Someone talk me out of trading in..

[Chunky White]

Don't trade unless you really want to. LOL

I would just put a locker in the rear of the one you have and get some sway bar disconnects or get some Sway A Way sway bars and keep what you have. If you don't really need the 4:1 transfercase whats the point in the Rubicon? The lockers are known to have a sensor failure which suck also. I would rather have an Eaton E-Locker which I have had in a few F150's now with zero issue and they can be locked in 2, 4hi, or 4low unlike the lockers in the Rubicon.

I trade way too frequently so I am not much help but thats my opinion and if the JTO you have now has no mechanical issues I would save yourself some money and keep it or buy whatever upgrades you feel like you need or want

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[Sprinkler-Fitter]

An auto loan is pretty standard here in America. If you’re one of the 1% of the population that can afford to buy a car outright with cash, congratulations. Now let’s stay humble..

High altitude is like plenty of people behind a keyboard, they pay cash for everything and owe no money on credit cards.

 

[Orange01z28]

Do what you want to do!

I'm not going to trade in most likely, but i'm going to get rid of my JT and get a used JLR 2 door soon even though it makes zero financial sense and I won't be able to pull almost any parts off of it!

But i'm getting a no-cost DD from my dad so that's how i'm justifying it

 

[Vtur]

The LSD in an Overland is great on snow if you driving on them offen. You can add the Rubi swaybar and have it disconnect at any gear and any speed via a relay.

 

[thejeepster]

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!

If you're going to trade it in, I'd take a serious look at a 2023- If you're going to make the switch- why not use the dealers incentives of like 12k off a new rubicon glad and get 3 years of full warranty along with it.

 

[FLGladiator]

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

30% allowable interest on credit cards for youth and lower income is war.

 

[Phishs]

Trade it

 

[Jeeperjamie]

Just buy it, no need to talk you out of it. Go ahead and get it

 

[Guns_N_Rosaries]

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!

Do whatever you want man, but this mentality is why so many people are drowning in debt. You have a perfectly fine truck now, and are wanting to lose money trading it in for a truck that is basically the same, and then pay an extra YEAR of payments at a higher interest rate!

 

[Sandevino]

This should be two separate transactions and I'd take the $10k down payment off the table for now.

Sell them yours for $36k and set the proceeds aside for now.

Deal on the one you want and dangle $18k ($10k you bring and $8k from the sale of yours) in front of them.

Once there's no trade involved, you hold all the cards and can buy down the rate with a strong down payment.

Good luck and go for it but play the game smart.

 

[Hootbro]

This should be two separate transactions and I'd take the $10k down payment off the table for now.

Sell them yours for $36k and set the proceeds aside for now.

Deal on the one you want and dangle $18k ($10k you bring and $8k from the sale of yours) in front of them.

Once there's no trade involved, you hold all the cards and can buy down the rate with a strong down payment.

Good luck and go for it but play the game smart.

He loses the sales tax trade in credit if he splits it out as two separate transactions.

 

[Sandevino]

He loses the sales tax trade in credit if he splits it out as two separate transactions.

Which is what a few grand?

 

[Hootbro]

Which is what a few grand?

It is still something to be aware of when looking at which route to take a deal. You have to look at that delta to be sure it is even worth splitting it up.

 

[glovesf15]

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.

Good choice. I think that’s a wise decision.

 

[redriderjf87]

An auto loan is pretty standard here in America. If you’re one of the 1% of the population that can afford to buy a car outright with cash, congratulations. Now let’s stay humble..

It has nothing to do with humility, or "the 1%".
It has to do with complacency and instant gratification.

You don't have to have a perpetual car payment. Follow a budget and set aside some money, and you'll surprise yourself in a good way.

Borrower is slave to the lender.

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