2024 Jeep Grand Cherokee: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Jeep Grand Cherokee costs $55,682 to own over 5 years, or $928/month. The biggest expenses are depreciation ($21,317) and insurance ($13,200).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$55,682
$928/month • $1/mile
Cost Breakdown
Depreciation$21,317 (38%)
Insurance$13,200 (24%)
Fuel/Energy$10,500 (19%)
Maintenance$3,340 (6%)
Financing$6,965 (13%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $8,199 | $2,640 | $2,100 | $668 | $13,607 |
| Year 2 | $3,280 | $2,640 | $2,100 | $668 | $8,688 |
| Year 3 | $3,280 | $2,640 | $2,100 | $668 | $8,688 |
| Year 4 | $3,280 | $2,640 | $2,100 | $668 | $8,688 |
| Year 5 | $3,280 | $2,640 | $2,100 | $668 | $8,688 |
Key Facts
1-Year Depreciation
20% ($8,199)
5-Year Depreciation
52% ($21,317)
Annual Repair Cost
$882
Annual Maintenance
$668
These are estimates based on state averages. Your exact rate depends on your specific profile.
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