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Old 06-04-2012, 02:50 PM   #1
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Did anyone else get a real bad deal?

Hey all,

I'm pretty upset with myself for the deal I worked with at the dealer.

I bought a 2010 Wrangler Sport with 24k miles. With the extended warranty, tax, and all that jazz, I ended up financing $25,000. I could have bought a brand new base model wrangler for that much.

I really hate myself for this. I negotiated some, but it was really late at night, and I didn't end up signing contracts and everything till about 11 PM. I was so exhausted and wanted to get out there. Now I feel horrible for getting such a crap deal. Don't get me wrong, I really LOVE my Jeep, but I think I could have gotten one with 0 miles on it for the same price.

According to NADA, it retails at just over $23,000 but KBB has it retailing at $20,500.

Did anyone ever get taken advantage of, or gotten a bad deal? I didn't really do my research, which I highly regret. I guess lesson learned, for sure!

:(

Adrian

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Old 06-04-2012, 02:55 PM   #2
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In many states you have a certain number of days you can return the car if you change your mind, I would look into that.

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Old 06-04-2012, 02:55 PM   #3
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When did you do this? IIRC, most states require vehicle contracts to provide a "cooling off" period during which you can basically return the vehicle.

If you're outside of that window, then c'est la vie. If that's the worse financial decision you make in your life, you'll be better off than most.

If it helps any, I didn't know about TreadLightly until AFTER I bought my Wrangler and joined this forum, so I presumably paid too much as well.
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Old 06-04-2012, 02:55 PM   #4
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I could have gotten a better deal than I had on my 2012 Jk sport 2 door. The asking price was 24000. I offered 22000 and bought it at that price. I know if I spent the time I could have gotten a better deal. I just wanted the jeep. Was gonna go used but it was cheaper to buy new. If that makes any sense.
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Old 06-04-2012, 02:57 PM   #5
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No, never. Not me. Nope......

I think we all learned this the hard way, friend. The price you paid, and the bad taste from the deal, will soon melt away, as you enjoy your new Jeep!

You'll be one tough cookie, next time!
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Old 06-04-2012, 02:57 PM   #6
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I feel like I could have gotten a better deal on my '12, but who doesn't? I wouldn't say I got a bad deal.

I hate haggling though, I almost refuse to do it on any products, anywhere
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Old 06-04-2012, 02:58 PM   #7
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Quote:
Originally Posted by MacCTD View Post
In many states you have a certain number of days you can return the car if you change your mind, I would look into that.
^This they gave me 30 days after signing everything if i wanted to return it or get something else

Just rememeber the 2012 will have same taxes fees registration (in nj atleast gas guzzler tax) etc etc negotiate hard and if you feel yourself getting pulled down step away or some back the next day.

Congrats on the jeep!!!!!!!!!!! best part about your story!
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Old 06-04-2012, 03:06 PM   #8
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That is a bummer...
Do you homework FIRST...

However, this probably won't be the last vehicle you ever purchase so.....you'll get'em next time.
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Old 06-04-2012, 03:12 PM   #9
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honostly i think everyone regardless fo the deal if your not balling rich i felt a tinge of regret of spending what i did on my rubicon i got a decent deal it wasnt the deal as much as "wow its alot of money"
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Old 06-04-2012, 03:18 PM   #10
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Florida doesn't having a cooling off period. What was the sticker on the Jeep
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Old 06-04-2012, 03:22 PM   #11
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I'm confused, how did you get taken advantage of?
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Old 06-04-2012, 03:26 PM   #12
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Florida doesn't having a cooling off period. What was the sticker on the Jeep
So just like the weather, you can't cool off
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Old 06-04-2012, 03:26 PM   #13
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I regret spending the 40k on my Wrangler once every 2 weeks when I make the payment. The other 13 days are awesome =p
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Old 06-04-2012, 03:28 PM   #14
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I'm confused, how did you get taken advantage of?
I think he feels he could of gotten a better deal and regrets not looking around or negotiating further i dont think hes saying the dealer screwed him persay
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Old 06-04-2012, 03:33 PM   #15
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I got 5% below invoice + $675 off for graduating college within the last 2 years, I still want a better deal! :P
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Old 06-04-2012, 03:59 PM   #16
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That's pretty bad. I've heard and seen worse. Keep your work ethic up and pay that sucker off.
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Old 06-04-2012, 04:09 PM   #17
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I payed more than I should have for mine. Like yourself it was late and they kept me waiting and waiting. I didnt do the research before I bought ike I have on other vehicles and I was so taken with the jeep I just had to have it. I was mad about it for a while but you live and learn besides if you love the jeep you just have to let it go and dont make the mistake again. The dealer Carl Gregory has a pretty bad rep but I went with them anyway which I should not have done.
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Old 06-04-2012, 04:17 PM   #18
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Be there on other purchases when I was younger. With gained wisdom it will balance out over the years. Win some lose some. Bummer feeling right now I know. Finally at 56 years old, I think I have learned how to not get screwed on big purchases. Major lessons, lots of homework and self control. Buyers fever is costly! If you can't back out, don't let it spoil your enjoyment! Paid to much for a used Harley years ago. It is still my favorite bike and I never think about what I paid for it. You got a great Jeep in arguably the best year. Enjoy it!
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Old 06-04-2012, 04:25 PM   #19
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Usually the finance company's won't finance anything over book value, at any rate you still have a Jeep & whats important is that you like it & want it so don't worry about it to much. You can always re-finance later when you pay a bit off it & that will bring your payments down too
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Old 06-04-2012, 04:44 PM   #20
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Quote:
Originally Posted by cheap4tw View Post
I regret spending the 40k on my Wrangler once every 2 weeks when I make the payment. The other 13 days are awesome =p
x2 except $32,000

I swore I would never purchase a $30k plus vehicle. Used were so high I started down the path of new and bam!

I enjoy the heck out of it despite the price.
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Old 06-04-2012, 04:45 PM   #21
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Enjoy it

I bought my 07 in July. Paying more in finance charges than most.... Ok all lol
Mine is a Rubicon so still a 10K gap between mine and brand new.

I look at it this way. I've come a long way in 4 years and it's a miracle I even got the loan.
Maybe not the best financial situation for me but I am going to plug away like Pluke said and pay this thing off. I send $100 extra every month towards the princable. I did put down $6500 including trade so it values over what I owe

That really doesn't seem that bad of a deal . Congrats and enjoy the jeep
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Old 06-04-2012, 05:13 PM   #22
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That is why I went with new. The difference in price was so negligible.

I didn't get a bad deal on my Jeep, but on my last used car the dealer really took advantage of me. I picked up a used M3, while my wrecked Z4 was being repaired. Salesperson lied to me about the condition of the car (my fault for not checking it out, but I trusted him having bought many cars from him in the past). Ended up losing quite a bit on the car when I sold it ~3 months later.
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Old 06-04-2012, 05:28 PM   #23
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Well I traded an almost paid off 2008 Tacoma loaded with 51000 miles truck never game me a lick of problems got my 2012 Wrangler and have been back to the dealer for fixes 4 times in about the 4 months I have owned it. I was afraid of this. But the top and doors did not come off the Tacoma quite as easy as the Jeep and for the money I spent on the Wrangler nothing else on the road can compare. Man all I can say is LOVE YOUR JEEP.. It didn’t do anything wrong and well you did sign the paper so. IDK maybe call back see about trading it in for a New one see what they will swing.


And the day after buying the Jeep I had buyers remorse so so bad. But then I dropped the top done a few cheap mods and got over it.

Life is Good.
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Old 06-04-2012, 05:37 PM   #24
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At this point, unless you can back out of the deal, don't worry about it. If you think you paid more than you needed to, you probably did, but we're not talking about huge money here. Start learning right now how to negotiate for your next vehicle and show no mercy on the next salesmen you encounter. The key to getting the lowest possible price is to get several dealerships cutting each other's throats in a bidding war to get your business. If you are buying used and you really want one particular vehicle don't let anyone know that. As far as they are concerned there are several vehicles on several lots that you absolutely love. Test drive one vehicle and drive it by the other guy's lots and honk and wave.. Make it a several day process and don't be afraid to walk away if you don't think you have gotten the best deal you can. I could go on and on. It's an art that is learned over time and after some hard lessons.
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Old 06-04-2012, 05:50 PM   #25
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Quote:
Originally Posted by AdrianVall
Hey all,

I'm pretty upset with myself for the deal I worked with at the dealer.

I bought a 2010 Wrangler Sport with 24k miles. With the extended warranty, tax, and all that jazz, I ended up financing $25,000. I could have bought a brand new base model wrangler for that much.

I really hate myself for this. I negotiated some, but it was really late at night, and I didn't end up signing contracts and everything till about 11 PM. I was so exhausted and wanted to get out there. Now I feel horrible for getting such a crap deal. Don't get me wrong, I really LOVE my Jeep, but I think I could have gotten one with 0 miles on it for the same price.

According to NADA, it retails at just over $23,000 but KBB has it retailing at $20,500.

Did anyone ever get taken advantage of, or gotten a bad deal? I didn't really do my research, which I highly regret. I guess lesson learned, for sure!



Adrian
I have been screwed worse than that , that's the bad deal?? I would not lose sleep over it, this is one of many car deals you will be doing in your lifetime. You will laugh at that deal someday.

Enjoy this Jeep , then trade it in when you are ready.

AJ
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Old 06-04-2012, 06:07 PM   #26
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Don't forget that purchasing and financing a new vehicle vs used vehicle will be cheaper also. So even If you paid a grand more for the new Jeep, It might still be the same payment over the same period of time. Plus you have full warranty, new car, better engine (debatable), ect.......
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Old 06-04-2012, 06:13 PM   #27
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Originally Posted by AdrianVall View Post
Hey all,

I'm pretty upset with myself for the deal I worked with at the dealer.

I bought a 2010 Wrangler Sport with 24k miles. With the extended warranty, tax, and all that jazz, I ended up financing $25,000. I could have bought a brand new base model wrangler for that much.

I really hate myself for this. I negotiated some, but it was really late at night, and I didn't end up signing contracts and everything till about 11 PM. I was so exhausted and wanted to get out there. Now I feel horrible for getting such a crap deal. Don't get me wrong, I really LOVE my Jeep, but I think I could have gotten one with 0 miles on it for the same price.

According to NADA, it retails at just over $23,000 but KBB has it retailing at $20,500.

Did anyone ever get taken advantage of, or gotten a bad deal? I didn't really do my research, which I highly regret. I guess lesson learned, for sure!



Adrian
I didn't get torn out too bad. Internet price of $24,115, but they got me on the dealer package a little. $1,499, which was not too bad for the GPS Tracking, 3.73 rear end option, Tow package and Spare tire cover?

Ahh, all in all not to bad and after pricing used Jeeps I went new all the way.

Keep a stiff upper lip, because I'm 50 years old and been bent over back in the day. You will get them next time my friend.

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Old 06-04-2012, 06:29 PM   #28
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I ended up paying about 25k for my 2010 with 18k miles. It already had a 4 inch lift with nice wheels and 35's tho so I feel like I made out pretty good. Mine is also a unlimited and it had 3.73 gears. I enjoyed 3 years with no car payment on my tj before. I stopped into the dealership and just to look at it and drove it home that night. I kinda wish I had not rushed it but it is what it is and I'm going to enjoy it.
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Old 06-04-2012, 07:02 PM   #29
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Don't even get me started on the crooks I got my Jeep from. Sorry SOB's
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Old 06-04-2012, 07:38 PM   #30
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Don't even get me started on the crooks I got my Jeep from. Sorry SOB's
Think we both suffered at the hands of Carl Gregory
Stealership doesnt begin to describe those scumbags....

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