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Old 07-29-2019, 09:37 PM
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The price of New JL/JT/ETC

As the new Gladiator rolls out dealership doors it is odd to see how people can fit this into their budgets let alone any $50,000+ vehicle.

$50,000 purchase price
60 months @ 5% = $944/mo
72 months @5.25% = $811/mo
84 months @5.75% = $724/mo

You can add lots of variables, but essentially "A credit", put down you taxes, possibly get hit by "tag" fees and then add a few mods to make it "yours".

Just... how the heck do people do it? The numbers seem astronomical to me.

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Old 07-29-2019, 10:15 PM   #2
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I'd bet most people are putting money down. I wouldn't even think of buying a new/newer vehicle without ~10k down minimum.

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Old 07-29-2019, 10:29 PM   #3
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Some people also lease.

But a lot of people not only make good money, many have figured out how to reduce other expenses to make room for a new Jeep.

Or some people are barely able to squeeze in the payment and they're living paycheck to paycheck.
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Old 07-29-2019, 11:48 PM   #4
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No thanks I'll stick to my paid off yj
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Old 07-30-2019, 01:31 PM   #5
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I pay cash for my cars. My wife has a Rouge with 115k on it that I paid x amount for it up front plus money I borrowed from my 401k Once I sold her car that we replace with the Rouge, I paid my 401k back. Took about 2 months.

Modern cars are good to 200k anymore with care, especially Japanese branded ones. I bought hers with 100k on as a 2 year old ex sales car. Clean Carfax.

Im lucky to have a company truck. YJ comes out on weekends and stays inside all winter. If I needed a car, it would be a 3-5k beater.

Pay yourself a car payment every month and youll have an awesome down payment when needed.


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Old 07-30-2019, 01:37 PM   #6
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If you're settling on a 5% interest rate you probably aren't making a very good choice to begin with.
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Old 07-30-2019, 01:49 PM   #7
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You're driving a nice '17 Rubi. That was probably over $40k. You've spent some money on it since purchase. How did you do that?


I would bet that most JL's sold are financed in the three year range. If you're stretching a vehicle past five you can't really afford it.



And, not to start a pissing match but if you're buying cars at 5% you need a new bank. Lenders are giving money away at super low interest.
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Old 07-30-2019, 02:44 PM   #8
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My feeling is if you can't write a check for 50k you should not be driving a 50k vehicle. Once you do then be sure to trade it in every 2-3 years then that check for the next new one is significantly smaller.

I do a new Ram each year and wife does new every 2 or little more. The Ram is about 7k on avg each year and wife usually is around 12k.

Edit.... You have to allocate funds for transportation forever even if you trade annually because depreciation starts day one and is like a cancer it doesn't stop. If you have to have that new whatever right now and can make triple- 4x the monthly payment each month then I would say that is OK to do. Otherwise you end up with a no value trade in 6-7 years to do it again. Be in same leaky boat.
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Old 07-30-2019, 03:03 PM   #9
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I'd bet most people are putting money down. I wouldn't even think of buying a new/newer vehicle without ~10k down minimum.
Why would you ever put money down on an auto purchase? Yield on my money exceeds that of the loan rate.
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Old 07-30-2019, 04:13 PM   #10
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I'd bet most people are putting money down. I wouldn't even think of buying a new/newer vehicle without ~10k down minimum.
Why would you ever put money down on an auto purchase? Yield on my money exceeds that of the loan rate.
If personal finances were nothing more than math problems, most people would be rich.
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Old 07-30-2019, 05:13 PM   #11
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Why would you ever put money down on an auto purchase? Yield on my money exceeds that of the loan rate.

With that logic, why buy anything that isnt on credit? Im sure you already know the answer.
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Old 07-30-2019, 07:38 PM   #12
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As the new Gladiator rolls out dealership doors it is odd to see how people can fit this into their budgets let alone any $50,000+ vehicle.

$50,000 purchase price
60 months @ 5% = $944/mo
72 months @5.25% = $811/mo
84 months @5.75% = $724/mo

You can add lots of variables, but essentially "A credit", put down you taxes, possibly get hit by "tag" fees and then add a few mods to make it "yours".

Just... how the heck do people do it? The numbers seem astronomical to me.



Lets do the math:


Lets put down $20,000 (either in cash, you traded something in, or both)
Now you are financing $30,000
$30,000/60 = $500/month
$30,000/72 = $416/month
$30,000/84 = $357/month


Those payments are a bit easier on the wallet but the time (60 months+) paying off is still high.


The more you put down on the vehicle the lower the payments.
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Old 07-30-2019, 09:38 PM   #13
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If personal finances were nothing more than math problems, most people would be rich.
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Old 08-01-2019, 04:25 PM   #14
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Some people also lease.

Or some people are barely able to squeeze in the payment and they're living paycheck to paycheck.
Both of these.

More people lease than buy because the payment is lower. If they do buy, that’s why the 72-84 month loans are so popular now, many do not look long term or put money down. People only care about the monthly note.
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Old 09-11-2019, 08:13 AM   #15
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Originally Posted by Shadowmaker View Post
As the new Gladiator rolls out dealership doors it is odd to see how people can fit this into their budgets let alone any $50,000+ vehicle.

$50,000 purchase price
60 months @ 5% = $944/mo
72 months @5.25% = $811/mo
84 months @5.75% = $724/mo

You can add lots of variables, but essentially "A credit", put down you taxes, possibly get hit by "tag" fees and then add a few mods to make it "yours".

Just... how the heck do people do it? The numbers seem astronomical to me.
Are you saying that you don’t understand simple math?
Or do you not understand that not everybody makes the same amount of money as you?
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Old 09-11-2019, 11:44 AM   #16
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Old 09-11-2019, 02:47 PM   #17
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If personal finances were nothing more than math problems, most people would be rich.
I agree. It comes down to wants vs. needs.

My F-150 is 15 years old and in great shape.
Do I want a new one?? For sure.
Do I need a new one?? Nope.

Can I afford the payments?? Yep.
Do I want the payments? Nope.

Good Luck, L.M.
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Old 09-12-2019, 04:01 AM   #18
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I've realized I'm done trying to beat the Jones'. Because I've realized over the years, they're flat broke!

It is ridiculous. And that's not even factoring in weld and mount issues (none the less the (imho) ugly look of the Gladiator). I'd never spend 50k on any truck, but certainly not that thing. I used to always convince myself I needed something new, but it doesn't make you happy, you're often too scared to scratch the damn thing or mod it, and you're stressed with payments every month. I mean, I could afford a 50k car, but god forbid I want to travel or buy something nice, I'm maxing my budget or exceeding it, easy!

But I see it all the time. People we know driving 50k+ vehicles. One lady my wife works with, she has a Denali. They're in over 65k in cc debt, and are constantly fighting and stressed... but they had to buy a new Denali. I don't get it. She told my wife in passing they'd be embarrassed to drive something lesser in Scottsdale. I refuse to buy a car for someone else's approval, haha.

With my JK, my goal was to get out of all that. I found one with low miles (it's an 09, but only has 64k miles on it), lowered my monthly loan payment by over 200 bucks, my registration when from nearly 700 a year to around 100-150 if memory serves me right, heck even insurance is cheaper by 200 plus every six months.

The irony? People see my Jeep and think it's brand new and assume I paid out my ass for it. Never got compliments like that on my Tacoma, which was an overpriced vehicle by a landslide if I have to admit.

We saved some money, put that down to compensate for negative equity, and I'm so much happier. Can't wait for my first loan payment, I'll never be so happy to part with my hard earned money just so I can see how little I'll pay.

Got an extended warranty thrown in for free from my dealer, and going to ride this thing for as long as she'll let me. It's a timeless vehicle, and I regret every day the moment I sold my last Jeep, and won't be letting go of this for nothing. Once it's paid off, it's nearly free living after that. Can't wait.
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Old 09-12-2019, 05:59 AM   #19
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I've realized I'm done trying to beat the Jones'. Because I've realized over the years, they're flat broke!

It is ridiculous. And that's not even factoring in weld and mount issues (none the less the (imho) ugly look of the Gladiator). I'd never spend 50k on any truck, but certainly not that thing. I used to always convince myself I needed something new, but it doesn't make you happy, you're often too scared to scratch the damn thing or mod it, and you're stressed with payments every month. I mean, I could afford a 50k car, but god forbid I want to travel or buy something nice, I'm maxing my budget or exceeding it, easy!

But I see it all the time. People we know driving 50k+ vehicles. One lady my wife works with, she has a Denali. They're in over 65k in cc debt, and are constantly fighting and stressed... but they had to buy a new Denali. I don't get it. She told my wife in passing they'd be embarrassed to drive something lesser in Scottsdale. I refuse to buy a car for someone else's approval, haha.

With my JK, my goal was to get out of all that. I found one with low miles (it's an 09, but only has 64k miles on it), lowered my monthly loan payment by over 200 bucks, my registration when from nearly 700 a year to around 100-150 if memory serves me right, heck even insurance is cheaper by 200 plus every six months.

The irony? People see my Jeep and think it's brand new and assume I paid out my ass for it. Never got compliments like that on my Tacoma, which was an overpriced vehicle by a landslide if I have to admit.

We saved some money, put that down to compensate for negative equity, and I'm so much happier. Can't wait for my first loan payment, I'll never be so happy to part with my hard earned money just so I can see how little I'll pay.

Got an extended warranty thrown in for free from my dealer, and going to ride this thing for as long as she'll let me. It's a timeless vehicle, and I regret every day the moment I sold my last Jeep, and won't be letting go of this for nothing. Once it's paid off, it's nearly free living after that. Can't wait.
Very cool.
I’m sure you also have a great wardrobe that you got cheap at local thrift shops and the Goodwill.
BYOB instead of full service when(if)you go out to eat.
Cheap thin tp instead of ultra quilted Charmin.
It’s all good and to each his own 👍
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Old 09-12-2019, 06:41 AM   #20
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Never skimp on TP, just saying.
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Old 09-12-2019, 06:46 AM   #21
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Never skimp on TP, just saying.
This.
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Old 09-12-2019, 12:00 PM   #22
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Very cool.
I’m sure you also have a great wardrobe that you got cheap at local thrift shops and the Goodwill.
BYOB instead of full service when(if)you go out to eat.
Cheap thin tp instead of ultra quilted Charmin.
It’s all good and to each his own 👍
Actually I do get my clothes from thrift shops.

Don't worry though, I save enough to afford the best of tp. Not sure how we ended up there, but since you asked...
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Old 09-12-2019, 06:35 PM   #23
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Cheap thin tp instead of ultra quilted Charmin.

Charmin is all hype, Scott is where its at.
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Old 09-12-2019, 07:54 PM
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Thank you all for your perspectives. I even appreciate the ones that make assumptions about my financial situation and mathematical abilities.

Sure, A+ credit can net Sub 3% interest rates on a 60 month note. Pretty sure for every 12 month extension the rate will go up a quarter point. Sooo....

$50,000 purchase price
60 months @ 2.99% = $898/mo
72 months @3.24% = $765/mo
84 months @3.49% = $672/mo

Still seems like a high note for an average Joe in a Jeep or any other $50k+ vehicle.

Additionally, in regards to leasing... FCA residuals are not typically that great, for that matter, neither is the money factor? Only time can tell if it is as strong as the wrangler resale ability. A Jeep cannot be that much cheaper to lease than a purchase?
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Old 09-12-2019, 08:30 PM   #25
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Very cool.
I’m sure you also have a great wardrobe that you got cheap at local thrift shops and the Goodwill.
BYOB instead of full service when(if)you go out to eat.
Cheap thin tp instead of ultra quilted Charmin.


It’s all good and to each his own 👍
Actually I do get my clothes from thrift shops.

Don't worry though, I save enough to afford the best of tp. Not sure how we ended up there, but since you asked...
The better the neighborhood, the better the thrift store and yard sales. Plus, Angel Soft is strong enough for a man and gentle on a woman. I know, wrong commercial.
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Old 09-12-2019, 08:37 PM   #26
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Quote:
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I've realized I'm done trying to beat the Jones'. Because I've realized over the years, they're flat broke!

It is ridiculous. And that's not even factoring in weld and mount issues (none the less the (imho) ugly look of the Gladiator). I'd never spend 50k on any truck, but certainly not that thing. I used to always convince myself I needed something new, but it doesn't make you happy, you're often too scared to scratch the damn thing or mod it, and you're stressed with payments every month. I mean, I could afford a 50k car, but god forbid I want to travel or buy something nice, I'm maxing my budget or exceeding it, easy!

But I see it all the time. People we know driving 50k+ vehicles. One lady my wife works with, she has a Denali. They're in over 65k in cc debt, and are constantly fighting and stressed... but they had to buy a new Denali. I don't get it. She told my wife in passing they'd be embarrassed to drive something lesser in Scottsdale. I refuse to buy a car for someone else's approval, haha.

With my JK, my goal was to get out of all that. I found one with low miles (it's an 09, but only has 64k miles on it), lowered my monthly loan payment by over 200 bucks, my registration when from nearly 700 a year to around 100-150 if memory serves me right, heck even insurance is cheaper by 200 plus every six months.

The irony? People see my Jeep and think it's brand new and assume I paid out my ass for it. Never got compliments like that on my Tacoma, which was an overpriced vehicle by a landslide if I have to admit.

We saved some money, put that down to compensate for negative equity, and I'm so much happier. Can't wait for my first loan payment, I'll never be so happy to part with my hard earned money just so I can see how little I'll pay.

Got an extended warranty thrown in for free from my dealer, and going to ride this thing for as long as she'll let me. It's a timeless vehicle, and I regret every day the moment I sold my last Jeep, and won't be letting go of this for nothing. Once it's paid off, it's nearly free living after that. Can't wait.
Very cool.
I’m sure you also have a great wardrobe that you got cheap at local thrift shops and the Goodwill.
BYOB instead of full service when(if)you go out to eat.
Cheap thin tp instead of ultra quilted Charmin.
It’s all good and to each his own 👍
wow I guess someone's sh!t don't stink huh???? What's wrong with thrift shops? I personally like John Wayne toilet paper its rough tough and don't sh!t off of anyone.
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Old 09-12-2019, 08:40 PM   #27
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Very cool.
I’m sure you also have a great wardrobe that you got cheap at local thrift shops and the Goodwill.
BYOB instead of full service when(if)you go out to eat.
Cheap thin tp instead of ultra quilted Charmin.


It’s all good and to each his own 👍
Actually I do get my clothes from thrift shops.

Don't worry though, I save enough to afford the best of tp. Not sure how we ended up there, but since you asked...
The better the neighborhood, the better the thrift store and yard sales. Plus, Angel Soft is strong enough for a man and gentle on a woman. I know, wrong commercial.
good 1
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Old 09-16-2019, 09:26 AM   #28
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Charmin is all hype, Scott is where its at.
Scott is the "Chuck Norris" of TP.

Rough. Tough. Doesn't take crap off nobody.
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Old 09-16-2019, 09:43 AM   #29
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The price of New JL/JT/ETC

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Scott is the "Chuck Norris" of TP.

Rough. Tough. Doesn't take crap off nobody.
Any man that needs Charmin Ultra to get the job done just plain has poor skills and training.

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