This used Jeep SUV depreciated over 32 percent. Here’s why it's a steal on CarMax.
This full-size SUV is much more affordable as a used model. Here's why it's worth consideration.
Charles Singh- The Jeep Wagoneer is a full-size family SUV that costs a pretty penny as a brand-new model.
- CarMax has several affordable used Wagoneer listings that could be great deals for some car buyers.
Depreciation is a great way for used car buyers to purchase quality vehicles at a fraction of their original prices. Many brand-new vehicles can lose over 20% of their original value in just a year or two. This creates unique buying opportunities for drivers in search of deals on popular rides.
Jeep may be best known for SUVs like the Wrangler, but its full-size SUV model is arguably even more appealing for drivers in search of a comfortable and capable family SUV. Here's why used Jeep Wagoneers can be a steal on CarMax.
You can buy a Jeep Wagoneer for under $40,000 on CarMax
Full-size SUVs are roomy, capable and often come with powerful engines. One thing they aren't is cheap. Thanks to depreciation, even some of the most expensive full-size SUV models can become attainable to the average driver after a few years and some mileage.
The 2022 Jeep Wagoneer had an original starting MSRP (manufacturer's suggested retail price) of $58,995 before taxes and fees. Today, you can score a 2022 Wagoneer on CarMax for under $40K. That's a depreciation rate of over 32% after just four years (2021 release). Furthermore, some high-mileage Wagoneer models are listed on CarMax for under $38,000.
How big is the Jeep Wagoneer?
Jeep's Wagoneer full-size SUV seats seven. It's 214.7 inches long according to Edmunds. It has an overall width of 94 inches (with mirrors). The Wagoneer has a 75.6-inch height.
As for cargo space, it has 27.4 cubic feet in the rear with seats up. With seats down, the full-size SUV has a whopping 116.7 cubic feet of cargo space. It has 8.3 inches of ground clearance (which is decent for off-roading purposes), and can tow a maximum of 10,000 pounds.
2022 Jeep Wagoneer specs and standard features
The 2022 Jeep Wagoneer uses a 5.7-liter V8 engine and an electric motor to produce 392 horsepower and 405 pound-feet of torque. It achieves 16 miles per gallon in the city and 22 miles per gallon on the highway. The Wagoneer's power output is average for its segment, and its fuel economy is slightly worse than that of key rivals.
2022 Jeep Wagoneer standard features
- Blind-spot warning
- Front/rear parking sensors
- Heated leatherette steering wheel
- Tire pressure monitoring
- Hands-free entry
Jeep's 2022 Wagoneer also features standard heated side mirrors (with turn signals), cruise control and a four-wheel independent suspension. Many of its standard features make the full-size SUV safer and more comfortable to drive.
Should you buy a used Jeep Wagoneer?
U.S. News & World Report praises the 2022 Jeep Wagoneer for its "powerful V8 engine, smooth ride, spacious interior, and plenty of standard features." Jeep's full-size SUV is easily among the best in its segment based on reviews and rankings.
If you're in the market for a value-packed family SUV, a gently used (under 50K miles) Wagoneer is worth considering for under $40,000. Upper trim levels with more standard features within this price range provide even more value for the money. A brand-new 2025 Jeep Wagoneer will run you $59,945 before taxes and fees, so this is one full-size SUV that really shines as a used model.