It makes sense that larger 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’s Blue Book He did the math and found that the 2022 Jeep Wagoneer cost about $34,778 out-of-pocket in the first five years. The price estimates the cost of fuel at more than 15,000 annual miles. Maintenance includes oil changes and other items to keep your large SUV in good shape.
Insurance is the average cost to insure the vehicle in your state (with collision and liability), and repairs are based on an extended warranty with no deductible. 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.
|Depreciation (loss of value)||$37,238|
|Five Year Cost of Ownership||$72,016|
Depreciation is one of the most significant costs the 2022 Jeep Wagoneer incurs in the first five years, with an estimated cost of $37,238. Total out-of-pocket expenses were just under $34,778. While it’s still pretty tall, it was good enough to take the top spot among 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’re considering getting into the 2023 Infiniti QX80, it starts at $72,700 and has a lot to offer buyers. The cost of fuel was high, but Kelley Blue Book found that total out-of-pocket costs for the Infiniti SUV came to $36,060. Depreciation was also a big factor, coming in at $45,815 over five years. That brought the five-year cost of ownership to $81,875.
|Depreciation (loss of value)||$45,815|
|Five Year Cost of Ownership||$81,875|
The Infinity QX80 is considered a large luxury SUV, which has higher costs associated with ownership.
Take a look at the depreciation of the Jeep Grand Wagoneer
While pricing for the 2023 Jeep Grand Wagoneer starts at $88,640, it still commands lower costs than most in the large SUV category. Kelley Blue Book found that homeowners can expect to pay $39,429 in out-of-pocket costs over five years. Fuel was another high cost with an estimated $14,253.
|Depreciation (loss of value)||$47,697|
|Five Year Cost of Ownership||$87,126|
Unfortunately, the 2023 Grand Wagoneer experienced a depreciation of $47,697 in the first five years. That brought the five-year cost of ownership to $87,126. That was enough to rank third among other large SUVs that cost less than $50,000 out-of-pocket in the first five years of ownership.