Jeep Cherokee Depreciation

A Jeep Cherokee will depreciate 53% after 5 years and have a 5 year resale value of $16,621.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $35,110 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Jeep Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $9,002 74.36% $26,108 13,500 2021
2 $13,335 62.02% $21,775 27,000 2022
3 $14,918 57.51% $20,192 40,500 2023
4 $17,934 48.92% $17,176 54,000 2024
5 $18,489 47.34% $16,621 67,500 2025
6 $19,795 43.62% $15,315 81,000 2026
7 $22,836 34.96% $12,274 94,500 2027
8 $24,254 30.92% $10,856 108,000 2028
9 $25,493 27.39% $9,617 121,500 2029
10 $26,782 23.72% $8,328 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $9,002 74.36% $26,108
2 $13,335 62.02% $21,775
3 $14,918 57.51% $20,192
4 $17,934 48.92% $17,176
5 $18,489 47.34% $16,621
6 $19,795 43.62% $15,315
7 $22,836 34.96% $12,274
8 $24,254 30.92% $10,856
9 $25,493 27.39% $9,617
10 $26,782 23.72% $8,328

Jeep Cherokee Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Jeep Cherokee that is 2 years old, then you could save $13,335 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $5,154. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Cherokee models become available.

The Best Model Years to Buy a Jeep Cherokee

The 2018 Jeep Cherokee is our top pick for the best model year value for the Cherokee. With the 2018, you would only pay, on average, 62% of the price as new, with 83% of the vehicle's useful life remaining. The 2016 and 2017 model years are also attractive years for the Cherokee, and provide a relatively good value. Our rankings consider multiple factors, including the Cherokee's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Jeep Cherokee models.

Jeep Cherokee Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $35,110 $35,110 $282 $0 0% 100%
2019 $33,753 $25,436 $338 $9,674 27.55% 74.36% Good
2018 $32,552 $20,633 $444 $4,803 18.88% 62.02% Best
2017 $33,119 $19,652 $605 $981 4.75% 57.51% Better
2016 $33,018 $16,862 $711 $2,790 14.2% 48.92% Better
2015 $30,290 $15,264 $926 $1,598 9.48% 47.34% Good
2014 $28,724 $13,848 $1,318 $1,416 9.28% 43.62%
Year Price % Paid Value Rank
2020 $35,110 100%
2019 $25,436 74.36% Good
2018 $20,633 62.02% Best
2017 $19,652 57.51% Better
2016 $16,862 48.92% Better
2015 $15,264 47.34% Good
2014 $13,848 43.62%
Our Favorite Jeep Cherokee Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.