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  #1  
Old 08-27-2014, 09:28 PM
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Might need to Sell my Jeep Quickly

I have a 1 year old Limited with 18K miles. Pretty much flawless (after transmission firmware updates). Absolutely love the truck.

I paid around $38K. Has Tow and 8.4AN. That's it.

First would a dealer buy it and/or allow me to trade down to something cheap say something around $5k.

If so, what do think I could get?

Alternatively, if I sold it on my own what could I get for it, if I want to move it quickly.

I'm buying a piece property that is very expensive. I need to get the Jeep off the books. When all said and done I will buy another. Probably with ACC.

I took the 3 Year 0% interest on the whole thing. So it's a pretty hefty payment $1100.00/mo

Oh also I have the lifetime warranty on it. Is there anyway I can recover anything from that? Never used even the rental on it.

Please I don't need advice on why I'm doing this. I've done it before and I'll do it again and never regretted it.

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  #2  
Old 08-27-2014, 09:33 PM
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Might need to Sell my Jeep Quickly

So you are asking for advice but you don't want it because you've done it before and will do it again???




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Old 08-27-2014, 09:36 PM
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Re: Might need to Sell my Jeep Quickly

Your warranty contract should spell out what cancellation will get you.

Your dealer is the best one to tell you if he will make the deal you want. If he says no, try another dealer. It doesn't have to be a Jeep dealer.


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Old 08-27-2014, 10:27 PM
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Re: Might need to Sell my Jeep Quickly

I'd cancel the service contract on it now....the sooner you cancel the more $ you get.

Your best bet is selling on AutoTrader --- I have sold 5 or so vehicles on AutoTrader and usually sells in about a week (my 2005 GC sold in 2 hours of going live, my 2011 GC took around a week or so I think). No doubt you get the most $ selling it yourself esp since any sales tax savings on buying a $5K vehicle is small.

Best of luck!
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Old 08-27-2014, 10:46 PM
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Re: Might need to Sell my Jeep Quickly

Quote:
Originally Posted by mswlogo View Post
I have a 1 year old Limited with 18K miles. Pretty much flawless (after transmission firmware updates). Absolutely love the truck.

I paid around $38K. Has Tow and 8.4AN. That's it.

First would a dealer buy it and/or allow me to trade down to something cheap say something around $5k.

If so, what do think I could get?

Alternatively, if I sold it on my own what could I get for it, if I want to move it quickly.

I'm buying a piece property that is very expensive. I need to get the Jeep off the books. When all said and done I will buy another. Probably with ACC.

I took the 3 Year 0% interest on the whole thing. So it's a pretty hefty payment $1100.00/mo

Oh also I have the lifetime warranty on it. Is there anyway I can recover anything from that? Never used even the rental on it.

Please I don't need advice on why I'm doing this. I've done it before and I'll do it again and never regretted it.

Kind of hard to answer your question without giving advice. Could you possibly shift your Jeep to a family member if all you want to do is get it off your credit report. You are going to take a tremendous hit on selling it now and shifting it to a family member would save you having to do that. Then when it is paid off you could still sell it if you wanted too but if ACC is all you want on a new model again I am not sure that is worth the hit you would take. Who holds your contract on your Jeep? Would they clear the title if you asked? At one time I had a car financed through my local credit union and they were willing to clear the title for me just by asking them. Last suggestion, what kind of financing are you getting on that property? When I bought my condo/townhouse I rolled everything I could think of into the financing. Is it possible you could do that?
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Old 08-27-2014, 11:10 PM
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Re: Might need to Sell my Jeep Quickly

^^^ What good would clearing the auto title due if it is a debt to income issue - there would still be the debt and the monthly payments in the equation regardless of whether or not the auto title shows no encumbrances...
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Old 08-27-2014, 11:36 PM
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Re: Might need to Sell my Jeep Quickly

Most buck for your bang: cancel warranty, sell it yourself.
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Old 08-27-2014, 11:40 PM
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Re: Might need to Sell my Jeep Quickly

I have a loan on the Jeep. $1100.00/mo it has to go, period. Too high a debt ratio with it. This is only temporary, I want to purchase another home before selling old one.

I will sell the Jeep to pay off the loan. With a little bit left over. I owe $27K.

Very good point about the title. Getting that title can take a few weeks. Crap.

It's financed through Chrysler.

That might be another reason I might have to go through dealer. They can deal with waiting for title, where a private sale probably can't.

Anyone know how long Chrysler takes to get title?

How does one cancel the warranty?
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Old 08-28-2014, 07:51 AM
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Re: Might need to Sell my Jeep Quickly

I would go talk to the finance manager at your dealer, not the sales guy. Explain what you need to do and that you will be coming back to buy, then just work out the price, they should take care of the rest. It's is what I did once some time ago and it worked out well. Good luck.
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Old 08-28-2014, 08:11 AM
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Re: Might need to Sell my Jeep Quickly

Not too sure how it works but if you just need a lower monthly payment to show the creditors so that the monthly income hit isn't so high for there formula why not just take some equity out of your home and pay it off if you intend to rebuy anyway. This way you could stretch out the debt over 15 or 30 years for the books and then just pay it off faster when you get past the mortgage process and close on the new home. If its just a matter of the bank isn't focusing on the monthly payment and only the additional debt I would say the quickest way would be to go to one of those places that buys your car like a carmax. They can get you out of it quick. Going to take a big hit, but thats the best bet. Might even have something cheap u can trade into.
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Old 08-28-2014, 01:03 PM
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Re: Might need to Sell my Jeep Quickly

rubber', that doesn't solve the issue of debt to income if the debt is just shifted to a different instrument. The OP needs to eliminate the $27K debt totally to do that. It's not just about the monthly payment. It's the debt.
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Old 08-28-2014, 01:17 PM
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Re: Might need to Sell my Jeep Quickly

Cancel the warranty now. I cancelled mine and got like 60% back after 2 years and received the check in a week. Any dealer can cancel it for you. Also, see what Carmax will offer you...they will take care of loan payoff and cut you a check on the spot. They gave me a decent offer, but I ended up selling it for a couple thousand more via a private sale. Got quite a bit of interest on eBay, but mine was a loaded Overland w/ V8, so the market may be different. It wouldn't hurt to go ahead and put together a good listing on eBay now and see what Carmax will give you. You have a week to take Carmax up on their offer.
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