Jeep Renegade T270 Longitude 2024 - Recently a Renegade owner asked whether selling a nearly new Renegade to buy a Geely EX2 electric makes financial sense; the choice pivots between immediate fuel savings and the risk of much faster depreciation.
- In short: Switching can deliver roughly R$8,000/year in operating savings, but the Geely EX2 may lose value far faster than the Renegade.
Weighing immediate savings against resale risk
The core trade-off is simple: lower cost per km versus uncertain used‑car demand and steeper depreciation for early EV models. Typical SUV depreciation patterns are about 15–18% in year one and 8–10% in year two; small electric arrivals like the EX2 have shown larger initial drops in some markets. See Kelley Blue Book for broader resale trends.
For the numbers in this case: if the Renegade would sell near R$125,000 and a new EX2 Max is around R$136,000 (or R$125–130k used), the owner gains immediate fuel and maintenance savings but also accepts an EV with uncertain resale behavior.
"Switching now only makes sense if you drive above 20,000 km per year."
Context, payback and practical advice
Using the article's estimates: city consumption ~9 km/l for the Renegade and ~6 km/kWh for the EX2; at gasoline R$6.30/l and electricity R$1.25/kWh the Renegade costs ~R$0.70/km and the EX2 ~R$0.21/km. At 15,000 km/year that is R$10,500 fuel vs R$3,150 energy — ~R$7,350 saved plus ~R$500 lower maintenance, ≈R$8,000/year.
That means an R$11,000 price gap (R$136k new EX2 minus R$125k Renegade) would be recovered in roughly 1.4 years (~16–17 months) purely from operating savings — but only if you can reliably recharge at home or work and accept ~280 km real autonomy. If you drive less than ~12,000 km/year or value strong resale, holding the Renegade and waiting 12–18 months is more rational as the EV market in Brazil matures and used prices stabilize.
What do you think? Would you trade a Renegade for an EX2 now, given the faster depreciation risk? For more practical comparisons and guides, check out our Auto section.