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2016 Jeep Cherokee Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback

Price terms Used:
MSRP What is MSRP? Invoice Price What is Dealer Invoice Price? Destination Fee Whatis the Destination Fee? Holdback What is Holdback? Dealer Cost What is Dealer Cost?
Note: The Jeep Cherokee price report below does not include rebates or incentives.
View Jeep Rebates and Incentives.

2016 Cherokee Sport 4 door FWD w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 22 MPG - Highway 31 MPG)
MSRP
$23,495
Invoice Price
$23,360
Destination Fee
$995
Holdback
$705
Dealer Cost
$23,650
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2016 Cherokee Latitude 4 door FWD w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 22 MPG - Highway 31 MPG)
MSRP
$25,295
Invoice Price
$24,818
Destination Fee
$995
Holdback
$759
Dealer Cost
$25,054
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2016 Cherokee Sport 4 door 4x4 w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 21 MPG - Highway 28 MPG)
MSRP
$25,495
Invoice Price
$25,335
Destination Fee
$995
Holdback
$765
Dealer Cost
$25,565
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2016 Cherokee Latitude 4 door 4x4 w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 21 MPG - Highway 28 MPG)
MSRP
$27,295
Invoice Price
$26,773
Destination Fee
$995
Holdback
$819
Dealer Cost
$26,949
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2016 Cherokee Limited 4 door FWD w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 22 MPG - Highway 31 MPG)
MSRP
$29,195
Invoice Price
$28,484
Destination Fee
$995
Holdback
$876
Dealer Cost
$28,603
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2016 Cherokee Trailhawk 4 door 4x4 w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 21 MPG - Highway 27 MPG)
MSRP
$30,995
Invoice Price
$30,251
Destination Fee
$995
Holdback
$930
Dealer Cost
$30,316
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2016 Cherokee Limited 4 door 4x4 w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 21 MPG - Highway 28 MPG)
MSRP
$31,195
Invoice Price
$30,439
Destination Fee
$995
Holdback
$936
Dealer Cost
$30,498
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2016 Cherokee Overland 4 door FWD w/ 184 horsepower, I-4 - 2.4L (4 cylinder) - Fuel Type: regular gasoline
• 271-hp, 3.2L V-6 - (regular gasoline) (Fuel Economy: City 22 MPG - Highway 31 MPG)
MSRP
$34,695
Invoice Price
$33,654
Destination Fee
$995
Holdback
$1,041
Dealer Cost
$33,608
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2016 Cherokee Overland 4 door 4x4 w/ 271 horsepower, V-6 - 3.2L (6 cylinder) - Fuel Type: regular gasoline (Fuel Economy: City 19 MPG - Highway 26 MPG)
MSRP
$38,395
Invoice Price
$37,207
Destination Fee
$995
Holdback
$1,152
Dealer Cost
$37,050
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Price Tip:
To avoid overpaying on a new Jeep Cherokee, price shop online first. Get up front prices before you walk into a dealership. We recommend the following free services;
These services will offer you the lowest prices and supply you with multiple competing price quotes. You will know the best price before you visit the dealer.
Jeep Price Guides::
2016 Jeep Cherokee Overview:
About the 2016 Jeep Cherokee
The 2016 Jeep Cherokee is a premium Sport Utility Vehicle that comes in Sport, Latitude, Altitude, Trailhawk and Limited editions. The standard powertrain includes a 2.4 L Tigershark MultiAir I4 engine that generates up to 184 hp. An upgrade can also be made to the 3.2 L Pentastar V6 engine that delivers a maximum of 271 horsepower. 

A nine-speed automatic transmission system is standard in the 2016 Jeep Cherokee Sport, Latitude and Altitude trims. The other models have a nine-speed transmission system with Jeep Active Drive II. Of course, the Jeep Cherokee comes with the legendary 4X4 drivetrain that's engineered for off-road adventures. The Four Wheel Drive is available in three options including the Trail Rated Jeep Active Drive. 

Selec-Terrain significantly boosts the off-road capabilities of the 2016 Jeep Cherokee. Featuring five different modes, this advanced technology delivers sufficient traction for various terrains including snow and rocks. Exclusively installed in the Cherokee Trailhawk model, the Selec-Speed Control provides additional stability on rugged landscapes like steep rocky hills.

In addition to having advanced off-road capabilities, the Jeep Cherokee also boasts high-tech interior amenities. The UConnect 8.4 NAV system comes with a GPS navigation system and many other applications. This multimedia hub with an 8.4-inch touchscreen even includes built-in Wi-Fi. 

The Jeep Cherokee has several accident avoidance systems such as Forward Collision Warning Plus and Blind Spot Monitoring. ParkSense Front and Rear Park Assist System provide help when it comes to parking in tight spaces. A Rear Backup Camera with a dynamic grid is another great active safety technology in the Jeep Cherokee.

How to Calculate The Dealer Cost of a Jeep Cherokee

Formula for Calculating Dealer Cost:

  • Example: Base Jeep Cherokee invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
  • What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost (calculated above) + Taxes / Licensing Fees - Rebate / Incentive = True Cost (You can get rebates and incentives here)

Note: All Jeep Cherokee Prices above are approximate amounts. Prices are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.

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