
Jeep Gladiator al Camp Jeep 2019
Jeep Gladiator al Camp Jeep 2019
Jeep Gladiator al Camp Jeep 2019
Jeep Gladiator al Camp Jeep 2019
Jeep Gladiator al Camp Jeep 2019

But the Gladiator suffers from an issue that the Wrangler doesn’t: markup. When it first went on sale, some dealers applied as much as $20,000 onto the Gladiator’s final asking price. And in one of its first months, a study found buyers paid an average of over $56,000 for the truck. Assuming you’re able to find a Gladiator with the advertised lease deal above, jump on it.

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