Oy the prices!

[Ratbert]

While we're sharing opinions, I think it's beyond terrible - it's HORRIFIC. Let's do a little exercise here:

$79,628 plus another $6k for tax and licensing. Let's assume $20,000 down. On a 7 year loan at the going rate for an average credit score you're looking at $965 per month. That's more than twice my mortgage on a house I bought in 2003 before the first housing bubble exploded (I put 20% down on the house).

There are all sorts of opinions on how much of monthly post-tax income should go towards a car payment, but a widely accepted maximum is 15% of monthly take home pay, since you still have fuel, insurance and maintenance to go along with shelter, food, and every other monthly expense.

So, assuming 15% of take home pay, you'd have to be taking home $6,500 per month. Factoring in taxes of about 22% per year, you'd have to be grossing over $100,000 per year to afford the Jeep. The median income of a US worker is $42,000, not even half of what's needed for the Jeep. Only 9% of US workers earn 6 figures or more. And remember, the $100k number is the BARE MINIMUM you'd need to earn to afford the Jeep.

Horrific that not everyone can afford the top-end Jeep??

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[summer4x]

Horrific that not everyone can afford the top-end Jeep??

No, just that it's a horrific price, in my opinion. We all have them. I don't begrudge people who can easily afford them. That's not my point.

BTW, I don't want a 392. Period. My days of fuel guzzlers are in the past. I'm looking for a little 2.0.

 

[Deleted member 59498]

So they no longer give a price break with the 2.0? Used to be a little cheaper than the 3.6, or I might be wrong on that.

 

[Jack22]

Why is it so difficult to purchase/order a 392 in Canada?? If anyone has some insight please let me know. Thanks

 

[Obi Wan]

$101k Canadian, not US.

True, but don't forget that Canada has a 13% tax rate on new vehicles. Combined that with the fact that their inflation rate and pay rate is even worse than in the US. My wife is from Canada, so when we go up to visit her family, I'm floored at how expensive stuff is. They have it bad.

 

[Ratbert]

True, but don't forget that Canada has a 13% tax rate on new vehicles. Combined that with the fact that their inflation rate and pay rate is even worse than in the US. My wife is from Canada, so when we go up to visit her family, I'm floored at how expensive stuff is. They have it bad.

That's pretty damn high.

I was reading an article about how a lot of people that buy supercars register them in Wyoming since that have no emissions testing and no personal property taxes on vehicles. There's a whole industry that has popped up to set up an LLC there for you and manage the car licensing issues.

 

[Dyolfknip74]

Why is it so difficult to purchase/order a 392 in Canada?? If anyone has some insight please let me know. Thanks

It's not? Just go to a dealer and order one. Then wait.

True, but don't forget that Canada has a 13% tax rate on new vehicles. Combined that with the fact that their inflation rate and pay rate is even worse than in the US. My wife is from Canada, so when we go up to visit her family, I'm floored at how expensive stuff is. They have it bad.

Our taxes are province based. Between 5%-15%. It's a mixture of federal and provincial tax rates unless you're in a province that doesn't have provincial tax, like Alberta (5%)
I can't be bothered to look up inflation/pay rates but I bet if a currency conversion is done, we are pretty standard with most countries.
I wouldn't say "we have it bad". While our healthcare system isn't perfect, you also don't have to worry about taking an Uber to the hospital or having to declare bankruptcy after having a kid. We also have some of the best social programs in the world. I don't mind my taxes going into stuff like that.
There is a multitude of other reasons but we are venturing into politics and that doesn't fly in here.

Oh, and weed is 100% legal. To the point that there are more cannabis stores than Tim Hortons now. Lol. That says a lot. To be honest, it's a little out of control and I am a medicinal user. (as Veteran with service injuries, I get 3g a day, for life, free)


Want to talk where Canadians have it bad? Let's talk about the absolute shit show of costs getting stuff shipped here from the US. It's absolutely brutal.

 

[Obi Wan]

I wouldn't say "we have it bad". While our healthcare system isn't perfect, you also don't have to worry about taking an Uber to the hospital or having to declare bankruptcy after having a kid. We also have some do the best social programs in the world. I don't mind my taxes going into stuff like that.

This is true. I wasn't ripping on you guys up north. Her family is in New Brunswick, and I do enjoy it when were up. Bagged milk tho......I still can't get my head around it

 

[Dyolfknip74]

This is true. I wasn't ripping on you guys up north. Her family is in New Brunswick, and I do enjoy it when were up. Bagged milk tho......I still can't get my head around it

Lmao. Go to Alberta. They have jugs there.

I didn't get the gist you were ripping on us, just wanted to clarify a couple things. All good dude.

 

[OldBlue]

Interesting posts in this thread. Made me want to go and see how much more expensive my JLUSS would be today versus in 2021. I'm the second owner (bought it when it was 7 months old w/ 7k miles) and the sticker was $44,215 and a new '23 equipped (basically) the same is $48,735, which I don't think includes destination, which was $1,495 in 2021. So if you remove destination, you get $42,720, which makes the '23 $6015 more expensive.

 

[Jack22]

We can not order 392 here.

 

[Spank]

I've posted this on other threads, but my almost-loaded 2018 JLUR (has everything except heated leather seats) stickered for less than a 2021 Unlimited Willys. It was also much easier to shave a good $10k off the MSRP with little effort back then, too.

I feel bad for folks buying Jeeps right now.

 

[kirianjahiem]

When speccing my 2023, I asked three separate dealers to build it with stock wheels; each individually confirmed they were unable to do so in their actual order system, and were instead forced to check the optional wheel box - the so-called standard wheels were not configurable.







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[summer4x]

I feel bad for folks buying Jeeps right now.

I actually don't. They're the ones driving up the prices. Nobody needs a new Jeep. NOBODY. So they are willingly pushing prices through the roof. Until these "pay anything" people are exhausted, prices will continue to climb. We're also finding out that a lot of the people buying new vehicles over the course of the past couple years were buying things way out of their price range, and are paying sometimes 50% of their gross income for them, and also have over 150% loan to value. Total debt junkies.

 

[Jocko]

I actually don't. They're the ones driving up the prices. Nobody needs a new Jeep. NOBODY. So they are willingly pushing prices through the roof. Until these "pay anything" people are exhausted, prices will continue to climb. We're also finding out that a lot of the people buying new vehicles over the course of the past couple years were buying things way out of their price range, and are paying sometimes 50% of their gross income for them, and also have over 150% loan to value. Total debt junkies.

Source?

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