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Smart Shopper Current Best New Car Deals
192 messages, Last post on Aug 30, 2008 at 10:03 AM
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Replying to: aepheme (Jul 13, 2007 6:30 am) '07 Volvo XC70 ($42,950 MSRP) - $399/Mo. for 24 months with $1399 at inception/10.5K miles per year and '07 Volvo XC90 3.2 ($45,075 MSRP) - $449/Mo. for 24 months with $1499 at inception/10.5K miles per year.
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Replying to: cccompson (Jul 14, 2007 4:19 pm) We stopped by a number of dealerships today and asked them if they could come close to the MSRP/$month ratio that Infiniti and BMW are offering ($42,000/$500) = 84... They all gave a resounding NO! I was amazed that most couldn't even get close. Here are some examples: Honda Pilot LX 4WD: $610/month Honda Pilot EX 4WD: $670/month Kia Sorento: NO 24month lease option Audi / VW Dealership: Said they couldn't get close! Jeep Dealership: The Same. Mazda Dealership: The Same. Subaru Dealership: The Same. Chevrolet Dealership: The Same. The only one that got moderately close was the: Chrysler Pacifica AWD: $492/month ($36k vehicle) And that's still as not as good! Any other suggestions out there? I'll have to check out the Volvo further...
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Replying to: janda1 (Jul 14, 2007 7:46 am) Personally, I would pass on the $599 Gap insurance from your dealer. If you feel you need it, check with your insurance agent. Some insurance companies sell gap insurance. The nice thing is it's cheaper and you can cancel it once you are no longer upside down on the loan. What are the terms of the loan and how much are you putting down? |
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Replying to: aepheme (Jul 14, 2007 6:58 pm) You know that just means the MSRP is highly inflated or the residual is highly inflated. A 40,000 dollar car using realistic residuals and money factors should lease for 700 something a month with no money down.
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Replying to: british_rover (Jul 14, 2007 7:03 pm) "How much car am I getting for my payment?" Alternatively, you could just look for the lowest Lease Payment, but that's not a great metric. In the following scenario: BMW 3-series - $375/month Ford Taurus - $350/month The Taurus is cheaper... but not a "better deal". Most people would probably jump all over the BMW even though it's more expensive. That's where looking at the lease payment in relation to MSRP is valuable. And -- in the majority of lease deals, you're looking for an inflated residual! Otherwise, it makes more sense for you to purchase the vehicle, finance it for 2-3 years, then sell it yourself. (A better metric would be Edmund's TMV to Lease Payment, but that makes things complicated. MSRP is decently correlated with TMV.)
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Replying to: aepheme (Jul 15, 2007 5:00 am)
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Replying to: cccompson (Jul 15, 2007 6:43 am) 1. Lexus GX470 - 7.7% 2. BMW X5 - 7.2% 3. BMW X3 - 6.6% 4. Acura MDX - 5.7% 5. Audi Q7 - 3.3% 6. Acura RDX - 3.0% 7. Lexus RX350 - 2.3% 8. Lincoln MKX - 1.4% 9. Volvo XC90 - 1.3% 10. Volkswagen Touareg - 1.2% 11. Volvo XC70 - 1.1% 12. Infiniti FX35 - 0.3% 13. Mercedes ML350 - NEG 0.5% 14. Mercedes R350 - NEG 1.2% 15. Cadillac SRX - NEG 3.4% 16. Saab 9-7X - NEG 12.1% There are a number of reasons why a car's market value may vary from the invoice. The manufacturer could have a systematic pattern of marking their cars too high. The market conditions could be such that specific models aren't selling as well as expected. Or the car could be ill received by the customer base and difficult to sell... Or maybe there's just a temporary discount to encourage early sales. Anyway, it's interesting to see. More data! |
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Replying to: dtownfb (Jul 14, 2007 7:03 pm) Slimy checked with his "District Manager" and stated we do not need to take the Gap and they will apply the rebate anyway. Very nice. The finance rate is .7 percent for 36 months. The price I got was for the sentra SL with mats 18,200 minus $1000.00 in rebates. After tax ($300), and Doc fees (bogus) of $394.50, registration and tag fees $49.00 and $39.00. Out the door for $17989.50 PS car arrived but my wife found a paint defect on the right rear pillar. Sales Manager says that he would not let us by the car with that problem. He is now looking for a new one for us. Should be in in three days. Do you thik I should haggle the Doc fee or am I getting overly greedy? |
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Replying to: janda1 (Jul 19, 2007 10:32 am)
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Replying to: janda1 (Jul 19, 2007 10:32 am) 
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