The Jeep Wrangler is the quintessential off-road SUV. It has its problems, but the Wrangler has earned its place in the hearts of millions of automotive enthusiasts. It turns out the Wrangler’s depreciation rate is one of the lowest on the market.
The Jeep Wrangler ages like a fine wine
What does the Jeep Wrangler have in common with French red wine? They both age exceptionally well. According to a study conducted by the folks at iSeeCars.com, The Jeep Wrangler and Jeep Wrangler Unlimited respectively occupy the top two spots on a list of 10 vehicles with the lowest depreciation rate.
This study confirms that the Jeep Wrangler still retains most of its value after a five-year period of time. Other vehicles can depreciate by an average of 40% after five years. This statistic means that after six years of ownership, the average new vehicle will be worth almost 50% less than the price you purchased it for.
The Jeep Wrangler only loses 9.2% of its total value after five years or an average of $2,796. The Jeep Wrangler Unlimited loses 10.5% of its value after five years or an average of $3,810.
Is the 2022 Jeep Wrangler an affordable SUV?
The 2022 Jeep Wrangler starts at around $29,725. After five years of ownership, it would still be worth about $26,990. The Wrangler is reasonably priced compared to other midsize SUV models. It is a good deal from a price perspective, considering the fact that it retains so much of its value after five years of ownership.
The Jeep Wrangler is available in several different trim levels. The Jeep Wrangler Rubicon trim is among the most popular. It starts at around $43,265.
Should you buy a 2022 Jeep Wrangler?
The 2022 Jeep Wrangler has made many improvements, but Wranglers are still problematic. Jeep Wranglers are notorious for being unreliable, and most drivers won’t want to deal with the constant troubleshooting and repairs that come with Wrangler ownership. The Wrangler is born to be wild and ultimately meant for the trail. If you aren’t planning on adventuring regularly, the Wrangler probably isn’t for you.
The Jeep Wrangler is made for folks who like to travel off the beaten path regularly and tango with tough terrain. Off-roading comes with its own risks, dangers, and repairs, so drivers accustomed to the off-road lifestyle are better suited for Wrangler ownership. The Jeep Wrangler’s fuel economy also isn’t the best compared to other SUVs in its class. It gets 22 miles per gallon in the city and 29 miles per gallon on the highway.
If you are seeking adventure and don’t mind having to visit your local repair shop or mechanic on occasion, the Wrangler is one of the best off-road SUVs on the market because of its unique design. If you are more of a casual thrill-seeker, the Wrangler is hardly the best daily driver, especially in the city.