Las Vegas, NV–  FREE CAR BUYING Advice from Ask MYCARLADY.  I’ll answer your car questions for free. I do your car shopping, negotiating for a small fee, but you can ask me anything cars and I’ll answer you as I did here with a question from Jeanette in Colorado…

A Colorado dealer offered me a loaded 2006 JGC (Jeep Grand Cherokee) for $18,400, below blue book as far as I can tell. It has 43,000 miles and is not under warranty anymore. Given the instability of Jeep Chrysler, should I buy this car? Do I risk losing all trade in value and the ability to get parts if Chrysler Jeep folds? And if Chrysler folds, what is the chance that Jeep will too?
 Thank you!  Jeanette 

My Answers to Jeanette’s questions about buying the 2006 JEEP GRAND CHEROKEE…

Hi Jeanette,   “A Colorado dealer offered me a loaded 2006 JGC for $18,400, below blue book as far as I can tell. It has 43,000 miles and is not under warranty anymore.” 

“Given the instability of Jeep Chrysler, should I buy this car?”

<Jeanette, you don’t tell me if it’s a 4wd or 2wd, and what package(s) it has: Laredo or Limited, so I can’t tell you if it’s a good deal from the overall book value ratio. However, I can say that below book is where some of these cars are selling in some states, especially if it’s a 2wd in Colorado. As for the below book selling price in relation to Chrysler’s present instability, I think the 2006 had some service issues, which is why it’s priced as it is, not the state of Chrysler/Jeep. I’d buy it if you plan to keep it forever, or until the wheels fall off as long as you can live with trips to the repair shop as it gets older. These trips could get expensive over time, so watch each repair cost in relation to the overall value of the vehicle. This is a good rule of thumb for any vehicle more than 7 years old.>

 “Do I risk losing all trade in value and the ability to get parts if Chrysler Jeep folds?”

< Trade-in value is another story. The Jeep line has taken several quality control hits over the past 5 years, and that will affect trade-in value more than the company restructuring. If the company ceases to exist, the trade-in value will only be relevant in the next 3-4 years, after which it won’t matter as demand will be for the carcass and parts. The parts will not be an issue in a bankruptcy. If the entire Jeep product line ceases to exist, then parts will remain available for seven years, possibly longer as this is a popular model and there is a market for fixing these cars.> 

“And if Chrysler folds, what is the chance that Jeep will too?”

<It is most likely that Jeep will survive if the other lines; Chrysler and Dodge, do not. Jeep has the most unique platform and customer loyalty.>

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Sarah Lee is an automotive executive with 20+ years of experience. She writers about Cars, and is a staunch consumer advocate on car related subjects. Her company: MY CARLADY is a car buyer’s service committed to getting you the best deal on your next new or pre-owned vehicle. You can reach her at www.mycarlady.com

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