Jeeps are known for their durability and longevity, which is why their depreciation rate is lower than most other vehicles. On average, a Jeep will lose around 20% of its value in the first year, 15% in the second year, and 10% in the third year. After that, the depreciation rate slows down significantly, so a Jeep will only lose around 5% of its value each year. This makes them a wise investment for anyone looking for a reliable vehicle that will retain its value over time.
What is the Jeep depreciation rate?
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