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Jeep Patriot Prices Paid and Buying Experience

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Comments

  • joep5joep5 Posts: 3
    Sounds like a decent deal. I just bought a Patriot Sport 4x4, 26E, w/ Tire Group and Tow Prep. MSRP was 21900, got it for 17800 (plus TTL). I'm sure there was some dealer gain on my trade, but I also got what I was looking for on it. So overall a win-win.
  • cadrewcadrew Posts: 10
    Hi all, just got a 2008 Patriot 4x2, CVT transmission, with the 158 HP engine. Advertised sale price here in So Cal after the $2500 rebate was $11,800, and with tax title, etc. was $13,450 out the door. Nice.

    I see these deals every week too, but you have to get there early.

    Also, they had me sit around for 2 hours, and tried to sell me the "package" of pre-installed alarm and other crap for $3000, then kept lowering the price. I declined every time, about 7 times. Finally got my deal. My monthly payment is about $253, for 5 years, with nothing down, using the "blank check" loan from Capital One, their rate was 5.44% for me, and I have good credit. Nice deal.

    Very basic car, but it is an SUV, has decent room, and I wanted that gas mileage of 25 mpg.

    Beware of the dealers though, they make it really tough to get this deal without offering you all the other b.s., and don't let them tell you that you have to use their financing to get the advertised price. If it doesn't say it in the ad, then it is not legal for them to tell you that, so let them know that you know it's illegal to do that.

    Good luck all!
  • ricoucfricoucf Posts: 21
    I finished yesterday night on the deal and here is complete details of it:
    Window Price:
    Base Price: $15475
    Inferno Red Color: $225
    Package option 26E: $2225
    CVT: $1100
    Destination Price: $560
    Total MSRP: $19585

    The Total deal was:
    Price of Vehicle: $18106.33
    Dealer fee: $75
    Electronic Filing Fee: $40
    Lead Acid Battery Fee: $1.50
    Florida new tire fee: $5.00
    FL Sales Tax 6%: $1093.67
    County Tax .5%: $25.00
    Lemon Law: $2.00
    License, Reg, Title: $101.50
    Subtotal: $19450.00
    Rebate: -$2500.00
    OTD price: 16,950

    I hope this is enough information for you guys to try to make a better deal :) .
  • ricoucfricoucf Posts: 21
    Nice deal Man! it looks like you beat me about $1k if I would have gotten the base model. Hope you enjoy it. It sure will give you the best bang for your buck as far as small SUV.
  • stater09stater09 Posts: 4
    I read somewhere that Chrysler has discontinued their "friends and extended family" discount; however, that employees can still help to get the cost down to invoice cost. Can someone explain this to me, or better yet, be the one to help out a college student in getting a new car!

    Thanks
  • aaron_taaron_t Posts: 301
    That is correct, The employee price for extended family/friends is discontinued. The regular preferred/supplier/friends pricing continues which ends up being near invoice (some vehicles +, others -). Basically, what most people can negotiate anyway without the hassle of negotiating. Being a college student, you are probably better off negotiating invoice and using the college grad incentive of $400 as you cannot use it with Friends program anyway.
  • buytickbuytick Posts: 1
    Does anyone know exactly when the new Patriots will be out?
    Also, can you get as good a discount on an ordered car as one that is on the lot?
  • bdanielbdaniel Posts: 1
    Ok, I've been checking around and these forums are the only mention I've found of a $2500 rebate for the 2008 patriots. I know they offered that rebate on the 2007's, but no dealer will mention the extra rebates on the 2008's.

    I'm wondering, is this rebate only offered when I sit down to buy? Or only when I try to walk away? I've never bought a new car before, it's kind of overwhelming.

    thanks
  • gomerohgomeroh Posts: 1
    If you go to jeep.com, click on Patriot, click on incentives, enter your zip code... and you will get the incentives that are being offered in your area. Don't be intimidated by the buying process, it's not as bad as you think! There are also additional incentives offered to military, and sometimes they offer something for recent college graduates that are first time new car buyers.
  • yurenyuren Posts: 1
    1. 2500 $ rebate
    2.1250 $ consumer cash allowance
    3. 400 $ College Grad

    Can I get all of these? I am in Ohio.
  • gigigirlzgigigirlz Posts: 1
    I am kind of new to this game...and am trying to buy a new Patriot...before the end of the month so I can take advantage of the $2.99 gas deal...I am ready to :cry: ...How do you know if you are getting a good deal or not??? I do have a Chrysler Employee discount code from a friend...at the first dealer the Patriot listed at 19,975..and he would sell it to me for 18,475....the second dealer didn't have any Patriots he said...but he did have Compass's which he said were basically the same car...and that listed at 21,624 but my price was 20,625....I really thought that the employee discount was worth a better discount...I am sooooo :confuse: ...thanks for any suggestions or help....
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi yuren. Generally, the terms rebate and consumer cash allowance are synonyms. In July, Chrysler was providing anywhere from $750 to $2,000 consumer cash on the 2008 Jeep Patriot. The exact amount varied by region. This incentive is compatible with Chrysler's college grad cash. I have not seen what its new August incentives are yet. I suspect that Chrysler will announce them later on today.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • thong24kthong24k Posts: 23
    But beware that you cannot take both offers. You have to pick the cash allowance or the $2.99 gas rebate.
  • "Hey Joep5 I sell Jeeps for a living. The lowest price possible is not always the best price. To Answer your question, if the dealer is going to give you invoice (what they paid for the car) that is the lowest price. But let me ask you a question when you buy this car and you have a question about something on your car or you need help with something who are you going to call ( your salesman). Why are you trying to steal from him or her. If the lowest price is 1,000 less that then best price with the best service. Then why would you not pay twenty dollars extra a month for someone to take care of you anytime you have any problems. To be blunt if you can't afford an extra 1,000 or 20 dollars a month you should not buy a car. Have you ever heard you get what you pay for. Buying a car is a big investment not to have anyone to rely on if something goes wrong. In short Pay your salesman if there is worth it don't cry over 1,000 dollars when have a good salesman is worth much more. "

    Ya got to be kidding...so cuz i need to feel like the sales person will get extra $$$ for his/her service i should not worry about the EXTRA $1,000...yea use that yourself on your home purchase why dont you...same principle...my sales person did wonderful...so whats an EXTRA 10K over a 30 year note...ah who care just give it to them....I dont know about you but 1K just dont grow on trees where i live..i have to work for it..and if I can save it by bargaining a better deal then thats my right to do so...I have only dealt with a sales person ONE time after the sale and NEVER again...the one time i tried on a new honda i purchased the sale person brushed me off and told me to go to the service center...WHY cuz they HAD their money and were done with kissn my rear!!!!!!!! Get in the real world or change jobs.
  • I am looking at buying a new Jeep Patriot and want to take advantage of the employee pricing. The dealer told me that the employee price was already below invoice and he couldn't go any lower. Is this what I should expect from all dealers? Does the employee discount come out of the dealer's profit?
  • I recently went to look at a Patriot Jeep 2009 Limited and got a quote:

    To buy:

    Mo. Pmt for a 72 Mo. Term @ 421.86. This is with Sirius Radio, UGPS, UConnect, UStudio, and all the other included options on a Patriot Jeep 2009 Limited. The amount financed was 25,465.04 then the Finance Charge was almost 20% of the Amount Financed @ 4,908.88. Why is the Finance Charge so high? I was thinking this should be around 8% or less of the amount financed? With this high finance charge it brings the Total Sale Price to 32,373.92. This is also with 2,000.00 down and all tax and fees included.

    To Lease:

    Mo. Pmt for 39 Mo. Term @ 434.97. This is the same deal as above except I would be leasing. I don't think the lease would have this very expensive finance charge.

    I want to buy this SUV but I would like to pay between 350.00 and 400.00 for my monthly charges for a 72 Mo term. I'm currently leasing a 2006 Base SUV Nissan vehicle that's total price is higher then the Patriot and I'm only paying 308.00 a mo. my lease expires soon. To me It just seems strange that this Finance Charge would be so high?
  • kyfdxkyfdx Posts: 27,667
    Couple of things..

    In general, the domestics don't have very good lease programs.. If you want to lease, you should probably stick with imports.

    Didn't the dealer quote an interest rate with the payments on a purchase? Anyway, the interest rate on 72 month notes is usually 1-2 points higher than a 60 month loan. It looks like your interest rate is around 6%, which isn't bad at all... Not sure how you expected the finance charges to only equal 8% of the total payments... After all, you are borrowing the money for 6 years.... and the average balance will be a little over 1/2 of the amount borrowed, over that term...

    I'm not all that familiar with Patriot pricing, but it looks like your purchase price, plus fees and taxes is about $27,500... That seems like a lot, but maybe your unit is loaded up?

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • The Total Price is $26,955.00 with Taxes included. I didn't realize that the finance charge was going to be $4,908.88 and the Amount Financed (borrowed) would be $25,465.04. APR is 5.90.

    This is a limited Fully loaded with Sun Roof, Sirius Radio XM, Uconnect, Ugps system installed plus all leather seats and stereo system. The price is $421.86 per/mo. for the 72 mo. term. The dealer just mentioned I'm getting an employee price and if i want the monthly cost to be less then i would need to put more then $2000.00 down.
  • One other thing why is the lease price so high? It comes out to $16963.83 for 39 mo. Basically this means I would be paying for over half of the total cost in 3 years! ouch!

    Mo. cost for lease with $2000 down is @ $434.97
  • kyfdxkyfdx Posts: 27,667
    5.9% gibes with my reverse calculation... That's just math.. Six years is a long time to borrow money.. The A in APR stands for annual... So, 5.9% of the average balance, each year of the loan.

    As far as the lousy lease payment? Low residuals, plus high money factors (interest). Since Chryler Finance isn't leasing, they have to run the lease through an independent bank. That bank only makes money on the finance charges... they aren't concerned with car sales, so no extra incentives to lease.

    At these prices, I think I'd learn to like something different..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

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