My ex-wife and I bought a 92 Cherokee Sport for $1000 with almost the same mileage in 2004. Factory engine and Tranny. It was in Alberta and the body had significant rust and even leaked around the windshield. Only problem we ever had was the original owner repaired a hose from the transmission to the radiator with reinforced polystyrene. The fluid eventually ate thru this and caused all the fluid to run onto the ground. A half hour fix and more fluid and it was fine. Jeeps hold their value well and go forever. Maybe get the transfer case looked at first. As well as a quick engine check. That year in Alberta goes for almost $13000.

Have the transfer case looked at as well as teh differentials.  That is where some 'problems' can be, just from lots of miles.  For $3000, that is not a bad deal.  Jeeps are solidly built, and hold their value.  I know someone with an original transmission in a 92 with over 300,000 miles, and stilling running strong.  

you don't know anyone with a 92 grand cherokee. 93 was the first year built. Cherokees have different transmissions also.

It might be worth it...depends. The water pump is likely to go along with the power steering and such. Like said before me, check the diffs and t-case. Also look for carbon build up in the intake. check motor mounts...I'd offer them $2500.

Sorry, i meant 93.  It was an honest typo.

the only thing about a 93' grand cherokee is that some of them have the AW4 transmission instead of the 42re (referring to the 4.0). They hold up better. This trans came in all 93-93.3 grands.

is it the 4.0 or the V8? either way the price is wayyyy too high for the miliage. im not sying it wont run but with that many miles and a potentialy neglegent seller i would beware and deff walk away from this one. $800-$1000 best offer.