Jeep Grand Cherokee Depreciation

A Jeep Grand Cherokee will depreciate 38% after 5 years and have a 5 year resale value of $33,514.

The Jeep Grand Cherokee does an OK job of holding its value, but it's not great. It's neck-and-neck with its principal rival, the Ford Explorer, but it's still towards the back of the pack when meaured by its resale values. While we don't recommend buying a new Grand Cherokee, as they will lose 25% of their value in year 1, you can find some good deals in the used market, provided that you do your homework.

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 $54,011 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 Grand Cherokee.

Jeep Grand Cherokee Depreciation Calculator

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Jeep Grand Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $9,587 82.25% $44,424 12,000 2022
2 $10,802 80.00% $43,209 24,000 2023
3 $12,304 77.22% $41,707 36,000 2024
4 $14,745 72.70% $39,266 48,000 2025
5 $20,497 62.05% $33,514 60,000 2026
6 $24,229 55.14% $29,782 72,000 2027
7 $27,605 48.89% $26,406 84,000 2028
8 $30,343 43.82% $23,668 96,000 2029
9 $34,254 36.58% $19,757 108,000 2030
10 $35,491 34.29% $18,520 120,000 2031

Jeep Grand Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value
1 $9,587 82.25% $44,424
2 $10,802 80.00% $43,209
3 $12,304 77.22% $41,707
4 $14,745 72.70% $39,266
5 $20,497 62.05% $33,514
6 $24,229 55.14% $29,782
7 $27,605 48.89% $26,406
8 $30,343 43.82% $23,668
9 $34,254 36.58% $19,757
10 $35,491 34.29% $18,520

Buying a Jeep Grand Cherokee New vs Used

If you purchase a used Jeep Grand Cherokee that is 2 years old, then you could save $10,802 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 $9,695. 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 Grand Cherokee models become available.

What About Jeep Grand Cherokee Insurance Costs?

The average cost to insure a Jeep Grand Cherokee is about $1,729 per year. This adds up to around $8,645 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 Grand 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

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The Best Model Years to Buy a Jeep Grand Cherokee

The 2021 Jeep Grand Cherokee is our top pick for the best model year value for the Grand Cherokee. With the 2021, you would only pay, on average, 82% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the Grand Cherokee, and provide a relatively good value. Our rankings consider multiple factors, including the Grand 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 Grand Cherokee models.

Jeep Grand Cherokee Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $54,011 $54,011 $379 $0 0% 100%
2021 $53,881 $44,758 $439 $9,253 17.13% 82.25% Best
2020 $47,350 $37,880 $536 $6,878 15.37% 80% Better
2019 $46,545 $36,632 $690 $1,248 3.29% 77.22% Better
2018 $45,857 $34,158 $818 $2,474 6.75% 72.7%
2017 $45,940 $29,525 $1,019 $4,633 13.56% 62.05% Good
2016 $45,153 $26,324 $1,428 $3,201 10.84% 55.14% Good
2015 $44,765 $23,478 $1,591 $2,846 10.81% 48.89%
2014 $43,037 $20,601 $1,742 $2,877 12.25% 43.82%
2013 $42,112 $17,372 $1,967 $3,229 15.67% 36.58%
2012 $39,971 $15,703 $1,996 $1,669 9.61% 34.29%
2011 $36,284 $13,915 $2,236 $1,788 11.39% 32.19%
2010 $35,992 $10,452 $2,585 $3,463 24.89% 21.86%
Year Price % Paid Value Rank
2022 $54,011 100%
2021 $44,758 82.25% Best
2020 $37,880 80% Better
2019 $36,632 77.22% Better
2018 $34,158 72.7%
2017 $29,525 62.05% Good
2016 $26,324 55.14% Good
2015 $23,478 48.89%
2014 $20,601 43.82%
2013 $17,372 36.58%
2012 $15,703 34.29%
2011 $13,915 32.19%
2010 $10,452 21.86%

Jeep Grand Cherokee Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Jeep Grand 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 Grand 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: