Patriot, Wrangler Unlimited Represent Jeep in 2015 5-Year Cost to Own Awards
Further solidifying Jeep’s value in the industry, the 2015 Jeep Patriot and 2015 Jeep Wrangler Unlimited took home 5-Year Cost to Own Awards from Kelley Blue Book (KBB) this year. This marks the third consecutive year that the Jeep Patriot has been named in the Compact SUV/Crossover segment; the Wrangler Unlimited earned its honor in the Mid-Size SUV/Crossover category.
“Winning these two significant awards from Kelley Blue Book is a tremendous honor and significant achievement for the Jeep Brand, and particularly for the 2015 Jeep Patriot and Jeep Wrangler Unlimited,” said Mike Manley, President and CEO of the Jeep Brand. “The awards reinforce the exceptional value that Jeep vehicles deliver to customers throughout their ownership experience.”
The 5-Year Cost to Own Awards from KBB signify the vehicle in each segment that carries the lowest projected ownership costs over five years. These costs are determined using KBB’s own 5-Year Cost to Own data, which is generated for all new vehicles on the market.
But how does KBB generate that data? The experts factor in a number of different figures, including depreciation (the big one), anticipated fuel costs, maintenance and repair fees, finance and insurance costs, and state fees for the new models.
KBB executive editorial director and executive market analyst, Jack R. Nerad, said that the Patriot has a “careful eye on value” and is “one of the least expensive sport/utilities, period.” Nerad also had strong words for the Wrangler Unlimited: “Wherever you fall, the 2015 Jeep Wrangler Unlimited has something for you without draining the bank account.”