The Tacoma holds its value incredibly well over time. In fact, some used Tacomas have sold for more than their original MSRP in recent years. An SUV depreciates even more slowly than others, and it’s American.
This American SUV depreciates less than a Toyota Tacoma in five years
The Toyota Tacoma is one of the most reliable vehicles on the market. It’s built to last, so it depreciates very slowly compared to most other vehicles. There is also a Taco that has . Toyota makes vehicles that are easily capable of lasting 14+ years. The average new vehicle ownership period is only around 8.4 years.
, the Jeep Wrangler depreciates the least of all vehicles with the lowest five-year depreciation rate. The American-built Wrangler is an off-road SUV that comes in many different trims and configurations.
How much does a Jeep Wrangler depreciate in five years?
A study conducted by iSeeCars.com concluded that Jeep Wrangler small SUVs have an average five-year depreciation rate of 7.3 percent or 2,361. The Tacoma has a five-year average depreciation rate of 14.9% or $5,926.
So, based on the study, a new 2023 Jeep Wrangler will still hold 92.7 percent of its value after five years of ownership (assuming it’s well maintained). The Wrangler has incredible resale value for drivers looking to own it for five years or less. The question is, why do consumers buy Jeep Wranglers and are they worth owning for five years?
Should You Get a 2023 Jeep Wrangler?
It starts at $31,195. It uses a 3.6-liter V6 to produce 285 horsepower and 260 lb-ft of torque. The little SUV gets 22 miles per gallon in the city and 24 miles per gallon on the highway.
The Wrangler is known for its off-road capabilities, distinct exterior design language and customization. It is considered one of the best all-terrain vehicles ever created. The Wrangler is built for adventure, so it’s best suited to drivers who want to tackle gnarly trails and terrain on a regular basis. If you’re looking for a daily driver for a regular commute, this probably isn’t the small SUV for you.
The Jeep Wrangler is ideal for off-road enthusiasts and people who enjoy exploring the great outdoors in their vehicles. That said, it has its fair share of reliability issues.
Is the Jeep Wrangler a reliable SUV?
The Jeep Wrangler may hold its value well, but is it reliable? Consumer Reports gave older model years Wrangler terrible reliability scores. This is partly because Wrangler owners tend to experience problems with the small SUV that range from annoying to downright dangerous.
Some Wrangler owners have complained about a “death swing” on the 2018 Jeep Wrangler at CarComplaints.com. A death sway is when a vehicle sways uncontrollably from side to side.
Recent Wrangler model years have fewer complaints registered on the website, but that doesn’t mean the small SUV is out of the woods. The Jeep Wrangler is a great small SUV for drivers looking to take the road less travelled, but this isn’t the best small SUV for the average American.