There's really no noticeable/significant fuel economy difference between the 3 engines.
http://www.fueleconomy.gov/feg/Powe...ake=Jeep&model=Grand Cherokee 4WD&srchtyp=ymm
I have seen those numbers... I've been perusing several forums on the different lines, and it seems the numbers in the link above aren't entirely accurate. For most, it seemed the V6 was closer to 20MPG, the 4.7 at about 18-19, and the 5.7 closer to 15-16. While it isn't much, that extra 3-4 could mean a bit longer fuel range and a few dollars saved. I'm most interested in the fuel range, as I do lot of highway driving. And that said, I seldom need to pass someone on the highway as they're either going slow enough making it easy to pass, or I simply drive a few MPH slower and deal with it.
But I was about to believe those numbers, but most of those with the hemi reported a max average of around 16. I also test drove a couple of Hemis. On each, I reset the average MPG indicator while coasting on the highway, and it had a hard time reaching 15-16. The 4.7 I drove today got up to 18 fairly easily. That isn't the most conclusive test, but you get the idea. Also, as this was a very straight driving car compared to the two hemi's I drove, it is currently leading my search.
Also, at this point in time, I am finding more 4.7s in the right range. I checked the one out tonight, and aside from replacing the headlight assemblies (one is cracked, the other is dull), as well as the driver side interior door handle, it was in excellent shape. I just need to re-check out whether the head room is sufficient. I noticed a support that seemed to be in the way, but I was in a rush to go get my kid. I also wanted to see how bad the damage would be on replacing the items mentioned. At this point, dorman brand headlamps run $100 a piece, and then add 60-80 for the dorman handle. From what I can tell, the dorman brand is one of the better replacement grade parts, though I could be wrong.