$3.250 jeep gladiator discount now until September 9th, after that i would expect 10 or 15% off msrp, since sales are down?

[Jefe1018]

Yes it is crazy. But how many are actually spending $70K on a loaded JTMX or JTRX? Between the custom orders for under invoice and the big cuts to move inventory if you look you can find the deal.

There's a bunch of Mojave X's I've seen relatively local with a list of $68K but are (with incentives) being sold for $55K. Base MSRP on the Mojave (not X) is $53K and the X is a $10K upgrade/option.

Well my MSRP was like $58,504 but my OTD price was $52,XXX. That’s still a big increase in MSRP.

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[BourbonRunner]

Well my MSRP was like $58,504 but my OTD price was $52,XXX. That’s still a big increase in MSRP.

So... in 2021 dollars, that 52K is now just over $60K.

 

[biodiesel]

Get the cash and refinance with credit union a month later and pay off the original
Loan!

This reminds me of something I did a few years ago. We paid off our 2015 and 2020 Ram trucks, then when interest rates got low and values went high, we borrowed against them at 2.6% so we could develop one of our properties. Our property is now worth $135,000 more than we paid for it.

It's crazy what you can do when you move money around and play the game. I've heard investors say, "Anything below 3% is free money." I didn't fully see the practical application at the time, but I sure do now.

 

[Jefe1018]

So... in 2021 dollars, that 52K is now just over $60K.

Can you talk to my boss about adjusting that

Keep in mind the $52k I mentioned, was OTD.

 

[BourbonRunner]

Can you talk to my boss about adjusting that

Keep in mind the $52k I mentioned, was OTD.

Wow- that's phenomenal. What time of year was it?

 

[Jefe1018]

Wow- that's phenomenal. What time of year was it?

Ordered in August and delivery in October.

It was like 15% off MSRP and like $2,200 down I think?

I just recall the loan being $52,XXX.

What I’m getting is that, my salary hasn’t gone up near as fast as the cost of goods. Then again, I don’t think anyone’s has.

 

[BourbonRunner]

Ordered in August and delivery in October.

It was like 15% off MSRP and like $2,200 down I think?

I just recall the loan being $52,XXX.

What I’m getting is that, my salary hasn’t gone up near as fast as the cost of goods. Then again, I don’t think anyone’s has.

Copy that. Good job!

Far as the salary thing- you're correct.

That's the biggest issue right now that folks can't seem to grasp- inflation has skewed everything.

When the rate of inflation outpaces the rate of salary increase, you're making far less and your buying power is substantially lower. For example, if I earned $100K in 2020, I'd need to earn $121K right now to match the buying power. But if I still only earn $100K this year, it's the equivalent of $82K in 2020 dollars.

 

[Jefe1018]

Wow- that's phenomenal. What time of year was it?

Looks like I misspoke, it was $51,420 before taxes and fees just about $52,000 + 8.25% for sales tax and - $2,200 down. So my truck was $54,090 out the door.. or 8% under MSRP OTD.

Even if you get that deal today, you’re still over $60k for a midsize truck, which is insane. Pair that with an 8% interest rate on average… and that’s part of the reason these are going stale on lots.

 

[BourbonRunner]

Even if you get that deal today, you’re still over $60k for a midsize truck, which is insane. Pair that with an 8% interest rate on average… and that’s part of the reason these are going stale on lots.

Yep.

The JTMX I'm looking at right now is on the lot just under $55K with all incentives. With the $1895 freight charge, tax, tags that comes out to a hair over $60k. And then when you amortize the loan for 6 years with a 6.9% rate, you're at a total cost of acquisition of $72,735.

By comparison, my first car in 1996 cost me $1470. The payment on the above would be about $831. Woof.


Edit: I realize now that earlier I was questioning $70k on a truck. After amortizing the value of the vehicle, yikes. In my scenario above I'd be putting $10K down, trading a car for $3K and paying all the taxes out of pocket to get it to $831.

Almost $73K total-- stock!

 

[BlueCT]

We paid $52,000 for our Rubicon EcoDiesel, which was a good deal if you're looking at the discounted price. However, $52,000 is still a lot of money for a midsized truck.

"Rich" is a difficult word to define. Compared to the world, anyone who can buy a NEW Jeep Gladiator would be considered "rich". Here in the U.S., the definition redefines itself. I would guess that most Gladiator owners in the U.S. are far from rich, but most have enough money to afford payments on a lifestyle vehicle. If I were on a budget and needed a midsized truck, I'd be looking for something much cheaper.

I consider myself rich because I have more than I need and people I am happy to share the extra with.

 

[biodiesel]

I consider myself rich because I have more than I need and people I am happy to share the extra with.

I hear ya. I feel rich when I see people my age dropping like flies due to cancer.

 

[FloridaAussie]

This reminds me of something I did a few years ago. We paid off our 2015 and 2020 Ram trucks, then when interest rates got low and values went high, we borrowed against them at 2.6% so we could develop one of our properties. Our property is now worth $135,000 more than we paid for it.

It's crazy what you can do when you move money around and play the game. I've heard investors say, "Anything below 3% is free money." I didn't fully see the practical application at the time, but I sure do now.

Totally on moving money around. I've been doing stuff with velocity banking lately and paid off a rental. Money is a fascinating thing.

 

[Spuddy]

I would ask for a 15% discount, cash back and special financing. You don't get what you don't ask for. You gotta start somewhere but be prepared to walk. There is always someone willing to make the deal you want.... presuming it is somewhat realistic.

 

[Mr Miami]

Get the cash and refinance with credit union a month later and pay off the original
Loan!

@BennieD is absolutely correct. Take the cash then refinance. I did it several times in the past when the either/or offer was very common. Just check with your credit union to see what they consider a new car (maybe 3 months or something). Otherwise, if you wait too long, they may consider it a used car and you will pay a higher interest rate.

Take the money and run.

 

[biodiesel]

Totally on moving money around. I've been doing stuff with velocity banking lately and paid off a rental. Money is a fascinating thing.

I'm slow to learn, but I'm learning. I've heard of using Whole Life Insurance to become your own bank, but I suppose velocity banking would have similar characteristics.

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