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2007 Jeep Grand Cherokee
Invoice: $25,802 - $40,979
Miles Per Gallon
City: 12 MPG - 17 MPG
Highway: 15 MPG - 22 MPG
Body Style: N/A
Engines: 3.7L V-6 210 HP, 4.7L V-8 235 HP, 5.7L V-8 330 HP, 6.1L V-8 420 HP
The Jeep Grand Cherokee retains the rugged spirit of a midsize Jeep SUV, combined with the engineering and quality control closer to the Daimler-Benz tradition.
The Grand Cherokee is available with a couple of modern engines. The 5.7-liter Hemi V8 is particularly good for towing or driving at higher elevations. The SRT8 has a 420-hp 6.1-liter Hemi and can accelerate from 0 to 60 mph in less than five seconds. The smaller, 4.7-liter overhead-cam V8 works quite well, however, and the standard overhead-cam V6 is a big improvement over Jeep's old overhead-valve inline-6. New for 2007 are a 3.0-liter turbodiesel V-6 and a flex-fuel 4.7-liter V-8. It comes in four trims: Laredo, Limited, Overland, and SRT8. Safety features that come on all Grand Cherokees include an electronic stability program, four-wheel anti-lock disc brakes with brake assist, traction control, a tire-pressure monitoring system, side-curtain airbags, and front air bags with four levels of deployment.
For 2007, the Jeep Grand Cherokee receives a 3.0-liter turbodiesel V-6 and a flex-fuel 4.7-liter V-8 as optional engines.
Purchasing an older vehicle, such as the 2007 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 2007 Jeep Grand Cherokee for less money than when it was new. If the 2007 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 2007 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 2007 Jeep Grand Cherokee will have a very good resale value. This assumes that the 2007 Jeep Grand Cherokee is in good condition and has a reasonable number of miles.
Find a used 2007 Jeep Cherokee for sale at CarsDirect.
