Worth $34,000 less in 1 year! how would you react?

Jeeps don't hold their value. biggest lie on the internet.
I bought this 2023 Jeep Gladiator. at 70,000ish Canadian. interest rates are 7% and after 13% taxes, ext warranty. fees. ect and 1 year of ownership, I owe about $81,000.
So dealers now don't give you a book value on trade-in. They send it to a online auction where people bid on your truck and that is what they give you for trade in, so mine being only a year old got a posted auction value of $36,000 and that's what the dealer will give you on trade in. so 70,000-36000= 34000 lost in 1 year of ownership. I'm not counting the sale tax or the finance cost in this. That is literally the biggest depreciation in the history of automotive I've ever known!
-I knew this would be a long-term commitment. I was curious and well I didn't like what I found. I took my lesson learned, and hopefully, someone else can learn from it
-yes the market is correcting it's self. but dodge has become such an interesting situation. Gladiators/rams are most stolen here in canada, driving up insurance and driving down prices of resale. Who's to blame? if they weren't so easy to steal, we would have better reseal value, perhaps?

-If your interesting in offering me cool jeep accessories just send me a email and I will get back to you

[Lancemechanics]

Reading the comments it seems people didn't even watch the video. I love the gladiator, its a toy. Also people dont understand what the auction is doing. Its a way for dealers to absolutly scew you on resale value. You get low balled so hard on value. They make even more money on your used vehicle. I'm now more worried people can't even listen lol. I didn't buy this as an investment. That's what the coolaid drinking articles the internet spew about wranglers and gladiators. Dealer even has a fancy sheet on 5 year depreciation for these

[duotronic]

Your common sense should have warned you not to buy a jeep for $80k.

[elky]

No vehicle is an investment, it is an expense, period.

[JCS-iw]

“It doesn’t bug me”
“It doesn’t bug me”
“It doesn’t bug me”
😂😂😂😂

[AS-ttui]

Stellantis is going bankrupt. It took awhile but buyers are now realizing Jeeps are overpriced unreliable vehicles.

[curtisbowles]

Who the hell wants to spend $100k on a piece of plastic sitting on four pieces of rubber? Its a vehicle....not a house.

[jbro]

Consumer Reports used to say (30 years ago?) that if you buy a new car you have to keep it 10 years in order to break even. We, the children of the 50's and 60's, were raised with the mantra, "Always live within your means."

[WheelKid]

My 99 4runner was a a good investment, bought it for 5000 and now its worth 8000 and I been driving it for like 10 years

[PeeterPuncher]

$70k for THAT?!...😂 I drive and keep up a 20 yr old truck, I can sell it for almost what I paid for it.

[tja]

I used to work at CDJR. I don’t know how you bought and justified a gladiator for 80k OTD. They’re the most unreliable POS’s ever for long term ownership.

No disrespect of course

[hangfire]

I have 7 vehicles ranging from 15 to 60 years old. A couple are drivers, the rest are nice or project cars. Cash only. Car loans are a trap. There is no shame in driving a beater and not having a car payment.

[natelysy]

As someone who works in the industry, I am very surprised you bought anything new. The way they're made, the cost and the uncertain reliability. I personally don't want any vehicles newer than 2015, even that is pushing it. 2007 and under are the only things meant to last.

[Bill-qc]

You NEVER get your money out of a vehicle. They depreciate. You are young and learning life lessons.

[davesrvchannel]

Dodge: stay away from, to avoid.
Websters Dictionary

[jgboys]

The best thing you are doing is keeping it as long as possible or at least until it is paid off. You don’t want to be rolling negative equity into another vehicle.

[RicerDk]

Most Mopar vehicles are so unreliable making them depreciate so fast. I work next at a dealership that’s combined with CDJR and I see their products needing engines, transmissions, etc all the time even on brand new Rams and Wagoneers. Complete garbage and I tell everyone to stay away unless they got money. Don’t get me wrong, I’ve driven our chargers, Ram 1500, Chrysler 300s, and cherokees all the time for manufacturer training, but they’re not worth a damn nowadays. Chrysler techs aren’t making more than 30 hours a week with the warranty work

[nmusic]

You have one choice, drive it till the wheels fall off, put em back on, go again ! Any new car is a BAD investment !

[onebridge]

No car is an investment unless it’s rare or a supercar. I bought my Gladiator Rubicon 2020 new in November 2019. Don’t care about resell value as it will become not worth anything over the decades I plan on owning it. I know I’ll be ripping the engine out at some point and all the other upgrades I want to use it as a toy more than a daily driver once it gets beat up and old.

[MrOccyc]

This dude needs to start listening to Dave Ramsey.

[JCS-iw]

In 2017 a brought a brand new Toyota Tacoma for just under 30 thousand
7 years and 80 thousand miles later it worth almost 30 grand
lol
And it has been bullet proof. Runs and rides just like the day I picked it up.