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  #13  
Old 03-14-2013, 07:12 AM
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Re: Residuals & Money Factors

At the end of 36 months an Overland and a Limited will be a very very similar price point. Go to Craigslist and price out 2-4 year old cars of different trims, you will see the price is pretty much the same, or at least close. 2011 Limiteds versus Overlands in Detroit seem to hover around the exact same price, for example.
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Old 03-14-2013, 06:21 PM
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Re: Residuals & Money Factors

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Originally Posted by SW03ES View Post
The Overland will be worth more, but not the same percentage more. Lets say you buy a $5,000 option package on a $30,000 car. Essentially 17% of the cost of the car.

3 years down the line, is that car worth 17% more than a car with the same option package? No. Might be worth $1,500 more. The package depreciated at a much higher rate than the base car.

If you look at used car values and play around with KBB, etc you see that.

Thats why when leasing the smart Jeep to lease is probably an absolutely loaded Limited vs a base Overland. Cost and equipment may be very close, but because the Limited is a Limited the residual is going to be better and the lease will be cheaper. Whereas if you are buying the Overland will probably actually be worth more on resale because "its an Overland".
He nailed it on all points.

Loaded out Limiteds will sell for less later on down the road because they're "just a Limited". It may have all the packages, but to mr. car salesman and mr. uninformed consumer, it's just a Limited, with some packages they're going to give you very little for.

The key is that the residuals for leases don't include the options into it. So your lease is based off the relatively inexpensive and high residual Limited, and doesn't factor in the higher depreciating options you've picked. Those options are standard on Overland, so they're included.

I bought the Overland instead of a loaded Limited because I could justify the extra expense for the leather dash and door tops, the nicer leather, and all the other interior upgrades. It's up to you to decide if it is worth it for you.
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Old 03-14-2013, 11:01 PM
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Re: Residuals & Money Factors

Been deciding whether to purchase a fully loaded 2014 Limited (Lux Grp, Nav Radio, 20" wheels, Trailer Tow) or an Overland. Overland is $1,800 more. Had the dealer look up the current value of a 2011 Limited and Overland. 2011 Overland was $2,300 higher than the limited. So concluded that if you trade every 3 years, you get the extra cost of the Overland back on the trade-in. Also, I like QL and front grill look of the Overland. Al
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Old 03-14-2013, 11:05 PM
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Re: Residuals & Money Factors

Absolutely, if you're buying get the Overland, if you are leasing get the loaded Limited.
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