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Old 08-26-2016, 09:35 AM
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Jeep's Hold Their Value Better Than Ford

This surprised me, given all the nonsense and negativity you hear about how Chrysler / Fiat products, "don't hold their value". Here's the proof straight from Kelly Blue Book and True Car. In an attempt to give the Ford every advantage possible, I compared a 10 year old Jeep Grand Cherokee Overland, (mid trim level), to a 10 year old Ford Expedition King Ranch Edition. (The highest, most expensive trim level).

Also, the Expedition is a large class SUV, while the Grand Cherokee is considered a mid size SUV. If you did the comparison between a Ford Explorer and a Jeep Grand Cherokee, it would favor the Jeep even more.

2006 Jeep Grand Cherokee Overland ($8,185.00)

Kelley Blue Book

2006 Ford Expedition King Ranch Edition ($7,086.00)

Kelley Blue Book

Now, let's look at what they cost NEW on average from True Car:

2016 Ford Expedition King Ranch Edition ($58,768.00)

https://www.truecar.com/prices-new/f...6l70013qn00ege

2016 Jeep Grand Cherokee Overland ($43,641.00)

https://www.truecar.com/prices-new/j...c3r0013qn00ege

So... On average the Ford is going to cost you $15,127.00 MORE than the Jeep, and 10 years down the road it's going to be worth $1,099.00 LESS. That's a substantial hit. And for those Ford lovers that right away come back with the nonsense that, "No one keeps their cars that long anymore!".... Read it and weep. The average new car owner in this country now keeps their vehicles an average of 11.4 YEARS. Good to know when you're trying up that much of your hard earned money on a new vehicle.

https://www.google.com/?gws_rd=ssl#q...keep+their+car

https://www.mainstreet.com/article/h...ng-them-ground

Average length of U.S. vehicle ownership hit an all-time high - Kelley Blue Book

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Old 08-26-2016, 09:42 AM
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Re: Jeep's Hold Their Value Better Than Ford

Not disputing which holds its value better, but a Grand Cherokee and an Expedition aren't even close to the same vehicle. Also, bells and whistles depreciate faster than the underlying vehicle. Actually Ford has nothing that is a real comparison to the Grand Cherokee, but an Explorer would be closer.


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Old 08-26-2016, 09:50 AM
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Re: Jeep's Hold Their Value Better Than Ford

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Originally Posted by bill_de View Post
Not disputing which holds its value better, but a Grand Cherokee and an Expedition aren't even close to the same vehicle. Also, bells and whistles depreciate faster than the underlying vehicle. Actually Ford has nothing that is a real comparison to the Grand Cherokee, but an Explorer would be closer.
I understand. The Expedition is a much larger, costlier vehicle. One would think it would hold it's value better. Or at least be worth more down the road. Considering what you're paying up front in the showroom. Especially in a much costlier trim package. The fact is it cost far more, and is worth far less 10 years down the road. As I said that surprised me, given all you hear about how Chrysler products supposedly depreciate so much faster than most other vehicles from the "Big 3". Also, Ford has nothing warranty wise that compares to Chrysler Max Care. Try getting a lifetime warranty on an Eco Boost, or even the 5.0 V-8. They're non existent. They are easily both obtainable and affordable with both the Penstar V-6 and the 5.7 HEMI V-8.
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Old 08-30-2016, 11:43 PM
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Re: Jeep's Hold Their Value Better Than Ford

There are plenty of cars that don't hold their value well, it doesn't necessarily mean that they're bad cars. Cheaper cars will typically hold their value a lot better than super expensive cars. A more expensive car costs a lot more to maintain, and that gets factored into the resale value.
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Old 08-31-2016, 03:44 AM
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Re: Jeep's Hold Their Value Better Than Ford

I just hope my 14 SRT is still worth $30k when I'm done paying it off lol
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Old 08-31-2016, 06:16 AM
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Re: Jeep's Hold Their Value Better Than Ford

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Originally Posted by thzpcs View Post
There are plenty of cars that don't hold their value well, it doesn't necessarily mean that they're bad cars. A more expensive car costs a lot more to maintain, and that gets factored into the resale value.
I never said they were "bad". I said they don't hold their value. And they don't. If you go on a lot of automotive forums, Chrysler Jeep products are almost always universally criticized for, "not holding their value". I heard this crap most every time I mentioned getting a Grand Cherokee, or a Ram truck..... Except of course here.

Yet another universal line of crap you always hear is..... "They introduced Chrysler Max Care Lifetime Warranties, because Chrysler products have poor reliability". That makes about as much sense as health care companies giving a discount to people who smoke.

There is zero reason a larger, better appointed vehicle that costs over $15K MORE new, should be worth almost $1,100.00 LESS just 10 years down the road. Yet that is the case, as I pointed out. The beautifully appointed Ford King Ranch Expedition may very well roll completely trouble free for those 10 years. That doesn't change the fact it doesn't hold it's value anywhere near as well. And there is no reason a Ford Expedition should cost any more to operate and maintain than a Jeep Grand Cherokee. Except for burning more fuel because it's a larger, heavier vehicle. And even that isn't going to be enough to matter.
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Old 09-19-2016, 11:55 PM
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Re: Jeep's Hold Their Value Better Than Ford

I'm about to replace my WK and was pleasantly surprised how well it's held value for a 10 year old vehicle.

Of course I'll have a whole new level of pain when the Cayenne arrives, but the WK will likely let me trade just about even for a second-hand Frontier for hauling stuff too filthy for the Porsche.
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Old 09-20-2016, 03:13 PM
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Re: Jeep's Hold Their Value Better Than Ford

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Originally Posted by bill_de View Post
Not disputing which holds its value better, but a Grand Cherokee and an Expedition aren't even close to the same vehicle. Also, bells and whistles depreciate faster than the underlying vehicle. Actually Ford has nothing that is a real comparison to the Grand Cherokee, but an Explorer would be closer.


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A better comparison would be a Ford Exploder and a Grand Cherokee.

Back when I bought a used '95 ZJ, it was because they were going for less than Exploders of similar vintage on new car dealer used vehicle lots--both Jeep and Ford dealers were asking more for Exploders than ZJs.

Not a clue what the current trend is with the new "minivan" Exploder against a WK2 that can not only go offroad--it can get back ON.
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Old 09-20-2016, 03:15 PM
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Re: Jeep's Hold Their Value Better Than Ford

Quote:
Originally Posted by thzpcs View Post
There are plenty of cars that don't hold their value well, it doesn't necessarily mean that they're bad cars. Cheaper cars will typically hold their value a lot better than super expensive cars. A more expensive car costs a lot more to maintain, and that gets factored into the resale value.
Assuming professionals know value better than I do, I used to consider that the most stolen vehicles were the more desirable ones. Unfortunately, it can also be that they are needed more for chop shops to create repair parts--or are simply more easily stolen.

"Even Car Thieves Know a Good SUV When They See One"
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Old 09-20-2016, 04:32 PM
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Re: Jeep's Hold Their Value Better Than Ford

Quote:
Originally Posted by bill_de View Post
Not disputing which holds its value better, but a Grand Cherokee and an Expedition aren't even close to the same vehicle. Also, bells and whistles depreciate faster than the underlying vehicle. Actually Ford has nothing that is a real comparison to the Grand Cherokee, but an Explorer would be closer.

Quote:
Originally Posted by lstowell View Post
Agreed
A better comparison would be a Ford Exploder and a Grand Cherokee.
I'll explain again why I used the Expedition in my comparison. This was strictly an ECONOMIC COMPARISON to show depreciation. Not to compare vehicle features or size. The reason I used the Expedition in the highest trim grade available, (King Ranch Edition), was to give the Ford every economic advantage possible. By using their largest, most expensive SUV against the less costly, and smaller Chrysler Jeep product. In the the Grand Cherokee I used the Overland. Which is NOT the highest trim grade. The Summit is.

So if you want to do a direct comparison between the Explorer in a lower grade trim, against the Grand Cherokee Overland, the results will be even more economically profound in favor of the Jeep. My point was to show how drastically the Ford, even in it's largest SUV equipped in it's most expensive purchase package, depreciated well below the Jeep, in a much cheaper trim package. When both are purchased new in the same year.
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