Jeep - Cherokee (1996)

Thinking of buying a Jeep Cherokee? Whether you’re eyeing a modern model or a classic 1996 edition, knowing the Jeep Cherokee price for the year you’re interested in can make all the difference. Prices for the Jeep Cherokee 1996 price will differ by trim, mileage, condition, and market, but the overall value trend remains clear: these rugged SUVs hold their resale value better than many other cars in the same segment. If you’re intrigued by the aging charm of a 1996 Jeep Cherokee, read on to discover what to expect, how depreciation plays out, and whether you’re looking at a solid investment.

• Engine: 4.0L V6 (1996) or turbo‑charged 4.6L I6 (newer models)
• Transmission: 4‑speed manual (pre‑2002) or 5‑speed automatic (post‑2004)
• Drive Type: 4×4 available on all trims
• Fuel Type: Gasoline
• Motorcycle Dimensions: 176.3 in (L) × 72.6 in (W) × 70.4 in (H)
• Cargo Capacity: 41.9 cu ft behind the rear seats, 68.3 cu ft with seats folded
• Ground Clearance: 8.5‑9.5 in (varies by model year)
• Peak MPG: 20‑22 mpg city / 24‑26 mpg highway on 4.0L; 18‑20 mpg city / 22‑24 mpg highway on newer twins
• Towing Capacity: 5,069 lbs
• Typical MSRP: 18,000‑30,000 USD for new generation, 6,000‑12,000 USD for 1996 vintage models

--- What is a 1996 Jeep Cherokee worth? In nearly every major market, the average price range for a well‑maintained 1996 Jeep Cherokee typically falls between $6,000 and $10,000. If you’re seriously analyzing the used Jeep Cherokee price for a specific vehicle, key factors that influence value include mileage, general upkeep, and any aftermarket upgrades. Naturally, a clean title, recent maintenance records, and a low mileage history boost the automotive fair market value of a classic.

Depreciation Insight

Jeep Cherokee depreciation is a central question for prospective buyers who value long‑term investment. Research indicates that a new or near‑new Cherokee typically loses 15‑20% of its value in the first year, which is slightly less steep compared to many conventional sedans. After that, the vehicle’s value stabilizes, with an average annual depreciation of around 12‑15% for the next three years. Post‑5‑year depreciation slows further, which is why the 1996 and other older models can maintain a percentage of their pre‑market value for up to a decade or more. This trend is partly because the Jeep Cherokee’s sturdy construction and 4×4 drivetrain appeal to off‑road enthusiasts, keeping demand relatively resilient.

Key Takeaways

• First year: ~15-20% off original purchase price
• Years 2‑5: ~12-15% annual depreciation
• After five years: slower, ~7-10% per year

--- Comparison Context

When you compare the Jeep Cherokee price to similar midsize SUVs from the same era, the Cherokee pulls ahead in terms of all‑terrain affordability. The Chevrolet TrailBlazer, Ford Explorer, and GMC Jimmy may offer comparable interior space and fuel efficiency, but they typically resell at a higher price point when you account for their depreciation curves. A 1996 TrailBlazer can command 10‑15% less resale value than a comparable Cherokee in the same condition, largely due to less favorable aftermarket support and limited off‑road credibility.

Similarly, modern siblings like the Jeep Cherokee 2nd generation (2014‑2018) sit at a more premium price point thanks to advanced safety features, but their depreciation is more aggressive—roughly 20‑25% in the first year—because of rapid shifts in technology. That’s why a used 1996 Cherokee can often be found at a competitive used Jeep Cherokee price range with solid warranties and parts availability.

Market Position Statement

The Jeep Cherokee has established a legacy in the compact luxury crossover segment, with a strong reputation for durability, all‑wheel drive capability, and a broad enthusiast base. Today’s Cherokee models keep the name prominent in the SUV market segment, where buyers value a balance between off‑road performance and everyday usability. For the classic 1996 edition, the vehicle remains a coveted choice in off‑road enthusiast circles and among collectors of rugged, retro style.

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