Thinking about buying a new Jeep Compass? The Jeep Compass price can vary quite a bit depending on the model year, trim level, and any optional features you choose. Generally, you can expect the New Jeep Compass cost to start around the mid-$20,000s and go up from there for higher trims and more equipped versions. This guide will help you navigate the various factors that influence the final Jeep Compass purchase price and the overall Jeep Compass cost to buy.
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Deciphering the Jeep Compass MSRP
The Manufacturer’s Suggested Retail Price, or Jeep Compass MSRP, is your starting point for figuring out how much a new Jeep Compass will cost. This is the price Jeep suggests its dealers sell the vehicle for. However, keep in mind that actual transaction prices can differ due to dealer markups, incentives, and negotiation.
2024 Jeep Compass Price & Features
For the 2024 Jeep Compass price, Jeep has made some exciting updates. The compact SUV continues to offer a blend of capability, comfort, and style. The base trim typically sets the entry point for pricing.
Key Aspects of the 2024 Jeep Compass:
- Engine: Most models come with a 2.0-liter turbocharged four-cylinder engine.
- Drivetrain: Standard front-wheel drive on lower trims, with four-wheel drive available or standard on higher trims.
- Infotainment: Uconnect system with Apple CarPlay and Android Auto.
- Safety: A suite of available advanced driver-assistance systems.
Let’s break down the estimated starting MSRPs for the 2024 Jeep Compass price range. These are base prices and do not include destination fees, taxes, or optional extras.
| 2024 Jeep Compass Trim Level | Estimated Starting MSRP |
|---|---|
| Sport | ~$25,000 – $27,000 |
| Latitude | ~$27,000 – $29,000 |
| Altitude | ~$28,000 – $30,000 |
| Limited | ~$30,000 – $32,000 |
| Trailhawk | ~$32,000 – $34,000 |
Note: These are estimates and can vary by region and specific dealership. Always check with your local dealer for the most accurate pricing.
2023 Jeep Compass Price & What Changed
The 2023 Jeep Compass price was similar to the 2024 model, often with slight variations. The 2023 model year saw a significant refresh, including a new engine option and updated interior and exterior styling, making it a competitive choice in its segment.
Highlights of the 2023 Jeep Compass:
- Engine Upgrade: The 2023 model introduced a new 2.0-liter turbocharged engine as standard, replacing the previous 2.4-liter naturally aspirated engine. This brought more power and better efficiency.
- Interior Refresh: The cabin received a noticeable upgrade with a new dashboard design, improved materials, and larger screens.
- Standard Safety Features: More advanced safety features became standard across the board.
Similar to the 2024 model, the 2023 Jeep Compass price varied by trim. Here’s a general idea:
| 2023 Jeep Compass Trim Level | Estimated Starting MSRP |
|---|---|
| Sport | ~$24,000 – $26,000 |
| Latitude | ~$26,000 – $28,000 |
| Altitude | ~$27,000 – $29,000 |
| Limited | ~$29,000 – $31,000 |
| Trailhawk | ~$31,000 – $33,000 |
Again, these are approximate starting prices.
Fathoming Jeep Compass Trim Levels Pricing
The Jeep Compass trim levels pricing is a critical factor in determining the overall cost. Each trim level builds upon the previous one, adding more features, technology, and often, more robust capability.
Jeep Compass Sport
- Starting Point: The Sport is the entry-level trim, offering a solid foundation for those seeking a capable compact SUV without breaking the bank.
- Typical Features: This trim usually includes essential features like a 8.4-inch Uconnect touchscreen, Apple CarPlay, Android Auto, a rearview camera, and basic safety features.
- Estimated Price: As seen in the 2023 and 2024 models, the Sport trim typically starts in the mid-$20,000s.
Jeep Compass Latitude
- Stepping Up: The Latitude trim adds a touch more comfort and convenience.
- Added Features: You’ll often find upgrades like alloy wheels, premium cloth and vinyl seats, keyless entry and ignition, and more sophisticated exterior accents.
- Estimated Price: Expect the Latitude to add a couple of thousand dollars to the Sport’s starting price.
Jeep Compass Altitude
- Style Focus: The Altitude trim is designed to enhance the Compass’s visual appeal.
- Unique Touches: This trim usually includes gloss-black exterior accents, larger wheels (often 18-inch), and sometimes unique interior upholstery or trim pieces.
- Estimated Price: The Altitude typically falls between the Latitude and Limited trims in terms of price.
Jeep Compass Limited
- Premium Comfort: The Limited trim positions the Compass as a more upscale offering.
- Luxury Additions: Features commonly found here include leather-trimmed seats, heated front seats, an upgraded sound system, advanced safety features like blind-spot monitoring and rear cross-traffic alert, and sometimes a power-adjustable driver’s seat.
- Estimated Price: This is where the New Jeep Compass cost begins to climb into the high-$20,000s to low-$30,000s.
Jeep Compass Trailhawk
- Off-Road Prowess: The Trailhawk is the dedicated off-road variant.
- Trail-Ready Equipment: It comes standard with Jeep’s Active Drive Low 4×4 system, providing enhanced traction and capability with a 20:1 crawl ratio. It also features unique red tow hooks, all-terrain tires, skid plates, and specialized suspension tuning.
- Estimated Price: As the most capable trim, the Trailhawk commands a higher price, often starting in the low to mid-$30,000s.
Exploring Optional Packages and Features
Beyond the trim levels, the Jeep Compass purchase price can significantly increase with optional packages and standalone features. These can enhance technology, safety, comfort, and performance.
Common Optional Packages to Consider:
- Advanced Safety & Security Group: Often includes features like adaptive cruise control, lane departure warning, automatic high beams, and parking assist.
- Sun and Sound Group: Typically adds a dual-pane panoramic sunroof and an upgraded audio system (like Alpine or Bose).
- Technology Group: Might include a larger infotainment screen, navigation, or premium audio components.
- Cold Weather Group: Essential for colder climates, this usually includes heated front seats, heated steering wheel, and remote start.
- Trailer Tow Group: For those who need to tow, this package provides a tow hitch, wiring harness, and transmission oil cooler.
Standalone Options:
- Premium Paint Colors: Some unique or metallic paint finishes can add a few hundred dollars.
- Larger Wheels: Upgrading from standard wheels to larger alloys can affect the price.
- Premium Audio Systems: If not included in a package, these can be purchased separately.
- All-Season Floor Mats: Practical for protecting the interior.
When building your ideal Jeep Compass online or discussing with a dealer, be sure to factor in the cost of these options.
Jeep Compass Lease Deals
Leasing can be an attractive alternative to buying for many consumers, especially if you prefer to drive a new vehicle every few years and want lower monthly payments. Jeep Compass lease deals are frequently available, offering competitive terms.
How Leasing Works:
- Monthly Payments: You pay for the depreciation of the vehicle during the lease term, plus interest and fees. This usually results in lower monthly payments compared to financing a purchase.
- Lease Term: Typically 24, 36, or 48 months.
- Mileage Limits: Leases come with annual mileage restrictions. Exceeding these limits will result in penalties.
- Down Payment: While not always required, a down payment can lower your monthly payments.
- End of Lease: You can choose to return the vehicle, purchase it for a predetermined residual value, or lease a new one.
Finding Jeep Compass Lease Deals:
- Manufacturer Incentives: Jeep often offers special lease incentives on specific models and trims, especially during promotional periods.
- Dealership Promotions: Local dealerships may have their own lease specials.
- Online Leasing Calculators: Many websites allow you to estimate lease payments based on various factors.
When comparing lease deals, pay attention to the:
- Monthly Payment
- Lease Term
- Mileage Allowance
- Money Factor (interest rate)
- Residual Value
- Acquisition Fee and Disposition Fee
Jeep Compass Financing Options
For those who plan to own their Jeep Compass long-term, financing is the way to go. Jeep Compass financing options can range from traditional bank loans to dealership-offered financing through Chrysler Capital (Jeep’s captive lender).
Key Factors in Financing:
- Credit Score: Your creditworthiness is the most significant factor. A higher credit score generally means better interest rates.
- Loan Term: The length of the loan (e.g., 48, 60, 72 months). Longer terms mean lower monthly payments but more interest paid over the life of the loan.
- Down Payment: A larger down payment reduces the amount you need to finance, lowering your monthly payments and the total interest paid.
- Interest Rate (APR): Annual Percentage Rate is the cost of borrowing money.
Tips for Securing Favorable Financing:
- Get Pre-Approved: Before visiting the dealership, get pre-approved for a loan from your bank or credit union. This gives you a benchmark interest rate to compare against dealership offers.
- Shop Around: Compare offers from multiple lenders.
- Negotiate the APR: Don’t be afraid to negotiate the interest rate with the dealer.
- Consider Shorter Loan Terms: If your budget allows, a shorter loan term will save you money on interest in the long run.
Additional Costs of Owning a Jeep Compass
The New Jeep Compass cost doesn’t end with the purchase price. There are ongoing costs associated with owning any vehicle, including the Jeep Compass.
Insurance
Car insurance is mandatory for all drivers. The Jeep Compass cost to buy will include premiums for:
- Liability Insurance: Covers damages you cause to others.
- Collision Insurance: Covers damage to your vehicle from an accident.
- Comprehensive Insurance: Covers damage from events other than collisions (theft, fire, weather, etc.).
- Uninsured/Underinsured Motorist Coverage: Protects you if you’re hit by a driver with no or insufficient insurance.
Insurance rates depend on your age, driving record, location, the Compass’s trim level, and the coverage you choose. Get quotes from multiple insurance providers to find the best rate.
Registration and Taxes
- Sales Tax: You’ll pay sales tax on the purchase price of the vehicle, based on your state’s tax rate.
- Registration Fees: Annual fees to register your vehicle with your state’s Department of Motor Vehicles (DMV).
- Annual Property Tax (in some states): Some states assess an annual property tax on vehicles.
Maintenance and Repairs
Regular maintenance is crucial for keeping your Jeep Compass running smoothly and can prevent more costly repairs down the line.
Typical Maintenance Schedule:
- Oil Changes: Every 5,000-7,500 miles, or as recommended by Jeep.
- Tire Rotations: Usually every 5,000-7,500 miles.
- Brake Inspections: Regularly, as part of other service appointments.
- Fluid Checks: Coolant, brake fluid, power steering fluid, windshield washer fluid.
- Cabin Air Filter Replacement: Typically every 15,000-30,000 miles.
- Engine Air Filter Replacement: Usually every 20,000-30,000 miles.
Warranty Coverage:
Jeep typically offers a comprehensive warranty that covers your new Compass:
- Basic Limited Warranty: Often 3 years/36,000 miles, covering most components.
- Powertrain Limited Warranty: Often 5 years/60,000 miles, covering the engine, transmission, and drivetrain components.
Beyond the warranty, repair costs can vary significantly. Common repairs might include brake replacements, battery replacement, or exhaust system work.
Fuel Costs
The Jeep Compass cost to buy will also involve ongoing fuel expenses. The fuel economy of the Jeep Compass, particularly with the 2.0-liter turbo engine, is generally competitive for its class, but it will depend on your driving habits and fuel prices.
- MPG Estimates: Check official EPA estimates for the specific model year and configuration you are interested in. For example, a 2024 Jeep Compass with the 2.0L turbo engine might achieve around 24 MPG city / 32 MPG highway (FWD).
Frequently Asked Questions (FAQ)
Q1: What is the starting Jeep Compass price for a new model?
A1: The Jeep Compass price for a new model typically starts in the mid-$20,000s for the base Sport trim. Prices increase significantly for higher trim levels and optional features.
Q2: Can I get a Jeep Compass with four-wheel drive?
A2: Yes, four-wheel drive is available on most Jeep Compass trims, and it is standard on the Trailhawk model and often on higher trims like the Limited.
Q3: How much does a fully loaded Jeep Compass cost?
A3: A fully loaded Jeep Compass, usually a top-tier trim like the Trailhawk or Limited with all available packages and options, can easily reach the high-$30,000s or even low-$40,000s depending on the model year and specific configurations.
Q4: Are Jeep Compass lease deals available?
A4: Yes, Jeep Compass lease deals are frequently offered by Jeep and its dealerships. These can provide lower monthly payments compared to financing.
Q5: What are the main differences between the 2023 and 2024 Jeep Compass price ranges?
A5: The 2023 Jeep Compass price and the 2024 Jeep Compass price are generally quite similar. Minor adjustments may occur due to updates, new features, or market conditions, but both model years offer a comparable entry point and range across their respective trim levels.
Q6: What is the Jeep Compass cost to buy outright?
A6: The Jeep Compass cost to buy outright is essentially the final purchase price negotiated with the dealer, which includes the MSRP, destination fees, taxes, title, and license, minus any applicable incentives or discounts.
By thoroughly researching the Jeep Compass price, trim levels, available features, and considering all associated costs, you can make an informed decision on your next vehicle purchase.