Used Jeeps Cost as Much as New Ones
We have this preconceived notion that used vehicles are much cheaper than new ones. Maybe it’s because we are so used to bargaining for used vehicles that we somehow think it would be better for our wallets to look for used cars that are still in good condition. Often times, we want to purchase well known car brands because they provide quality products and are famous for their designs. Jeep is one of the most popular automotive companies that offers high-quality products sought out by hundreds of thousands of people all around the world. There are tons of people that would rather buy used Jeeps since they can barely afford buying a brand-new Jeep.
Jeep’s Used Cars
Jeep has been one of the most consistent automotive companies when it comes to SUVs, so much so that when people think of SUVs everyone probably thinks about a Jeep – along with its high prices. Jeep is one of those companies that holds its value pretty well, meaning the price of the vehicle is less likely to drastically drop. An example of Jeep’s long-lasting series when it comes to price is the Jeep Wrangler Unlimited. The Jeep Wrangler Unlimited is the slowest devaluing vehicle in one-year studies. One of the numerous things the Wrangler is popular for is holding its value exceptionally well, yet it will be intriguing to see the end result for the estimation of used Wranglers now that the new JL model is out.
What is the Difference Between New and Old Jeeps?
There are many instances where the prices of old and new versions of a certain type or brand of vehicle don’t differ very much. As mentioned above, these vehicles hold their resale value pretty well due to their good condition and low devaluing. This is due to factors such as a shortage of used cars, accurate forecasting, inventory levels, and the purchasing preference of consumers.
Usually, the preference of consumers is the largest factor when it comes to resale value. In the case of Jeep, it has cemented its brand as one of the most iconic automotive companies in the industry, producing high-quality and sleek vehicles that cater to the taste of the people. Also, its popularity is handed down generation to generation, ensuring that the company stays at the peak of the game.
The Jeep Wrangler Unlimited
The Jeep Wrangler Unlimited has a difference of 8.9% between new and used products, having only a $3,199 difference within a year of its release. It’s pretty evident that the price difference between the new and used Jeep is minimal to the point that buying a new Jeep would prove to be the better option.
With that being said, let us think twice about buying new or used Jeeps because of their price difference. Whether you’re on a budget or not, used Jeeps really cost a fortune because they devalue slower in comparison to other brands. But true fans of Jeep won’t let this stop them from going to a store that offers new and used vehicles to buy them, since they both contain that Jeep quality everyone seeks out.