What Is A 1993 Jeep Cherokee Worth?

by | Last updated on January 24, 2024

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The value of a used 1993 Jeep Grand Cherokee ranges

from $268 to $1,357

, based on vehicle condition, , and options.

What is high mileage for a Jeep Cherokee?

They explain that the longevity of your Jeep depends on proper care and maintenance, as well as the model year. Some earlier Grand Cherokee models last beyond 200,000 miles, while others meet their makers around 150,000 miles. Also, newer models, such as the 2011 Grand Cherokee, have lasted longer than

300,000 miles

.

Do Jeep Cherokees hold their value?

A Jeep Grand Cherokee will depreciate 51% after 5 years and have a 5 year resale value of $23,561. The Jeep Grand Cherokee

does an OK job of holding its value

, but it's not great. … Our depreciation calculator will predict an expected resale value for the Jeep Grand Cherokee.

How much is a Jeep Cherokee worth?

The Jeep Cherokee's

starting price of $26,510

is one of the highest in the class. There are several other trims available, with the Cherokee Trailhawk ($35,550) and High Altitude ($36,245) models being the most expensive.

Why are old Jeep Cherokees so cheap?


Supply and Demand

. The main reason that used Jeep Cherokees tend to be less expensive than other used midsized SUVs comes down to the simple principle of supply and demand. … However, now there are more used Cherokees on the market than there are people who are looking to buy them. This means that prices are low.

What are the worst years for Jeep Cherokee?

As per data collected, the worst Grand Cherokees to purchase are models

2011, 2014, and 2015

. Although you're already familiar with the three different year models of the Grand Cherokee that you should cross out from your list, it's always best to understand why they have bad reputations.

Do Jeep Cherokees have a lot of problems?

While the fifth generation (2014-2020) of the Jeep Cherokee is known for its transmission problems, the

2014 and 2015 models are said to be the most problematic

. These models suffer from stuck gears, poor throttle response, and rough coasting.

What year is the most reliable Jeep Cherokee?

  • The 2010 Grand Cherokee. Via: The Car Connection. …
  • Fewer Electrics, Fewer Problems. Via: Select Jeeps Inc. …
  • And Affordable. Via: Pintrest.

At what mileage do Jeeps start having problems?

The Jeep Wrangler starts to have major mechanical problems right

around 100,000 miles

. Cherokees are a bit more reliable. They can run for up to 200,000 miles before experiencing the same difficulties. Other Jeep models are varied and can start having problems between 100,000 and 150,000 miles.

What is the average lifespan of a Jeep Cherokee?

Jeep Models Average Lifespan (years) Average Miles Cherokee

15-20


200k-400k
Renegade 5 50k Patriot 15-20 100k-200k Liberty 15-20 180k-300k

What is the cheapest 2021 Jeep Cherokee?

The least-expensive 2021 Jeep Cherokee is the

2021 Jeep Cherokee Latitude 4dr SUV

(2.4L 4cyl 9A). Including destination charge, it arrives with a Manufacturer's Suggested Retail Price (MSRP) of about $27,210.

Why are Jeep Cherokees so expensive?

The market has a high demand for SUVs, and Jeep can price theirs higher because they

are fewer of them on the market than other SUVs

. That also reduces the supply of used Jeeps. Of all the automakers producing SUVs, Jeep is the only one that has V8 and diesel options for some of its vehicles, like the Grand Cherokee.

How much should I pay for a 2020 Jeep Cherokee?

The least-expensive 2020 Jeep Cherokee is the 2020 Jeep Cherokee Latitude 4dr SUV (2.4L 4cyl 9A). Including destination charge, it arrives with a Manufacturer's Suggested Retail Price (MSRP) of

about $25,840

. Other versions include: Limited 4dr SUV 4WD (3.2L 6cyl 9A) which starts at $34,845.

Why is Jeep so unreliable?

One of the most noticeable areas in which the Jeep Wrangler received a low reliability rating is its in-car electronics. Technical issues can lead to

shockingly pricey maintenance

and days without your vehicle while it spends time in the mechanic's garage.

Which Jeep is most reliable?


The Grand Cherokee

is, by far, the Jeep with the highest road test score thanks to its accomplished ride, handling, seat comfort and easy controls. Reliability is a mixed bag across the brand.

Why are Jeep Cherokees so popular?

One reason the XJ Cherokee become so popular was that

it was ahead of its time

. It was one of the first modern, compact sport utility vehicles that fused all-terrain capability, practicality and less-than-ogreish on-road manners.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.