00Sebby
Well-Known Member
- First Name
- Mark
- Joined
- Sep 5, 2019
- Threads
- 4
- Messages
- 256
- Reaction score
- 439
- Location
- Knoxville, TN
- Vehicle(s)
- 2020 JLUR
- Occupation
- Ex-auto quality engr & mgt. Now just enjoy life.
Or a new vehicle in general. Per Carfax...2018 JL’s have already deprecated $11k to $13k depending on mileage. Most people are going to be in complete shock when they try to trade in on something else in 3-4 years. But this is also one of the main reasons you never buy a first year new production vehicle.
"According to current depreciation rates, the value of a new vehicle can drop by more than 20 percent after the first 12 months of ownership. Then, for the next four years, you can expect your car to lose roughly 10 percent of its value annually. This means that a new car can be worth as little as 40 percent of its original purchase price after five years."
Based on that, a new 2018 $40,000 Wrangler is down $8000 after first year and another $4000 after the 2nd year. That is right in the middle of what you pointed out so if their numbers are right... pretty sure they have good data... then that kind of depreciation would be expected.
We always see on forums where people say, "I paid $40,000 for X vehicle, traded two years later and got $37000 in trade." However, we all know how the dealers work the deal sheets to inflate the value of the trade to cover upside-down conditions, etc. basically putting the inflation onto the next vehicle in a way the bank will finance it. So those anecdotal experiences don't mean a whole lot data-wise.
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