Whaler27
Well-Known Member
- First Name
- Alex
- Joined
- Jul 1, 2020
- Threads
- 48
- Messages
- 1,903
- Reaction score
- 3,758
- Location
- Oregon
- Vehicle(s)
- 2019 JL, 2016 Jeep Grand Cherokee Altitude Ecodiesel, 2005 Mustang GT, 2018 Ford Raptor, 2018 BMW R1200GSA, 2020 Honda Monkeybikes (2), 1972 Honda CT-70, 1980 Honda CT-70,
- Occupation
- Saving the world :-)
My guess is waiting even longer will eventually pay off.A lot of people recommending to wait, when 2023 is similar to 2022 in almost every way, except price. I hope OP didn't wait, otherwise they'd be paying more for the same.
I hate to say “I told you so” (not really), but the inflation and recession so many of us predicted two years ago has arrived with vengeance and is expected to deepen (CPI at 9.1% as of June). That amounts to every household getting an income cut of that size and more, and many American households are living on less monthly margin that that. The combination of the equally predictable skyrocketing interest rates (to slow inflation) and high gas prices will sharply suppress Jeep sales. Historically, that has produced swelling Jeep inventories and, shortly thereafter, big rebates, special financing, and cash back offers on jeeps. If you’re shopping for a jeep, that might be great news — as long as you’re not also trading a jeep. Speaking from experience, generous rebates and 0% financing on new jeeps is devastating to the value of used jeeps.
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