Prices just keep climbing.....

[wcjeep]

Prove it.

AC becomes standard. They lowered the price by $1k on lower trim models. The rumor is to compete with base Bronco. Advertising gets to say "Starting at $????".

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[Old Dogger]

Just a note, but this is " Inflation" at work. Everything goes up; home prices may come down, but higher interest rates wipe out any savings to the purchaser.
When the Music Stops, it will be with a Bang.
These increases across the board are unsustainable, when employment falters, the Pay Check to Pay Check people will be the first casualties of the coming Cascade Effect.

Yep, it is estimated that 2/3rds of the working population in our great Country, are living on pay Check to Pay Check. They are at risk, of losing everything..very sad..

 

[four low]

Back at it ; those ultra-long low payments per month can be great if you are disciplined enough to pay principal AND payment each month.
This way, you have low payments to fall back on if the SHTF, you won't lose your vehicle.
Lean Times, an affordable payment; Fat Times, pay down that principal. Requires discipline, and enough equity in a trade, or cash down, to get the payments that you can live with, ; now you have a car loan that is far less than a personal loan. Again, thinking and planning are required to make this work.

 

[Asterix2112]

Another thing that pisses me off. When I bought my Jeep 4xe I put down more then half, and financed the rest (as I got $1000 off using their financing, paid it off in 6 months so my interest was only a couple hundred dollars). So I had no chance of my car being underwater in value, ever. But when I did the financing the lady asked me, "do you know what GAP insurance is?" I said yes, but she ignored me and proceeded to explain it to me in detail. Now she KNEW I was putting down about 60% and GAP insurance didn't even apply to me, but yet was still trying to sell it to me! She was a piece of cake, and kept trying to sell me warranties even though I told her nicely I was not buying any up front. I had to walk out and get a manager to get her to shut up with all her unwanted up-selling.

 

[KnightWrangler22]

Mine jumped $2,300 on the Jeep side and $3k on the AEV side mid-January. All price protected. I'd hate to think how much it'd cost now.

I picked up my jeep today, was shocked when the MSRP went up. Luckily they honored my first price… but jeez!!

 

[driventoadventure]

It's almost as if fiat currencies have to constantly decrease in value to drive growth.

 

[Ratbert]

I picked up my jeep today, was shocked when the MSRP went up. Luckily they honored my first price… but jeez!!

Yeah, I was just looking at the totals on mine and my December order is $11k under today's MSRP (Jeep + AEV). I ordered at the right time and from a dealership with good pricing.

And yes, 2022 prices went down for mine quite a bit versus 2021 due to Jeep making a few things that I wanted standard.

 

[Majestic]

Plus used car values, are up approx. 40%. There doesn’t seem to be any end in sight. But because of the interest rate hike, home prices may level off, or even drop some.

Quite frankly, used cars are holding value better than new cars are increasing, so we’re actually ahead in my book. My Jeep is worth exactly what I paid for it 3 years ago and even with price increases a new Jeep is cheaper per month than mine is if I consider my trade in value.

That being said, Jeep’s “inflation” seems to be higher than actual inflation. A Corvette 3 years ago was only $5k cheaper than now while my same Jeep build is about $9k cheaper. Corvette has a year long wait while Jeep can get built and delivered in 8 weeks.

 

[Majestic]

I wonder what the average numer of months financed is too.
36mo used to be the norm, then 60mo. Now its not uncommon for people to go 72 and 84mo.

I just configured a 2023 JLUR with the same options as my 2019. Its over $5000 more expensive. Only difference being my 2019 has the v6 vs 4cyl turbo.

When 36 month loans were the norm cars barley lasted 4 years and were worth about $500 salvage value when paid off. That’s back when odometers didn’t even bother going to 6 digits.

 

[Majestic]

AC becomes standard. They lowered the price by $1k on lower trim models. The rumor is to compete with base Bronco. Advertising gets to say "Starting at $????".

The Bronco is the best thing to ever happen to Jeep. We might even get a “premium” top standard like the Bronco one day at no extra cost.
The only reason a rugged off-road Jeep with WWII era steering and handling can cost what a fully loaded Grand Cherokee can is because there was no competition and we kept giving Jeep whatever they asked for.

 

[Brsox]

I wonder what the average numer of months financed is too.
36mo used to be the norm, then 60mo. Now its not uncommon for people to go 72 and 84mo.

I just configured a 2023 JLUR with the same options as my 2019. Its over $5000 more expensive. Only difference being my 2019 has the v6 vs 4cyl turbo.

Yeah, isn't that crazy?? My last raise was in 2019 and it was only a 2% cost of living adjustment. Haven't gotten a dime since. Only reason I'm even considering a new vehicle is that my 4Runner is actually worth more, on KBB, than what I paid for it in 2019. Used car values are so high people like myself are just rolling over the equity. Something has to give soon, however. I paid $45K for my TRD PRO 4Runner in 2019. As of a few days ago, KBB had trade value at $47K. We'll see what the dealer offers when my Jeep arrives. I'm guessing they are going to lowball me.

 

[Brsox]

The Bronco is the best thing to ever happen to Jeep. We might even get a “premium” top standard like the Bronco one day at no extra cost.
The only reason a rugged off-road Jeep with WWII era steering and handling can cost what a fully loaded Grand Cherokee can is because there was no competition and we kept giving Jeep whatever they asked for.

Well, the Bronco has been out for a while now and Wrangler prices just keep on climbing. Maybe they'll offer the premium top as standard equipment at some point but it will not be "at no extra cost." They will just raise the base price of the vehicle.

 

[mnjeeper]

My last raise was in 2019 and it was only a 2% cost of living adjustment.

I hate seeing crap like this. You are getting screwed with all the price hikes and expected to live on 2019 money.

Hope it turns around big for you, soon.

 

[Ratbert]

When 36 month loans were the norm cars barley lasted 4 years and were worth about $500 salvage value when paid off. That’s back when odometers didn’t even bother going to 6 digits.

And fuel pumps only had two digits, so they max'd out at 99(.9) cents per gallon.

 

[five9dak]

I hate seeing crap like this. You are getting screwed with all the price hikes and expected to live on 2019 money.

Hope it turns around big for you, soon.

Yeah I was about to tell him to go job hunting, but it would have been better to lock that down about 9 months ago. I wouldn't want to be the new guy when hiring freezes turn into layoffs here soon.

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