Jeep Grand Cherokee L Resale Value and Depreciation
See how much the Jeep Grand Cherokee L depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Jeep Grand Cherokee L depreciates 46.8 percent after five years, resulting in a resale value of $20,759. In comparison, the midsize SUV category, which the Jeep Grand Cherokee L belongs to, loses 50.1 percent of its value after five years. For further context, the five-year depreciation for all SUVs is 49 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Jeep Grand Cherokee L for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Jeep Grand Cherokee L sees a depreciation of 38.3 percent with a resale value of $24,083. Its 7-year depreciation is 55.4 percent and 10-year depreciation is 64.3 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Jeep Grand Cherokee L depreciates 46.8 percent after five years, resulting in a resale value of $20,759. In comparison, the midsize SUV category, which the Jeep Grand Cherokee L belongs to, loses 50.1 percent of its value after five years. For further context, the five-year depreciation for all SUVs is 49 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Jeep Grand Cherokee L for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Jeep Grand Cherokee L sees a depreciation of 38.3 percent with a resale value of $24,083. Its 7-year depreciation is 55.4 percent and 10-year depreciation is 64.3 percent.
Jeep Grand Cherokee L Depreciation After 3, 5, 7 and 10 Years
Jeep Grand Cherokee L Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.3830417225 |
14952.0336377875 |
0.6169582775 |
24082.9663622125 |
|
5 Years |
0.4682077805 |
18276.4907118175 |
0.5317922195 |
20758.5092881825 |
|
7 Years |
0.5538628731 |
21620.0372514585 |
0.4461371269 |
17414.9627485415 |
|
10 Years |
0.64308565 |
25102.84834775 |
0.35691435 |
13932.15165225 |
Jeep Grand Cherokee L Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Jeep Grand Cherokee L |
0.3830417225 |
0.4682077805 |
0.5538628731 |
0.64308565 |
|
All Midsize SUVs |
0.3447222773749716 |
0.5013682140367607 |
0.6098841403198537 |
0.7129909475954843 |
|
All SUVs |
0.330995001164211 |
0.4897264686520613 |
0.6004698500235992 |
0.7078944428085 |
|
All Cars |
0.3165179968413209 |
0.4545119881897068 |
0.5646277219298009 |
0.673588353813038 |
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Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.