- #536 of 661
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Jeep limited
by stevedc34
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Feb 02, 2009 (12:03 pm)
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I noticed on kbb a 2008 limited with 15000 miles is only worth around $17000 trade in value. I am guessing that makes the car worth 25 or 26 k new. Is this sound accurate in comparison to current asking prices?
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- #537 of 661
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Re: Jeep limited [stevedc34]
by verdugo
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Feb 02, 2009 (12:21 pm)
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Replying to: stevedc34 (Feb 02, 2009 12:03 pm)
It depends on the options. You can have several thousands of options on a Limited (4x4 or 4x2, Hemi/skid plates/Quadra Drive II, HID lights, rear DVD, etc.).
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- #538 of 661
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lease buy out
by ronaldc
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Feb 02, 2009 (4:20 pm)
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The lease on my G/C limited is coming due. The original residual value was calculated at $19,080. Chrysler Financial is reducing this to $13,080 plus sales tax. Has anyone received similar buyouts??
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- #539 of 661
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Re: lease buy out [ronaldc]
by seeme4jeep
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Feb 03, 2009 (12:11 pm)
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Replying to: ronaldc (Feb 02, 2009 4:20 pm)
Yes, I am a salesperson at a Chrysler, Jeep, Dodge dealer in milwaukee, wi. What you received is what we call a PLPP. Preferred Lessee Purchase Price. Chrysler Financial does not want their vehicles back. They would have to pick them up from the dealers, recondition them, send them to the auction, and process all that paperwork. Chrysler would prefer to sell it to you for what they would probably get at the auto auction for it. In return they don't have to pay all the other fees attributed to a vehicle after it returns from lease. You will not be able to buy a vehicle just like yours at a dealer for the same price. It is a good idea to buy it out unless you don't like it. If you decide to buy it out all you have to do is contact a Jeep dealer and ask for a finance manager or the salesperson you bought it from. He will verify the PLPP number with Chrysler. Should only take him like 10minutes to do. I can call and get one myself in like 2 minutes. He will need your acct. # or SSN. You will have to fill out a credit application and he will get a new loan approved for you. If your buyout is $13,080 you will also have to pay a dealer service fee usually about $100-200. It's the same fee you pay when you buy a new car. 99% of dealers have them and it is a fair fee for the work they will have to do. You will also have to pay tax on the $13,080 and a DMV fee because you will be retitling the vehicle. If you were a Milwaukee resident your total buy-out would be $14,058. So don't be surprised if yours is about the same. Remember the dealer does not make any money by selling you your own car only if they sell you a new one. Don't forget to buy an extended warranty on the vehicle for peace of mind.
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- #540 of 661
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Re: lease buy out [seeme4jeep]
by schimmey
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Feb 04, 2009 (6:19 am)
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Replying to: seeme4jeep (Feb 03, 2009 12:11 pm)
I have been researching used Grand Cherokees and the more I research the more confused I get as to what would be the best deal. I found a Limited that was a rental with 13,000 miles that is now at a Dealer (bought at auction according to CarFax) he is asking 23,000, according to what I am seeing would 20,000 be a fair offer. If I have an option to purchase a Grand Cherokee x pkg 2008 from private owner with only 258 miles for 22,000 is that the better choice. Any advice would be appreciated
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- #541 of 661
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Deals on 2009s
by dfy8811
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Feb 04, 2009 (12:59 pm)
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Has anyone heard of any good deals on 2009 GC Limiteds?
I was quoted 28,895 for a GC Limited, 5.7L Hemi using Balloon Financing.
Trying to gauge what I should counter with. Anyone have thoughts?
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- #542 of 661
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Re: lease buy out [schimmey]
by verdugo
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Feb 04, 2009 (1:02 pm)
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Replying to: schimmey (Feb 04, 2009 6:19 am)
I think the dealer is asking waaaay too much.
I'm assuming the ex-rental is an 08, right? Go over to the forum about trade in values and post (make sure you provide the required info). I'm pretty sure it will be lower than $20k.
All things being considered, I rather buy a vehicle with 258 miles than an ex-rental with 13,000.
Why is the guy selling such a new car? Is there something wrong with it? At least you have the peace of mind of factory warranty. Although, the lifetime power warranty is not transferable.
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- #543 of 661
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Re: Deals on 2009s [dfy8811]
by melram
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Feb 04, 2009 (4:40 pm)
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Replying to: dfy8811 (Feb 04, 2009 12:59 pm)
I just looked into leasing a 2009 Grand Cherokee Limited but realized the money factor and residuals are really bad and leasing is not an option. I am also considering buying a new one but have not negotiated on the price below. The dealer sent me the following information on the vehicle but I figure I can get him down some more since they aren't selling very many.
MSRP - $42,645.00 List price
$39,475.00 Invoice
$37,719.00 Employee Price / Sale Price = $4926.00 from MSRP
$5,500 Rebates
$32,219 Purchase Price
What was the MSRP, Invoice, Employee Pricing and rebates on your deal?
Thanks
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- #544 of 661
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Re: Deals on 2009s [melram]
by dfy8811
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Feb 11, 2009 (8:53 am)
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Replying to: melram (Feb 04, 2009 4:40 pm)
Don't have the information on hand but rebates sounds similar, only that with the balloon financing offerred in Long Island, you qualify for lease incentives which turn out to be an addition 3,500 or so.
If financed at 0% I would imagine the Purchase Price would be similar to yours.
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- #545 of 661
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Re: Buying a 2008 Grand Cherokee need some help [paule]
by schimmey
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Feb 11, 2009 (9:16 am)
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Replying to: paule (Jan 28, 2009 9:19 pm)
I just purchased a 2008 Grand Cherokee Laredo with X26 and 250 miles on it (part of Chrysler Buy Out package that they had to sell). The price I paid was 21,500.
The Credit Union said by NADA ratings it was only worth 19,025, I had to purchase gap insurance for 250.00 to cover the difference between value and loan ... my new wonderful Jeep is worth it to me, I love it and truly believe that owning a Jeep (this is my third) is definetly a 'Jeep Thing' that only us Jeep owners can understand 
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