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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.

Jeep Cherokee Prices - How Much is a Jeep Cherokee?

2017 Cherokee Prices: Sport 4-Door Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$23,595
Invoice Price
$23,470
Destination Fee
$995
Holdback
$708
Dealer Cost
$23,757
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2017 Cherokee Prices: Latitude 4-Door Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$25,545
Invoice Price
$25,067
Destination Fee
$995
Holdback
$766
Dealer Cost
$25,296
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2017 Cherokee Prices: Sport 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$25,595
Invoice Price
$25,445
Destination Fee
$995
Holdback
$768
Dealer Cost
$25,672
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2017 Cherokee Prices: Latitude 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$27,545
Invoice Price
$27,022
Destination Fee
$995
Holdback
$826
Dealer Cost
$27,191
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2017 Cherokee Prices: Limited 4-Door Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$29,495
Invoice Price
$28,781
Destination Fee
$995
Holdback
$885
Dealer Cost
$28,891
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2017 Cherokee Prices: Trailhawk 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$31,195
Invoice Price
$30,454
Destination Fee
$995
Holdback
$936
Dealer Cost
$30,513
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2017 Cherokee Prices: Limited 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$31,495
Invoice Price
$30,736
Destination Fee
$995
Holdback
$945
Dealer Cost
$30,786
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2017 Cherokee Prices: Overland 4-Door Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$34,895
Invoice Price
$33,857
Destination Fee
$995
Holdback
$1,047
Dealer Cost
$33,805
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2017 Cherokee Prices: Overland 4-Door 4WD Sport Utility Auto Transmission w/ 3.2L Gas Engine - 6 Cylinders
MSRP
$37,695
Invoice Price
$36,564
Destination Fee
$995
Holdback
$1,131
Dealer Cost
$36,428
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2016 Cherokee Latitude 4-Door Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$25,295
Invoice Price
$24,818
Destination Fee
$995
Holdback
$759
Dealer Cost
$25,054
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2016 Cherokee Latitude 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
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 Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$29,195
Invoice Price
$28,484
Destination Fee
$995
Holdback
$876
Dealer Cost
$28,603
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2016 Cherokee Limited 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
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 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$38,395
Invoice Price
$37,207
Destination Fee
$995
Holdback
$1,152
Dealer Cost
$37,050
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2016 Cherokee Overland 4-Door Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$34,695
Invoice Price
$33,654
Destination Fee
$995
Holdback
$1,041
Dealer Cost
$33,608
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2016 Cherokee Sport 4-Door Front Wheel Drive Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$23,495
Invoice Price
$23,360
Destination Fee
$995
Holdback
$705
Dealer Cost
$23,650
Find the Best Price

2016 Cherokee Sport 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$25,495
Invoice Price
$25,335
Destination Fee
$995
Holdback
$765
Dealer Cost
$25,565
Find the Best Price

2016 Cherokee Trailhawk 4-Door 4WD Sport Utility Auto Transmission w/ 2.4L Gas Engine - 4 Cylinders
MSRP
$30,995
Invoice Price
$30,251
Destination Fee
$995
Holdback
$930
Dealer Cost
$30,316
Find the Best Price
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::
2017 Jeep Cherokee Overview:
Since its inception in 1974, the Jeep Cherokee has become a staple in the sports utility vehicle market. Jeep has transformed its iconic SUV from a full-size powerhouse into a sleek and sporty midsize SUV that outperforms on the highway, city streets, or on off-road courses. Discover why the 2017 Jeep Cherokee continues to uphold the brand's reputation for power and appeal with its full array of design features.


Key Features

The 2017 Jeep Cherokee comes equipped with some of the most innovative safety and convenience design features available in midsize SUVs today. Some of the more noteworthy safety standards include:

  • front driver and passenger as well as side airbags
  • anti-lock brake system (ABS)
  • child rear safety locks
  • built-in tire pressure monitor
  • stability control system
  • traction control system
  • daytime running lights

Some of the more impressive convenience features include:

  • Sirius satellite radio
  • Bluetooth capability
  • navigation system
  • MyGig entertainment system with 30 Gigabytes of hard drive space

These design features come standard in all styles and trims of the 2017 Jeep Cherokee.


Styles and Trims

The 2017 Jeep Cherokee has a nine speed automatic transmission and comes in either front-wheel or four-wheel drive depending on the trim that you choose. The 4x4 trims include the:

  • 75th anniversary edition
  • Altitude
  • High Altitude
  • L Plus
  • Latitude
  • Limited
  • Overland
  • Sport
  • Trailhawk

The front-wheel drive trims include the:

  • 75th anniversary edition
  • Altitude
  • High Altitude
  • Limited
  • Overland
  • Sport

All of the trims come with a standard manufacturer's warranty that covers three years or 36,000 miles. Buyers also get an unlimited warranty on corrosion as well as a five-year or 60,000 mile warranty on both the drivetrain and roadside assistance.

Prices for the base model 2017 Cherokee start at $23,595 for the front-wheel drive Altitude and Sport. The high-end Cherokee is the front-wheel drive Overland, which has an MSRP of $34,895.


Driving Impressions and Experiences

The 2017 Jeep Cherokee generally gives a favorable driving impression and lends a positive experience to people who have test driven this vehicle. Reviewers note that the cabin is roomy and comfortable. The engine itself also maintains great speed out on the open highway.

However, gaining full speed can be a slow process as reviewers note that the transmission is finicky and tend to stalling. Some reviewers also are not impressed with fuel economy.


Fuel Economy

The 2017 Cherokee has a fuel economy of 21 miles to the gallon for city driving and 30 miles on the highway. It gets a combined fuel economy of 25 MPG and has a regular unleaded 15.8 gallon fuel tank. The engine sizes for the 2017 Cherokee are either 1.4 liter or 2.4 liter depending on the trim. 

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 - Rebate and Incentive + Taxes / Licensing Fees = True Dealer 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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