Last post on Sep 08, 2013 at 7:27 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Kia Sorento, SUV
#585 of 586 Re: 2013 [stistie]
Jul 10, 2013 (1:44 pm)
I had a Dodge dealer with a "New" Demo (oxymoron, right?) with 3K on it that was an Executive Loaner only used by the owners wife (like I believed that). They wouldn't mark down the price, but did add 3K onto the life of the warranty. Nice of them, huh?
I did a little research on pricing Demos back when I was looking. There is no set standard on pricing it seems. A vehicle with 5K is considered "Used," whether it has been or not. I believe the cutoff is about 5 thousand miles.
A dealer gets a kickback from the manufacturer when it puts a vehicle into "Demo Status." They are allowed a certain amount of vehicles to use as Demos.
You are entitled to all incentives and rebates when purchasing a Demo. People disagree about how much should be subtracted from the price of a Demo. Some say it's a per mile charge to the dealer, some say it is a percentage of Retail.
IMHO: I think its a combination of the two. About a 4 to 6% Flat charge plus .35 cents a mile.
#586 of 586 2012 Kia Sorento EX
Sep 08, 2013 (7:27 pm)
Considering a 2012 Sorento EX with approx. 15K miles in the Hampton Roads area of Virginia. It has all the bells and whistles -- leather, two sunroofs, running boards, infinity audio, heated seats, 3rd row seating. Dealer has it listed at $25K but I'm thinking that's a bit on the high side. I could probably get into a new Sorento at that price or a little more. Any thoughts on what would be a reasonable offer? Thanks.