Jeep - Cherokee (2004)

Discovering the true value of a 2004 Jeep Cherokee can be tricky. Whether you’re curious about the Jeep Cherokee price today or asking “what is a 2004 Jeep Cherokee worth?”, you’ll find that many factors influence the cost. From its rugged capability to how quickly it depreciates, this guide walks you through the details that matter most in today’s used‑car market.

• Model Year: 2004
• Vehicle Type: Mid‑size SUV
• Engine: 3.8‑liter V‑6 (produces 210 hp, 240 lb‑ft torque)
• Transmission: 4‑speed automatic (optional 5‑speed manual)
• Drive Layout: 4x4 (AWD)
• Fuel Type: Regular unleaded gasoline
• Fuel Economy: 16 mpg city / 20 mpg highway (EPA estimate)
• Wheelbase: 112.5 inches
• Overall Length: 168.3 inches
• Width: 75.3 inches (excluding mirrors)
• Height: 65.9 inches
• Cargo Capacity: 45.3 cu ft with rear seats folded
• Weight: Approx. 4,300 lbs (varies by trim and options)
• Safety Features: Dual front airbags, seat‑belt pretensioners, anti‑roll bars, and optional rear‑view camera in later models

These specifications give a baseline for any used Jeep Cherokee price assessment. Owners and buyers often wonder whether buying a used Cherokee offers good value, especially when discussing the vehicle’s depreciation patterns.

Jeep Cherokee Depreciation Overview

• Typically loses 15–20 % of its value in the first year.
• Over five years, depreciation can reach 50–65 %, depending on mileage, condition, and market demand.
• Higher mileage, less maintenance, or aftermarket modifications can accelerate value loss.
• Conversely, a well‑maintained vehicle with low miles may retain 60–70 % of its original price after five years.

Because the 2004 Cherokee was one of Jeep’s most popular models, its depreciation curve tends to be slightly gentler than newer trims. This durability keeps many buyers interested, especially those who value off‑road capability and a strong resale potential among compact SUVs.

In terms of compared to similar models, the 2004 Jeep Cherokee sits solidly in the mid‑size SUV bracket next to the Toyota RAV4 and Honda CR‑V. While the RAV4 offers a slightly lower fuel economy and the CR‑V emphasizes a more comfortable ride, the Cherokee still captures buyers who seek a blend of on‑road comfort and off‑road prowess.

Market Position

The 2004 Jeep Cherokee remains popular in the