Jeep Cherokee Depreciation

A Jeep Cherokee will depreciate 53% after 5 years and have a 5 year resale value of $16,537.

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. It also assumes a selling price of $35,110 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $9,076 74.15% $26,034 13,500 2021
2 $13,412 61.80% $21,698 27,000 2022
3 $14,992 57.30% $20,118 40,500 2023
4 $18,011 48.70% $17,099 54,000 2024
5 $18,573 47.10% $16,537 67,500 2025
6 $19,883 43.37% $15,227 81,000 2026
7 $22,916 34.73% $12,194 94,500 2027
8 $24,342 30.67% $10,768 108,000 2028
9 $25,581 27.14% $9,529 121,500 2029
10 $26,873 23.46% $8,237 135,000 2030

Jeep Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value
1 $9,076 74.15% $26,034
2 $13,412 61.80% $21,698
3 $14,992 57.30% $20,118
4 $18,011 48.70% $17,099
5 $18,573 47.10% $16,537
6 $19,883 43.37% $15,227
7 $22,916 34.73% $12,194
8 $24,342 30.67% $10,768
9 $25,581 27.14% $9,529
10 $26,873 23.46% $8,237

Jeep Cherokee Depreciation Calculator

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Current Price
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Annual Miles

If you purchase a used Jeep Cherokee that is 2 years old, then you could save $13,412 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 $5,161. 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 $352 $0 0% 100%
2019 $33,753 $25,436 $409 $9,674 27.55% 74.15% Good
2018 $32,552 $20,633 $515 $4,803 18.88% 61.8% Best
2017 $33,119 $19,652 $676 $981 4.75% 57.3% Better
2016 $33,018 $16,862 $782 $2,790 14.2% 48.7% Better
2015 $30,290 $15,264 $997 $1,598 9.48% 47.1% Good
2014 $28,724 $13,848 $1,389 $1,416 9.28% 43.37%
Year Price % Paid Value Rank
2020 $35,110 100%
2019 $25,436 74.15% Good
2018 $20,633 61.8% Best
2017 $19,652 57.3% Better
2016 $16,862 48.7% Better
2015 $15,264 47.1% Good
2014 $13,848 43.37%

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: