Some Of Jeep's Best Customers Simply Can't Afford A Jeep Anymore

[Raven65]

Let's be honest... these things are $35k vehicles at best... and I'm talking Rubicons/Mojaves. But... any product's "worth" is "whatever the market will bear"... and up until now, people have been willing to pay increasingly ridiculous prices for Gladiators/Wranglers. With the current economy, interest rates, etc., that is no longer true, so the market for them is correcting. Sucks for people (like me) who bought at the peak of the market (though I still paid below sticker), but you only eat that depreciation if/when you sell/trade. If you do that right, you're going to get burned. I plan to keep mine at least through the factory warranty period - which at my current mileage rate will be another 4-5 years. Nobody knows what the market for these will look like by then. Gas prices could shoot up to $10/gallon by then and nobody in their right mind will be buying gas guzzlers like these, so they'll be nearly worthless - OR - Jeep may discontinue them and gas prices will remain relatively low - and they'll be worth a LOT by then. It's just a crap shoot. The best thing to do right now is just stop worrying abut resale value and keep/enjoy them!

Sponsored

 

[BearFootSam]

Tell me you‘re a boomer without telling me you’re a boomer.

You are off the mark by two generations friend. I'm a millennial that has had to pay my own way through the chaotic economy since the 2000's and have learned from the mistakes of peers.

 

[BearFootSam]

I tend to hang on to vehicles for a long time as well. The last two trucks I kept for 8 years and 9 years respectively. I try to keep financed amounts below half the out the door price. I will say that right around the 7-8 year mark my eyes start to wander to the latest and greatest though. My wife and I tend to alternate car purchases, it's her turn next, and her car is right around the 7 year mark.

The nice thing about waiting 7-8 years is that by that time between wear on the old vehicle and the "progress" of the new, it feels like a major upgrade. Coming from a pretty bare bone manual forester the Gladiator is and feels like a massive upgrade.

 

[BearFootSam]

Do people (here on the forum) actually finance wheels, lift and tires?

I knew people growing up would do a wheel loan....but I guess I just assumed people with lift wheels and tires....bumpers and lights just paid for it straight....okay...maybe some on a credit card....

But, really? 5k+ in loan just to add to the jeep payment? Crazy

In Fayetteville NC there were shops that you could 'rent rims' (and tires of course). I could only assume this was to 'dress up' for special occasions. Like, prom is coming, let's rent some 27's and drive a donk.

 

[ttn333]

In Fayetteville NC there were shops that you could 'rent rims' (and tires of course). I could only assume this was to 'dress up' for special occasions. Like, prom is coming, let's rent some 27's and drive a donk.

Ok Wow!. Hmm... might be fun dressing up your lifted rubicon and putting on some 24" rims for trunk or treat lol.

 

[Gizmo]

Sounds like everything else , inflation . Wages did not go up compared to inflation . Its not a Jeep thing its a Washington DC thing if you know what I mean. Takes a lot bigger paycheck just to live hence the strike .

 

[redriderjf87]

Take the tinfoil off for a minute. They didn't all get it at the same time, subscriptions have been around for hundreds of years. Every industry wants to be able to charge you monthly or yearly for a product, but it has to be something they can turn off if you stop the subscription. Software advances and connectivity are what have allowed it to spread to everything recently.

No tin foil here. You mentioned that because it elicits an emotional response to make me seem "extreme" and dismiss any points without objective consideration.

I just ask honest questions and keep an open mind. Look at cause and effect, coincidence vs a common denominator.

I also never said subscriptions were just invented. You tried to make it look like I said that, to exaggerate my argument to appear more extreme.

Software and connectivity advances are not a reason to offer subscription services. They enable it / make it easier, but that's not an root cause of why you would offer it.

Also there are keynote videos you are ignoring of people explicitly saying they want the mass population to own nothing and be happy. You will try to make me sound extreme for acknowledging that, but the keynotes are freely available on the Internet to watch.

 

[sharpsicle]

No tin foil here. You mentioned that because it elicits an emotional response to make me seem "extreme" and dismiss any points without objective consideration.

I just ask honest questions and keep an open mind. Look at cause and effect, coincidence vs a common denominator.

I also never said subscriptions were just invented. You tried to make it look like I said that, to exaggerate my argument to appear more extreme.

Software and connectivity advances are not a reason to offer subscription services. They enable it / make it easier, but that's not an root cause of why you would offer it.

Also there are keynote videos you are ignoring of people explicitly saying they want the mass population to own nothing and be happy. You will try to make me sound extreme for acknowledging that, but the keynotes are freely available on the Internet to watch.

No, he mentioned it because your comment of "corporations are getting that direction from a common source" is a bit cringey and screams conspiracy theorist. I see what he saw with that comment. Don't be mad he called it out. And don't go misrepresenting what he said either. It really looks like you didn't understand what he actually said and it just makes you look worse.

And please, if you're going to say we're ignoring something you never provided us, at least provide it now so we know what the heck you're talking about.

 

[redriderjf87]

No, he mentioned it because your comment of "corporations are getting that direction from a common source" is a bit cringey and screams conspiracy theorist. I see what he saw with that comment. Don't be mad he called it out. And don't go misrepresenting what he said either. It really looks like you didn't understand what he actually said and it just makes you look worse.

And please, if you're going to say we're ignoring something you never provided us, at least provide it now so we know what the heck you're talking about.

Again, you're using emotional buzzwords to try and make me appear as "extreme" so you don't have to use logic to consider what I said.

I made true statements, and you countered with emotion.

Companies are in fact getting motivation at the same time to reduce consumer ownership within their products. A keynote speech not too long ago did in fact say people will own nothing and be happy.

It's better to be objective with an open mind and not rely on emotion. I will leave it there.

 

[Deleted member 57233]

Again, you're using emotional buzzwords to try and make me appear as "extreme" so you don't have to use logic to consider what I said.

I made true statements, and you countered with emotion.

Companies are in fact getting motivation at the same time to reduce consumer ownership within their products. A keynote speech not too long ago did in fact say people will own nothing and be happy.

It's better to be objective with an open mind and not rely on emotion. I will leave it there.

You know that "keynote" just means the speech had a single underlying theme, or that the person was the main speaker at a conference right? Keynote does not mean it's factually correct or has any importance. I can give a keynote speech about how the sky is green to my neighbors.

 

[Hootbro]

I can give a keynote speech about how the sky is green to my neighbors.

I have seen your TED Talk on Green skies, made me a believer.

 

[ttn333]

Again, you're using emotional buzzwords to try and make me appear as "extreme" so you don't have to use logic to consider what I said.

I made true statements, and you countered with emotion.

Companies are in fact getting motivation at the same time to reduce consumer ownership within their products. A keynote speech not too long ago did in fact say people will own nothing and be happy.

It's better to be objective with an open mind and not rely on emotion. I will leave it there.

I think the fellas are having a little fun at your expense. At the same time, none of us are emotional motivated any way. It's just the way you presented your argument making it sound like there's a cabal controlling these corporation and pushing them toward this new business model. The fact is these corporations, individually, are structured to maximize profit. And subscription base model is a good way for them to achieve that end goal. They do not need to be prompted by some invisible hand toward that end. And obviously, I'm trying really hard to keep politics out of this.

Sponsored