2021 Jeep Grand Cherokee Cost to Own

Total 5-Year Ownership Costs

Grand Cherokee Trackhawk

Trackhawk 4dr SUV 4WD (6.2L 8cyl S/C 8A)

True Cost to Own

$53,156*

Total Cash Price

$47,609

Grand Cherokee SUV

Laredo E 4dr SUV (3.6L 6cyl 8A)

True Cost to Own

$53,619*

Total Cash Price

$48,023

Laredo X 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$56,854*

Total Cash Price

$50,921

Laredo E 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$63,326*

Total Cash Price

$56,717

Laredo X 4dr SUV (3.6L 6cyl 8A)

True Cost to Own

$61,477*

Total Cash Price

$55,061

80th 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$55,468*

Total Cash Price

$49,679

Limited 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$46,223*

Total Cash Price

$41,399

Overland 4dr SUV (3.6L 6cyl 8A)

True Cost to Own

$65,174*

Total Cash Price

$58,373

Trailhawk 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$52,232*

Total Cash Price

$46,781

80th 4dr SUV (3.6L 6cyl 8A)

True Cost to Own

$67,948*

Total Cash Price

$60,857

Limited 4dr SUV (3.6L 6cyl 8A)

True Cost to Own

$56,392*

Total Cash Price

$50,507

Summit 4dr SUV (3.6L 6cyl 8A)

True Cost to Own

$59,165*

Total Cash Price

$52,991

High Altitude 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$63,788*

Total Cash Price

$57,131

Overland 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$47,610*

Total Cash Price

$42,641

High Altitude 4dr SUV (3.6L 6cyl 8A)

True Cost to Own

$49,459*

Total Cash Price

$44,297

Summit 4dr SUV 4WD (3.6L 6cyl 8A)

True Cost to Own

$64,712*

Total Cash Price

$57,959

Grand Cherokee SRT

SRT 4dr SUV 4WD (6.4L 8cyl 8A)

True Cost to Own

$68,410*

Total Cash Price

$61,271

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee Trackhawk Trackhawk 4dr SUV 4WD (6.2L 8cyl S/C 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$868$898$930$963$996$4,655
Maintenance$290$948$557$2,682$1,626$6,102
Repairs$0$0$252$601$881$1,734
Taxes & Fees$2,085$53$53$53$53$2,297
Financing$2,961$2,391$1,779$1,118$406$8,655
Depreciation$6,519$3,472$3,283$3,854$3,649$20,777
Fuel$1,684$1,734$1,786$1,839$1,894$8,937
True Cost to Own®$14,407$9,496$8,640$11,109$9,505$53,156

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Laredo E 4dr SUV (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$876$906$938$971$1,005$4,696
Maintenance$292$956$561$2,705$1,640$6,155
Repairs$0$0$254$607$889$1,749
Taxes & Fees$2,103$53$53$53$53$2,317
Financing$2,987$2,412$1,795$1,128$409$8,730
Depreciation$6,576$3,502$3,312$3,887$3,681$20,958
Fuel$1,698$1,749$1,801$1,855$1,911$9,014
True Cost to Own®$14,532$9,578$8,715$11,206$9,587$53,619

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Laredo X 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$929$961$995$1,030$1,065$4,979
Maintenance$310$1,014$595$2,868$1,739$6,526
Repairs$0$0$269$643$942$1,855
Taxes & Fees$2,230$57$57$57$57$2,456
Financing$3,167$2,557$1,903$1,196$434$9,257
Depreciation$6,973$3,713$3,512$4,122$3,903$22,222
Fuel$1,801$1,855$1,910$1,967$2,026$9,558
True Cost to Own®$15,409$10,156$9,241$11,882$10,166$56,854

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Laredo E 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,034$1,070$1,108$1,147$1,186$5,546
Maintenance$345$1,129$663$3,195$1,937$7,269
Repairs$0$0$300$717$1,049$2,066
Taxes & Fees$2,484$63$63$63$63$2,736
Financing$3,528$2,848$2,119$1,332$484$10,311
Depreciation$7,767$4,136$3,911$4,591$4,347$24,752
Fuel$2,006$2,066$2,128$2,191$2,256$10,646
True Cost to Own®$17,163$11,312$10,293$13,234$11,323$63,326

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Laredo X 4dr SUV (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,004$1,039$1,076$1,113$1,152$5,384
Maintenance$335$1,096$644$3,102$1,881$7,057
Repairs$0$0$291$696$1,019$2,006
Taxes & Fees$2,411$61$61$61$61$2,656
Financing$3,425$2,765$2,058$1,293$469$10,010
Depreciation$7,540$4,015$3,797$4,457$4,220$24,029
Fuel$1,947$2,006$2,065$2,127$2,191$10,335
True Cost to Own®$16,662$10,982$9,992$12,848$10,992$61,477

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV 80th 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$906$937$971$1,004$1,039$4,858
Maintenance$302$989$581$2,798$1,697$6,367
Repairs$0$0$263$628$919$1,810
Taxes & Fees$2,176$55$55$55$55$2,396
Financing$3,090$2,495$1,856$1,166$424$9,031
Depreciation$6,803$3,623$3,426$4,021$3,808$21,680
Fuel$1,757$1,810$1,864$1,919$1,976$9,325
True Cost to Own®$15,034$9,908$9,016$11,592$9,918$55,468
Ownership Costs: 5-Year Total

Depreciation

$18,067

Taxes & Fees

$1,997

Financing

$7,526

Fuel

$7,771

Insurance

$4,048

Repairs

$1,508

Maintenance

$5,306

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Limited 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$755$781$809$837$866$4,048
Maintenance$252$824$484$2,332$1,414$5,306
Repairs$0$0$219$523$766$1,508
Taxes & Fees$1,813$46$46$46$46$1,997
Financing$2,575$2,079$1,547$972$353$7,526
Depreciation$5,669$3,019$2,855$3,351$3,173$18,067
Fuel$1,464$1,508$1,553$1,599$1,647$7,771
True Cost to Own®$12,528$8,257$7,513$9,660$8,265$46,223

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Overland 4dr SUV (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,065$1,101$1,141$1,180$1,221$5,708
Maintenance$355$1,162$682$3,288$1,994$7,481
Repairs$0$0$309$737$1,080$2,126
Taxes & Fees$2,556$65$65$65$65$2,816
Financing$3,631$2,931$2,181$1,371$498$10,612
Depreciation$7,993$4,257$4,026$4,725$4,474$25,474
Fuel$2,064$2,126$2,190$2,255$2,322$10,957
True Cost to Own®$17,664$11,642$10,593$13,621$11,654$65,174

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Trailhawk 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$853$883$914$946$979$4,574
Maintenance$285$931$547$2,635$1,598$5,996
Repairs$0$0$247$591$866$1,704
Taxes & Fees$2,049$52$52$52$52$2,257
Financing$2,910$2,349$1,748$1,098$399$8,504
Depreciation$6,406$3,411$3,226$3,787$3,585$20,416
Fuel$1,654$1,704$1,755$1,807$1,861$8,781
True Cost to Own®$14,157$9,330$8,490$10,916$9,339$52,232

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV 80th 4dr SUV (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,110$1,148$1,189$1,230$1,273$5,951
Maintenance$370$1,211$711$3,428$2,079$7,800
Repairs$0$0$322$769$1,126$2,217
Taxes & Fees$2,665$68$68$68$68$2,936
Financing$3,785$3,056$2,274$1,429$519$11,063
Depreciation$8,333$4,438$4,197$4,926$4,664$26,558
Fuel$2,152$2,217$2,283$2,351$2,421$11,423
True Cost to Own®$18,416$12,138$11,044$14,200$12,150$67,948

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Limited 4dr SUV (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$921$953$987$1,021$1,057$4,939
Maintenance$307$1,005$590$2,845$1,725$6,473
Repairs$0$0$267$638$935$1,840
Taxes & Fees$2,212$56$56$56$56$2,436
Financing$3,142$2,536$1,887$1,186$431$9,182
Depreciation$6,916$3,683$3,483$4,088$3,871$22,042
Fuel$1,786$1,840$1,895$1,951$2,009$9,481
True Cost to Own®$15,284$10,074$9,166$11,785$10,083$56,392

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Summit 4dr SUV (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$966$1,000$1,036$1,071$1,108$5,181
Maintenance$323$1,055$620$2,985$1,810$6,792
Repairs$0$0$280$669$980$1,930
Taxes & Fees$2,321$59$59$59$59$2,556
Financing$3,296$2,661$1,980$1,244$452$9,633
Depreciation$7,256$3,864$3,654$4,289$4,061$23,126
Fuel$1,874$1,930$1,988$2,047$2,108$9,947
True Cost to Own®$16,036$10,569$9,617$12,365$10,579$59,165

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV High Altitude 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,042$1,078$1,116$1,155$1,195$5,586
Maintenance$348$1,137$668$3,218$1,951$7,322
Repairs$0$0$302$722$1,057$2,081
Taxes & Fees$2,502$63$63$63$63$2,756
Financing$3,553$2,869$2,135$1,341$487$10,386
Depreciation$7,823$4,166$3,940$4,624$4,379$24,932
Fuel$2,020$2,081$2,143$2,207$2,273$10,724
True Cost to Own®$17,289$11,395$10,368$13,331$11,406$63,788

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Overland 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$778$804$833$862$892$4,169
Maintenance$260$849$499$2,402$1,456$5,465
Repairs$0$0$226$539$789$1,553
Taxes & Fees$1,867$47$47$47$47$2,057
Financing$2,652$2,141$1,593$1,001$364$7,752
Depreciation$5,839$3,110$2,941$3,452$3,268$18,609
Fuel$1,508$1,553$1,600$1,647$1,696$8,004
True Cost to Own®$12,904$8,505$7,738$9,950$8,513$47,610

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV High Altitude 4dr SUV (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$808$836$866$896$927$4,331
Maintenance$270$882$518$2,495$1,513$5,677
Repairs$0$0$234$560$820$1,614
Taxes & Fees$1,940$49$49$49$49$2,137
Financing$2,755$2,225$1,655$1,040$378$8,053
Depreciation$6,066$3,230$3,055$3,586$3,395$19,332
Fuel$1,566$1,614$1,662$1,711$1,762$8,315
True Cost to Own®$13,405$8,835$8,039$10,336$8,844$49,459

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SUV Summit 4dr SUV 4WD (3.6L 6cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,057$1,093$1,133$1,172$1,212$5,667
Maintenance$353$1,154$678$3,265$1,980$7,428
Repairs$0$0$307$732$1,072$2,111
Taxes & Fees$2,538$64$64$64$64$2,796
Financing$3,605$2,911$2,166$1,361$494$10,536
Depreciation$7,937$4,227$3,997$4,691$4,442$25,294
Fuel$2,050$2,111$2,174$2,239$2,306$10,879
True Cost to Own®$17,539$11,560$10,518$13,524$11,571$64,712

Ownership Costs: 5-Year Breakdown

Selected Model:

2021 Grand Cherokee SRT SRT 4dr SUV 4WD (6.4L 8cyl 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,117$1,156$1,197$1,239$1,282$5,991
Maintenance$373$1,220$716$3,451$2,093$7,853
Repairs$0$0$324$774$1,134$2,232
Taxes & Fees$2,683$68$68$68$68$2,956
Financing$3,811$3,077$2,290$1,439$522$11,138
Depreciation$8,390$4,468$4,225$4,959$4,696$26,739
Fuel$2,167$2,232$2,298$2,367$2,438$11,501
True Cost to Own®$18,541$12,220$11,119$14,297$12,232$68,410

*Based on a 5-year estimate with 15,000 miles driven per year.

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True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.

The components of TCO® are depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, repairs and any federal tax credit that may be available. In order to estimate certain mileage-dependent costs, we assume that vehicles will be driven 15,000 miles per year. For a used vehicle, we calculate the years the vehicle has been driven using the nominal difference between the current calendar year and the vehicle's model year, and assume that it was driven 15,000 miles during each of those years.

Note that TCO® is a comparative tool, not a predictive tool — your actual five-year cost of owning a particular vehicle will vary depending on your personal circumstances, such as your driving history and the number of miles you drive.

How We Calculate True Cost to Own®

The True Cost to Own® calculations use the following set of assumptions:

  • Ownership expenses are estimated for a five-year period
  • You will drive 15,000 miles per year
  • You are financing the vehicle using traditional financing, not lease financing
  • You have an above-average credit rating for the purpose of determining your finance rate
  • You are making a 10% down payment on the vehicle at purchase
  • Your loan term is 60 months

Using proprietary formulas, we calculate the five-year costs for the seven cost categories that make up the TCO® (depreciation, insurance, financing, taxes & fees, fuel, maintenance and repairs). We also take into account any applicable federal tax credit.

Explanation of True Cost to Own® Terms

Total Cash Price

For new vehicles, the Total Cash Price displayed is the vehicle's True Market Value® (TMV®) price plus typically equipped options, destination charge, base tax and fees assessed by your state, and, if applicable, gas guzzler tax; less any widely available manufacturer-to-customer cash rebates. (However, we do not account for other types of cash rebates or incentives because of the variability of those offers and their eligibility requirements.) For used vehicles, the Total Cash Price shown is the sum of the vehicle's Private Party TMV® price in "clean" condition plus typically equipped options, and base tax and fees assessed by your state.

Depreciation

This is the amount by which the value of a vehicle declines from its purchase price to its estimated resale value. The purchase price employed is the vehicle's Total Cash Price, minus any taxes and fees included in that amount. We estimate the resale value assuming the vehicle will be in "clean" condition, will be driven 15,000 miles per year, and will be sold to a private party.

Insurance

This is the estimated average annual insurance premium in your state. The premium has been determined based on annual premium data for defined driver profiles and coverages (liability, comprehensive and collision) from a major national insurer. While this information is specific to vehicle make, model, model year and body type, your personal information is not taken into consideration and could greatly alter the actual premium quoted by an insurer. Factors that will affect your rate include your age, marital status, credit history, driving record, and the garaging address of your vehicle.

Financing

This is the interest expense on a loan in the amount of the Total Cash Price, assuming a 10% down payment and a loan term of 60 months. The interest rate used is the prevailing rate that banks and other direct automotive lenders are currently charging consumers in your geographic region who have above average credit scores.

Note: Even if you do not finance your vehicle, the inclusion of financing cost in determining True Cost to Own® is still appropriate because it reflects the estimated "opportunity cost" (i.e., the amount you may earn) if you invest the Purchase Price instead of using it to purchase the vehicle.

Taxes & Fees

This consists of the base sales (or use) taxes, license and registration fees in your state, and gas guzzler tax if applicable. These taxes and fees are often based on a percentage of the purchase price, and generally decrease as the vehicle ages and loses its value.

Note: the state sales/use tax rate that we use includes the average local and county taxes assessed in that state.

Fuel

This expense is based on the revised EPA mileage ratings, assuming consumption consists of 45% highway and 55% city driving and that the vehicle is equipped with the transmission that is standard equipment for that vehicle. Cost estimates are based on the current one-year moving average of self-service prices in your state, using regular unleaded gasoline for vehicles whose manufacturers require regular; premium unleaded gasoline for vehicles whose manufacturers recommend or require premium; or diesel fuel for diesel vehicles.

Maintenance

This is the estimated expense of the two types of maintenance: scheduled and unscheduled. Scheduled maintenance is the performance of factory-recommended items at periodic mileage and/or calendar intervals. Unscheduled maintenance includes wheel alignment and the replacement of items such as the battery, brakes, headlamps, hoses, exhaust system parts, taillight/turn signal bulbs, tires and wiper blades/inserts. Estimated tire replacement costs are supplied to Edmunds.com by The Tire Rack, Inc.

Repairs

This is the estimated expense for repairs not covered by the vehicle manufacturer's warranties over the five years from the date of purchase, assuming 15,000 miles are driven annually. We estimate this expense based on the cost of a typical "zero deductible" extended warranty for the vehicle, minus the estimated amount of that cost that consists of the warranty provider's overhead and profit.

Federal Tax Credits

This is the tax credit that is provided for under the Energy Policy Act of 2005. A tax credit is subtracted directly from the total amount of federal tax you owe. The tax credit is for electric fuel vehicles.

The credit is only available to the original purchaser of a new, qualifying vehicle, and is subject to certain "phase out" rules that we take into consideration when computing TCO®. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.


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Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2021 Jeep Grand Cherokee in Virginia is:

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