Holy Residual Batman

[Sponge]

The residual value Jeep is giving on the premium trims are awful. You can Lease a BMW X7 or an Escalade for the same! 😳😂

I bought an 05 WK Limited Hemi (top of the line then) new when they first came out and lost my arse on trade in…these WL’s are just as bad if not worse.

I am trading in a 2019 Expedition and will have only lost 15% value on trade in 2 years. Now this is strange time with Covid trade in value because residual was 64%.

Regardless Jeep has seriously over priced these Summits and Overland’s or have big plans for incentives because residuals are in the low 50% range!

 

[Callander]

Yes and no. I think the V8s will keep values like most do unless really high gas prices hit. Value is a market issue of supply demand. A normal jeep cheeroke none v8 will lose 50% in 3 years.

The new Jeep "Grand" Cherokee L will lose also just funny math here I think 30% in 3 years on upper trims 4x4 and 40%+ on lower trims. It also depends on people trading them in, being completely suckered into bad trade in values. Don't forget the Grand upper trims are not a liberty, renegade, or normal Cherokee.

Right now prices are all over the placed for trade ins. The 3rd row luxury segment is overpriced and production is limited. It's price point is a bit higher but it's a good when compared with features, try taking a x7 on a trail ride. 100k+ similar loaded.

Like most I hope that jeep GCL also keeps its pricing in line and They do not offer huge incentives, which also effects value. 🤔incentives are good but if 10k comes by the end of the year.. guess what your trade-in just went down 15k.