In Oct07 we bought a loaded Laredo 4WD with the X package (heated leather seats, sunroof, remote start, hi output stereo) @ YE closeout. Despite a concern for V8 MPG, we got the 4.7L w/ torque to tow ...
In Oct07 we bought a loaded Laredo 4WD with the X package (heated leather seats, sunroof, remote start, hi output stereo) @ YE closeout. Despite a concern for V8 MPG, we got the 4.7L w/ torque to tow as V6 only 1 mpg better. We had an 01 Jeep that we sold to our son, it has been very reliable. However the new body styles are much better for ride comfort, handling, quieter, with more room inside. EG, I could not fit in the 01 with a sunroof so we skipped that but the new 07 w/sunroof I have an inch to spare. Everything is refined over the older models: heated seats are fast to warm up (and engine heater is too), rear seats fold down easier with storage under the rear seats, also small hidden storage behind left rear seat and larger lockable area in rear with reversible sealed bin we use all the time. The remote start has good range from window at work plus the remote auto-opens the rear hatch window to pop grocery bags inside. The X Laredo package is $4k less than the low end Limited w/stuff we didn't need.
MPG was a concern with a V8 but in first 1600 miles we are getting 15mpg in town and 20+ on highway using conservative but winter driving, just like EPA sticker (ours will take E85 ethanol, common in midwest, we will probably try it next spring since it's not supposed to start/run as well in cold winter temps). The 4/AWD has handled great in 3 snowstorms this winter too.
The lifetime warranty & extended warranty ($640 for 7yr/70k mi Added care) was attractive as well since we tend to drive our vehicles 10 years or more. But cost of ownership is high! With drivetrain fluid maintenance of transfer case & differentials under vehicle, hard to reach (the engine belts, plugs, filters, battery, cooling system are very accessable and easy to service) so cost of ownership is higher than a Crossover CUV.
Since ours is only 6 weeks old we will rate reliability at a later date however our 01 Gr Cherokee is reliable and with this tried & true 4.7L V8 I am hopeful we will have a good vehicle in this 07. Nothing is wrong in the first 45 days and 07s have a much higher JDPowers ratings than past years (note: 08's now have the same $4k rebate as the 07's did 2 months ago - buy one now!).