Trade in prices going up

[Caliguy]

So a previous dealer had offered me $45k for my 2022 rubicon 3.6l e torque with 8300 miles back in January.

today I got a text from that same dealer (different salesperson) asking if it was still interested in selling.

after spending about 30 minutes with them they decided to offer $51k if i bring back to stock now with a hair above 10k miles.

now my msrp when purchased was $59k. I paid msrp but have also got over $30k In Upgrades so if I returned to stock and got $51k, it doesn’t seem like a bad deal.

checking Jeeps build website.. same Jeep with factory option is now $72,800!!!

So used Jeep values increasing again but I think it’s due to Jeep simply raising msrp.

What do you think?

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[Cowboy from hell]

I think you paid too much in upgrades..yikes!

 

[SaintNick]

It's crazy to me that they can get $100K for a $30K vehicle. I think Jeeps are fun, but not worth more than $40K loaded. People will keep buying them though.

 

[GMX]

What is KBB trade in value on your Jeep?

 

[Caliguy]

What is KBB trade in value on your Jeep?

a lot higher than I expected

 

[aldo98229]

Just got a coupon in the mail for $2,000 off a new Jeep.

Can't imagine Jeeps are selling that well right now if they are mailing out coupons.

 

[Jeep Dude]

It's quite simple.

If this were a book, chapter pre-kovid world ended, and post-kovid world, à la reset has begun, and still fresh, there is a good ways to go.

Yesterday's $60000 will soon be the new 6 digit $100000 normal. That $45000 buyer, will now be the $75000 one.

The credit ball will continue to roll until it crashes and burns.

Holy $hit, do I consider myself lucky, I bought mine, and paid for it in one shot, just as chapter pre-kovid was ending.

..And Guess what? I ain't selling no matter what "they" offer me

 

[Caliguy]

I’m only looking to sell to get into a 392

 

[vetygud]

The Jeep dealership, that I bought my 2022 Willys 2 door from, has been sending me an "exclusive offer" that they will give me 110% trade in value. I bought it less than a year ago. Another closer Jeep dealership where I have gotten warranty work done has started sending me notices that they want my Jeep.

I'm quite happy with it and have just started modding it to suite my needs. I like my 2 door 3.6L non-hybrid, 8 speed, non-e-Torque, that is no longer available in the 3.6L, 8 speed, 2 door configuration.

 

[Beachcomber72]

Just got a coupon in the mail for $2,000 off a new Jeep.

Can't imagine Jeeps are selling that well right now if they are mailing out coupons.

That’s Jeeps new oil change coupon…

 

[ArcadeTracks]

Just got a coupon in the mail for $2,000 off a new Jeep.

Can't imagine Jeeps are selling that well right now if they are mailing out coupons.

Probably to clear out the 2023s. And it actually seems those coupons aren't uncommon.

 

[ajkitebrder40]

I can vouch for this, I bought my JLUR for $42,500 (manual, hard top, safety group) from Gupton in November 2021. I just told it to Carvana for $45,800 with 13,500 miles and a recall on it.

 

[MDawg]

Wow, this is interesting news. I thought I was going to lose my rear end on trading in my 4XE for my 392 with the current high interest rates. Looks like things are better than I thought in the used market!

 

[JSFoster75]

A lot of people paying "stupid tax" with these high interest loans... The whole "Buy now, pay later" is a disease in our current generations...

 

[TheRaven]

There are too many factors at play right now to really say with much certainty what's going to happen. Personally I would not be buying any of these "must have" type vehicles (Rubicon, Bronco, Raptor, TRX, Hummer, etc) for awhile unless you can get a really good under invoice type deal. The used market is being supported by inflated MSRPs...but with rising interest rates those MSRPs are not going to hold up for the long run. At some point either massive rebates are going to return or price cuts are going to happen and that's going to crash the used market which means anyone who buys now is going to get crushed. When will that happen? That's the big question. Most thought it would have happened by now. But at this point it's pretty clear that it's anyone's guess...could be this fall, could be 2028.

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