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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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Hello, I am interested in getting a new 2008 ford taurus x. After reading this forum for the last several weeks -I found out I should wait until after the 18th to buy. I thought I had done all my homework getting the tmv of the car and also getting a trade in value for my 2007 envoy. We went to several dealerships in our area and both of them want to give us the employee pricing and the 1500.00 cash back. They also both mentioned the 500.00 from ford for financing through ford. Neither dealership wanted to discount the car any further than the incentives they were receiving from ford and the both wanted to give me "wholesale value" for my car. Since when is the trade in value of my car wholesale value??? Any info here would be appreciated so I can decide rather to keep trying or not. Thanks!
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Replying to: smeans (Nov 22, 2008 3:48 pm) Agree, this car is not a good value with the current pricing plan. Since the car is being discontinued, I would wait and see what happens. When they killed the Freestyle, Ford offer huge discounts to get them off the lots. As for your trade, SUVs are out! Dealers have always (with few exceptions) used the wholesale value for trade-ins. They tell many people that they are giving them more for their trade, but make-up the numbers in other parts of the deal. Much depended on how good the used car market was for that model. With wholesale prices so low, they cannot afford to overpay for a car. Under the employee plan, the dealers are making a pre-established % of the sale. If you added up the saving of the employee pricing + rebates + the dealer's set %, this car is still not a good deal!!! Good Luck! |
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Thanks for the info. I'm still confused though then as to why there is a trade in value that can be found here on your site. What is the purpose of that? I thought that was supposed to give me an idea of what to expect to get out of my car on trade. The numbers they were giving me for wholesale were thousands below trade in value... I understand what you're saying about the taurus, but I'm interested in this trade in value in case I decide to go a whole other route. Thanks!
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Replying to: smeans (Nov 22, 2008 4:31 pm) The Edmunds trade-in numbers are just a guide. The dealers generally do not use the trade-in values found on these sites, instead they track the weekly wholesale price average of the car auctions. This is a supply and demand market; your SUV is out a favor with the market. You will most likely be better off keeping your current car. Good Luck! |
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Replying to: smeans (Nov 22, 2008 3:48 pm) The first question I have is why get rid of an '07 Envoy for a '08 Taurus X? Even if the Envoy averages 15MPG vs the TaurusX 20MPG (which is generous) than after 20,000 miles of driving at $3.00/gal you'll only save $1000/year. With gas under $2/gal you gas savings will be even less, especially if you're not able to average 20mpg with a TaurusX Based on how much you'll lose on trying to get rid of your Envoy you're probably better off keeping what you have. If you don't really have a need for 7passenger CUV/SUV, then it probably would be worth selling it for a smaller, more efficient car. On the other hand, if you really just want to buy one then go ahead and buy it and don't worry about the trade in loss because you'll make it up on the lower price of the Taurus X. It' really just a mental thing. A few years ago you'd get a few thousand more for trading in a 2 year old SUV, but then you'd pay a few thousand more for buying a new big CUV...so there's no real difference other than the feeling that you're getting ripped off on your trade in. The fact is that if you're going to save thousands more on buying a new or used, then expect to lose thousands more when selling or trading in yours. It's like the whole housing market thing. People go to buy a house and want many thousands off the selling price and then balk when they try to sell their home because people want them to take thousands off their selling price. Just like many folks were stupid in thinking that it was great when their house value would go up 20% in price each year but then when they sell it and buy a new one all the profit from the first house went to the downpayment of the next house, since that also had been going up in value faster then it should. So don't wait, buy now because the longer you wait the less you'll be able to get for your Envoy. |
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Replying to: seloo (Nov 22, 2008 10:48 am) Here are the details. 2008 - Taurus X 11,000 miles EB AWD Automatic Moon Roof Heated Seats in Front Sync $19,400 + $400 delivery + $700 dealer handling + TTL or 2008 Taurus X 6,000 miles EB AWD Automatic DVD Heated Seats SYNC $19,995 + TTL or 2008 Taurus X Limited 10,000 miles AWD Automatic SYNC $19,995 + TTL All of these vehicles are so close in price, however, maybe they are all rip offs? Please advise... D
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Replying to: lew8 (Nov 23, 2008 10:13 am) What do you know about these cars? Low mileage TXs like the ones in your post (but FWD) went for about $16 -16.5K ath the auctions. The AWD will be add about $500. If they are recent purchases from the auction, then they are most likely marked-up $2.5 to 3.5K. Good Luck!
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Replying to: seloo (Nov 23, 2008 10:36 am) Ford must do better than the current EP/$1500 off offer on the TX if they want to clear its huge inventory.
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Replying to: lew8 (Nov 23, 2008 10:13 am) |
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