Jeep Wrangler Market Prices
I understand that used cars are generally more expensive than in the states. I have also read in this forum that Jeep Wranglers are at a premium and very desirable. However, the Wranglers that I see advertised on VIMovingCenter and Craigslist appear to be much cheaper than in the states. I have seen '02 Wranglers listed for under $5K, '05s for around $10K, and several in between. In the states, the prices are much higher. A late '90s or early 2000s model with ~100K miles in good shape is going for around $10K+. 2005s and up are closer to $15K.
Are Wranglers an exception to the general rule that used cars are more expensive in the islands? Is the supply just so high that the prices are low? Or are these prices I have found online not representative of the actual market price? I would hate to ship down my Wrangler if I could buy the same thing for a few thousand less than I could sell mine for here.
I wouldn't ship one down...plenty for sale here, without having to pay for shipping and then having to go thru the hassle of getting it inspected and registered...if you buy one here, you just have to go to the BMV to get the inspection and transfer ownership/register...
I hear some people complaining that their Wranglers get very poor gas mileage compared to other vehicles. The rental agencies also update their fleets regularly, so there are plenty of jeeps around.
It is supply and demand. As stated above there are lots of Jeeps around. And there are some that are real dogs. Before I would ship ANYTHING down I would look at what an additional 4 -5 grand will buy. Now if you only have 5 grand you should not be coming down anyway.
I sold my 2005 Wrangler this year for $11,900. Three buyers in a couple of days, very easy to sell....
One of the best things about the Wrangler is they are plentiful here....Therefore, parts are easy to find without having them shipped in. After I sold it, I bought an 09' with 4K miles for $19,000. Much less than the book...
The books are higher than what you can sell them for and that also causes your insurance to be a bit higher than it probably should be.....But Jeeps are great cars for this (STT) island.
I bought my Wrangler two years ago from the old Thrifty fleet. It's an '04 and had 32K miles on it when I bought it. It was in really good mechanical and body shape, but the top and interior were a little rough (normal island wear and tear). I paid $8K for it. Blue Book was saying around $9K for it, so seemed like a decent price.
Blue Book is less relevant here simply because supply and demand are both restricted by factors that KBB isn't considering. With that said:
I would wager that a higher percentage of cars being offered for sale in the places you mention are listed there because the sellers have not succeeded through on-island methods -- meaning that the car is probably priced higher than is reasonable upon in-person inspection, and the seller is not disclosing everything you would want to know -- whether intentionally or unintentionally. Supply and demand is seasonal for sure, especially on STT and STJ, so prices are generally at their cheapest between June and September as people leave island.
Among the things you need to remember to ask when pricing a Jeep -- does it have a top? Hard or soft? Does it have doors? Does it have windows? How much body damage does it have, and where? Does it have a real (metal) bumper? Does it have AC, and does that work? How much rust does it have -- can you see the road through the floor? How long has it been in the islands? Etc. -- all kinds of questions that you don't have to ask stateside.
Many of the Jeeps here have serious rust issues -- throwing sandy,wet beachgear in the back has bad longterm effects - also if you do buy here and can pressure wash and undercoat the underbody it will be really helpful.