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Smart Shopper Certified Pre-Owned Vehicles
662 messages, Last post on Feb 18, 2009 at 2:08 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: joel0622 (Oct 18, 2007 9:02 am) Peeter btw, It's a Dodge (the only non Ford product we have). |
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I pickup up the truck last night and all went well (except for a bit of a wait for F&I since it was crowded there last night). I checked the tires and they were well within CPO specs (gotta get my eyes checked as I'm usually pretty good at this). They got a manual for me and even found floormats (don't know if my model came with them or not and, I still had the HD Costco ones from my old truck anyway). Even though the CPO was 8/80, I got offered a warranty plan for 8/100. I politely listened when the guy was explaining it, how the full plan covered all this and that, I then started pointing out the sections that weren't really needed since i did not have power windows, locks, etc... He did quote me a price for the Medium coverage plan, but I declined. When all was said and done, the final Price I could have gotten was around $740 (about 400 off the original number). I still declined as my history has been I usually end up just covering the cost of the plan with benefits used. Plus, I just got burned on my DLP TV. He warranty expired 9/28 and the bulb went 10/12  Overall it ended up being a pleasant experience. Thanks to everyone here for all the advice I've gotten personally and by lurking. I researched prices here, dealt with the internet mgr, went in with a preapproved rate and stuck to my guns on the add-ons. Overall I'm sure it wasn't the BEST deal I could have found, but I'm happy, it's in my budget! The numbers: 2004 Dodge Dakota SXT Club Cab, 57k miles $12,4 (one owner w/ CPO warranty). Trade '94 Daktota Club cab 149k (rough shape)  $600 Rate 6.69% for 60mo. (want to keeps payments low but will pay off early). Peeter And, the new bulb for the TV arrived yesterday so I even got to watch my Alma Mater win last night. GO RU! |
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Hi all: I am looking at purchasing an '04 or '05 CPO Acura MDX in the Boston area. There are at least 20-30 CPO MDXs within an hour's drive which meet my mileage and options requirements (most just inside warranty, coming off lease). Prices on the dealer websites are between 25-31K for CPO, and the local non-CPO market is very heavy with these cars. Edmunds is showing a trade-in of 23.2K on these cars, and with the number available on the market now, I think that may be high. No trade-in. So, my question is, for those experienced in buying CPO cars, would it be reasonable to make my starting offer at 30% below the asking price on a CPO MDX, finally settling at 20-22% off asking price? On a 30K car, my offer would start at $21K and I would top out at $23.5-24, trying to throw a few accessories into the higher numbers. Then I'll add the Acura wrap-around or Acura-care warranty to that (1K - 2K), bringing my final offer, including the extended warranty, to to 14 percent below their asking price. How low do you begin when negotiating on a CPO? Will the initial offer of 70 percent be scoffed at, tainting the negotiation? Thanks for any tips!
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Replying to: morgantia (Oct 21, 2007 6:47 am) Maybe some one will come along and read this that has access to what those cars are bringing off lease at the auction in your area. Then maybe you could get an idea of what a realistic offer would be. BTW I don't know any thing about Acura's
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Replying to: joel0622 (Oct 21, 2007 7:41 am)  I'm looking to pay 80-82%% of the asking price (about 25.5K on a 30.0K), but am wondering where to start negotiation, or is 20% below asking is even reasonable as a final offer. I just don't know what number to use as my starting point (hence, the 21K is at 30% off asking). Is there a standard dealer markup for CPO vehicles? I did post in the TMV forum asking for the current MDX auction prices in my area. I will work up from that. The Edmunds retail for a CPO MDX is at 28.7K, non-CPO is 26.6K. I would like to pay under this price, of course. Thanks! |
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Replying to: morgantia (Oct 21, 2007 8:40 am) |
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Replying to: morgantia (Oct 21, 2007 8:40 am)
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Replying to: british_rover (Oct 21, 2007 11:14 am) Various online articles mention markup ranges from 30 to 45% over the price of what the dealer cost was for the car, CPO or not (dealer's cost being price paid + cost to bring it to CPO standard + the CPO fee + like-new detailing). That's where my offering 80% figure came from. So, anyone buy a CPO MDX recently? The new ones are really pretttty....but a new MDX will have to wait until we see how our income projections for the next 2-3 years play out... Thanks again.
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Replying to: morgantia (Oct 21, 2007 12:19 pm) I wouldn't even acknowledge that offer with a counter offer. If the customer came back with a more reasonable offer I might counter it or I might just show them the door. The most expensive used car on my lot is a little over 70,000 dollars and I don't have 9,000 dollars of markup in that car. |
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Replying to: tidester (Sep 01, 2007 10:13 pm) As we're nearing the end of our lease, we've test driven quite a few vehicles but aren't finding anything that we love as much as our car (and everything seems expensive.) The payoff quote from Audi Finance for our car is $26191.20, (without taxes, fee's etc.) Our dealer is saying that their CPO cost is 2260.00 (that seems high to me?) and that the CPO price including tax and title etc. (minus the $850 loyalty) is $30554.30 Should I try to negotiate that CPO price? Should I shop other Audi dealers? He stated that the top tier financing rate for 25 - 60 months is 5.9%. When I got off the phone with him I went to audiusa.com and found a up to 60 month 4.9% promotion for 2005 allroads. When I called him back he said he'd speak to the business manager. Were they trying to make additional $ there or was that simply a mistake? (I'm so mistrustful of this whole process.) I appreciate the assistance and sorry if there is pertinent information that I've left out. kzybulew |
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