Real price data

What should you pay for a 2018 Jeep Cherokee?

Original MSRP

$24,395

When new

Fair market price

$13,854

Mileage-adjusted

Below MSRP

$10,541

A fair used price

Where prices land

$7,999Fair price $13,854$21,945

25th $11,967 · 75th $16,473 · MSRP $24,395

Spread of current 2018 Jeep Cherokee listings · 25th–75th percentile marked.

Negotiating leverage

78

out of 100

strong leverage

~70 days of national supply — strong leverage to negotiate.

Ridekick's negotiating-leverage score blends national Market Day Supply with how far listings sit above the mileage-adjusted fair price. Higher means more room to negotiate.

Market demand & negotiating leverage

70days of supply

Buyer's market

Inventory is moving slowly, so buyers typically have more room to negotiate on a 2018 Jeep Cherokee.

National Market Day Supply — how long it would take to sell the current used 2018 Jeep Cherokee inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.

Estimated dealer cost (invoice)

$22,443$23,419

Estimated dealer invoice — about $24,395 MSRP minus a typical 48% manufacturer margin.

An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.

Fair price by trim

TrimFair priceMSRPEst. dealer cost
Tech Connect$12,393$26,190$24,095–$25,142
Latitude$12,898$24,395$22,443–$23,419
Latitude Plus$13,505$26,295$24,191–$25,243
Limited$14,318$31,295$28,791–$30,043
Trailhawk Leather Plus$15,096
Trailhawk$15,262$30,995$28,515–$29,755
Overland$16,601$37,340$34,353–$35,846
Tech Connect
$12,393
Latitude
$12,898
Latitude Plus
$13,505
Limited
$14,318
Trailhawk Leather Plus
$15,096
Trailhawk
$15,262
Overland
$16,601

Safety & recalls

7 open NHTSA recalls on record for the 2018 Jeep Cherokee.

FUEL SYSTEM, GASOLINE:DELIVERY:HOSES, LINES/PIPING, AND FITTINGS

Chrysler (FCA US LLC) is recalling certain 2018 Jeep Cherokee vehicles equipped with a 2.4L engine. These vehicles may have been manufactured with a fuel tube that may leak fuel into the engine compartment.

Remedy: Chrysler will notify owners, and dealers will inspect the fuel tube, replacing it as necessary, free of charge. The recall began May 24, 2018. Owners may contact Chrysler customer service at 1-800-853-1403. Chrysler's number for this recall is U39.

Campaign 18V282000 · 01/05/2018

POWER TRAIN:AXLE ASSEMBLY:AXLE SHAFT

Chrysler (FCA US LLC) is recalling certain 2018 Jeep Cherokee all-wheel-drive vehicles. The bearing cage for the right front halfshaft assembly may not have been properly heat treated, possibly resulting in the bearing cage breaking and a potential halfshaft assembly failure.

Remedy: Chrysler will notify owners, and dealers will replace the front right halfshaft assemblies, free of charge. The recall began September 20, 2018. Owners may contact Chrysler customer service at 1-800-853-1403. Chrysler's number for this recall is U78.

Campaign 18V494000 · 26/07/2018

ELECTRICAL SYSTEM:WIRING

Chrysler (FCA US LLC) is recalling certain 2014-2018 Dodge Journey, Charger and Durango, RAM 2500, 3500, 3500 Cab Chassis (more than 10,000lb), 4500 Cab Chassis and 5500 Cab Chassis, Jeep Cherokee and Grand Cherokee and Chrysler 300, 2014-2019 RAM 1500, 2015-2018 Dodge Challenger, 2015-2017 Chrysler 200, 2016-2018 RAM 3500 Cab Chassis (less than 10,000 lb), 2017-2018 Chrysler Pacifica and 2018 Jeep Wrangler vehicles. These vehicles are being recalled to address a defect that could prevent the cruise control system from disengaging. If, when using cruise control, there is a short circuit within the vehicle's wiring, the driver may not be able to shut off the cruise control either by depressing the brake pedal or manually turning the system off once it has been engaged, resulting in either the vehicle maintaining its current speed or possibly accelerating.

Remedy: Chrysler will notify owners, and dealers will inspect the software, and perform a software flash on the engine or powertrain control module, free of charge. The recall began June 4, 2018. Owners may contact Chrysler customer service at 1-800-853-1403. Note: Owners are advised to stop using cruise control until the software update has been performed. In the event that cruise control cannot be disengaged while driving, owners should firmly and steadily apply the brakes and shift the transmission to neutral, placing the vehicle in park once it has stopped.

Campaign 18V332000 · 17/05/2018

EQUIPMENT:OTHER:LABELS

Chrysler (FCA US LLC) is recalling certain 2017-2018 Jeep Cherokee vehicles. The tire and rim size information required to be on the Certification label was omitted during manufacturing, which may result in an incorrect tire and rim combination being installed on the vehicle. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard (FMVSS) number 110, "Tire Selection and Rims."

Remedy: Chrysler will notify owners and will provide a corrected certification label, free of charge. The recall began October 13, 2017. Owners may contact Chrysler customer service at 1-800-853-1403. Chrysler's number for this recall is T53.

Campaign 17V543000 · 31/08/2017

ELECTRICAL SYSTEM:WIRING:FRONT UNDERHOOD

Chrysler (FCA US LLC) is recalling certain 2018 Jeep Renegade, Compass and Grand Cherokee, RAM 1500 and Promaster, Fiat 500x, Dodge Journey, Challenger, Charger and Durango and Chrysler 300x vehicles, 2017-2018 Jeep Wrangler, Dodge Grand Caravan and Chrysler Town and Country vehicles and 2018-2019 Jeep Cherokee and 2018 Chrysler Pacifica and Pacifica Hybrid vehicles. The powertrain control module may be equipped with a voltage regulator chip in the circuit board that may fail, causing a stall or a no start condition.

Remedy: Chrysler will notify owners, and dealers will replace the powertrain control module, free of charge. The recall began October 2, 2018. Owners may contact Chrysler customer service at 1-800-853-1403. Chrysler's number for this recall is U87.

Campaign 18V524000 · 09/08/2018

ENGINE AND ENGINE COOLING:ENGINE

Chrysler (FCA US LLC) is recalling certain 2018 Jeep Cherokee and Compass vehicles equipped with 2.4L engines. The engines may have a cracked oil pump housing that can result in oil pump failure.

Remedy: Chrysler will notify owners, and dealers will inspect the oil pump, replacing it as necessary, free of charge. The recall began December 5, 2017. Owners may contact Chrysler customer service at 1-800-853-1403. Chrysler's number for this recall is T65.

Campaign 17V670000 · 24/10/2017

POWER TRAIN

Chrysler (FCA US, LLC) is recalling certain 2017-2019 Jeep Cherokee vehicles. The power transfer unit (PTU) may become damaged and disengage the transmission and differential, resulting in a loss of drive power and/or loss of park function.

Remedy: Dealers will update the drivetrain control module and PTU software and replace the PTU, as necessary free of charge. Owner notification letters were mailed beginning February 19, 2026. Owners may contact FCA customer service at 1-800-853-1403. FCA's number for this recall is 01C.

Campaign 25V011000 · 29/04/2025

Source: NHTSA. Contact your dealer to schedule a free recall repair.

Frequently asked questions

What is a fair price for a 2018 Jeep Cherokee?

A fair, mileage-adjusted price is about $13,854, within a typical market range of $11,967 to $16,473.

Is the 2018 Jeep Cherokee cheaper than MSRP?

Yes — its original MSRP was about $24,395, so a fair used price is roughly $10,541 below MSRP.

Is now a good time to buy a 2018 Jeep Cherokee?

There are about 70 days of national market supply for the 2018 Jeep Cherokee Inventory is moving slowly, so buyers typically have more room to negotiate on a 2018 Jeep Cherokee.

How much can you negotiate on a 2018 Jeep Cherokee?

Negotiating leverage rates 78/100 (strong). ~70 days of national supply — strong leverage to negotiate.

What does the dealer pay for a 2018 Jeep Cherokee?

The estimated dealer cost (invoice) is roughly $22,443$23,419 — its $24,395 MSRP minus a typical 48% margin. An estimate; actual invoice varies.

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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 6/24/2026. Estimates only; your price depends on condition, options, and location.