Jeep Grand Cherokee Depreciation

A Jeep Grand Cherokee will depreciate 51% after 5 years and have a 5 year resale value of $23,466.

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 Calculator

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Jeep Grand Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $11,680 75.54% $36,073 12,000 2022
2 $15,482 67.58% $32,271 24,000 2023
3 $17,635 63.07% $30,118 36,000 2024
4 $21,637 54.69% $26,116 48,000 2025
5 $24,287 49.14% $23,466 60,000 2026
6 $28,155 41.04% $19,598 72,000 2027
7 $29,659 37.89% $18,094 84,000 2028
8 $33,613 29.61% $14,140 96,000 2029
9 $34,674 27.39% $13,079 108,000 2030
10 $35,655 25.33% $12,098 120,000 2031

Jeep Grand Cherokee Depreciation

Years Old Depreciation Residual Value Resale Value
1 $11,680 75.54% $36,073
2 $15,482 67.58% $32,271
3 $17,635 63.07% $30,118
4 $21,637 54.69% $26,116
5 $24,287 49.14% $23,466
6 $28,155 41.04% $19,598
7 $29,659 37.89% $18,094
8 $33,613 29.61% $14,140
9 $34,674 27.39% $13,079
10 $35,655 25.33% $12,098

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 $15,482 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 $8,805. 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 $1,582 per year. This adds up to around $7,910 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

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 2017 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 $366 $0 0% 100%
2020 $47,350 $36,197 $427 $11,556 24.2% 75.54% Best
2019 $46,545 $31,978 $523 $4,219 11.66% 67.58% Better
2018 $45,857 $29,598 $677 $2,380 7.44% 63.07% Good
2017 $45,940 $25,931 $805 $3,667 12.39% 54.69% Better
2016 $45,153 $23,196 $1,007 $2,735 10.55% 49.14% Good
2015 $44,765 $19,789 $1,416 $3,407 14.69% 41.04%
2014 $43,037 $17,884 $1,579 $1,905 9.63% 37.89%
2013 $42,112 $14,199 $1,730 $3,685 20.61% 29.61%
2012 $39,971 $13,893 $1,954 $306 2.16% 29.87%
2011 $36,284 $12,167 $1,983 $1,726 12.42% 28.07%
2010 $35,992 $9,019 $2,224 $3,148 25.87% 18.88%
2009 $33,815 $7,323 $2,572 $1,696 18.8% 14.05%
Year Price % Paid Value Rank
2021 $47,753 100%
2020 $36,197 75.54% Best
2019 $31,978 67.58% Better
2018 $29,598 63.07% Good
2017 $25,931 54.69% Better
2016 $23,196 49.14% Good
2015 $19,789 41.04%
2014 $17,884 37.89%
2013 $14,199 29.61%
2012 $13,893 29.87%
2011 $12,167 28.07%
2010 $9,019 18.88%
2009 $7,323 14.05%

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: