Jeep Cherokee Depreciation

A Jeep Cherokee will depreciate 53% after 5 years and have a 5 year resale value of $16,857.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $35,789 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Jeep Cherokee.

Jeep Cherokee Depreciation Calculator

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Jeep Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $11,159 68.82% $24,630 12,000 2022
2 $12,855 64.08% $22,934 24,000 2023
3 $13,897 61.17% $21,892 36,000 2024
4 $16,298 54.46% $19,491 48,000 2025
5 $18,932 47.10% $16,857 60,000 2026
6 $19,548 45.38% $16,241 72,000 2027
7 $20,554 42.57% $15,235 84,000 2028
8 $20,765 41.98% $15,024 96,000 2029
9 $22,390 37.44% $13,399 108,000 2030
10 $23,560 34.17% $12,229 120,000 2031

Jeep Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value
1 $11,159 68.82% $24,630
2 $12,855 64.08% $22,934
3 $13,897 61.17% $21,892
4 $16,298 54.46% $19,491
5 $18,932 47.10% $16,857
6 $19,548 45.38% $16,241
7 $20,554 42.57% $15,235
8 $20,765 41.98% $15,024
9 $22,390 37.44% $13,399
10 $23,560 34.17% $12,229

Buying a Jeep Cherokee New vs Used

If you purchase a used Jeep Cherokee that is 2 years old, then you could save $12,855 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 $6,077. 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 2020 Jeep Cherokee is our top pick for the best model year value for the Cherokee. With the 2020, you would only pay, on average, 69% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 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
2021 $35,789 $35,789 $353 $0 0% 100%
2020 $35,110 $24,572 $410 $11,217 31.34% 68.82% Best
2019 $33,753 $22,145 $516 $2,427 9.88% 64.08% Better
2018 $32,552 $20,590 $677 $1,555 7.02% 61.17% Better
2017 $33,119 $18,819 $783 $1,771 8.6% 54.46% Good
2016 $33,018 $16,551 $998 $2,268 12.05% 47.1% Good
2015 $30,290 $15,137 $1,390 $1,414 8.54% 45.38%
2014 $28,724 $13,803 $1,576 $1,334 8.81% 42.57%
Year Price % Paid Value Rank
2021 $35,789 100%
2020 $24,572 68.82% Best
2019 $22,145 64.08% Better
2018 $20,590 61.17% Better
2017 $18,819 54.46% Good
2016 $16,551 47.1% Good
2015 $15,137 45.38%
2014 $13,803 42.57%

Jeep Cherokee Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Jeep Cherokee ranks for Depreciation compared to other vehicles. Also check out how the Cherokee stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Jeep Cherokee Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Jeep Cherokee costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: