Part of my law practice is bankruptcy, and Missouri has a $3,000 exemption (per person) for equity in a motor vehicle. Much more than $3,000 and the bankruptcy trustee starts to demand the debtor pay in equity.
Since I started filing bankruptcies nearly forty years ago, I’ve learned there are exactly three American made motor vehicles over seven years old a bankruptcy trustee will invariably inquire about.
1. Any Corvette
2. A full sized Harley Davidson (not a Sportster)
3. A “real” Jeep (not a station wagon or crossover Jeep)
I have a client that bought a brand new Jeep when he graduated high school in 1978 and he drove it forty years, until one of his grandchildren rebuilt it, and the kid still uses it for daily transportation.
A Jeep is the perfect utilitarian car.
I’d guess the average Jeep made in the modern era (since WW2) spends 99% of it’s time serving as a car on the public roads.
The worst change made was dropping the AMC straight six.
The best improvement was adding an extra door on both sides and lengthening the wheelbase so it rides better.
I want one.
But I can’t seem to wear out my 2005 Yamaha Rhino.