Do Jeep Wranglers really hold their value? - Jeep Wrangler Forum

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Old 03-20-2017, 01:28 PM   #1
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Do Jeep Wranglers really hold their value?

After already having spent a fair chunk of money on after market parts, it got me thinking if the "Jeep Wranglers hold their value well" is just an illusion.
Is it not just because we pump thousands of dollars into them and when they are sold, the additional spending on after market stuff is not correctly reflected by KBB.
So on paper it looks good compared to purchase price, but in reality we lost a heck of a lot more money.
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Old 03-20-2017, 01:42 PM   #2
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Aftermarket parts are not an investment that increases vehicle value significantly. I discount the price of parts by 90% and labor by 100%. Mods are something fun that returns nothing but smiles.

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Old 03-20-2017, 01:46 PM   #3
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"IF" well maintained and left unmolested - historically, Yes.
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Old 03-20-2017, 02:36 PM   #4
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YES. I think all of it has to do with price increases on new Jeeps though. Jeeps with the same specs that my 2014 has with more miles than what mine has are frequently advertised at places like car max (no haggle) for more than what I paid for mine new. Modifications typically lower the value of the Jeep IMHO. You are better off saving all the original parts and swapping back to stock before selling. Then you can sell the parts on eBay or craigslist.
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Old 03-20-2017, 02:44 PM   #5
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Depends on mods and who you're selling to.
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Old 03-20-2017, 02:49 PM   #6
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from my experience...
2012 4dr brand new (base model w/ ac only) 23988 in July 2012
Traded it in on December 2013 for 23500. I had 5k of mods but I agree with @Blort ... To me, mods are not considered an investment.
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Old 03-20-2017, 02:53 PM   #7
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Unless doing a private party sale to someone who likes the way you built your Jeep, mods will not gain you much (and sometimes will devalue) your sale price.

Carmax is a great example...they charge you $2500 for non-factory wheels (no, I'm not kidding). I traded in my 14 Jk for my 14 JKU, they gave me 28k as a trade in price (with a little note that said deduct $2500 if original equipment wheels are not mounted/installed)
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Old 03-20-2017, 02:56 PM   #8
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Old 03-20-2017, 03:02 PM   #9
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Same here.

I do not see big mods as an investement. But some are made in a way that yes, it will help the resale value. But that all depends on who is looking to by.

Exemple, if you are selling, and the croud is looking for something nice for around town or a a base for an overland rig, a tj on 35" and 4"+ of lift is not the best vehicule. I don't even look into those vehicule for friends when they as me to help. Is you are looking for a trail rig, some byer are just cheap gyus looking for a mud beater.

I saw overland tjl where sellers ask for 30, 40 000$ plus and hole to there price, and I beleive that some will sell. They are not trail rigs, nore dd, but they are built for a purpose.

And then you have the midly built basic jeeps, with just big enough tire, healty suspension, clean paint, interior and body that hold theire value big time. All depend of the maket and the season around you and if you ar in a hurry to purchase or sell.

Some people ask big money for YJs and some people by them thinking that they are so hold that they should be chepaer then Later TJ or JK.
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Old 03-20-2017, 06:15 PM   #10
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I think most of us do mods for where we may travel off the pavement or just because and do not really consider resale. Happiness has a price.
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Old 03-20-2017, 07:24 PM   #11
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Wranglers hold their value exceptionally well. The things people bolt onto them do not hold their value very well.
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Old 03-20-2017, 07:29 PM   #12
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Quote:
Originally Posted by Blort View Post
Aftermarket parts are not an investment that increases vehicle value significantly. I discount the price of parts by 90% and labor by 100%. Mods are something fun that returns nothing but smiles.
It's sucks but I agree. That is one of the reasons I bought a Rubicon. Sure I could have built a Sport to be an off road monster, but in the end it is only worth what a stock sport is worth.

I found that out the hard way, when I started buying and selling Wranglers. Stock Wranglers always sell faster for me.
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Old 03-20-2017, 07:31 PM   #13
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Quote:
Originally Posted by unsocbl View Post
Unless doing a private party sale to someone who likes the way you built your Jeep, mods will not gain you much (and sometimes will devalue) your sale price.

Carmax is a great example...they charge you $2500 for non-factory wheels (no, I'm not kidding). I traded in my 14 Jk for my 14 JKU, they gave me 28k as a trade in price (with a little note that said deduct $2500 if original equipment wheels are not mounted/installed)
That is a great example of why I kept my stock wheels. I wanted to sell them for more mods.
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Old 03-20-2017, 09:56 PM   #14
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My Wrangler had the best resale value of all the vehicles I've owned. I bought a used 2009 for about $30k, and sold it three years later for about $27k. Only a $3k loss in three years is exceptional.

The key thing to remember though is that the value of mods are in the eye of the owner. What you find necessary and great won't necessarily have the same impact on a new owner.
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Old 03-20-2017, 10:31 PM   #15
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Bought a jku sport in 2014 for 28k. I drove it for 100k miles. Got into a car accident with 9k damage. Insurance wouldn't total it because they said it was worth 27k. So after 100k miles i only lost a thousand.
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Old 03-20-2017, 10:48 PM   #16
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Quote:
Originally Posted by unsocbl View Post
Carmax is a great example...they charge you $2500 for non-factory wheels (no, I'm not kidding). I traded in my 14 Jk for my 14 JKU, they gave me 28k as a trade in price (with a little note that said deduct $2500 if original equipment wheels are not mounted/installed)
Good to know.
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Old 03-20-2017, 11:32 PM   #17
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Wranglers hold their value FOR SURE....... I purchased a 1998 Wrangler TJ Sahara in 1997 for $21,000 I had it for 19 years...... moderate 3" lift...... 33" tires..... some after market bumpers, etc. All the normal stuff jeepers do....... 19 years later it had 178K miles on it when I hit an ice patch going home from work.... into the jersey barrier I went. Wasn't that bad, but frame was bent -- no body damage at all...... Insurance company totaled it and cut me a check for $8,500....... Do the math..... 21K new....19 years later 8.5K....... Best vehicle I have ever owned.... Now I have a 2017 JKU....... didn't blink an eye getting another jeep....
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Old 03-21-2017, 01:37 AM   #18
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Mods do not add to the overall price one can sell a Wrangler for, but they do add to the SPEED at which the Wrangler is sold. Dealers love to buy well "thought out" modified Wranglers for stock Wrangler KBB trade-in prices. Then later they put them out on the lot for crazy mark ups well above KBB retail pricing. Stupid part is folks often pay near the asking price because the dealer has the ability to help with finance. Not so with the vast majority of private party "cash" buyers. Either way clean well taken care of Wranglers bring one of the best private sale/trade-in price % vs original cost of any vehicle.

Many folks myself included have found that they have come out on the plus side when leasing Wranglers even when they are over the mileage limit. Bought our 2013 JKU out from our lease for $18.5K six months ago. Recently while in for service the dealer approached us and offered us $24.5K to trade it in. Had to laugh at $24K knowing they would put it on their lot for $28-29k on the low side. Gota love Capitalism!
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Old 03-21-2017, 01:59 AM   #19
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I agree, I bought my 2005 in 2007, so I think the JK affected the TJ a bit.. I bought it with 17k as a one owner, stock Jeep. It was $14,200 off the lot. When it came time to trade it in for the JKU back in October 2012, I didn't have a lot of time on my hands to try to sell it first. I probably could have gotten a bit more than I did, but the dealer gave me about 11k for the TJ on trade in. I didn't think that was too bad for a trade in value at 105k. I had almost 5 years in that TJ and only a difference of $3200 or so.
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Old 03-21-2017, 06:36 AM   #20
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I'm no expert on mods. But I figure if it's an appearance mod, the buyer will likely not have the same taste as the seller. If it's mods made for driving off road....if the seller did job right using quality parts then maybe it's been ridden hard on the trail. If the off-road mods were done only for style and the Jeep was never taken off pavement, then how does the seller know it wasn't done cheaply and only for style?

As far as the resale value of the Wrangler itself, I looked into this a LOT, and it's why I ended up buying new.

I drove a 2015 Sport as a service loaner while my Grand Cherokee was in for recalls and I thought it was so much fun. I thought maybe I'd find some old $2500 Wrangler I could pick up on Craigslist and play around with. There is no such thing as a $2500 Wrangler, at least not one that runs.

A 2004-2005 in good shape looks to be worth around $10,000 or so. For a vehicle that sold new for the same price as a typical family sedan. Would you pay $10,000 for a 2004 Malibu or Taurus?

Then I thought maybe I could buy a slightly used JK. I saw a local Chrysler dealer had a 2015 Sport, automatic, power windows and locks, 12,000 miles........for $1500 less than sticker price of a brand new 2016! Who in their right mind would buy a used car missing 1/3 of its factory warranty to save $1500?

So I went looking at new, saw a 75th Anniversary and thought it was cool, and bought it. I hope to take great care of it and keep it 20-30 years, but I also know that if I sell it today, tomorrow, or five years from now, I'll get most of my money back.

In summary, do what I did and try to price out a used Wrangler. And just for fun price out any other used vehicle that also sold for $20-30k when new.....Accord, Sorento, Outlander, Impala, Equinox, RAV4, even other Jeep models.......none of those will have resale value anywhere close to a Wrangler. Only close competitor would be Toyota Tacoma.
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Old 03-21-2017, 07:02 AM   #21
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Well, I paid $33750ish for my JK Rubicon in April. It now has 3,150ish miles on it, and I could trade it in minus the JWS lighting for $36kish. So I'd say yes, they hold their value pretty well.

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Old 03-21-2017, 07:13 AM   #22
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OP's point is a good one, but I think it's being missed by most of us.

So yeah, sure, we only lose $500 a year or something to depreciation.

But because we're suckahs, and we gotta have the latest shiny for our Jeeps, and we hang out here just to see what new thing has come out that we don't have yet...

We end up spending $4000 a year on mods that don't increase the Jeep's trade-in or resale value at all.

So we actually lose $4500/year total, but get to brag about our low, low depreciation.

It's a brilliant point.

I bet I would lose about $2000 right now in depreciation if I sold my 20,000-mile 14 WW. But I probably have 15,000 in it (who's counting??? ). But nobody will know about that when I go bragging about my high resale.
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Old 03-21-2017, 07:19 AM   #23
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In my experience, yes. In 2011 I bought a fully loaded JKUS for around $39k. I took great care of it, and 2 years in I decided to start modding. I had just completed it in July of 2015 - steel bumpers front and rear, lift kit, 35's etc etc when it was totaled by a drunk driver. At the time of my accident, I had 22,000 miles on it. The frame was severely bent, and many of my mods were unsalvageable. The insurance / subrogation aspect of my claim lasted 3 months while I drove a rental. Towards the end of 2015, when the claim as settled, I was given $38,700 for the loss. This was not including my mods. My carrier was able to subrogate through the other driver's insurance to get me 80% of the ~$9k I had in receipts for my mods due to the other driver's carrier accepting 100% liability. This may not be common, and may not be everyone's experience with insurance companies, as those mods can be deemed "personal preference" items that do not add value to the vehicle. But the point is, my insurance paid me nearly what I bought the vehicle for, nearly 4 years later. I had many discussions with my adjuster, body shops, and claim managers who pretty much all concluded that these vehicles do hold their value, and that it is pretty uncommon to have almost no depreciation on a claim such as mine. I had heard that well before I bought a Wrangler, and although it isn't why I bought my first one, its no coincidence that I bought a second one. Well, that plus the fact that it saved my life.
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Old 03-21-2017, 08:40 AM   #24
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My last JK brought me $3500 less than my purchase cost after 5 years use at 90k, with dealer listing for resale for more than I bought it for with 15k on it.

Don't feel I lost any money on the deal.

re: "in reality we lost a heck of a lot more money." Perhaps the mods are like 'comfort food' and 'empty calories'....add to the waist line without contributing much to the 'financial health line'. The $$$ some slather on their Jeep Mania doesn't reflect the objective value others are willing to spend in service to those subjective notions of 'value'.
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Old 03-21-2017, 09:18 AM   #25
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OP's point is a good one, but I think it's being missed by most of us.
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Well, not you NoGaBiker gets it.
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Old 03-21-2017, 10:57 AM   #26
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I bought my first Wrangler, 2007 JK X with 60,000 miles on it, in 2010. I think I paid $14.5. Had it for seven years, completely stock, and put another 60,000 miles on it. When it was stolen, I was stunned to learn my insurance company valued it at $15.5, especially since I was finding similar ones for sale at $12.5. I ended up hoping it wouldn't be recovered. Just my luck the cops found it 10 days later in pieces. My insurance company cut me a check for $7500 and my dealer gave me $5,000 as a trade in (would have given me $8,000 if I put wheels and tires back on it).

If I had known that was going to happen, I would have stolen it myself.
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Old 03-21-2017, 11:04 AM   #27
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Resell value is why we wound up purchasing a new JKU back in 2011. After searching the web and local lots for used JKU, we quickly discovered that they were selling for only a few thousand less than brand new Jeeps. When we looked at the bottom line of saving a couple grand vs a brand new JKU with no miles, a warranty and cheaper financing, it didn't make sense to buy used. Plus, we tend to keep our vehicles for a long period of time. Six years later, I have no regrets.
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Old 03-21-2017, 12:29 PM   #28
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Resell value is why we wound up purchasing a new JKU back in 2011. After searching the web and local lots for used JKU, we quickly discovered that they were selling for only a few thousand less than brand new Jeeps. When we looked at the bottom line of saving a couple grand vs a brand new JKU with no miles, a warranty and cheaper financing, it didn't make sense to buy used. Plus, we tend to keep our vehicles for a long period of time. Six years later, I have no regrets.
I had the same experience when I went shopping to replace my stolen JK. I had purchased that one used and just assumed I would be doing it again. I was surprised to see how close the (relatively low mileage) used ones were in price compared to the new ones. Plus, when you buy used it's hard to find one that has everything you want but just as importantly has nothing you don't want and don't want to pay for. Ordering a new one was actually cheaper than a lot of the (relatively low mileage) used ones since I was getting a Willys Sport but without a lot of what I consider frills like air conditioning, power windows, heated seats, etc.

Considering the cheap interest rate, 1.99%, a warranty and my plans to hold onto this one until the wheels fall off made buying a new one a no brainer.
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Old 03-21-2017, 01:55 PM   #29
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if you buy a Jeep from Koon's with the 7% below invoice and then get buyers remorse, you could walk from the Jeep and nearly break even in a private sale. that's how well they hold their value and how much you can get for a Wrangler from someone who either doesn't know about Koon's or isn't willing to go down to Virginia to get a Wrangler.

this is presuming you kept it stock. once you start throwing stuff in...forget it. people drop $5K into suspension work, thinking they'll get that back when they go to sell it. you'd be lucky to add any value at all, in fact it will hurt you in a trade in if you ever trade to a dealer. last thing a dealer wants to deal with are custom mods on a trade in. it's a liability nightmare
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Old Yesterday, 01:35 PM   #30
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My old 1997 Jeep Wrangler blue book was $3000.
I could have got $5500 any day of the week. I had to park it in the garage because people would leave notes on it asking it I wanted to sell it.

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