2018 Jeep Grand Cherokee Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback
MSRP
Invoice Price Destination Fee Holdback Dealer Cost Jeep Grand Cherokee Prices
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What's New For 2018?
New for 2018 is the Trackhawk trim, which features a whopping V8 supercharged engine capable of generating a massive 707 hp. The diesel engine has been axed from the lineup, at least for the first part of the model year; there are rumors that it might return in the latter half of the model year. The only other major update is that the 7-inch touchscreen LCD is now standard while the 8.4-inch screen is available as an optional upgrade.
Available Styles
The 2018 Jeep Grand Cherokee is available as a midsized SUV capable of seating five passengers.
Available Trims
With the addition of the Trackhawk, there are now a total of seven trim levels available on the 2018 Jeep Grand Cherokee. Almost all models come with rear-wheel or four-wheel drive, although AWD is available on the Trackhawk SRT. The Trailhawk is four-wheel drive only. The base Laredo trim is run by an engine capable of generating 295 hp and 260 lb-ft of torque. This engine is paired with an 8-speed transmission. Other features include keyless entry and ignition, parking sensors in the rear, and satellite radio. The Limited trim comes with the V6 or optional 5.7-L V8 and features a power liftgate and sophisticated leather upholstery. The Trailhawk trim is equipped for off-roading with a specifically tuned suspension, hill ascent and descent control, and skid plates under the body. The Overland is more luxurious with its features, which include automatic wipers and upgraded leather upholstery. The Summit offers everything on the Overland plus more driver aids. The SRT is a sporty trim run by a 6.4-L V8 engine and is equipped with performance tires. The all-new, line-topping Trackhawk trim features high-quality Bembo brakes and has a unique interior design.
Driving Impressions
The 2018 Jeep Grand Cherokee has a standard 8-speed automatic transmission that provides fluid shifting at highway speeds but struggles with lurching in heavy traffic. Steering has an effortless feeling to it, although it can sometimes be difficult to predict where the wheels are going. Handling is a bit fatiguing since the vehicle has so much bulk to it. You will feel a lot of uncontrolled body roll and notice a good amount of leaning when taking sharp turns. The Trackhawk and SRT have the most control when it comes to handling, but the other trims suffer.
Fuel Economy
Since the diesel engine option got removed, there aren't any stand-out options for a decent fuel economy. The 3.6-L will get you a combined 21 mpg (19 city/26 highway) with rear-wheel drive as well as (18/25) on AWD. Meanwhile, the V8, of course, will nab a lot less at a combined 17 mpg (14 city/22 highway). The Trackhawk does the worst, getting just 13 combined mpg (11 city/17 highway).
If fuel efficiency is crucial, you will want to stick with the standard V6. Otherwise, the 2018 Jeep Grand Cherokee is a gas guzzler. However, it is fun to take the Trailhawk off-roading, and the vehicle overall has a lot of room for customization.
How to Calculate The Dealer Cost of a Jeep Grand Cherokee
Formula for Calculating Dealer Cost:
- Example: Base Jeep Grand Cherokee invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
- What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.
Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here)
Note: All Jeep Grand Cherokee MSRP, invoice and dealer cost dollar figures above are approximate amounts. Prices are subject to change without notice.
A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.
