2024 Jeep Compass Cost to Own

A 2024 Jeep Compass will depreciate $16,682 after 5 years and have a 5-year residual value of $10,813. With out of pocket expenses at $31,758, the total Cost to Own of the 2024 Jeep Compass is $48,440.

Style
Miles Driven / Year
2024 Jeep Compass image
Lower Costs than Most

The 2024 Jeep Compass is in the top 11-25% for Cost to Own among all Compact SUV/Crossovers.

5-Year Cost to Own: $48,440

What Does Cost to Own Include?

Fuel
Out of Pocket Expenses $31,758
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
See more details
Depreciation
Depreciation (Loss in Value) $16,682
The car's estimated loss in value from the purchase date over 5 years.
See more details

Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

Considering a 2024 Jeep Compass?

Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 Jeep Compass photo
2024 Jeep Compass

Cost to Own: $48,440

MSRP: $27,495

Compare These Cars
2025 Buick Envista photo
2025 Buick Envista

Cost to Own: $46,008

MSRP: $25,195

2025 Chevrolet Trax photo
2025 Chevrolet Trax

Cost to Own: $47,552

MSRP: $25,895

Compare Out of Pocket Expenses

New 2024
1 of 3
Jeep Compass
New 2025
2 of 3
Buick Envista
New 2025
3 of 3
Chevrolet Trax
Total Out of Pocket Expenses
$31,758
$32,349
$32,188
Fuel
$5,460
$4,976
$4,976
Maintenance
$5,192
$5,173
$4,858
Insurance
$13,020
$14,520
$14,580
Repairs
$2,005
$1,947
$1,849
Financing
$4,052
$3,813
$3,945
State Fees
$2,029
$1,920
$1,980

Compare 5-Year Depreciation

2024 Jeep Compass
2025 Buick Envista
2025 Chevrolet Trax

5-year Cost to Own Breakdown

2024 Jeep Compass
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Fuel
$1,161
$1,101
$1,072
$1,065
$1,061
$5,460
Insurance
$2,604
$2,604
$2,604
$2,604
$2,604
$13,020
Financing
$1,397
$1,121
$829
$518
$187
$4,052
State Fees
$1,905
$31
$31
$31
$31
$2,029
Maintenance
$231
$1,167
$335
$3,228
$231
$5,192
Repairs
-
-
$463
$771
$771
$2,005
Depreciation
$9,588
$2,495
$1,746
$1,540
$1,313
$16,682
Cost To Own
$16,886
$8,519
$7,080
$9,757
$6,198
$48,440
2024 Jeep Compass Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).
5-Year Depreciation:$16,682
5-Year Out of Pocket Expenses:$31,758
5-Year Cost to Own:$48,440
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FAQs

As of July 2025 insuring a Jeep Compass 2024 will cost approximately $13,020 dollars to insure per year, or $1,085 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of July 2025 average annual maintenance costs for a Jeep Compass 2024 run about $1,038 dollars, totaling approximately $5,192 dollars over five years.

As of July 2025 average annual depreciation for a Jeep Compass 2024 runs about $3,336 dollars, totaling approximately $16,682 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Jeep Compass 2024 can be expected to depreciate around $16,682 dollars over the course of 5 years, averaging $3,336 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Jeep include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Jeep Compass 2024 run about $1,038 dollars or $5,192 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Jeep.

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