Jeep Renegade Depreciation

A Jeep Renegade will depreciate 48% after 5 years and have a 5 year resale value of $14,506.

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 $27,667 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 Renegade.

Jeep Renegade Depreciation Calculator

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Jeep Renegade Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $6,560 76.29% $21,107 12,000 2022
2 $7,924 71.36% $19,743 24,000 2023
3 $9,672 65.04% $17,995 36,000 2024
4 $11,402 58.79% $16,265 48,000 2025
5 $13,161 52.43% $14,506 60,000 2026
6 $14,506 47.57% $13,161 72,000 2027
7 $15,751 43.07% $11,916 84,000 2028
8 $16,739 39.50% $10,928 96,000 2029
9 $17,981 35.01% $9,686 108,000 2030
10 $18,390 33.53% $9,277 120,000 2031

Jeep Renegade Depreciation

Years Old Depreciation Residual Value Resale Value
1 $6,560 76.29% $21,107
2 $7,924 71.36% $19,743
3 $9,672 65.04% $17,995
4 $11,402 58.79% $16,265
5 $13,161 52.43% $14,506
6 $14,506 47.57% $13,161
7 $15,751 43.07% $11,916
8 $16,739 39.50% $10,928
9 $17,981 35.01% $9,686
10 $18,390 33.53% $9,277

Buying a Jeep Renegade New vs Used

If you purchase a used Jeep Renegade that is 2 years old, then you could save $7,924 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 $5,237. 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 Renegade models become available.

What About Jeep Renegade Insurance Costs?

The average cost to insure a Jeep Renegade is about $1,434 per year. This adds up to around $7,170 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 Renegade. 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

Jeep Renegade Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Jeep Renegade 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 Renegade 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: