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Prices Paid: Buying & Leasing Experiences Ford Taurus X Prices Paid and Buying Experiences
765 messages, Last post on Nov 27, 2009 at 10:28 AM
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Replying to: seloo (Jan 10, 2008 9:17 am) Post your best deal in terms of below invoice price: 07 Freestyle $4900 below invoice. (Any of these left on the market?) 08 T-X $1000 below invoice. (This number is very low, better deals are being made with the CX-9 and VC) With all the rebates, at a minimum current deals on 08s should be at least equal to the rebate below the invoice price. (ie... $2000 rebate = $2000 below invoice) Watch out for extra fees! Good Luck. |
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Replying to: seloo (Jan 18, 2008 3:06 am) Thanks for all of the info, it's been very educational. I'll let you know what I get for a deal in the end as I plan to order by this weekend. My strategy is just as you outlined above. I have a better equiped poker-face to work with now 
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Replying to: seloo (Jan 18, 2008 11:11 am) Just because somewhere in the country a couple of people might have paid $1000 below invoice for a CX-9, for example, is meaningless information. You don't know where the information came from, all the aspects of the deal, trade-in, finance, time/date of purchase, locations, dealer inventory at the time, etc. But your posts imply that $1000 below invoice is the standard you should expect to pay and if you pay more you're getting ripped off...at least that's implied in my opinion. The repeated, copy/paste posts on multiple forums reminds me of late night advertising get rich scams where you see folks claiming to make $10,000/month working a few hours per week. Of course the fine-print disclaimer is that these are very unique stories, just as some of the prices being posted may be very unique situations with questionable accuracy. Plus the whole idea of fees being bad can be misleading too. A dealer may wave the $500 prep fee or other fees, so the buyer thinks he's getting a good deal, so he's happy to hand over his trade-in for thousands less and pay a higher interest rate. Bottom line is that the main emphasis should not be on fees, but on the bottom line, including trade, finance and total price of the car. Then you take that information to another dealer and see if they'll give you a lower total price. Whether or not dealer A charges you a $600 prep fee while dealer B doesn't charge any prep fee is meaningless. All that matters is the bottom line price. That's what you should emphasize in your copy/pasted posts across several forums. Sorry if the post sounds terse, but I'm just hoping to save folks some money on their bottom line...not just reduce/eliminat a few fees or just some other small part of the overall bottom line price.
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Replying to: bobw3 (Jan 19, 2008 2:48 am) I understand your point, but I disagree! Your approach offers very little help to anyone, but the car dealers. This information provides a reference point for perspective car buyers. I agree it is not perfect, but I believe the majority of postings are from honest people that are trying to help the next guy/gal on a car deal. The good news is that it is working! (People are becoming educated and are saving money). With all the information available on car prices, dealers are using fees to confuse consumers and pad profits, that is why I am pushing this issue (but again you already know that). As more people post their stories (as you can see, I do attempt to QC the information before posting it) buyers have a better understanding of the market and prices on deals have fallen significantly. This is just a small attempt to level the playing field through the use of information technology. No one is being forced to read this board and no one has to agree with the information being posted. I wish all the best of luck on their next car deal! Keep posting those good deals. |
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Your approach offers very little help to anyone, but the car dealers. My approach is to reduce the overall cost paid and not just focus "how much below invoice" one dealer is offering or the different types of fees. I'm not sure how this infomation about going for the lowest total costs helps the dealers? Your information is a good starting point, but in your post requests for the best deals per invoice price, if you're going to go that far than why not request the entire deal, including financing rates, trade-in, any accessories purchased, extended warranty purchased, etc... Yes you do tell people to watch out for those add-ons, but rather than just posting a "how much below incoice price" try posting more details on the deal. Maybe examples help: Person A posts that they bought their TX for $2000 below invoice, plus another $1000 rebate, so you'll say great and tell everyone that the new benchmark is $3000 below invoice including rebates... However what is not posted, or what's put in the fine print is as follows: Person A also traded in a vehicle and based on the price the dealer gave him, the dealer just gained $2000 fromPerson A for the trade in. Person A bought the extended warranty through the dealer, so the dealer gained another $500. Person A financed through the dealer and is giving them 7% interest over the next 60 months. Person A bought a 3 year maintenance, also giving money to the dealers. With this information, we can see that Person A's deal of $3000 below invoice isn't necessarily a good deal at all. But the dealer was able to offer the price of $3000 below invoice including rebates because the dealer was making money elsewhere. That's why I'm saying that it can be misleading just to post the price of the car and then try to pretend that it's the price everyone should expect to pay. When people read you or anyones posts on their "great deal below invoice price" everyone reading it should understand that there could be a lot going into the price that's not being identified in the post. And again, people should simply try to get the best deal from one dealer (total bottom line cost) and then go to another dealer to see if they can give you a better deal. The better deal may in fact be the one where the actual car price may be higher, but then the other dealer is giving the person a better trade-in or better finance rate. I'm sure some people will say to never finance at the dealer and never give them a trade-in and that's good advice, but considering many people do that, it's good to give them information about negotiating the total price.
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Replying to: bobw3 (Jan 19, 2008 7:15 am) |
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Replying to: bobw3 (Jan 19, 2008 7:15 am) I understand your thought process. The deals with trades usually do not make the leaders board (because the dealer makes the money on the trade). I still believe that the invoice price is the best reference point for these deals. It only takes about 15-20 mins of reading articles on the internet to gain a good understanding of the car buying process. Most people buying cars like the ones discussed on this board are not your third tier consumers. Many are tier one and some are tier two consumers. Occasionally, we get a guy who pays close to MSRP, (you know what they say, there is one born every minute). Let's clear the board, so the good deals can be posted. Take care.
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Replying to: seloo (Jan 19, 2008 8:44 am) Well, when you can walk out of a dealer and the only thing you paid was the actual price of the car and nothing else, then I'll agree that comparing the car price in relation to invoice is worth something. But until then.... And BTW I paid MSRP for my Honda Fit, and considering that people were (and have been almost 2 years later) lining up to get them and some paying over MSRP, paying MSRP can be a very good deal, so when someone makes comments suggesting that people paying close to MSRP are less than savy buyers, tells me that person really doesn't know much about supply/demand...a very basic economic principle. It's a bad idea to use or suggest "always" in a statement.
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Replying to: bobw3 (Jan 19, 2008 3:45 pm) Is this the Honda board? I thought we were talking about deals on Fords. Yes, we all know that your paid MSRP for your Honda and that you are very proud of that fact. Do you want some special recognition? Maybe your assistance is needed on the Honda boards, I am sure the Honda dealerships would appreciate it.
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