Rubicon Price Negotiation
#131
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
"I did bite on the gap insurance. For $192 I get a replacement vehicle
should this one get totaled"
Hmmm... doesn't gap insurance cover the difference between what you owe
and what it's worth? This does not necessarily get you a replacement
vehicle, it just pays off your loan so you are not in debt any more.
Jeffrey Wright wrote:
> Here's how it went:
>
> The Jeep came in Thursday, May 6. I ordered it back in February; I ignored
> the dealer until today, Monday, May 10. I made it obvious I was in no hurry,
> I never salivated, and showed only mild interest in the vehicle the first
> time I saw it. Give me an Oscar.
>
> I took the advice proffered here and visited the suggested web sites. My
> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at 26.5K as
> the "good deal" norm. I made this known, and my dealer came back with
> 26.1K-- at 5.9% interest for 66 months. No way.
>
> We went back and forth just a couple of times, and in the end I got my Jeep
> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to put 3K
> down.
>
> I think it is important to note that I do not have perfect credit, courtesy
> of my ex-wife. Nonetheless, I asked for the best finance rate possible and
> got it. Seems all I had to do was ask. (I do have a good job, low debt, and
> make a decent buck, which can't hurt.)
>
> Once the deal was made, I was siphoned off to the finance gal, and just as
> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
> said the contract had to show the oil change program price, but that it had
> already been deducted. I flashed the math though my mind, and it did not add
> up. I caught the discrepancy, thanks to the heads up on this group, and
> worked it out to my favor. We had to tear up three documents, and now free
> means free.
>
> I did bite on the gap insurance. For $192 I get a replacement vehicle should
> this one get totaled; my insurance, Geico, would just give me what it was
> worth at the time of the accident. No, I do not intend to total the vehicle
> in the next five years, but I do plan on wheeling and you never know. I
> think if you are buying a real Jeep or a Corvette and use them as intended,
> gap insurance makes sense.
>
> I turned down extra warranty options. I stuck with the no extra cost 3 yr
> bumper to bumper plus the 7/70 powertrain.
>
> The minor glitches: it was supposed to come with a locking gas cap, but
> didn't. I had that noted on the "what the dealer owes you" sheet. I also got
> home and found no owner's manual, just a video.
>
> All told, I rolled out with a good deal, a full tank of gas, and one damn
> fine machine!
>
>
>
>
>
should this one get totaled"
Hmmm... doesn't gap insurance cover the difference between what you owe
and what it's worth? This does not necessarily get you a replacement
vehicle, it just pays off your loan so you are not in debt any more.
Jeffrey Wright wrote:
> Here's how it went:
>
> The Jeep came in Thursday, May 6. I ordered it back in February; I ignored
> the dealer until today, Monday, May 10. I made it obvious I was in no hurry,
> I never salivated, and showed only mild interest in the vehicle the first
> time I saw it. Give me an Oscar.
>
> I took the advice proffered here and visited the suggested web sites. My
> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at 26.5K as
> the "good deal" norm. I made this known, and my dealer came back with
> 26.1K-- at 5.9% interest for 66 months. No way.
>
> We went back and forth just a couple of times, and in the end I got my Jeep
> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to put 3K
> down.
>
> I think it is important to note that I do not have perfect credit, courtesy
> of my ex-wife. Nonetheless, I asked for the best finance rate possible and
> got it. Seems all I had to do was ask. (I do have a good job, low debt, and
> make a decent buck, which can't hurt.)
>
> Once the deal was made, I was siphoned off to the finance gal, and just as
> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
> said the contract had to show the oil change program price, but that it had
> already been deducted. I flashed the math though my mind, and it did not add
> up. I caught the discrepancy, thanks to the heads up on this group, and
> worked it out to my favor. We had to tear up three documents, and now free
> means free.
>
> I did bite on the gap insurance. For $192 I get a replacement vehicle should
> this one get totaled; my insurance, Geico, would just give me what it was
> worth at the time of the accident. No, I do not intend to total the vehicle
> in the next five years, but I do plan on wheeling and you never know. I
> think if you are buying a real Jeep or a Corvette and use them as intended,
> gap insurance makes sense.
>
> I turned down extra warranty options. I stuck with the no extra cost 3 yr
> bumper to bumper plus the 7/70 powertrain.
>
> The minor glitches: it was supposed to come with a locking gas cap, but
> didn't. I had that noted on the "what the dealer owes you" sheet. I also got
> home and found no owner's manual, just a video.
>
> All told, I rolled out with a good deal, a full tank of gas, and one damn
> fine machine!
>
>
>
>
>
#132
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
"I did bite on the gap insurance. For $192 I get a replacement vehicle
should this one get totaled"
Hmmm... doesn't gap insurance cover the difference between what you owe
and what it's worth? This does not necessarily get you a replacement
vehicle, it just pays off your loan so you are not in debt any more.
Jeffrey Wright wrote:
> Here's how it went:
>
> The Jeep came in Thursday, May 6. I ordered it back in February; I ignored
> the dealer until today, Monday, May 10. I made it obvious I was in no hurry,
> I never salivated, and showed only mild interest in the vehicle the first
> time I saw it. Give me an Oscar.
>
> I took the advice proffered here and visited the suggested web sites. My
> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at 26.5K as
> the "good deal" norm. I made this known, and my dealer came back with
> 26.1K-- at 5.9% interest for 66 months. No way.
>
> We went back and forth just a couple of times, and in the end I got my Jeep
> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to put 3K
> down.
>
> I think it is important to note that I do not have perfect credit, courtesy
> of my ex-wife. Nonetheless, I asked for the best finance rate possible and
> got it. Seems all I had to do was ask. (I do have a good job, low debt, and
> make a decent buck, which can't hurt.)
>
> Once the deal was made, I was siphoned off to the finance gal, and just as
> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
> said the contract had to show the oil change program price, but that it had
> already been deducted. I flashed the math though my mind, and it did not add
> up. I caught the discrepancy, thanks to the heads up on this group, and
> worked it out to my favor. We had to tear up three documents, and now free
> means free.
>
> I did bite on the gap insurance. For $192 I get a replacement vehicle should
> this one get totaled; my insurance, Geico, would just give me what it was
> worth at the time of the accident. No, I do not intend to total the vehicle
> in the next five years, but I do plan on wheeling and you never know. I
> think if you are buying a real Jeep or a Corvette and use them as intended,
> gap insurance makes sense.
>
> I turned down extra warranty options. I stuck with the no extra cost 3 yr
> bumper to bumper plus the 7/70 powertrain.
>
> The minor glitches: it was supposed to come with a locking gas cap, but
> didn't. I had that noted on the "what the dealer owes you" sheet. I also got
> home and found no owner's manual, just a video.
>
> All told, I rolled out with a good deal, a full tank of gas, and one damn
> fine machine!
>
>
>
>
>
should this one get totaled"
Hmmm... doesn't gap insurance cover the difference between what you owe
and what it's worth? This does not necessarily get you a replacement
vehicle, it just pays off your loan so you are not in debt any more.
Jeffrey Wright wrote:
> Here's how it went:
>
> The Jeep came in Thursday, May 6. I ordered it back in February; I ignored
> the dealer until today, Monday, May 10. I made it obvious I was in no hurry,
> I never salivated, and showed only mild interest in the vehicle the first
> time I saw it. Give me an Oscar.
>
> I took the advice proffered here and visited the suggested web sites. My
> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at 26.5K as
> the "good deal" norm. I made this known, and my dealer came back with
> 26.1K-- at 5.9% interest for 66 months. No way.
>
> We went back and forth just a couple of times, and in the end I got my Jeep
> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to put 3K
> down.
>
> I think it is important to note that I do not have perfect credit, courtesy
> of my ex-wife. Nonetheless, I asked for the best finance rate possible and
> got it. Seems all I had to do was ask. (I do have a good job, low debt, and
> make a decent buck, which can't hurt.)
>
> Once the deal was made, I was siphoned off to the finance gal, and just as
> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
> said the contract had to show the oil change program price, but that it had
> already been deducted. I flashed the math though my mind, and it did not add
> up. I caught the discrepancy, thanks to the heads up on this group, and
> worked it out to my favor. We had to tear up three documents, and now free
> means free.
>
> I did bite on the gap insurance. For $192 I get a replacement vehicle should
> this one get totaled; my insurance, Geico, would just give me what it was
> worth at the time of the accident. No, I do not intend to total the vehicle
> in the next five years, but I do plan on wheeling and you never know. I
> think if you are buying a real Jeep or a Corvette and use them as intended,
> gap insurance makes sense.
>
> I turned down extra warranty options. I stuck with the no extra cost 3 yr
> bumper to bumper plus the 7/70 powertrain.
>
> The minor glitches: it was supposed to come with a locking gas cap, but
> didn't. I had that noted on the "what the dealer owes you" sheet. I also got
> home and found no owner's manual, just a video.
>
> All told, I rolled out with a good deal, a full tank of gas, and one damn
> fine machine!
>
>
>
>
>
#133
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
"I did bite on the gap insurance. For $192 I get a replacement vehicle
should this one get totaled"
Hmmm... doesn't gap insurance cover the difference between what you owe
and what it's worth? This does not necessarily get you a replacement
vehicle, it just pays off your loan so you are not in debt any more.
Jeffrey Wright wrote:
> Here's how it went:
>
> The Jeep came in Thursday, May 6. I ordered it back in February; I ignored
> the dealer until today, Monday, May 10. I made it obvious I was in no hurry,
> I never salivated, and showed only mild interest in the vehicle the first
> time I saw it. Give me an Oscar.
>
> I took the advice proffered here and visited the suggested web sites. My
> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at 26.5K as
> the "good deal" norm. I made this known, and my dealer came back with
> 26.1K-- at 5.9% interest for 66 months. No way.
>
> We went back and forth just a couple of times, and in the end I got my Jeep
> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to put 3K
> down.
>
> I think it is important to note that I do not have perfect credit, courtesy
> of my ex-wife. Nonetheless, I asked for the best finance rate possible and
> got it. Seems all I had to do was ask. (I do have a good job, low debt, and
> make a decent buck, which can't hurt.)
>
> Once the deal was made, I was siphoned off to the finance gal, and just as
> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
> said the contract had to show the oil change program price, but that it had
> already been deducted. I flashed the math though my mind, and it did not add
> up. I caught the discrepancy, thanks to the heads up on this group, and
> worked it out to my favor. We had to tear up three documents, and now free
> means free.
>
> I did bite on the gap insurance. For $192 I get a replacement vehicle should
> this one get totaled; my insurance, Geico, would just give me what it was
> worth at the time of the accident. No, I do not intend to total the vehicle
> in the next five years, but I do plan on wheeling and you never know. I
> think if you are buying a real Jeep or a Corvette and use them as intended,
> gap insurance makes sense.
>
> I turned down extra warranty options. I stuck with the no extra cost 3 yr
> bumper to bumper plus the 7/70 powertrain.
>
> The minor glitches: it was supposed to come with a locking gas cap, but
> didn't. I had that noted on the "what the dealer owes you" sheet. I also got
> home and found no owner's manual, just a video.
>
> All told, I rolled out with a good deal, a full tank of gas, and one damn
> fine machine!
>
>
>
>
>
should this one get totaled"
Hmmm... doesn't gap insurance cover the difference between what you owe
and what it's worth? This does not necessarily get you a replacement
vehicle, it just pays off your loan so you are not in debt any more.
Jeffrey Wright wrote:
> Here's how it went:
>
> The Jeep came in Thursday, May 6. I ordered it back in February; I ignored
> the dealer until today, Monday, May 10. I made it obvious I was in no hurry,
> I never salivated, and showed only mild interest in the vehicle the first
> time I saw it. Give me an Oscar.
>
> I took the advice proffered here and visited the suggested web sites. My
> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at 26.5K as
> the "good deal" norm. I made this known, and my dealer came back with
> 26.1K-- at 5.9% interest for 66 months. No way.
>
> We went back and forth just a couple of times, and in the end I got my Jeep
> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to put 3K
> down.
>
> I think it is important to note that I do not have perfect credit, courtesy
> of my ex-wife. Nonetheless, I asked for the best finance rate possible and
> got it. Seems all I had to do was ask. (I do have a good job, low debt, and
> make a decent buck, which can't hurt.)
>
> Once the deal was made, I was siphoned off to the finance gal, and just as
> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
> said the contract had to show the oil change program price, but that it had
> already been deducted. I flashed the math though my mind, and it did not add
> up. I caught the discrepancy, thanks to the heads up on this group, and
> worked it out to my favor. We had to tear up three documents, and now free
> means free.
>
> I did bite on the gap insurance. For $192 I get a replacement vehicle should
> this one get totaled; my insurance, Geico, would just give me what it was
> worth at the time of the accident. No, I do not intend to total the vehicle
> in the next five years, but I do plan on wheeling and you never know. I
> think if you are buying a real Jeep or a Corvette and use them as intended,
> gap insurance makes sense.
>
> I turned down extra warranty options. I stuck with the no extra cost 3 yr
> bumper to bumper plus the 7/70 powertrain.
>
> The minor glitches: it was supposed to come with a locking gas cap, but
> didn't. I had that noted on the "what the dealer owes you" sheet. I also got
> home and found no owner's manual, just a video.
>
> All told, I rolled out with a good deal, a full tank of gas, and one damn
> fine machine!
>
>
>
>
>
#134
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
They flat lied to him about gap insurance, but he didn't do his homework
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
#135
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
They flat lied to him about gap insurance, but he didn't do his homework
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
#136
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
They flat lied to him about gap insurance, but he didn't do his homework
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
#137
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
They flat lied to him about gap insurance, but he didn't do his homework
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
on this either...unless he just explained himself incorrectly.
Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
people who are upside down on their loans and the vehicle gets totalled.
It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
$18k when it's totalled and he owes $18,900, gap insurance pays $900
MINUS his deductable. If his ded. is $500, gap ins. pays $400.
Jo wrote:
> "I did bite on the gap insurance. For $192 I get a replacement vehicle
> should this one get totaled"
> Hmmm... doesn't gap insurance cover the difference between what you owe
> and what it's worth? This does not necessarily get you a replacement
> vehicle, it just pays off your loan so you are not in debt any more.
>
> Jeffrey Wright wrote:
>
>> Here's how it went:
>>
>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>> ignored
>> the dealer until today, Monday, May 10. I made it obvious I was in no
>> hurry,
>> I never salivated, and showed only mild interest in the vehicle the first
>> time I saw it. Give me an Oscar.
>>
>> I took the advice proffered here and visited the suggested web sites. My
>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>> 26.5K as
>> the "good deal" norm. I made this known, and my dealer came back with
>> 26.1K-- at 5.9% interest for 66 months. No way.
>>
>> We went back and forth just a couple of times, and in the end I got my
>> Jeep
>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>> put 3K
>> down.
>>
>> I think it is important to note that I do not have perfect credit,
>> courtesy
>> of my ex-wife. Nonetheless, I asked for the best finance rate possible
>> and
>> got it. Seems all I had to do was ask. (I do have a good job, low
>> debt, and
>> make a decent buck, which can't hurt.)
>>
>> Once the deal was made, I was siphoned off to the finance gal, and
>> just as
>> some cautioned they tried to sneak in $150 for 20 "free" oil changes. She
>> said the contract had to show the oil change program price, but that
>> it had
>> already been deducted. I flashed the math though my mind, and it did
>> not add
>> up. I caught the discrepancy, thanks to the heads up on this group, and
>> worked it out to my favor. We had to tear up three documents, and now
>> free
>> means free.
>>
>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should
>> this one get totaled; my insurance, Geico, would just give me what it was
>> worth at the time of the accident. No, I do not intend to total the
>> vehicle
>> in the next five years, but I do plan on wheeling and you never know. I
>> think if you are buying a real Jeep or a Corvette and use them as
>> intended,
>> gap insurance makes sense.
>>
>> I turned down extra warranty options. I stuck with the no extra cost 3 yr
>> bumper to bumper plus the 7/70 powertrain.
>>
>> The minor glitches: it was supposed to come with a locking gas cap, but
>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>> also got
>> home and found no owner's manual, just a video.
>>
>> All told, I rolled out with a good deal, a full tank of gas, and one damn
>> fine machine!
>>
>>
>>
>>
>>
>
--
__________________________________________________ _________
tw
03 TJ Rubicon - Rubicon Express 4.5"
01 XJ Sport
There is a very fine line between "hobby" and "mental illness."
-- Dave Barry
Pronunciation: 'jEp
Function: noun
Date: 1940
Etymology: from g. p. (G= 'Government' P= '80 inch wheelbase')
A small general-purpose motor vehicle with 80-inch wheelbase,
1/4-ton capacity, and four-wheel drive used by the U.S. army in
World War II.
(Please remove the OBVIOUS to reply by email)
__________________________________________________ _________
#138
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
That's how I understand it... good for a lease, "bad" for a (properly
executed) purchase.
twaldron wrote:
> They flat lied to him about gap insurance, but he didn't do his homework
> on this either...unless he just explained himself incorrectly.
>
> Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
> VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
> people who are upside down on their loans and the vehicle gets totalled.
> It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
> $18k when it's totalled and he owes $18,900, gap insurance pays $900
> MINUS his deductable. If his ded. is $500, gap ins. pays $400.
>
> Jo wrote:
>
>> "I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should this one get totaled"
>> Hmmm... doesn't gap insurance cover the difference between what you
>> owe and what it's worth? This does not necessarily get you a
>> replacement vehicle, it just pays off your loan so you are not in debt
>> any more.
>>
>> Jeffrey Wright wrote:
>>
>>> Here's how it went:
>>>
>>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>>> ignored
>>> the dealer until today, Monday, May 10. I made it obvious I was in no
>>> hurry,
>>> I never salivated, and showed only mild interest in the vehicle the
>>> first
>>> time I saw it. Give me an Oscar.
>>>
>>> I took the advice proffered here and visited the suggested web sites. My
>>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>>> 26.5K as
>>> the "good deal" norm. I made this known, and my dealer came back with
>>> 26.1K-- at 5.9% interest for 66 months. No way.
>>>
>>> We went back and forth just a couple of times, and in the end I got
>>> my Jeep
>>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>>> put 3K
>>> down.
>>>
>>> I think it is important to note that I do not have perfect credit,
>>> courtesy
>>> of my ex-wife. Nonetheless, I asked for the best finance rate
>>> possible and
>>> got it. Seems all I had to do was ask. (I do have a good job, low
>>> debt, and
>>> make a decent buck, which can't hurt.)
>>>
>>> Once the deal was made, I was siphoned off to the finance gal, and
>>> just as
>>> some cautioned they tried to sneak in $150 for 20 "free" oil changes.
>>> She
>>> said the contract had to show the oil change program price, but that
>>> it had
>>> already been deducted. I flashed the math though my mind, and it did
>>> not add
>>> up. I caught the discrepancy, thanks to the heads up on this group, and
>>> worked it out to my favor. We had to tear up three documents, and now
>>> free
>>> means free.
>>>
>>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>>> should
>>> this one get totaled; my insurance, Geico, would just give me what it
>>> was
>>> worth at the time of the accident. No, I do not intend to total the
>>> vehicle
>>> in the next five years, but I do plan on wheeling and you never know. I
>>> think if you are buying a real Jeep or a Corvette and use them as
>>> intended,
>>> gap insurance makes sense.
>>>
>>> I turned down extra warranty options. I stuck with the no extra cost
>>> 3 yr
>>> bumper to bumper plus the 7/70 powertrain.
>>>
>>> The minor glitches: it was supposed to come with a locking gas cap, but
>>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>>> also got
>>> home and found no owner's manual, just a video.
>>>
>>> All told, I rolled out with a good deal, a full tank of gas, and one
>>> damn
>>> fine machine!
>>>
>>>
>>>
>>>
>>>
>>
>
executed) purchase.
twaldron wrote:
> They flat lied to him about gap insurance, but he didn't do his homework
> on this either...unless he just explained himself incorrectly.
>
> Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
> VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
> people who are upside down on their loans and the vehicle gets totalled.
> It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
> $18k when it's totalled and he owes $18,900, gap insurance pays $900
> MINUS his deductable. If his ded. is $500, gap ins. pays $400.
>
> Jo wrote:
>
>> "I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should this one get totaled"
>> Hmmm... doesn't gap insurance cover the difference between what you
>> owe and what it's worth? This does not necessarily get you a
>> replacement vehicle, it just pays off your loan so you are not in debt
>> any more.
>>
>> Jeffrey Wright wrote:
>>
>>> Here's how it went:
>>>
>>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>>> ignored
>>> the dealer until today, Monday, May 10. I made it obvious I was in no
>>> hurry,
>>> I never salivated, and showed only mild interest in the vehicle the
>>> first
>>> time I saw it. Give me an Oscar.
>>>
>>> I took the advice proffered here and visited the suggested web sites. My
>>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>>> 26.5K as
>>> the "good deal" norm. I made this known, and my dealer came back with
>>> 26.1K-- at 5.9% interest for 66 months. No way.
>>>
>>> We went back and forth just a couple of times, and in the end I got
>>> my Jeep
>>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>>> put 3K
>>> down.
>>>
>>> I think it is important to note that I do not have perfect credit,
>>> courtesy
>>> of my ex-wife. Nonetheless, I asked for the best finance rate
>>> possible and
>>> got it. Seems all I had to do was ask. (I do have a good job, low
>>> debt, and
>>> make a decent buck, which can't hurt.)
>>>
>>> Once the deal was made, I was siphoned off to the finance gal, and
>>> just as
>>> some cautioned they tried to sneak in $150 for 20 "free" oil changes.
>>> She
>>> said the contract had to show the oil change program price, but that
>>> it had
>>> already been deducted. I flashed the math though my mind, and it did
>>> not add
>>> up. I caught the discrepancy, thanks to the heads up on this group, and
>>> worked it out to my favor. We had to tear up three documents, and now
>>> free
>>> means free.
>>>
>>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>>> should
>>> this one get totaled; my insurance, Geico, would just give me what it
>>> was
>>> worth at the time of the accident. No, I do not intend to total the
>>> vehicle
>>> in the next five years, but I do plan on wheeling and you never know. I
>>> think if you are buying a real Jeep or a Corvette and use them as
>>> intended,
>>> gap insurance makes sense.
>>>
>>> I turned down extra warranty options. I stuck with the no extra cost
>>> 3 yr
>>> bumper to bumper plus the 7/70 powertrain.
>>>
>>> The minor glitches: it was supposed to come with a locking gas cap, but
>>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>>> also got
>>> home and found no owner's manual, just a video.
>>>
>>> All told, I rolled out with a good deal, a full tank of gas, and one
>>> damn
>>> fine machine!
>>>
>>>
>>>
>>>
>>>
>>
>
#139
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
That's how I understand it... good for a lease, "bad" for a (properly
executed) purchase.
twaldron wrote:
> They flat lied to him about gap insurance, but he didn't do his homework
> on this either...unless he just explained himself incorrectly.
>
> Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
> VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
> people who are upside down on their loans and the vehicle gets totalled.
> It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
> $18k when it's totalled and he owes $18,900, gap insurance pays $900
> MINUS his deductable. If his ded. is $500, gap ins. pays $400.
>
> Jo wrote:
>
>> "I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should this one get totaled"
>> Hmmm... doesn't gap insurance cover the difference between what you
>> owe and what it's worth? This does not necessarily get you a
>> replacement vehicle, it just pays off your loan so you are not in debt
>> any more.
>>
>> Jeffrey Wright wrote:
>>
>>> Here's how it went:
>>>
>>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>>> ignored
>>> the dealer until today, Monday, May 10. I made it obvious I was in no
>>> hurry,
>>> I never salivated, and showed only mild interest in the vehicle the
>>> first
>>> time I saw it. Give me an Oscar.
>>>
>>> I took the advice proffered here and visited the suggested web sites. My
>>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>>> 26.5K as
>>> the "good deal" norm. I made this known, and my dealer came back with
>>> 26.1K-- at 5.9% interest for 66 months. No way.
>>>
>>> We went back and forth just a couple of times, and in the end I got
>>> my Jeep
>>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>>> put 3K
>>> down.
>>>
>>> I think it is important to note that I do not have perfect credit,
>>> courtesy
>>> of my ex-wife. Nonetheless, I asked for the best finance rate
>>> possible and
>>> got it. Seems all I had to do was ask. (I do have a good job, low
>>> debt, and
>>> make a decent buck, which can't hurt.)
>>>
>>> Once the deal was made, I was siphoned off to the finance gal, and
>>> just as
>>> some cautioned they tried to sneak in $150 for 20 "free" oil changes.
>>> She
>>> said the contract had to show the oil change program price, but that
>>> it had
>>> already been deducted. I flashed the math though my mind, and it did
>>> not add
>>> up. I caught the discrepancy, thanks to the heads up on this group, and
>>> worked it out to my favor. We had to tear up three documents, and now
>>> free
>>> means free.
>>>
>>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>>> should
>>> this one get totaled; my insurance, Geico, would just give me what it
>>> was
>>> worth at the time of the accident. No, I do not intend to total the
>>> vehicle
>>> in the next five years, but I do plan on wheeling and you never know. I
>>> think if you are buying a real Jeep or a Corvette and use them as
>>> intended,
>>> gap insurance makes sense.
>>>
>>> I turned down extra warranty options. I stuck with the no extra cost
>>> 3 yr
>>> bumper to bumper plus the 7/70 powertrain.
>>>
>>> The minor glitches: it was supposed to come with a locking gas cap, but
>>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>>> also got
>>> home and found no owner's manual, just a video.
>>>
>>> All told, I rolled out with a good deal, a full tank of gas, and one
>>> damn
>>> fine machine!
>>>
>>>
>>>
>>>
>>>
>>
>
executed) purchase.
twaldron wrote:
> They flat lied to him about gap insurance, but he didn't do his homework
> on this either...unless he just explained himself incorrectly.
>
> Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
> VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
> people who are upside down on their loans and the vehicle gets totalled.
> It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
> $18k when it's totalled and he owes $18,900, gap insurance pays $900
> MINUS his deductable. If his ded. is $500, gap ins. pays $400.
>
> Jo wrote:
>
>> "I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should this one get totaled"
>> Hmmm... doesn't gap insurance cover the difference between what you
>> owe and what it's worth? This does not necessarily get you a
>> replacement vehicle, it just pays off your loan so you are not in debt
>> any more.
>>
>> Jeffrey Wright wrote:
>>
>>> Here's how it went:
>>>
>>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>>> ignored
>>> the dealer until today, Monday, May 10. I made it obvious I was in no
>>> hurry,
>>> I never salivated, and showed only mild interest in the vehicle the
>>> first
>>> time I saw it. Give me an Oscar.
>>>
>>> I took the advice proffered here and visited the suggested web sites. My
>>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>>> 26.5K as
>>> the "good deal" norm. I made this known, and my dealer came back with
>>> 26.1K-- at 5.9% interest for 66 months. No way.
>>>
>>> We went back and forth just a couple of times, and in the end I got
>>> my Jeep
>>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>>> put 3K
>>> down.
>>>
>>> I think it is important to note that I do not have perfect credit,
>>> courtesy
>>> of my ex-wife. Nonetheless, I asked for the best finance rate
>>> possible and
>>> got it. Seems all I had to do was ask. (I do have a good job, low
>>> debt, and
>>> make a decent buck, which can't hurt.)
>>>
>>> Once the deal was made, I was siphoned off to the finance gal, and
>>> just as
>>> some cautioned they tried to sneak in $150 for 20 "free" oil changes.
>>> She
>>> said the contract had to show the oil change program price, but that
>>> it had
>>> already been deducted. I flashed the math though my mind, and it did
>>> not add
>>> up. I caught the discrepancy, thanks to the heads up on this group, and
>>> worked it out to my favor. We had to tear up three documents, and now
>>> free
>>> means free.
>>>
>>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>>> should
>>> this one get totaled; my insurance, Geico, would just give me what it
>>> was
>>> worth at the time of the accident. No, I do not intend to total the
>>> vehicle
>>> in the next five years, but I do plan on wheeling and you never know. I
>>> think if you are buying a real Jeep or a Corvette and use them as
>>> intended,
>>> gap insurance makes sense.
>>>
>>> I turned down extra warranty options. I stuck with the no extra cost
>>> 3 yr
>>> bumper to bumper plus the 7/70 powertrain.
>>>
>>> The minor glitches: it was supposed to come with a locking gas cap, but
>>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>>> also got
>>> home and found no owner's manual, just a video.
>>>
>>> All told, I rolled out with a good deal, a full tank of gas, and one
>>> damn
>>> fine machine!
>>>
>>>
>>>
>>>
>>>
>>
>
#140
Guest
Posts: n/a
Re: Rubicon Price Negotiation: Done deal
That's how I understand it... good for a lease, "bad" for a (properly
executed) purchase.
twaldron wrote:
> They flat lied to him about gap insurance, but he didn't do his homework
> on this either...unless he just explained himself incorrectly.
>
> Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
> VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
> people who are upside down on their loans and the vehicle gets totalled.
> It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
> $18k when it's totalled and he owes $18,900, gap insurance pays $900
> MINUS his deductable. If his ded. is $500, gap ins. pays $400.
>
> Jo wrote:
>
>> "I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should this one get totaled"
>> Hmmm... doesn't gap insurance cover the difference between what you
>> owe and what it's worth? This does not necessarily get you a
>> replacement vehicle, it just pays off your loan so you are not in debt
>> any more.
>>
>> Jeffrey Wright wrote:
>>
>>> Here's how it went:
>>>
>>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>>> ignored
>>> the dealer until today, Monday, May 10. I made it obvious I was in no
>>> hurry,
>>> I never salivated, and showed only mild interest in the vehicle the
>>> first
>>> time I saw it. Give me an Oscar.
>>>
>>> I took the advice proffered here and visited the suggested web sites. My
>>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>>> 26.5K as
>>> the "good deal" norm. I made this known, and my dealer came back with
>>> 26.1K-- at 5.9% interest for 66 months. No way.
>>>
>>> We went back and forth just a couple of times, and in the end I got
>>> my Jeep
>>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>>> put 3K
>>> down.
>>>
>>> I think it is important to note that I do not have perfect credit,
>>> courtesy
>>> of my ex-wife. Nonetheless, I asked for the best finance rate
>>> possible and
>>> got it. Seems all I had to do was ask. (I do have a good job, low
>>> debt, and
>>> make a decent buck, which can't hurt.)
>>>
>>> Once the deal was made, I was siphoned off to the finance gal, and
>>> just as
>>> some cautioned they tried to sneak in $150 for 20 "free" oil changes.
>>> She
>>> said the contract had to show the oil change program price, but that
>>> it had
>>> already been deducted. I flashed the math though my mind, and it did
>>> not add
>>> up. I caught the discrepancy, thanks to the heads up on this group, and
>>> worked it out to my favor. We had to tear up three documents, and now
>>> free
>>> means free.
>>>
>>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>>> should
>>> this one get totaled; my insurance, Geico, would just give me what it
>>> was
>>> worth at the time of the accident. No, I do not intend to total the
>>> vehicle
>>> in the next five years, but I do plan on wheeling and you never know. I
>>> think if you are buying a real Jeep or a Corvette and use them as
>>> intended,
>>> gap insurance makes sense.
>>>
>>> I turned down extra warranty options. I stuck with the no extra cost
>>> 3 yr
>>> bumper to bumper plus the 7/70 powertrain.
>>>
>>> The minor glitches: it was supposed to come with a locking gas cap, but
>>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>>> also got
>>> home and found no owner's manual, just a video.
>>>
>>> All told, I rolled out with a good deal, a full tank of gas, and one
>>> damn
>>> fine machine!
>>>
>>>
>>>
>>>
>>>
>>
>
executed) purchase.
twaldron wrote:
> They flat lied to him about gap insurance, but he didn't do his homework
> on this either...unless he just explained himself incorrectly.
>
> Gap insurance covers ONLY THE DIFFERENCE BETWEEN THE VALUE OF THE
> VEHICLE AT THE TIME OF LOSS, AND THE LOAN AMOUNT. It's only good for
> people who are upside down on their loans and the vehicle gets totalled.
> It DOES NOT buy you a brand spanking new vehicle. If his Rubi is worth
> $18k when it's totalled and he owes $18,900, gap insurance pays $900
> MINUS his deductable. If his ded. is $500, gap ins. pays $400.
>
> Jo wrote:
>
>> "I did bite on the gap insurance. For $192 I get a replacement vehicle
>> should this one get totaled"
>> Hmmm... doesn't gap insurance cover the difference between what you
>> owe and what it's worth? This does not necessarily get you a
>> replacement vehicle, it just pays off your loan so you are not in debt
>> any more.
>>
>> Jeffrey Wright wrote:
>>
>>> Here's how it went:
>>>
>>> The Jeep came in Thursday, May 6. I ordered it back in February; I
>>> ignored
>>> the dealer until today, Monday, May 10. I made it obvious I was in no
>>> hurry,
>>> I never salivated, and showed only mild interest in the vehicle the
>>> first
>>> time I saw it. Give me an Oscar.
>>>
>>> I took the advice proffered here and visited the suggested web sites. My
>>> MSRP was 28.6K. Kelly's, Edmunds, and CarsDirect all had my Rubi at
>>> 26.5K as
>>> the "good deal" norm. I made this known, and my dealer came back with
>>> 26.1K-- at 5.9% interest for 66 months. No way.
>>>
>>> We went back and forth just a couple of times, and in the end I got
>>> my Jeep
>>> for 26.6K at 1.9% interest (Chrysler Finance) for 48 months. I had to
>>> put 3K
>>> down.
>>>
>>> I think it is important to note that I do not have perfect credit,
>>> courtesy
>>> of my ex-wife. Nonetheless, I asked for the best finance rate
>>> possible and
>>> got it. Seems all I had to do was ask. (I do have a good job, low
>>> debt, and
>>> make a decent buck, which can't hurt.)
>>>
>>> Once the deal was made, I was siphoned off to the finance gal, and
>>> just as
>>> some cautioned they tried to sneak in $150 for 20 "free" oil changes.
>>> She
>>> said the contract had to show the oil change program price, but that
>>> it had
>>> already been deducted. I flashed the math though my mind, and it did
>>> not add
>>> up. I caught the discrepancy, thanks to the heads up on this group, and
>>> worked it out to my favor. We had to tear up three documents, and now
>>> free
>>> means free.
>>>
>>> I did bite on the gap insurance. For $192 I get a replacement vehicle
>>> should
>>> this one get totaled; my insurance, Geico, would just give me what it
>>> was
>>> worth at the time of the accident. No, I do not intend to total the
>>> vehicle
>>> in the next five years, but I do plan on wheeling and you never know. I
>>> think if you are buying a real Jeep or a Corvette and use them as
>>> intended,
>>> gap insurance makes sense.
>>>
>>> I turned down extra warranty options. I stuck with the no extra cost
>>> 3 yr
>>> bumper to bumper plus the 7/70 powertrain.
>>>
>>> The minor glitches: it was supposed to come with a locking gas cap, but
>>> didn't. I had that noted on the "what the dealer owes you" sheet. I
>>> also got
>>> home and found no owner's manual, just a video.
>>>
>>> All told, I rolled out with a good deal, a full tank of gas, and one
>>> damn
>>> fine machine!
>>>
>>>
>>>
>>>
>>>
>>
>