Hi folks, so I received the below offer from my local dealership to buy my 2019 Grand Cherokee with negative equity and get me into a new 2025 jeep wrangler sport 4-door. Was hoping for feedback, is this a good deal?
I wouldn’t do a cdjr lease over 36 months. Definitely something you want to keep unser warranty.
Even for FL, $1600 dealer doc is insanity
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Yea thats crazy high, I’m working with 5 so far and none of their doc fees are that high. @Jmendia nobody here would recommend rolling over any negative
The dealer discount is not clear…best to break down the “savings + rebates”. Looks like there is 2500 in jeep incentives right now, so it appears your dealer discount is 5179 …which is 11.9% off msrp
Subtract about 4% off that to make up for the add ons and inflated doc fee, potentially more for a marked up mf.
48 month lease is usually an Ally lease as well, so that discount may be largely IDL cash rather than actual discount.
Looks horrible at first glance. How much negative equity do you have? Let’s start there.
Did you get at least 4-5 offers for your current car? Not trade offers but purchase offers.
6k in negative equity. This is also the most of gotten trade value wise by far for this grand Cherokee having gotten appraisals from 4 different dealerships. No private purchase offers. Not really interested in that because nobody is going to pay my full payoff amount and I don’t want to have to pay the difference.