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  #1  
Old 03-02-2015, 01:40 PM
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Exclamation Re-sale Value

Not sure if anyone is really looking at this but has anyone noticed their re-sale values on their Ecodiesel Grand Cherokee's?

I have a 14 Summit and if I would have paid anything near asking price, I would want my money back. Even at what I paid I have never owned a vehicle that has dropped in value at the current rate.

Anyone else have a problem with this?

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  #2  
Old 03-02-2015, 04:03 PM
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Re: Re-sale Value

What is the current value? I love my diesel Jeep so much I am selling my BMW to just be a one car owner.
I have no plans to sell mine for another 8 years so I guess that means I am not too concerned about resale value.
That said not too many vehicles do well on resale value the first year which is the steepest decline...
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Old 03-02-2015, 04:39 PM
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Re: Re-sale Value

Of the Jeep fleet Wranglers seen to hold their valve the best. That's been my experience with 'em.-Rockydee
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Old 03-02-2015, 06:50 PM
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Re: Re-sale Value

Quote:
Originally Posted by fun2drive View Post
What is the current value? I love my diesel Jeep so much I am selling my BMW to just be a one car owner.
I have no plans to sell mine for another 8 years so I guess that means I am not too concerned about resale value.
That said not too many vehicles do well on resale value the first year which is the steepest decline...
I'll use myself as an example since I started this thread. MSRP on my Summit Diesel was ~$58,200. Currently I am being offered $40k for trade in. Granted, I think this is a low-ball offer and if I look at KBB or NADA I am seeing $41-45k with 10k miles.

So, say it is worth $45k. That would mean a $13k loss in 6-7 months not counting taxes. But if a dealership is only offering me $40k for it thats $18k in 6-7 months. Thats miserable, worst I have ever seen.

Thankfully I didn't pay MSRP or I would be pissed.

Quote:
Originally Posted by Rockydee
Of the Jeep fleet Wranglers seen to hold their valve the best. That's been my experience with 'em.-Rockydee
This is correct, but this rate of depreciation is ridiculous.
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Old 03-02-2015, 07:38 PM
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Quote:
Originally Posted by epicgc View Post
Even at what I paid I have never owned a vehicle that has dropped in value at the current rate.
It is unfortunate you didn't do the research on expected depreciation for the Jeep Grand Cherokee before purchasing. The first year depreciation hit you cited is in line with my expectations. Concordantly, I bought the EcoDiesel Summit with the intention of driving it for 8+ years.

Have you ever owned a vehicle that cost this much?

Quote:
Anyone else have a problem with this?
This is a really odd question. I presume you're venting by asking a rhetorical question.

As I perceive the situation, you really only have two positive options: accept the reality of the high depreciation rate and not let it mar your enjoyment of your fine vehicle, or, if this issue is going to remain a major impediment to your perception of the vehicle, take the hit as a sunk cost/lesson learned and trade it in.

If it helps, you can compare your Jeep with a Toyota 4Runner. T4R's hold their value pretty well, but look at what you get: early 2000's cabin technology, gobs of cheap looking plastic in the cabin, pleather upholstery in their top-of-the-line Limited model, a 5 speed transmission, no HID option, no ACC, no QuadraDrive 2 equivalent, no diesel option, etc.
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Old 03-02-2015, 07:50 PM
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Re: Re-sale Value

Our 2015 JGC Overland replaces a 1995 Isuzu Rodeo we bought new. I hope we get as good service from our Jeep. I know there are bunches of 20 yr-old jeeps on the roads around here - so I'm optimistic!!


Now - If we can only live that long!!
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Old 03-02-2015, 09:00 PM
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Re: Re-sale Value

Quote:
Originally Posted by epicgc View Post
I'll use myself as an example since I started this thread. MSRP on my Summit Diesel was ~$58,200. Currently I am being offered $40k for trade in. Granted, I think this is a low-ball offer and if I look at KBB or NADA I am seeing $41-45k with 10k miles.

So, say it is worth $45k. That would mean a $13k loss in 6-7 months not counting taxes. But if a dealership is only offering me $40k for it thats $18k in 6-7 months. Thats miserable, worst I have ever seen.

Thankfully I didn't pay MSRP or I would be pissed.



This is correct, but this rate of depreciation is ridiculous.
That's a hosing alright, especially if you were planning on buying another Jeep.-Rockydee
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Old 03-03-2015, 05:42 AM
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Re: Re-sale Value

Quote:
Originally Posted by Roadkill View Post
It is unfortunate you didn't do the research on expected depreciation for the Jeep Grand Cherokee before purchasing. The first year depreciation hit you cited is in line with my expectations. Concordantly, I bought the EcoDiesel Summit with the intention of driving it for 8+ years.

Have you ever owned a vehicle that cost this much?
Haha, yes, sadly I have purchased more expensive vehicles that have held their value better than this vehicle has.

I took a quick look at their values when purchasing but with this vehicle being so new it was hard to get a good gauge and I was hoping the "Diesel holds their value" line would hold up.

Ultimately this will be my last Jeep unless I go back to a Wrangler.


Quote:
Originally Posted by Roadkill View Post
This is a really odd question. I presume you're venting by asking a rhetorical question.

As I perceive the situation, you really only have two positive options: accept the reality of the high depreciation rate and not let it mar your enjoyment of your fine vehicle, or, if this issue is going to remain a major impediment to your perception of the vehicle, take the hit as a sunk cost/lesson learned and trade it in.

If it helps, you can compare your Jeep with a Toyota 4Runner. T4R's hold their value pretty well, but look at what you get: early 2000's cabin technology, gobs of cheap looking plastic in the cabin, pleather upholstery in their top-of-the-line Limited model, a 5 speed transmission, no HID option, no ACC, no QuadraDrive 2 equivalent, no diesel option, etc.
Well aware of my situation options. This isn't my first rodeo in car owning and as it is my 10th car I have owned I have plenty of experience to put it against. Thus, why I am a little frustrated and let down.

That being said with the number of problems wrong with my vehicle and the other issues people talk about on here all the time I should have known it would be terrible. Sad fact is that I everyone I talked to about this vehicle before purchase said they loved it and it was the best vehicle they had ever owned.

And your right, the T4R is a great comparison but you get a much different outdated vehicle if you go the T4R route. It was one of my considerations as my LR4 was being lemon'd and I had to move quickly to find a vehicle replacement. Granted you are a little wrong, the T4R Limited does have HID lights and the plastic is only marginally nicer than the GC's hard plastic wood trim with massive gaps between everything. Plus the ACC option is one of the items I would put on the Most Worthless Option list as it never gets used and because of its interaction I never use cruise control. This coming from someone who regularly drives 450 miles at a time.

Needless to say I am glad you are happy with your vehicle and its depreciation rate, I am not. But now we are now just a bunch of school girls....
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Old 03-03-2015, 07:16 AM
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Re: Re-sale Value

Quote:
Originally Posted by epicgc View Post
Granted you are a little wrong, the T4R Limited does have HID lights
Haha, sorry, you've been misled. There is no factory HID option on any trim level of 4Runner. Of course, I'm sure their marketing department is pleased that you thought "projector headlights" meant "HID", but alas that's not the case.

Quote:
Plus the ACC option is one of the items I would put on the Most Worthless Option list as it never gets used and because of its interaction
That's interesting. I will never own another vehicle without ACC again. It's an absolute must-have feature, and one that I use all the time.

Quote:
Needless to say I am glad you are happy with your vehicle and its depreciation rate, I am not.
No, it's not that I'm particularly pleased with a high depreciation rate; that would be irrational. I simply wasn't surprised by it because I did the research before purchasing and made a calculated decision.

Quote:
Sad fact is that I everyone I talked to about this vehicle before purchase said they loved it and it was the best vehicle they had ever owned.
Conversely, based on what I read in various fora, I anticipated that this Jeep would fall apart the moment I drove off the dealer lot. Do you know the difference between an optimist and a pessimist? A pessimist can occasionally be pleasantly surprised (haha).

If I had gone with the T4R I would have been absolutely livid if it ever had any issue whatsoever (trivial or not), because I would have bought it for "reliability" and sacrificed all the features of the WK2 EcoDiesel to get that. I decided to gamble on the Jeep's reputation for low reliability in order to get all these features and options that I use regularly... and I haven't experienced any appreciable reliability issues. So, the Jeep has been win/win from my perspective.

Quote:
But now we are now just a bunch of school girls...
QFT.
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Old 03-03-2015, 09:09 AM
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Re: Re-sale Value

Quote:
Originally Posted by Roadkill View Post
Haha, sorry, you've been misled. There is no factory HID option on any trim level of 4Runner. Of course, I'm sure their marketing department is pleased that you thought "projector headlights" meant "HID", but alas that's not the case.
I'm going to let you re-read your paragraph above and then read this link:

Headlights Explained

Now we have completely derailed....

To get back on topic, I would say that I honestly wanted to love this vehicle. I felt it checked off soo many items on my list and after the miserable experience I had with my LR4 issues thought it could be the one. Both my Wrangler's were flawless and my father had had no issues out of his GC Overland. Which he bought lightly used at far less depreciation than what I am currently seeing.

I will say the other issues, besides our vehicles not being that great, could be gas prices as well as the used car market finally getting back to where it would have been given no cash for clunkers program. So, fully aware there are greater factors than just our vehicles. Still find this to be a huge letdown on the value of this vehicle.
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Old 03-03-2015, 09:56 AM
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Re: Re-sale Value

Quote:
Originally Posted by epicgc View Post
I'm going to let you re-read your paragraph above and then read this link:
Tell you what: I'm going to let you read the link to the Toyota website that I submitted in my last post. Then you can go ahead and provide us with proof that any trim level of T4R has ever had a factory HID option. Go ahead, I'll wait.

Just to be clear:

Quote:
Originally Posted by epicgc View Post
Granted you are a little wrong, the T4R Limited does have HID lights
[citation needed]

...because they have halogen projector headlights, not HID. You either confused "projector" with "HID" (which would be ironic given your snarky "explanation" link), or you were just wrong due to memory failure.
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Old 03-03-2015, 09:58 AM
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Re: Re-sale Value

Quote:
Originally Posted by Roadkill View Post
Tell you what: I'm going to let you read the link to the Toyota website that I submitted in my last post. Then you can go ahead and provide us with proof that any T4R has ever had a factory HID option. Go ahead, I'll wait.
Projector and HID is practically interchangeable. Clearly you didn't read the link I posted. I read yours.....
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