Which deal would you take?

[aj8544]

Need a little help making sense of a few JTR offers I have from different dealers:

Deal #1: New JTR, MSRP 56245, dealer selling price 50,483. Includes all the options I want and nothing I don’t. Interest rate 3.49.

Deal #2: Used (Demo) JTR, MSRP 57,680, dealer selling price 51,875. Driven by dealership owner- but being sold out of one of the owners other brand dealerships, not the Jeep dealership. Currently has 1500 miles, car fax verified never registered. Offering to certify and provide CPO warranties of 4 years 48k bumper to bumper and 7 year 100k powertrain. Interest rate 3.25.

My gut says to just go for the new, but I do plan on keeping this thing for quite some time so the extended CPO warranty interests me. As for options between the two the used model is slightly higher optioned, the options it has over the new are the roll up tonneau, color matched flares, black mopar grille. However it lacks aux switches which the new has. Honestly the higher options on the used model are not options I really care to have- the tonneau wont work with my intended bed rack, and I would prefer to not install the aux switches after the fact- did it on our JL and it was a PITA.

Now that I have written all this down I’m leaning strongly to the new option, I don’t feel the discount on the certified used is enough to warrant buying used to begin with. The price for the new is the best I’ve seen without driving a few states away.

Just curious to hear other’s thoughts- is the extended CPO warranty and slightly better interest rate valuable enough to outweigh the higher price on the used model? And am I correct in thinking the price for the new model (about 6% below invoice I believe) is reasonable?

Sponsored

 

[futzin']

I vote #1. A good price on exactly what you want.

 

[TheITGuy]

Presuming a 60 month loan, you'll pay $2,628.63 more total for option 1 vs option 2 over the life of the loan. And you could sell the tonneau and use the money to pay to have the aux switches installed on option 2. I'd check the NADA value on used Gladiators in your area just to be sure you're not being over charged, though. 51k sends a little high.

 

[aj8544]

Presuming a 60 month loan, you'll pay $2,628.63 more total for option 1 vs option 2 over the life of the loan. And you could sell the tonneau and use the money to pay to have the aux switches installed on option 2. I'd check the NADA value on used Gladiators in your area just to be sure you're not being over charged, though. 51k sends a little high.

Im confused on the math-Im coming up with option 1 still costing less despite costing about 200 more in interest? Essentially 4950 in interest for option1 vs 4750 for option 2? Tried several calculators and the .25 percent difference is only a few hundred bucks savings.

 

[Trauma PA]

Need a little help making sense of a few JTR offers I have from different dealers:

Deal #1: New JTR, MSRP 56245, dealer selling price 50,483. Includes all the options I want and nothing I don’t. Interest rate 3.49.

Deal #2: Used (Demo) JTR, MSRP 57,680, dealer selling price 51,875. Driven by dealership owner- but being sold out of one of the owners other brand dealerships, not the Jeep dealership. Currently has 1500 miles, car fax verified never registered. Offering to certify and provide CPO warranties of 4 years 48k bumper to bumper and 7 year 100k powertrain. Interest rate 3.25.

My gut says to just go for the new, but I do plan on keeping this thing for quite some time so the extended CPO warranty interests me. As for options between the two the used model is slightly higher optioned, the options it has over the new are the roll up tonneau, color matched flares, black mopar grille. However it lacks aux switches which the new has. Honestly the higher options on the used model are not options I really care to have- the tonneau wont work with my intended bed rack, and I would prefer to not install the aux switches after the fact- did it on our JL and it was a PITA.

Now that I have written all this down I’m leaning strongly to the new option, I don’t feel the discount on the certified used is enough to warrant buying used to begin with. The price for the new is the best I’ve seen without driving a few states away.

Just curious to hear other’s thoughts- is the extended CPO warranty and slightly better interest rate valuable enough to outweigh the higher price on the used model? And am I correct in thinking the price for the new model (about 6% below invoice I believe) is reasonable?

Be careful. That CPO warranty is bullshit. I bought a used JK for my daughter that had the CPO warranty. So far it's been worthless and a disappointment.
I'd buy NEW and than can always consider buying a real Mopar extended warranty.

 

[smlobx]

Im confused on the math-Im coming up with option 1 still costing less despite costing about 200 more in interest? Essentially 4950 in interest for option1 vs 4750 for option 2? Tried several calculators and the .25 percent difference is only a few hundred bucks savings.

‘You are correct.
I would go with #1 as well.

 

[futzin']

Discount on the new: $5762.
Discount on the demo: $5805.

 

[aj8544]

I vote #1. A good price on exactly what you want.

I vote #1. A good price on exactly what you

Discount on the new: $5762.
Discount on the demo: $5805.

Yep- to me thats just not enough, would need a couple thousand more off on the demo to make it worth it.

Appreciate everyone’s feedback- have pretty much ruled out the demo at this point.

 

[calicorks]

I’d buy #1. I bet #2 was driven hard and not properly broken in. If you want the warranty, buy it on #1.

 

[TheITGuy]

Im confused on the math-Im coming up with option 1 still costing less despite costing about 200 more in interest? Essentially 4950 in interest for option1 vs 4750 for option 2? Tried several calculators and the .25 percent difference is only a few hundred bucks savings.

Yeah, pretty sure there was something wrong with the calculator I used .

 

[aj8544]

Debate over- brought the new one home. My dream options, great price, couldnt be happier. Thanks all for the input- much appreciated!

 

[Trauma PA]

Debate over- brought the new one home. My dream options, great price, couldnt be happier. Thanks all for the input- much appreciated!

Congratulations! Great choice. Now let the mods begin.

 

[futzin']

Congrats, nice picture.

Sponsored