Jeep Grand Cherokee Depreciation

A Jeep Grand Cherokee will depreciate 56% after 5 years and have a 5 year resale value of $21,014.

The Jeep Grand Cherokee does an OK job of holding its value, but it's not great. It outperforms 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 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 year, 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 $13,267 71.98% $34,083 13,500 2021
2 $15,512 67.24% $31,838 27,000 2022
3 $19,253 59.34% $28,097 40,500 2023
4 $23,268 50.86% $24,082 54,000 2024
5 $26,336 44.38% $21,014 67,500 2025
6 $28,732 39.32% $18,618 81,000 2026
7 $32,226 31.94% $15,124 94,500 2027
8 $32,856 30.61% $14,494 108,000 2028
9 $33,633 28.97% $13,717 121,500 2029
10 $37,302 21.22% $10,048 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $13,267 71.98% $34,083
2 $15,512 67.24% $31,838
3 $19,253 59.34% $28,097
4 $23,268 50.86% $24,082
5 $26,336 44.38% $21,014
6 $28,732 39.32% $18,618
7 $32,226 31.94% $15,124
8 $32,856 30.61% $14,494
9 $33,633 28.97% $13,717
10 $37,302 21.22% $10,048

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 $15,512 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 $10,824. 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, 72% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2016 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 $33,843 $338 $13,507 28.53% 71.98% Best
2018 $45,857 $31,277 $444 $2,566 7.58% 67.24% Better
2017 $45,940 $27,868 $605 $3,409 10.9% 59.34% Good
2016 $45,153 $23,675 $711 $4,193 15.05% 50.86% Better
2015 $44,765 $20,793 $926 $2,882 12.17% 44.38% Good
2014 $43,037 $18,238 $1,318 $2,555 12.29% 39.32%
2013 $42,112 $14,953 $1,504 $3,285 18.01% 31.94%
2012 $39,971 $13,864 $1,628 $1,089 7.28% 30.61%
2011 $36,284 $12,386 $1,873 $1,478 10.66% 28.97%
2010 $35,992 $9,565 $1,927 $2,821 22.78% 21.22%
2009 $33,815 $8,262 $2,222 $1,303 13.62% 17.86%
2008 $33,020 $8,043 $2,640 $219 2.65% 16.36%
Year Price % Paid Value Rank
2020 $47,350 100%
2019 $33,843 71.98% Best
2018 $31,277 67.24% Better
2017 $27,868 59.34% Good
2016 $23,675 50.86% Better
2015 $20,793 44.38% Good
2014 $18,238 39.32%
2013 $14,953 31.94%
2012 $13,864 30.61%
2011 $12,386 28.97%
2010 $9,565 21.22%
2009 $8,262 17.86%
2008 $8,043 16.36%
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 September 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.