Jeeps are Getting Expensive

[BXFXJeep]

The so-called Chinese knockoff Wrangler BJ40 sells for $40k, looks more like the Recon though

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[Yogi1956]

First of all, lets look at the discount on 4xe this year:

Option 1: lease a 4xe and the leasing company gets about $12K federal and state tax credits that will apply to the cost of the vehicle. But if you intend to keep the Jeep after the lease, the total cost of the vehicle after you purchase it at the end of the lease makes the incentive disappeared.

To simplify this, it means “leasing with the option to buy” has no saving vs purchase the car outright despite $12k incentives. It also brings up the hidden cost of leasing a vehicle, leasing is costly and only should apply to Audi, Land Rover etc, which are money pits after warranty.

But if you just want to keep it for 3 years, go for it and it is a great deal.


Option 2: purchase the Jeep outright and you will get $3750 tax credit when you file the 2023 tax return. If you want to keep the Jeep for more than 3 years, this is a better way to go as it basically knocks $3750 off MSRP. Buy you need to owe more than $3750 in tax to get the credit.

We just leased the 24’ 4Xe in August, started at $76,765 MSRP deducted the incentives, (10,500 fed/state, Jeep 1k, 4% below invoice and put 3k down) just bought the lease out for right at $58,500. If you run the lease to the end you’re hosed but buying it out quickly gives you all of the discounts minus 3 months of lease interest and the $350 Chrysler buy fee.

 

[TheDerb]

They are


$30k can't get any cheeeeper than that.

You can't get a Wrangler for $30k.

If we are going to have the conversation, let's be accurate to right now:

Recall 19A means NO manual transmissions.

A 2-door, base sport Wrangler off of Jeep.com built as cheaply as possible with the A/T, the 2.0t, in white, with a soft top, is $34,090 for a '23, and $36,490 for a '24 for the same build. You can't even get a manual with the cheapest engine in '24.

 

[Seemego4WD]

These prices are not sustainable-especially for a depreciating asset. Something has got to give... it always does.

Simple economics.

vehicle prices never decrease.

 

[BXFXJeep]

You can't get a Wrangler for $30k.

If we are going to have the conversation, let's be accurate to right now:

Recall 19A means NO manual transmissions.

A 2-door, base sport Wrangler off of Jeep.com built as cheaply as possible with the A/T, the 2.0t, in white, with a soft top, is $34,090 for a '23, and $36,490 for a '24 for the same build. You can't even get a manual with the cheapest engine in '24.

In that case, there is always the used car route for people that are on a tight budget.

Not exactly sure why people think they are entitled to everything.

Personally if I was looking for a cheap Jeep, I would be looking at the used car market vs buying new, people need to start adjusting their expectations.

 

[Cutterone]

In that case, there is always the used car route for people that are on a tight budget.

Not exactly sure why people think they are entitled to everything.

Personally if I was looking for a cheap Jeep, I would be looking at the used car market vs buying new, people need to start adjusting their expectations.

Well when the average American can no longer afford most of these vehicles, there will be less of them on the used market at a reasonable price. I am always just curious where is the line, at what point does the camel's back break? If the average new car price hits 60, 70, 80K?

 

[Rock Hopper]

Well when the average American can no longer afford most of these vehicles, there will be less of them on the used market at a reasonable price. I am always just curious where is the line, at what point does the camel's back break? If the average new car price hits 60, 70, 80K?

The camel's back has already broken..."he" just hasn't realized it yet.

He will.

 

[Cutterone]

The camel's back has already broken..."he" just hasn't realized it yet.

He will.

Ha perhaps...Maybe I'm cheap, but I have a mental block with paying over 50K for a vehicle...so many more important and fulfilling things in life for that money to go...just my worthless 2cents...

 

[Rock Hopper]

Ha perhaps...Maybe I'm cheap, but I have a mental block with paying over 50K for a vehicle...so many more important and fulfilling things in life for that money to go...just my worthless 2cents...

I'm agreeing with you. You're not cheap, you're smart.

These prices (costs) are not sustainable. Just like the housing market, it is bound to collapse. It's simple economics.

Financing a depreciating asset (vehicle) that costs 50k+ is nothing more than digging a financial grave. A smart person would put down the shovel.

The "camel" has yet to learn the true meaning of insanity. (Doing the same thing over and over and expecting different results).

Some people get it. Many don't.

 

[BXFXJeep]

Well when the average American can no longer afford most of these vehicles, there will be less of them on the used market at a reasonable price. I am always just curious where is the line, at what point does the camel's back break? If the average new car price hits 60, 70, 80K?

Something like the Wrangler is definitely not a vehicle "average" people should be buying, it's got ? mpg, and not practical for the average person, the Wrangler has always been a expensive vehicle that average people have always steered clear of.

i personally never recommend the Wrangler to anyone, I tell them go rent one and decide, they don't bother renting or buying.

 

[5Robin]

They are


$30k can't get any cheeeeper than that.

I know but if you go to any CDJR dealership today then you’ll see that 99% of Wranglers are easy 45k+

 

[Dusty Dude]

Financing a depreciating asset (vehicle) that costs 50k+ is nothing more than digging a financial grave. A smart person would put down the shovel.

Trading for a new model every 2-3 years is just as insane. The payments never go away. Even if you don’t finance, it is a terrible financial decision.

 

[tomk62]

I know but if you go to any CDJR dealership today then you’ll see that 99% of Wranglers are easy 45k+

Isn't that mostly a function though of what options the dealer orders for their inventory, plus all the useless/expensive crap they then install?

 

[myexcursion]

We just leased the 24’ 4Xe in August, started at $76,765 MSRP deducted the incentives, (10,500 fed/state, Jeep 1k, 4% below invoice and put 3k down) just bought the lease out for right at $58,500. If you run the lease to the end you’re hosed but buying it out quickly gives you all of the discounts minus 3 months of lease interest and the $350 Chrysler buy fee.

same thing here in August... same MSRP, same Fed/State incentive, Jeep 1k and about 1% off ( not much discount in NYC area unless I ordered special and waited for del ), but did no $ down - just taxes, 1st and fees. Used Aly and checked my buy out last week - around $61k + tax. Love the car, just not sure I want to keep it long term / reliability / next couple of years improved battery etc. But it is tempting

Needless to say I was looking for a 24 Sahara 4xe to replace my 19 Sahara 3.6 and was kind of surprised how the same sahara i had bout 4 years ago for 50k otd w/ tax was now going to run over 64k... I did pull a nice amount of equity out of the '19 so went for the rub x 4xe.

Will I do it again in 3 years... depends... Hopefully prices aren't going to be 90-100k bc at that point I'm getting a Porsche or another Benz...

Also Jeep needs to be able to customize some options instead of grouping things like leather, tech etc.. not everyone wants to bundle 5k worth of options if all they want is heated seats... That could help some people get into these cars for less cost and broaden it's customer base.

 

[Yogi1956]

same thing here in August... same MSRP, same Fed/State incentive, Jeep 1k and about 1% off ( not much discount in NYC area unless I ordered special and waited for del ), but did no $ down - just taxes, 1st and fees. Used Aly and checked my buy out last week - around $61k + tax. Love the car, just not sure I want to keep it long term / reliability / next couple of years improved battery etc. But it is tempting

Needless to say I was looking for a 24 Sahara 4xe to replace my 19 Sahara 3.6 and was kind of surprised how the same sahara i had bout 4 years ago for 50k otd w/ tax was now going to run over 64k... I did pull a nice amount of equity out of the '19 so went for the rub x 4xe.

Will I do it again in 3 years... depends... Hopefully prices aren't going to be 90-100k bc at that point I'm getting a Porsche or another Benz...

Also Jeep needs to be able to customize some options instead of grouping things like leather, tech etc.. not everyone wants to bundle 5k worth of options if all they want is heated seats... That could help some people get into these cars for less cost and broaden it's customer base.

Love ours also, way more fun than our 21’ 4 cylinder. Will do an extended MOPAR warranty if we decide to keep it long term.

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