- We’re officially in a time where late 1990s Jeep Grand Cherokees cost over $12,000.
- This low-mileage example is at least in very good condition.
- While this generation of Jeep has advantages, it raises questions about whether they justify the cost.
Jeep is the most successful brand under the Stellantis umbrella, but it hasn’t always been the luxury-oriented company it is now. In fact, that shift up-market really started in earnest back in the late 1990s with this model, the Grand Cherokee. Now, some 25 years later, someone just dropped on this one and that’s kind of amazing.
A quick perusal of the internet will show that Grand Cherokees of this era often trade hands for around $5,000. Notably, though, they almost all have significant mileage on them. This particular example has just 38,000 miles on the odometer. On top of that, it comes with a few very desirable options.
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Under the hood is a 4.7-liter ‘Power Tech’ V8 with a factory rating of 235 horsepower and 295 lb-ft of torque. In addition, it sends power to all four wheels via a 45RFE four-speed automatic and Jeep’s Quadra-Drive II dual-range transfer case. The Jeep also features Dana axles and Vari-Lok limited slip differentials. It’s a great package overall and according to the window sticker, went for $37,815 back in 1999.
Seeing it maintain enough value to go for over $12,500 is genuinely impressive when compared to the rest of the Jeep Grand Cherokee population. No doubt, the condition, mileage, and clear photos helped this sale but other factors play a role too. The seller has an extensive service history that supplements a very short CarFax record. They also shot several videos showing the car start, run, and drive.
Of course, considering the analog nature of this Jeep, perhaps it’ll actually increase in value over time. Since it has none of the connectivity of a modern car, it should, in theory, be easier to maintain and simpler to fix when things do go wrong.
There are no hybrid components, no super-fancy high-flow fuel pumps, and no complex electronically locking differentials or sway bars to worry about. The buyer doesn’t have to worry about subscription services or things of that nature either.
