And another one

[Deleted member 59498]

Red Dash forever!!!

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[NULL POINTER]

Recently someone in our subdivision bought a 2021 sahara, after owning a Land Rover for about 2 years. I would see it go past my house several times a day. The wife was the primary driver. After about 6 weeks I never saw it again. Now she drives a Land Cruiser. I don't know the people so I don't know what happened, but I would guess a similar instance as the OP.

 

[DavidArmen]

So, the woman (mid 40’s, RN) who lives down the road traded her Range Rover on a new JLU with a dealer installed lift and very aggressive 35’s a couple weeks ago. She bought it OFF the floor, without even driving it?. Anyway I’m out at the mailbox and she’s driving by and stops to talk. She says “ I know you’ve had Jeeps for a long time, do you like the way they drive?”. I say “ Yeah, I’ve driven them for years. I like them a lot because of their go anywhere ability and how easy they are to drive”. She then chimes up with “ I love the way they look, but mine drives awful, it’s noisy inside, its hard to hold in the lane, and is just a lot of work to drive”. I explained that Jeeps are different, that they’re not for everybody. I let her take the JL down the road for a drive and she came back and says “yours is so much quieter than mine, and doesn’t wander all over the road, how come”? We then had the discussion about aggressive tires and road noise and different heights of center of gravity. Long story short, this lady bought it because it looks good, with no idea of how it would drive, I really think she’d have been happy with a stock JLU Sahara, as it is, I suspect she’ll be trading vehicles and her “new“ Jeep will wind up on a used lot before long. I just can’t understand why anyone would buy a new vehicle, esp one very different from anything they’ve ever owned, without at least Driving it first. Makes no sense to me..

Purchasing a vehicle without ever driving it is the definition of stupid.

 

[DavidArmen]

My neighbor had a JL with a 2” Mopar lift and 35s from the dealer and had the same complaint. I really think it was the cheap mud tires the dealer put on and if it had a set of BFG KO2s it would have been a totally different experience.

Ko2s are severely underrated in some wrangler circles.

 

[jjvincent]

Don't regret paying cash for your Sport S. Not having an auto loan is better than having any loan, no matter how allegedly attractive the terms of the latter might be.

Now every penny of what would have gone toward a car payment can be directed toward building your Wrangler on your time, using your parts choices. You're actually well-positioned here.

And everything is more expensive these days, unfortunately.

Not the best advice. What you do is get the loan and you get a better price. Then after two months, pay it off. What the loan companies want you to do is pay full term and especially to be late on those payments. That's where the real money is.

Only time recently I found that paying cash was when I bought my RV at the beginning of May 2020. Covid shut down pretty much anyone from buying vehicles (the RV dealer sold three RV's in the last 30 days prior to my purchase). So, dealers were way more interested in getting the cash in their pocket and not dealing with the banks. When I bought my Jeep in May of 2021, the dealers were back to their old tricks.

 

[Squibbles]

How true. A woman where I work bought a brand new JLUSS last year and within 3 months had it lifted 4", 37s, winch and bumpers, and a high lift jack on the front. Sold it a few months later because of the way it drove and poor gas mileage. I can guarantee it never saw mud let alone a dirt road. What a waste.

SS?

 

[aldo98229]

Sport S...?

 

[OldBlue]

SS?

Yeah, Sport S.

 

[Heimkehr]

Not the best advice. What you do is get the loan and you get a better price. Then after two months, pay it off. What the loan companies want you to do is pay full term and especially to be late on those payments. That's where the real money is.

Only time recently I found that paying cash was when I bought my RV at the beginning of May 2020. Covid shut down pretty much anyone from buying vehicles (the RV dealer sold three RV's in the last 30 days prior to my purchase). So, dealers were way more interested in getting the cash in their pocket and not dealing with the banks. When I bought my Jeep in May of 2021, the dealers were back to their old tricks.

Not the best advice. There was no difference in the cost of my JLU irrespective of how I paid for it (I wrote a check). Even if better pricing was available when financing, which no one here can promise, applying for a loan creates a[nother] inquiry on one's credit report. They do add up. Further, intending to pay the loan off "after two months" doesn't allow enough time to pass to establish, or reinforce, a timely record of payments...which is demonstrably the main reason for taking on an installment loan in the first place.

And what happens when the buyer who follows such counsel has an emergency that compels him to make tardy payments on his otherwise avoidable Jeep note? Who here will step up and pay his late fees? As you acknowledge, that's where the pinch point really occurs.

Our credit rating is second only to our health as one's most important asset in life. It's not something to be lightly bandied about.

And non-essential commodities like RVs should be purchased with cash, full stop. Toys shouldn't ever be financed. So at least you did that one correctly.

 

[Irish Creig]

Not the best advice. There was no difference in the cost of my JLU irrespective of how I paid for it (I wrote a check). Even if better pricing was available when financing, which no one here can promise, applying for a loan creates a[nother] inquiry on one's credit report. They do add up. Further, intending to pay the loan off "after two months" doesn't allow enough time to pass to establish, or reinforce, a timely record of payments...which is demonstrably the main reason for taking on an installment loan in the first place.

And what happens when the buyer who follows such counsel has an emergency that compels him to make tardy payments on his otherwise avoidable Jeep note? Who here will step up and pay his late fees? As you acknowledge, that's where the pinch point really occurs.

Our credit rating is second only to our health as one's most important asset in life. It's not something to be lightly bandied about.

And non-essential commodities like RVs should be purchased with cash, full stop. Toys shouldn't ever be financed. So at least you did that one correctly.

One of the main reasons I pay cash is that I do not like loans and credit cards. I have some very wealthy friends and extremely wealthy relatives and they all say "do not put money in someone else's pocket " and that's what your doing with loans and credit cards. I drive my vehicles till they're at least 13-14 years. I know what the vehicle loan payment would be and I make a loan payment to myself every month. That way I pocket the interest vs a cc company or financial institution making money off of me via the finance charges

 

[dsgrey]

Funny, when I test drove my JL I was amazed at how well it drove and how quiet (soft top) compared to prior Wranglers.

I suspect luxury vehicle owners buy Wranglers only for their looks then hate them within a couple of months. A solid axle and mud tires makes me spill my grey poupon versus my old Lexus??

 

[Heimkehr]

Funny, when I test drove my JL I was amazed at how well it drove and how quiet (soft top) compared to prior Wranglers.

I remember being very impressed with the comparative silence of the JLU's soft top, during my first test drive. I say comparative because my only frame of reference was the factory soft top on my YJ, which was truly noisy at anything above 40 mph or so. Not so on the new Jeep, to be sure.

 

[jjvincent]

Not the best advice. There was no difference in the cost of my JLU irrespective of how I paid for it (I wrote a check). Even if better pricing was available when financing, which no one here can promise, applying for a loan creates a[nother] inquiry on one's credit report. They do add up. Further, intending to pay the loan off "after two months" doesn't allow enough time to pass to establish, or reinforce, a timely record of payments...which is demonstrably the main reason for taking on an installment loan in the first place.

And what happens when the buyer who follows such counsel has an emergency that compels him to make tardy payments on his otherwise avoidable Jeep note? Who here will step up and pay his late fees? As you acknowledge, that's where the pinch point really occurs.

Our credit rating is second only to our health as one's most important asset in life. It's not something to be lightly bandied about.

And non-essential commodities like RVs should be purchased with cash, full stop. Toys shouldn't ever be financed. So at least you did that one correctly.

All I can tell you is that there was not a single dealer that would give me a better or same price if I paid cash up front. I do know that the majority of dealers work with banks and get kickbacks if they get financing (my neighbor is an F&I guy at a dealer and he explained it to me).

I have zero debt as everything is paid off but when it came to saving money, it made sense to finance and then pay it off two months from date of purchase. When I did the comparison (I just looked it up) I saved $2,132. Thus I was able to use that savings for things like goodies for the Jeep. Even the dealer told me, "If you make at least two payments, we get our kickback from the bank." Those two payments were the initial and the payoff.

As for credit rating, it's important but it depends on where you are in life and what your finances are. Everyone is different.

 

[mwilk012]

Not the best advice. There was no difference in the cost of my JLU irrespective of how I paid for it (I wrote a check). Even if better pricing was available when financing, which no one here can promise, applying for a loan creates a[nother] inquiry on one's credit report. They do add up. Further, intending to pay the loan off "after two months" doesn't allow enough time to pass to establish, or reinforce, a timely record of payments...which is demonstrably the main reason for taking on an installment loan in the first place.

And what happens when the buyer who follows such counsel has an emergency that compels him to make tardy payments on his otherwise avoidable Jeep note? Who here will step up and pay his late fees? As you acknowledge, that's where the pinch point really occurs.

Our credit rating is second only to our health as one's most important asset in life. It's not something to be lightly bandied about.

And non-essential commodities like RVs should be purchased with cash, full stop. Toys shouldn't ever be financed. So at least you did that one correctly.

This is great advice for <10% of people.

 

[Windshieldfarmer]

All I can tell you is that there was not a single dealer that would give me a better or same price if I paid cash up front. I do know that the majority of dealers work with banks and get kickbacks if they get financing (my neighbor is an F&I guy at a dealer and he explained it to me).

I work for a credit Union. We pay dealers 2% for the loans they originate. This is common. We recapture those fees if the loan is paid off within 90 days. This too is typical.

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