Last post on Sep 24, 2008 at 2:42 AM
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Ford Freestyle, Ford Taurus X, Wagon, SUV
#640 of 850 confused about trade in
Nov 22, 2008 (3:48 pm)
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.
#641 of 850 Re: confused about trade in [smeans]
Nov 22, 2008 (4:15 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!!!
#642 of 850 still confused
Nov 22, 2008 (4:31 pm)
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.
#643 of 850 Re: still confused [smeans]
Nov 22, 2008 (5:03 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.
#644 of 850 Re: confused about trade in [smeans]
Nov 23, 2008 (6:35 am)
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
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.
#645 of 850 Re: Buyer needs advice [seloo]
Nov 23, 2008 (10:13 am)
Deal or no Deal...
Here are the details.
2008 - Taurus X
Heated Seats in Front
$19,400 + $400 delivery + $700 dealer handling + TTL
2008 Taurus X
$19,995 + TTL
2008 Taurus X
$19,995 + TTL
All of these vehicles are so close in price, however, maybe they are all rip offs? Please advise...
#646 of 850 Re: Buyer needs advice [lew8]
Nov 23, 2008 (10:36 am)
Any deal with delivery and dealer fees is NO DEAL!
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.
#648 of 850 New Taurus X Deals
Nov 24, 2008 (2:52 am)
This weekend, I saw an ad in the newspaper stating that new 08 Toyota Highlander Sport models can be purchased at $8K plus off the MSRP.
Ford must do better than the current EP/$1500 off offer on the TX if they want to clear its huge inventory.
#649 of 850 Re: Buyer needs advice [lew8]
Nov 24, 2008 (7:07 am)
I don't think those deals are too bad at all except for the delivery fee as seloo mentioned. It all comes down to what you want in the TX. The Limited comes with memory seats, heated seats and reverse sensing system as standard features. Are those features you prefer over a DVD system or moonroof? That's for you to decide. Good luck!