Need some assistance on which year to buy

[zebest]

So, I have been looking at this forum for about a week now.

I have found a Jeep a like a lot, it is the Avil color Night Hawk.

https://www.covertchryslerdodgejeep...adiator-sport-4x4-crew-cab-1c6hjtag1rl129042/

The dealer already told me the price is 2k more, since I won't be financing or trading in a car.

In saying all of this and please don't flame me, I know cars are not an investment (but I have turned my last one into an investment) and the one before that I bought, drove for 3 years and sold for the same price I bought it for.

So my question is from the group, what model / year do you think will devalue the least? To me I think it is obvious I would be better off picking up a slightly used 2020 - 2023, or even a heavily discounted 2023 new. Seems the biggest discounts on the 2023's that are still out there are Rubicons or totally built out Jeeps.

I just wanted to get some opinion on which direction I should go for depreciation hit. Thank you

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[Mr._Bill]

A car is not an investment. They all lose value. Your best option, overall, is a 2023 model. Why give the dealer the $2k they would make from the finance company? Get the lowest price you can. If you have the money, make a couple payments and then pay off the loan.

 

[zebest]

They don’t all lose value and I know it isn’t an investment. I rented my Prius out on Turo and stopped renting it when it made more than the price I paid for the car. I won’t be doing this with the jeep. My Lambo I bought used for a good price drove it 3 years and sold it for the same as I bought it. So as you can see, I would like to take a very minimal hit on depreciation

 

[zebest]

A car is not an investment. They all lose value. Your best option, overall, is a 2023 model. Why give the dealer the $2k they would make from the finance company? Get the lowest price you can. If you have the money, make a couple payments and then pay off the loan.

It was 1k lower if I finance it. Another 1k if I do a trade in, so by financing it, I would save 1k

 

[NVjeff]

If you're looking at new '24's I'd look somewhere other than that dealership, unless that price is the best you can find.
I don't like games and it sounds like they're playing games.

If you want to minimize your depreciation buy used.

 

[FloridaAussie]

On a non unique vehicle, the more you spend the more you lose.

 

[ZeeJay]

They don’t all lose value and I know it isn’t an investment. I rented my Prius out on Turo and stopped renting it when it made more than the price I paid for the car. I won’t be doing this with the jeep. My Lambo I bought used for a good price drove it 3 years and sold it for the same as I bought it. So as you can see, I would like to take a very minimal hit on depreciation

That’s all fantasy man, they have been practically giving away ‘23s and good odds in ‘25 all the ‘24s they will happily give away again. I fear once the weird market finally adjusts to reality it will be far worse. These trucks aren’t exactly flying off store shelves. Maybe something far out like Lamborghini that’s a thing but with common folk stuff like a Gladiator not so much. Tell them cash or walk, buy private party, or just finance and then promptly vista the bank and end it.

 

[zebest]

That’s all fantasy man, they have been practically giving away ‘23s and good odds in ‘25 all the ‘24s they will happily give away again. I fear once the weird market finally adjusts to reality it will be far worse. These trucks aren’t exactly flying off store shelves. Maybe something far out like Lamborghini that’s a thing but with common folk stuff like a Gladiator not so much. Tell them cash or walk, buy private party, or just finance and then promptly vista the bank and end it.

Thanks, so it sounds like I should shop used, or a new 23 or wait for a 24 once the 25s come out, appreciate it!

 

[ZeeJay]

Thanks, so it sounds like I should shop used, or a new 23 or wait for a 24 once the 25s come out, appreciate it!

I suppose just tossing some made up number’s around theoretically it’s possible. Like say 60K list but rebated and discounted to death then in a few years that discounted value would be “normal” depreciation off MSRP. I don’t know, there are smarter money people here than me. I just now there isn’t magic value in these trucks.

 

[FloridaAussie]

Thanks, so it sounds like I should shop used, or a new 23 or wait for a 24 once the 25s come out, appreciate it!

If you're prepared to make a mini vacation and travel...what's stopping you from getting the best deal in any state? Koons in VA has offered me great deals over the years.

 

[zebest]

Right and I have never bought a car brand new, but searching online I see some 23’s discounted a lot and then some not at all, same with 24s but not as much, some discounted pretty nicely and others not at all.

If you're prepared to make a mini vacation and travel...what's stopping you from getting the best deal in any state? Koons in VA has offered me great deals over the years.

That’s a great idea and I am happy to travel anywhere in the U.S. I will contact them, I would rather have a deal negotiated first before traveling that far. Will check out their deals today.

 

[Free2roam]

Sorry! But you bought a Lambo? And you're worried about 2k.

 

[Gvsukids]

I just wanted to get some opinion on which direction I should go for depreciation hit. Thank you

They all will.

 

[zebest]

I’m not worried about 2k, I don’t like false advertising, also I am more worried about the depreciation over time. I also own 5 houses free and clear. I like to make smart financial decisions, I believe it has helped me acquire what I have quickly. I don’t like throwing unnecessary money away, meaning I want the least depreciation Jeep

 

[zebest]

They all will.

I know they all will, but if I buy one over priced by 20k it will depreciate much faster then if I buy one for a great deal!

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