CRD resale value?

oldnavy · **Posted:** Thu Jan 11, 2007 2:38 pm

What seems to have hurt the CRD resale is the fact that Jeep pulled the plug on the vehicle for diesel platform and now we have a what is an odd ball unit that could have a future higher resale value then the gas version, but not at the present. That market has just dried up for the CRD and there seems to be a glut of used ones from what I am hearing, not to mention the fact that word is out about possible reliability problems. We will just have to wait and see how it goes.

gsbrockman · **Posted:** Thu Jan 11, 2007 3:29 pm

onthehunt wrote:

Is there a vehicle made that you can buy, drive for two years, and then sell for what you owe??

What does pay-off amount have to do with vehicle value ?

If I only owed $500 on my '05 CRD, and a dealer offered me $4,000 trade in, should I feel guilty towards the dealer and tell'em I only need $3,500 instead ?

Greg

Kniggit · **Posted:** Thu Jan 11, 2007 6:18 pm

If you're going to trade in a CRD for 4,000 I'd have cash for ya tomorow. Thats all i am saying.

K

oldnavy · **Posted:** Fri Jan 12, 2007 12:31 am

You guys totally missed the point, I had enough equity in the vehicle that I should have always owed less then the wholesale value/trade-in value of the vehicle. In other words had equity (more then most people) in the vehicle. I am not happy that the CRD that sold new in '05 for $23,000 and was $26,000 list is now only worth $13,000 trade in after really working the dealer. Maybe I'm wrong, what do I know. I will say I have never bought a car that by time the car was a 2 model years old suffered a 40% to 50% lose of value, maybe by the 5 year point but not 1.5 to 2 years later.

onthehunt · **Posted:** Fri Jan 12, 2007 5:30 am

Actually the first two years are the worst, depreciation wise. It gets better after that, or should get better. It all depends on the vehicle mileage. 80k and 100k are the big ones.

Kniggit · **Posted:** Fri Jan 12, 2007 10:32 am

I knew what you were saying, and Having 4,000 in equity is pretty good either average or better then most when it comes to people with a year to two year old cars. If you look on the Jeep website there are about 20 CPO CRD's that are listed at really really close to the MSRP when new. I would talk to another dealer, if you really wanted out that bad.

K

oldnavy · **Posted:** Fri Jan 12, 2007 10:45 am

onthehunt wrote:

Actually the first two years are the worst, depreciation wise. It gets better after that, or should get better. It all depends on the vehicle mileage. 80k and 100k are the big ones.

Frist two years should be no more then 30% and if you pick a winner you may have only 20% drop. Having been in the car sales, F&I at dealers and finally the parts& service end I do understand the auto business. I understand that some vehicles sales apeal drop like rocks and with that the resale value can take a drastic plung such as did the Chrysler Crossfire. It didn't take a much to reason that the Crossfire would fail, if for no other reason the name. Crossfire = Missfire and the fact if you were taller then 5'10" you would be cramped in the car and at 6' you had to have the top off to drive the car.

The Liberty CRD lost its value due to D/C dropping the diesel option on a vehicle that was already suffering from dropping sales, partly because of the shifting market from SUV's because of fuel cost and an old design that never really caught on like the Cherrokee. The CRD however was far more sucessful durring its short time then the gasser version, but D/C stuck it too us knowing it would just be a short test sales to test the waters for diesel sales. Now if D/C doesn't use this engine in the Nitro, Dakota or some other vehicle we will be screwed big time and will eventually have something like the Ford Escort diesel that was sold for only 3 model years and only partial year the last year in the states. If you bought a diesel escort new for 89 by 92 you had a car a dealer would not even take in trade, not to mention have parts problems later with people breaking belt and screwing the engine up.

If D/C uses the 2.8L VM in other vehicle or two our resale value will come back up, if they don't use the VM 2.8L in anything this time next year you will be lucky to get $10,000 for a '06 $30,000 CRD selling it outright and our well appointed '05's I don't want to even think about.

oldnavy · **Posted:** Fri Jan 12, 2007 11:07 am

Kniggit wrote:

I knew what you were saying, and Having 4,000 in equity is pretty good either average or better then most when it comes to people with a year to two year old cars. If you look on the Jeep website there are about 20 CPO CRD's that are listed at really really close to the MSRP when new. I would talk to another dealer, if you really wanted out that bad.

K

We had closer to $7k equity and it is just gone. I went along with wife buying the CRD because if nothing else if would make a good tow vehicle for a RV and/or something for our daughter to drive. However the wife has lost faith in the CRD because we have never owned a new vehicle that has had so many problems. She now wants what I tried to talk her into buying to start with, Dodge Charger. She no longer thinks it would/will be a good vehicle to give the daughter. The dealer has offered enough to pay off our CRD but I find $13,000 for the CRD with 22,000 miles and loaded with everything except sun roof and leather too hard to swollow. I talked to the SM yesterday and he said they would start asking $18k and take any thing over $15k cash. I would have traded if they would have put $15k in the CRD, but they won't that far for the trade even on a '06 hold over.

vtdog · **Joined:** Fri Sep 30, 2005 11:27 am **Posts:** 640

It will be interesting to see what happens when my old salesman calls from the Jeep dealership and tells me the GC diesel is in and he starts talking about a trade

oldnavy · **Posted:** Fri Jan 12, 2007 7:27 pm

vtdog wrote:

It will be interesting to see what happens when my old salesman calls from the Jeep dealership and tells me the GC diesel is in and he starts talking about a trade

Yep, that was what we were thinking about trading up to about 8 or 9 months ago. I wonder if they are using W5A/NAG-1 tranny or the 545RFE we got stuck with, I would not buy it w/o the MB tranny.

Maybe D/C will put the V6 MB diesel engine in a LX series car, I would love a Charger or Magnum with a MB diesel and tranny.

Kniggit · **Posted:** Fri Jan 12, 2007 7:44 pm

I Knew what you were saying. But if you looked on the Jeep Website you'd see that there are CPO 05 & 06 CRD's listed at nearly the original MSRP if they are under 10,000 and none any cheaper then 17,000. I might Suggest finding a different dealer. No hard feelings, I hope.

K

oldnavy · **Posted:** Fri Jan 12, 2007 8:15 pm

Kniggit wrote:

I Knew what you were saying. But if you looked on the Jeep Website you'd see that there are CPO 05 & 06 CRD's listed at nearly the original MSRP if they are under 10,000 and none any cheaper then 17,000. I might Suggest finding a different dealer. No hard feelings, I hope.

K

I don't know why I would have hard feelings, have you said something I haven't read as yet? Not sure what CPO stands for, but I have been to two different dealerships. I was thinking about a 3rd dealer that has a AWD but it is a loaded RT and I don't want a premium fuel engine that requires 30k mile tune ups and none of the others have one the color or equipment we want. We may wait and order an '07 model with AWD and maybe the color wife wants.

onthehunt · **Posted:** Fri Jan 12, 2007 8:24 pm

I think you are wasting your time trying to trade to a dealer. You never win with them, at best you come out even. I think the crd will hold it's value well after the bugs are worked out. Time will tell. Look at the vw tdi's. Everyone knows the problems they have and you still can't find one. Even with the crd's problems, try to replace it. You can't. There isn't another suv that can do what this vehicle can. That alone convinces me that this is a diamond in the rough.Maybe it's a flawed diamond,but it still is a diamond. I'm in this vehicle for the long run. Good luck with your future purchase.

oldnavy · **Posted:** Fri Jan 12, 2007 8:32 pm

onthehunt wrote:

I think you are wasting your time trying to trade to a dealer. You never win with them, at best you come out even. I think the crd will hold it's value well after the bugs are worked out. Time will tell. Look at the vw tdi's. Everyone knows the problems they have and you still can't find one. Even with the crd's problems, try to replace it. You can't. There isn't another suv that can do what this vehicle can. That alone convinces me that this is a diamond in the rough.Maybe it's a flawed diamond,but it still is a diamond. I'm in this vehicle for the long run. Good luck with your future purchase.

Well maybe someone wants to give me $17k for a $26k CRD that has 22k miles on the rig.

Kniggit · **Posted:** Fri Jan 12, 2007 8:34 pm

Certified Pre-Owned = CPO

bigcanoe · **Joined:** Mon Oct 31, 2005 5:33 pm **Posts:** 96

I got a trade in offer of 13.5k on my 2005 sport, I almost feel lucky now.

gsbrockman · **Posted:** Fri Jan 12, 2007 10:55 pm

IF my D/C buy back goes through, and the mileage charge per mile is not too high, I may come out decent. MSRP to MSRP on my choice of vehicle......my CRD's MSRP was $30,325 but I paid invoice of $28,609; I'm currently at 25.6k miles as of tonight.

Greg

BlackLibertyCRD · **Posted:** Sat Jan 13, 2007 4:51 pm

C/S reports in thier 2007 resale value placed the Liberty poor and below average.

DnA Diesel · **Posted:** Sun Jan 14, 2007 12:41 am

oldnavy wrote:

vtdog wrote:

It will be interesting to see what happens when my old salesman calls from the Jeep dealership and tells me the GC diesel is in and he starts talking about a trade

Yep, that was what we were thinking about trading up to about 8 or 9 months ago. I wonder if they are using W5A/NAG-1 tranny or the 545RFE we got stuck with, I would not buy it w/o the MB tranny.

Maybe D/C will put the V6 MB diesel engine in a LX series car, I would love a Charger or Magnum with a MB diesel and tranny.

They do in Europe, Oldnavy...the Magnum is called the "300C Touring"

http://www.lostjeeps.com/forum/phpBB3/viewtopic.php?t=16255&start=0&postdays=0&postorder=asc&highlight=

Cheers,
Duey

oldnavy · **Posted:** Sun Jan 14, 2007 1:01 am

DnA Diesel wrote:

oldnavy wrote:

vtdog wrote:

It will be interesting to see what happens when my old salesman calls from the Jeep dealership and tells me the GC diesel is in and he starts talking about a trade

Yep, that was what we were thinking about trading up to about 8 or 9 months ago. I wonder if they are using W5A/NAG-1 tranny or the 545RFE we got stuck with, I would not buy it w/o the MB tranny.

Maybe D/C will put the V6 MB diesel engine in a LX series car, I would love a Charger or Magnum with a MB diesel and tranny.

They do in Europe, Oldnavy...the Magnum is called the "300C Touring"

http://www.lostjeeps.com/forum/phpBB3/viewtopic.php?t=16255&start=0&postdays=0&postorder=asc&highlight=

Cheers,
Duey

Yes I know, that is why I haven't done anything as yet about trading the CRD for a LX series car. I am just waiting to see if they will, but thank God they won't put a 300C front clip on the Magnum. But I must say I am supprised they never did it here to start with, 3 different model brands for basically same car.

CRD resale value?

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