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I used to have a 99 Wrangler and the consensus on Jeep forums was that any Jeep in running condition is worth at least $3000 no matter what model year. Nobody is going to give away a CJ just because it is 40 years old. Not sure if this rule holds for just the Jeep.
Obviously, a vehicle will depreciate in value as it becomes older. Few vehicles will depreciate linearly, however. That is, most vehicles do not lose their value steadily over time, but rather, will lose value in pieces. For example, a new car will typically depreciate by about 20% within the first week after its purchase. For this reason, used cars that are less than a year old will sell for about 80% of its purchase price. For this reason, someone selling used cars will try to avoid selling a used vehicle that is less than a year old.
On the other hand, used car prices also have a point where they seem to stop depreciating, or “bottom out”. For example, used car prices for 95% of vehicles over ten years old are usually between $1500 and $2500. This is regardless of the original purchase price of these vehicles. For this reason, people looking to retain some value in their used cars would not want to sell them at this point in the vehicle’s life cycle. Figuring out when to sell a car depends a lot on the financial goals of the individual selling. To determine the best time to sell, it is first necessary to determine if the goal is to get the maximum amount of usage from the car, or sell it for the maximum amount of value. To get the maximum amount of value from a vehicle, a person will need to drive it until it’s expected maintenance costs exceed its total value. Since used car prices are typically stable after ten years or 80,000 miles, a “use value” seller would want to keep the vehicle until at least one of these milestones has been reached.
I used to have a 99 Wrangler and the consensus on Jeep forums was that any Jeep in running condition is worth at least $3000 no matter what model year. Nobody is going to give away a CJ just because it is 40 years old. Not sure if this rule holds for just the Jeep.
Old Jeeps are incredible, HappyRider . . .
There does not seem to be an end to the increasing value of my 1986 Jeep CJ-7 (the final year for AMC prior to the Chrysler's takeover). I am always amazed at the offers I receive from total strangers who just walk up and start chatting.
I paid a whopping $7,000 way back in 1999 when it had about 60k miles on the odometer and I could easily triple that amount for what is basically a well maintained, "original" CJ-7 with a little over 108k miles.
I got a old diesel Ford and I have had people offering me 12-14k to buy it. The damn truck new was only 28k. But yeah at some point if it's running no matter the age it's worth $500-$1000.
Jeeps keep their " value" because they have one hell of a marketing strategy. And considering a new fully loaded Wrangker can run over 40k it's cheaer to buy used even with a higher asking price. While they are fun to drive I wouldn't consider Wranglers good all around cars.
I don't get the abnormally high resale value of Jeep Wranglers. The only way they really stand out is off road capability which isn't a necessity to most people unless you live on a farm or in serious back country.
They're not exotic or produced in extremely limited numbers like Ferraris or McLaren vehicles. It's just another mass produced vehicle.
It’s one of those things you have to get out of your system. With the top down and sunny days they look oh so sexy. But then I have a motorcycle too and the two were competing for riding time. The bike usually won.
the old Jeep Cherokee XJ 4.0L I6 also seem to of bottomed out and are appreciating much like the Fox-body Mustangs esp. the later mid model refreshed 1997-2001 model XJ jeeps.
Also 1st and 2nd Gen 12-valve 5.9L Cummins Diesel Ram 2500/3500 and Ford 1994.5-1997.5 F250/F350 with the 7.3 Power Stroke Diesel sell for a premium on the used market as well.
the old Jeep Cherokee XJ 4.0L I6 also seem to of bottomed out and are appreciating much like the Fox-body Mustangs esp. the later mid model refreshed 1997-2001 model XJ jeeps.
Also 1st and 2nd Gen 12-valve 5.9L Cummins Diesel Ram 2500/3500 and Ford 1994.5-1997.5 F250/F350 with the 7.3 Power Stroke Diesel sell for a premium on the used market as well.
Finding a unmolested good condition XJ is like finding Bigfoot. Most have been hacked beat and battered. A clean model will run you 7k or more.
The mid 90s F series diesels go for average of 9k around here. With a 2-3k spread depending on condition.
Jeeps here are a dime a dozen. Asking prices are high but lots of them sitting until the price gets inline with the market. Lots of times its sellers who think their jeep is worth it's weight in gold, where it's really not the case.
There are a few whacked out sellers who have these I rely modified Jeeps thst are spotless mall queens and have in the clouds asking prices.
I feel the marketing is what sells Jeeps. We have fun vehicles. They aren't particularly comfortable quick good handling, or get good gas mileage. I feel the aura of a Jeep is why people desire one. It's because it looks like it's fun. You're cool and popular when you drive a Jeep. Marketing is what sells Jeeps.
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