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Old 03-12-2013, 02:10 PM
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Residuals & Money Factors

Anyone have a list for the residuals and money factors for this month?

I'm crunching numbers for a 14 Jeep Grand Cherokee Limited.

Thanks.
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Old 03-12-2013, 02:54 PM
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Would also like to know for an overland please!! Located in NY.
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Old 03-13-2013, 06:38 AM
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Re: Residuals & Money Factors

This is for Limited

36 mo - 57%
39 mo - 55%

At 10k miles, subtract 2% for 12k miles and 3% for 15k miles.

Money factor will depend on the bank. US Bank is much better than Ally.
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Old 03-13-2013, 06:42 AM
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Re: Residuals & Money Factors

Quote:
Originally Posted by iamwiz82 View Post
This is for Limited

36 mo - 57%
39 mo - 55%

At 10k miles, subtract 2% for 12k miles and 3% for 15k miles.

Money factor will depend on the bank. US Bank is much better than Ally.
Thanks for the residuals. Do you have the money factors for both banks?
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Old 03-13-2013, 07:04 AM
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Re: Residuals & Money Factors

I've heard that .00009 is something to aim for. We settled on .00010 with the dealer.
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Old 03-13-2013, 03:33 PM
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I'm getting quoted a residual of 50.7% from a dealership in Long Island on an Overland, 12K miles/year. This seems pretty low. Is this negotiable with the dealer? And has anyone else seen residuals on overlands? Thanks for the help.
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Old 03-13-2013, 04:06 PM
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Re: Residuals & Money Factors

The residuals I've seen so far (here and other threads/people) are ridiculously low on the Overland but the Limited model looks really good when it comes to residual.

I just don't understand the logic behind it...
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Old 03-13-2013, 05:05 PM
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Quote:
Originally Posted by Copefree View Post
The residuals I've seen so far (here and other threads/people) are ridiculously low on the Overland but the Limited model looks really good when it comes to residual.

I just don't understand the logic behind it...
Not good for me! Thanks though.
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Old 03-13-2013, 07:24 PM
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Re: Residuals & Money Factors

Quote:
Originally Posted by Copefree View Post
The residuals I've seen so far (here and other threads/people) are ridiculously low on the Overland but the Limited model looks really good when it comes to residual.

I just don't understand the logic behind it...
More expensive models typically have worse residuals, as they depreciate more.

As to why it's such a large change now, my guess is that a) the Limited got moved down a trim level and b) they expect Overland buyers to potentially be Grand Wagoneer buyers, and are compensating for future competition, from the GW and other vehicles coming out in the near future?
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Old 03-13-2013, 07:43 PM
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Re: Residuals & Money Factors

Its just that the more expensive models depreciate more, hence the lower residuals.
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Old 03-13-2013, 10:23 PM
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Re: Residuals & Money Factors

I still don't understand why more expensive models would depreciate more. Isn't it pretty linear?

Why does a $44k Limited have a 56% residual and a $48k Overland have a 51% residual? I guarantee you the Overland will be worth more than the Limited in three years (assuming they have the same amount of miles, etc.).

Can someone explain this?
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Old 03-13-2013, 10:29 PM
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Re: Residuals & Money Factors

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".
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