It makes sense that bigger SUVs cost more to maintain. On top of that, a more expensive sport utility vehicle means higher insurance costs, depreciation, and fees. These large SUVs cost less than $50,000 out-of-pocket in the first five years of ownership.
The Jeep Wagoneer is a large SUV that costs less than $50,000 out of pocket
Kelley Blue Book did the math and found that the 2022 Jeep Wagoneer cost around $34,778 out-of-pocket in the first five years. The price estimates the cost of fuel over 15,000 miles annually. Maintenance includes oil changes and other items to keep your large SUV in good shape.
Insurance is the average cost of insuring the vehicle in your state (with collision and liability), and repairs are based on a no-deductable extended warranty. That number and the rest will differ from person to person. The 2022 Jeep Wagoneer starts at $58,995 this year and is estimated to cost $12,529 in fuel over five years.
|Total Out of Pocket Expenses||$34,778|
|Depreciation (Loss in Value)||$37,238|
|Five-Year Cost to Own||$72,016|
Depreciation is one of the most significant costs the 2022 Jeep Wagoneer incurs in the first five years, costing an estimated $37,238. The total out-of-pocket expenses were just under that at $34,778. While that is still pretty high, it was good enough to take first place out of large SUVs that cost less than $50,000 out of pocket in the first five years.
Infiniti’s QX80 is a large SUV that costs less than $50,000 out of pocket
If you are considering getting into the 2023 Infiniti QX80, it starts at $72,700 and has plenty to offer buyers. The fuel cost was high, but Kelley Blue Book found that the total out-of-pocket expenses for the Infiniti SUV came to $36,060. Depreciation was also a major factor, coming in at $45,815 over five years. That brought the five-year cost-to-own was $81,875.
|Total Out of Pocket Expenses||$36,060|
|Depreciation (Loss in Value)||$45,815|
|Five-Year Cost to Own||$81,875|
The Infinity QX80 is considered a large luxury SUV, which comes with higher costs associated with ownership.
Check out the depreciation on the Jeep Grand Wagoneer
While the 2023 Jeep Grand Wagoneer price starts at $88,640, it still has lower costs than most in the large SUV category. Kelley Blue Book found that owners can expect to pay $39,429 in out-of-pocket expenses over five years. Fuel was another high cost at an estimated $14,253.
|Total Out of Pocket Expenses||$39,429|
|Depreciation (Loss in Value)||$47,697|
|Five-Year Cost to Own||$87,126|
Unfortunately, the 2023 Grand Wagoneer saw a depreciation of $47,697 in the first five years. That brought the five-year cost-to-own up to $87,126. That was still enough to land in third place out of the other large SUVs that cost less than $50,000 out of pocket in the first five years of ownership.