Good Luck with the new Jeep! Looking on the bright side, your losses are probably tax deductible!

 

"The residuals on the new f150's were alot less than ford projected" ... I don't think Ford projected for a one year old truck to have 30k miles on it ...

$46k for a used 1 yr old KR is more realistic. What jeep did you get? Your monthly payments are obviously less than the KR given that very few Jeeps have a MSRP of $56k plus... Jeep dealer probably still makes good money of that deal

 

Good luck Tony, you seem like a good guy...Lou

 

Yes he was very honorable when the usual crowd started beating up on him.

 

There are algorithms manufacturers use for projecting the value of a car on time/mileage chart yes my cars value would be less by default. What I am saying is ford had projected at 3 years 36k miles its was 62% when these trucks get to that point the real market residual value will be closer to 55%.

The jeep dealer gave me the jeep at their cost so what they will make on that is just their dealer hold back cash. As far as the trade they have the truck priced at 3k over what they paid for their portion of the pay off someone that buys it used will not take it at their sticker price so they will make 1500-2k on the trade maybe. They will make some money all dealerships have to on every deal or they go out of business they just arent taking me for an arm and a leg.

 

I understand the lemon law buyback standard is reduced from MSRP by 1% per thousand miles. So 36k miles is 64%. Generally lemons are identified with much lower miles but that is an easy rule of thumb to apply.