#9 on the list. I wish I could convince myself I needed #1 on the list...
https://blog.iseecars.com/new-cars-kept-longest/
https://blog.iseecars.com/new-cars-kept-longest/
Just remember there's a huge difference in how long you keep vehicle and resale value after that amount of time. Get that Grand Cherokee and watch the resale value plummet. Just something to think about.
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The Grand Cherokee is exactly one year behind the 4Runner (7.8 years vs 8.8 years) for length of time kept by owners, which would be surprising if they were truly as problematic as people here make them out to be. And the Grand Cherokee actually edges out the Tacoma (7.7 years).
Interesting information.
I've been seriously considering a new Grand Cherokee since Toyota doesn't seem to want to update the 4Runner any time soon apparently. The Grand Cherokee is exactly one year behind the 4Runner (7.8 years vs 8.8 years) for length of time kept by owners, which would be surprising if they were truly as problematic as people here make them out to be. And the Grand Cherokee actually edges out the Tacoma (7.7 years).
There is a difference between being 'kept' by owners and being 'stuck with' it. Most people aren't going to trade out of something they are upside down on.
I know someone who traded in a 1.5 year old Overland that he paid 48k for. He got 33k out of it and it only had like 18k miles. Most people probably don't want to end up eating that much of a loss so they just finish off the loan.
My sister bought a 2013 Grand Cherokee overland - a lot of awesome technology, really a beautiful Jeep. She's had it for about 4 years now and has about 120K miles. No major problems but I think most new cars won't see many issues until 100K miles, So I'm interested to see if her's starts breaking down on her.
I was undecided between the Grand Cherokee and T4R for months, knowing that I could get the Jeep probably a bit cheaper than the T4R. But I was also looking long term, as it was going to be the first new vehicle I've ever purchased. That's why I ended up with the T4R. I hope their reputation of reliability pays off for me.
Interesting information.
I've been seriously considering a new Grand Cherokee since Toyota doesn't seem to want to update the 4Runner any time soon apparently. The Grand Cherokee is exactly one year behind the 4Runner (7.8 years vs 8.8 years) for length of time kept by owners, which would be surprising if they were truly as problematic as people here make them out to be. And the Grand Cherokee actually edges out the Tacoma (7.7 years).
I sold jeeps for awhile. Grand Cherokees lose value bad. Traded people out of a summit and they had lost $20k in 2 years and 18k miles. They are more tech advanced but I am not willing to take that hit.
My brother just traded in his Grand Cherokee Overland at 3 years old and 35,000 miles and he got $32,000 for it. He paid $44,000 for it originally, so a $12,000 hit over 3 years. That's not bad. And he still got $7,000 off of MSRP of his new Jeep. So he basically traded his old Jeep plus $10,000 for his new Jeep that had a sticker price of nearly $50,000.
Check out the reliability matrix on dashboard light to see one of the major factors contributing to this: Toyota 4Runner Reliability - Dashboard Light
I love checking this stuff out, but when someone starts telling me a JGC or JW will last longer I just point to this. The Jeep stats here: Jeep - Dashboard Light
The salesman did not want to embarrass him and also needed the sale.
They will have a hard time trying to get $32k for it.
Maybe that's true, but that doesn't matter to my brother. He still got a decent price for his trade and a seemingly decent price on his new vehicle. So the trade value proposition seemed to work well for him. He's had I think 4 Grand Cherokees in a row now and I don't think he ever got crushed on a trade in. But this last one just seemed like a really good deal for him overall on both ends. I'd be happy to only "lose" $12K on a 4Runner after three years of driving it. And even more happy to get $7K off sticker on a new one at the same time.
There is a difference between being 'kept' by owners and being 'stuck with' it. Most people aren't going to trade out of something they are upside down on.
I know someone who traded in a 1.5 year old Overland that he paid 48k for. He got 33k out of it and it only had like 18k miles. Most people probably don't want to end up eating that much of a loss so they just finish off the loan.