DH purchased my "04" Jeep Grand Cherokee Laredo in 2010. We traded our "87" suburban we had for 9 years. It started leaking in a couple spots and we had to replace the steering column. A few other things were starting to add up. We got a $3000.00 trade in for it. I like my Jeep. We just don't like payments. One more year and this is ours. I didn't think my suburban got bad mileage (9-10 in the city) 15-20 highway. We keep our eyes open for the best prices. You can add the cost of a payment for an extended amount of time on top of that also. Still with trade-in and end purchase price. Don't forget to add insurance. it almost evens out. Just not having to make another car payment would settle it for me.