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  #13  
Old 04-08-2016, 07:53 AM
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Re: Epic depretiation on my HA !

Thats a pretty crappy offer for your rig. I'd pull up some other offers through online estimates or physical offers (carmax or other jeep dealerships) and go back and wheel and deal.

I recently traded up from a '15 Limited to the '16 HA and had to do some negotiating to get the offer of my trade in up. They didn't start off that far off from my goal, but I had a small range I was looking for based on some research and multiple quotes. In the end we got right smack in the middle of the KBB appraisal and I was happy. Could I have gotten a bit more if I sold it privately? Yeah. But the-actual trade in process after that was extremely smooth and they did all the work. Plus they had the exact HA I wanted right there on the spot.

For a quick reference my 15 Limited had 15k miles on it with a $42k sticker purchased new - car was in perfect condition. My trade in value wasn't all that far off from what they are offering you. Eps considering you have a higher model and 14k higher sticker than I did. I k ow there are more factors that go into all that, but still feel you are getting way low balled. Like mentioned above, tell them it's not an altitude but a HA haha

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  #14  
Old 04-08-2016, 09:20 AM
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Epic depretiation on my HA !

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Originally Posted by Vance View Post
This is exactly why I bought used...
I did my research and basically found there is about a 20% depreciation hit on this level of SUV the minute you drive off the lot, then about another 10-20% first year... then it slows (depending on market).

Here in Denver nice SUVs like the WK2s and Durangos and Explorer Sport and 4 Runners always / still go for a premium. They take that 30-40% hit then stop there for a few years before starting to decline.

Hmm not sure where you bought, but I flew to Denver to buy my GC.

If you're dealing with a salesman that's part of your issue right there. Either deal with fleet sales or internet manager. Another thing is, your dealer could just suck. I've tried negotiating at several that were offering me horrid deals. I guess that's why the group buys are so popular here, most FCA dealers are a rip on top of dealers being rips to begin with.
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Old 04-08-2016, 09:51 AM
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Re: Epic depretiation on my HA !

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Originally Posted by overlanding View Post
Hmm not sure where you bought, but I flew to Denver to buy my GC.

If you're dealing with a salesman that's part of your issue right there. Either deal with fleet sales or internet manager. Another thing is, your dealer could just suck. I've tried negotiating at several that were offering me horrid deals. I guess that's why the group buys are so popular here, most FCA dealers are a rip on top of dealers being rips to begin with.
Actually the dealer I went to ended up with a brilliant experience - Centennial Jeep / Chrysler. I'm not complaining one bit about that - just that they definitely seemed to have the used ones marked up at a premium to start with trying to claim no wiggle room.

But after them trying to screw me on my trade in and threatening to walk to go to another dealer up the road who had an identical GC Limited, them feigning they didn't care because they had 4 other couples in there looking at used GCs too - the minute I started loading up my 3 year old to head back to my car and leave they started to negotiate based on my terms to get me to buy from them.

I ended up driving away with a GC with everything I wanted in it / on it from the dealer, taxes bundled in, and an extended bumper to bumper service warranty for good measure - all under the monthly price point I set as my cap I was willing to spend. Looking at the paperwork based on what I gave as a down payment, what they had to adjust my trade in to in order to make my monthly payment max, I'm pretty sure I got this thing for a steal compared to asking price and other options at Carmax, Echo Park and other dealers.

I mean, it's not perfect. It's not the color I wanted as my top pick - but one of the 3 colors I was willing to accept in looking. They even got me through 7 different options they had on the lot - pulling them up to the front one by one to go through them until we found one I liked enough to negotiate on, and then we were out the door in less than 3 hours because I had aforementioned sprog with me and I told them I had to be done by 1 or he'd be one pissed off little camper at sitting around, and I was not going to come back that day (another reason they pulled them up for me - so I wouldn't have to haul him around the lot looking at them).

Then when I realized they forgot to put floor mats in - when I called them back 2 hours later, they gave me both the regular cloth and brand new, still in the bag fitted MOPAR all weather ones - including the cargo area mat.

No my experience with the dealer was excellent. The price I got was excellent in the end --- it just took a bit of posturing to get them to start moving my direction.

I for one will never go to a car dealer that has "fixed no haggle pricing"... because the art of negotiation I think is critical on major purchases like a vehicle.
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  #16  
Old 04-08-2016, 04:32 PM
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Re: Epic depretiation on my HA !

Sold my 2014 Limited Diesel 4x4 with 24,000 miles on it a few months ago for $37,000. Paid $46,000 for it in April 2014.
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  #17  
Old 04-08-2016, 05:14 PM
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Re: Epic depretiation on my HA !

Yep!Dealerships use Black Book and also move the goal posts stating "it depends on the current market",or words to that effect,the other favorites are "KBB and NADA are more a GUIDELINE",like other people on this thread,I do a hell of a lot of research before buying as like some,I buy new,but for me,I want to know the history,buying new assures me I know the car,others buy used which,personally,I also think is very smart as more often,the depreciation is a lot less and they still have a premium vehicle.The numbers really did suck for you and like others noted,I think that was a pretty low offer.From your numbers,you DID get a good purchase price on your current vehicle,so,maybe shopping around would give you a better idea?In any event,even if you stay with what you have,you still have a cool Jeep.I do think an SRT8 is the uber cool Jeep so understand why you were interested in upgrading.Dont give up though,if that's what you want.
Depreciation SUCKS and we all have to eat it,in my case,I'm not overly bothered as I keep mine for years.(Still own a Jeep bought in 1990,I'm a Jeep fanatic).My '11 depreciated nearly $8,000 in the first year or so,year two I got numerous offers to " get me into a new Jeep" needless to say,I still own it as its been a problem free Jeep,once paid off I bought the '15 and will keep that for many years too.Dont get me wrong,I would LOVE to own an SRT8 but think my wife would beat me in my sleep as she knows I buy new!!!
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  #18  
Old 04-23-2016, 03:26 PM
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Re: Epic depretiation on my HA !

Dave Ramsey says a new vehicle is one of the worst investments you can make for the very reasons given above. I've never owned a brand new vehicle in my life. I let the first owner take the financial hit and get the bugs worked out. By the time I buy a two year old vehicle with low miles I've saved a ton of money and every vehicle I've bought has been trouble free and doesn't live at the dealership.
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Old 04-24-2016, 02:55 AM
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Re: Epic depretiation on my HA !

Depreciation on SUV's is horrible. I have been shopping SUV's for a few months and researching this and the worst so far are Audi's but none of them are good. Just plan on losing your left kidney buying one.

BTW check into the SRT brakes before buying one, they look to require about $1,000 a year just to maintain the brakes.
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Old 04-24-2016, 01:08 PM
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Re: Epic depretiation on my HA !

Quote:
Originally Posted by Governor View Post
Dave Ramsey says a new vehicle is one of the worst investments you can make
I never understood why people looked at their cars as "investments". Aside from people trading in rare, collectible, or exotic cars that actually have a chance of appreciating, cars are not investments any more than the food I buy to eat or the couch I buy to put in my living room. I need a car to get around, not to invest in. Yeah, I could try and buy a cheaper one (I imagine a used couch would be cheaper too) but it is of what to buy.
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