JL resale values are insane!

[aldo98229]

It's nice to know your vehicle is wort more than you said for it. With that being said $5-$10K is not big money in today's economy. Certainly not to sell unless it's a needless item in your quiver.

If I sold my JL right now I could probably walk away with $25,000 after I pay off the loan.

But your point remains: $25,000 still leaves a big outstanding balance on a new $60,000 vehicle, plus tax & license.

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[Chupacabra]

I agree, the KBB trade-in value of my dad's CR-V is 20,500. The best an actual dealer would offer us on trade is 18K. While it is nice to see the number on a website, it is a different thing to get a dealer to actually pay it without making it up on the vehicle that they're selling you.

I figure that KBB is just meant to drive dealer traffic. KBB is "free", a friend of mine told me "if you don't pay for the product, you ARE the product".

KBB is just an estimate. Dealers will give you in trade roughly what they can buy same car at the auction for. Why would they pay you more than they can get similar vehicles for at the auction? Of course right now everything is crazy and supplies are tight but still a thing is only worth what someone is willing to pay you for it.

 

[guarnibl]

KBB is just an estimate. Dealers will give you in trade roughly what they can buy same car at the auction for. Why would they pay you more than they can get similar vehicles for at the auction? Of course right now everything is crazy and supplies are tight but still a thing is only worth what someone is willing to pay you for it.

That’s true. In fairness KBB was under priced somehow last time for me ( dec 2020 ). The dealer said they can’t find anything at auctions anymore.

 

[BlackGenesis]

Time to sell anything else you drive and use your Jeep.

 

[Pig-Pen]

It's all those Bronco buyers saying But I want something NOW!

 

[AlgUSF]

I am not getting stuck on that discussion. I have sold cars to dealers in the past; KBB was right on the mark.

The keyword of your reply was "the past". We live in different times now, I've ran KBB in the past and got 1K over and took 20% off MSRP. We live in silly times right now, drive dealer traffic and generate revenue.

I'm actually helping my elderly father buy a car, we pulled into a dealership full of cars and nobody wanted to play dice. Given the free money from the Fed, dealerships are sitting on stacks of used cars. My dad even said, "They have a lot of cars here". KBB drives traffic for the dealership, and the Fed keeps holding a big inventory cheap. Hard to work a deal these days.

 

[DadJokes]

Right - but if they were smart and bought new from some of the dealers on this forum, they probably didn't pay MSRP - more like $52 - $53K. So they drove a car free for a while and made money on it

I know but they aren’t budging on prices much now which is the point I was alluding to. That and I still financed as new. Even if the market wasn’t where it is, it’s still a “good” price according to KBB for whatever that’s worth. There wasn’t hardly anything to pick from around here and I drove only 2 hrs to a small town to get it.

The only option, oddly, this JLUR didn’t have was proximity locks. It even has Sahara side steps which sold the wife a little more being we have little kids still. Otherwise, perfectly optioned for us.

 

[Notorious]

Time and experiences is something we don't get back

Good attitude to have, especially in Los Angeles.

They would have to pay me 100k+ to get my Jeep. It's not replaceable.

“They” want to know how much and where to send the money.

If you can swing it, I’d do it.

 

[Cuyose]

This is funny, I just checked the other day after hearing stories on used car prices, I could get almost 5K more than I paid for my used JLUR with 12K miles with a cash now option and have been deleting dozens of emails since looking to follow up.

 

[michail]

I used a Doge Coin transfer for my 4xe down payment. Much thanks to Elon for the tweets.

 

[aldo98229]

I know but they aren’t budging on prices much now which is the point I was alluding to. That and I still financed as new. Even if the market wasn’t where it is, it’s still a “good” price adjusting to KBB for whatever that’s worth. There wasn’t hardly anything to pick from around here and I drive only 1.5 hrs to a small town to get it.

The only option, oddly, this JLUR didn’t have was proximity locks. It even has Sahara side steps which sold the wife a little more being we have little kids still. Otherwise, perfectly optioned for us.

Correct. Even Dennis Dillon Jeep, in Boise, which is the price leader west of the Rockies, is discounting less right now than it usually does.

 

[aldo98229]

The keyword of your reply was "the past". We live in different times now, I've ran KBB in the past and got 1K over and took 20% off MSRP. We live in silly times right now, drive dealer traffic and generate revenue.

I'm actually helping my elderly father buy a car, we pulled into a dealership full of cars and nobody wanted to play dice. Given the free money from the Fed, dealerships are sitting on stacks of used cars. My dad even said, "They have a lot of cars here". KBB drives traffic for the dealership, and the Fed keeps holding a big inventory cheap. Hard to work a deal these days.

Dunno where you get your information from. There’s a well documented shortage of new and used inventory right now.

 

[DougM]

Try Carvana first, they offer above KBB.

My 3 year old 2 Door manual Willys trade in value at local dealer was about $2k less than what I paid. New JL purchase price was comparable to some of the high volume dealers...

Kicker was my neighbor said (day after everything signed and delivered) to check Carvana—I entered old VIN for grins and found I left about $1k on the table.....

 

[40”JLURD]

Kelly Blue Book says my 2018 Sahara with every major option on it and only 6,200 miles is worth $45,000 to a dealer. I paid $38,000 four months before the pandemic hit.

I added about $3,500 in Katzkin leather seats and a Mopar lift.

I barely drive it. I am tempted to get the cash and run. Perhaps wait a few months for the market to cool off and see what else to get.

I still have the OE wheels and front bumper. I may swap the Quadratec wheels and steel bumper and sell them separately. I never got around to installing the winch.

Thoughts?

Take the money and run!!!

 

[redsyphon]

KBB estimates my JLUR 2018 at about 47k with 18k miles. That's nuts considering it sold this time last year for 34k

I'd like to say I've found a scenario where it makes sense to get rid of it, but there isn't one. Sure, I could strip the aftermarket mods, but I'd still play a loosing game at the end of the day with current prices.

I will sleep well knowing that, for the time being, if I need to get out of the payments; then I can probably do so easily.

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