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  #25  
Old 04-22-2016, 10:33 AM
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Re: Best time to sell?

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Originally Posted by Jim_in_PA View Post
'zero, if you want a V8, you'll probably want to hedge your bet and do the MY18. There's no assurance there will be a V8 offered on the new platform and the very early engine information released to-date is pointing to smaller power plants that are augmented.
This is part of the reason I bought my '16 with the V8 - I'll hold on to it until at least the new ones come out, and I wanted the 75th Limited. If no V8, I'll hold it for awhile after that. I'm just praying FCA doesn't turn the new one into a FWD-biased crossover with a turbo V6 as the "biggest" engine. If they do, I will seriously consider a Ram 1500 Hemi as my next car. I've driven the FWD/AWD crossovers, and I really don't like the driving dynamics.

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  #26  
Old 04-22-2016, 07:29 PM
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Re: Best time to sell?

It's an interesting thread,and I can only speak for myself,but here goes.......I,like most people,finance one vehicle at a time.But for me,when paid off,I keep it.The main reason is this.......like others,I rely on kbb for the value of my vehicle,yet I have never had a dealer offer me kbb value,not even fair condition trade in value ,even though my vehicles are very low mileage(other than our old Wrangler) '11 JGC 26,000 '08 Liberty 32,000,undamaged inside or out.My point being,I would suggest to the OP to talk numbers to confirm 9k positive equity as dealerships tend to use 'black book' value,that,in some cases is far less than kbb,using arguments like,"there are a lot of your model currently flooding the market" or "current market value on your vehicle is X amount" so kbb can be very hit or miss as dealerships say "kbb is more a guide line of what you could get if the market was better",it can get very frustrating and make you feel you are being cheated,even though it's likely that IS the realistic price of trade in that their offering.
After being thru this at a dealership a couple of times years ago,I opt to wait until I own the vehicle free and clear.In my case,I keep the vehicle.Hopping from one loan to another is just too much money lost for me,but that IS my own opinion
I guess the point I am making,no matter when a vehicle is traded in,even with 100% equity,it's unlikely one would get kbb value for the vehicle.When buying a vehicle,there is a lot of money lost no matter what.
I learnt my lesson.i buy a vehicle new (knowing I will lose money,knowing equally if I trade in I will lose more) I keep the vehicle with no interest in trading in or selling.
That's just my 10 cents worth from personal experience,and am sure everyone has there own opinions and experiences.So don't damn me to hell for my input!
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  #27  
Old 04-22-2016, 07:51 PM
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Re: Best time to sell?

This thread has been a wealth of knowledge and clearly a very hot button topic for a lot of people. The main take away Ive gathered is that the majority of people are going to lose money on their vehicle. The select few who do not are the ones who usually keep their vehicles for 10+ years. But in the end it all boils down to each individuals financial situation and preferences.

For trading in, I look at the KBB but know that no dealer will offer that pricing. Looking on dealer websites and Carmax while subtracting 3-5k from the price theyre listing gives a pretty good frame of reference. Im personally not pulling the trigger on anything until 2017...famous last words
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  #28  
Old 04-22-2016, 08:01 PM
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Re: Best time to sell?

I'm not sure I agree with the "lose money" idea. After all, we do get to enjoy driving our vehicle and it provides utility to us that wouldn't be realized if we had to, um...walk...everywhere. That's the nature of depreciation and wear/tear. Vehicles are not investments in the traditional sense (with exceptions for some rare/old ones) so they are on the cost side of things regardless. That said, some folks will realize greater residual value for both sane and insane reasons.
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  #29  
Old 04-23-2016, 11:25 PM
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Re: Best time to sell?

Just to put my two cents in on the topic of value......


I work as a claims adjuster and deal with totaled cars everyday and some states require us to work with dealerships to get value on the car. Anyways based on my experience work and personal NADA is the best source to get what your vehicle is worth and know where you dealership is coming up with the sales price and trade in values.

KBB is high on values 90% of the time and no state requires that KBB be used when an insurance company needs to get a value on a car. It either NADA, Red Book or using comparable vehicles or a mixture of theses.

I have traded in two car at two different dealerships and they both gave me similar values to that NADA trade in and I was able to get a couple hundred more out of one dealership to match the NADA trade in value.




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  #30  
Old 04-24-2016, 10:04 PM
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Quote:
Originally Posted by Jim_in_PA View Post
'zero, if you want a V8, you'll probably want to hedge your bet and do the MY18. There's no assurance there will be a V8 offered on the new platform and the very early engine information released to-date is pointing to smaller power plants that are augmented.
Oh man. The V8 issue is causing me some concern for sure.

I may try diesel or if they bring a twin turbo..

Also the new platform/chassis better be better or equal to the MB platform.

Just my wish list.
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  #31  
Old 04-25-2016, 10:08 PM
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Quote:
Originally Posted by Jim_in_PA View Post
'zero, if you want a V8, you'll probably want to hedge your bet and do the MY18. There's no assurance there will be a V8 offered on the new platform and the very early engine information released to-date is pointing to smaller power plants that are augmented.
I still thinking about your post.
So...

No ...

V8
Adaptive headlights
Dual exhaust
Flipper glass
Power adjustable steering column

Really going to be tough forking over heavy ca$h for less content.
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