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2006 Jeep Grand Cherokee
Invoice: $25,179 - $38,800
Miles Per Gallon
City: 14 MPG - 17 MPG
Highway: 19 MPG - 22 MPG
Body Style: N/A
Engines: 3.7L V-6 210 HP, 4.7L V-8 230 HP, 5.7L V-8 330 HP, 6.1L V-8 420 HP
The Jeep Grand Cherokee is an icon among sport utility vehicles. It looks wonderful; it's powerful but quiet at the same time; it offers good space efficiency and comes loaded with standard and optional features.
The Grand Cherokee comes in four trim levels: Laredo, Limited, Overland, and SRT8. The Laredo comes with a 210-horsepower, 3.7-liter V6 and a five-speed automatic transmission. The 4.7-liter overhead-cam V8 is optional with 2WD or 4WD. The Limited comes with the 4.7-liter V8 and leather upholstery. The Hemi is optional on both 2WD and 4WD Limiteds, and when ordered on the latter comes with Jeep's latest Quadra-Drive II full-time active 4WD. The Overland comes with the 5.7-liter Hemi, and adds things like a wood-and-leather steering wheel, two-tone leather and ultra-suede seats, and a ParkSense reverse-parking sensor. The Overland 4WD adds Quadra-Drive II. The SRT8 comes with a 6.1-liter Hemi rated 420 horsepower, a lowered suspension and its own electronic all-wheel-drive system.
For 2006, the Jeep Grand Cherokee comes in a performance enhanced SRT8 edition and a new Overland model.
Purchasing an older vehicle, such as the 2006 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 2006 Jeep Grand Cherokee for less money than when it was new. If the 2006 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 2006 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 2006 Jeep Grand Cherokee will have a very good resale value. This assumes that the 2006 Jeep Grand Cherokee is in good condition and has a reasonable number of miles.
Find a used 2006 Jeep Cherokee for sale at CarsDirect.
