Surprise, the Jeep Gladiator is the best value midsize truck. This is a bit surprising because the Gladiator is fighting a below-average reliability rating. So let’s see why used Jeep Gladiator models have more merit.
Pre-Owned Jeep Gladiator Models Have the Most Value
Buying a used Jeep Gladiator can be a good idea. According to vencentric, the Jeep Gladiator has the best Certified Pre-Owned (CPO) value in America. It claimed the top spot in its segment, but what exactly does this mean?
Each year, Vencentric performs a model-level cost of ownership analysis to determine the best CPO value in the United States. Eight different costs of ownership are taken into account, including depreciation, taxes/fees, insurance, maintenance, opportunity costs, fuel, and repairs.
Winners are measured on a statistical model that measures which vehicles cost less than expected based on their segment and price. Each state is taken into account, along with the annual mileage intervals.
David Wuster, vice president of Vincentric, explained that the Jeep Gladiator offers the best value in its class because it offers total costs of ownership that are significantly lower than expected for its segment.
Is the Gladiator expensive to maintain?
Stats for used Jeep Gladiator models can be a bit different. However, the Gladiator could require $11,803 for maintenance and repairs during its first 10 years of service. This is approximately $1,482 more than the industry average.
Additionally, there is a 35.84 percent chance that the Gladiator will require a major repair during that time. That’s about 14.34 percent worse than average. But we did mention that the Gladiator doesn’t have the best reliability rating.
It earned a reliability score of 21 out of 100 for Consumer Reports. But it scores better than the Chevy Silverado and Ford F-150 Hybrid.
The Gladiator should be able to hit 200,000 miles and provide 14 years of road service if you drive 13,000 to 15,000 miles a year. A used Jeep Gladiator is not considered to have high mileage until it exceeds 100,000 miles.
According to Car Edge, the average cost of Jeep Gladiator insurance is $1,893 per year. This comes to around $9465 after five years of ownership. But your personal record and purchases could lead to lower rates.
Does the Gladiator have a good resale value?
Used Jeep Gladiator models sell like hot cakes at a pretty good price. A Gladiator is expected to depreciate about 22 percent after five years of ownership. It should have a resale value of around $41,446.
The Gladiator is currently on the list of the top ten vehicles with the best resale value. The Gladiator Sport is considered the best option to maintain value.
The resale value could be high because the Jeep Gladiator is a popular truck. New and used models are difficult to keep in stock.
In addition, the Gladiaotr is a strong and durable off-road machine. It is well equipped to tackle adventures with the whole family. It has a solid shaft that enhances its ability and can take a beating.
Despite not having the best reliability rating, used Jeep Gladiator models still have a lot of value. In fact, it has the best CPO rating!