Jeep Cherokee Financing
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Jeep Cherokee Projected Resale Value vs Loan Balance
| Year | Resale Value | Loan Balance | Difference |
|---|---|---|---|
| 0 | $20,633 | $20,633 | $0 (0%) |
| 1 | $19,131 | $14,078 | +$5,053 (26%) |
| 2 | $16,259 | $7,205 | +$9,054 (56%) |
| 3 | $15,725 | $0 | +$15,725 (100%) |
| Loan Term | 36 Months |
| APR | 4.75% |
| Paid in Full | Dec, 2023 |
Monthly Payment
$616.08
| Total Principal | $20,633 |
| Total Interest | $1,543 |
| Total Cost of Loan | $22,176 |
Jeep Cherokee Loan Amortization
| Month | Interest | Principal | Balance |
|---|---|---|---|
| Jan, 2021 | $81.67 | $534.00 | $20,099.00 |
| Feb, 2021 | $79.56 | $537.00 | $19,562.00 |
| Mar, 2021 | $77.43 | $539.00 | $19,023.00 |
| Apr, 2021 | $75.30 | $541.00 | $18,482.00 |
| May, 2021 | $73.16 | $543.00 | $17,939.00 |
| Jun, 2021 | $71.01 | $545.00 | $17,394.00 |
This Jeep Cherokee is expected to lose $4,908 of its resale value during the 36 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.
About Our Resale Value Data and Financing Tool
We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The depreciation tables, charts, resulting residual values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.
CarEdge.com does NOT offer auto financing, or are we affiliated with any financing sources. We provide this information in the hope that you can make a more informed purchasing decision.
If you would like to know more about our data and process, check out our FAQ here.
