If you own a Jeep, you know that there are many ways to sink plenty of money into your rig. Modifications are endless and if you get bitten by the bug, you’re probably screwed.
Screwed in a good way for your Jeep, but a bad way for your wallet. Jeep ownership is about self control and patience, unless you’ve got money to burn and you want the best ride in your City, fast!
Putting the modifications aside, Jeeps are fairly similar to any other new car.
Your warranty will cover defects, so in the unlikely event you have one (yes, unlikely!), you won’t have any issues.
I’m sure plenty of you have had issues here and there with your Jeep but that’s all part of the fun right?
The major cost of Jeep ownership is gas. Yep, the 15-16 MPG around town will hit your wallet hard. If you’re lucky you might hit 18-19 MPG on the highway which helps but Jeeps are unique and you’ll learn to live with the constant filling up at the gas station.
We bet a few of you have become good friends with the guys at your local gas station, you probably joke about the amount of time you spend there?
Rumour has it that a petrol engined Wrangler actually uses more fuel than a Ferrari California!
Here’s a breakdown of what Jeep ownership looks like…
- Fuel Consumption
Jeeps aren’t cheap to drive, the most economical Wrangler (the three door diesel) returns just 34.9mpg and emits 213/km of CO2. The average MPG of 146 Wranglers based on 4,823 fuel ups in 2016 was 16.5 (source: fuelly.com).
Average annual fuel cost: $3,230
Running costs are high, especially for the Wrangler, it makes total sense if you’re going to use it off-road regularly. However servicing is going to set you back a few bucks, you’ll need a yearly service for your Jeep, with full advice provided in the owners manual to address specific mileage requirements.
Average annual service cost: $300
The Jeep Wrangler Sport has a national average cost of $1,134 a year according to insure.com. However insurance costs vary widely by state. In Illinois for example, the Jeep Wrangler Sport costs an average of $899 a year, the same buyer would pay $2,027 in Michigan!
Average annual insurance cost: $1,134
If you love taking your pride & joy off-roading then you’ll have to factor in parts to your annual calculation of running costs and general up-keep. For the purpose of this we’ll keep parts out of it, depending on who you are these could run into the thousands.
Average annual running cost: $4,664
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