My sample size is 3 - two immediate friends including myself purchased new Stellantis products. 2 have been serious turds, 1 has been perfect. All 3 examples have under 30K.
Test drove a Jeep Grand Wagoneer with the high output 3.0L twin turbo
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If I had the disposable income I’d happily spend over $100k on an M2 CS, a Mercedes-AMG GT, or a 718 Cayman GTS 4.0.$107k?! I lost interest right there. While I think the I6 turbo is a great idea I will never be able to wrap my mind around paying that kind of money for any vehicle EVER.
But that’s just me.
The climate crisis has concerned me to the point that I made the responsible choice and bought a 385 hp twin turbo 155 mph sedan. But relax- it’s a hybrid; it burns gas AND rubber.
Is yours the perfect one?
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Not a bad looking vehicle IMO. But I would let others test out that new engine IMO.
Last year (2?) when Wagoneer/Grand Wagoneer came out I remember everyone saying no one is going to pay that much for a Jeep. Haven't really followed to see how the sales are doing but I know I see a boatload of Wagoneers and Grand Wagoneers around my parts. Handsome Suburban/Expedition fighters - that badging on the tailgate though, woof!
I bet Jeep lost a boatload of customers when they had multiple kids and outgrew their Grand Cherokees and I highly doubt they were stepping into a Pacifica or Grand Caravan. Well now their customer base has two options to stay with the brand (Grand Cherokee L and Wagoneer/Grand Wagoneer).
I bet Jeep lost a boatload of customers when they had multiple kids and outgrew their Grand Cherokees and I highly doubt they were stepping into a Pacifica or Grand Caravan. Well now their customer base has two options to stay with the brand (Grand Cherokee L and Wagoneer/Grand Wagoneer).
Although boosted and blown, the 3.0L in the E53 AMG makes some purdy noises when the spurs are put to it.
GON
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I tend to think some of the Grand Wagoneers' owners are those that couldn't get financed by GM or Ford, and Stellantis will finance to make the sale. These Wagonners will be repossessed in the next year or two, collapsing the already poor resale value of the Wagonners.
That is one reason Toyota and Honda keep their resale value, their finance companies' won't make a bad loan to make a sale.
The manufacturer really only needs to stop you once from any given speed. If one keeps driving like an idiot after the first white-knuckle ride, that’s on them IMO. This is a 3.5 ton skinny people mover, not a Corvette.
Tesla’s Plaid model has even worse brakes than this IIRC…
GON
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CAAM,
I don't have the time to do a proper write up on my post- but here is a little sample. Selling $100k vehicles at 16.9 percent interest to high risk borrowers may at times be more profitable than financing $35k Toyotas and Hondas at 5.2%. How many vehicles does Toyota and Honda Financial need to finance at 5.2% to get the same (near window) return of one 100k 16.9% loan. Yes, Chrysler will end up writing off the loans down the road, but in the near term those loans and much more profitable than Toyota/ Hondas sure thing loans at 5.2%, of which Honda and Toyota are likely paying 4% for the money- a 1.2% spread. Chrysler is likely paying 8 % for the money, a 8.9% spread.
So- in theory Honda has to sell $900k worth if vehicles (27 cars), to get the same rate of return as one $100k Grand Wagoner. Of course, this theory is a huge short term gain for Chrysler financial, but will collapse the financial arm during a recession, even a miled recession.
"Chrysler Capital is one of the largest providers of subprime loans for automotive purchases in the US. Subprime loans are made to consumers with poor credit ratings who don't qualify for the best deals."
https://www.slashgear.com/stellantis-will-purchase-its-own-in-house-financing-company-05689642
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4WD
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Saw this yesterday and thought it was pretty sharp. I had to look up the specs, about $52k, a little over 300 hp and torque. Zero to 60 in 4.8 seconds, AWD. Not a true M car apparently. For 5k more you can get the 2 series M coupe.
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Agreed.
They do not buy beautiful brand new Dodge Grand Cherokees.
The people who have bad credit usually end up in something used, or a cheap car.
Dodge is NOT selling a brand new $107,000 SUV to people with terrible credit.
Maybe their credit isn't great, but only a 750 score, which isn't terrible.
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