Resale value has always been a major factor for Jeep Cherokee owners.
With SUVs holding their place as one of the most in-demand vehicle segments, protecting the long-term worth of your Cherokee is about more than just mileage and condition. Warranties, specifically transferable extended warranties, are now playing a larger role in used SUV pricing.
The question for many owners is whether adding coverage like Mopar FlexCare can give their Cherokee an edge when it’s time to sell.
How Resale Value Trends for the Jeep Cherokee
The Jeep Cherokee has long been a popular choice for drivers who want a balance of off-road capability and on-road comfort. However, resale values can vary depending on trim level, powertrain, and how well the SUV is maintained. Recent data shows that midsize SUVs tend to retain value longer than sedans but face more depreciation than larger three-row models.
Jeep Cherokee Resale Value Estimates
| Model Year | Average 5-Year Depreciation | Projected Resale Value (Good Condition) |
|---|---|---|
| 2020 | 47% | $18,000–$20,000 |
| 2021 | 45% | $20,500–$22,500 |
| 2022 | 44% | $23,000–$25,000 |
| 2023 | 42% | $25,500–$27,500 |
| 2024 | 40% | $27,500–$29,500 |
Estimates based on industry resale tracking for midsize SUVs.
The Role of an Extended Warranty in Resale Value
A transferable warranty Jeep owners can include in their sale often increases buyer confidence. Pre-owned shoppers typically fear costly repair bills, especially as vehicles pass the 60,000-mile mark. Offering extended warranty coverage at the time of sale reduces that uncertainty.
Extended Coverage vs. No Coverage
| Scenario | Buyer Perception | Likely Impact on Resale Price |
|---|---|---|
| No Extended Warranty | Higher risk | Lower offers, reduced buyer pool |
| Extended Warranty (Not Transferable) | Neutral | Minimal effect |
| Transferable Mopar FlexCare Jeep Plan | High confidence | Higher resale offers, faster sale |
Why Buyers Value Transferable Coverage
The key factor is transferability. Unlike service contracts that end with the first owner, Mopar FlexCare coverage can be passed to the next buyer. This turns a used Cherokee into a safer purchase, protecting against major repair costs on items like the transmission, engine components, and electronics. For many buyers, that security is worth paying more upfront.
Mopar FlexCare Jeep Coverage Options
Mopar FlexCare plans are structured to protect against the repair costs most likely to impact Jeep Cherokee resale value.
| Plan Name | Coverage Highlights | Transferable? |
|---|---|---|
| Maximum Care | Nearly all components, including electronics, drivetrain, and high-tech features | Yes |
| Added Care Plus | Covers major mechanical systems like engine, transmission, and driveline | Yes |
| Powertrain Care | Protects only the core powertrain components | Yes |
By offering buyers extended protection beyond the factory warranty, these plans can make a Cherokee more attractive in a crowded used SUV market.
Bottom Line
If you’re considering keeping or selling your Cherokee, Mopar FlexCare coverage is worth looking at. Visit BuyMoparWarranty.com to review your options and secure a plan that protects both your ownership experience and your resale value.
FAQs About Jeep Cherokee Resale Value and Warranties
Does an extended warranty really improve Jeep Cherokee resale value?
Yes, especially if the warranty is transferable. Buyers are more likely to pay a premium for a Cherokee that comes with ongoing coverage.
What is a transferable warranty Jeep owners can use?
A transferable warranty is one that moves with the vehicle, not the owner. Mopar FlexCare plans can be passed on to the next buyer.
How much does extended warranty coverage cost for a Jeep Cherokee?
Pricing depends on model year, mileage, and plan choice. Coverage can range from basic powertrain protection to full Maximum Care.
Is Mopar FlexCare worth it for Cherokee owners planning to sell?
For many owners, yes. It can help maintain resale value and expand the buyer pool.
Can I buy Mopar FlexCare coverage after my factory warranty ends?
Yes, but it’s typically more affordable to lock in coverage before your factory warranty expires.
