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  #13  
Old 06-07-2012, 03:59 PM
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Re: Your Opinion Please - Trade in 2011 Overland

I understand your concern over the value of your Jeep depecreiating more if you want longer, but I without a doubt would wait for the 2014. Just deal with your 2011 until then and then you can enjoy all the changes and additions in the new Jeep. From the sounds of it it's gonna be worth it. Hell, I just bought my 2012 Overland a few months ago with zero issues and I already want a 2014 :-)
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Old 06-08-2012, 04:21 PM
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Re: Your Opinion Please - Trade in 2011 Overland

Quote:
Originally Posted by Yadkin View Post
So it will cost you $8000 for a one year newer vehicle.

Assume a 0% interest rate. $8000/ 12 = $667/ month.

Assume your existing vehicle was $40k and 60 month loan period, again at 0%, for $667/ month.

Based on that analysis, you are breaking even. But you're getting a more expensive vehicle, and it's one year newer, so he's offering you a great deal.
This is flawed math.

A 5 year old vehicle with 60K miles has a trade in value of ~14K
So 40K - 14K = 26,000/60 = $434/month.

So not the greatest deal if you are typically a long term owner as the above vehicle would be under the 5/100 warranty the whole time so the owner would really not have any high repair bills. The owner might even do nothing other than oil changes over that time period and if the tires are well rotated could have avoided buying a new set.

So $667 vs $434 a month is $233/month difference * 12 months = ~$2,800.

So does the summit have ~$3K more of features?
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Old 06-08-2012, 08:45 PM
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Re: Your Opinion Please - Trade in 2011 Overland

OK Guys,

The final dealer's offer was $42K, but after reading your opinions, I will keep my 2011 and wait until 2014 be released. I didn't want a take the hit of used car for second time in the 2012.


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