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  #13  
Old 06-10-2014, 08:23 AM
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Re: $50k+ is a lot of money for a new vehicle...

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Originally Posted by balderic View Post
I never said that I couldn't afford the Jeep. I could just about pay cash for it. It would only be about 1/11 of our take home pay. I said that I was having a hard time justifying spending that much money, not just on a jeep but on any car. The problem is, I really want the jeep. $50,000 is just a huge amount of money for me to wrap spending on a vehicle that will depreciate in value so quickly. On the upside, I will probably drive it for the next 10 years or so. One of these days I will have a week moment and buy it, just not sure if I will do it soon and get a 2015 or hold out and wait for the next gen model.

And I was getting the $50k figure by adding options:

Invoice:
Overland - 43940 + 995
Diesel - $4005
ATG - $1776
OR II - $975
DVD - $1776
= $53,467 * .945 (group buy) = $50,526
If I was spending $50k+ on a vehicle! it better have a good stereo in it. You better upgrade to the Summit!
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  #14  
Old 06-10-2014, 08:38 AM
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Re: $50k+ is a lot of money for a new vehicle...

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Originally Posted by balderic View Post

And I was getting the $50k figure by adding options:

Invoice:
Overland - 43940 + 995
Diesel - $4005
ATG - $1776
OR II - $975
DVD - $1776
= $53,467 * .945 (group buy) = $50,526
Ah...so that's how you got to $50,000. Those options I personally would never consider since:

1) My V6 is plenty powerful enough for me. It's nice not having to pay for more expensive diesel fuel/urea, and I'll most likely never tow anything. The worst my trailer hitch has seen is my Yakama bike rack.

2) I'll never take my Jeep on any serious offroad expeditions. At worst...dirt roads and potholes...that's it.

3) My son is 14, so for "Entertainment" he can either look out the window or play games on his smart phone.



For the money though, the Jeep Grand Cherokee is tough to beat. Not only is the 2014 GC the best looking SUV out there currently, the X3, SRX, and the Q5 are just too small...and the Escalade, X5, and Q7 are way over-priced IMO.
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  #15  
Old 06-10-2014, 08:38 AM
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Re: $50k+ is a lot of money for a new vehicle...

I personally justify my SRT just from the pleasure I derive from having it. I'm a car freak and it's just my main "hobby", I'm always in the garage doing something whether it be detailing or installing new parts. The wife thinks it's insane, while she likes the car, she thinks 70k was a bit much. I sold it that it's safe and will be useful, LOL. I think it all comes down to how important a car is to you. I don't drive much at all since I travel for work during the week, but I've always had nice cars and it's an addiction at this point. Do I need it? Heck no I don't, and I'm sure the money would be smarter to use elsewhere, but we already have the home we want, don't go on fancy vacations and can afford it while still saving my wife's whole salary. Some people spend money on vacations or other hobbies, I just justify mine by the enjoyment I get out of having it. I realize it's a complete waste of money LOL. Just some people are car people and others aren't. You'll see fancy cars parked at an apartment complex while you see 2002 accords parked in the driveway of mansions, just matters what your priorities and interests are.
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  #16  
Old 06-10-2014, 09:03 AM
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Re: $50k+ is a lot of money for a new vehicle...

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Originally Posted by balderic View Post
I am trying to justify spending that kind of money on a new Overland. I am currently driving a 2002 Honda Accord...

So, how do you guys justify spending so much money on a jeep? I am serious, as I am looking for a couple of good reasons to convince myself to get one. Every time I have just about convinced myself, I think about how having $50k less on my mortgage or $50k invested would probably be the better option.
So this is one of those adult choices we all have to make. I justify spending a lot on my Grand Cherokee Overland (with hemi so that includes a ton on gas) because all of the comparable vehicles with the features I want cost considerably more. More specifically, show me a vehicle with actual ability off road, adjustable air suspension, with the equivalent speed/power of the hemi, the pano sunroof and other luxury features (including ATG) for significantly less money? How about the same money? How about not much more money? Long story short, if you want this kind of car with these capabilities and features it is going to be expensive. Personally, it is a no-brainer for me and my lifestyle. I have a huge dog that often rides in the back seat. I live in a location where there is heavy snow and flooding rains and I have a very long drive to work. I put on 2000+ miles every month. In addition, I like skiing and hiking. So I definitely feel like I get my money's worth and I enjoy driving it every day, whether I am going 90+ mph on the road or whether I'm on some crap trail getting to my hiking destination or deep snow.

Yes, it is an expensive car. Whether it is worth it depends on your perspective. If you decide that you would rather not spend a lot on a car then you can save a ton getting another Accord. But you simply cannot get another comparable SUV for less money.
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Old 06-10-2014, 09:09 AM
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Re: $50k+ is a lot of money for a new vehicle...

The jeep is a good value for what you get compared to the comp. if you like it buy it. If you don't don't. Simple. Sounds like you can afford it so like I said, get it if you like it. Pull the trigger!


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Old 06-10-2014, 09:27 AM
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Re: $50k+ is a lot of money for a new vehicle...

Buy it, drive it, love it! I have no regrets with my purchase. You only live once. If you can afford it, and you want it, why not. Lots of people who can't afford things still buy them. We're all kids in a candy store.
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Old 06-10-2014, 10:07 AM
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Re: $50k+ is a lot of money for a new vehicle...

In case you didn't know, the chassis was developed when they were owned by Mercedes.

It's a lot of money, but it comparison it is a good value. Cross-shop this one:
M-Class SUV: Luxury All-Wheel Drive and Diesel SUVs | Mercedes-Benz

One of the selling points of a diesel is longevity, but the new diesel in the Jeep hasn't been proven yet. If you really want a diesel, I'd consider a used BlueTEC.
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Old 06-10-2014, 10:50 AM
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$50k+ is a lot of money for a new vehicle...

Derek do you work for MB? The jeep diesel is a mature design and implementation with tens of thousands (maybe even hundreds of thousands) and literally years in the field - oh and you'll note the MB telematics lags the jeep also - but you can pay thousands more to have that star on your grill.



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  #21  
Old 06-10-2014, 10:56 AM
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Re: $50k+ is a lot of money for a new vehicle...

No, I definitely don't work for MB.

If he really wants a diesel, he'd have to buy a new Jeep (or an older WK). The ML is a good option for a used vehicle... and new one is a good comparison to illustrate the good value of the Jeep.
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  #22  
Old 06-10-2014, 11:39 AM
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Re: $50k+ is a lot of money for a new vehicle...

I have to agree with OP; 50K is way too rich for me. I went the used route, got a base laredo for just over half the original sticker price. Was 1.5 years old, non rental, spent 6 months (off and on) looking and keeping an eye on the market before snapping it up the day I saw it for sale.

You don't have to "go new" to get a very nice GC
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  #23  
Old 06-10-2014, 12:00 PM
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Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by balderic View Post
I never said that I couldn't afford the Jeep. I could just about pay cash for it. It would only be about 1/11 of our take home pay. I said that I was having a hard time justifying spending that much money, not just on a jeep but on any car. The problem is, I really want the jeep. $50,000 is just a huge amount of money for me to wrap spending on a vehicle that will depreciate in value so quickly. On the upside, I will probably drive it for the next 10 years or so. One of these days I will have a week moment and buy it, just not sure if I will do it soon and get a 2015 or hold out and wait for the next gen model.

And I was getting the $50k figure by adding options:

Invoice:
Overland - 43940 + 995
Diesel - $4005
ATG - $1776
OR II - $975
DVD - $1776
= $53,467 * .945 (group buy) = $50,526
Well, you could save a few pennies by going for the Hemi instead of the Diesel, where unless diesel fuel in your area is significantly cheaper the cost benefit may not be there. Torque vs horsepower in that equation.

Personally I'd drop the DVD unless you have a rear screen for children, as the DVD takes up the console.

You should be able to easily beat 50K on a hemi/no-dvd, but your priorities may dictate that you get both.

Figure you may want a protection plan for all those fancy gewgaws over the life
of the vehicle, and your local governor is probably gonna want a teeny little bite for
tax and licenses, plus your insurance company might want a bump for such an expensive vehicle.

If it sounds like I am trying to talk you out of it, I'm definitely not. I faced exactly your painful situation with a perfectly good older ZJ in excellent condition to drive.

I crossed that bridge with a spouse who is actually the financially practical one in the family, but once she got a good weekend test of a '14 Overland, it was pretty much down to warning the salesman not to tick her off and it would be a done cash deal. [we both hate car payments]

It may have helped that we also hit the Land Rover dealer, where they sure seemed to be in love with the ones they had in stock.

You only live once, it is one heckuva SUV, and your choices are a nicely optioned one with either that Diesel or possibly the quicker Hemi. Meanwhile, some kid will be able to give your Honda a good home and a fart can exhaust.

If I had it to do over again, I'd consider the black forest green with the tan interior, although I actually like the eco green on the Cherokee better.
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Old 06-10-2014, 12:05 PM
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Re: $50k+ is a lot of money for a new vehicle...

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Originally Posted by chucksc View Post
Derek do you work for MB? The jeep diesel is a mature design and implementation with tens of thousands (maybe even hundreds of thousands) and literally years in the field - oh and you'll note the MB telematics lags the jeep also - but you can pay thousands more to have that star on your grill.



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Lets be fair, you can spend even more tons and get a G-Wagen, or if totally nuts, a 6x6 G-Wagen--both of which with the approximate aerodynamics of a Walmart store.
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