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Prices Paid: Buying & Leasing Experiences Ford Fusion Prices Paid and Buying Experience
224 messages, Last post on Nov 21, 2009 at 8:00 AM
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Last one in my state of Ohio for the 09's AWD. I like that I can finance now for 0% 72 months 2009 Fusion AWD w/ Moon and Tune Spoiler Heated Leather Seats Reverse Sensing Total MSRP with Destination is $28,905 Dealer offer to sell me the car OTD for $29,664 which includes my local 6.75% tax. he said it was being sold for $500 above invoice. Seems there is about $900 in Ford Credit fees, and misc. Please advise on what should be a "sales" price for this. Thanks |
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Replying to: mez4 (May 22, 2009 1:17 pm) Something you may want to consider- the worst part of 6-year (72-month) financing is that you may end up with negative equity in the car. Depreciation often out-paces monthly payments on a 72-month loan. I financed my last car for 72 months, but made the payment as if it was a 60 month loan- with the addiitional paid toward principal. It's on track to be paid off in 58-months (Nov 2010). If you plan to keep the car until it's paid off, it's not a big deal.
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Replying to: igozoomzoom (May 22, 2009 1:54 pm)  . I plan on making an extra $1,000 paymetn each of the first 3 years to make sure If i need to trade in I can do so and not roll negative. I looked at the amortization and in 3 years without extra payments Ill owe about $14,500. Hopefully this car will hold about 50% of its value in 3 years. I only drive about 11K a year.
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Replying to: mez4 (May 22, 2009 1:17 pm)
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Replying to: gth743b (May 22, 2009 2:43 pm)
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Replying to: frostbyte3964 (May 22, 2009 3:01 pm) |
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Replying to: mez4 (May 22, 2009 2:27 pm) Of course reality is that you are just paying all the interest up front by giving up the $3500. $29,664 paid over 6 years would be $412 per month. If you took the rebate, you would pay $26,164, financed at 4% for 6 years would give you a payment of $409. So the break even interest rate would be more like about 4%, depending on how much you finanace and if you pay extra as you suggested you would (which makes no sense, btw. It'd be better to put the extra cash in a money market or CD and earn a little interest). |
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I am planning to buy either a 2009 or 2010 Milan AWD with most of the popular options including navigation. However, there is very little information, if any, on the Milan. I need all the help I can get from this forum. I live in central New Jersey. What would be a good starting point of negotiation, the MSRP, Invoice or the TMV? There is $3500 cash back on the 2009 and only $1000 cash incentive on the 2010. Which one would be a better buy? What is the going price for a fully AWD, invoice less $3500 plus tax and tag for 2009, or invoice less $1000 plus tax and tag for 2010? Since most AWD cars are not hot sell cars I wonder if the selling price can go below the invoice. Any suggestion/advice is appreciated. |
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I have received quotes from 2 local dealers on a similar '09 Fusion. I was surprised that the dealers calculated the sales tax amount differently. If anyone out there would know which method is correct, I would appreciate it. Dealer 1 took my X-plan price minus the current $3500 rebate to get their final sales price, and then calculated the sales tax amount from this final price. Dealer 2 took my X-plan price and calculated the sales tax amount from it, and then subtracted the $3500 rebate. So Dealer 2 is collecting about $260 more in sales tax from me than Dealer 1. Which dealer has the correct and legal method for collecting sales tax? Thanks.
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Replying to: fusionguy (May 25, 2009 9:34 am) |
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