Used 2016 Jeep Cherokee Cost to Own

Total 5-Year Ownership Costs

Cherokee SUV

Overland 4dr SUV 4WD (3.2L 6cyl 9A)

True Cost to Own

$47,459*

Total Cash Price

$22,884

Altitude 4dr SUV (2.4L 4cyl 9A)

True Cost to Own

$45,086*

Total Cash Price

$21,740

Sport 4dr SUV 4WD (2.4L 4cyl 9A)

True Cost to Own

$40,001*

Total Cash Price

$19,288

Sport 4dr SUV (2.4L 4cyl 9A)

True Cost to Own

$40,340*

Total Cash Price

$19,452

Altitude 4dr SUV 4WD (2.4L 4cyl 9A)

True Cost to Own

$44,408*

Total Cash Price

$21,413

Latitude 4dr SUV 4WD (2.4L 4cyl 9A)

True Cost to Own

$33,899*

Total Cash Price

$16,346

High Altitude 4dr SUV 4WD (2.4L 4cyl 9A)

True Cost to Own

$47,120*

Total Cash Price

$22,721

Limited 4dr SUV 4WD (2.4L 4cyl 9A)

True Cost to Own

$41,357*

Total Cash Price

$19,942

Trailhawk 4dr SUV 4WD (2.4L 4cyl 9A)

True Cost to Own

$34,577*

Total Cash Price

$16,673

Latitude 4dr SUV (2.4L 4cyl 9A)

True Cost to Own

$37,967*

Total Cash Price

$18,308

Overland 4dr SUV (2.4L 4cyl 9A)

True Cost to Own

$45,425*

Total Cash Price

$21,904

High Altitude 4dr SUV (2.4L 4cyl 9A)

True Cost to Own

$50,510*

Total Cash Price

$24,356

75th Anniversary 4dr SUV 4WD (2.4L 4cyl 9A)

True Cost to Own

$36,272*

Total Cash Price

$17,490

75th Anniversary 4dr SUV (2.4L 4cyl 9A)

True Cost to Own

$38,306*

Total Cash Price

$18,471

Limited 4dr SUV (2.4L 4cyl 9A)

True Cost to Own

$39,662*

Total Cash Price

$19,125

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Overland 4dr SUV 4WD (3.2L 6cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,005$1,036$1,067$1,099$1,131$5,338
Maintenance$825$1,296$255$2,048$2,195$6,619
Repairs$1,120$1,298$1,516$1,770$2,062$7,766
Taxes & Fees$1,257$57$57$57$57$1,487
Financing$1,424$1,149$854$538$196$4,161
Depreciation$5,372$2,141$1,884$1,670$1,498$12,565
Fuel$1,793$1,848$1,903$1,960$2,019$9,523
True Cost to Own®$12,796$8,826$7,536$9,142$9,159$47,459

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Altitude 4dr SUV (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$955$984$1,013$1,044$1,075$5,071
Maintenance$783$1,232$242$1,946$2,085$6,288
Repairs$1,064$1,233$1,440$1,681$1,959$7,378
Taxes & Fees$1,194$55$55$55$55$1,412
Financing$1,353$1,092$811$511$186$3,953
Depreciation$5,103$2,034$1,790$1,587$1,423$11,937
Fuel$1,704$1,756$1,807$1,862$1,918$9,047
True Cost to Own®$12,156$8,384$7,159$8,685$8,701$45,086

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Sport 4dr SUV 4WD (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$847$873$899$926$953$4,499
Maintenance$695$1,093$215$1,726$1,850$5,579
Repairs$944$1,094$1,278$1,492$1,738$6,545
Taxes & Fees$1,060$48$48$48$48$1,253
Financing$1,200$969$720$453$165$3,507
Depreciation$4,528$1,804$1,588$1,408$1,263$10,591
Fuel$1,512$1,558$1,604$1,652$1,702$8,026
True Cost to Own®$10,785$7,439$6,352$7,705$7,720$40,001

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Sport 4dr SUV (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$854$881$907$934$962$4,537
Maintenance$701$1,102$217$1,741$1,866$5,626
Repairs$952$1,103$1,289$1,504$1,753$6,601
Taxes & Fees$1,069$49$49$49$49$1,264
Financing$1,210$977$726$457$167$3,537
Depreciation$4,566$1,820$1,602$1,420$1,273$10,680
Fuel$1,524$1,571$1,617$1,666$1,716$8,094
True Cost to Own®$10,877$7,502$6,406$7,771$7,785$40,340

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Altitude 4dr SUV 4WD (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$941$969$998$1,028$1,058$4,995
Maintenance$772$1,213$238$1,917$2,054$6,194
Repairs$1,048$1,214$1,419$1,656$1,930$7,267
Taxes & Fees$1,176$54$54$54$54$1,391
Financing$1,332$1,076$799$503$183$3,893
Depreciation$5,026$2,003$1,763$1,563$1,402$11,757
Fuel$1,678$1,729$1,780$1,834$1,889$8,911
True Cost to Own®$11,973$8,258$7,052$8,554$8,570$44,408
Ownership Costs: 5-Year Total

Depreciation

$8,975

Taxes & Fees

$1,062

Financing

$2,972

Fuel

$6,802

Insurance

$3,813

Repairs

$5,547

Maintenance

$4,728

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Latitude 4dr SUV 4WD (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$718$740$762$785$808$3,813
Maintenance$589$926$182$1,463$1,568$4,728
Repairs$800$927$1,083$1,264$1,473$5,547
Taxes & Fees$898$41$41$41$41$1,062
Financing$1,017$821$610$384$140$2,972
Depreciation$3,837$1,529$1,346$1,193$1,070$8,975
Fuel$1,281$1,320$1,359$1,400$1,442$6,802
True Cost to Own®$9,140$6,304$5,383$6,530$6,542$33,899

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV High Altitude 4dr SUV 4WD (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$998$1,029$1,059$1,091$1,123$5,300
Maintenance$819$1,287$253$2,034$2,180$6,572
Repairs$1,112$1,289$1,505$1,757$2,047$7,710
Taxes & Fees$1,248$57$57$57$57$1,476
Financing$1,414$1,141$848$534$195$4,131
Depreciation$5,333$2,125$1,871$1,658$1,487$12,475
Fuel$1,781$1,835$1,889$1,946$2,004$9,455
True Cost to Own®$12,705$8,763$7,482$9,077$9,093$47,120

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Limited 4dr SUV 4WD (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$876$903$930$958$986$4,652
Maintenance$719$1,130$222$1,785$1,913$5,768
Repairs$976$1,131$1,321$1,542$1,797$6,767
Taxes & Fees$1,096$50$50$50$50$1,296
Financing$1,241$1,002$744$468$171$3,626
Depreciation$4,681$1,865$1,642$1,455$1,305$10,950
Fuel$1,563$1,610$1,658$1,708$1,759$8,298
True Cost to Own®$11,151$7,691$6,567$7,967$7,981$41,357

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Trailhawk 4dr SUV 4WD (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$732$755$777$801$824$3,889
Maintenance$601$945$186$1,492$1,599$4,823
Repairs$816$946$1,105$1,289$1,502$5,658
Taxes & Fees$916$42$42$42$42$1,083
Financing$1,037$837$622$392$143$3,031
Depreciation$3,914$1,560$1,373$1,217$1,091$9,155
Fuel$1,307$1,346$1,386$1,428$1,471$6,938
True Cost to Own®$9,323$6,430$5,491$6,661$6,673$34,577

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Latitude 4dr SUV (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$804$829$853$879$905$4,271
Maintenance$660$1,037$204$1,639$1,756$5,295
Repairs$896$1,038$1,213$1,416$1,650$6,213
Taxes & Fees$1,006$46$46$46$46$1,189
Financing$1,139$920$683$430$157$3,329
Depreciation$4,297$1,712$1,508$1,336$1,198$10,052
Fuel$1,435$1,478$1,522$1,568$1,615$7,618
True Cost to Own®$10,237$7,060$6,029$7,314$7,327$37,967

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Overland 4dr SUV (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$962$992$1,021$1,052$1,083$5,109
Maintenance$789$1,241$244$1,960$2,101$6,336
Repairs$1,072$1,242$1,451$1,694$1,974$7,433
Taxes & Fees$1,203$55$55$55$55$1,423
Financing$1,363$1,100$817$515$188$3,982
Depreciation$5,142$2,049$1,804$1,599$1,434$12,027
Fuel$1,717$1,769$1,821$1,876$1,932$9,115
True Cost to Own®$12,248$8,447$7,213$8,750$8,766$45,425

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV High Altitude 4dr SUV (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,070$1,103$1,135$1,170$1,204$5,681
Maintenance$878$1,380$271$2,180$2,336$7,045
Repairs$1,192$1,381$1,614$1,883$2,195$8,265
Taxes & Fees$1,338$61$61$61$61$1,582
Financing$1,515$1,223$909$572$209$4,428
Depreciation$5,717$2,278$2,006$1,778$1,594$13,373
Fuel$1,909$1,967$2,025$2,086$2,149$10,135
True Cost to Own®$13,619$9,393$8,021$9,730$9,748$50,510

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV 75th Anniversary 4dr SUV 4WD (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$768$792$815$840$865$4,080
Maintenance$630$991$195$1,565$1,678$5,059
Repairs$856$992$1,159$1,352$1,576$5,935
Taxes & Fees$961$44$44$44$44$1,136
Financing$1,088$878$653$411$150$3,180
Depreciation$4,106$1,636$1,440$1,277$1,145$9,603
Fuel$1,371$1,412$1,454$1,498$1,543$7,278
True Cost to Own®$9,780$6,745$5,760$6,987$7,000$36,272

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV 75th Anniversary 4dr SUV (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$811$836$861$887$913$4,309
Maintenance$666$1,046$206$1,653$1,772$5,343
Repairs$904$1,048$1,224$1,428$1,664$6,268
Taxes & Fees$1,015$46$46$46$46$1,200
Financing$1,149$928$689$434$158$3,358
Depreciation$4,336$1,728$1,521$1,348$1,209$10,142
Fuel$1,448$1,492$1,536$1,582$1,629$7,686
True Cost to Own®$10,328$7,124$6,083$7,379$7,392$38,306

Ownership Costs: 5-Year Breakdown

Selected Model:

2016 Cherokee SUV Limited 4dr SUV (2.4L 4cyl 9A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$840$866$892$918$945$4,461
Maintenance$689$1,083$213$1,712$1,835$5,532
Repairs$936$1,085$1,267$1,479$1,723$6,490
Taxes & Fees$1,051$48$48$48$48$1,243
Financing$1,190$961$714$449$164$3,477
Depreciation$4,489$1,789$1,575$1,396$1,252$10,501
Fuel$1,499$1,544$1,590$1,638$1,687$7,958
True Cost to Own®$10,694$7,376$6,298$7,640$7,654$39,662

*Based on a 5-year estimate with 15,000 miles driven per year.

Shop nowLearn about the 2016 Cherokee 

True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.

The components of TCO® are depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, repairs and any federal tax credit that may be available. In order to estimate certain mileage-dependent costs, we assume that vehicles will be driven 15,000 miles per year. For a used vehicle, we calculate the years the vehicle has been driven using the nominal difference between the current calendar year and the vehicle's model year, and assume that it was driven 15,000 miles during each of those years.

Note that TCO® is a comparative tool, not a predictive tool — your actual five-year cost of owning a particular vehicle will vary depending on your personal circumstances, such as your driving history and the number of miles you drive.

How We Calculate True Cost to Own®

The True Cost to Own® calculations use the following set of assumptions:

  • Ownership expenses are estimated for a five-year period
  • You will drive 15,000 miles per year
  • You are financing the vehicle using traditional financing, not lease financing
  • You have an above-average credit rating for the purpose of determining your finance rate
  • You are making a 10% down payment on the vehicle at purchase
  • Your loan term is 60 months

Using proprietary formulas, we calculate the five-year costs for the seven cost categories that make up the TCO® (depreciation, insurance, financing, taxes & fees, fuel, maintenance and repairs). We also take into account any applicable federal tax credit.

Explanation of True Cost to Own® Terms

Total Cash Price

For new vehicles, the Total Cash Price displayed is the vehicle's True Market Value® (TMV®) price plus typically equipped options, destination charge, base tax and fees assessed by your state, and, if applicable, gas guzzler tax; less any widely available manufacturer-to-customer cash rebates. (However, we do not account for other types of cash rebates or incentives because of the variability of those offers and their eligibility requirements.) For used vehicles, the Total Cash Price shown is the sum of the vehicle's Private Party TMV® price in "clean" condition plus typically equipped options, and base tax and fees assessed by your state.

Depreciation

This is the amount by which the value of a vehicle declines from its purchase price to its estimated resale value. The purchase price employed is the vehicle's Total Cash Price, minus any taxes and fees included in that amount. We estimate the resale value assuming the vehicle will be in "clean" condition, will be driven 15,000 miles per year, and will be sold to a private party.

Insurance

This is the estimated average annual insurance premium in your state. The premium has been determined based on annual premium data for defined driver profiles and coverages (liability, comprehensive and collision) from a major national insurer. While this information is specific to vehicle make, model, model year and body type, your personal information is not taken into consideration and could greatly alter the actual premium quoted by an insurer. Factors that will affect your rate include your age, marital status, credit history, driving record, and the garaging address of your vehicle.

Financing

This is the interest expense on a loan in the amount of the Total Cash Price, assuming a 10% down payment and a loan term of 60 months. The interest rate used is the prevailing rate that banks and other direct automotive lenders are currently charging consumers in your geographic region who have above average credit scores.

Note: Even if you do not finance your vehicle, the inclusion of financing cost in determining True Cost to Own® is still appropriate because it reflects the estimated "opportunity cost" (i.e., the amount you may earn) if you invest the Purchase Price instead of using it to purchase the vehicle.

Taxes & Fees

This consists of the base sales (or use) taxes, license and registration fees in your state, and gas guzzler tax if applicable. These taxes and fees are often based on a percentage of the purchase price, and generally decrease as the vehicle ages and loses its value.

Note: the state sales/use tax rate that we use includes the average local and county taxes assessed in that state.

Fuel

This expense is based on the revised EPA mileage ratings, assuming consumption consists of 45% highway and 55% city driving and that the vehicle is equipped with the transmission that is standard equipment for that vehicle. Cost estimates are based on the current one-year moving average of self-service prices in your state, using regular unleaded gasoline for vehicles whose manufacturers require regular; premium unleaded gasoline for vehicles whose manufacturers recommend or require premium; or diesel fuel for diesel vehicles.

Maintenance

This is the estimated expense of the two types of maintenance: scheduled and unscheduled. Scheduled maintenance is the performance of factory-recommended items at periodic mileage and/or calendar intervals. Unscheduled maintenance includes wheel alignment and the replacement of items such as the battery, brakes, headlamps, hoses, exhaust system parts, taillight/turn signal bulbs, tires and wiper blades/inserts. Estimated tire replacement costs are supplied to Edmunds.com by The Tire Rack, Inc.

Repairs

This is the estimated expense for repairs not covered by the vehicle manufacturer's warranties over the five years from the date of purchase, assuming 15,000 miles are driven annually. We estimate this expense based on the cost of a typical "zero deductible" extended warranty for the vehicle, minus the estimated amount of that cost that consists of the warranty provider's overhead and profit.

Federal Tax Credits

This is the tax credit that is provided for under the Energy Policy Act of 2005. A tax credit is subtracted directly from the total amount of federal tax you owe. The tax credit is for electric fuel vehicles.

The credit is only available to the original purchaser of a new, qualifying vehicle, and is subject to certain "phase out" rules that we take into consideration when computing TCO®. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.



Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2016 Jeep Cherokee in Virginia is:

not available
Legal