2023 Jeep Cherokee

$37,695 - $41,295

MSRP

Unlock

Invoice Price

B-
CarEdge Value Rating

2023 Jeep Cherokee Overview

The Jeep Cherokee is a compact SUV with strong off-road ability and modern tech. It offers engines like a V6 or turbocharged 2.0L, plus four-wheel drive for tough terrain. It’s practical for daily driving and ready for outdoor adventures.

2023 Jeep Cherokee Prices

Jeep Cherokee Trim MSRP Invoice Price
2023 Jeep Cherokee Altitude Lux 4x4 $37,695
2023 Jeep Cherokee Trailhawk 4x4 $41,295

2023 Jeep Cherokee Specs

Trim

2023 Jeep Cherokee Warranty

The Jeep warranty offers 36 month/36,000 miles limited coverage and 60 month/60,000 miles powertrain protection, ensuring your vehicle is safeguarded against defects in materials and workmanship.

Manufacturer Warranty

Basic warranty:

36 month/36,000 miles

Corrosion perforation warranty:

60 month/unlimited

Maintenance warranty:

36 month/unlimited

Powertrain warranty:

60 month/100,000 miles (FLT)

Powertrain warranty:

60 month/60,000 miles

Roadside warranty:

60 month/60,000 miles

An extended warranty is strongly recommended.

$3,282

Cost of maintenance/repair in the first five years.

This is less than the industry average for popular SUV models by $10,607.

Learn more

7%

Chance that this car will need a major repair in its first five years.

This is 31% better than similar vehicles in this segment.

Learn more

Warranty Score:

Jeep Cherokee

warranty-score

The lower your score, the more likely you are to use a warranty within the first 10 years of your car’s life. An extended warranty is strongly recommended.

This value is determined by the cost of maintenance and the likelihood of repair values.

Get Quote

2023 Jeep Cherokee Costs of Ownership

The average cost of owning an Jeep Cherokee for 5 years is $48,430. This will vary per trim level, driving habits and region. See how these ownership costs compare to each other below. Click on any of the categories to see a complete breakdown of each cost.



CarEdge Insights
Unlock the secrets to smarter car buying.
Now includes dealer invoice pricing.
Get CarEdge's tool kit for expert negotiations and insider data so you can make your next car purchase with confidence and clarity.
Dealer Invoice Price
Total For Sale & Total Sold
Market Days Supply
And more!
Unlock the secrets to smarter car buying.
Now includes dealer invoice pricing.
Get CarEdge's tool kit for expert negotiations and insider data so you can make your next car purchase with confidence and clarity.
Dealer Invoice Price
Market Days Supply
Total For Sale & Total Sold
And more!
FAQs about the Jeep Cherokee
The Jeep Cherokee will hold 57% of it's value after 5 years. This ranks 63rd among popular vehicles in our last study. Use our Jeep Cherokee Depreciation Calculator to learn more about its residual value.
Maintaining a Jeep Cherokee will cost $656 per year on average through the first 5 years of new ownership. Costs and probability of repair increase over time. Click here to see more details on Jeep Cherokee maintenance costs and schedule.
Auto insurance for the Jeep Cherokee will cost about $2,073 per year. There are many factors that influence insurance rates. Click here to see how each of these impacts Jeep Cherokee insurance costs.
The Jeep Cherokee gets a combined 24 MPG. Milage will vary between trim levels and driving conditions. See the fuel economy for all engines along with other related costs of ownership here.
The invoice price is roughly what dealers pay for the vehicle and will help when negotiating. Unlock the Jeep Cherokee invoice price and much more with our Insights tool.

Jeep Cherokee Video Review


More Jeep Models