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2002 Jeep Grand Cherokee
Invoice: $23,733 - $33,985
Miles Per Gallon
City: 14 MPG - 15 MPG
Highway: 19 MPG - 21 MPG
Body Style: N/A
Engines: 4.0L I-6 195 HP, 4.7L V-8 265 HP
Jeep's Grand Cherokee was one of the forerunners to the current SUV craze, and it's been around long enougha decade nowthat you might think of it as old news. Nothing could be farther from the truth. It got a complete redesign in 1999 that brought a roomier, more comfortable cabin and smoother engines, which helped it maintain healthy sales. For 2002 a new topline Overland model has been introduced, with a standard combination of formerly optional equipment that includes suede leather seat inserts and the full complement of hardcore offroad pieces such as skid plates, raised suspension and limitedslip axles. The Grand Cherokee successfully rides on the thin ice of appealing to fourwheeldrive fashion while actually offering true offroad capability. This is the hardcore offroader of the class, but it's trimmed to keep up with the boulevardcruising pavement SUVs.
Purchasing an older vehicle, such as the 2002 Jeep Grand Cherokee, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2002 Jeep Grand Cherokee for less money than when it was new. If the 2002 Jeep Grand Cherokee was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2002 Jeep Grand Cherokee is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2002 Jeep Grand Cherokee will have a very good resale value. This assumes that the 2002 Jeep Grand Cherokee is in good condition and has a reasonable number of miles.
Find a used 2002 Jeep Cherokee for sale at CarsDirect.
