2020 Jeep Cherokee Price

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in Suvs
2020 MODEL
$25,840 - $38,495
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2020 Jeep Cherokee Pricing: Trims, MSRP, Ownership and Depreciation

Updated on: March 25, 2020

There are a plethora of trims offered in the 2020 Jeep Cherokee that range from $25,935 to $37,985. When the 2020 Jeep Cherokee came out, it arrived in an armada of vehicles ready to take out its competition in the market.

Latitude

Starting at $25,840

Available Engines

  • 180 hp @ 6400 rpm, 2.4 L, Inline 4, regular unleaded
  • 271 hp @ 6500 rpm, 3.2 L, V-6, Gasoline

Available drivetrains

  • four wheel drive
  • front wheel drive

Available transmissions

  • 9-speed shiftable automatic
  • 9-Speed Automatic
  • 17" Silver Aluminum Wheels
  • 17" X 7" Painted Aluminum Wheels
  • 1st Row LCD monitor
  • 6-way Adjustable Front Passenger Seat
  • ABS and driveline Traction Control
  • AM/FM Stereo, Seek-Scan Radio
  • Cloth Seat Trim
  • Cluster 3.5" Thin Film Transistor Black & White Display
  • Heated Mirrors
  • Keyfob (all doors) Remote Keyless Entry
  • LED Daytime Running Headlamps
  • Manual Front Air Conditioning
  • Tilt & Telescopic Steering Wheel
  • Uconnect 4 w/ 7" Display
  • Urethane Shift Knob

Latitude Plus

Starting at $27,595

Available Engines

  • 271 hp @ 6500 rpm, 3.2 L, V-6, Gasoline
  • 271 hp @ 6500 rpm, 2 L, Inline 4, Gasoline
  • 180 hp @ 6400 rpm, 2.4 L, Inline 4, regular unleaded

Available drivetrains

  • front wheel drive
  • four wheel drive

Available transmissions

  • 9-Speed Automatic
  • 9-speed shiftable automatic

Everything on Latitude and:

  • 17" X 7" Satin Carbon Aluminum Wheels
  • Black Headlamps Bezels
  • Cloth/Vinyl Seat Trim
  • Driver Lumbar Support
  • Exterior Mirrors Courtesy Lamps
  • Front Fog/Driving Lights
  • Front LED Fog Lamps
  • ParkSense with Stop Parking Assist
  • SiriusXM AM/FM/Satellite, Seek-Scan Radio
  • Siriusxm Satellite Radio w/ 1-Year All Access Subscription
  • Variable Intermittent Windshield Wipers

Latitude Lux

Starting at $27,955

Available Engines

  • TBD

Available drivetrains

  • TBD

Available transmissions

  • TBD

Everything on Latitude Plus

Altitude

Starting at $28,790

Available Engines

  • 180 hp @ 6400 rpm, 2.4 L, Inline 4, regular unleaded
  • 271 hp @ 6500 rpm, 2 L, Inline 4, Gasoline
  • 271 hp @ 6500 rpm, 3.2 L, V-6, Gasoline

Available drivetrains

  • front wheel drive
  • four wheel drive

Available transmissions

  • 9-speed shiftable automatic
  • 9-Speed Automatic

Everything on Latitude Lux and:

  • 18" X 7" Gloss Black 5-Spoke Alum Wheels
  • 6-way Adjustable Front Passenger Seat
  • Cloth / Premium Vinyl Bucket Seats
  • Gloss Black Grille Surrounds
  • LED Low & High Beam Headlamps
  • Sliding Sun Visors w/ Illuminating Mirrors
  • Uconnect 4 w/ 7" Display

North Edition Limited

Starting at $29,855

Available Engines

  • 271 hp @ 6500 rpm, 3.2 L, V-6, regular unleaded

Available drivetrains

  • four wheel drive

Available transmissions

  • 9-speed shiftable automatic

Everything on Altitude

Upland

Starting at $30,620

Available Engines

  • 271 hp @ 6500 rpm, 3.2 L, V-6, regular unleaded

Available drivetrains

  • four wheel drive

Available transmissions

  • 9-speed shiftable automatic

Everything on North Edition Limited and:

  • 17" X 7.5" Black Noise Aluminum Wheels
  • 6-way Adjustable Front Passenger Seat
  • Leather Wrapped Steering Wheel
  • LED Daytime Running Headlamps
  • Selec-Terrain System

Upland Limited Edition

Starting at $30,815

Available Engines

  • 3.6 L, V-6, Gasoline

Available drivetrains

  • four wheel drive

Available transmissions

  • 9-speed automatic

Everything on Upland

Limited

Starting at $31,600

Available Engines

  • 271 hp @ 6500 rpm, 3.2 L, V-6, Gasoline
  • 270 hp @ 5250 rpm, 2 L, Inline 4, Gasoline
  • 271 hp @ 6500 rpm, 2 L, Inline 4, Gasoline
  • 180 hp @ 6400 rpm, 2.4 L, Inline 4, regular unleaded
  • 271 hp @ 6500 rpm, 3.2 L, V-6, regular unleaded

Available drivetrains

  • front wheel drive
  • four wheel drive

Available transmissions

  • 9-Speed Automatic
  • 9-speed shiftable automatic

Everything on Upland Limited Edition and:

  • 18" Polished / Painted Aluminum Wheels
  • 18" Polished w/Painted Accents Aluminum Wheels
  • 2 - 1st Row LCD Monitor
  • 4-way Power Adjustable Front-Passenger's Seat
  • Bright Front Door Sill Scuff Pads
  • Cluster 7" Thin Film Transistor Color Display
  • Driver & Passenger Lumbar Support
  • Driver and Front Passenger Heated-Cushion, Seatback
  • Exterior Mirrors Courtesy Lamps
  • Front Air Conditioning, Dual Zone Automatic
  • Heated Front Seats
  • Heated Steering Wheel
  • Leather Seat trim
  • Leather Wrapped Shift Knob
  • Premium Leather-Trim Bucket Seats
  • Rear 60 / 40 Folding Split Recline Seat
  • Uconnect 4 w/ 8.4" Touchscreen Display
  • Windshield Wiper De-Icer

Altitude Limited Edition

Starting at $32,235

Available Engines

  • 3.2 L, V-6,

Available drivetrains

  • four wheel drive

Available transmissions

  • 9-speed automatic

Everything on Limited

High Altitude

Starting at $33,595

Available Engines

  • 270 hp @ 5250 rpm, 2 L, Inline 4,
  • 271 hp @ 6500 rpm, 3.2 L, V-6, regular unleaded

Available drivetrains

  • four wheel drive
  • front wheel drive

Available transmissions

  • 9-Speed Automatic
  • 9-speed shiftable automatic

Everything on Altitude Limited Edition and:

  • 19" X 7.5" Granite Crystal Aluminum Wheels
  • GPS Navigation
  • Premium Alpine Speaker System
  • Satin Chrome Fascia Appliques
  • Siriusxm Traffic & Travel Link Services w/ 5-Year Subscription
  • Uconnect 4C Nav w/ 8.4" Display

Trailhawk

Starting at $34,755

Available Engines

  • 271 hp @ 6500 rpm, 3.2 L, V-6, regular unleaded

Available drivetrains

  • four wheel drive

Available transmissions

  • 9-Speed Automatic
  • 9-speed shiftable automatic

Everything on High Altitude and:

  • 17" Polished w/Painted Accents Aluminum Wheels
  • Cloth/Vinyl Seat Trim
  • Driver Lumbar Support
  • Uconnect 4 w/ 8.4" Display

High Altitude Limited Edition

Starting at $35,285

Available Engines

  • 3.6 L, V-6, Gasoline

Available drivetrains

  • four wheel drive

Available transmissions

  • 9-speed automatic

Everything on Trailhawk

Overland

Starting at $36,995

Available Engines

  • 271 hp @ 6500 rpm, 3.2 L, V-6, regular unleaded

Available drivetrains

  • four wheel drive
  • front wheel drive

Available transmissions

  • 9-speed shiftable automatic

Everything on High Altitude Limited Edition and:

  • 19" Gray Aluminum Wheels
  • Driver & Passenger Lumbar Support
  • Driver and Front Passenger Heated-Cushion, Seatback
  • Leather Seat trim
  • Navigation System
  • SiriusXM AM/FM/HD/Satellite, Seek-Scan Radio

Trailhawk Elite

Starting at $37,950

Available Engines

  • 270 hp @ 5250 rpm, 2 L, Inline 4, Gasoline
  • 271 hp @ 6500 rpm, 3.2 L, V-6, regular unleaded

Available drivetrains

  • four wheel drive

Available transmissions

  • 9-Speed Automatic
  • 9-speed shiftable automatic

Everything on Overland and:

  • Premium Alpine Speaker System

When the 2020 Jeep Cherokee came out, it arrived in an armada of vehicles ready to take out its competition in the market. Although the fleet has most of the same features such as comfort and effective ride handling, there is one that is unique among the fleet, which is the Trailhawk that has a unique off-road ability. 

The price of the fleet, however, intrigues the buyer into choosing a trim since there are so many alternatives. Don’t worry, we have analyzed the best of the fleet as you continue reading.

2020 Jeep Cherokee Price Analysis


There are a plethora of trims offered in the 2020 Jeep Cherokee that range from $25,935 to $37,985. The entry-level trims are equipped with Voice-activated air conditioning, remote keyless entry, and collision warning. Jeep also adds two varieties of colors such as the Sangria and Spitfire Orange.

Trims

Latitude

Latitude Plus

Altitude

Upland

Limited

Trailhawk

High Altitude

Trailhawk Elite

MSRP (FWD)

$25,935

$27,395

$28,585

-

$31,545

-

$35,285

-

MSRP (4X4)

$27,435

$28,895

$30,085

$30,085

$34,790

$34,505

$36,585

$37,895

Features

Voice-activated air conditioning

Add ons to the Latitude: 8-way power driver seat

Similar to the Latitude Plus

Same features as the Altitude

Power Front-driver and Passenger seats

Same as the Limited iteration

Same features as the Trailhawk

Same features as the High Altitude

 

Remote keyless entry

Premium Alpine Speaker system

   

Leather Wrapped steering wheel

     
 

Auto-dimming rearview mirror

Cold Weather group

   

A / C Auto Temperature Control w / Dual-Zone Control

     
 

LED brake lights

     

Heated steering wheel

     
 

Rear HVAC

     

115-Volt Auxiliary Power Outlet

     

 

Trims

Altitude Limited Edition

Upland Limited Edition

High Altitude Limited Edition

North Edition Limited

MSRP (4x4)

$28,585

$30,815

$35,285

$31,700

On top of the trims available, there are limited edition iteration for the Latitude, Upland, Altitude, and North that are slightly overpriced with exclusive features.

Recommended Trim

The best trim of the lot is the Trailhawk which offers the best towing capacity in its segment and also anchored by a remarkable V-6 engine. With a rough terrain capability, advanced safety group, and redesigned exterior the Trailhawk makes its presence prominent in the market. The off-road capability is due to its efficient suspension system that is resistant to dirt and executes top-class performance.

Last 5 Years Pricing

There is no substantial change in the pricing over the last 5 years with the Jeep Cherokee showing a slight increase every year of a few hundred dollars. The price hit the $25,000 mark in 2019. Yes, there have been additional upgrades to the vehicle overall with an Advanced Safety Package feature that entails forward-collision and lane-departure warning. 

Year

Price (MSRP) of 2020 Jeep Cherokee

2020

$25,740

2019

$25,045

2018

$24,395

2017

$24,990

2016

$23,495

The surge in price between the last year and now is a meager $695 due to a few additional features that are hardly noticeable. 

Previous Year Sales

The performance of the Jeep Cherokee in the market has been characterized by highs and lows. Its best year was 2016 where the average sales volume reached 106.73 and it has been steadily declining ever since. The brand needs to rethink its strategy to relive its glory years.

Year

No of units

2015

8.005

2016

106.73

2017

77.124

2018

30.799

2019 

17.277

How does the Jeep Cherokee fare against its rivals in the market? It is the underdog to the Honda CR-V and hasn’t been a threat to its top rival ever. With the current decline, Jeep Cherokee has to ensure that they prevent the Mazda CX-5 from outperforming them in the US market.

Sales Curve of 2020 Jeep Cherokee SUV
Sales Curve of 2020 Jeep Cherokee SUV

The depreciation chart below indicates that 2016,2017, and 2018 are the best values for the Jeep Cherokee. They carry a low risk of depreciation in the future.

Depreciation Curve of 2020 Jeep Cherokee SUV
Depreciation Curve of 2020 Jeep Cherokee SUV

For 2018 used Jeep Cherokee requires only 66% of the original cost and has over 92% of the automobile’s lifetime. Hence, it is the best value that one can get after considering the maintenance, price decline, and other costs associated with the vehicle. 

Statewise Price Difference

The price of cars is different in every state of the USA. What affects these changes are the state tax, dealer discounts and destination charges based on the type of car. The state-wise average market price of the 2020 Jeep Cherokee is as follows:

State

Market Price of 2020 Jeep Cherokee

Arizona

$27,430

California

$27,450

Florida

$28,890

Michigan

$28,345

Texas

$27,450

Arizona, California, and Texas offer the best prices for the 2020 Jeep Cherokee which is $1000 less than the other states. This is due to the lower destination charge in these three states.

True Cost to Own

The true cost to own the Jeep Cherokee aggregates to $42,921 and is greatly influenced by the high depreciation charges, Fuel and Financing. These figures in the chart should help you make an informed choice about the depreciation and other costs you might incur to own the vehicle. 

 

Year 1

Year 2

Year 3

Year 4

Year 5

Total

Tax Credit

$0

$0

$0

$0

$0

$0

Insurance

$757

$783

$811

$839

$869

$4,059

Maintenance

$152

$596

$399

$722

$1,116

$2,985

Repairs

$0

$0

$179

$426

$622

$1,227

Taxes & Fees

$1,923

$93

$93

$93

$93

$2,295

Financing

$1,945

$1,565

$1,158

$724

$262

$5,654

Depreciation

$10,133

$1,751

$1,657

$1,942

$1,841

$17,324

Fuel

$1,766

$1,819

$1,874

$1,930

$1,988

$9,377

True Cost to Own

$16,676

$6,607

$6,171

$6,676

$6,791

$42,921

Competition

The Jeep Cherokee Trailhawk trim vastly outweighs the competition in raw power due to its powerful 3.2-liter V-6 engine and 9-speed automatic transmission generating 271 horsepower. The remarkable engine complements the off-road ability of the Trailhawk.

Models

2020 Jeep Cherokee Trailhawk 4dr 4x4

2019 Mazda CX5 Signature 4dr All-wheel Drive Sport Utility

2019 Honda CR-V EX-L 4dr All-wheel Drive

MSRP

$34,505

$36,890

$31,250

Engine

3.2-liter V-6 (regular gas)

2.5-liter I-4 (regular gas)

1.5-liter I-4 (regular gas)

Transmission

9-speed automatic w/OD and auto-manual

6-speed automatic w/OD and auto-manual

2-speed CVT w/OD

Horsepower

271 hp

227 hp

190 hp

Torque

239 lb./ft.

310 lb./ft.

179 lb./ft.

The competition, Honda CR-V and the Mazda CX-5 are miles behind the Jeep Cherokee in terms of engine performance and transmission. Mazda CX-5 offers less than the Trailhawk for the price in the market. 

Conclusion

When you have plenty of options available, one of them might turn out to be magnificent. Similarly, the 2020 Jeep Cherokee Trailhawk is the one that fits this category with better offerings as opposed to its competition, the Mazda CX-5, and the Honda CR-V. It not only beats them in performance but also is affordable at the same time. 

2020 Jeep Cherokee Price Reviews


Steven L. Jarvis

Steven L. Jarvis 2020 Jeep Cherokee Latitude 4dr SUV 4WD (2.4L 4cyl 9A)

9
9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star

User Overall Rating

Will never let you forget its a budget trim of Cherokee

Price Review -

8
8 star 8 star 8 star 8 star 8 star 8 star 8 star 8 star

Price Rating

A budget suv that never fails to remind me about its pricing.

8/10

Features

7/10

Interior

9/10

Design

9/10

Safety

9/10

Reliability

8/10

Deal Value

8/10

Dealer Review


William N. McPhearson

William N. McPhearson 2020 Jeep Cherokee Trailhawk 4dr SUV 4WD (3.2L 6cyl 9A)

9
9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star

User Overall Rating

So many equipment missing

Price Review -

9
9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star

Price Rating

Leased @ $369/m for 36 months. Could have done better with the optional stuff and pricing there

7/10

Features

10/10

Interior

9/10

Design

9/10

Safety

8/10

Reliability

9/10

Deal Value

10/10

Dealer Review

Top User Reviews


9
9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star

User Overall Rating

"Will never let you forget its a budget trim of Cherokee"

I love the way it drives where it just nails the city commuting and never gets on my nerves of having to go through endless hassle to park it. Albeit I've been paying the price at the gas stations.
by Steven L. Jarvis

9
9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star 9 star

User Overall Rating

"So many equipment missing"

Quite evident that the Trailhawk is specifically made to tear apart those off tarmac drives and still does well on asphalt. I still believe everything could have been a lot better in terms of inclination towards the offroading for which it is made. Starting off with the handling, I did not expect it to do stunning on corners or in back lanes but the stiffness is just unacceptable ( in low speeds)....
by William N. McPhearson