Jeep Renegade Depreciation

A Jeep Renegade will depreciate 32% after 5 years and have a 5 year resale value of $20,858.

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 $30,485 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 $3,143 89.69% $27,342 12,000 2022
2 $4,137 86.43% $26,348 24,000 2023
3 $5,146 83.12% $25,339 36,000 2024
4 $7,387 75.77% $23,098 48,000 2025
5 $9,627 68.42% $20,858 60,000 2026
6 $11,264 63.05% $19,221 72,000 2027
7 $12,868 57.79% $17,617 84,000 2028
8 $13,862 54.53% $16,623 96,000 2029
9 $15,837 48.05% $14,648 108,000 2030
10 $17,236 43.46% $13,249 120,000 2031

Jeep Renegade Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,143 89.69% $27,342
2 $4,137 86.43% $26,348
3 $5,146 83.12% $25,339
4 $7,387 75.77% $23,098
5 $9,627 68.42% $20,858
6 $11,264 63.05% $19,221
7 $12,868 57.79% $17,617
8 $13,862 54.53% $16,623
9 $15,837 48.05% $14,648
10 $17,236 43.46% $13,249

Buying a Jeep Renegade New vs Used

If you purchase a used Jeep Renegade that is 2 years old, then you could save $4,137 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 $5,490. 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 $1,463 per year. This adds up to around $7,315 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: