Jeep Cherokee Depreciation

A Jeep Cherokee will depreciate 53% after 5 years and have a 5 year resale value of $16,586.

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, 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 $12,994 62.99% $22,116 13,500 2021
2 $13,338 62.01% $21,772 27,000 2022
3 $15,252 56.56% $19,858 40,500 2023
4 $17,671 49.67% $17,439 54,000 2024
5 $18,524 47.24% $16,586 67,500 2025
6 $20,136 42.65% $14,974 81,000 2026
7 $23,288 33.67% $11,822 94,500 2027
8 $24,770 29.45% $10,340 108,000 2028
9 $25,936 26.13% $9,174 121,500 2029
10 $27,175 22.60% $7,935 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $12,994 62.99% $22,116
2 $13,338 62.01% $21,772
3 $15,252 56.56% $19,858
4 $17,671 49.67% $17,439
5 $18,524 47.24% $16,586
6 $20,136 42.65% $14,974
7 $23,288 33.67% $11,822
8 $24,770 29.45% $10,340
9 $25,936 26.13% $9,174
10 $27,175 22.60% $7,935

Jeep Cherokee Depreciation Calculator

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If you purchase a used Jeep Cherokee that is 2 years old, then you could save $13,338 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 $5,186. 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 2019 Jeep Cherokee is our top pick for the best model year value for the Cherokee. With the 2019, you would only pay, on average, 63% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 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 $21,600 $338 $13,510 38.48% 62.99% Best
2018 $32,552 $20,628 $444 $972 4.5% 62.01% Better
2017 $33,119 $19,338 $605 $1,290 6.25% 56.56% Better
2016 $33,018 $17,111 $711 $2,227 11.52% 49.67% Good
2015 $30,290 $15,236 $926 $1,875 10.96% 47.24% Good
2014 $28,724 $13,570 $1,318 $1,666 10.93% 42.65%
Year Price % Paid Value Rank
2020 $35,110 100%
2019 $21,600 62.99% Best
2018 $20,628 62.01% Better
2017 $19,338 56.56% Better
2016 $17,111 49.67% Good
2015 $15,236 47.24% Good
2014 $13,570 42.65%
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 April 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.