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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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#617 of 661
Re: Any Good Deals on Overland Model [semperfi2] by mikeyp53
Jun 20, 2009 (5:59 pm)
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Replying to: semperfi2 (Jun 03, 2009 11:38 am)

The dealers are low on inventory, they have nothing much left to sell, just oddball models. Can't find a Laredo V8 4.7l with tow package anywhere. Hopefully when production begins next week, the cars will come in. Pricing and dealing has not been good. Last Jeep built was last Dec and they are pulling cars from storage lots. May was a high sales month for Chrysler. They don't need to deep deal any more.
#618 of 661
Re: Any Good Deals on Overland Model [mikeyp53] by gruson
Jun 25, 2009 (6:20 am)
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Replying to: mikeyp53 (Jun 20, 2009 5:59 pm)

Anyone care to post recent deals?
 
I noticed an ad at slickdeals where a Laredo at $31k can still be gottten for around $21k.
 
I am currently looking for a Laredo or Limited (want at least leather, sunroof, and premium audio).
 
If anyone knows of any dealerships around Dallas, TX, let me know! Thanks
#619 of 661
2009 Laredo X Package by msc2321
Jul 29, 2009 (1:11 pm)
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I was just quoted $509 per month for an '09 Laredo X package loaded. Nav, sunroof, trailer tow. That's with $1500 down. Can anyone here tell me if that sounds like a decent deal?
 
Thanks. First time on the site.
 
M
#620 of 661
Re: 2009 Laredo X Package [msc2321] by verdugo
Jul 29, 2009 (1:36 pm)
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Replying to: msc2321 (Jul 29, 2009 1:11 pm)

Depends on how long. $509 for 12 months is awesome, not so good if it's for 84 months.
 
What's the interest rate?
#621 of 661
by msc2321
Jul 29, 2009 (1:45 pm)
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I think its either 60 or 72 months.
#622 of 661
Re: [msc2321] by paule
Jul 29, 2009 (5:51 pm)
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Replying to: msc2321 (Jul 29, 2009 1:45 pm)

That's a difference of $6,108 whether its 60 or 72 months.
I would suggest stepping back for a minute and reading up on how to purchase a vehicle.
Right now the salesman is salivating over you. You really don't want to get into the "monthly payment" trap.
Look at the overall cost you will be paying for the new vehicle and what you may have for a trade in and start comparing apples to apples.
Send e-mails out to several dealers in your area asking for their bottom line price for the vehicle you're interested in.
Find the lowest price (everything together: finance rate, trade in value, new vehicle price, etc.) and then start looking at what it will run you per month.
#623 of 661
'09 grand cherokee laredo x package fully loaded by msc2321
Jul 30, 2009 (5:17 am)
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Thanks for all of the advise. The MSRP is 38,995. they are giving me the car for about 30K for 72 months. $510 per month. thoughts?
#624 of 661
Re: [paule] by verdugo
Jul 30, 2009 (8:54 am)
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Replying to: paule (Jul 29, 2009 5:51 pm)

I would suggest stepping back for a minute and reading up on how to purchase a vehicle.
 
Paule is completely right. If you're not even sure what is the duration of the loan you need to take a step back before you sign. The good news is that you already took the first step by asking here.
 
You shouldn't be paying more than invoice minus rebates. In fact, you should be able to do a bit better than that. Grand Cherokees aren't exactly flying off the lot.
 
Do some research, ask more questions here, and good luck.
#625 of 661
Invoice by msc2321
Jul 30, 2009 (9:00 am)
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How/ where would i get invoice price? Thanks
#626 of 661
Re: '09 grand cherokee laredo x package fully loaded [msc2321] by verdugo
Jul 30, 2009 (9:11 am)
Reply

Replying to: msc2321 (Jul 30, 2009 5:17 am)

They are selling you a car for $30,000. You are putting $1,500 down, which means you are financing $28,500 for 72 months.
 
You didn't specify if the $30,000 included tax and fees (make sure you don't fall for the mop & glow, etc.). My guess is that it doesn't. So your interest rate could be anywhere between 8% to 9%.
 
I have no idea about your credit score, but you hopefully you can do better than that through a local bank/credit union.
 
Having said that, I don't think $30,000 is an amazing deal. It's not bad, but not awesome. I bought a 2008 Limited 4x4 with HID ights and MyGig navigation (no HEMI, no Quadra drive II) for $34,000 in September 2008. I basically got it for invoice - rebates.
 
Long story short, if you're happy with the price, go ahead and buy it. But take a few mins to email other dealers. Give them lots of details about the car you want so they know you're a serious buyer. If you get a lower price, it's always polite to give the first dealership the chance to match it.
 
Also make sure that you try to get a cheaper interest rate. And since you're putting so little down, I think it'd be prudent to buy GAP insurance.
 
Good luck and let us know how you make out.

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