Jeep - Cherokee (1998)

The iconic Jeep Cherokee 1998 has long been celebrated for its rugged off‑road capability and versatile design. Whether you’re a seasoned enthusiast or a first‑time buyer, understanding what a Jeep Cherokee 1998 price looks like is key to making an informed decision. This detailed overview will walk you through the core specs, depreciation trends, and market context to help you gauge the true value of a used Jeep Cherokee.

Key Specifications Overview

• Engine: 2.5‑L I‑4 (Red Line) or 3.4‑L V6 options; 30‑50 hp/200‑240 lb‑ft torque
• Transmission: 4‑speed automatic (G70) or 5‑speed manual (P75); 4‑wheel drive base with optional 2‑wheel drive
• Fuel Type: Conventional gasoline; early models primarily 25‑automatic
• Performance: 0‑60 mph in 12‑15 seconds; 4‑wheel drive with selectable front‑high/low mode
• Dimensions:
  • Wheelbase: 108.2 in
  • Length: 167.3 in
  • Width: 68.1 in
  • Height: 68.1 in
  • Weight: 3,650‑4,300 lb (varies by configuration)
• Interior & Comfort: 5‑passenger seating, basic cloth upholstery, optional navigation and premium audio packages
• Safety: Front airbags, anti‑roll bars, sway bars; optional hill‑start assist (depending on trim)
• Cargo Capacity: 10‑12 cubic feet behind rear seats; 28 cubic feet with rear seats folded
• Tires: Season‑specific: off‑road terrain pack (all‑terrain), street‑mountable “HDR” options.
• Suspension: Independent front, solid rear axle with RWD, heavy‑duty shocks for off‑road use
• Other notable features: Power‑train control, center vacuum system, 60/40 split rear seats.

Depreciation Insight for the 1998 Model

Understanding Jeep Cherokee depreciation is essential when evaluating a vintage SUV. Graded by year of purchase and mileage, depreciation patterns span the life of the vehicle and influence market pricing.

• Initial depreciation: Typically loses 15‑20% of its value during the first year of ownership.
• Short‑term (2‑3 years): Another 15‑20% decline, reflecting immediate wear on key components such as tires and suspension.
• Mid‑term (5‑7 years): Expect a cumulative loss of approximately 45‑55% of the original purchase value, driven by engine and transmission wear.
• Long‑term (10‑15 years): Market valuations can fall to 35‑45% of the original MSRP due to body rust, mechanical degradation, and competition from newer model families.
• 21‑25 year bracket: Value continues to shrink to around 20‑30% of its initial cost, although ownership costs (fuel & maintenance) may remain reasonable.

On average, a 1998 Jeep Cherokee commonly fetches a used Jeep Cherokee price that mirrors its age, mileage, and overall condition. With proper maintenance, many owners ensure that their vehicle remains functional and reliable for decades despite nominal price drop.

What is a 1998 Jeep Cherokee Worth?

When answering the headline question, what is a 1998 Jeep Cherokee worth?