2025 Jeep Grand Cherokee

Representative example

Price

ISK 10,490,000

Down payment

ISK 2,098,000

Loan

ISK 8,392,000 (80% of the price)

Term

7 years

Interest rate

11.65% variable

Monthly payment

ISK 146,971 including the payment fee

Arrangement fee

3.20% (ISK 268,544)

Credit assessment

ISK 7,000

Payment fee

ISK 395 with every payment

Total amount payable

ISK 12,621,108

Total cost of credit

ISK 4,229,108

Annual percentage rate (APR)

13.6%

• Lenders require third-party and comprehensive insurance; its premium is not in the APR.
• The state registration fee, ISK 1,500, is not included.
• Rate and fees from a lender's price list valid from Aug 20, 2026; other lenders' terms may differ.
• We do not lend money or arrange loans; the lender sets the terms.