Is the $8,995 price on this 2020 Jeep Cherokee a good deal?

OAV rates this as a Great Deal because the asking price of $8,995 is below the typical market range for this vehicle.

How long does a 2020 Jeep Cherokee typically stay on dealer lots?

Comparable Jeep Cherokee listings in NC spend an average of 73 days on dealer lots.

Where is this 2020 Jeep Cherokee located?

This vehicle is listed in Charlotte, NC 28227. VIN: 1C4PJLLB3LD561025. Mileage: 166,500 miles.

What is the fair market price range for this 2020 Jeep Cherokee?

OAV's Price-to-Market analysis estimates the fair market range is $13,139 to $18,600, based on 35 comparable listings matched to this vehicle.

2020 Jeep Cherokee Latitude Plus for Sale in Charlotte, NC

No Photo Available

Vehicle Details

VIN1C4PJLLB3LD561025

TrimLatitude Plus

Exterior ColorGray

DrivetrainFWD

Engine2.4L I4

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot90

Latitude Plus

Great Deal

$8,995166,500 mi

Charlotte, NC 28227

Is this 2020 Jeep Cherokee Latitude Plus a good deal?

OAV verdict: Great Deal

Why: Listed at $8,995, comparable market range $13,139–$18,600, based on 35 comparable listings. Days on lot: 90 days (market average 73 days).

Market price position

$8,995 · $4,144 below market low

Comparable range: $13,139 – $18,600
vs. market low: — $4,144 (32% below)
Comparable vehicles: 35

Market Retail Price (MRP™)

$15,870

This vehicle $8,995 · $6,875 (43%) below MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$11,849

This vehicle $8,995 · $2,854 (24%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-31) — an estimate, not an appraisal. How TRV works.

Demand-Verified· Backed by recent sales data

Similar vehicles recently sold in an estimated 15–61 days.

Verify before inquiring

This listing is priced about 32% below the lowest comparable vehicle in the regional market. Discounts at this scale frequently indicate accident damage, branded title (salvage or rebuilt), or undisclosed mechanical issues. Strongly recommend pulling a vehicle history report and inspecting listing photos carefully before inquiring.

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges are rebuilt from the market snapshot shown above.

Regional Range$13,139 – $18,600

Speed Auto Inc

Charlotte, NC

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

View all vehicles from speed auto inc →

Request availability and out-the-door price

OAV will route your inquiry to Speed Auto Inc for current availability of this 2020 Jeep Cherokee Latitude Plus and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2020 Jeep Cherokee

Listing updated: Jul 31, 2026

Listed by an independent dealer in Charlotte, NC · On lot for 90 days · VIN verifiable at NHTSA

This used 2020 Jeep Cherokee Latitude Plus is listed at $8,995 by speed auto inc in Charlotte, NC 28227. It has 166,500 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Gray. It features a FWD drivetrain with a 2.4L I4 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as a Great Deal — priced below market value. Based on 35 comparable listings matched to this vehicle for its price verdict, the estimated market range is $13,139 to $18,600.

This vehicle has been on the lot for 90 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

Market context

This listing is part of OAV's broader Charlotte, NC suvs market analysis. OAV compares vehicles using local and regional price-to-market ranges, days-on-lot, comparable count, and demand signals where available.

How this deal is rated

OAV compares this 2020 Jeep Cherokee against similar vehicles currently available in the local and regional market — same make, model, and year range, filtered for comparable mileage. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the typical range for comparable vehicles.
Fair Price — priced within the expected range for comparable vehicles.
Overpriced — priced above the typical range for comparable vehicles.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners surface additional verification signals.

How this listing is verified

This vehicle listing was aggregated from an independent dealer in Charlotte, NC, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1C4PJLLB3LD561025 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2020 Jeep Cherokee Market in NC

NC Market Listings

347

Average Price

$16,515

Price Range

$5,997–$35,488

Avg Days on Lot

Based on all 347 2018-2022 Jeep Cherokee listings in the NC market, the average asking price is $16,515. This listing at $8,995 is $7,520 below average (46% below market). Comparable prices in NC range from $5,997 to $35,488. Similar vehicles spend an average of 73 days on dealer lots in this market.