Jeep Grand Cherokee Depreciation

A Jeep Grand Cherokee will depreciate 56% after 5 years and have a 5 year resale value of $20,867.

The Jeep Cherokee does a fair job of holding its value, but it's not great. It outperforms its principal rival, the Ford Explorer, but it's still in the middle of the pack when looking at its depreciation. While we don't recommend buying new, as on average, they will lose 30% 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 13,500 miles per, and assumes a purchase price of $47,350 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 Grand Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $14,470 69.44% $32,880 13,500 2021
2 $16,601 64.94% $30,749 27,000 2022
3 $20,981 55.69% $26,369 40,500 2023
4 $23,315 50.76% $24,035 54,000 2024
5 $26,483 44.07% $20,867 67,500 2025
6 $29,281 38.16% $18,069 81,000 2026
7 $32,520 31.32% $14,830 94,500 2027
8 $33,453 29.35% $13,897 108,000 2028
9 $34,220 27.73% $13,130 121,500 2029
10 $37,776 20.22% $9,574 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $14,470 69.44% $32,880
2 $16,601 64.94% $30,749
3 $20,981 55.69% $26,369
4 $23,315 50.76% $24,035
5 $26,483 44.07% $20,867
6 $29,281 38.16% $18,069
7 $32,520 31.32% $14,830
8 $33,453 29.35% $13,897
9 $34,220 27.73% $13,130
10 $37,776 20.22% $9,574

Jeep Grand Cherokee Depreciation Calculator

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If you purchase a used Jeep Grand Cherokee that is 2 years old, then you could save $16,601 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 $9,882. 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.

The Best Model Years to Buy a Jeep Grand Cherokee

The 2019 Jeep Grand Cherokee is our top pick for the best model year value for the Grand Cherokee. With the 2019, you would only pay, on average, 69% of the price as new, with 92% of the vehicle's useful life remaining. The 2017 and 2018 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
2020 $47,350 $47,350 $282 $0 0% 100%
2019 $46,545 $32,660 $338 $14,690 31.02% 69.44% Best
2018 $45,857 $30,224 $444 $2,436 7.46% 64.94% Better
2017 $45,940 $26,189 $605 $4,035 13.35% 55.69% Better
2016 $45,153 $23,629 $711 $2,560 9.78% 50.76% Good
2015 $44,765 $20,653 $926 $2,976 12.59% 44.07% Good
2014 $43,037 $17,740 $1,318 $2,913 14.1% 38.16%
2013 $42,112 $14,693 $1,504 $3,047 17.18% 31.32%
2012 $39,971 $13,360 $1,628 $1,333 9.07% 29.35%
2011 $36,284 $11,933 $1,873 $1,427 10.68% 27.73%
2010 $35,992 $9,203 $1,927 $2,730 22.88% 20.22%
2009 $33,815 $8,517 $2,222 $686 7.45% 18.62%
2008 $33,020 $7,925 $2,640 $592 6.95% 16.01%
Year Price % Paid Value Rank
2020 $47,350 100%
2019 $32,660 69.44% Best
2018 $30,224 64.94% Better
2017 $26,189 55.69% Better
2016 $23,629 50.76% Good
2015 $20,653 44.07% Good
2014 $17,740 38.16%
2013 $14,693 31.32%
2012 $13,360 29.35%
2011 $11,933 27.73%
2010 $9,203 20.22%
2009 $8,517 18.62%
2008 $7,925 16.01%
Our Favorite Jeep Grand 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.