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Old 05-24-2019, 09:26 AM
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Depreciation on the JL

Fox News Website has a piece on the 5 year estimated depreciation of new vehicles. Some of the data by Ramsey Solutions was quoted. Here are the 7 listed (I rounded the "cash price" to the neared $100).

1. BMW X5 Cash Price $70,600 Depreciation 56.2%
2. Hyundai Sante FE CP $33,400 Depreciation 52.3%
3. Lexus RX350 CP $51,700 Depreciaton 50.4%
4. Subaru Forrester CP $27,700 Depreciation 47.2%
5. Toyota Camry CP $24,700 Depreciation 45.6%
6. Ford F150 CP $30,900 Depreciation 41.4%
7. Jeep Wrangler CP $37,500 Depreciation 31.2%

https://www.foxbusiness.com/personal...ars-depreciate

The 5 year depreciation of a Jeep Wrangler should not come as a surprise to those who have ever looked at the used Jeep Wrangler prices. If anything, the Cash Price seems low for most of the vehicles, but it may be the out the door price before TTL of the base model, which in the case of the Wranger would be a Sport 2DR with no significant options.

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Old 05-25-2019, 06:45 AM   #2
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Not sure I can believe those percentage drops. 6 months ago I was going to trade in my JL Sport S for a fully loaded Sahara and at the time I only had 5000 miles and the best I could get on trade in for my jeep was 28,000. Original price I paid was 39,000. So after just 6 months it depreciated 30% so I highly doubt it that after 5 years it will remain the same

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Old 05-25-2019, 08:34 AM   #3
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I'm not sure which numbers the article is using. Trading at a dealership, your price will vary. I recently traded a vehicle and was offered 40% to 65% between 2 different dealers since they are in the market to low ball offers and make as much profit as possible. I would assume (right or wrong) the values in the article are related to market values similar to what your insurance company would show if the vehicle was totaled.
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Old 05-25-2019, 12:50 PM   #4
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I bought my JL about 10 months ago and went to trade it in last week. Paid 33k. Was offered 31K from Toyota, 30K from Jeep and 29K from carmax. I did get a killer deal but compared to my Chevys its damn good.
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Old 05-25-2019, 02:34 PM   #5
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Fox News apparently hasn't looked at the prices of used Jeep Wranglers in my area of the country. So, I call BS. Used prices are the main reason I bought a new one.
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Old 05-25-2019, 06:08 PM   #6
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Quote:
Originally Posted by jeep m3reno View Post
Not sure I can believe those percentage drops. 6 months ago I was going to trade in my JL Sport S for a fully loaded Sahara and at the time I only had 5000 miles and the best I could get on trade in for my jeep was 28,000. Original price I paid was 39,000. So after just 6 months it depreciated 30% so I highly doubt it that after 5 years it will remain the same
My recent trade was much better than that. I paid 45K for a ‘17 Rubicon and got 37K on trade in toward a new JL. Maybe it’s area dependent or your dealer wasn’t motivated.
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Old 06-20-2019, 03:27 PM   #7
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things that dont count!

you don't ever get back taxes,
you don't ever get back dealer fees,
you don't get back registration/title fees,
you don't get back interest fee's.
If you feel you paid 50k, you really have to go back and look at the ACTUAL vehicle cost, this is the number before fee's, taxes etc.
Mine was $38,529 out the door, there was no dealer fee's, the tax was $500 and the title work was $189. So I paid $37,840.
Carvana's offer on my vehicle, online based on the info I supplied, 1200 miles, no defects etc was $37.585.00, I'm feeling they are fools.
Has an 06 Wrangler X, drove it 600 miles, it sat without use so I sold it 7 months later to Carmax (best offer I could get) for $17,500.
That same vehicle is selling for $16,500 now 13 years later with 100k miles.
I'm a car guy, I rarely will buy a new car due to the massive depreciation, BUT, history shows that a Jeep will alway bring more money that almost any car on the road.
A few things that may not count for the majority; I don't finance, if I dont have the cash then I can't afford it, probably why there is now Lambo in my stall.
I do not pay dealer fee's, should they wish to earn my business they wil discount the price by the amount of the fee's, if that makes them happy.
I don't pay retail, on rare occasion I will pay invoice, but normally I pay fleet invoice pricing less holdback.
Been in this game my whole life, I have learned that there are lots of cash strapped dealers who are ready to make a deal, if you paid all those fee's and feel that is what you paid, you are really confused how it really works.
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Old 06-20-2019, 06:03 PM   #8
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Quote:
Originally Posted by FATMAN29708 View Post
you don't ever get back taxes,
you don't ever get back dealer fees,
you don't get back registration/title fees,
you don't get back interest fee's.
If you feel you paid 50k, you really have to go back and look at the ACTUAL vehicle cost, this is the number before fee's, taxes etc.
Mine was $38,529 out the door, there was no dealer fee's, the tax was $500 and the title work was $189. So I paid $37,840.
Carvana's offer on my vehicle, online based on the info I supplied, 1200 miles, no defects etc was $37.585.00, I'm feeling they are fools.
Has an 06 Wrangler X, drove it 600 miles, it sat without use so I sold it 7 months later to Carmax (best offer I could get) for $17,500.
That same vehicle is selling for $16,500 now 13 years later with 100k miles.
I'm a car guy, I rarely will buy a new car due to the massive depreciation, BUT, history shows that a Jeep will alway bring more money that almost any car on the road.
A few things that may not count for the majority; I don't finance, if I dont have the cash then I can't afford it, probably why there is now Lambo in my stall.
I do not pay dealer fee's, should they wish to earn my business they wil discount the price by the amount of the fee's, if that makes them happy.
I don't pay retail, on rare occasion I will pay invoice, but normally I pay fleet invoice pricing less holdback.
Been in this game my whole life, I have learned that there are lots of cash strapped dealers who are ready to make a deal, if you paid all those fee's and feel that is what you paid, you are really confused how it really works.
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Old 06-20-2019, 06:10 PM   #9
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Old 06-20-2019, 07:34 PM   #10
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I just traded my '15 2dr Sahara I purchased in 14 for 34K and got 24K on trade I thought that was pretty darn good for a vehicle I owned for 5 years granted. the mileage was very low but that's 30% depreciation
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Old 06-20-2019, 07:57 PM   #11
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I just traded my '15 2dr Sahara I purchased in 14 for 34K and got 24K on trade I thought that was pretty darn good for a vehicle I owned for 5 years granted. the mileage was very low but that's 30% depreciation
That's very good, actually. You were at $166 per month in depreciation. Nice work! I usually try to be right around $150-$200 in total depreciation month-over-month, from the moment I buy my Wranglers, to the moment I sell them, not including tax. I also do not finance my Wranglers (pay cash), so that I can keep my monthly depreciation cost at that $150-$200 per month range. I'm comfortable driving a $50k Rubicon for only $150 per month :-)
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Old 06-21-2019, 12:59 PM
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For those who trade in a vehicle within the first year of ownership, no matter what the reason, you are going to take a bath.

A one year old vehicle is always going to be a drag on the used car market. Why would I pay $40,000 for a one year old vehicle when I can get a brand new one with 18 miles on the odometer for $42,000. That was an actual decision I had when I bought my 2015 Sahara. They had a 2014 Sahara with 8,000 miles on it sitting next to the 2015 I actually bought.

Note that the Fox news article was for 5 year old vehicles, not 1 year old ones. In a strange quirk of fate, that 2015 Sahara is back on my dealers lot. It had just under 20K miles when I traded it in on the Chief (without the Chief I would still be driving it). They had it on their lot at the time for $35K (I got $32K TI) and they sold it several months later. Now it's back and has 27K miles on it and they are asking $33K for it.

I was looking on the site for a used JL to look at the tail lights in another thread. I saw that Anvil Sahara and thought it looked like my old one, checked the VIN and yep, it was. But, I think the JL prices have been good for JKs on the used market.

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