What is the FMV on a 98 Jeep Wrangler, 4.0, 5 spd, rusty, bald tires, but running? Also, is it safe to assume that since the Cherokee XJ-R is legal for the challenge, an appropriately modified TJ would be as well?
What is the FMV on a 98 Jeep Wrangler, 4.0, 5 spd, rusty, bald tires, but running? Also, is it safe to assume that since the Cherokee XJ-R is legal for the challenge, an appropriately modified TJ would be as well?
Around here you can't touch a running TJ of that vintage for Challenge money $2500-$3500 is the norm, with higher end stuff running $4-$7K.
But I live in Canada and in the winter virtually any 4X4 is going to get $2500.
That kind of mirrors what I'm seeing here- either they're all in better shape than ours or we're sitting on a rusty gold mine!
A running 6 cylinder TJ basically bottoms out around $5k around here. If it's a real POS it might go a little lower, but they still command good money.
A few years ago I bought a similar condition 98 for $3400 and sold it after a year for $3500. I haven't seen prices go down much since but I haven't been seriously looking.
Bottom end of the market here are rough shape, rusty/cracked frames, control arm brackets ripped off axles, dented body panels, etc. if it's got a 4.0l it's around $4000, if it's a 2.5l subtract $500. For an example most would consider purchasing as a driver and not just a trail rig, you're looking at $6,000 for decent 2.5l, $7,000 for a 4.0l. A tastefully modified, clean, dual duty, mall crawler, 4.0l with a name brand lift, winch, 33-35" tires, etc. is usually $10-15K.
I took about a 5 year hiatus from Jeeps, and was blown away at the current market, when I got my TJ out of the shed, and started to work on it again this past summer.
I had bought a rusty 4cyl one missing the top, seats rusted out etc for around $700 which was a steal. I put a used top seats etc and drove it for about a year before selling it in roughish shape for $3500.
This was in 2009.
You'll need to log in to post.
