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 valueSo 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?
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.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.