Why Are Jeeps So Expensive

As luxurious as a Jeep looks, so is the price. Quite expensive! One will think that getting a jeep will cost just a few bucks since it’s similar to other SUVs. Anyways, it’s worth the price.

In 1987, Jeeps became part of Chrysler, an automobile brand made in America. In the past, they were majorly used for military expeditions. They are the most popular SUVs due to their durability.

In the meantime, let’s dive in and discover the reasons why jeeps are so expensive.

Reasons Why Jeeps Are So Expensive

1. Low Supply and High Demand

Normally, people love to buy Jeeps because of the comfort and luxury it offers. Besides, it has excellent off-road performance. That is majorly why Jeeps are produced in small quantities to keep the demand high. Just as the law of supply states: “The higher the demand, the higher the price.” Thus, making the quantity supplied low.

A middle-sized jeep costs up to $40,000. A Jeep Gladiator, for instance, is sold at over $70,000.

2. History

One of the significant reasons jeeps are so expensive is that they have been in existence for such a long time and have always offered quality vehicles all the while.

In World War 2, jeeps were used to carry machine guns and other weapons. Also, Jeeps were always used mainly by the army because it was lightweight making it easy for soldiers to lift it. In addition, it also served as an ambulance for injured persons. In short, jeeps are all-purpose.

Jeeps weren’t for all men; noblemen mostly used them to maintain their high status. This history is another reason Jeeps are expensive because they played a significant role in past times. Plus, there’s this feeling of brotherhood for all jeep owners.

3. Competition

Companies producing Jeeps have no other vehicle industries competing with them. Besides, most of the jeep parts are produced and sold by the manufacturing company.

Jeeps are the perfect rides that offer premium off-road performance.

4. Popularity

Among other vehicles, jeeps are quite popular. Every year, ceremonies and festivals where Jeeps are displayed and put to use are held.

People are always ready and willing to pay for the Jeep, not minding whether or not the price is high. Generally, customers love these SUV models because of their comfort, versatility, reliability, and many more road capabilities. Plus, they have a good reputation even amongst new car buyers.

5. Improved parts

Year in and year out, jeep manufacturers improve all the vehicle parts to ensure that their users have a fantastic experience using this ride. All newly released models come with one or two newly added safety features or tweaks. For instance, the Jeep Wrangler has provision for mounting a LED light for better view.

Also, some other features of a jeep include anti-roll software, removable head tops and doors, integrated roll bars, a strong axle, fabric seats, and extra equipment that prevents accidental release. In addition, Jeeps like the Grand Cherokee are the only base model cars that give options for V8 or diesel.

Although the Jeep looks luxurious, you’re paying for its top-notch features and excellent performance even in extreme road conditions like snow and ice when paying for it.

6. Versatility

Jeeps are one of the most adjustable and multi-purpose cars with lightweight and up to four-door choices. It can be driven without entryways. Jeeps can be used for almost all purposes and have some common features of other car models.

In addition, Jeeps can be easily driven on any all-terrain tire. As a result, their value outweighs that of heavy-duty trucks.

They are expensive because it is the best off-road car currently available in the automobile market.

Interestingly, Jeeps have different veteran models that allow for customization and alterations on them.

7. Low level of depreciation

Jeeps have a higher value than other SUV models. For instance, the Jeep Wrangler has the longest value-offering time, while the Ford Escape has a meager resale value in the SUV category.

No matter how long you drive any of the Jeep models, it won’t depreciate as other average new cars would.

Finding a Good Deal on a New Jeep

Notwithstanding that the price tags of Jeeps are expensive if you need to buy one, go ahead! However, you’ll need to find the best deal since they are more costly than other vehicles. The best thing could be to go window shopping first to estimate your budget and go for the best deal.

Here are a few tips on how to find the best deal for a new Jeep:

• Search for price incentives and deals from the manufacturer (brand). Most automobile brands offer good deals and pricing on their websites. Also, they offer incentives too.
• You can go ahead to reach out to Chrysler Capital since Jeeps are its brand. They’ll most likely have a list of the best deals that Jeeps are offering. Plus, you could ask their salesperson if you’ll be getting any additional offers if you buy the Jeep through them.
• Most importantly, time matters. Most automobile dealers have the best deals for their newly released model in spring because that’s when they gather inventory for a new brand release. The truth is these cars are still new and will be selling at a lesser price than the new models during summer.
• Another big secret is buying from a retail seller who’s desperate and willing to make sales. This will help you get a good deal for the Jeep you’re about to buy. Besides, you can opt for purchasing a second-hand car because the time it’ll take to buy a new car is longer than the time it’ll take to buy a used car.
• Lastly, you could wait till the holidays to buy a new Jeep since most automobile carmakers seem to have the best deals during this period. You might be awed at the price you’ll pay to get that dream Jeep of yours. Be patient!

Best Places to Find the Best Deals on a New Jeep

With a fast Google search, you could easily find the best places that offer the best deals. You’ll see different search results showing you all the best places where you could get all the best deals and the best time to take advantage of them.

Moreover, you’ll have access to a lot of websites and shops. So, compare them and see which offers better deals. You can go ahead to check media outlets and car websites for the latest models and the incentives their brand offers.

As I earlier stated, you’ll have to be patient because finding a good deal isn’t hard. It’s all about the right time. Besides, it is often said that; ‘the patient Dog eats the fattest bone.’

Frequently Asked Questions

Conclusion

As explained above, there are seven top reasons why Jeeps are pretty expensive – their low supply and high demand, competition, history, popularity, improved parts, versatility, and low level of depreciation even in prolonged use. In addition, they happen to be among the cars with the cheapest cost of insurance and low cost of maintenance and repair.

Jeeps offer value even after being used for a long period. Also, people are always willing to buy, not minding the cost of purchase. However, it’s never out of place to buy a second-hand Jeep if a brand-new one is not within your budget.

Most importantly, before you buy a Jeep, keep in mind the tips on how and where to find the best deals outlined above. You’ll be glad you did.