HELP!!!Good Price?
JK Enthusiast
Joined: Mar 2008
Posts: 289
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From: Colorado Springs
I would suggest the later. . . .
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JK Enthusiast
Joined: Jan 2007
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From: The Moon
JK Enthusiast
Joined: Apr 2010
Posts: 134
Likes: 0
From: Brampton, Ontario, Canada, Canada
one of my co-workers just got a 09 orange 2dr rubi 6sp about 2weeks ago - fully Media Centre 230 6CD/DVD/MP3 radio with audio jack with sub dual-top, power windows and locks for 28000 CAD = to about 26000 USD he got cause he wanted to buy a 2 door x2010 but the deal gave him the 09 showroom rubi for that price (plus we get a Chrysler discount from are employer but that might 1 or 2 thousand off the price, that price includes shipping and Canadian =pst gst ACtax taxes destination tax and delivery)
JK Newbie
Joined: Apr 2010
Posts: 60
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From: Whatcom County, WA
No.. that isn't a good price at all. Here is why:
That is paying RETAIL for the Wrangler, which includes a HUGE profit for the Dealer! This is never a good deal, unless you really like your sales person and want him to get a pretty good size commission at your expense. For comparison, here is what the invoice prices are for that configuration:
So, right away the dealer is making $3,230 off of the sale. Now, this doesn't take into account the fact that the dealer actually utilizes "holdback" which is usually 2-3% of the MSRP (so, that is another $605 to $907 in profit that they will make, boosting it to between $3,835 and $4,137... that is a 14% profit.)
I can not speak for the market condition where you are, but around me there are more Jeeps than buyers due to the slow economy. This means that the market is in the buyers favor, as you can simply say "here is what I will pay" (make it reasonable, meaning that the dealer will make some profit) and if they are unwilling, you can go to another dealer. As a rule of thumb, be willing to pay about 5% over the dealer cost. In this case I would expect to pay closer to $29,500 (5% would be $29,310).
Code:
$28,775 - MSRP for 2010 Jeep Wrangler Rubicon $ 735 - MSRP for Freedom Top $ 750 - Destination Fee $30,260 - Final Price (before Tax and License)
Code:
$27,116 - Invoice for 2010 Jeep Wrangler Rubicon $ 654 - Invoice for Freedom Top $ 750 - Destination Fee $28,520 - Final Price (before Tax and License)
I can not speak for the market condition where you are, but around me there are more Jeeps than buyers due to the slow economy. This means that the market is in the buyers favor, as you can simply say "here is what I will pay" (make it reasonable, meaning that the dealer will make some profit) and if they are unwilling, you can go to another dealer. As a rule of thumb, be willing to pay about 5% over the dealer cost. In this case I would expect to pay closer to $29,500 (5% would be $29,310).
Last edited by _Jedi_; May 8, 2010 at 09:15 PM.
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JK Enthusiast
Joined: Apr 2010
Posts: 134
Likes: 0
From: Brampton, Ontario, Canada, Canada
No.. that isn't a good price at all. Here is why:
That is paying RETAIL for the Wrangler, which includes a HUGE profit for the Dealer! This is never a good deal, unless you really like your sales person and want him to get a pretty good size commission at your expense. For comparison, here is what the invoice prices are for that configuration:
So, right away the dealer is making $3,230 off of the sale. Now, this doesn't take into account the fact that the dealer actually utilizes "holdback" which is usually 2-3% of the MSRP (so, that is another $605 to $907 in profit that they will make, boosting it to between $3,835 and $4,137... that is a 14% profit.)
I can not speak for the market condition where you are, but around me there are more Jeeps than buyers due to the slow economy. This means that the market is in the buyers favor, as you can simply say "here is what I will pay" (make it reasonable, meaning that the dealer will make some profit) and if they are unwilling, you can go to another dealer. As a rule of thumb, be willing to pay about 5% over the dealer cost. In this case I would expect to pay closer to $29,500 (5% would be $29,310).
Code:
$28,775 - MSRP for 2010 Jeep Wrangler Rubicon $ 735 - MSRP for Freedom Top $ 750 - Destination Fee $30,260 - Final Price (before Tax and License)
Code:
$27,116 - Invoice for 2010 Jeep Wrangler Rubicon $ 654 - Invoice for Freedom Top $ 750 - Destination Fee $28,520 - Final Price (before Tax and License)
I can not speak for the market condition where you are, but around me there are more Jeeps than buyers due to the slow economy. This means that the market is in the buyers favor, as you can simply say "here is what I will pay" (make it reasonable, meaning that the dealer will make some profit) and if they are unwilling, you can go to another dealer. As a rule of thumb, be willing to pay about 5% over the dealer cost. In this case I would expect to pay closer to $29,500 (5% would be $29,310).
JK Newbie
Joined: Apr 2010
Posts: 60
Likes: 0
From: Whatcom County, WA
Since your co-worker purchased a used vehicle, the rules are totally different. When a vehicle is sold as used, there are other factors that impact the asking price/value of it. Invoice price and holdback don't factor into this, it is more about market value, saturation, and the dealerships original purchase price (what THEY paid for the vehicle, either at trade-in or at auction.)