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Jeep Patriot Prices Paid and Buying Experience

41 messages,  Last post on Apr 09, 2009 at 4:01 PM

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What is this discussion about? Jeep Patriot, Car Buying

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#32 of 41 2008 Patriot... by gigigirlz Jul 25, 2008 (5:41 pm)
I am kind of new to this game...and am trying to buy a new Patriot...before the end of the month so I can take advantage of the $2.99 gas deal...I am ready to ...How do you know if you are getting a good deal or not??? I do have a Chrysler Employee discount code from a friend...at the first dealer the Patriot listed at 19,975..and he would sell it to me for 18,475....the second dealer didn't have any Patriots he said...but he did have Compass's which he said were basically the same car...and that listed at 21,624 but my price was 20,625....I really thought that the employee discount was worth a better discount...I am sooooo ...thanks for any suggestions or help....
#33 of 41 Re: So, for all the discount of 08' patroit [yuren] by Car_man HOST Aug 01, 2008 (3:19 am)
Replying to: yuren (Jul 25, 2008 3:52 pm) Hi yuren. Generally, the terms rebate and consumer cash allowance are synonyms. In July, Chrysler was providing anywhere from $750 to $2,000 consumer cash on the 2008 Jeep Patriot. The exact amount varied by region. This incentive is compatible with Chrysler's college grad cash. I have not seen what its new August incentives are yet. I suspect that Chrysler will announce them later on today.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#34 of 41 Re: incentive by thong24k Aug 04, 2008 (3:55 pm)
But beware that you cannot take both offers. You have to pick the cash allowance or the $2.99 gas rebate.
#35 of 41 Re: 2007 vs 2008 Jeep Patriot [jmorrow] by jefferson1964 Oct 03, 2008 (11:01 am)
Replying to: jmorrow (Apr 01, 2008 8:56 am) "Hey Joep5 I sell Jeeps for a living. The lowest price possible is not always the best price. To Answer your question, if the dealer is going to give you invoice (what they paid for the car) that is the lowest price. But let me ask you a question when you buy this car and you have a question about something on your car or you need help with something who are you going to call ( your salesman). Why are you trying to steal from him or her. If the lowest price is 1,000 less that then best price with the best service. Then why would you not pay twenty dollars extra a month for someone to take care of you anytime you have any problems. To be blunt if you can't afford an extra 1,000 or 20 dollars a month you should not buy a car. Have you ever heard you get what you pay for. Buying a car is a big investment not to have anyone to rely on if something goes wrong. In short Pay your salesman if there is worth it don't cry over 1,000 dollars when have a good salesman is worth much more. "   Ya got to be kidding...so cuz i need to feel like the sales person will get extra $$$ for his/her service i should not worry about the EXTRA $1,000...yea use that yourself on your home purchase why dont you...same principle...my sales person did wonderful...so whats an EXTRA 10K over a 30 year note...ah who care just give it to them....I dont know about you but 1K just dont grow on trees where i live..i have to work for it..and if I can save it by bargaining a better deal then thats my right to do so...I have only dealt with a sales person ONE time after the sale and NEVER again...the one time i tried on a new honda i purchased the sale person brushed me off and told me to go to the service center...WHY cuz they HAD their money and were done with kissn my rear!!!!!!!! Get in the real world or change jobs.
#36 of 41 Employee Pricing by razortech Mar 27, 2009 (10:06 am)
I am looking at buying a new Jeep Patriot and want to take advantage of the employee pricing. The dealer told me that the employee price was already below invoice and he couldn't go any lower. Is this what I should expect from all dealers? Does the employee discount come out of the dealer's profit?
#37 of 41 Finance Charge seems a bit over price? by GeeSlimmy Apr 06, 2009 (12:22 am)
I recently went to look at a Patriot Jeep 2009 Limited and got a quote:   To buy:   Mo. Pmt for a 72 Mo. Term 421.86. This is with Sirius Radio, UGPS, UConnect, UStudio, and all the other included options on a Patriot Jeep 2009 Limited. The amount financed was 25,465.04 then the Finance Charge was almost 20% of the Amount Financed 4,908.88. Why is the Finance Charge so high? I was thinking this should be around 8% or less of the amount financed? With this high finance charge it brings the Total Sale Price to 32,373.92. This is also with 2,000.00 down and all tax and fees included.   To Lease:   Mo. Pmt for 39 Mo. Term 434.97. This is the same deal as above except I would be leasing. I don't think the lease would have this very expensive finance charge.   I want to buy this SUV but I would like to pay between 350.00 and 400.00 for my monthly charges for a 72 Mo term. I'm currently leasing a 2006 Base SUV Nissan vehicle that's total price is higher then the Patriot and I'm only paying 308.00 a mo. my lease expires soon. To me It just seems strange that this Finance Charge would be so high? Replies to this message: kyfdx (Apr 06, 2009 9:31 am) GeeSlimmy (Apr 06, 2009 7:53 pm)
#38 of 41 Re: Finance Charge seems a bit over price? [GeeSlimmy] by kyfdx HOST Apr 06, 2009 (9:31 am)
Replying to: GeeSlimmy (Apr 06, 2009 12:22 am) Couple of things..   In general, the domestics don't have very good lease programs.. If you want to lease, you should probably stick with imports.   Didn't the dealer quote an interest rate with the payments on a purchase? Anyway, the interest rate on 72 month notes is usually 1-2 points higher than a 60 month loan. It looks like your interest rate is around 6%, which isn't bad at all... Not sure how you expected the finance charges to only equal 8% of the total payments... After all, you are borrowing the money for 6 years.... and the average balance will be a little over 1/2 of the amount borrowed, over that term...   I'm not all that familiar with Patriot pricing, but it looks like your purchase price, plus fees and taxes is about $27,500... That seems like a lot, but maybe your unit is loaded up?   regards, kyfdx Replies to this message: GeeSlimmy (Apr 06, 2009 7:53 pm)
#39 of 41 Re: Finance Charge seems a bit over price? [kyfdx] by GeeSlimmy Apr 06, 2009 (7:53 pm)
Replying to: kyfdx (Apr 06, 2009 9:31 am) The Total Price is $26,955.00 with Taxes included. I didn't realize that the finance charge was going to be $4,908.88 and the Amount Financed (borrowed) would be $25,465.04. APR is 5.90.   This is a limited Fully loaded with Sun Roof, Sirius Radio XM, Uconnect, Ugps system installed plus all leather seats and stereo system. The price is $421.86 per/mo. for the 72 mo. term. The dealer just mentioned I'm getting an employee price and if i want the monthly cost to be less then i would need to put more then $2000.00 down.
#40 of 41 Lease cost on car seems high by GeeSlimmy Apr 06, 2009 (10:37 pm)
One other thing why is the lease price so high? It comes out to $16963.83 for 39 mo. Basically this means I would be paying for over half of the total cost in 3 years! ouch!   Mo. cost for lease with $2000 down is $434.97 Replies to this message: kyfdx (Apr 09, 2009 4:01 pm)
#41 of 41 Re: Lease cost on car seems high [GeeSlimmy] by kyfdx HOST Apr 09, 2009 (4:01 pm)
Replying to: GeeSlimmy (Apr 06, 2009 10:37 pm) 5.9% gibes with my reverse calculation... That's just math.. Six years is a long time to borrow money.. The A in APR stands for annual... So, 5.9% of the average balance, each year of the loan.   As far as the lousy lease payment? Low residuals, plus high money factors (interest). Since Chryler Finance isn't leasing, they have to run the lease through an independent bank. That bank only makes money on the finance charges... they aren't concerned with car sales, so no extra incentives to lease.   At these prices, I think I'd learn to like something different..

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