50 Grand on 2016 GC Overland vs Merc CPO GL450

pheonixjeeppheonixjeep Member Posts: 3
edited August 2016 in Jeep
Hi Gurus,

I am new to the states as well as this forum and i need to get myself a new ride and i think i am at the right forum. I have always liked the Jeeps ( only the

Wranglers and JCs) . Though i just love the Wranglers for their customization and offroading and looks alone, i dont think i would be able to ride them daily 40

miles . So i thought i will move on to the 2nd best the JCs which looks really amazing to my taste. However I have lots of doubts on its reliability and holding value

and maintenance over next 3 years thanks to lots of bad stuff i came across regarding the Jeep reliability. But i really love this car and at the same time dont want

to end up with a bad car either coz i plan to keep it for atleast 2 years. Now i have some other options in CPO which really puts me in a weird situation to go

ahead with my purchase considering the fact that CPOs have already taken their depreciation hit and will hold much more value if i tend to get rid of them in a

year or so. So here are the numbers

Option 1 : In KCMO for a 2016 GC Overland with HIGH altitude package robs me by 45 grand +tags and Taxes. A limited would cost around 35Grand but i like to

have the features you get for an extra 10 which is worth the money IMO.

Option 2 : A Merc CPO 2013 GL450 4matic. costs the same 45+tags and taxes.

Now I know both are so different options yet they both give me what i need a big capable 4*4 with lots of space ,creature comfort and confidence that i can move

my family safely around.

Now here are the 50000 dollar questions and any inputs from the owners of 2016 would be mostly welcome.

1. Is it worth taking a shot and buying a grand new 50Grand jeep ?
2.How much will it hold its value in 2 years and after 3 years ? a straight 50% depreciation or even more ? Put it otherway how many years do i have to keep it for

a breakeven value
3.Practically how reliable are the GCs in real world wrt maintenance,gas,service costs.
4.Weird but what are the chances of buying a lemon ?
5.Is a CPO worth the same value , a good alternative ( its not the brand that i am inclined towards but the product that meets my requirements) as it has already

met its depreciation ?
6.A Mercedes CPO is sure to get me good returns if i sell it in an year or so ?Am i right in assuming so ?
7. I feel a car in US is a dead investment so if i am looking to get the best losses out of both in 2 years which would be my best bet ?

Comments

  • kyfdxkyfdx Moderator Posts: 207,889
    If you are looking to sell the car in three years, then just lease the Jeep, and turn it back in at lease end. Then, your costs are fixed.

    Any $50K vehicle is going to depreciate a lot.

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  • pheonixjeeppheonixjeep Member Posts: 3
    kyfdx said:

    If you are looking to sell the car in three years, then just lease the Jeep, and turn it back in at lease end. Then, your costs are fixed.

    Any $50K vehicle is going to depreciate a lot.

    Thanks for your reply. I thought the first major depreciation happens in first 3 years and after that the rate of depreciation is not as quick. So by that rule wouldnt the Mercedes CPO depreciate lesser than a new JGC.

    Lease is not an option for me because i will be putting in a lot of miles as i travel a lot once in 2 weeks.
  • kyfdxkyfdx Moderator Posts: 207,889
    edited August 2016

    kyfdx said:

    If you are looking to sell the car in three years, then just lease the Jeep, and turn it back in at lease end. Then, your costs are fixed.

    Any $50K vehicle is going to depreciate a lot.

    Thanks for your reply. I thought the first major depreciation happens in first 3 years and after that the rate of depreciation is not as quick. So by that rule wouldnt the Mercedes CPO depreciate lesser than a new JGC.

    Lease is not an option for me because i will be putting in a lot of miles as i travel a lot once in 2 weeks.
    Most cars at the same price, depreciate at the same rate..

    So, a new $45K Jeep will likely depreciate at the same rate as a used $45K Mercedes.

    Edmunds Price Checker
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  • pheonixjeeppheonixjeep Member Posts: 3
    kyfdx said:

    kyfdx said:



    Most cars at the same price, depreciate at the same rate..

    So, a new $45K Jeep will likely depreciate at the same rate as a used $45K Mercedes.

    Wow.. this is interesting. I was always thinking the other way. Thanks for your inputs.

    3-5 years down the line which do you think will hold more value ? A V6 GC or a V8 GC. I would also like to know any known issues with V8s which should concern me. I like the V6 but the V8 is the power i always want in a big SUV.
  • kyfdxkyfdx Moderator Posts: 207,889

    kyfdx said:

    kyfdx said:



    Most cars at the same price, depreciate at the same rate..

    So, a new $45K Jeep will likely depreciate at the same rate as a used $45K Mercedes.

    Wow.. this is interesting. I was always thinking the other way. Thanks for your inputs.

    3-5 years down the line which do you think will hold more value ? A V6 GC or a V8 GC. I would also like to know any known issues with V8s which should concern me. I like the V6 but the V8 is the power i always want in a big SUV.
    I'm not that great of a prognosticator. Check pricing on 2013 models, right now.

    Edmunds Price Checker
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