Does Jeep Compass Have Good Resale Value? (Must Read)
Some vehicles hold their values even after some years, others do not, and others go the extra mile to everyone’s surprise; how such vehicles manage to have good resale values.
Depreciation is what we cannot avoid even if we feel bad about it; we might only prevent it for a short period.
Jeep Compass will depreciate a great deal after 5years. It will reduce by 47 – 48% and have an average resale value of $12,930 – 13,190 after those years. It doesn’t have a good resale value.
Do Jeep Compass Hold Their Value?
Jeep Compass does not really hold its value, despite its reliability and the convenience they offer.
In an attempt to know the resale value of vehicles, renowned financial institutions and insurance companies have done enough research on automotive.
The research has birthed the method of predicting the depreciation of every car brand and model in the automobile market.
By using this sophisticated method to track down the vehicle’s depreciation rate, we now can use an already depreciated model of any vehicle, says Jeep, to predict its depreciation rate.
But unfortunately, Jeep, unlike its contemporaries, does not hold its value.
However, no Jeep brands are ever underrated or disregarded since they are reliable and convenient for all a user cares. So don’t get it twisted.
One of the Jeep models: the Jeep Wrangler, ranks the 10th position out of 20 contestants in the U.S for brand value retention.
The Jeep Wrangler remains an outstanding brand of all Jeep models. One would wonder whether or not Jeep channeled its whole energy in the production of the Wrangler.
Nevertheless, the Wrangler retains its value; it has a better resale value than the others.
No matter how strong a car is, it must surely go awry. Cars with a lesser depreciation rate retain their value and have better resale value.
Some used cars are more expensive than other new brands because of the value in the market owing to the high demand for them or the enticing strength of the car.
Why Does The Jeep Compass Not Hold Its Value?
Engine and electrical problems form major parts of why the Jeep doesn’t hold its resale value. Unfortunately, these problems are common in the 2018 model.
Some car owners’ major challenge with the vehicle is its high oil consumption due to the low-power 2.4L engine.
The Jeep Compass does not have an excellent record on reliability even though it is second to the Jeep Wrangler, which proves to be quite outstanding among the others.
Several surveys do not count the Jeep Compass being among the top ranks.
With all of these, there’s another less technical yet important reason: the Jeep Holding Company’s attitude.
Their responses to the publicized complaints issued by most users undeniably prove the user’s insecurity and thus results in the devaluing.
The Jeep Compass is relatively an average vehicle. You might never know until you discover why it doesn’t hold its value.
Only a few persons, after having been fully aware of the challenges of the Compass, will still go for it. The few people who do that are determined to take the risk, if there’s any.
There are some major challenges identified as the cause of the reduction in the value of the Jeep Compass. These include
#1. The 2.4L Tigershark Engine’s Excessive Oil Consumption
The high oil consumption of the Jeep Compass’ 2.4 gasoline engine sure is a headache to owners.
For users who could squeeze many miles with few liters of fuel, they might not have any of such opportunities, especially when the vehicle ages.
Here’s how it affects it, the Jeep Compass engine possesses an engine capacity of about 5.5 quarts.
Like other car engines, the oil passes through a certain channel where it burns, causes smoking, and releases toxic substances. But in the 2.4L engine, the reaction is more rapid.
#2. Jeep 2.4L Engine Emission Violations
It is no longer news that the emissions from combustion are toxic to living things.
So it might surprise you to know that the Jeep Compass engine emission violations have not had any remedy yet.
However, the Environmental Protection Agency (EPA) is determined to uncover corrective measures.
#3. Water Leakage
The 2007 to 2016 Jeep Compass models had something disappointing in common. Most owners complained thoroughly about a serious water leak into the car.
The alleged water leak was said to have been improved upon, but there was no permanent solution to the problem. Hence, complaints kept arising.
Many Jeep models, especially the first-generation Jeep Compass, have a common challenge with their electrical systems – The Integrated Power Module.
Jeep Compass Depreciation Rate?
The Jeep Compass is most likely to depreciate by 47 – 48% percent after 5years.
The forecasted depreciation rate affects changes in the vehicle’s value as the Compass resale value doesn’t amount to half the initial price.
The resale value is dependent on the seller’s choice and ranges from $12,930 – 13, 190 after five years.
Therefore, to get the best resale value, you may need to try various sources.
However, bear in mind that Jeep dealerships are ever ready to give you a good evaluation, trade-in offers, or even buy back your Jeep.
Still, your Jeep resale value increases relative to how well you take care of it.
Is Jeep Compass A Good Purchase?
In truth, the Jeep Compass is not what one can call the best car in terms of reliability; however, it is still a decent vehicle.
In addition, the Jeep Compass offers interesting features that could win your heart. For example, it enhances user-friend infotainment controls.
The Jeep Compass is not particularly a bad purchase; while this may be true, the Jeep Compass falls below a good purchase.
It can be considered an average vehicle even though it ranks second after Wrangler on the list of reliable Jeep SUVs.
It is rather analytic than sentimental to have considered the Compass as such.
The Jeep Compass aroused complaints from many users, environmental managers, and toxicologists who do not approve of certain hazards identified with it, like the emissions from the Jeep Compass Petrol.
How Long Will A Jeep Compass Last?
The Jeep Compass, if maintained properly without accidents resulting in major changes in the vehicle, will last up to 200,000 miles which is roughly 15 years.
The calculation assumes that a car owner moves 10,000 to 20,000 miles every year.
The durability or longevity of a car depends solely on your car’s interaction with your environment.
For example, when you live in a city, the longevity of your car, whether you like it or not, will surely supersede the one inside a typical village with horrible roads.
By all standards, 15 years isn’t a bad age. Besides that, this is not to say it must break down after 15 years.
It only means to tell you that if you use your Compass for 15 years, you should not be surprised even if it knocks down. How Much Does It Cost To Modify A Jeep Wrangler?
Conclusion
Vehicles depreciate significantly as years go by; therefore, it will be ridiculous to think the Jeep Compass will remain as new as it was.
As for the Compass, other than the little reliability and security features it is known for, it will be unwise for someone to go for a CPO Compass.
