Go Back   Jeep Garage - Jeep Forum > Jeep Platform Discussion > Grand Cherokee - WK2 -

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #25  
Old 06-10-2014, 12:23 PM
Jim_in_PA's Avatar
Premium Member
My Jeep: 2012 5.7L WK2
 
Join Date: Jul 2012
Location: SE PA (central Bucks County)
Posts: 1,961
Thanks: 292
Thanked 90 Times in 73 Posts
Rep Power: 4993
Jim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond repute
Garage
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by DerekH View Post
... but the new diesel in the Jeep hasn't been proven yet. .
That is not really an accurate statement. While the engine is new to the North American JGC market, it's not at all new to Jeep GC globally nor to many other vehicles.
__________________

__________________
2012 Grand Cherokee Overland Summit - Winter Chill with New Saddle interior. 5.7L HEMI V8 - Nitto NT421Q "shoes"



Day-job...Telecom Technical Sales
Avocations...Woodworking, Equestrian, Food
Reply With Quote
  #26  
Old 06-10-2014, 12:45 PM
DerekH's Avatar
Premium Member
 
Join Date: Sep 2013
Location: British Columbia, Canada
Posts: 51
Thanks: 9
Thanked 0 Times in 0 Posts
Rep Power: 509
DerekH is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

There are always issues with new production (the DEF injector wiring is a good example here).

Personally, I just wouldn't spend that kind of money to be a guinea pig.
__________________

__________________
2014 DURANGO R/T
Maximum Steel Metallic| AWD | Premium Nappa leather group | Captains Chairs | Uconnect 8.4 AN | Trailer Tow Group
Built 4/30/14 - 1C4SDJCT0EC501###
Reply With Quote
  #27  
Old 06-10-2014, 12:56 PM
Rumline's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: Dec 2011
Location: Los Angeles, CA
Posts: 260
Thanks: 67
Thanked 35 Times in 23 Posts
Rep Power: 1463
Rumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond repute
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.
Hmm, so you take home $550k per year and are fretting over the fact that cars are not good investments?

It would make more monetary sense to buy nice rental/investment properties and live in a modest house in the country. It would be more cost effective (and probably better for your longevity) to never eat at a restaurant. It would be more cost effective to not take vacations. How do people justify traveling to Hawaii or the Caribbean when there's probably a beach or lakeshore somewhere within a few hours' drive that is good enough? And forget about having kids, talk about terrible ROI!

I'm being sarcastic to make a point. Everybody spends money on "unnecessary luxuries" to some extent. If you and your wife are intelligent enough to hold jobs making that much money you are smart enough to know that spending on luxuries is like taking a calculated risk that you won't need that money to survive the next week/month/year. Just don't go overboard and you'll be good. I'm not sure if this is a troll thread, but if it isn't, you may be too focused on money in your life.

OTOH, if an Accord meets all of your transportation needs then a Grand Cherokee would purely be a luxury purchase for you, and might not be worth it.
__________________

2014 Overland Ecodiesel 4x4 - Adv. Tech - ORA2

Reply With Quote
The Following User Says Thank You to Rumline For This Useful Post:
  #28  
Old 06-10-2014, 05:09 PM
Dan JGC's Avatar
Premium Member
 
Join Date: Dec 2010
Posts: 2,128
Thanks: 7
Thanked 80 Times in 66 Posts
Rep Power: 4582
Dan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond reputeDan JGC has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by Rumline View Post
Hmm, so you take home $550k per year and are fretting over the fact that cars are not good investments?

It would make more monetary sense to buy nice rental/investment properties and live in a modest house in the country. It would be more cost effective (and probably better for your longevity) to never eat at a restaurant. It would be more cost effective to not take vacations. How do people justify traveling to Hawaii or the Caribbean when there's probably a beach or lakeshore somewhere within a few hours' drive that is good enough? And forget about having kids, talk about terrible ROI!

I'm being sarcastic to make a point. Everybody spends money on "unnecessary luxuries" to some extent. If you and your wife are intelligent enough to hold jobs making that much money you are smart enough to know that spending on luxuries is like taking a calculated risk that you won't need that money to survive the next week/month/year. Just don't go overboard and you'll be good. I'm not sure if this is a troll thread, but if it isn't, you may be too focused on money in your life.

OTOH, if an Accord meets all of your transportation needs then a Grand Cherokee would purely be a luxury purchase for you, and might not be worth it.
The 1/11th referred to monthly "take home pay" compared to monthly GC cost...think $1K payment versus $11K after tax (and other deductions) take home pay.

From the first post "Without getting to detailed into my finances, my wife and I make about 4-5 times as much a year as an Overland costs" means $200K-$250K because he said the GC cost $50K. It adds up.
__________________
||||||| 2014 Jeep Grand Cherokee Summit 4x4 V8 in Bright White Clear Coat exterior with Grand Canyon Jeep Brown interior. |||||||
Reply With Quote
The Following User Says Thank You to Dan JGC For This Useful Post:
  #29  
Old 06-10-2014, 06:38 PM
Member
 
Join Date: Aug 2013
Location: Boston
Posts: 856
Thanks: 0
Thanked 33 Times in 26 Posts
Rep Power: 73209
mswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by GCLimited View Post
I would NEVER pay $50,000 for a Jeep...

With that said, I only paid $43,900 for my straight Overland (no extras), and I'm sure others got an even better deal.

I don't know where you're getting this "$50,000" figure for an Overland, and I can't see how someone who makes as much as you say you do wouldn't be able to afford a vehicle at that price.



My wife and I make similar money, I have a kid and a mortage too...but we have no problem with my wife owning a 2014 BMW 328iX Sport...and me owning a 2014 Overland.
I'd never pay $44K for Jeep. I paid $37K. Limited, Tow, and 8.4" Nav.

With that income, $50K vehicle should be no issue though. Unless you have some other excessive debt. Or don't know how to manage your money.

Diminishing returns apply, like with most things. If I couldn't justify the Limited I'd Get Larado and still be quite happy with the JGC.

Depends how much luxury want. There really is a very wide set of price points.

I'd never put my wife or kid in a 12 year old leaky Honda either.
__________________
08-10-2014 Limited 3.6L Red W/Black Int, Tow Group IV, 8.4AN Radio, ProClip, OBDLink/Torque, Zeigler Lifetime MaxCare
OEM: Mud Flaps, Matts, Cargo Liner, Cross Rails
UConnect: 13.48.3 TSB: 21-007-13C (Yippy) Tires: OEM/Nokian
Reply With Quote
  #30  
Old 06-10-2014, 06:53 PM
silvermax04's Avatar
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: Feb 2013
Posts: 1,259
Thanks: 40
Thanked 95 Times in 76 Posts
Rep Power: 2428
silvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond reputesilvermax04 has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
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. It gets me where I need to go, but has a small oil leak that just annoys the hell out of me. I could probably drive the car a few more years if I had to and might anyway. Also, I have a toddler and would love to upgrade to keep him a little safer, not to mention taking it out on camping and fishing trips.
Without getting to detailed into my finances, my wife and I make about 4-5 times as much a year as an Overland costs, but even with that it is hard for me to think of making a $1000 car payment over the next 3 years. I know I would love the new jeep, I went out and test drove one a couple of months ago. My brain just keeps getting in my way of going out and ordering one.
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.



Sent from my iPhone using JeepGarage
every once in awhile in life you need to buy something just because you want it not because it makes sense or you got a good deal or whatever. So live responsibly but just buy something because you want it sometimes.
__________________
Reply With Quote
  #31  
Old 06-10-2014, 07:13 PM
Member
My Jeep: 2011 3.6L WK2
 
Join Date: Oct 2010
Location: San Diego
Posts: 171
Thanks: 0
Thanked 5 Times in 3 Posts
Rep Power: 1896
Uncle Paul has a reputation beyond reputeUncle Paul has a reputation beyond reputeUncle Paul has a reputation beyond reputeUncle Paul has a reputation beyond reputeUncle Paul has a reputation beyond reputeUncle Paul has a reputation beyond reputeUncle Paul has a reputation beyond reputeUncle Paul has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Perhaps lowering your sights just a bit. You can get a pretty nice V-6 Laredo for just over $30k.

Much lower depreciation, and still the same basic Jeep, just without all the options (that you might want, but not really need)

You still get most of what you want, but no payment anxiety (might even pay cash). Invest the left over $20,000 or pay down your house a bit.

Your taxes, registration, fuel, etc will all be less too.
__________________
Reply With Quote
  #32  
Old 06-10-2014, 07:26 PM
Member
 
Join Date: Aug 2013
Location: Boston
Posts: 856
Thanks: 0
Thanked 33 Times in 26 Posts
Rep Power: 73209
mswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond repute
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
Ok, I see you got quite the raise from your first post. From ~$250K to ~$500K.

I guess you can swing those payments now.

This thread is so dumb.

Shoot I could have been checking my stocks and made more money instead of posting here.

~$500k a year with 2002 honda, doesn't add up.

EDIT:

Oh wait, you said take home pay. So you must be up in the $750K gross income range.
~$62K/month gross income and the Jeep is a "Huge amount of money".
Sorry, I can't wrap my head around that.
Or perhaps you just don't do fractions very well.
__________________
08-10-2014 Limited 3.6L Red W/Black Int, Tow Group IV, 8.4AN Radio, ProClip, OBDLink/Torque, Zeigler Lifetime MaxCare
OEM: Mud Flaps, Matts, Cargo Liner, Cross Rails
UConnect: 13.48.3 TSB: 21-007-13C (Yippy) Tires: OEM/Nokian
Reply With Quote
  #33  
Old 06-10-2014, 07:45 PM
Member
 
Join Date: Feb 2014
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 312
balderic is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by mswlogo View Post
Ok, I see you got quit a raise from your first post. From $250K to $500K.



I guess you can swing those payments now.



This thread is so dumb.



Shoot I could have been checking my stocks and made more money instead of posting here.



$500k a year with 2002 honda, doesn't add up.

I never said I made $500k a year. I said we made 4-5 times what an Overland costs a year. I also said my payments for what I planned to put down would be about $1000 a month or around 1/11th of our take home salary per month. Regardless of the fact that we make over $200k a year, I hardly think that allows me to look at $50,000 like it is chump change. We have only been around this salary range for the past 2-3 years. We don't have any debt aside from our mortgage, but we have been concentrating on that the last few years, so our retirement planning could be a lot better. We are only in our early 30s though, so we hopefully have plenty of time to invest. I don't think there is anything wrong with driving a 12 year old car, regardless of what we make a year. It saves me that much more a month in car payments. Like I said, I really want a GC and will probably pull the trigger sometime in the next few months to possibly a year or two out. Like I think I mentioned, I was just curious how people justified spending so much money on a new car, because $50,000 is a lot of money.


Sent from my iPhone using JeepGarage
__________________
Reply With Quote
  #34  
Old 06-10-2014, 07:58 PM
jgc4ever's Avatar
Senior Member
My Jeep: 2012 5.7L WK2
 
Join Date: Mar 2011
Posts: 3,244
Thanks: 1
Thanked 83 Times in 74 Posts
Rep Power: 1160399
jgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond reputejgc4ever has a reputation beyond repute
Garage
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by balderic View Post
I never said I made $500k a year. I said we made 4-5 times what an Overland costs a year. I also said my payments for what I planned to put down would be about $1000 a month or around 1/11th of our take home salary per month. Regardless of the fact that we make over $200k a year, I hardly think that allows me to look at $50,000 like it is chump change. We have only been around this salary range for the past 2-3 years. We don't have any debt aside from our mortgage, but we have been concentrating on that the last few years, so our retirement planning could be a lot better. We are only in our early 30s though, so we hopefully have plenty of time to invest. I don't think there is anything wrong with driving a 12 year old car, regardless of what we make a year. It saves me that much more a month in car payments. Like I said, I really want a GC and will probably pull the trigger sometime in the next few months to possibly a year or two out. Like I think I mentioned, I was just curious how people justified spending so much money on a new car, because $50,000 is a lot of money.


Sent from my iPhone using JeepGarage
Well I bought a 2012 Overland 4x4 Hemi new for $42,800 when the MSRP was only $46k. I traded my 2005 Grand Cherokee Limited in and got $14,250 for it so I really only paid with a one time cash payment $28,550 plus the cost of clear bra, tinted windows, bright pedals, rust protection, paint protection, plus tax and fees. Weather Tech mats, shark fin antenna. And then later added SRT and Altitude parts. Far cry from $50,000. It was a significant amount though and a significant amount of my liquid assets which I haven't yet recooped although I haven't really tried, but I do love this Jeep.
__________________
Reply With Quote
  #35  
Old 06-10-2014, 08:12 PM
Rumline's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: Dec 2011
Location: Los Angeles, CA
Posts: 260
Thanks: 67
Thanked 35 Times in 23 Posts
Rep Power: 1463
Rumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond reputeRumline has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

I think my (and mswlogo's) confusion came from this wording:
Quote:
I could just about pay cash for it. It would only be about 1/11 of our take home pay.
You have two "it"s back to back that refer to two different things. One the cash price of the vehicle and the other the monthly payment of the vehicle.

Anyway, $50k is a lot for a car. I'm not enthused about the new monthly payment, and my wife is even less so, but we'll be fine as we're going to keep the car a long time.

As far as justifying it, we do a decent amount of offroading/dry camping as well as long road trips and I wanted something that is very comfortable as well as very capable, both in off-road ability and towing/cargo capacity. As others have alluded, try finding another vehicle that combines those attributes like the Grand Cherokee that costs less. In the end it's still an unnecessary luxury to have a car this nice, but my wife and I will get many years of enjoyment out of it. (knock on open-pore wood )
__________________

2014 Overland Ecodiesel 4x4 - Adv. Tech - ORA2

Reply With Quote
  #36  
Old 06-10-2014, 08:13 PM
Member
 
Join Date: Aug 2013
Location: Boston
Posts: 856
Thanks: 0
Thanked 33 Times in 26 Posts
Rep Power: 73209
mswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond reputemswlogo has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by balderic View Post
I never said I made $500k a year. I said we made 4-5 times what an Overland costs a year. I also said my payments for what I planned to put down would be about $1000 a month or around 1/11th of our take home salary per month. Regardless of the fact that we make over $200k a year, I hardly think that allows me to look at $50,000 like it is chump change. We have only been around this salary range for the past 2-3 years. We don't have any debt aside from our mortgage, but we have been concentrating on that the last few years, so our retirement planning could be a lot better. We are only in our early 30s though, so we hopefully have plenty of time to invest. I don't think there is anything wrong with driving a 12 year old car, regardless of what we make a year. It saves me that much more a month in car payments. Like I said, I really want a GC and will probably pull the trigger sometime in the next few months to possibly a year or two out. Like I think I mentioned, I was just curious how people justified spending so much money on a new car, because $50,000 is a lot of money.


Sent from my iPhone using JeepGarage
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.

$53,467 * .945 (group buy) = $50,526
You said it right above.

You said I can pay $50K cash with 1/11 of our take home pay.

The math is really tricky here.

11 * $50K = $550K TAKE HOME PAY.

Take home means, after taxes.

So your gross income is probably a good chunk more than that.

You can put your wife and kid in 12 year old car. I said I wouldn't.

The safety features in newer vehicles, and the reliability of a newer vehicle are priceless.

You could have $100K mortgage or $1M mortgage.
You be saving 1% or 30%.
You have to balance your own finances.

People make WAY less than you and justify it and WAY more than you and justify it.
People make WAY less than you and DON'T justify it and WAY more than you and DON'T justify it.

Your talking to the ones that did justify it.

It's rugged, it's comfortable, it looks good, it's reasonably safe and it's a reasonable value for this class of vehicle. At all option levels.

EDIT: I just reread your 2nd reply. Your first reply was poorly written.
You say can pay cash and the very next sentence you switched to car payments.
__________________

__________________
08-10-2014 Limited 3.6L Red W/Black Int, Tow Group IV, 8.4AN Radio, ProClip, OBDLink/Torque, Zeigler Lifetime MaxCare
OEM: Mud Flaps, Matts, Cargo Liner, Cross Rails
UConnect: 13.48.3 TSB: 21-007-13C (Yippy) Tires: OEM/Nokian
Reply With Quote
The Following User Says Thank You to mswlogo For This Useful Post:
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
WK 4" Superlift @ 50k miles RedRocker Off Road Modifications 0 11-02-2013 09:27 PM
When did a V6 Jeep Grand Cherokee become worth $50k? Srt8_hmi Grand Cherokee - WK2 - 55 02-07-2013 11:53 PM
50k service? akimball Troubleshooting/Problems 4 04-28-2012 03:03 PM
Turned 50k today! BlackedOutWK Grand Cherokee - WK 20 08-19-2011 06:33 AM
So the obnoxious $50k Stone White comes home tomorrow Jpjr Grand Cherokee - WK2 - 11 03-21-2011 11:22 AM

Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 03:54 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright 2012 - JeepGarage.Org
The Jeep Grand Cherokee Owners Community

JeepGarage.org is in no way associated with or endorsed by Chrysler Group LLC.