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Need advice- trading from 2012 to 2013?

2K views 22 replies 9 participants last post by  jordanwallace 
#1 · (Edited)
I can trade my 2012 Overland 4x4 V8 brilliant black /beige for a 2013 Overland 4x4 V8 QDII brilliant black /black.

For $3,500.

I have $18,000 miles on mine and it's in perfect condition.

kbb private party price is $39,652.

I have $2,500 worth of incentives for the new one and basically would only be getting a different color interior (black) and QDII. I'd have to pay for tinted windows and clear bra all over again. Mine has rust protection too but not sure if that actually prevents rust.

With all of those incentives it would be like the dealer is getting $6,000.

Is this a good deal? Good deal, but still a waste of money?
I turned the deal down a few weeks ago.

I would also be paying extra for the black wood trim and steering wheel off of a Summit. And moving all of my Altitude parts and shark fin antenna over.

The 2013 MSRP is $47,880. The price would be half of holdback, or $700 below invoice less all incentives. So $41,500.

Trade for mine would be $38,000. Mine MSRP was $46,015 and I paid $42,872.

Thanks.
 
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#6 ·
I traded from a 2012 to a 2013. I traded in the 2012 Laredo E for $26,500 after about 10 months and 15K miles, my buy out on my financing was $26,000 so I had $500 in positive equity transfer. The 2013 Laredo X I was able to buy almost 20% off MSRP after applying all the rebates and dealer discounts -- just $1000 more then I paid for the 2012 lesser equipped vehicle 10 months earlier. I also decided to lease the 2013 so my payments went from $550 to $380 for a more expensive ride.

Honest to god, my 2013 drives much better then my 2012. I don't really know why, I think it may just be the newer tires, but the ride quality is much better and the road noise is much less. Maybe I had a bad 2012 but this 2013 is really tight and seems slightly better built IMO.

Since it doesn't look like your upgrading feature wise, have you thought about switching over to leasing. There is still a $5000 IDL rebate for leasing a 2013 through an third party leasing company -- it's a great deal. Otherwise I would try to get another 5% off for it to make sense IMO -- that purchase price is just too high on a 2013.
 
#7 · (Edited)
z0lt3c. I paid cash for mine and would be paying cash if I trade. I'm not interested in leasing. I don't know how I can get another 5% off. That would be below dealer cost. The price for the 2013 if I get all of the holdback and all incentives I qualify for would be $40,984.

<TABLE dir=ltr border=0 cellSpacing=0 cellPadding=2 width=635><TBODY><TR><TD height=16 width="79%">
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
Invoice​
</TD></TR><TR><TD height=16 width="79%">
2013 Overland 4x4​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
41308.00​
</TD></TR><TR><TD height=16 width="79%">
5.7L V8​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
1954.00​
</TD></TR><TR><TD height=16 width="79%">
Quadra-Drive II​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
619.00​
</TD></TR><TR><TD height=16 width="79%">
destination​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
995.00​
</TD></TR><TR><TD height=16 width="79%">
subtotal​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
44891.00​
</TD></TR><TR><TD height=16 width="79%">
holdback​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
-1407.00​
</TD></TR><TR><TD height=16 width="79%">
Power Bonus Cash​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
-1500.00​
</TD></TR><TR><TD height=16 width="79%">
Cash Allowance​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
-500.00​
</TD></TR><TR><TD height=16 width="79%">
Exclusive Bonus Cash Allowance​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
-500.00​
</TD></TR><TR><TD height=16 width="79%">
subtotal​
</TD><TD height=16 width="11%">
</TD><TD height=16 width="11%">
40984.00​
</TD></TR></TBODY></TABLE>
 
#20 · (Edited)
z0lt3c. I paid cash for mine and would be paying cash if I trade. I'm not interested in leasing. I don't know how I can get another 5% off. That would be below dealer cost.
Glad to hear you have a nice pile of cash lying around but not sure why I would spend it on a depreciating asset with financing rates under 1% in most cases. Remember a 2013 is a full model year old, at this point, and has already depreciated just sitting on the dealer's lot unsold.

The way to get another 5% off it to take advantages of additional rebates offered to finance. Even if you have no intention of continuing with the financing, it is still cheaper, for example, to buy via a lease, getting the $5000 IDL rebate, and then immediately buyout the lease.

The MSRP on my Laredo X was ~$41,000 and my purchase price after rebates and discounts was ~$32,000. The dealer only sold me the truck for 1% below invoice so they still made the 2% holdback plus monthly quota bonus. They are not selling below cost...
 
#15 ·
You're paying 3000 to get a newer OLD car. Take your family on a nice vacation with that money and before you go,wash wax and detail your car and you'll see how good it looks in your garage when you and the family get back stress free. Don't do a dealer a favor by lining his pockets with your cash.
 
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