Jeep Cherokee Depreciation

A Jeep Cherokee will depreciate 56% after 5 years and have a 5 year resale value of $15,722.

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 $11,785 67.07% $24,004 12,000 2022
2 $13,081 63.45% $22,708 24,000 2023
3 $13,897 61.17% $21,892 36,000 2024
4 $17,640 50.71% $18,149 48,000 2025
5 $20,067 43.93% $15,722 60,000 2026
6 $21,246 40.64% $14,543 72,000 2027
7 $22,322 37.63% $13,467 84,000 2028
8 $23,332 34.81% $12,457 96,000 2029
9 $24,266 32.20% $11,523 108,000 2030
10 $25,130 29.78% $10,659 120,000 2031

Jeep Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value
1 $11,785 67.07% $24,004
2 $13,081 63.45% $22,708
3 $13,897 61.17% $21,892
4 $17,640 50.71% $18,149
5 $20,067 43.93% $15,722
6 $21,246 40.64% $14,543
7 $22,322 37.63% $13,467
8 $23,332 34.81% $12,457
9 $24,266 32.20% $11,523
10 $25,130 29.78% $10,659

Buying a Jeep Cherokee New vs Used

If you purchase a used Jeep Cherokee that is 2 years old, then you could save $13,081 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 $6,986. 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.

What About Jeep Cherokee Insurance Costs?

The average cost to insure a Jeep Cherokee is about $1,478 per year. This adds up to around $7,390 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Jeep Cherokee. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

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, 67% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 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
2021 $35,789 $35,789 $342 $0 0% 100%
2020 $35,110 $23,951 $403 $11,838 33.08% 67.07% Best
2019 $33,753 $21,915 $499 $2,036 8.5% 63.45% Better
2018 $32,552 $20,565 $653 $1,350 6.16% 61.17% Good
2017 $33,119 $17,575 $781 $2,990 14.54% 50.71% Better
2016 $33,018 $15,487 $983 $2,088 11.88% 43.93% Good
2015 $30,290 $14,820 $1,392 $667 4.31% 44.33%
2014 $28,724 $12,363 $1,555 $2,457 16.58% 37.63%
Year Price % Paid Value Rank
2021 $35,789 100%
2020 $23,951 67.07% Best
2019 $21,915 63.45% Better
2018 $20,565 61.17% Good
2017 $17,575 50.71% Better
2016 $15,487 43.93% Good
2015 $14,820 44.33%
2014 $12,363 37.63%

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: