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

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #37  
Old 06-10-2014, 08:33 PM
bill_de's Avatar
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: Sep 2012
Posts: 6,172
Thanks: 318
Thanked 346 Times in 302 Posts
Rep Power: 1801659
bill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

If you read the original post, it is not about a Jeep, nor is it about financing. It is about the posters hang up about spending money.

I always figured it is easy to die rich, just save all you earn. But, life can be a lot more fun if you plan to spend your last dollar on the day you die.

Somewhere in between is the compromise we chose. It's a decision every individual (or family) needs to make for themselves. I don't think a consensus on the internet is the best tool, but I'm old school.



---
__________________

__________________
If you need a shoulder to cry on ...

... pull over to the side of the road!

Reply With Quote
The Following User Says Thank You to bill_de For This Useful Post:
  #38  
Old 06-10-2014, 09:58 PM
Member
 
Join Date: Aug 2013
Location: Boston
Posts: 819
Thanks: 0
Thanked 31 Times in 24 Posts
Rep Power: 73085
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 bill_de View Post
If you read the original post, it is not about a Jeep, nor is it about financing. It is about the posters hang up about spending money.

I always figured it is easy to die rich, just save all you earn. But, life can be a lot more fun if you plan to spend your last dollar on the day you die.

Somewhere in between is the compromise we chose. It's a decision every individual (or family) needs to make for themselves. I don't think a consensus on the internet is the best tool, but I'm old school.



---
Exactly !!

Too much of anything isn't good. Spend a little, Save a little, Work a little, live a little.
__________________

__________________
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
  #39  
Old 06-10-2014, 11:02 PM
Member
My Jeep: 2014 3.6L WK2
 
Join Date: Apr 2014
Location: Rochester, NY
Posts: 115
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 450
redddog has a reputation beyond reputeredddog has a reputation beyond reputeredddog has a reputation beyond reputeredddog has a reputation beyond reputeredddog has a reputation beyond reputeredddog has a reputation beyond reputeredddog has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Dude. Drive your Honda. You're not ready.

You should be posting on a "managing your money" thread.

Not a jeep thread
__________________
2014 Grand Cherokee LTD
Moonroof
8.4" Nav
18" Destination ATs
Built: 4/1/14
Reply With Quote
  #40  
Old 06-10-2014, 11:17 PM
Benn0's Avatar
Premium Member
 
Join Date: Oct 2013
Location: Brisbane, Australia
Posts: 915
Thanks: 10
Thanked 57 Times in 50 Posts
Rep Power: 15979
Benn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond reputeBenn0 has a reputation beyond repute
Garage
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by balderic View Post
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
I hear what you are saying, i had a tough time justifying the new car purchase, but it's worse for us Aussies. I bought a Limited with Diesel, Off Road Adventure II and quadralift for $67k, then threw a whole lot of extras at it, up to about $75k now. And the other side of it is that I actually don't drive all that much, do less than 10,000kms a year.

But we have been saving hard the past 10 years so we can afford these luxuries now, and the Jeep really fit the bill for what I wanted to do (around town driving with the odd off road trip). I could have gone 2nd hand and saved a little, but you only live once, and in the end we could afford it, so we did it.

Anyway, I have come up with a formula of 1 years pay every 10 years on new cars (10%, or a little less with the trade in). So if we make $150k p.a. between us, I spend $75k on her car, then 5 years later $75k on my car, and so on.
__________________
MY14 Grand Cherokee LTD CRD - Deep Cherry Red
Status: Delivered 6th May 2014 - Mod time
Reply With Quote
  #41  
Old 06-11-2014, 03:31 AM
Member
 
Join Date: Sep 2013
Posts: 74
Thanks: 2
Thanked 5 Times in 4 Posts
Rep Power: 461
argue4u is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

Some justifications are:
1. Fun to drive
2. Safe
3. Towing
4. Can take it where most factory SUVs can't go
5. Feels good to be higher up than in an accord
6. You work hard, you deserve it

Reasons not to buy:
1. Not as fuel efficient as other vehicles
2. Lotsa tech and mechanical to potentially have issues with down the road (pun intended?)
3. You want to do major off roading
4. As an investment

The main reason I got mine is because it's fun and I enjoy driving it. I like that it's American. I like that it's fairly capable off road. I like the looks inside and out. Mines a basic unlimited but am very happy with the joy the vehicle provides. If you plan to drive it more than 5 years, I don't see how the purchase could be a bad thing.
__________________
Reply With Quote
  #42  
Old 06-11-2014, 06:35 AM
f1anatic's Avatar
Premium Member
My Jeep: 2014 3.6L WK2
 
Join Date: Jan 2013
Location: Illinoize
Posts: 958
Thanks: 5
Thanked 68 Times in 50 Posts
Rep Power: 158190
f1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond reputef1anatic has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Actually all the guy needs to do is shop smarter: ditch the $4000 Diesel and the $1776 DVD options. I have no clue if the DVD option is really that much but you can buy a few I-PADs, SURFACEes and other tablets for that money. And if he has been driving a 2002 Honda Accord for that long, he really doesn't need towing prowess, hence the diesel. I understand the ORA-II and the Advanced Tech Group - I have those options as well, but they are not critical. And if he wore to get those two packages in a Limited along with the Luxury package, he would save an additional $2000 vs the Overland.

Damn dude, I just saved you some $7700 dollars ! and got you all the essentials that you need, the creature comforts you'll enjoy and all the features you will not use to make your money's worth.

If you want matching reliability of your Honda, do yourself a favor and buy a Highlander. Much less of a truck, much more of a crossover, but better (predicted) reliability.
__________________
Reply With Quote
  #43  
Old 06-11-2014, 08:24 AM
Member
 
Join Date: May 2013
Location: Northern Virginia USA
Posts: 81
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 581
yjbeach is on a distinguished road
Re: $50k+ is a lot of money for a new vehicle...

I'm sure it was said, but didn't feel like reading all the off topic comments.

Buy a low mileage 2012-2013, JGC Overland (like I did). You get a $50K (Window sticker for mine was $47K) vehicle for a lot less. Yeah you don't get the new car smell (however a good detail brings it back) and someone probably farted in it a few times.
__________________
Reply With Quote
  #44  
Old 06-11-2014, 11:58 AM
ChrisOC's Avatar
Member
My Jeep: 2012 3.6L WK2
 
Join Date: Sep 2012
Location: So Cal
Posts: 296
Thanks: 0
Thanked 8 Times in 8 Posts
Rep Power: 131592
ChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond reputeChrisOC has a reputation beyond repute
Back OT, do u really need an overland with all that stuff u mentioned or are you getting all caught up with the car shopping experience. As someone who is also in his early 30s, I couldn't justify the purchase of an overland. I purchased a Larado X, v6 and saved nearly 14 grand and it has all the comforts I could ever want. Leather(well, didn't really want leather, too hot during the summer here in so cal), cruise, 4x4 orii, sunroof, 9 speaker sounds system, and more. From what I have gathered on this site, it's now called a limited or something like that. Either way, shop around, put dealer against dealer to get your best price. Then pull the trigger.
__________________
When life gives you lemons, run that crap over.
Reply With Quote
  #45  
Old 06-11-2014, 05:34 PM
SW03ES's Avatar
Premium Member
My Jeep: 2014 3.6L WK2
 
Join Date: Jun 2011
Location: Gaithersburg, MD
Posts: 1,782
Thanks: 14
Thanked 45 Times in 39 Posts
Rep Power: 1303419
SW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

The bottom line is you have to live a little too. Kudos for being financially responsible, but at what point are you going to start enjoying your life too? Remember your life can end at any moment...if you spend your life saving and scrimping so that one day you can enjoy it...you may very well never get there. i know a lot of people like this, never go out to eat, never go on vacation, drive old beat up cars...so they can look at money in a bank account. I'm not that person, I have my amount every month that I save and invest...and the rest I spend and enjoy with ZERO guilt.

If driving a car is just about "getting where you need to go" and eating food is just about "not starving to death" and your home is about "keeping the snow off of you when you sleep"...what is the point of being alive? Why work to achieve?

Thats not to say that you should just say "**** it" and go nuts...its everything in balance. You have no debt other than your mortgage, you can afford the Jeep...if you want it...get it. BUT...if you get it don't feel guilty about it...enjoy it.

Obviously, I spend on cars...but I derive a great deal of enjoyment out of my cars. Some people belong to country clubs, some people have boats, I have nice cars. Its not about "justifying" it, because buying a $50,000 car is never going to be a "smart financial move", its a luxury purchase and not a practical purchase. It costs a lot...there's no sugar coating that or explaining that away. Some things cost a lot because they're really great. The Jeep is a great value for what it is, but what it is is an expensive luxury vehicle in this trim...no getting around that.
__________________
~Steve~
2014 Jeep Grand Cherokee Overland V6 4X4. Maximum Steel w/ Vesuvio Jeep Brown/Indigo Blue. Advanced Tech Pkg.
2013 Lexus GS350 AWD, Liquid Platinum w/ Flaxen. Luxury & Cold Weather Pkg
Previous Jeep: 2011 Grand Cherokee Laredo X w/Nav, QT1 & Trailer Tow
Reply With Quote
  #46  
Old 06-11-2014, 09:05 PM
dubwarren's Avatar
Senior Member
My Jeep: 2014 5.7L WK2
 
Join Date: Aug 2010
Location: VA
Posts: 1,117
Thanks: 1
Thanked 17 Times in 15 Posts
Rep Power: 0
dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren dubwarren
Re: $50k+ is a lot of money for a new vehicle...

What^^^he^^^said


Sent from my iPhone using JeepGarage
__________________
[SIGPIC][/SIGPIC]
Reply With Quote
  #47  
Old 06-12-2014, 07:02 AM
canistel's Avatar
Member
My Jeep: 2012 3.6L WK2
 
Join Date: Mar 2014
Posts: 59
Thanks: 0
Thanked 7 Times in 6 Posts
Rep Power: 263
canistel is on a distinguished road
Garage
Re: $50k+ is a lot of money for a new vehicle...

The OP sounds quite young yet (the mention of toddler). He has "just" started making a good wage (the mention of 2 or 3 years). The worst thing to do (in my opinion) is drop 50K on a car.

I stand by my original comment; get a used GC (2011+) for just over half price. Or buy another used honda and push it around for a few years yet. If you use your new income wisely, stuff it all away in investments or pay off your mortgage early etc., you will be much better off in life later on. While it's true you may not live past 30 / 40 / 50 / 60, statistically speaking you probably will. (And if you yourself do not live to take advantage of your good financial situation, you always have kids / spouse / family / charity who will appreciate it.)

You will thank yourself later on for the wise financial moves you make when you're younger.
__________________
Reply With Quote
The Following User Says Thank You to canistel For This Useful Post:
  #48  
Old 06-12-2014, 07:57 AM
bill_de's Avatar
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: Sep 2012
Posts: 6,172
Thanks: 318
Thanked 346 Times in 302 Posts
Rep Power: 1801659
bill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond repute
Re: $50k+ is a lot of money for a new vehicle...

Quote:
Originally Posted by canistel View Post
You will thank yourself later on for the wise financial moves you make when you're younger.
But, if you 'stuff it all away' you may just as likely look back with regret for the things you missed out on.


The key word should be 'balance', and I don't mean the balance in your bank account.


---
__________________

__________________
If you need a shoulder to cry on ...

... pull over to the side of the road!

Reply With Quote
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 11:53 PM.


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