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Old 08-06-2011, 09:39 PM
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2011 vs. 2012 = 2011 is Winner

So...if you're looking for an Overland 4X4 or better yet an Overland 4X4 with ORAG II, here's something to consider.

2011 Overland 4X4 (pre May 2nd build) base price = $41,910 + $780 destination
2012 Overland 4X4 base price = $42,995 + $825 destination

Price Difference = $1085 base price + $45 destination + $1000 (2011 Rebate) = $2130
Important to note that the 2012 Overland does come with the RHR standard (a $465 option on 2011).

You're getting a different tranny with slightly better fuel economy (13/20 vs. 13/19 right? Wrong...same tranny as post 5/2 builds or those 2011s with the TSB mentioned in other threads).

Add the ORAG II:

2011 ORAG II = $275
2012 ORAG II = $995 (Real off-road tires right? Wrong...same tires confirmed)

Price Difference = $720

So....2011 Overland + ORAG II = $2850 cheaper than 2012 equipped the same.

If you're financing over 5 years at 1.9%, you'll looking at $49.83 or so extra a month for the SAME EXACT VEHICLE! If you're gonna trade it in a couple years, you'll still probably want the 2012 but you'll have to crunch the numbers. I was planning on ordering a 2012 but with the revelations about the same tranny and ORAG II increase I've gotta find a 2011...just can't justify the almost $3K incease in price and the incentives very well may increase after 6 September.
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Old 08-06-2011, 09:50 PM
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Re: 2011 vs. 2012 = 2011 is Winner

Thanks for the numbers crunching.
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Old 08-06-2011, 10:05 PM
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Re: 2011 vs. 2012 = 2011 is Winner

For a person with the option to buy a 2011 or 2012 at this present moment. The resale value is the kicker here. You will mostly likely get back close to $2850 during resale at a given moment between the two cars. Also marketing wise to the general public not too knowledgeable about the inner workings, the "6speed" will be more desirable to the "multi 5speed" marketed on the 2011. Also you have to take into consideration that a 2012, sitting next to a 2011, will sell better 2-3 years down the line when the right buyer walks across them.

Given that logic, if you are really going to keep this car for a longgg time and don't care about resale, the 2011 value cannot be beat at this point.
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Old 08-06-2011, 10:39 PM
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Re: 2011 vs. 2012 = 2011 is Winner

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Originally Posted by sined240 View Post
Also you have to take into consideration that a 2012, sitting next to a 2011, will sell better 2-3 years down the line when the right buyer walks across them.
Not necessarily if you bought a 2011 right now it would have less miles in comparison to the early build 2012 model if sold at the same time. Likely even if you drive an average amount the 2012 will take a bigger mileage hit. Probably all evens out.
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Old 08-06-2011, 11:06 PM
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Re: 2011 vs. 2012 = 2011 is Winner

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Originally Posted by jeep2011 View Post
Not necessarily if you bought a 2011 right now it would have less miles in comparison to the early build 2012 model if sold at the same time. Likely even if you drive an average amount the 2012 will take a bigger mileage hit. Probably all evens out.
I don't know, you have to make all other factors equal. Given the same mileage, if I was to buy between two cars, i would take a 2012 with 30K miles rather than a 2011 with 30K miles. Especially 2011 being the first model year...
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Old 08-06-2011, 11:38 PM
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Re: 2011 vs. 2012 = 2011 is Winner

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Originally Posted by sined240 View Post
I don't know, you have to make all other factors equal. Given the same mileage, if I was to buy between two cars, i would take a 2012 with 30K miles rather than a 2011 with 30K miles. Especially 2011 being the first model year...
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Originally Posted by jeep2011 View Post
Not necessarily if you bought a 2011 right now it would have less miles in comparison to the early build 2012 model if sold at the same time. Likely even if you drive an average amount the 2012 will take a bigger mileage hit. Probably all evens out.
Ok let's take a look at an example.

2009 JGC 4X4 Limited vs. 2010 JGC 4X4 Limited BOTH with 30,000 miles and identically equipped on KBB. I'll use the KBB Excellent value for Trade-In and also show Private Party

2009 Trade-In = $24,750
2010 Trade-In = $26,475
2009 Private Party = $26,750
2010 Private Party = $28,210

2010 Trade-In worth $1,725 more
2010 Private Party worth $1,460 more

The question here is whether the incentives on the 2009 vs. the 2010 were worth more than $1,725 if trading in or $1,460 going private party. If you finance you also have to take that into consideration.

In my previous example of the 2011 vs. 2012 Overland 4X4 with ORAG II, you are looking at $2850 more BEFORE financing costs. If you assume 1.9% over 5 years (2011) that means the cost will actually be $2989.80 at the end of the loan. I'm assuming you can get 1.9% on 2012s somewhere (NAVYFED) or the difference would be even greater. But even at $2989.80, that means the depreciation difference between a 2011 and 2012 identically equipped with the same miles would have to be more than that to prove the theory that the newer model year is better. In my example of the 2009 and 2010 JGC above, you can see that's not the case. If we were to assume that the $1,725 difference will be the same between a 2011 and 2012 JGC, then the best case, $2989.80-$1725 = $1264.80 better value for the 2011. It really is all in the numbers but at this point I think I can safely assume that the current price difference will still be greater than the anticipated depreciation in the future. That number will also become much less (depreciation difference between the two model years) as they get older and older. It will be much less when you're comparing a 4-5 year old and 5-6 year old car. I did the same analysis on my 2009 Dodge Ram vs. 2010 Dodge Ram and came out that the difference in depreciation was about $3K. The 2009 rebates and financing were between $5K and $6K better which is considerably higher than the current depreciation difference between the two.
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Old 08-07-2011, 01:07 AM
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Re: 2011 vs. 2012 = 2011 is Winner

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Originally Posted by sined240 View Post
I don't know, you have to make all other factors equal. Given the same mileage, if I was to buy between two cars, i would take a 2012 with 30K miles rather than a 2011 with 30K miles. Especially 2011 being the first model year...
A late model 2011 (which would be purchased now) will be exactly like an early build 2012 (made within weeks of each other) A first year build being problematic is just a perception to some, not saying it doesn't happen, but it definitely have never swayed my decision.
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Old 08-07-2011, 06:35 AM
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Re: 2011 vs. 2012 = 2011 is Winner

Heminator, not saying that your numbers are wrong and I agree that 2011 looking at a purely financial perspective is a better deal. With that said, you are not taking into account the imperceptible factors such as faster resale due to it being a later model year. For some, 1k-2k price difference is a big factor but trust me when i say this, my time is more important than that. I can make up that difference in 2 days worth of work so I have to take into time. And given that this car is a 50k car once all the paperwork is signed. I can safely say the average Overland buyer has a higher time/money factor than the general population. So these are things to take into account.

But I do agree 2011s are great deal. But mine will still be "current" for almost 1.5 years.

Nobody is wrong here...
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Old 08-07-2011, 06:36 AM
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Re: 2011 vs. 2012 = 2011 is Winner

Quote:
Originally Posted by jeep2011 View Post
A late model 2011 (which would be purchased now) will be exactly like an early build 2012 (made within weeks of each other) A first year build being problematic is just a perception to some, not saying it doesn't happen, but it definitely have never swayed my decision.
Most people don't look at build time, they just look at mileage and year. Only enthusiasts probably do that...
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Old 08-07-2011, 07:43 AM
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Re: 2011 vs. 2012 = 2011 is Winner

MSRPs are higher in 2012, but more than likely, the average selling price will be down. (more transactions at or below invoice, more mfg incentives)
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Old 08-07-2011, 07:59 AM
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Re: 2011 vs. 2012 = 2011 is Winner

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MSRPs are higher in 2012, but more than likely, the average selling price will be down. (more transactions at or below invoice, more mfg incentives)
Good point, since the newness wore off since the launch of the WK2, the average selling price most likely will be down on the 2012s as well...
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Old 08-07-2011, 12:59 PM
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Re: 2011 vs. 2012 = 2011 is Winner

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Originally Posted by sined240 View Post
Good point, since the newness wore off since the launch of the WK2, the average selling price most likely will be down on the 2012s as well...
Possibly yes. However, we're taking a snapshot in time and comparing a 2011 bought today vs. a 2012 bought today. Nobody knows what kind of incentives will be on the 2012s come this time next year but then you'll be comparing a 2012 to a 2013 depending on the price differences. I agree you're talking about a near $50K vehicle but I just can't justify spending 2-3K more for the EXACT same vehicle (unless I just really wanted one of the new colors that are just about all late availability). Trust me I was planning on ordering a 2012 before I found out the info about it being the same tranny and the increase I mentioned before. After looking at all the numbers, I'm now looking at a 2011. I'll be buying the lifetime maxcare and keeping this for 10+ years anyway. And you're right it's not about right or wrong just throwing information out there for many of us that have been struggling between buying a 2011 or a 2012...that's what these forums are for and this one is the best I've seen!
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