What would hold value the best?

[brocotect]

He could, but you can’t exactly drive around in burnt money. He’s looking for a stop gap to get him through until he can get his Bronco as a late reservation holder I’m not certain your recommendation of buying a Wrangler is going to get him any closer to that goal. I’m not sure of what the 2 year depreciation on a new Wrangler would be, but he would certainly take a big loss with that option as well.

Wranglers have one of highest resale values of any vehicle on the market.

A lease option has ZERO return on investment.

He asked what had the highest resale value.

That aside $400 a month on a $26k vehicle is just stupid. He could get any number of other vehicles for that price on a lease for under $200 and have more my is his pocket at the end of the term.

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[AcesandEights]

Yep, you can lease a Tacoma TRD Off Road for $259 or 4Runner for $329. There is cash down that would be due, but I know someone that was able to lease a 4Runner, pay the whatever it's called, residual maybe, and sell the vehicle for more than they paid. They made a couple grand on a leased 4Runner. Used 4Runners are selling for a couple thousand less than new here, so it ends up costing you a couple hundred bucks a month to drive a new vehicle, as capable as a Bronco, for a couple years.

A Corolla is $189/mo.

 

[Toccoa]

Anything Toyota. Won’t be cheap to buy, but you’ll get it back. Can’t go wrong with an old Tacoma or 4Runner.

 

[WyoBronc]

Wranglers have one of highest resale values of any vehicle on the market.

A lease option has ZERO return on investment.

He asked what had the highest resale value.

That aside $400 a month on a $26k vehicle is just stupid. He could get any number of other vehicles for that price on a lease for under $200 and have more my is his pocket at the end of the term.

Obviously, that’s not what you would do, and it wouldn’t be my first choice, and I did say “perhaps a lease option” but it works for a lot of people because it prevents them from being upside down due to depreciation when they go to trade in on a new vehicle In a year or two. The Wrangler will lose about 30% value in 5 years, with most of that in the first couple years.....most cars are not investments and if you can tread water a couple years without losing money at the end and have a lower payment for those couple years, that’s not a stupid option for some. It’s just an option for him, not you, and he can take it or leave it......not sure why it got your panties all in a bunch.

 

[brocotect]

Obviously, that’s not what you would do, and it wouldn’t be my first choice, and I did say “perhaps a lease option” but it works for a lot of people because it prevents them from being upside down due to depreciation when they go to trade in on a new vehicle In a year or two. The Wrangler will lose about 30% value in 5 years, with most of that in the first couple years.....most cars are not investments and if you can tread water a couple years without losing money at the end and have a lower payment for those couple years, that’s not a stupid option for some. It’s just an option for him, not you, and he can take it or leave it......not sure why it got your panties all in a bunch.

How does it feel to be so confident and so wrong at the same time?

 

[AcesandEights]

Someone said panties.

 

[WyoBronc]

How does it feel to be so confident and so wrong at the same time?

I must humbly admit the suggestions others made regarding buying already depreciated /used Toyota 4Runners, or other Toyota’s are much better options or the OP than my suggestion. And a much better option than buying a new Wrangler, or new anything else probably. I do hate being wrong

 

[Rubisquatch]

I think you can lease a Nissan Sentra for around $130 a month, not My favorite ride but could be cheap If leasing is an option

 

[Erock]

Look in the members selling thread... 2 white broncos in there ... just a thought

 

[Tonka1]

Toyota, Honda and I hear the Jeep Wranglers hold their value well.

 

[Rick Astley]

Two available options few people consider:

• Lease Take-over. There are people shopping their leases towards the end of them that have a few months left but have already gotten into something new/different. There are sites that facilitate this. Just be sure they are on the hook for however much mileage is on the car when you take over.
  • Have had some friends do lease take-overs and it worked out well.
    
• Monthly car rental from a car-rental shop such as Hertz or Enterprise.
  • They were hit HARD from lost revenue during covid and you can negotiate a monthlong or month-to-month car rental from them which won't be cheaper than a $189/mo lease, but is has zero liability and zero overhead. Simply hand the car back at the end of the month you get your Bronco. There is some value in that.
  • A friend is currently on a $350 a month unlimited mileage rental while his employer gets a new fleet vehicle to assign him. He's putting about 5,000 miles a month on the Hertz rental so it's a great deal in terms of out-of-pocket expenses.

 

[Used2jeep]

Someone said panties.

"In a bunch"?

 

[Jakethesnake]

Just about anything Toyota/Lexus . I bought a Lexus gx470 when my son crashed one of our cars and from what I’ve seen the values are getting stronger because 4runner prices are stupid high right now.

 

[WyoBronc]

"In a bunch"?

Well, I don’t have any personal experience with that situation, but I’m told it happens.

 

[Used2jeep]

Well, I don’t have any personal experience with that situation, but I’m told it happens.

EVERYONE picks a wedge at some point in their life.

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