Car Buying Strategies

2022 Jeep Cherokee Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

Price terms Used:
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost
2022 Cherokee - Trim: Altitude - 4-Door SUV with FWD. Powered by by a 2.4L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$29,995
Invoice Price
$29,461
Destination Fee
$1,595
Holdback
$900
Dealer Cost
$30,156
Find the Best Price
2022 Cherokee - Trim: Altitude - 4-Door SUV with 4WD. Powered by by a 2.4L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$31,495
Invoice Price
$30,886
Destination Fee
$1,595
Holdback
$945
Dealer Cost
$31,536
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2022 Cherokee - Trim: Cherokee X - 4-Door SUV with 4WD. Powered by by a 3.2L, 6 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$33,995
Invoice Price
$33,261
Destination Fee
$1,595
Holdback
$1,020
Dealer Cost
$33,836
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2022 Cherokee - Trim: Latitude Lux - 4-Door SUV with FWD. Powered by by a 3.2L, 6 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$33,995
Invoice Price
$33,261
Destination Fee
$1,595
Holdback
$1,020
Dealer Cost
$33,836
Find the Best Price
2022 Cherokee - Trim: Latitude Lux - 4-Door SUV with 4WD. Powered by by a 3.2L, 6 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$35,495
Invoice Price
$34,686
Destination Fee
$1,595
Holdback
$1,065
Dealer Cost
$35,216
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2022 Cherokee - Trim: Trailhawk - 4-Door SUV with 4WD. Powered by by a 3.2L, 6 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$37,045
Invoice Price
$36,157
Destination Fee
$1,595
Holdback
$1,111
Dealer Cost
$36,641
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2022 Cherokee - Trim: Limited - 4-Door SUV with 4WD. Powered by by a 3.2L, 6 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$38,745
Invoice Price
$37,772
Destination Fee
$1,595
Holdback
$1,162
Dealer Cost
$38,205
Find the Best Price
Price Tip:
To find the best possible price on a new Jeep Cherokee, shop prices online first. Get up front pricing before you walk into a dealership. We recommend the following free services; Car Clearance Deals,   Edmunds,   NADAguides,   Motortrend  &   CarsDirect
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.

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)

Jeep Cherokee Overview:

The 2022 Jeep Cherokee remains a great alternative to the larger Jeep Grand Cherokee. Its excellent legroom and adventurous design will appeal to a lot of families. Strong optional powertrains also help the Cherokee to offer one of the segment’s most impressive performances. Several great features are available, including Jeep’s top-rated Uconnect multimedia system.

What’s New for 2022?

Last year’s available 8.4-inch touchscreen now comes standard across the range. Jeep has also introduced a new X trim, which is equipped with some great off-road features. Furthermore, a greater number of trims now come standard with a 4X4 system.

What Styles Does It Come In?

The 2022 Jeep Cherokee competes in the small SUV segment. It is designed to carry a maximum of five passengers. While a front-wheel-drive setup is standard, buyers will have access to three different 4X4 systems.

What Are the Available Trims?

There are five primary Cherokee trims. The least expensive grade in the base Altitude trim. This year, it has been upgraded with a larger 8.4-inch Uconnect touchscreen. Today’s hottest smartphone integration features are built into the interface. Unlike some other entry-level trims, the Cherokee Altitude provides heated front seats and a heated steering wheel. Other standard equipment includes remote start, a six-speaker stereo, and dual USB ports.

Another notch up the trim ladder is the leather-appointed Cherokee Luxe. It brings dual-zone automatic temperature control, a power liftgate, and a 7.0-inch driver information display.

The adventurous Cherokee X is the lineup's newest trim. Rugged features, such as all-terrain tires and an off-road-ready suspension, make it an appealing option for outdoor enthusiasts.

Equipped with an upgraded 4X4 system, the Cherokee Trailhawk is an even more capable off-road performer. It also receives a full underbody skid plate and an anti-glare hood decal.

Folks who desire a more luxurious vehicle will be interested in the range-topping Limited trim. While an automated parking system handles the chore of steering the SUV into spaces, a nine-speaker premium audio system gives your music a more exciting thump. A panoramic sunroof is also found on the Cherokee Limited. Not only does the optional Elite package bring ventilated front seats and heating modes for the rear seats, but it also adds an integrated navigation system.

The Cherokee’s Exterior Styling

In terms of styling, the Cherokee is quite similar to the previous-generation Grand Cherokee. It looks rugged and upscale. Like virtually every Jeep model, this SUV features a trademark seven-slot grille. LED exterior lighting is standard across the range.

Each trim has its own distinctive styling treatments. The all-new Cherokee X features a rugged appearance package. Meanwhile, buyers can enhance the Limited trim's looks by opting for a larger set of 19-inch alloy wheels.

Driving Experience

When shopping for a new Cherokee, there will be three engines for you to pick from. The base four-cylinder is ideal for drivers who simply want to get from point A to point B. Performance improves dramatically with the optional turbo four-cylinder engine, which develops 270 horsepower. Rated to push out 271 horsepower, Jeep’s V6 engine offers the most versatility. It promotes strong acceleration while increasing the SUV’s towing capacity to a class-leading 4,500 pounds.

On the road, the new 2022 Jeep Cherokee offers commendable handling. Car reviewers also like this SUV’s pleasant ride. Superior off-road capabilities truly distinguish the Cherokee from the competition. This is especially true for the new Cherokee X and the ultra-rugged Cherokee Trailhawk.

Fuel Economy

Folks who choose the Cherokee’s base engine can expect to get up to 22 mpg town and 31 mpg freeway. Models equipped with the stronger turbo four-cylinder have a similar fuel economy rating. Meanwhile, the V6-equipped Cherokee can deliver up to 20 mpg town and 29 mpg freeway. As expected, selecting one of the available 4X4 systems will decrease efficiency.

Quality and Comfort

One of the Cherokee's biggest assets is its roomy interior design. Backseat passengers will have more than 40 inches of legroom. Build quality is also relatively good for the class. Easy-to-use interior controls make the Cherokee a more rewarding vehicle to drive.

Safety

In regard to crash protection, the Cherokee's NHTSA four-star overall safety rating puts it just a step behind some competitors. However, a few high-tech safety features do come standard. This includes blind-spot sensing, forward collision detection with automatic emergency braking, and lane departure warning. The SUV's backup camera automatically engages upon shifting into reverse.

If you're planning to buy or lease a small SUV, be sure to check out the new 2022 Jeep Cherokee. It's an accommodating family hauler that has no trouble taking you on an off-road adventure. Easy-to-use tech and strong optional engines make this vehicle more appealing.

Note: All Jeep Cherokee MSRP, invoice and dealer cost dollar figures above 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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