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Thought these held their resale value??

10K views 56 replies 43 participants last post by  Chitownpete 
#1 ·
Was driving home the other day and something caught my eye. Stopped in, inquired about price and decided to have them appraise my new to me 2013 JKU Sahara with 40,000 miles. It's pretty much loaded with every option. Carfax shows accident but I have all paperwork showing it was a valet parking accident that left a mark in bumper. Accident was reported so insurance would cover, etc. No paint work, nothing other than bumper replaced.

Anyway, trade in came back at $17,000. I about fell out of my chair and decided to look into this. Had several other dealers appraise my JKU and price ranged from $17,000-23,000.

Thank god I wasn't serious about selling my JKU but DAMN, though these things were tops at holding their value? Shocked for sure.....
 
#2 ·
Something is amiss. 6 months ago I traded in my 2008 JKU Sahara with 113,000 miles and got $17,500 for it. They put it on their used lot and had it listed for $22k, probably sold it for around $18k or $19k. FYI- the initial trade offer was for $14k, but they came up when they saw I was serious about buying.
 
#3 ·
Just traded my 2015 JK Rubicon in on a 2016 JKU RHR and I got more in trade than I paid for it (I drive a hard bargain) plus got the JKU for 15% under MSRP.
 
#4 ·
they really hold their value when you try and buy one tho LOL.
 
#5 ·
What was the sticker on your vehicle in 2012 or 2013?

Kelly BLue Book is based on where you live. I ran what you described and the value here in west texas is $25 - $27+.

You need a zip code where it will sell.

As an example. I bought my 07 Hummer H3 in 2012 with 35k miles. loaded for $27.

I put on 12k miles and sold it in 2014 for $27k. Value in my neighborhood is great.

Where do you live?
 
#8 ·
Not sure of original sticker price but I do have the build sheet. I was really thinking 27K and they would sell it for 29-31K. I looked for a while before buying and I couldn't find a 13 JKU Sahara with under 50K miles for less than $32,000 with the options I wanted.

Looks like I will be keeping this Jeep for a long time!!!
 
#10 ·
I just traded my 2013 Sahara JKU with soft top only, cloth, navigation, and 33" tires for $26k. And that was with 11% off of MSRP on the 2016 JKU-HR so I know they didn't build it into the new one. Their opening offer was $24500, which I promptly turned down. I think KBB was 25500.
 
#11 ·
They hold their value. I just ordered a new one and got the deal done a couple of weeks ago.
I have a 2014 JK sahara, have driven it 27 months and put 30k miles on it. Paid 30500, they gave me 27500. And my new one was bought with chrysler affiliates so I know they aren't making up ground on the back end. Not sure why yours didn't appraise. ..you should be able to push for more if you were serious about trading I imagine.
 
#13 ·
I absolutely expected the carfax report to lessen the value, but not 10K. Especially for a non paint work, no body work repair. Literally was replace bumper with new Jeep bumper.

3 different dealers said they go by auction prices and the best they could do is 22K. That would be a loss of 7K in just under 2 months. OUCH.
 
#15 ·
I absolutely expected the carfax report to lessen the value, but not 10K. Especially for a non paint work, no body work repair. Literally was replace bumper with new Jeep bumper. 3 different dealers said they go by auction prices and the best they could do is 22K. That would be a loss of 7K in just under 2 months. OUCH.
You can't expect them to give you retail. You should have had the insurance company reimburse you for the devaluation from the accident. My state forces insurance companies to do that. If you bought it with the wreck on the Carfax, then you should have paid less than normal retail for it. Either way, your best bet is to hold it or sell private party.
 
#14 ·
That is a great reason to put some money in upgrades and keep what you have.
 
#25 ·
Exactly. Further, if you do a deal with a trade-in with a dealer, you will never know what you you paid for the new one or what you received for your trade as the dealers are expert at clouding up a deal and moving money from one column to another. If you're not sure of the value of your trade, CarMax will give you a written offer -- a good starting place.
 
#17 ·
Car fax definitely hurts value. Every thread on here about buying a used Jeep is full of check the car fax advice. Everybody loves that little car fox until they are getting rid of their own that has an accident report. Would you pay the same price for 2 identical Jeeps if one had an accident report and the other didn't?
 
#18 ·
I don't know if US dealers will do this, but in Canada, some dealers will do a 'courtesy trade'. It's when you sell your car privately, but it's done through the dealer, so you get the full trade-in value, and only pay sales tax on the balance owing.

You basically walk into the dealership with the new buyer of your Jeep, the dealer sells it to them, and you drive out with yours.

The dealer down the street from me wants $650 to do it, but I've found others that will do it for $50, which is quite reasonable, especially considering the potential tax savings.
 
#22 ·
I don't know if US dealers will do this, but in Canada, some dealers will do a 'courtesy trade'. It's when you sell your car privately, but it's done through the dealer, so you get the full trade-in value, and only pay sales tax on the balance owing. You basically walk into the dealership with the new buyer of your Jeep, the dealer sells it to them, and you drive out with yours. The dealer down the street from me wants $650 to do it, but I've found others that will do it for $50, which is quite reasonable, especially considering the potential tax savings.
good point, that works in the USA too, i did it with my two previous vehicles, not jeep but i assume any dealer will do it as at the end they just want your biz and they do not make money off the sales tax. I was charged just $250 each time for handling transaction, tax savings were $4k a d $8k
 
#19 ·
main issues are the accident reported and the fact you have only had it 2 months. Wranglers hold their value great but you can't expect to get close to your money back with an accident and only owning it 2 months. Buy an expedition for 60k and try to trade it in in 2 months with an accident reported and tell me wranglers don't hold their value
 
#21 ·
I am trading in my 2013 Sahara Unlimited hard top with 27k miles for $27k
 
#26 ·
Carfax shows accident but I have all paperwork showing it was a valet parking accident that left a mark in bumper. Accident was reported so insurance would cover, etc. No paint work, nothing other than bumper replaced.
Don't have a whole lot of knowledge in this area but I believe any accidents, no matter how minor it may be, will really affect the value when working with a dealer
It's the accident on the carfax. Doesn't make a difference if it was minor it will still affect resale value.
An accident is an ACCIDENT.

You choose to file a claim with your insurance, and that automatically makes it a big deal. Maybe in hindsight, you should have gotten the parking garage to also pay you "loss in future value"?
 
#29 ·
Was driving home the other day and something caught my eye. Stopped in, inquired about price and decided to have them appraise my new to me 2013 JKU Sahara with 40,000 miles. It's pretty much loaded with every option. Carfax shows accident but I have all paperwork showing it was a valet parking accident that left a mark in bumper. Accident was reported so insurance would cover, etc. No paint work, nothing other than bumper replaced.

Anyway, trade in came back at $17,000. I about fell out of my chair and decided to look into this. Had several other dealers appraise my JKU and price ranged from $17,000-23,000.

Thank god I wasn't serious about selling my JKU but DAMN, though these things were tops at holding their value? Shocked for sure.....
Someone is trying to screw you. I traded in my 2013 JKUS with 54,000 miles last April and got 3K less than what I paid for it new
 
#32 ·
One thing I didn't see mentioned here, and a large part of the equation: what the OP was shopping to trade against. If the vehicle on the lot is the same value or close to the trade in, or being advertised at low price (teaser price to bring in traffic) with very little margin, then the trade in suffers.


Part of it is luck, if the lot you stop is chocked full of vehicles similar to your trade in, they've got no incentive to buy, unless they can steal it (They've more than likely got more vehicles than you see on the lot). When I traded my Yukon in on my Jeep, the salesmen slipped and mentioned they had a buyer: so rather than my Yukon going to auction, I knew it would sell and got much more for it then I hoped.


You'll also notice the people that respond how well they did on resale also mention how well they did on the initial purchase.
 
#33 ·
I don't know about the rest of the country but in NJ the New Car Dealers go by Galves not KelleyBlueBook. Even still, it seems to me that you were getting low-balled.
 
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