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Old 05-27-2015, 11:54 AM
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Call from dealer to trade in?=

I have a 2014 Limited, with 19k miles, and received a call from my dealer to consider trading it in on a 2015 model.

Does this ever make sense to do? I am financing the car, and don't expect the payments to change, unless I moved up to an overland. I also see this as possible way to get rid of a few scratches and dents on my car from city parking.

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  #2  
Old 05-27-2015, 12:27 PM
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Re: Call from dealer to trade in?=

Quote:
Originally Posted by atct86 View Post
I have a 2014 Limited, with 19k miles, and received a call from my dealer to consider trading it in on a 2015 model.

Does this ever make sense to do? I am financing the car, and don't expect the payments to change, unless I moved up to an overland. I also see this as possible way to get rid of a few scratches and dents on my car from city parking.
It makes sense if it makes sense to you and your situation.
Your dealer may be fishing, they may want a few of your model as used to sell, or they may just be a bit down on quota. You don't really care, what you care about is what is in it for you.

You'll take a depreciation loss, and scratches and dents won't help your vehicle worth since the dealer has to sell it and any repairs come out of the trade price. You may not care.

Where you can get in trouble is if the trade they offer you puts you under water such that you'll need to move the finance of your current vehicle onto the new one such that you pretty much start out under water--where this bites more if you plan to trade again rather than keep it till the wheels come off.

If your current vehicle is trouble free and you don't need/want to upgrade to a higher model, it might not make much sense....

BUT, if they have good free snacks and you have free time, it never hurts to ask them what they have in mind but what would be in it for you should you bite.
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Old 05-27-2015, 12:33 PM
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Re: Call from dealer to trade in?=

Quote:
Originally Posted by atct86 View Post
I have a 2014 Limited, with 19k miles, and received a call from my dealer to consider trading it in on a 2015 model.

Does this ever make sense to do? I am financing the car, and don't expect the payments to change, unless I moved up to an overland. I also see this as possible way to get rid of a few scratches and dents on my car from city parking.
It's not that uncommon. lightly used SUV's have a good market so he makes two sales out of the deal. And maybe two happy customers in the end.

You can make out fairly well if you run all the numbers.

I recently swapped a 2014 Limited for a 2015 Overland (initiated by me) and I think I did very good and really like the step up. I really wanted to get the Technology Group Package.

Keep in mind some of the standard options have changed on the Limited.

I got $32,000 back on $37,600 paid for on a 18mo old Limited with 27K, 8.4AN and Tow. And I got a reasonable price on the new Overland $43K with Technology Group. I didn't have a scratch on the Limited. But I did get rid of a bunch of recall headaches and a bowed hatch handle.

I would assume it's always a new loan and if it's a little above or below, who cares. As long as you got a reasonable depreciation is the only number that really matters.

My depreciation worked out to $300.00/mo for 18 months and 27K which I thought was really good. You can compare that to a zero money down Lease which I believe would be closer to $400/mo.

I doubt they would take much off for a couple scratches. Mine was filthy dirty and you could not even see scratches if there were any when they offered $32K.

And you only pay taxes on the difference, not the total new vehicle.

Depending on your state your excise taxes will stay higher longer too. In MA they start very high and go down quickly. By hitting the reset button I pay top excise tax again. You will probably pay some document fees.
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Old 05-27-2015, 12:50 PM
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Re: Call from dealer to trade in?=

Quote:
Originally Posted by lstowell View Post
It makes sense if it makes sense to you and your situation.
Your dealer may be fishing, they may want a few of your model as used to sell, or they may just be a bit down on quota. You don't really care, what you care about is what is in it for you.

You'll take a depreciation loss, and scratches and dents won't help your vehicle worth since the dealer has to sell it and any repairs come out of the trade price. You may not care.

Where you can get in trouble is if the trade they offer you puts you under water such that you'll need to move the finance of your current vehicle onto the new one such that you pretty much start out under water--where this bites more if you plan to trade again rather than keep it till the wheels come off.


If your current vehicle is trouble free and you don't need/want to upgrade to a higher model, it might not make much sense....

BUT, if they have good free snacks and you have free time, it never hurts to ask them what they have in mind but what would be in it for you should you bite.


"free snacks", "bite"

Funny.
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Old 05-27-2015, 01:02 PM
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Re: Call from dealer to trade in?=

Check on the trade-in and private resale values, the Jeep resales are high right now, and dealers are looking to profit from it. They're probably hoping to trade you up for nothing, make $1000s on the trade resale, as well as making $$ on the new sale. The uninformed consumer walks out with a new car for "nothing" but another year of payments, actually trading equity over to the dealer thinking no equity existed after only a year.
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Old 05-27-2015, 01:10 PM
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Re: Call from dealer to trade in?=

Just did the exact same with my 2015 Limited. The way I thought about it I got 4 brand new tires, got rid of all the scratches and dings and started the warranty over. Had a 2014 V8 limited with 16k miles, sunroof, and nav. Dealer gave me $32,700 for my trade. The dealer actually didnt even check out my trade in until the trade in price was negotiated and the deal was finished. I was very surprised, kept my old key in my pocket until i handed it to them and got the new key.

Bought a 2015 Limited with the same features but only a v6. The MSRP was $42,300. Got mine for $36,207+$333 Processing+Taxes and Tags.

I did add another 20 months to my financing but my monthly payment actually went down.
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Old 05-27-2015, 03:18 PM
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Re: Call from dealer to trade in?=

But you downgraded to a v6! Major burn!
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