Used Jeep Wrangler Prices Have Skyrocketed in Virginia
The Jeep Wrangler has been a champion of civilian off-roading vehicles for over three decades as an off-roading beast with a penchant for trail riding, mudding, and mountain climbing. There is no wonder the Jeep Wrangler remains a popular choice for outdoor enthusiasts. However, if you live in Virgina you may want to snag one sooner than later.
Used Jeep Wrangler prices are rapidly increasing in Virginia
Out of all the vehicles available, the Wrangler recently saw the most significant drop in affordability of any model in Virginia.
According to iSeeCars, the Jeep Wrangler is the most expensive used vehicle type in Virginia. The average resale price for used Wranglers soared from $14,565 in August 2019 to $39,671 in August 2022. That’s a $25,106 jump in three years and was 33.7% “above the Used Car Affordability Threshold” in August 2022.
Though prices have gone up, the Wrangler is still an excellent value for anyone looking to own one of these vehicles. The Jeep Wrangler comes with superior off-road capabilities, longevity, and strong resale values, making it a desirable vehicle year after year. Not to mention its rugged good looks!
Popularity influences the cost
The main reason Jeep Wranglers are expensive is because they retain their value so well over time. According to CarEdge, the depreciation rate of the Jeep Wrangler is only 30% after five years of ownership. A 30% depreciation value is much lower than the average for most other used SUVs, making the prices higher than similar models. As a result, a used Wrangler could cost more than a brand-new model of a different vehicle.
Additionally, the Jeep Wrangler is iconic in the SUV world and considered one of the most capable vehicles for off-roading, which adds to its desirability and increases its price tag. For these reasons, used Jeep Wranglers can be expensive compared to other used SUVs on the market.
Due to supply and demand, it’s standard to expect that fan-favorite vehicles cost a little more. But, despite the eye-popping $25,106 price increase, the Jeep Wrangler remains a popular choice for buyers.
Tips for buying a used Jeep Wrangler
Before buying a used Jeep Wrangler, it is important to research what features and options are available for different model years so you can get the best deal on a vehicle that suits your needs. Have a qualified mechanic inspect any potential purchase before fully committing to buying a used Jeep Wrangler. This will help you identify potential problems with the vehicle and ensure it is safe to drive.
Many Jeep enthusiasts install aftermarket parts on their vehicles, so be sure to ask about these before purchasing a used Jeep Wrangler, as they can significantly increase the ownership cost. Also, consider the cost of insurance, gas, and maintenance when setting your budget for a used Jeep Wrangler so that you can spend your money wisely.
Compare prices and options from multiple dealers to ensure you get the best deal on a used Jeep Wrangler. Don’t be afraid to negotiate, as many dealers will work with you to get the best price.
The Jeep Wrangler is one of the most popular and reliable off-roading vehicles. However, due to its popularity and substantial resale value, used Jeep Wranglers can be expensive compared to similar models. Before investing in a used Wrangler, it is essential to research model years, get an inspection, consider aftermarket parts, set a budget, and shop around for the best deal. With these tips in mind, you can make sure you find the perfect used Jeep Wrangler for your needs and budget. Happy trails!