Possibly farewell to the Jeep

CHevy06 · **Posted:** Thu May 15, 2008 12:50 am

Talked to a chevy dealership and the offered 14,500 for trade in on it. Am think about doing it since diesel is now 4.47 a gallon here in North Dakota. Since I dont really need 4wd to bad I might be getting a 2wd Colorado w/t and will owe less on that than the Jeep. Will miss the clatter of the diesel though.

Sir Sam · **Posted:** Thu May 15, 2008 12:54 am

we guess is when you run the numbers that the new truck will still cost more per mile than your jeep

CHevy06 · **Posted:** Thu May 15, 2008 1:02 am

Actually they wont I will be making almost 2000 by trading in the Jeep plus 1500 dollars in rebates and a have a bumper to bumper warranty wich just expired on the Jeep. I still have the 7 year 70,000 mile warranty on the Jeep. Also its a 4 banger 5 spd so gas mileage should be the same or better. We dont get a lot of snow up here as people would think so 4wd drive seems kind of a waste at times and I miss ownig a small truck. Oh yeah insurance will also drop.

Threeweight · **Joined:** Mon May 14, 2007 5:57 pm **Posts:** 679

You won't be "making" money on the trade in... anything the dealer is giving you is either 1) less than the private market value or 2) made up for by added costs/interest rate/etc... somewhere else. Dealers aren't in business to help their customers make a profit

I think you might be disappointed on the MPG on the Chevy.

http://www.fueleconomy.gov/mpg/MPG.do?a ... rado%202WD

Were I looking to save $$ on fuel and didn't need 4wd (and I assume you don't need a pick up since you have the Jeep) I'd look at a small or mid-sized car. The extra 50 cents a gallon you save on fuel in the pick up over the Jeep (assuming you actually get the same mileage) will be offset by the $$ you are losing from private market value. If you can swing it, I'd put the Jeep on Craigslist or something for a couple weeks and see if you can get 16 or 16.5k for it.

Sir Sam · **Posted:** Thu May 15, 2008 1:44 am

Threeweight wrote:

You won't be "making" money on the trade in... anything the dealer is giving you is either 1) less than the private market value or 2) made up for by added costs/interest rate/etc... somewhere else. Dealers aren't in business to help their customers make a profit

I think you might be disappointed on the MPG on the Chevy.

http://www.fueleconomy.gov/mpg/MPG.do?a ... rado%202WD

Were I looking to save $$ on fuel and didn't need 4wd (and I assume you don't need a pick up since you have the Jeep) I'd look at a small or mid-sized car. The extra 50 cents a gallon you save on fuel in the pick up over the Jeep (assuming you actually get the same mileage) will be offset by the $$ you are losing from private market value. If you can swing it, I'd put the Jeep on Craigslist or something for a couple weeks and see if you can get 16 or 16.5k for it.

He speakith thine truth.

CHevy06 · **Posted:** Thu May 15, 2008 2:31 am

I owe less on the Jeep than what they are paying me for it(12500 vs. 14,500) so please explain how i wont be making a little of it. Also i wont be financing through GM. I will be using USAA with a rate of 5.64. Also over all maintenance costs are higher on the Jeep such as oil changes, fuel filters etc. Also to assume I dont need a truck would be wrong otherwise I wouldnt be looking at one. Also the deal isnt finalized yet so I plan getting as much out of them as i can. Maybe a touneu cover or something.

Sir Sam · **Posted:** Thu May 15, 2008 2:38 am

CHevy06 wrote:

I owe less on the Jeep than what they are paying me for it(12500 vs. 14,500) so please explain how i wont be making a little of it. Also i wont be financing through GM. I will be using USAA with a rate of 5.64. Also over all maintenance costs are higher on the Jeep such as oil changes, fuel filters etc. Also to assume I dont need a truck would be wrong otherwise I wouldnt be looking at one. Also the deal isnt finalized yet so I plan getting as much out of them as i can. Maybe a touneu cover or something.

just because you owe less than what they are giving you doesn't make it a good deal

If you owed $100 on it and they gave you $200 you would be getting ripped off, the same analogy applies here.

maxxgraphix · **Joined:** Wed Mar 26, 2008 8:11 am **Posts:** 53

The Colorado's are a 5 banger and get mid 20's for mpg. A friend of mine has one. FYI: Gasoline is going up in price fast. Don't count on the price span. It may not be that way soon.

dieseltoyz · **Joined:** Wed Oct 17, 2007 11:28 pm **Posts:** 64

Is it me or is $14,500 a little low for a CRD? You'd be better off selling it on eBay then taking the cash in and putting that down on whatever you decide. Most CRD's on eBay sell for at least $16,500. -Todd

DarbyWalters · **Posted:** Thu May 15, 2008 12:33 pm

His moniker is CHevy...so I think his mind is made up. Only 21 posts and has a CRD...makes me wonder a bit. But he is in the military and had a Chevy Silverado before, hence the moniker. The mileage should be about the same between the CRD and Chevy (except most here know we can get great hwy mpg in the summer months). My big contention is not to buy Gas vs Diesel based on pump prices...they are way too quirky to base any purchase on right now. Instead, buy what you like...make the deals as you may...and if you are happy with your decision, then you have done good for yourself.

DarbyWalters · **Posted:** Thu May 15, 2008 12:40 pm

dieseltoyz wrote:

Is it me or is $14,500 a little low for a CRD? You'd be better off selling it on eBay then taking the cash in and putting that down on whatever you decide. Most CRD's on eBay sell for at least $16,500. -Todd

People in CA and the Pacific Northwest are trying to find these CRDs and seem to be paying much more than $14,500.00. People run into time crunches, would rather have a warranty, just want a new vehicle or change for any number of reasons.

fastRob · **Posted:** Thu May 15, 2008 12:48 pm

I thought about the Colorado before the Liberty.
Test drove it.
I thought the Vibe was better than the Colorado for a gasser.
Asked a Colorado owner about his at a gas station. He said, 'gets the same gas mileage as a full size only smaller.'
Hope he tells the new owner about LOST KJ.

crd liberty · **Posted:** Thu May 15, 2008 5:16 pm

dieseltoyz wrote:

Is it me or is $14,500 a little low for a CRD? You'd be better off selling it on eBay then taking the cash in and putting that down on whatever you decide. Most CRD's on eBay sell for at least $16,500. -Todd

---------------------------
When I was pis''' off at mine at 22,000 miles, that is what the dealer offered me
on a new 08KK. 7425 was the difference they wanted.
The cents per mile didn't match my CRD and by than I had found you guys
and got the KJ like it should be. Darn sure glad now that I am not driving
a new KK at 15-17 MPG at 3.80 a gallon. I love diesel at 4.60 :cry:

Trying
not to upchoke.

We went thru this high price in the 70"s but back than there was a actually
shortage of fuel. I had 2 tanks in the ground but couldn't get them filled.
All of that is another story. I like my jeep and the price per mile that it gives
me. If someone is going to chase the dream, so be it. Been there and done
that. The stealerships will love them, for just a bit anyways.
Just my 2 cents.
Steve

Threeweight · **Joined:** Mon May 14, 2007 5:57 pm **Posts:** 679

CHevy06 wrote:

I owe less on the Jeep than what they are paying me for it(12500 vs. 14,500) so please explain how i wont be making a little of it.

If private party value in your region is 16.5k and your trade it in at 14.5k, you just lost $2000, regardless of what you actually owe on it. If they give you full retail on the trade but bump your interest rate up from a best-case of 6% to 7 or 8%, you just lost a couple thousand $$.

The dealer will turn around and mark it up to 18.5k and put it on the lot for full retail (or on auction so it can be shipped to Seattle or Portland and sold for 19.5k)

Dealer trade in is generally the lowest possible $$ you will get for a car. Check Kelly Blue Book to get a general idea of value. I just looked mine up (2006 Limited, all options), and in Portland it's private party value is:

Condition Value

Excellent
$19,980

Good
$18,840

Fair
$17,330

The best way to buy a car these days (again, if you can swing it-your transportation situation may not allow this) is to sell your current vehicle on the private market, then either get pre-approved for a loan amount through a local bank or credit union, or straight out borrow the cash you want to spend from a bank or credit union (if you sell your Jeep for $16k and want to buy a new vehicle, sell the Jeep, pay off the current $12k you owe, then borrow the money you need through the local credit union--you will generally get better interest rates this way).

Look up the Edmunds "best price" info at Edmunds.com on the internet for the vehicle you want, then walk into your dealer, check out the car, and tell them you'll give them 5% less than the Edmunds price (cash money, no financing). Then let the haggling begin, with Edmund's price as your walk-away number.

You will be in the position of greatest strength in the negotiations. You have cash, you don't need financing, and you can walk down the street to the next dealer if they won't play ball. They want your business, because even if they only make 8% profit off the new vehicle instead of 15 or 20%, they move product, make money, and clear the showroom for the next vehicle.

cocojo · **Posted:** Fri May 16, 2008 8:19 am

I just traded in my CRD and I can tell you $14,500.00 is too low. I had a 06 crd 24000 miles. The vehicle was very clean but I had backed into something during the winter months and cracked the rear bumper and made a hole in it. I had an estimate for the damage and it was $500.00, because you just couldn't replace just the corner. You have to replace the whole bumper and top step piece which was glued on. It needed tires almost to wear bars and brakes in about 5000 more miles.
They wanted to give me $14,500.00 on a trade for a new 08 liberty limited, I said no way. By the way, I needed a tow hitch with seven prong wiring, which was not on the limited and they wanted $400.00 for that. The limited already had the tranny cooler on it. They came back with $15,000.00 and they would throw in the hitch. I said no way. They asked me what I wanted to make the deal. I told them $16,500.00 and they throw the hitch in. The owner came over to me and started to deal with me and said he wants me back as a customer. I thought to keep the owner in charge over his two employees I would give just enough for him to save face. I said I would split the tow hitch with him for the $200.00 dollars he said to the men make the deal.

Here is want I got:
$16,500.00 for my CRD Sport
200.00 for the tow hitch on the new Liberty
500.00 for saving my money on my rear bumper. I have a five hundred dollar deductable
450.00 for tires
?????? for the futre brakes
______________________________

$ 17,200.00 not counting the tires
I ran all the fuel out of the my vehicle and it needed an oil change.

AND THEY STILL MADE MONEY

By the way, I got back $1550.00 back from my extended warranty from my CRD and $1500.00 cash back from Chrysler rebate.

Possibly farewell to the Jeep

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