Depreciation
The depreciation graph and accompanying table on our page detail how the 2002 JEEP GRAND CHEROKEE's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2002 JEEP GRAND CHEROKEE in 2002 was $42,375.
The average price for used 2002 JEEP GRAND CHEROKEE nowadays in 2024 is $4,995 which is 12% from the original price.
Estimated mileage driven per year is 10,024 miles.
The graph below is a depreciation curve for 2002 JEEP GRAND CHEROKEE. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2002 JEEP GRAND CHEROKEE in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2002 MSRP | 0 mi | $42,375 | — | — | 100% | 0% |
| 2002 | 10,024 mi | $47,000 | −$4,625 | −10.91% | 110.91% | -10.91% |
| 2003 | 20,048 mi | $40,224 | +$6,776 | +14.42% | 94.92% | 5.08% |
| 2004 | 30,072 mi | $36,995 | +$3,229 | +8.03% | 87.3% | 12.7% |
| 2005 | 40,096 mi | $29,991 | +$7,004 | +18.93% | 70.78% | 29.22% |
| 2006 | 50,120 mi | $27,900 | +$2,091 | +6.97% | 65.84% | 34.16% |
| 2007 | 60,144 mi | $24,898 | +$3,002 | +10.76% | 58.76% | 41.24% |
| 2008 | 70,168 mi | $22,000 | +$2,898 | +11.64% | 51.92% | 48.08% |
| 2009 | 80,192 mi | $19,891 | +$2,109 | +9.59% | 46.94% | 53.06% |
| 2010 | 90,216 mi | $18,491 | +$1,400 | +7.04% | 43.64% | 56.36% |
| 2011 | 100,240 mi | $16,495 | +$1,996 | +10.79% | 38.93% | 61.07% |
| 2012 | 110,264 mi | $14,989 | +$1,506 | +9.13% | 35.37% | 64.63% |
| 2013 | 120,288 mi | $12,973 | +$2,016 | +13.45% | 30.61% | 69.39% |
| 2014 | 130,312 mi | $11,895 | +$1,078 | +8.31% | 28.07% | 71.93% |
| 2015 | 140,336 mi | $10,701 | +$1,194 | +10.04% | 25.25% | 74.75% |
| 2016 | 150,360 mi | $8,000 | +$2,701 | +25.24% | 18.88% | 81.12% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the JEEP GRAND CHEROKEE’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2002 JEEP GRAND CHEROKEE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2002 JEEP GRAND CHEROKEE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 50,000 mi | $7,577 | 10 sales |
| 60,000 mi | $9,000 | 11 sales |
| 65,000 mi | $8,590 | 33 sales |
| 70,000 mi | $6,995 | 37 sales |
| 75,000 mi | $7,973 | 26 sales |
| 80,000 mi | $7,994 | 34 sales |
| 85,000 mi | $6,500 | 67 sales |
| 90,000 mi | $6,500 | 73 sales |
| 95,000 mi | $5,995 | 54 sales |
| 100,000 mi | $5,500 | 55 sales |
| 105,000 mi | $5,990 | 75 sales |
| 110,000 mi | $5,999 | 66 sales |
| 115,000 mi | $5,957 | 77 sales |
| 120,000 mi | $5,000 | 59 sales |
| 125,000 mi | $6,089 | 111 sales |
| 130,000 mi | $5,584 | 111 sales |
| 135,000 mi | $5,495 | 129 sales |
| 140,000 mi | $4,985 | 109 sales |
| 145,000 mi | $5,000 | 102 sales |
| 150,000 mi | $4,973 | 126 sales |
| 155,000 mi | $4,925 | 106 sales |
| 160,000 mi | $4,990 | 129 sales |
| 165,000 mi | $4,490 | 149 sales |
| 170,000 mi | $4,100 | 121 sales |
| 175,000 mi | $4,087 | 112 sales |
| 180,000 mi | $4,498 | 88 sales |
| 185,000 mi | $4,500 | 94 sales |
| 190,000 mi | $3,999 | 93 sales |
| 195,000 mi | $3,989 | 78 sales |
| 200,000 mi | $3,500 | 74 sales |
| 205,000 mi | $4,000 | 54 sales |
| 210,000 mi | $3,500 | 38 sales |
| 215,000 mi | $4,755 | 46 sales |
| 220,000 mi | $3,988 | 36 sales |
| 225,000 mi | $3,995 | 21 sales |
| 230,000 mi | $3,048 | 36 sales |
| 235,000 mi | $4,499 | 28 sales |
| 240,000 mi | $3,300 | 11 sales |
| 245,000 mi | $3,000 | 21 sales |
| 250,000 mi | $2,959 | 14 sales |
| 260,000 mi | $3,499 | 19 sales |
| 265,000 mi | $2,989 | 12 sales |
Frequently asked questions
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Depreciation directly affects the resale value of a 2002 JEEP GRAND CHEROKEE, with faster depreciating vehicles typically having lower resale values over time.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
Other years of JEEP GRAND CHEROKEE
2008 JEEP GRAND CHEROKEE
$7,351 average used price
14,600+ sales records
2012 JEEP GRAND CHEROKEE
$11,895 average used price
69,000+ sales records
2013 JEEP GRAND CHEROKEE
$12,973 average used price
48,200+ sales records
2014 JEEP GRAND CHEROKEE
$14,989 average used price
161,500+ sales records
2019 JEEP GRAND CHEROKEE
$24,898 average used price
228,100+ sales records
2023 JEEP GRAND CHEROKEE
$40,224 average used price
5,900+ sales records
Similar Models
1999 JEEP CHEROKEE
$24,500 MSRP
$6,950 average used price
2,800+ sales records
2002 JEEP WRANGLER
$52,795 MSRP
$11,000 average used price
7,400+ sales records
2002 JEEP LIBERTY
$9,000 MSRP
$4,950 average used price
5,700+ sales records
2004 JEEP CHEROKEE
$24,500 MSRP
60+ sales records
2004 JEEP WRANGLER
$52,795 MSRP
$13,498 average used price
15,300+ sales records
2005 JEEP CHEROKEE
$24,500 MSRP
20+ sales records
