Bought my diesel Rubicon last night and sales rep confided that morale is shyte..lol.

[SSingh1975]

Jeep currently has high money factor for leases and they work with crap banks which results in high APR. I was lucky enough to finance it thru my own bank and after trading my Ranger, used my own bank for the reminder of the loan. Jeep currently does 6.5% APR for Tier 1 credit in my area!! Ford dealer wanted my truck as well and said they could do 1.7% APR if I wanted to put the deposit towards new Ranger. Even Toyota has both better money factor for leases and APR for next gen Tacoma.

I leased my BMW IX in Nov last year with a really low money factor and residual ($799/month with $4k down). Jeep is REALLY REALLY overpriced and they are simply milking their customers. I worked with a veteren salesman and upon closing, he said the whole store was unmotivated..not just for Jeep but Dodge as well. They can barely sell any Dodge vehicles due to virtually zero incentives. APR and money factor is so high people are buying other brands. When I was there last night signing paperwork, I was, literally the 2nd customer and the whole store was empty and salesmen sitting in their booth starring at their phones! I've been in Ford/Toyota dealers test driving new gen last week and they are full..even on a week night.

I'm glad Stellantis dropped the '23 prices otherwise I would NEVER pay $50k+ for a diesel Gladiator. It's still a mid size truck and there are tons of better offerings out there with better reliability/resale value. I've owned a BMW diesel in the past and had very good luck with it but I don't expect the same with the Jeep (even though I TOTALLY love my new truck!). Time will tell.

But I'm surprised that Jeep, as a company, is too thick-headed to be competitive in the truck segment and simply expect that their customer base will continue to buy their vehicles with high money factor and crap APR (and a high marked up sticker price!). Toyota is going in with all guns blazing this year (new Land Cruiser, redesigned 4Runner, Tacoma, etc) while also accommodating their customers with better money factor and APR. Ford is also going the same route.

I just hope that at some point, Stellantis group wakes up and decides to see the market from a consumer perspective instead of being greedy like Apple is currently.

ok..Rant out and puts on flac jacket!

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[Chunky White]

In my opinion Jeep isn't trying to compete with the other mid sized trucks.

 

[ShadowsPapa]

Jeep currently has high money factor for leases and they work with crap banks which results in high APR. I was lucky enough to finance it thru my own bank and after trading my Ranger, used my own bank for the reminder of the loan. Jeep currently does 6.5% APR for Tier 1 credit in my area!! Ford dealer wanted my truck as well and said they could do 1.7% APR if I wanted to put the deposit towards new Ranger. Even Toyota has both better money factor for leases and APR for next gen Tacoma.

I leased my BMW IX in Nov last year with a really low money factor and residual ($799/month with $4k down). Jeep is REALLY REALLY overpriced and they are simply milking their customers. I worked with a veteren salesman and upon closing, he said the whole store was unmotivated..not just for Jeep but Dodge as well. They can barely sell any Dodge vehicles due to virtually zero incentives

APR and money factor is so high people are buying other brands. When I was there last night signing paperwork, I was, literally the 2nd customer and the whole store was empty and salesmen sitting in their booth starring at their phones! I've been in Ford/Toyota dealers test driving new gen last week and they are full..even on a week night.

I'm glad Stellantis dropped the '23 prices otherwise I would NEVER pay $50k+ for a diesel Gladiator. It's still a mid size truck and there are tons of better offerings out there with better reliability/resale value. I've owned a BMW diesel in the past and had very good luck with it but I don't expect the same with the Jeep (even though I TOTALLY love my new truck!). Time will tell.

But I'm surprised that Jeep, as a company, is too thick-headed to be competitive in the truck segment and simply expect that their customer base will continue to buy their vehicles with high money factor and crap APR (and a high marked up sticker price!). Toyota is going in with all guns blazing this year (new Land Cruiser, redesigned 4Runner, Tacoma, etc) while also accommodating their customers with better money factor and APR. Ford is also going the same route.

I just hope that at some point, Stellantis group wakes up and decides to see the market from a consumer perspective instead of being greedy like Apple is currently.

ok..Rant out and puts on flac jacket!

You talk leases then talk purchases - which is it?

Around here, Jeep has nothing at all to do with PURCHASE loan rates. You go through who you want to go through. Dealers have their list but you aren't restricted to that in any way. Jeep has nothing to do with purchase money.

So you must be talking leasing and not buying?

urrently does 6.5% APR for Tier 1 credit in my area!!

Jeep has nothing to do with that - as far as LOANS.

They can barely sell any Dodge vehicles due to virtually zero incentives. APR and money factor is so high people are buying other brands.

Loan rates will be the same for other brands. Loans are loans and based on the model year and price of the vehicle, not the brand of the vehicle.

Again, are you talking LEASE or purchase?
Jeep has zip to do with purchase loan rates, or "APR" as you say. That's the banks you choose to go with or that a dealer lists - and you can choose ANY bank you wish.

 

[ShadowsPapa]

In my opinion Jeep isn't trying to compete with the other mid sized trucks.

Very true.

And I also can't figure if he's talking LEASE - which he starts out mentioning, then later talks APR and buying/purchasing, which is different.
Jeep doesn't control loan rates..
And if the other guy is offering a lower rate, that's through their own financing arm as an incentive.

I can get a loan at 6.17% for a new Gladiator Mojave if I so desire - it sucks, but that's what loan rates are now, NO MATTER the brand - unless you finance through the auto-makers finance arm. GM has theirs, Ford has theirs, Chrysler has Chrysler Capital and so on. If Ford is offering a very low rate, that's their finance arm doing that.
Jeep isn't the one controlling interest rates, but there are also no incentives right now on 2024 Gladiators.
If the others are offering incentives, must mean they need to get them moving?

 

[BlackRuby23]

The deals are coming. Stellantis has a huge inventory problem. There's simply no way they can ignore it and continue to let it build. I notice now they are offering 10% off on a lot of Ram truck models.

This is how it starts. We just went through the most massive auto price inflation in history. It has turned on a dime and the market is not what it was. Suddenly, after idiots paying sometimes tens of thousands over msrp - and the banks lending up to 175% loan to value (absurdly reckless) - incentives have come roaring back.

Had I not needed a vehicle and seen the massive discounts on the Gladiators, I'd have waited another year to buy. By next winter, things could be in a bloodbath.

 

[ShadowsPapa]

I notice now they are offering 10% off on a lot of Ram truck models.

Been doing that for a while now, going on a month. I noticed it when checking out Jeeps locally. I wondered - why not Gladiator? But then they are a totally different market segment, apples and grapefruit.

Not sure there's an inventory problem any more - 23s around here are gone, 24s are trickling in and dealers here are trying to get them on their lots.
inventory problems must be very regional.
With the massive changes to the 24s and the fact that you are actually getting more "stuff" for a bit less money than the prices were a year ago, not really sure if I'd hold out for a better deal unless a person is in absolutely no hurry at all and already has a JT in hand.
Even the price cuts they supposedly announced would apply to JT was only 1700 - that's a pittance.

 

[Mr._Bill]

I had intended to keep my Overland for a long time. But, at 4.5 years and 57k miles, the model was discontinued and I was looking at my last chance to get one. I got a decent discount on a 2023 High Altitude, and ended back where I started when I bought the first one. The initial offer was 13.7%, but I had a written offer from the Credit Union for 6.99%. It was one of the banks they use, so they financed it through them at that rate. That's the only way I was able to swing it.

 

[Jefe1018]

I read the first like 2 and half paragraphs and refuse to read anymore. You’re buying a truck to drive it and a jeep to wheel it. If you want to resell it as a luxury car, go buy something else.

 

[916WI]

LOL--You lost me at leasing something as goofy as a BMW IX for $800/mo
If you're cross shopping a diesel gladiator with a ranger and clearly focusing on the financials, you may have bought the wrong truck. I paid $64k for my JTRD a couple of months ago--I've owned trucks from Toyota, Nissan, Ford and Chevy--none of them had the presence or the fun factor of the Jeep. The thing is unique in every way--I would buy it again in a heartbeat. Picked mine up from a smaller dealership in Northern WI--no financing-just trade plus cash, so I can't speak to your numbers, but I didn't get the kind of vibe you experienced at all. Maybe it's CA--half of my family live in the central coast area. They all want out

 

[nanook12]

I got a good deal on a 2023 JTRD. Bought it in Dec and picked it up in January. The JTRD was somewhere between 16 - 18K below MSRP. The dealer told me he wasn’t making any money on the deal…I paid cash and drove it away… The Rubicon diesel had most of the mods I wanted.

 

[Minty JL]

Yeah Volvo is dealing too.

Last month we picked up a new '23 XC90 for almost 20k under sticker. Great experience and offers.

Since the deal was prime for picking, we added the 10yr/100 warranty and 100k maintance package.

 

[johnchabin]

I have a gasser, but I think the diesel rubicon is the best version of this Jeep/truck.

 

[Koolcarguy]

Jeep currently has high money factor for leases and they work with crap banks which results in high APR. I was lucky enough to finance it thru my own bank and after trading my Ranger, used my own bank for the reminder of the loan. Jeep currently does 6.5% APR for Tier 1 credit in my area!! Ford dealer wanted my truck as well and said they could do 1.7% APR if I wanted to put the deposit towards new Ranger. Even Toyota has both better money factor for leases and APR for next gen Tacoma.

I leased my BMW IX in Nov last year with a really low money factor and residual ($799/month with $4k down). Jeep is REALLY REALLY overpriced and they are simply milking their customers. I worked with a veteren salesman and upon closing, he said the whole store was unmotivated..not just for Jeep but Dodge as well. They can barely sell any Dodge vehicles due to virtually zero incentives. APR and money factor is so high people are buying other brands. When I was there last night signing paperwork, I was, literally the 2nd customer and the whole store was empty and salesmen sitting in their booth starring at their phones! I've been in Ford/Toyota dealers test driving new gen last week and they are full..even on a week night.

I'm glad Stellantis dropped the '23 prices otherwise I would NEVER pay $50k+ for a diesel Gladiator. It's still a mid size truck and there are tons of better offerings out there with better reliability/resale value. I've owned a BMW diesel in the past and had very good luck with it but I don't expect the same with the Jeep (even though I TOTALLY love my new truck!). Time will tell.

But I'm surprised that Jeep, as a company, is too thick-headed to be competitive in the truck segment and simply expect that their customer base will continue to buy their vehicles with high money factor and crap APR (and a high marked up sticker price!). Toyota is going in with all guns blazing this year (new Land Cruiser, redesigned 4Runner, Tacoma, etc) while also accommodating their customers with better money factor and APR. Ford is also going the same route.

I just hope that at some point, Stellantis group wakes up and decides to see the market from a consumer perspective instead of being greedy like Apple is currently.

ok..Rant out and puts on flac jacket!

My dealerships in my area are having no inventory issue's there selling good no issue's must be in different area's the market as a whole is actually fairly decent at the moment it will slide a bit but should steady. In my personal opinion your not getting off on a good start as a new Jeep owner with a rant about how bad Jeep is....Maybe the Bmw was a better choice for you.....

 

[Rdkng07]

Bought my first Jeep in 1986, a CJ7. Back then there was nothing to compare it to, and the same is still true today. Even if Ford made a Bronco truck it wouldn't be a straight comparison, but it would be a hell of a lot closer than a Taco or Ranger.

You would never pay 50K for a diesel Rubi, and I would never piss away 800 a month and 4K up front for a BMW of any flavor. Jeeps are overpriced now and so is everything else. Personally I don't borrow money, but I understand it would be an expensive proposition today.

"It's still a mid size truck and there are tons of better offerings out there with better reliability/resale value."

Yet you bought a Jeep regardless, why? I mean, if it doesn't make financial sense to you? Could it be because no other mid sized truck can do what a Gladiator does, and so it makes no sense to compare them based on financials alone? Also, I'd argue the reliability/resale value comment if I cared enough to do so. Jeep has never operated like other OEMs that I know of, it's a different business model for a different customer. The confusion started with the mall crowd and lease babies.

Oh, and dealer lots in the Detroit metro area are stacked no matter which OEM. GM and Ford dealers have trucks in lines a mile long, and Toyota has way more than I've ever seen before. The veteren salesman "grifter" you worked with would have told you this if he wasn't so busy trying to gain your pity.

Dealers nation wide are hurting yet the Ford / Toyota dealers in CA are killing it? I guess ther're unwilling to share the secret sauce with everyone else. That's not nice, I would of at least expected a reach around from that lot.

 

[SargeDiesel]

In my opinion Jeep isn't trying to compete with the other mid sized trucks.

You are right, hell my refrigerator has more to "compete" with my JT , than another auto brand.

I GLADLY paid $50k+ for my JTRD... ?

No offense to the OP, saying this in general, but getting really tired of reading the threads of "I just bought a jeep and then a multiple paragraph rant about how they hate it"

Oh well...

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