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I know there are a million threads on this, so I apologize. I did try to search, but at this point there are so many things to sift through...I'm just going to ask.
Visited my parents last night & my dad tells me that he decided he's buying a new vehicle - a Grand Cherokee. He looked at it last week at a local dealership, liked it a lot, started to talk numbers, but then mom slowed him down a bit. In this instance, I think that was good.
He's looking at a 2014 Limited (Deep Cherry) that appears to only have the tow package as an option. I'm going with him tomorrow night to look at it, so I'm going off the dealer's site only at this point. Based on the 2014 pricing thread, invoice is $36192 and $708 for the tow package, so $36900 total. The have it listed for $37-something, but told him they'd do basically $35200. If I'm looking at this correctly, it seems that this is about 4% under invoice & a pretty good price. This is supposed to be a "no haggle" dealership, but that begs the question..why was it listed at $37?
Here's the snag - they are SCREWING him on his trade in. My dad doesn't drive much, so his 2006 Ram 1500 Quad Cab Laramie (basically loaded vehicle) has 27,000 miles. They offered him $13,000. KBB is showing the lowest value, in rough condition, at about $18,000. I'm having a hard time reconciling a very good price on the vehicle but at the same time a terrible price on the trade in. If they're going to try to take advantage of him (which I think they are) why not do it on the purchase too? I guess it's making me question whether I'm missing something on the price they extended to him, that maybe it's not as good as it seems.
edit - just to clarify, the prices I looked at on KBB were for trade in, not retail. His vehicle has a little damage to the upholstery on the drivers door panel (their puppy decided to chew on it) but is otherwise in perfect shape.
Visited my parents last night & my dad tells me that he decided he's buying a new vehicle - a Grand Cherokee. He looked at it last week at a local dealership, liked it a lot, started to talk numbers, but then mom slowed him down a bit. In this instance, I think that was good.
He's looking at a 2014 Limited (Deep Cherry) that appears to only have the tow package as an option. I'm going with him tomorrow night to look at it, so I'm going off the dealer's site only at this point. Based on the 2014 pricing thread, invoice is $36192 and $708 for the tow package, so $36900 total. The have it listed for $37-something, but told him they'd do basically $35200. If I'm looking at this correctly, it seems that this is about 4% under invoice & a pretty good price. This is supposed to be a "no haggle" dealership, but that begs the question..why was it listed at $37?
Here's the snag - they are SCREWING him on his trade in. My dad doesn't drive much, so his 2006 Ram 1500 Quad Cab Laramie (basically loaded vehicle) has 27,000 miles. They offered him $13,000. KBB is showing the lowest value, in rough condition, at about $18,000. I'm having a hard time reconciling a very good price on the vehicle but at the same time a terrible price on the trade in. If they're going to try to take advantage of him (which I think they are) why not do it on the purchase too? I guess it's making me question whether I'm missing something on the price they extended to him, that maybe it's not as good as it seems.
edit - just to clarify, the prices I looked at on KBB were for trade in, not retail. His vehicle has a little damage to the upholstery on the drivers door panel (their puppy decided to chew on it) but is otherwise in perfect shape.