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Jeep Cherokee (All) Prices Paid and Buying Experience

661 messages,  Last post on Nov 08, 2009 at 7:12 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Jeep Cherokee, Jeep Grand Cherokee, SUV


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#551 of 661
Re: 2009 Purchase Timing [verdugo] by verdugo
Feb 13, 2009 (1:50 pm)
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Replying to: verdugo (Feb 13, 2009 11:21 am)

Looks like my gut might be wrong.
 
http://money.cnn.com/2009/02/12/autos/chrysler_lookahead/index.htm
 
Chrysler is asking dealers to take on more inventory so that its books look healthier when they ask for more money. However, it will leave dealers with even more inventory.
 
In the near term, Chrysler incentives will likely start going up higher this spring even as they drop for other manufacturers, Toprak said. Other manufacturers are expected to have lower inventories, he said, because their sales haven't dropped as much and they haven't pushed vehicles into dealer inventories to the degree Chrysler has.
 
So if you don't get the price you want at the end of this month, wait until the end of next month. It also happens to be the end of quarter
 
I wish I was in the market right now, but my 08 Limited only has 9,000 miles.
#552 of 661
Re: 2009 Purchase Timing [verdugo] by paule
Feb 13, 2009 (8:05 pm)
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Replying to: verdugo (Feb 13, 2009 1:50 pm)

Hmmm, interesting article. I think I'm still making the right move to buy now.
 
There are some dealers around me that have the vehicle I want but most do not. If they are being pressured to order vehicles, that may mean they have vehicles currently on order that they could change to my specs assuming they're still early in the build sequence.
 
I think I'll see what I get for a price and if it's not as low as I want, I'll wait and try again in a couple of months.
 
I don't have a problem with ordering a vehicle (in fact I almost prefer it) so I think that gives me more leverage and brings more dealers into play.
 
Luckily I tend to keep my vehicles for about 10 years (my current GC is 11 years old) so I'm not concerned very much with residual value.
#553 of 661
Re: 2009 Purchase Timing [paule] by verdugo
Feb 13, 2009 (8:11 pm)
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Replying to: paule (Feb 13, 2009 8:05 pm)

I don't have a problem with ordering a vehicle (in fact I almost prefer it) so I think that gives me more leverage and brings more dealers into play.
 
I actually think it's the opposite. Right now the dealers want to get rid of the inventory at hand. Although, I guess selling a factory order is better than no sale.
 
Mine was a factory order. They told me 6 weeks, and it showed up in a little bit less than 4 weeks -- and I'm in California.
 
Best of luck.
#554 of 661
Re: 2009 Purchase Timing [verdugo] by paule
Feb 14, 2009 (6:35 pm)
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Replying to: verdugo (Feb 13, 2009 8:11 pm)

I actually think it's the opposite. Right now the dealers want to get rid of the inventory at hand. Although, I guess selling a factory order is better than no sale.
 
Yes, I agree you may have more leverage if the vehicle you want is in stock and the dealer is dying to get rid of it. However, I'm looking for something pretty specific and on the non-common end of things (Overland instead of a Laredo).
 
One other thing to keep in mind is the dealer holdback. Dealer holdback on a Jeep is 3% of MSRP. 3% on a $44k vehicle equates to $1,320. If I order a vehicle, that is another $1,320 of "profit" to the dealer.
 
If the vehicle has sat on his lot for 3 months, that amount of money has already been used up on floorplan costs. That's less profit to the dealer but even more reason to get rid of it so he can stop paying floorplan interest.
 
Thanks!
#555 of 661
New 2008 Grand Cherokee Laredo Pricing? by travellady
Feb 15, 2009 (8:28 am)
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I live near Seattle and see a dealer website listing a new 2008 Laredo with Online Price of $27,021 and MSRP of $32,120. It's the lowest end Laredo, with cloth interior and lists the options as:
(26E) Quick Order Package 26E
(APA) Monotone Paint Application
(F7) Cloth Low Back Bucket Seats
(NAA) Federal Emissions
(YEP) Manufacturer's Statement of Origin
 
We looked at some at a different dealership yesterday and were told about the Employee Pricing ++ and that was included in the pricing they were advertising. I wasn't sure how much to negotiate under that amount but from what I'm reading it seems the 4500.00 current rebate offer should be in addition to that? Am I assuming correctly?
 
All said, what could I expect to pay for the one I listed above? We're paying cash so no financing involved. Any suggestions are helpful as we're getting ready to purchase since we've added a 3rd driver to the family and miss having an SUV. Loved my 1998 Grand Cherokee Laredo but sold that a few years ago. Ready for another!
#556 of 661
Re: New 2008 Grand Cherokee Laredo Pricing? [travellady] by verdugo
Feb 15, 2009 (12:28 pm)
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Replying to: travellady (Feb 15, 2009 8:28 am)

That dealer is smoking something if he doesn't substract the $4500 from the $27k price. Employee Pricing is less than invoice, Go to the Jeep's edmund's web page to see what the invoice price is. EP is a bit less than that (don't remember the exact %).
 
You should pay that minus rebates. If the dealer is playing games, walk. There are plenty of other dealers out there.
 
Good luck.
#557 of 661
Re: lease buy out [ronaldc] by raffiem
Feb 20, 2009 (8:01 am)
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Replying to: ronaldc (Feb 02, 2009 4:20 pm)

My 06 Laredo is coming due may 1st. they lowered the buyout by 1900 to $15,500. I offered $10k. They sounded happy and went away thanking me. Is this worth it? I know they dont want the car back but this would save me some hassle.
 
Is it worth calling Chrysler Financial to make that offer firm?
#558 of 661
Re: lease buy out [raffiem] by verdugo
Feb 20, 2009 (2:20 pm)
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Replying to: raffiem (Feb 20, 2009 8:01 am)

How many miles do you have? Has it been reliable?
 
I have an 08 Limited with 9k miles, and I'd be lucky to get $15k for it right now.
#559 of 661
Re: lease buy out [verdugo] by raffiem
Feb 23, 2009 (5:53 am)
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Replying to: verdugo (Feb 20, 2009 2:20 pm)

34K...no problems thus far. told them I's take it for 10 but no word yet.
#560 of 661
Re: lease buy out [raffiem] by verdugo
Feb 23, 2009 (9:11 am)
Reply

Replying to: raffiem (Feb 23, 2009 5:53 am)

Good for you. Let us know how it turns out.

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