Estimated value by year
New
$32,000
MSRP
1 yr
$23,680
-26%
2 yrs
$21,440
-33%
3 yrs
$19,520
-39%
5 yrs
$16,000
-50%
10 yrs
$9,600
-70%
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Full Depreciation Table — Jeep Cherokee
Based on base MSRP of $32,000. Actual values vary by trim, mileage, condition, and region.
| Year | Age | Depreciation | 🤝 Trade-In | 🧑 Private Sale | 🏢 Dealer Retail |
|---|---|---|---|---|---|
| 2026 (New) | 0 yrs | -0% | $27,840 | $32,000 | $35,840 |
| 2025 | 1 yr | -26% | $20,602 | $23,680 | $26,522 |
| 2024 | 2 yrs | -33% | $18,653 | $21,440 | $24,013 |
| 2023 | 3 yrs | -39% | $16,982 | $19,520 | $21,862 |
| 2022 | 4 yrs | -45% | $15,312 | $17,600 | $19,712 |
| 2021 | 5 yrs | -50% | $13,920 | $16,000 | $17,920 |
| 2020 | 6 yrs | -54% | $12,806 | $14,720 | $16,486 |
| 2019 | 7 yrs | -58% | $11,693 | $13,440 | $15,053 |
| 2018 | 8 yrs | -62% | $10,579 | $12,160 | $13,619 |
| 2017 | 9 yrs | -66% | $9,466 | $10,880 | $12,186 |
| 2016 | 10 yrs | -70% | $8,352 | $9,600 | $10,752 |
Cost per year
$3,200
avg annual loss
Sweet spot buy
2–3 yrs old
$19,520 saves $12,480
Value at 10 yrs
$9,600
70% of value gone
Key Specs — Jeep Cherokee
Category
SUV
Base MSRP
$32,000
5-Year Depreciation
50%
vs Category Avg
6% worse than average
Expected Lifespan
150,000–200,000 miles
Best Used Buy Age
2–3 years old
Should you buy a used Jeep Cherokee?
The sweet spot for buying a used Cherokee is 2 to 3 years old. At that age you can save approximately $12,480 off the new price while still getting a relatively modern vehicle. This model depreciates heavily, which makes the used market excellent value. A 3-year-old example can be significantly cheaper than new.
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