Question About Jeep Value (before I take delivery today)

Fusilli Jerry

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So I'm picking up my new Nacho today. Bare in mind I already own a Punkin JLU, which I have now given to my girlfriend. Anyway, I have heard so much about the Jeep Wrangler holding so much of its vale blah blah blah. This morning I'm having few last minute butterflies about this commitment I'm about to make. So lets say 4 months from now I loose my job, or I just don't want the Jeep any more (not going to happen) I could theoretically sell it back to a dealership or privately, and walk away not owing anything to the bank? Am I dreaming here, or are my assumptions about right?
If you can get Jon Voight to sign the owner's manual and leave a chewed-up pencil in the glovebox, your Jeep WILL NOT depreciate in value ;)

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ScoobyBlue

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I think people need to keep in mind that what used vehicles are selling on the lot for is not what you’ll get on a trade-in, give back, or insurance claim. There’s not much customer negotiation power there when you’re giving back a vehicle.

Dealers use inside data, from places like Manheim Auto Auction which are updated frequently, as par for the course when doing trade-in deals. And you can only obtain that data if you’re a dealer or dealer’s agent. You’ll never get the price for your vehicle that you’re seeing on the lots.

And you’ll certainly never get near those prices for a give-back. Don’t see as you could IMHO. 🤷🏽 But you know what they say about opinions...😂
 

McGilli

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If we lost our jobs - we'd be selling our houses - and have awesome Jeeps to live in right?!?!

Right?!?!
 

RoadiJeff

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The rule of thumb is you lose 20% of a new vehicle's value as soon as you drive it off the lot. Think about that before you hop in and drive away.
 

entropy

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If you have to worry about depreciation on a second JLU, can you really afford to give your first JLU to your girlfriend?
ikr? lol get her a renegade or a crv or something, and keep your jeep.
 

Rcarpen22

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Wait, you can still order a nacho Wrangler? I’m not wild about the 2021 colors, but would dig nacho.
 

Rhinozeroone

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In the DC area, the resale is abnormally high. 2 colleagues of mine sold there Rubicons with one in 6 months for $500 more than negotiated price and 1 for 1000 less than negotiated price. They still had the cost of taxes (including property taxes in VA) and dealer fees.
 

Zandcwhite

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The rule of thumb is you lose 20% of a new vehicle's value as soon as you drive it off the lot. Think about that before you hop in and drive away.
That rule of thumb absolutely doesn't apply to wranglers. You'd be hard pressed to find a 3 year old JL for more than 10% off what you can get a dealer down to on a new one. You'll lose out on taxes and finance charges for sure, but in a private party sale you can easily get back what you paid for the Jeep or close to it. We bought our 2019 in September when the 2020's were hitting the lots, and got $6k off msrp of $56k as a result. A year and a half and 25k miles later, kbb shows private party value of $46-50k. You get screwed on a trade in, especially if you modded it at all. The jeep private party market actually pays out better in my experience for already built rigs to a point. Even if I sold it on the low end at $46k I'm only $4k bellow what I paid for the jeep not including tax and license, etc.
 

TJJL19

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For what it's worth, I paid 32,000 new, for my JKU, in 2015, 4 years later and 50,000 miles, someone hit my Jeep and totaled it, I got 28,000 for it. Have your girlfriend pay for the new Jeep, then when you loose your job, you'll get all your money back!
 

Jolonghorn

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Slightly different take:
- I bought a 2000 TJ Sahara in 2005 for $10k (sweetheart deal at the time)
- Sold it w/ 130k miles in 2011 for $10k
If I wanted to buy that Jeep back today (a friend owns it and only puts maybe 2000 miles a year on it) I would likely pay very close to what I sold it for, if not a little more.

My 2018 JLUR cost me $48 before TTL. I’m guessing I could sell it today for more than $40k.

Wranglers are incredibly good at retaining value.
 

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