Used 2016 Jeep Cherokee for Sale near Prince Edward Island

How much does the 2016 Jeep Cherokee cost?

Prices have softened 15.99% compared to this time last year, making it a favourable time to shop this model year.

There are 341 listings available, which gives you a reasonable amount of inventory to compare before you buy.

Is the 2016 Jeep Cherokee a good car?

Generally — the 4.12/5 user rating suggests you can feel reasonably confident shopping this model year. Drivers commonly praise its sporty feel, comfortable interior, and adequate power, and many also like its convenient size and features such as heated seats and a heated steering wheel. In practical terms, that makes it a fit if you want a compact SUV with everyday usability and a bit of Jeep character rather than a purely conventional crossover. With 24.6% of listings marked as good or great deals, you still have some room to shop selectively.

Is the 2016 Jeep Cherokee reliable?

Owners rate it 4.12/5, a solid signal of long-term satisfaction.

User feedback points to a mix of confidence and caution: drivers describe it as comfortable and enjoyable to live with, while also raising concerns about build quality, especially around engine and transmission reliability. That means you should pay close attention to service records and how the vehicle has been maintained, because long-term ownership risk is more about condition and history than the badge alone.

Is now a good time to buy a used 2016 Jeep Cherokee?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile listings.

• Deal availability: 24.6% of listings are priced as good or great deals.
• Inventory: There are 341 listings available.
• Price trend: Prices have softened 15.99% compared with last year.

If you find a listing below $12,091 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Jeep Cherokee's resale value?

The current average of $12,173 CAD sits slightly below last year's $14,490 CAD.

That price movement suggests the market has already adjusted downward, which can make the vehicle easier to buy now but may also limit upside for a future seller. If you plan to own it for a while, the softer pricing can work in your favour at purchase time. If you expect to resell sooner, you should factor in that the market has been trending lower rather than higher.

Vehicles with solid owner satisfaction ratings, like this model year's 4.12/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Jeep Cherokee or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 24.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 15.99% compared with last year.
• Owners rate it 4.12/5 — a solid satisfaction signal.

The bottom line: The 2016 is a sensible choice if you want a Cherokee with a decent mix of comfort, character, and current market value. You should focus on this year if you like the feature set and want to take advantage of softer pricing. If you are especially price-sensitive, nearby years may still be worth comparing, but the 2016 stands out as the more balanced buy when you want a mix of value and owner satisfaction.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.