Someone talk me out of trading in..

[Dougstdig]

You know how yours has been treated.

You KNOW a dealer has profit stacked somewhere in his deal.

The rates…not gunna go there.

I say stick with what you have. Do what we do and mod it .

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[Klicht87]

I've been in this position a few times recently -- newcaritis as another poster mentioned. There's no way I can justify a purchase with these interest rates and even the still high costs of vehicles. I know you said there's a decent discount on the Rubicon you're looking at but what's the catch?

 

[NewGladdyOWNR]

How many miles are on your Overland? I believe the Rubicon will hold value better, and give you capabilities you may need or want in the future. I would also try to squeeze the dealer a little more so you don't have another full year of payments. I'd even rather increase my payment a bit and keep the term of the loan down. That is, unless you anticipate raises better than inflation in the future.

Overland has 29k miles on it the rubi has 10k miles on it. I work for the Feds so we always get an annual raise lol. But yea there is no wiggle room with rates atm. I can’t justify giving banks another 5k in interest so I’m going to be smart and hold off.

 

[Sigz]

I would pass.

You've had yours since the beginning. You have the maintenance history, the driving history, the wear/tear knowledge, etc.

That and the fact that you have a great rate compared to what they are offering now - it wouldn't make sense to me - even with the extra features the Rubicon would have.

 

[NewGladdyOWNR]

I've been in this position a few times recently -- newcaritis as another poster mentioned. There's no way I can justify a purchase with these interest rates and even the still high costs of vehicles. I know you said there's a decent discount on the Rubicon you're looking at but what's the catch?

Of course the dealer is benefiting to some degree otherwise they wouldn’t have a business. I wouldn’t say I have newcaritis, I still LOVE my truck. Just saw a cheap(ish) rubicon and wondered if I should jump on it. But I did the math and the little interest I owe on my current loan would essentially triple with this new loan. ?

 

[Sigz]

Debt is not evil, it's a tool. And like any tool it's capable of being misused. You can murder someone with a hammer, that doesn't make hammers evil.

Debt should be considered evil since most people don't understand how to use it as a tool for their financial productivity.

 

[NewGladdyOWNR]

I would pass.

You've had yours since the beginning. You have the maintenance history, the driving history, the wear/tear knowledge, etc.

That and the fact that you have a great rate compared to what they are offering now - it wouldn't make sense to me - even with the extra features the Rubicon would have.

it has a car fax with maintenance history etc..only has 10k miles, 1 owner. I would be a masochist to jump into a higher rate though. I am not a glutton for punishment. I wish I was bc the rubicon is purdy.

 

[Sigz]

it has a car fax with maintenance history etc..only has 10k miles, 1 owner. I would be a masochist to jump into a higher rate though. I am not a glutton for punishment. I wish I was bc the rubicon is purdy.

I understand that. But a carfax won't tell you how the JT was driven on a daily basis. Was it abused hauling/towing over payload and towing capacity? Did the owner live in a hoity toity neighborhood racing over speed bumps on a daily basis? Etc.

 

[BigG]

I have a fully loaded rubicon, if I could do it all over again I would get a sport and put tons on it first thing. With all the mods I’ve done I’d have a much better truck for the same money.

 

[High Alextude]

Interest rates aside, because you can always refinance down the road - the 36k car loan is what gets me. Reduce the amount you need to borrow before you go shopping. Make the largest monthly payment you can on your current loan and pay down the principle so you owe less interest. Just because a slimy dealer says he can get you a lower monthly payment, doesn’t make it a better deal at all - that is ALWAYS a selling tactic they use.

I didn’t mean to sound like a dick in my first post, I just hate dealers taking advantage of people.

 

[Dickies Outdoor's]

Rates will come down eventually and you will have it for a while I'm sure. Just refinace at a new lower rate and you'll be good, with an even lower payment.

 

[whiteglad]

I really wanted a Mojave after seeing all the special things about it, so I traded in my maxtow Sport S. I also liked the red color after years of white vehicles. Probably wasn't the most cost effective thing to do, but I do admit to having the new Jeep disease.

 

[MikeD93]

So I’ll preface this by saying I wasn’t looking to trade in, but I found a used 2021 Jeep Gladiator Rubicon with 10k miles on it...in what appears to be pristine condition. MSRP is $46k..So I bit and did the usual dealer quote via online and the next day received a phone call. They’re offering me $36,540 for my current Jeep Overland, I owe $28K but somehow they’re going to knock off a couple thousand off MSRP for me to put $10k down. Here is where I’m torn; Interest rates..the best I can get at the moment is 6.99% with the way the market is however, my current rate is 3.75%. Keep in mind, they worked it out to where my payments would be $20 less monthly than I’m paying now(big whoop), with only 1 additional year added to my current loan. Would it be in my best interest to keep my current jeep and continue to accrue more positive equity before trading in? Or will 2021 MY’s depreciate heavily now there are new MY’s with new tech? Am I a fool for getting out of a 3.75% interest rate and into a 6.99% interest rate? I hate thought of giving the banks any more free money than they deserve, but is this deal too good to pass up? Help!

Well the rubicon will hold its value more later down the road if you plan on getting rid of it in the future. If you had a 0% loan I’d say you’re crazy but 3.75 but you’re only 3.25% higher. If you plan on really off roading it too you’ll be happy you went with the Rubi

 

[WILDHOBO]

I think the power swaybar is a disadvantage. Need a Tazer ( $350 ) to make it useful... 40mph on washboard roads is so much nicer disconnected. The auto reconnect I understand...safety. It's expensive. It breaks. If I had a Rubicon I'd remove it and still add Apex Autolynx.

I get your point, but have you driven with the power disconnect? Trust me, it’s amazing.

 

[MikeD93]

So I’ll preface this by saying I wasn’t looking to trade in, but I found a used 2021 Jeep Gladiator Rubicon with 10k miles on it...in what appears to be pristine condition. MSRP is $46k..So I bit and did the usual dealer quote via online and the next day received a phone call. They’re offering me $36,540 for my current Jeep Overland, I owe $28K but somehow they’re going to knock off a couple thousand off MSRP for me to put $10k down. Here is where I’m torn; Interest rates..the best I can get at the moment is 6.99% with the way the market is however, my current rate is 3.75%. Keep in mind, they worked it out to where my payments would be $20 less monthly than I’m paying now(big whoop), with only 1 additional year added to my current loan. Would it be in my best interest to keep my current jeep and continue to accrue more positive equity before trading in? Or will 2021 MY’s depreciate heavily now there are new MY’s with new tech? Am I a fool for getting out of a 3.75% interest rate and into a 6.99% interest rate? I hate thought of giving the banks any more free money than they deserve, but is this deal too good to pass up? Help!

Also if you really want to get it you could always get into the Rubi and once the bank offers lower rates get a bank loan to buy out the truck and pay the lower interest rate for what you have owning. Only problem with that is that it’s a gamble for when rates actually drop

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