2019 JLU Sahara depreciated 42% in 10 months

  1. Gellie

    Gellie Well-Known Member

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    would your rate vary on the amount financed?
    Also your rate seems too high. Penn Fed is offering 2.99%
     
  2. KnG818

    KnG818 Well-Known Member

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    Yes a little high...who cares literally a few bucks difference not going to make or break me.

    Putting money down is a GOOD idea. Either way your going to lose money on a new vehicle.

    I'd rather loose it up front and be in a good financial position than loose it on the back end and be in a poor financial situation
    (i.e. high monthly obligation/upside down on a loan).
     
  3. ctJLnewbie

    ctJLnewbie Member

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    MSRP is meaningless. Basic economics dictate value. What's your car worth? exactly what someone is willing to pay for it, not a penny more.
    For me, on average my invested money earns 8%/year, so as long as I'm borrowing for less than 8% it's good for me to put down as close to zero as possible. You can argue about inflation, so then say my 8% becomes 5% in real dollar terms, that's still better than the 4% I pay when I borrow.
     
  4. Gellie

    Gellie Well-Known Member

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    To each his own. My philosophy is that when we are in a low interest rate environment(like for the last 10yrs) I'l rather stay as liquid as possible to take advantage of investment opportunities that may arise. If I can borrow at 2.99%, I can easily beat that on my investments.
     
  5. Strommen95

    Strommen95 Well-Known Member

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    MSRP is absolutely not meaningless.. A vehicle with an MSRP of 50k is more likely to sell at 42k than a vehicle with an MSRP of 45k would. People will always look at trim level followed by MSRP(vehicle options) to figure out a realistic price for either a new or used vehicle. MSRP does not make up the literal value of a vehicle but it allows you know a realistic selling price(like 5% off invoice on a JL which is approximately 10% off MSRP.) In a market where the manufacturer can't produce enough vehicles to meet demand a buyer will be paying MSRP or close to.
     
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  6. KnG818

    KnG818 Well-Known Member

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    ......but a vehicle is not an investment
     
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  7. KnG818

    KnG818 Well-Known Member

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    Your literally talking about such small dollar amounts...not worth the energy
     
  8. ctJLnewbie

    ctJLnewbie Member

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    Anything that is money into my account or out of my account is an investment choice. Some investments appreciate, some depreciate, some investments like my house in Connecticut suck. 15 years and I've still lost 15%. Just because it loses money doesn't make it not an investment.
     
  9. KnG818

    KnG818 Well-Known Member

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    You suck w finances if you think your vehicle is any kind of positive investment
     
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  10. Gellie

    Gellie Well-Known Member

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    That is the point!
     
  11. KnG818

    KnG818 Well-Known Member

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    Oh, thank you
     
  12. Pappy11

    Pappy11 Well-Known Member

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    what i was thinking.....
     
  13. guarnibl

    guarnibl Well-Known Member

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    Yes, Jeep over priced them, gave too many options to check, and built too many. The JK held it's value really well because there weren't many options. Options lose 80% of their value the day it rolls off the lot. Also, there was pent up demand for a four door. Less people are getting rid of their JKs now.

    My '19 $60k Rubi is $39k on trade 9 months later. I leased, but agreed price was $52k. My lease buy out is pretty good actually because of that -- would be about $4-6k depending on dealer if I wanted out, only 9 months into it. Will get only better from here. I almost got rid of my wife's JK 18 months in and I actually would have nearly made money on it. JL is NOT holding value as well.

    I called this in early 2018 and it was why I decided to lease. No one believed me, but here we are. As others have suggested, demand is lower for Sahara.
     
  14. aldo98229

    aldo98229 Well-Known Member

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    Indeed. Whether knowingly or not, FCA has made production and pricing decisions as if Wrangler were immune from market forces. As it is becoming increasingly obvious, it isn’t.

    I doubt FCA is planning to align production with demand any time soon, to allow Wrangler prices and resale values to stabilize. FCA has shown time after time that it cares only for stockholders; dealers and customers be damned.
     
  15. guarnibl

    guarnibl Well-Known Member

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    ok.
     
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