rich
Member
Posts: 11
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Post by rich on Sept 29, 2005 20:03:08 GMT -5
Folks, I priced out a brand new unlimited today.
With all this dealer incentive crap 22k out the door.
The dealer did say that with all this incentive BS, its killing the trade in values on the Jeeps. Not a good thing folks.
Rich
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Mars
Trail Guide
Sit vis nobiscum
Posts: 169
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Post by Mars on Sept 29, 2005 20:12:40 GMT -5
Yeah, this is going to affect all domestic brands across the board. Of course, the TJ is among the best models to keep value and I don't think (or hope) that'll change.
Could be worse, at least they're not affected by fleet sales.
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Post by n3cr0shark on Sept 29, 2005 21:26:28 GMT -5
Hmmm, I got mine fully loaded (non-Rubi) for 22k before the incentive stuff hit. So to me, the current deals aren't much better then what you could get before, if you just checked out the options (deals through where you work, rebates, etc...) Just my $0.02
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Post by nwquadriders on Sept 29, 2005 23:13:52 GMT -5
All the dealer incentives were brought upon by GM's super crappy sales year (more like decade). The other auto manufacturer's had to follow GM's lead and offer the same employee pricing...big deal...I paid a little less than $22k for mine when I bought it last October. Lesson #1...buying a car/truck is not an investment, so make sure that you're never upside down on the amount you owe compared to your vehicle's depreciated value. Lesson #2...never trade in your vehicle. You will always be able to make at least $1000 more (if not 2 or 3 grand more) by doing a private sale. When it sells, rent a car or ride the bus until you find the new vehicle that you want. Sure it's a bit more of a hassle, but you don't loose your arse on the deal. Too many people in the country are house poor, car poor, or toy poor, because the financial institutions are allowing anyone and everyone to borrow/finance well above their means. It drives me nuts to see people in so much debt... Geesh...this sounds like a lecture...I'll stop.  |
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tex
Trail Guide
In the doghouse as usual
Posts: 186
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Post by tex on Sept 29, 2005 23:25:00 GMT -5
The "employee pricing" scam screws all of the people who are usually able to negotiate a better deal. It really screws the employees also, because there are fewer rebates and financing options. I'll be glad when it is gone, but I think it will be here for a while.
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rich
Member
Posts: 11
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Post by rich on Sept 30, 2005 4:51:13 GMT -5
jUST SUCKS TO FIND OUT MY 2004 WITH 6800 MILES ON IT IS ONLY WORTH 15K. I BOUGHT IT FOR 21 RIGHT BEFORE THIS EMPLOYEE INCENTIVE CRAP CAME OUT.
SUCKS.
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rich
Member
Posts: 11
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Post by rich on Sept 30, 2005 5:30:45 GMT -5
ive decided to keep mine. it will be fixed in approx. 3 weeks totally. the truckers insurance is paying for it and i will have all new jeep parts. i just dont want to take a monetary hit of several thousand dollars just to get a brand new one. mine is practically brand new with only 6k on it. its just been a rough few weks between getting ripped off then my jeep getting backed into.
they are giving me a brand new softop as well . i was just shocked that my 2004 is only worth 15k. that totally sucks. im going to keep it until the wheels fall off.
i got switched out into a jeep liberty for my rental now. its a nice vehicle.
rich
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Post by nwquadriders on Sept 30, 2005 9:04:29 GMT -5
jUST SUCKS TO FIND OUT MY 2004 WITH 6800 MILES ON IT IS ONLY WORTH 15K. I BOUGHT IT FOR 21 RIGHT BEFORE THIS EMPLOYEE INCENTIVE CRAP CAME OUT. SUCKS. As a trade-in, that is probably true, but in a private party sale, you should be able to get at least 18 or 19 grand for it...lot's of folks looking for slightly used Unlimiteds to save a few bucks over the new car purchase price. Trade-in value is always a kick straight to the groin...but so many people take it due to the convenience factor. |
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Post by RubiRedLJ on Sept 30, 2005 10:25:28 GMT -5
[quote author=nwquadriders board=general thread=1128042188 post=1128089069 Trade-in value is always a kick straight to the groin...but so many people take it due to the convenience factor.[/quote] You're not kidding. My ole TJ was in good shape, had 88K, and a clear title, and was paid off. Needless to say, I should've sold to a private party. I certainly didn't get what I could've BUT, the convenience factor of driving a "good lookin" TJ with some problems to a dealer, and leaving with a "new" LJ that has a warranty and has the drivetrain needed to do what I like to do with it, was a NO Brainer. IMO of course.  ryan |
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Post by 04unlimited on Sept 30, 2005 10:35:18 GMT -5
This was my third brand new vehicle, and I learned (the hard way) after the first one that it is NOT an investment. I plan to drive my unlimited until the wheels fall off, or until it just doesn't make sense to get it fixed anymore...Then I will get another one (or whatever Jeep has at the time that is just as cool.)
Remember, your vehicle loses value the second you sign the deal. Put all that dealer cashback into lowering the price, and make sure you aren't upside down with the payments.
:Stepping down from my pedestal:
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Post by 04unlimited on Sept 30, 2005 10:37:30 GMT -5
I am glad to hear that everything is working out with the LJ. And for the love of pete, don't trade it in on that Sante Fe you've been driving around. |
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Post by vauxilicon05 on Sept 30, 2005 11:01:54 GMT -5
Yeah, having to do a trade in sucks. I've only traded in 2 cars. One was a Jeep...big loss, don't wanna talk about it! And the other was a Ford truck. Surprisingly the Ford was actually a great trade in. It was back in '02 and I was purchasing a Subaru WRX when they first came out, and they worked a great deal out for me. They ended up giving me something like 16k for the truck, which had a NADA value of like 16,500, and dropped the price of the WRX 3k. I was quite surprised, but that has probably been one of the best experiences I've had with purchasing a car. Once the Rubi is payed off, I may go look at Subaru's again, by far one of my favorite cars I've had. That being said, I'm not worried about the trade in value, etc. of my Jeep. For me, this Jeep is a keeper. Great DD for now, and once it's paid off, a great winter vehicle as well as a great TOY for me! Jeeps in general hold their value much better than other vehicles. No matter what car you buy, they will depreciate significantly in the first year. BUT, some cars continue to depreciate, and some flatten out and hold their value very well after that initial drop. Jeeps are one of those. That first big drop hurts of course, but thats how any new car is. But after that, Jeeps tend to hold that value, or close to it for several years. Jeeps have a lower "True Cost to Own" than even Toyota and Honda. Best advice I could give though, would be if you buy a new car, go into it knowing you are going to have to keep it for at least a couple years if you want to break even on it. I sold that WRX for more than I owed after 2 yrs. of driving it, and it had 52k miles on a 2 yr. old car....
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Post by salyers890 on Oct 1, 2005 17:05:27 GMT -5
all this talk amidst a spike in gas prices? once gas goes down, our rigs will be worth more money. now people are getting rid of their SUV's and going for more compact cars, - look across the board at civic depreciation, it's slowed severely since gas has started to go up. SUV's? jeep seems to be the last of the breed that hasn't been depreciating rapidly.
I think that's a factor
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Post by honaker on Oct 3, 2005 10:21:33 GMT -5
In Denver with a tax rate of 7+% you only pay taxes on the difference between the trade in value and the new vehicle purchase price. At 7% taxes on a $20,000 vehicle, no trade, $1400. Trade in a $15,000 vehilce and pay taxes on $5,000 or $350.00. Add in the cost of advertising in the paper (not cheap in Denver) plus the hassle factor and selling your old car privately may not be as attractive.
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