Jeep Grand Cherokee Depreciation

A Jeep Grand Cherokee will depreciate 51% after 5 years and have a 5 year resale value of $23,561.

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 $47,753 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $11,427 76.07% $36,326 12,000 2022
2 $15,271 68.02% $32,482 24,000 2023
3 $17,010 64.38% $30,743 36,000 2024
4 $20,357 57.37% $27,396 48,000 2025
5 $24,192 49.34% $23,561 60,000 2026
6 $27,000 43.46% $20,753 72,000 2027
7 $29,163 38.93% $18,590 84,000 2028
8 $32,630 31.67% $15,123 96,000 2029
9 $33,513 29.82% $14,240 108,000 2030
10 $34,201 28.38% $13,552 120,000 2031

Jeep Grand Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value
1 $11,427 76.07% $36,326
2 $15,271 68.02% $32,482
3 $17,010 64.38% $30,743
4 $20,357 57.37% $27,396
5 $24,192 49.34% $23,561
6 $27,000 43.46% $20,753
7 $29,163 38.93% $18,590
8 $32,630 31.67% $15,123
9 $33,513 29.82% $14,240
10 $34,201 28.38% $13,552

Jeep Grand Cherokee Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Jeep Grand Cherokee that is 2 years old, then you could save $15,271 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 $8,921. 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 2020 Jeep Grand Cherokee is our top pick for the best model year value for the Grand Cherokee. With the 2020, you would only pay, on average, 76% 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 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
2021 $47,753 $47,753 $377 $0 0% 100%
2020 $47,350 $36,452 $434 $11,301 23.67% 76.07% Best
2019 $46,545 $32,201 $540 $4,251 11.66% 68.02% Better
2018 $45,857 $30,226 $701 $1,975 6.13% 64.38% Better
2017 $45,940 $27,163 $807 $3,063 10.13% 57.37% Good
2016 $45,153 $23,302 $1,022 $3,861 14.21% 49.34% Good
2015 $44,765 $20,870 $1,414 $2,432 10.44% 43.46%
2014 $43,037 $18,354 $1,600 $2,516 12.06% 38.93%
2013 $42,112 $15,058 $1,723 $3,296 17.96% 31.67%
2012 $39,971 $13,889 $1,969 $1,169 7.76% 29.82%
2011 $36,284 $12,319 $2,022 $1,570 11.3% 28.38%
2010 $35,992 $9,525 $2,317 $2,794 22.68% 20.03%
2009 $33,815 $8,328 $2,735 $1,197 12.57% 16.54%
Year Price % Paid Value Rank
2021 $47,753 100%
2020 $36,452 76.07% Best
2019 $32,201 68.02% Better
2018 $30,226 64.38% Better
2017 $27,163 57.37% Good
2016 $23,302 49.34% Good
2015 $20,870 43.46%
2014 $18,354 38.93%
2013 $15,058 31.67%
2012 $13,889 29.82%
2011 $12,319 28.38%
2010 $9,525 20.03%
2009 $8,328 16.54%

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: