Go Back   Jeep Garage - Jeep Forum > Jeep Platform Discussion > Grand Cherokee - WK2 -

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #49  
Old 02-05-2013, 09:08 PM
FAUEE's Avatar
Member
My Jeep: 2011 5.7L WK2
 
Join Date: Feb 2012
Location: Hickory, NC
Posts: 941
Thanks: 0
Thanked 11 Times in 11 Posts
Rep Power: 4687
FAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond repute
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

Quote:
Originally Posted by bill_de View Post
Residuals on leases have more to do with the lease contract than the actual car value. If you pay too much up front and over three years your residual is low.


.
I'm talking about the residuals on the cars typically leased. It's not until you get into their more expensive SUVs of theirs you start to see decent residuals.
__________________

__________________
Reply With Quote
  #50  
Old 02-06-2013, 05:33 PM
SW03ES's Avatar
Senior Member
My Jeep: 2014 3.6L WK2
 
Join Date: Jun 2011
Location: Gaithersburg, MD
Posts: 1,853
Thanks: 17
Thanked 61 Times in 49 Posts
Rep Power: 1303578
SW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond repute
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

You mean lease contract residuals? BMW and MB have excellent lease residuals, thats why they have good leases...and why you see so many of them on the road. Audi is the exception, terrible residuals.

The contract residual and the actual resale value are different things. Manufacturers set residuals to get the lease payments where they need to be in order to move the product.

As for Range Rovers, beautiful I agree...but terrible reliability.
__________________

__________________
~Steve~
2014 Jeep Grand Cherokee Overland V6 4X4. Maximum Steel w/ Vesuvio Jeep Brown/Indigo Blue. Advanced Tech Pkg.
2013 Lexus GS350 AWD, Liquid Platinum w/ Flaxen. Luxury & Cold Weather Pkg
Previous Jeep: 2011 Grand Cherokee Laredo X w/Nav, QT1 & Trailer Tow
Reply With Quote
  #51  
Old 02-06-2013, 05:51 PM
bill_de's Avatar
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: Sep 2012
Posts: 6,391
Thanks: 341
Thanked 368 Times in 319 Posts
Rep Power: 1801966
bill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond repute
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

Quote:
Originally Posted by SW03ES View Post
You mean lease contract residuals? BMW and MB have excellent lease residuals ...
What's excellent? Doesn't it depend on whether you plan to buy, or walk away, at the end of the lease?


tThere was a time when GM and Ford had lease payments set so low that the residuals were too high to sell the cars. The finance companies became used car dealers negotiating $3 deals just to keep people in the cars.

Today, if you change cars every 2 - 4 years without the overhang of huge long term loans, you should make out better buying, over leasing.
__________________
If you need a shoulder to cry on ...

... pull over to the side of the road!
Reply With Quote
  #52  
Old 02-06-2013, 06:56 PM
FAUEE's Avatar
Member
My Jeep: 2011 5.7L WK2
 
Join Date: Feb 2012
Location: Hickory, NC
Posts: 941
Thanks: 0
Thanked 11 Times in 11 Posts
Rep Power: 4687
FAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond reputeFAUEE has a reputation beyond repute
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

Quote:
Originally Posted by SW03ES View Post
You mean lease contract residuals? BMW and MB have excellent lease residuals, thats why they have good leases...and why you see so many of them on the road. Audi is the exception, terrible residuals.

The contract residual and the actual resale value are different things. Manufacturers set residuals to get the lease payments where they need to be in order to move the product.

As for Range Rovers, beautiful I agree...but terrible reliability.
I'm talking actual resale values, and therefore what you can expect to get out of them should you decide to trade it in. You'll get slaughtered with the Germans, Lexus and Acura are really the way to go if you want to not lose your ass with trade in value on a luxury car.

Jeep isn't known for good short term resale values. Look at how many $45k and up GCs there are now in the $30s, most of which are a year or two old. It was like this before the 2014s were announced as well, so it doesn't have to do with that.

The god news is, GCs tend to hold value well over the long term. There's WK1 Overlands STILL selling in the upper 20s with not all that low of mileage. Not bad for a vehicle outdone in every single way by the WK2.
__________________
Reply With Quote
  #53  
Old 02-06-2013, 07:07 PM
bill_de's Avatar
Premium Member
My Jeep: 2014 5.7L WK2
 
Join Date: Sep 2012
Posts: 6,391
Thanks: 341
Thanked 368 Times in 319 Posts
Rep Power: 1801966
bill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond reputebill_de has a reputation beyond repute
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

[QUOTE=FAUEE;755426]I'm talking actual resale values...QUOTE]



OK, to me and everyone I know, residual always referred to leases, while trade in value was associated with something you own.

We may all speak English, we just don't all speak the same language.
__________________
If you need a shoulder to cry on ...

... pull over to the side of the road!
Reply With Quote
  #54  
Old 02-06-2013, 08:07 PM
lysol's Avatar
Member
My Jeep: 2013 5.7L WK2
 
Join Date: Dec 2012
Location: The Federal City
Posts: 317
Thanks: 0
Thanked 5 Times in 5 Posts
Rep Power: 1053
lysol is on a distinguished road
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

Quote:
Originally Posted by SMG1 View Post
The only thing offered on the Overland that's not offered on the Limited is the wood steering wheel and leather door uppers/dash. I wouldn't call that a lot more technology.
Can you get the front parking assist or the headlight washers on the Limited?
__________________
"I've got GREAT news! , I just saved a bunch of money on my motorcycle insurance by outrunning the cops."

'13 WK2 Overland Summit V8 (Black Leather) Mineral Grey
Reply With Quote
  #55  
Old 02-06-2013, 08:26 PM
Senior Member
 
Join Date: Jul 2010
Location: Troy OHIO
Posts: 1,021
Thanks: 36
Thanked 36 Times in 27 Posts
Rep Power: 72581
Srt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond reputeSrt8_hmi has a reputation beyond repute
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

Quote:
Originally Posted by lysol View Post
Can you get the front parking assist or the headlight washers on the Limited?
Not even an option for the Overland. Exclusive to the Summit..
__________________
My Mopar YouTube channel

2008 SRT8 ,2011 X, 2014 Overland, 2012 SRT8 ,2014 Durango RT
2014 SRT-current
Reply With Quote
  #56  
Old 02-07-2013, 11:53 PM
SW03ES's Avatar
Senior Member
My Jeep: 2014 3.6L WK2
 
Join Date: Jun 2011
Location: Gaithersburg, MD
Posts: 1,853
Thanks: 17
Thanked 61 Times in 49 Posts
Rep Power: 1303578
SW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond reputeSW03ES has a reputation beyond repute
Re: When did a V6 Jeep Grand Cherokee become worth $50k?

Quote:
Originally Posted by bill_de View Post
What's excellent? Doesn't it depend on whether you plan to buy, or walk away, at the end of the lease?
I've leased cars for many years, and the right way to lease is to walk away at the end. If you're going to buy it, its cheaper overall to just buy it from the start. I want the residual as high as possible so my payments are low, and in 3 years I will just get a new one.

Quote:
Today, if you change cars every 2 - 4 years without the overhang of huge long term loans, you should make out better buying, over leasing.
Depends. I personally deduct a vehicle for business, so for me leasing is a much better deal there because I can write off the payments with no fear of having to recapture any depreciation.

The other risk with a long term loan is the unknown quantity of resale value. If you run a loan term long enough to get the payment down to a lease payment you risk being upside down when you go to sell the car in 3 years. With the lease, you can trade or sell the car if the value is good and make out on the deal, like I did on the Lexus, or you can simply trade it in and walk away if resale is poor.

Quote:
Originally Posted by FAUEE
I'm talking actual resale values, and therefore what you can expect to get out of them should you decide to trade it in. You'll get slaughtered with the Germans, Lexus and Acura are really the way to go if you want to not lose your ass with trade in value on a luxury car.
Oh yeah, actual resale values are completely different from lease residuals.

Yeah I traded my leased Lexus ES350 in on the GS350 and made $1,000 on the deal...and that was a lease. Much better than turning it in as I made the $1k, then saved $1,300 in sales tax on the new one.
__________________

__________________
~Steve~
2014 Jeep Grand Cherokee Overland V6 4X4. Maximum Steel w/ Vesuvio Jeep Brown/Indigo Blue. Advanced Tech Pkg.
2013 Lexus GS350 AWD, Liquid Platinum w/ Flaxen. Luxury & Cold Weather Pkg
Previous Jeep: 2011 Grand Cherokee Laredo X w/Nav, QT1 & Trailer Tow
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The wife's Grand Cherokee :: 2013 Jeep Grand Cherokee Laredo X 4X4 jpcjf Member Garage Discussions 0 12-28-2012 09:12 PM
Jeep Grand Cherokee lardeo :: 2006 Jeep Grand Cherokee sandbox Member Garage Discussions 0 10-10-2012 08:31 PM

Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 10:36 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright 2012 - JeepGarage.Org
The Jeep Grand Cherokee Owners Community

JeepGarage.org is in no way associated with or endorsed by Chrysler Group LLC.