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Smart Shopper Smart Shopper-Archives Any Questions for a Car Dealer? 
16377 messages, Last post on Feb 11, 2006 at 4:59 AM
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I am going to be looking for a certified pre-owned car in a couple months. Probably Volvo or Acura. As many (if not most) of these vehicles have come off lease, but their advertised prices are usually set at full retail...is there any way to research what the original lease residual was on any particular vehicle? It's easy to figure out what the term of the lease was from the Carfax reports. An estimate of the (then) MSRP shouldn't be too difficult either. If I could estimate what the residual was, I would then know what the dealer paid for the vehicle and would have an idea if there was any reasonable room to negotiate.
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Replying to: allplastics (Jan 23, 2006 5:05 pm) Keep in mind.. the dealers don't necessarily pay the residual price.. especially, if it were set artificially high at the time of the lease.. A lot of lease returns go through the auction, and the dealers buy them at the market wholesale price.. This is a number that is much more useful... You only need that lease residual number, if you are looking to buy the car from the lessee... regards, kyfdx Host-Prices Paid Forums
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I have a 05 JGC that is a lemon. I have contacted Diamler Chrysler concerning this matter and they have yet to respond. BY law in Arkansas they have to respond within 10 days of receiving my certified letter. I now can demand a refund or replacement. But, really unsure of who contact for the refund or replacement b/c all I get are customer reps who are really not that helpful. What is the fastest way to get this matter resolved?
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Replying to: ashlea (Jan 23, 2006 6:39 pm) |
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Replying to: stickguy (Jan 23, 2006 1:36 pm) I got very lucky with the 99 Odyssey that we leased in November of 98 when they first hit the showroom. We traded it on an 01 Accord in May of 01 and got $3K more than the lease buyout. |
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Guys... Taxes absolutely depend on the state. On leases... some states charge you the same sales tax as if you bought the car (TX, IL, etc). And some of them AGAIN charge tax on the car if you buy it out (IL) and some do not. Some charge you tax on the payment (FL, MO, etc) Some charge tax on the difference between the cap cost and the residual (NJ). Not all states give you a tax credit for the trade-in. And with regards to the pass-through, some states REQUIRE a car to pass a state safety inspection or be capcable of passing if sold. Some states require a car to be smogged. So e have a Range Rover that needs tires and brakes to, I would assume, pass a state safety inspection. Assuming it's got the usual 18s.. that's about $1,000+++ for new shoes. Brakes? $500 internal if it's just pads. And what else? On top of that we still need to handle the DMV Paperwork, have a finance manager handle the transaction, book the car into inventory, explain to the used car manager who is likely paid on averaging a certain amount per copy why we did a "$0" deal...etc. In other words.. assume all the risk and at the very least make nothing? I don't think any intelligent businessperson would do that. |
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Replying to: kyfdx (Jan 23, 2006 5:29 pm) Then you got to put new brakes and tires and, if the lease was say a 30 month 15k one you know the guy who leased the car originaly probably did not do either, and the car needs both. So there is another couple of 1000 plus whatever detail /reconditing costs there might be as well. Bottom line you can't know what the dealer paid for a used car cause every used car is unique. The carfax will probably tell you how the car was aquired as well. Normaly it says if the car was put up for auction. Don't concern yourself with what the dealer paid for the car concern yourself with what you will pay. As long as you are happy with the price you got and feel you paid a fair price then everything should be fine. |
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Replying to: kdhspyder (Jan 22, 2006 1:32 pm) I know the tax situation in Colorado, Wyoming, and Utah but it is interesting to read about GREEDY tax structure in other states. It also informs prospective buyers where they can purchase a vehicle without being ripped off as much in sales and use taxes, documentary fees, dealer add-ons, additional dealer profit, etc. 
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Replying to: hansienna (Jan 24, 2006 7:42 am) For the record, EVERY state collects taxes differently than the other states. Utah gets it from higher personal and business taxes than some other states. It is all based on how the legislature decides to do it. If people disapprove on how it is done, they generally tos the bums out. Ask the Tennessee ex-governor who thought the state should have an income tax. I do know that most Illinois residents would not accept the level of education that you get from the very underfunded Utah public schools.
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Replying to: jlawrence01 (Jan 24, 2006 11:04 am) Ouch. I got an excellent education in an underfunded Utah public school, including 6 AP classes completed in high school. Not sure why you would take that potshot. Keep in mind that Utah has the highest birth rate in the US, which directly affects the per pupil spending. My only direct experience with Chicago is with the pizza, which is outstanding. Unless you have direct experience with Utah public schools kindly keep your opinions to yourself. What this has to do with cars I have no idea, so I expect the hosts to bring the hammer down shortly. -Jason
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