Originally Posted by gvsmitty19
The problem with the Patriot is that it's so bare bones at the offering point. By the time you add the options that are standard for most, you are competing against vehicles that have vastly superior technology and performance. The other big problem, especially if you're in the midwest, is the Patriot's rapid depreciation versus other vehicles. This has been well documented.
My hopes for the Cherokee is that the budget buyer stays away and that it gets closer aligned to the Grand Cherokee or Wrangler in terms of value and resale value.
In two years, a 24k Patriot becomes worth 17k or 18k, while a 28k Wrangler becomes 25k. And the spread only becomes wider after that.
I really don't agree. I got a LOT of vehicle for a little money by today's standards with my Patriot. It isn't lacking many features and the build quallity is as good as the competition. A top of the line Patriot with just about everything offered is only going to set you back what an Equinox, Pilot, Rav4, etc... start out at or moderate ones at worst.
Also, I am sorry but depreciation is not as bad as you talk of. Not around here anyway. I just looked up my vehicle's approx value( KBB and NADA )and it is $20,500-$23,400 depending on which condition in KBB you would agree on and/or which value guide you go by. It was less than $25K new. That isn't a lot of depreciation.
Jeep already has an expensive top of the line SUV in the Grand Cherokee. To price the smaller regular Cherokee in the same ball park is ludicrous. Sorry but I just don't understand people wanting it to be so expensive and seeming to be ok with it?
The Cherokee is supposed to be a small suv that replaces the Liberty. The Liberty was over priced but at the least the new Cherokee should be in the same approx price range. As I said $26K-$28K for a decent 4WD.
The new Cherokee is more advanced than the Patrriot and I fully expect to pay more for it. However, it should not cost as much as a Grand Cherokee nor a full sized 4WD truck. That is just way too expensive and IMO will really hurt sales.
I am actually very interested in the new Cherokee but if it sets me back more than $28K MAX for a decent 4WD version they can keep it. Now by decent I don't mean leather, sunroof, etc... I am not talking loaded. Basic power, AC, cruise, 6 cyl. Hopefully a nav system too( I might go $29K max with nav but would be very hesitant ).