Myth #101: Your Patriot will hold it's value

jack.allwardt · Jul 27, 2008

In regards to "Myth #101: Your Patriot will hold it's value", I have to add my two cents worth in favor of the rest of the responders...and that is "math 101"

Comparing apples to oranges is never going to win any arguments. Sorry you feel you've lost out, but most of the rest of us are happy with our Patriots--and for your information, I'm getting around 26 average here in the triple digit weather here in the central valley, but my foot is light!

I remember a co-worker that bought a new car--make and model not important--but he basically updated his ride for a newer one of the same make/model, based upon some dealer incentives, and decided to sell his two year old car himself rather than trading it in--"after all," he exclaimed, "they'll screw me on the value!" Well, that was August 2001, and we all know what happened that next month and what happened to the economy! He put his rig up on ebay and got 1/2 of what the dealer was going to offer. We can't always predict the future, but we should learn from the past--that being, this has been a soft economy for several years now.

WhatARiot · Jul 27, 2008

Who said pats will hold their value? They have incredible incentives for buying new, which decrease the value at trade in. This is not a vehicle you buy and trade in a year later, and in all reality, if it was exactly one year before, and you knew you weren't going to keep it, you should have gotten an 08' they were availible....

Next thing you know you'll claim Mexicans are trying to steal our land... oh wait....

Jeepster, smart cars are showing up on used lots left and right. The ride sucks, and the MPG isn't as great as you might think. And its so small, if anything hits it, it'll flip or just disintegrate. Basically if you put a box around a lawn mower, you have a smart car.

Wait for the toyota IQ. It should have a better ride, and less wait.

Stew · Jul 27, 2008

Talk about bad resale, there is a lot here that has a TV show, they are constantly buying 1-2 year old Impalas and Grand Pris and selling them for 13-14k with LOW mileage and these are 22k-24 cars when new. They have had a few 04-05 Explorers (decenly loaded models with low mileage too) that are selling for 9995, and yes, there is no 1 in front of that. Imagine, a 30k SUV 3 years down the line and probably getting what, 6-7k in trade in? the market is SO soft right now it's insane so IMHO, 14k isn't too bad, remember they have to be able to resale the vehicle and make money off of it. Good luck whatever you decide and sorry if I got a little heated earlier.

Wheezy · Jul 27, 2008

Did anyone really think that a Chrysler product would hold its value well when they're made so cheaply?

Stew · Jul 27, 2008

Wheezy said:
Did anyone really think that a Chrysler product would hold its value well when they were made so cheaply during the Daimler Chrysler era and we are still stuck with their designs?

Corrected that for you, the 90s Chrysler products we have had were all great vehicles, my dad's LHS never gave him 1 issue (and the thing is still on the road with over 200k miles with it's current owner), my dad's 96 Cherokee has nearly 200k on the clock and is holding together just fine and my brother's 99 Dakota R/T (though as of now it has aftermarket suspension, fully built transmission, and a fully built 426 stroker) has no squeaks and rattles and has held up to all the abuse (and their has been A LOT) just fine, the interiors were as good or better than comparable vehicles offered at the time, and they were put together well, until the reign of Daimler........

Anyways, does any Domestic car, besides maybe the Terminator Cobras or GT500 and possibly SRT-8 versions of the Challenger? What I think is fun is that Americas Sports car, the Corvette holds it's calue rather terribly, you can get 04 Z06s for the 25k range now, the funny thing is the 04 Cobras, which were about 3/5 the price of the Z06 when new carry the same price which is just excellent no matter who makes it, but when you can get an 07 Impala LT with 15k miles for 13,995, an 06 Fusion for 12k and 06 Charger R/Ts for less than 20, well......

bohemius.sr · Jul 27, 2008

...here is my story. I bought 1992 Cherokee for $13k OTD and trade it in with 125k miles in 1999 for $4.5k! I think that was pretty good deal from my side, and I believe that dealer was not loosing money either. I buy new cars and keep them till I like some new more. This is my 3rd Jeep and I like it the most of all other ones! When you want to change car every year you have to own dealership or have the money to take your loss! If none of above is true you have to live with is!?

1inchgroup · Jul 27, 2008

Wade said:
Folks, I'm not defending anyone's comments, just stating that we can discuss this without being abusive. I do see where some are allowing their loyalty, and lack of same, of the Patriot, to heat up the thread, so, please, LET'S KEEP IT CIVIL.

No worries...I don't take this stuff as seriously as some others do. Let 'em say what they will. I'm criticizing the vehicle, not the people that bought one...some don't get that. They'll get over it.

Interesting that the FJ looks a lot like what we all thought the Patriot was going to look like with the aftermarket parts. Aftermarket never came through, another disappointment in the vehicle.

The Vaporware SEMA Patriot

The Stock FJ Cruiser

Peyton · Jul 27, 2008

I absolutely loathe my Patriot but the FJ Cruiser is... Well I like it about as much the next guy likes the PT Cruiser or HHR. Something about the FJ Cruiser just screams "LOOK AT ME, I am a pompous ass".

If you are interested in a crossover that is not a Jeep; then you might want to consider something like a Nissan Murano, Saturn Outlook, Honda CR-V, Subaru Tribeca or if you want something priced closer to the Patriot's cost then you might consider a Hyundai or Kia they have comparable models in the price range.

ChiefWilnel · Jul 27, 2008

ilflyya said:
! Right now, many Jeep dealerships can't keep the Jeep Patriot on their lots.

I dont know, I went to my local lot in Benton, seemed to be quite a few there, I didnt bother counting, I guess about 15 or more. They even had a surf blue sport with aluminum wheels and sunroof that I wanted. I am waiting on the 09's and my bonus check.

2008patriot · Jul 27, 2008

1inchgroup said:
So, continuing with my Patriot bashing...this time on the vehicle actually holding some of it's purchase value. This may hurt some feelings, but I don't drink the Patriot Kool-aid...it is what it is. Read 'em and weep.

2007 Trail Rated Limited CVT2, etc...etc. 23000 miles.

Dropped by the Toyota dealership to take a look at the FJ Cruiser and see if I could get out from underneath this Patriot before the warranty expires (not that the warranty has been of any actual use, as I've said before....Chrysler sucks). While the sales manager was taking the 4cylinder rattling flappymobile out for a test drive, I jumped into an FJ and took a little spin.

2 seconds after I started driving the FJ, I realized what a horrible mistake I made buying the Patriot. The FJ takes bumps smoothly (nice and soft), without that hard jarring the Patriot does even in driveway gutters...it accelerates smoothly and has power to spare at 70MPH. Compare that to the Patriot that, when floored at 65MPH, does nothing but redline....all this for a loss of about 2 MPG. The blind spots are pretty bad, but nothing worse than the Patriot was to get used to.

So I get back to the dealership and the manager had finished with his trade in estimate. Keep in mind I walked out of the Chrysler dealership a little over a year ago after writing a check for 24 thousand dollars and some change.

What's his estimate?

14,000 trade in...for those of you that are math challenged...that's a $10,000 drop in one year.

Patriots hold value about as well as their dome lights hold water, as well as their hinges hold the hood, and as well as the Patriot accelerates to freeway speed.

1- dealer trade in is junk
2- you paid about 7,000 more than you should have to begin with, sorry.
3-you bought an 07 which is what I would call a bad year as many had serious leaks.
4- you got ripped off when you bought your pat
5- you are getting ripped off again with the new vehicle and the trade.

try going to edmounds and other places and find the invoice price.
take about 10% of that price. That is your starting offer.
Use online methods to contact all dealers.

I got my 08 sport using online at 15,800 or so..invoice was 15,400. I paid too much. How much was the 'dealer' final price on the ticket? Over 21,000.

Save money and trade in by
1- not paying much over invoice
2- never trading in your vehicle to dealer.

I like my pat cause it was less than 16k, runs fine, and is a little suv.

UPKEV · Jul 27, 2008

The FJ is another really good looking option. The problem is that I haven't seen many good colors that it comes in. The Yellow is okay, but would tire rather quickly. I have seen a very not tough looking maroon, a white that the roof blends into to, a funky light blue, well black is okay, but seems like they blew it on colors a bit.

To each his own. Just FYI, my experience with the Patriot couldn't be more different. It is super smooth from transmission to suspension. It is capable, fuel efficient, and the best looking vehicle on the road.

Yes, buying a new vehicle in its first year of production is always risky.

Best of luck. Entire post sounds a little sour grape-ish.:blah:

jepstr67 · Jul 27, 2008

First off, Oneinch, you never took the time to learn to drive the CVT properly. Many people here have posted tips on driving the Patriot variable transmission with good results.

Second, The FJ costs much more to start with. Almost double what my Patriot cost.

Third, I would compare the FJ to the Wrangler, not the Patriot. Of course, you can't take the top off of the FJ so what fun is that?

Fourth, It is well worth $10,000 to avoid the embarrassment of being seen in a Toyota.

epper:

Oddly enough I like the FJ. It is the only Toyota I like, have ever liked. Unlike boxy the old ,Jeep like, Land Cruiser, it's unique styling and color choices set it apart from all other vehicles. However; I would never buy one because, considering what shape our country is in right now, socially and economically, buying a foreign made car is irresponsible. You made the right choice. Keep the Patriot. Learn to drive it correctly, and enjoy.

Jeepster55 · Jul 27, 2008

Hitzy said:
There are a bunch of those 4-2 "smart" cars on a lot near my work.......not quite so popular here I guess cause it snows
Personally I wouldn't be caught in one of those things, I think they would be a death trap if you hit anything larger then a bicycle or a pedestrian.

ha ha ha ha.....little do you know that here in the US they are all SOLD BEFORE THEY HIT THE LOT! the current 22 month wait is NATIONWIDE here in the US, not at just one dealership. occasionally one becomes available through cancellation, but for the most part dealers have hundreds of people on waiting lists for those too. the smart cars have been available in Canada for some time, but have been a different car. the one for 2008 is a new 451 model.....much improved.

as for their safety, better read up on them. i would rather be in one of them than a Neon, Focus or Cavalier. and why is it that people always bring up "safety" yet they have no problem with people that ride Harleys? you think a Harley is SAFER than a smart car? :icon_rolleyes:

all i say is that before you jump in and put something, anything down, do some research on it. as for the smart, if you don't want one, don't buy one. it will only make the wait shorter for those of us who do.......:smiley_thumbs_up:

Hitzy · Jul 27, 2008

Jeepster55 said:
ha ha ha ha.....little do you know that here in the US they are all SOLD BEFORE THEY HIT THE LOT! the current 22 month wait is NATIONWIDE here in the US, not at just one dealership. occasionally one becomes available through cancellation, but for the most part dealers have hundreds of people on waiting lists for those too. the smart cars have been available in Canada for some time, but have been a different car. the one for 2008 is a new 451 model.....much improved.

as for their safety, better read up on them. i would rather be in one of them than a Neon, Focus or Cavalier. and why is it that people always bring up "safety" yet they have no problem with people that ride Harleys? you think a Harley is SAFER than a smart car? :icon_rolleyes:

all i say is that before you jump in and put something, anything down, do some research on it. as for the smart, if you don't want one, don't buy one. it will only make the wait shorter for those of us who do.......:smiley_thumbs_up:

Yes.

neonkitten63 · Jul 27, 2008

Jeepster55 said:
as for their safety, better read up on them. i would rather be in one of them than a Neon, Focus or Cavalier. and why is it that people always bring up "safety" yet they have no problem with people that ride Harleys? you think a Harley is SAFER than a smart car? :icon_rolleyes:

HAHA, people all over philly kept hitting me or running into me as I was in my neon....NEVER been totaled and never injured! HAHA. Actually I sold the car about 2 weeks ago for $2,000

epper: I would have LOVED to keep her if I didnt need the money for the down payment on my Patriot. Someday I will have another 1st gen Neon!

rdunlap · Jul 27, 2008

Try selling a car on your own if you want to get more money out of it obviously. Hows the warranty on the FJ? That 2mpg difference is between the FJ's highway MPG and the Patriots City mpg

Jeepster55 · Jul 27, 2008

Jeepster55 said:
and why is it that people always bring up "safety" yet they have no problem with people that ride Harleys? you think a Harley is SAFER than a smart car? :icon_rolleyes:

Hitzy said:
Yes.

hummm, you must be one of those that ride bikes without helmets because you have nothing to protect.

Hitzy said:
Yes.

ok, it all makes sense now......:icon_rolleyes:

unclejjg · Jul 27, 2008

1inchgroup said:
The "new" EPA estimates show 18-22 on my Patriot, and they show 16-20 on the FJ. I get almost 25 in my Patriot. I'm figuring I'd get 22 out of the FJ...but they're all estimates.

I may be wrong, but I thought the FJ also required premium gas...which is one of the items that deterred me from purchasing it. So, not only would it take more gas, but the gas itself would be more expensive.

Jeepster55 · Jul 27, 2008

unclejjg said:
I may be wrong, but I thought the FJ also required premium gas...which is one of the items that deterred me from purchasing it. So, not only would it take more gas, but the gas itself would be more expensive.

while the lower MPG's WOULD discourage me from buying a vehicle, using Premium gas WOULDN'T. even if the difference in price was .20/gal more, that would only mean spending $2.74 MORE for PREMIUM in my Compass.

i don't think i'm going to go into bankruptcy over spending $2.74 MORE per fill-up.

DaveJKJ · Jul 27, 2008

jepstr67 said:
Oddly enough I like the FJ. It is the only Toyota I like, have ever liked. Unlike boxy the old ,Jeep like, Land Cruiser, it's unique styling and color choices set it apart from all other vehicles. However; I would never buy one because, considering what shape our country is in right now, socially and economically, buying a foreign made car is irresponsible. You made the right choice. Keep the Patriot. Learn to drive it correctly, and enjoy.

The only good fj was the fj40 but few of you are old enough to remember that one.

The blue fj cruiser with the white top looks like a "smurfmobile" to me.

Yes, buying a foreign branded car is irresponsible for an American Patriot.

BTT......To OP......ALL vehicles depreciate more than we like. The key is to do some research into what is what and what your needs are and what you need/want BEFORE you TEST DRIVE and BUY so you are not changing vehicles every year. Comparing two vehicles that are NOTHING alike and one costs almost twice as much and is a more powerful v6 which needs premium fuel and has a t-case with 4lo is not a comparison.

The Patriot will run circles around an fj cruiser in everything except off road abilities. The Patriot is in a different class and beats out everything in it's class with capability, etc, etc as most of you are well aware. I could go on and on but I won't. This thread will do it for me.

Myth #101: Your Patriot will hold it's value

jack.allwardt

WhatARiot

Stew

Wheezy

Stew

bohemius.sr

1inchgroup

Peyton

ChiefWilnel

2008patriot

UPKEV

jepstr67

Jeepster55

Hitzy

neonkitten63

rdunlap

Jeepster55

unclejjg

Jeepster55

DaveJKJ

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