You're correct in thinking the Mercedes would cost more to service and repair, particularly if you use a dealer. Going to an independent service mechanic with experience of Mercedes-Benz cars would save you plenty. The Jeep would be the cheaper of the two in terms of servicing, and of the two you are looking at that's the one I would opt for.
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The V8 in the SRT8 sounds great but the core quality is no match for a Mercedes. If you like driving, the new GLE 63 would be my pick.
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The Mercedes-Benz M-Class 2015 prices range from $16,940 for the basic trim level SUV Cdi Bluetec (4X4) to $43,010 for the top of the range SUV AMG.