2023 Jeep Grand Cherokee SummitTrue Cost of Ownership in Canada
357 hp V8. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$76K
Base: $68K
Annual Total
$21K
Insurance + fuel + maintenance
Import Duty
$4K
6.1% of base price
VAT
$4K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$182K
Purchase + 5yr running costs
2023 Jeep Grand Cherokee Summit — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $68K |
| Import Duty (6.1%) | $4K |
| VAT / Sales Tax (5%) | $4K |
| Total Purchase Price | $76K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $3K |
| Annual Depreciation | $14K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $21K |
| 5-Year Total Cost of Ownership | $182K |
| Cost Per Kilometer | $1.414 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Jeep Grand Cherokee Summit Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,980
USD equivalent
Monthly Fuel Cost
$165
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$13.20
11L × C$1.20
Jeep Grand Cherokee Summit Depreciation Curve
The Jeep Grand Cherokee Summit loses approximately $33K (49%) of its value over 5 years.
Year-by-Year Value
| New | $68K | 100% |
| Year 1 | $54K | 80% |
| Year 2 | $48K | 70% |
| Year 3 | $42K | 62% |
| Year 4 | $38K | 56% |
| Year 5 | $35K | 51% |
Depreciation based on suv segment averages.
Jeep Grand Cherokee Summit vs. Competitors in Canada
How does the Jeep Grand Cherokee Summit compare to similar cars available in Canada?
Jeep
Grand Cherokee Summit
Base Price
$68K
Annual Cost in Canada
$21K
Toyota
RAV4
Base Price
$32K
Annual Cost in Canada
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Canada
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Canada
$7K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Expensive for Canada
Annual car costs = 44% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Jeep Grand Cherokee Summit in Canada — Frequently Asked Questions
Common questions about owning a Jeep Grand Cherokee Summit in Canada.
The 2023 Jeep Grand Cherokee Summit has a base price of $68,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $75,755 USD (C$75,755 CAD).
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Jeep Grand Cherokee Summit in Other Countries
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