what id deprecistion of jeep over next 3 years with 85000 miles

Asked by jdo Oct 25, 2007 at 10:26 PM about the 2006 Jeep Grand Cherokee Laredo

Question type: Shopping & Pricing

3 Answers

jdo answered 17 years ago

If I purchase a used Jeep 2006 grande cherokee/laredo 4.7 V-8/leather/navigation/fully loaded with 27,000 miles for $22,480...purchase price with extended warranty to 85,000 miles ($100 ded) ...what will ne residual/value of jeep after 36 months with 85,000 miles?

Mark helpful
27,895

dvigano answered 17 years ago

I'm not sure there's an equation (or what it would be) to figure out the future residual value of a vehicle except at the end of the term (in this case 30 months). This is due to market value and subjective pricing as applied to vehicles of all makes and models at any given time. Good luck figuring this out. Maybe someone in finance or at a dealership could help you out.

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