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Jeep Wrangler JK
JK General Discussion
Looking to buy my first Jeep
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<blockquote data-quote="BigDaddyinBigD" data-source="post: 429646" data-attributes="member: 17666"><p>Good call. It’s crazy to think of how expensive vehicles have gotten AND how fast they depreciate. Sign the papers, drive It off the lot, and it’s suddenly depreciated by 10%.</p><p></p><p>In my last position, I got a healthy $1,000/month truck allowance. So my last new truck was a black 2018 Ford F-150 4x4 STX Edition. I loved that truck. Then, I got laid off (position eliminated) and though we parted on good terms, my severance package ran out before I found a new job. The $800+ payments were kicking our ass, so heck, let’s just sell it.</p><p></p><p>It was in mint condition; not even so much as a door ding, and still had plenty of warranty. Though I’d gotten it at fleet pricing (the Fleet Manager is a friend), put some money down and financed for 48 months, after 12 payments, I was still upside down (I.e. owed more than I could sell it for). Eventually, we got a a sweet trade-in offer from a Jeep Dealer ($2500 more than CarMAX offered), so we traded it and bought our 2011 Jeep JK. That was definitely a silver lining, but I still had to pay around $1,000 to get out from under the loan....</p></blockquote><p></p>
[QUOTE="BigDaddyinBigD, post: 429646, member: 17666"] Good call. It’s crazy to think of how expensive vehicles have gotten AND how fast they depreciate. Sign the papers, drive It off the lot, and it’s suddenly depreciated by 10%. In my last position, I got a healthy $1,000/month truck allowance. So my last new truck was a black 2018 Ford F-150 4x4 STX Edition. I loved that truck. Then, I got laid off (position eliminated) and though we parted on good terms, my severance package ran out before I found a new job. The $800+ payments were kicking our ass, so heck, let’s just sell it. It was in mint condition; not even so much as a door ding, and still had plenty of warranty. Though I’d gotten it at fleet pricing (the Fleet Manager is a friend), put some money down and financed for 48 months, after 12 payments, I was still upside down (I.e. owed more than I could sell it for). Eventually, we got a a sweet trade-in offer from a Jeep Dealer ($2500 more than CarMAX offered), so we traded it and bought our 2011 Jeep JK. That was definitely a silver lining, but I still had to pay around $1,000 to get out from under the loan.... [/QUOTE]
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Jeep Wrangler JK
JK General Discussion
Looking to buy my first Jeep
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