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Jeep Cherokee Loan Calculator

Our Loan Calculator display shows you how your Jeep Cherokee loan balance compares to the ongoing value of your vehicle. With financing, each monthly payment will reduce the balance of your loan. Unfortunately, during this same period, your vehicle's resale value will decline as well. The purpose of this tool is to show you how you can finance your Cherokee to ensure that your loan balance declines faster than the value of your vehicle.

With your results below, the goal is to have the shaded area be entirely green. This likely means that the value of your vehicle will always be greater than your loan balance. If you see yellow or red, your loan balance at some point will be at or above the value of your vehicle. You want to avoid this as we describe here. For the best financial outcome, adjust your loan terms, or choose a vehicle that doesn't depreciate as rapidly. We've also created a video that explains these scenarios and demonstrates the loan calculator.

Jeep Cherokee Loan Calculator

Vehicle Price
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Interest Rate
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Model Year
Expected Annual Mileage
tip: Update the price if you change the model year.      reset this form
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Projected Resale Value
Loan Balance Exceeds Resale Value
Loan Balance Near Resale Value
Loan Balance Below Resale Value

Jeep Cherokee Projected Resale Value vs Loan Balance

Year Resale Value Loan Balance Difference
0 $38,860 $31,088 +$7,772 (20%)
1 $32,409 $26,502 +$5,907 (18%)
2 $32,079 $21,692 +$10,387 (32%)
3 $30,948 $16,650 +$14,298 (46%)
4 $28,088 $11,361 +$16,727 (60%)
5 $24,451 $5,817 +$18,634 (76%)
6 $21,377 $0 +$21,377 (100%)

Jeep Cherokee Monthly Payment

Loan Term 72 Months
APR 4.75%
Paid in Full Sep, 2029
$497.07
Total Principal $31,088
Total Interest $4,702
Total Cost of Loan $35,790
$497.07
Loan Term 72 Months
APR 4.75%
Paid in Full Sep, 2029
Total Principal $31,088
Total Interest $4,702
Total Cost of Loan $35,790

Jeep Cherokee Loan Amortization

Month Interest Principal Balance
Oct, 2023 $123.06 $374.00 $30,714.00
Nov, 2023 $121.58 $375.00 $30,339.00
Dec, 2023 $120.09 $377.00 $29,962.00
Jan, 2024 $118.60 $378.00 $29,584.00
Mar, 2024 $117.10 $380.00 $29,204.00
Mar, 2024 $115.60 $381.00 $28,823.00

This Jeep Cherokee is expected to lose $17,483 of its resale value during the 72 months of this loan. Check out our Jeep Cherokee Depreciation Calculator for a detailed analysis of the Cherokee's past and expected future depreciation. This user-friendly tool allows you to interactively see how well the Cherokee has, and will continue to, hold its value, during your specific ownership period. It will even suggest to you the best Cherokee model years to buy to get the best value.

Other Jeep Cherokee Costs of Ownership


Finding a car or truck that saves on financing costs is important. But, it's also imperative to view all major Jeep Cherokee costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses:

Used Jeep Cherokees For Sale

2017 Jeep Cherokee Trailhawk

2017 Jeep Cherokee Trailhawk

Mileage: 35,082
Mileage: 35,082     Price: $24,900
Location: Sunnyvale, CA ~ 3 miles away
Dealer: Sunnyvale Chrysler Dodge Jeep Ram
Days on Market: 113

$24,900


2016 Jeep Cherokee Latitude

2016 Jeep Cherokee Latitude

Mileage: 91,047
Mileage: 91,047     Price: $14,444
Location: Sunnyvale, CA ~ 3 miles away
Dealer: Toyota Sunnyvale
Days on Market: 40
Colors (ext/int): Brilliant Black Crystal Pearlcoat / Black

$14,444


2017 Jeep Cherokee Sport

2017 Jeep Cherokee Sport

Mileage: 34,152
Mileage: 34,152     Price: $99,500
Location: Santa Clara, CA ~ 7 miles away
Dealer: Supreme Motors
Days on Market: 2,133

$99,500