Resale value

[Jeepez]

Hi all. I’m thinking about selling my 21 Mojave MT. It has 18,000 miles, 37s, AEV 2” spacer lift and 4:88 gears. I’m looking for input on value. Thanks

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[916WI]

$38-$40k? It looks like '21 Mojaves/Rubicons are selling at around $42k retail with equal or less than your mileage.......

 

[Scott L]

Sorry to say the resale value took a pretty large hit with the recent price drops to move 23 MY vehicles.

 

[Gladiatorx2]

I just traded in a 2022 Rubicon with quite a few modifications and upgrades. It took weeks to get a fair trade value due to the current incentives. My new one listed for 56k and I got it for 40k. It had 47,000 miles on it. If selling it I would have asked $42,000 for it. In my state you only pay tax on the trade difference so that saved me around $2,800.00
This is the one that I traded in.

 

[Gladiatorx2]

The values will go back up. The Mojave seems to demand the most money.

 

[Wheelin98TJ]

About $40k.

 

[Jeepez]

Thanks everyone for your replies. Maybe I will get her naked for the summer and see what happens to prices.

 

[ShadowsPapa]

Hi all. I’m thinking about selling my 21 Mojave MT. It has 18,000 miles, 37s, AEV 2” spacer lift and 4:88 gears. I’m looking for input on value. Thanks

Why not use those online things - value will VARY with location location location.
No one can do anything other than guess- and I'd bet those guesses have at least a 10K range because most will be opinions.

Look up online, then figure they are buying to flip it so add a bit to that.
Also research other similar used Jeeps in your own area.
Few will care enough about your personal mods to pay more for that. So don't expect to have a higher value because of your gearing and lift. It would likely be minimal if any at all.
In fact, here, Jeeps that are not modified sell better than those that are modified. Dealers don't want modified used Jeeps on their lots - they sell slow because it takes a special person, a special match to want what YOU did for your personal tastes and needs. Dealers here want stock vehicles. They ask you to put it back to stock, or else won't give you anything extra for the mods. A couple of dealers here have modified Jeeps on their lots that they've had since winter and yet they've sold all of the other used and new vehicles they've had since then. So be ready - you seldom get much if any money back for your mods - unless you are lucky and find the right person.

The values will go back up. The Mojave seems to demand the most money.

Up? With dealers and Jeep themselves already discounting the 2024 models?
One dealer has a Mojave X on the lot with a 5,500 dealer discount plus the 2K Jeep incentive meaning you can buy that X for 7500 off MSRP without any negotiating at all.
That brings it down almost to what my 2022 Overland MSRP was back in 2022.

 

[Jimko71]

So I just traded mine in. Dealers around here (Richmond VA area) are using KBB instant cash offer, which is very misleading if you go to KBB and plug in your info to get a trade value range. Don't assume the values you get from KBB/NADA/CARMAX etc will hold at a dealer.

I had to fight to get more money. Fortunately I was dealing with them on the 29th and 30th of the month and they were desperate for a sale, so I got 3K more for the trade by waiting a week. Asshats. They gave me zero for the handful of after market upgrades so I removed them all and returned it to stock. But I never buy a vehicle expecting great resale. Market has changed again.

 

[Jeepez]

I don’t need to sell. My wife and I have 3 vehicles and this is the one we drive the least. I would prefer to keep it rather than give it away.

 

[LostWoods]

Keep it if you don't have a reason to sell. I could have bought a brand new Mojave a few months ago for $46k so trade-in prices were wildly suppressed across the board. Anyone who wanted one probably bought so used demand has fallen off as well. It will recover some but with the wild offers that some dealers offer, I do not expect them to retain value like a lot here are expecting. The covid shortages are over and that market isn't coming back.

Mojave will help a little but I have no idea why given they discontinued the shocks. I would not be the one to buy a mid-mileage Mojave used when you typically only get 60k at best out of 2.5s before you gotta rebuild.

 

[Jeepez]

It’s depressing. If I sell I probably will never buy another Jeep. Low mileage Broncos in my area are selling for near original msrp. I definitely bought the wrong brand.

 

[Gladiatorx2]

Why not use those online things - value will VARY with location location location.
No one can do anything other than guess- and I'd bet those guesses have at least a 10K range because most will be opinions.

Look up online, then figure they are buying to flip it so add a bit to that.
Also research other similar used Jeeps in your own area.
Few will care enough about your personal mods to pay more for that. So don't expect to have a higher value because of your gearing and lift. It would likely be minimal if any at all.
In fact, here, Jeeps that are not modified sell better than those that are modified. Dealers don't want modified used Jeeps on their lots - they sell slow because it takes a special person, a special match to want what YOU did for your personal tastes and needs. Dealers here want stock vehicles. They ask you to put it back to stock, or else won't give you anything extra for the mods. A couple of dealers here have modified Jeeps on their lots that they've had since winter and yet they've sold all of the other used and new vehicles they've had since then. So be ready - you seldom get much if any money back for your mods - unless you are lucky and find the right person.



Up? With dealers and Jeep themselves already discounting the 2024 models?
One dealer has a Mojave X on the lot with a 5,500 dealer discount plus the 2K Jeep incentive meaning you can buy that X for 7500 off MSRP without any negotiating at all.
That brings it down almost to what my 2022 Overland MSRP was back in 2022.

Yes, up from what they are now. As a buyer at dealer on auctions I have purchased tens of millions of dollars of vehicles. Even at closed auctions for only CDJR Dealerships. The prices fluctuate along with the incentives. They also fluctuate with seasons..4x4 in winter as an example. The current incentives greatly influence the acv of the trade because the used vehicle has to be competitive in value. In my area Gladiator's sell well used. I promise you that in the future anyone who purchased a new 2023 for $15,000 back of MSRP that did not carry negative equity will be happy if they wait. Plus a new 2023 starts out with a 15000 mile buffer as the 2024 vehicles are out. I only got my 2022 $7,000 back of MSRP and 17,000 miles later my true acv was on $1,900 less. I do have ideas of what I am passing on.

 

[Gvsukids]

It’s depressing. If I sell I probably will never buy another Jeep. Low mileage Broncos in my area are selling for near original msrp. I definitely bought the wrong brand.

If you knew that beforehand, you wouldn't be buying anything that doesn't lose money.

 

[916WI]

It’s depressing. If I sell I probably will never buy another Jeep. Low mileage Broncos in my area are selling for near original msrp. I definitely bought the wrong brand.

What are you doing comparing a Bronco to a Gladiator? AFAIK--Ford doesn't have a midsize pickup version of the Bronco that could go up against the Jeep Gladiator?!? If you're looking at it from that perspective, you should take a look at Land Rovers or any of the other European SUV models--What they drop in value at the 3-5 year mark relative to MSRP will make you feel MUCH better about your situation!! I could have walked away clean when Carmax gave me exactly what I paid for my 2022 High Altitude 6 months after I bought it. Instead of moving on, I ended up dumping all of that cash and thousands more into a 2023 Rubicon--MSRP was $76k ended up paying $65k. I would be lucky to get $50k for it today. Depressing??--Hell no! This afternoon, I took the top off, fired up the noisy diesel and went chugging down the road with a big smile on my face..........I can't wait to hook the thing up to my camper next month. There are so many more important things in life than depreciation schedules......

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