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So what's going to happen to '11-'13 values when '14 comes out?

6K views 45 replies 32 participants last post by  JGCCAYENNE 
#1 ·
First off, hello all.....proud owner of a '12 Laredo X Hemi here and just stumbled across the forum while researching the '14.

I've only been able to pick up bits here and there in other threads on this issue so I decided to start a new one.

1.) What do you think will happen to the value of the '11-'13's on the road as soon as the 14's hit the lot?

2.) How about all those new '13's sitting on the lot.....will deals be there for the taking immediately next month?

Thanks!
 
#2 ·
How long is a peice of string

Only time and market force will decide that outcome
 
#3 · (Edited)
Dealers can ask what they what. It's up to public as to what they are going to pay. Its up to JEEP if they offer rebates, loyalty cash etc. Here's an example in my area. Its been here for 6 months... LINK didn't work . It was a 2012 overland 4x4 Hemi price was nearly $38


Link doesn't work. See link in post #7. 2012 GC 4x4 Overland asking nearly $40,000. This dealership is local and don't deter from the asking price. NO full gas tank, no nothing...the price is what you pay although they may discount down the road...depending on how long it sits on the lot.
 
#5 · (Edited)
It will hurt the values a little bit, but I dont think it would be anywhere near as bad as when a completely new generation comes out. Yes I know the 2014's have some pretty signficant changes/updates/improvements, but its still technically a WK2. So I would say the 11-13's will still hold their value relatively nicely, however to a buyer who is very familiar with the Grand Cherokee's and knows exactly what they want, it will have a pretty significant impact. To the average car buyer they might not even know or care about the differences so it would be minimal. If your a 11-13 owner who plans on purchasing a 2014 then obviously for the absolute best return on that vehicle you will want to sell it pretty soon. I sold my 2012 Overland a couple months ago and I know first hand that they are HOT vehicles. I had a TON of interest on that vehicle and it sold for 100% my asking price. The buyer didnt even negotiate and it sold for what I bought it for new minus taxes and dealer fees. I did VERY well on that vehicle. I put 9,200 miles on it and had it for about 9 months. From my experience the WK2 Overland was easy to sell!
 
#7 · (Edited)
#8 ·
Supply and demand..
Some people will buy a used car even if it isn't more practical than buying new. In their mind used always equals the better deal. The 11-13's will do fine IMO. Its when 14's hit the used lots they might fall some . Some people have a budget of $20k used and that market might not even be there for them yet.
 
#10 ·
Based on the past, not much. People still pay decent money for the WK, and its now 1.5 generations old and a massive step backwards from the WK2.

The majority of consumers won't know there's any difference except that the newer ones are uglier. So the 14s won't be worth any more than normal age difference form a 11-13.
 
#11 ·
Based on the past, not much. People still pay decent money for the WK, and its now 1.5 generations old and a massive step backwards from the WK2.

The majority of consumers won't know there's any difference except that the newer ones are uglier. So the 14s won't be worth any more than normal age difference form a 11-13.
Fauee .. you made another funny.

All I have to say my second girlfriend was hotter than my first GF ... it just takes awhile to realize the old GF was actually a dog. We just don't like to admit those things.

;)

.
 
#13 ·
Well if it is anything like when I got my 08', there could be some discounts...the 08' was a weird model run as the made some minor interior/exterior changes over the 05-07' but changed to the VVT in the hemi in 09'. Sticker on my Jeep was $42,xxx (2wd Hemi ltd, purchased 12/2008) and I got it OTD for $33k. I am going to hang around a little more and see how cheap I can get a 14' when the 15's come out :)
 
#21 ·
I don't worry much about the value of cars. Once you drive them off the lot you've lost a ton of cash, just bend over and it take.

These days I don't drive much, and I have the jeep and a truck to choose from. The truck will mostly remain my daily driver. The jeep won't get much use, so it will remain in the family for some time.
 
#23 ·
I have followed the values every since I purchase my 11 Laredo X in November 2011. And as we all know you take the initial hit in depreciation but the values have actually gone up in the past few months. I have checked this several times through NADA which I know is only one source and will vary by region. But in my area retail on my ride has gone from 30K to 32K and trade from 25K to 27K. Also just saw a report yesterday that used vehicle values have been on the rise since 2008.
 
#29 · (Edited)
Just traded in mine for $35,500 when ordering the new '14. Fair price considering it had minor rear end damage on the vehicle history report. 2012 Overland 4x4 - 14k miles with no additional options if any are interested in what you might get. Got the new '14 with 1% under invoice as well. No ground breaking deal here, but I was happy with it.
 
#30 ·
Sounds like a fair deal to me. People online (not just in this forum) often talk about how much under invoice they got on the new vehicle but don't mention that they also got bent over on the trade, or on the interest rate, or on the finance office add-ons, etc. Sounds like you did well. Which engine did you pick this time?
 
#31 ·
Went with the V6 again, wanted the diesel but just couldn't bring myself to pony up the coin to get it. I'm more than happy with what I have now and the 8 speed should make it all the better. I only tow 1k lbs and work from home, so the V6 fits the bill just right.
 
#32 ·
Why did Jeep release the 2014 so early in 2013? I know new cars come out in sept/oct usually. I got my 2013 in October and they were still trying to get ride of some 2012 and I think that is normal, but February of the prior year??
 
#33 ·
....cuz they are using the Mayan Calendar and needed to get the new model out before the end of the world since we'll need the 2013 WK2 for when that happens.
 
#34 · (Edited)
I got an awesome deal on a 2013 last night. The dealer had more than 40 2013's on the lot, I traded in my 2011 Patriot with 25,000 miles, and it was nearing the end of the month. With all of that, the sales manager really worked to make a deal. I got exactly what I wanted, and at 4% below invoice. I also negotiated an additional $1,500 on the Patriot trade-in. YMMV. I know some of you may have wanted more off invoice, I was satisfied with the deal and I got out of a lease early because of it (otherwise I would have incurred overage and possible damage fees).
 
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