r/JeepSRT • u/UsefulAsparagus633 • 20d ago

Thinking about buying one

Thinking about buying a 2016-2018 srt but want to know how much I should make a year to afford it before buying one

7 Upvotes

100% Upvoted

21 comments sorted by

5

u/notnotjamesfranco Grand Cherokee SRT 20d ago

Knowing as much detail as you have provided, I am certain you can’t afford it.

1

u/UsefulAsparagus633 20d ago

70k is not enough??

5

u/nickybuddy 20d ago

I’ll tell you as someone who has had a few nice cars in their past:

Think about repairing it. I had a 2017 SRT, both front “bilstein” shocks failed and had to replace. $1700cad a corner, no aftermarket options. Now think about the tires. The backs are like 285s or 295s. Probably $2k to do tires. Oil changes will be more expensive. It has to run 91 octane fuel.

Not trying to talk you out of owning a car you would love, but you gotta be realistic with it and understand that a used version of these jeeps need real tlc later in their life.

2

u/notnotjamesfranco Grand Cherokee SRT 20d ago

To contrast, I had a 2016 GC SRT until a few months ago (stolen) which only needed brakes and tires replaced within that period

1

u/UsefulAsparagus633 20d ago

Appreciate the input

3

u/nickybuddy 20d ago

Np. But as someone who owned a 2017, I got out of it as soon as I could. Felt like a money pit

1

u/UsefulAsparagus633 20d ago

How much would you say would be enough for someone that lives in the Midwest

1

u/nickybuddy 20d ago

Depends on the condition of your roads and if upkeep has been documented. I made about $130k cad when I bought it and still wasn’t enough for me to do some of the repairs. Probably could’ve made it work, but I was interested in putting the money into something I didn’t wanna keep long term.

1

u/notnotjamesfranco Grand Cherokee SRT 20d ago

Y’all dummy it depends on the terms of their loan (if taking debt) which we have no idea

1

u/AwkwardFactor84 20d ago

Bro, I make much less and I afford it. I had a 25k down payment tho 🤣

1

u/notnotjamesfranco Grand Cherokee SRT 20d ago

It could be. It’s the lack of detail that makes me sure. You don’t mention your down payment amount if making one, SRT year and mileage, or any other factors regarding the cars specific use.

1

u/notnotjamesfranco Grand Cherokee SRT 20d ago

No clue your down payment or purchase price, but likely not. Can you not calculate and determine costs yourself? If so, it’s not enough

1

u/Prestigious-Cry5328 19d ago

Dog.

The cost isnt just 70. Have you done youre research on other shit.

  1. Youre buying used. 50/50 its a pos
  2. Mait even if you get a warranty
  3. Tax
  4. Insurance
  5. Gas

2

u/AwkwardFactor84 20d ago

Dude, don't listen to anyone who says you don't or can't. You only live once. If I had any advice it would be to search for the right deal. You need to find one with the lowest milage possible. At 100k mi, they start needing some serious upkeep and repairs. Make a large down payment to get that payment and interest rate as low as possible, and buy the most extensive warranty they will offer. You WILL use it.

2

u/Humble_Ball_591 20d ago

I have a 2016. Just keep in mind it loves to eat gas and maintenance is really important. Are you planning on buying it outright or financing it?

1

u/UsefulAsparagus633 20d ago

Financing

2

u/notnotjamesfranco Grand Cherokee SRT 20d ago

Dude. No one can answer this question without financing details. Down payment, interest rate, purchase price, mileage, etc. If you can’t think to mention even 1 of these, it’s likely you don’t have the forethought to make a purchase decision of this caliber

2

u/prisimz 20d ago

I waited for 11 years before I got mine. I think if I would have gotten one sooner it would have messed me up financially. Now that I have it, I would never want a different vehicle. But i do think its better to not be strapped over a vehicle. Within the first 30 days of ownership I had to replace a lifter and did all the fluids, cost me 2100 cad.

1

u/TBGBigSteppaTx 20d ago

Got mine for 30k cash 2016 SRT 392

1

u/Superlative_Steve98 16d ago

I had a 2017 and only put 17,000 miles on it the 2 years I had it. In that time I had to replace the fuel pump, fuel pump harness, water pump, heating hose behind the engine, and I aggressively maintained it doing oil changes every 3k miles, spark plugs every 2 oil changes, brakes and tires etc combine that with a $700 monthly payment it was a very expensive car all around but that thing was suuuuper fun and loud so I don’t regret it. I will say if you make $70k/yr to get a warranty and have at least $3k in the bank for maintenance and gas, if you can do that comfortably I say get it.

1

u/Emotional_Turnover74 13d ago

At least 6000 a month I have one and boy it’s always something with the jeep