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2396 messages,  Last post on Dec 08, 2009 at 1:04 PM

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What is this discussion about? Car Buying, Car Selling


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#2374 of 2396
Re: Used Car [kyfdx] by tjc78
Nov 02, 2009 (11:47 am)
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Replying to: kyfdx (Nov 02, 2009 10:54 am)

I have no problem buying a used car and saving $2K
 
With so many financing deals, in some cases the slightly used car financed at 6 or 7% would actually have a higher payment than the new one with 0 or 1.9%.
 
Example car with 0% (almost any GM these days) 5 year loan.
 
Brand new: $20,000 financed = $333.33 / month
Low mileage used $18,000 financed at 6% = $347.99
(Even if you got it for $17,000 its $328.66/month)
 
Really a no brainer in this case. The used car would be best for a cash buyer or a lot of money to put down.
#2375 of 2396
Re: Verify... [Mr_Shiftright] by jayrider
Nov 02, 2009 (1:42 pm)
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Replying to: Mr_Shiftright (Nov 02, 2009 6:41 am)

How do you know it's 2k off msrp? Have you sat down and got a signed buy sheet or is there a sign painted on the windshield? Is it 2k off the most expensive model with every single add on
 Scion has a ton of body work and flash you can add. Trim-electronics etc. If this is a modestly equipped car with 2k off it would sell too quick to even make it to the front of the store.
Just got a price of a 2010 xb with over 3k off msrp. Msrp 30782 buy for 27670.
#2376 of 2396
When do you negotiate when doing a dealer swap? by ashleyir
Nov 02, 2009 (1:45 pm)
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I am looking to purchase a 2010 CR-V but my local dealer doesn't have the one I want. They offered to do a dealer swap and asked me to come in and talk specifics with them. How does this work exactly? Should I expect to pay extra fees? Can I still get a good deal? Do I negotiate a price once they locate what I want or only after they take possession of the car?
#2377 of 2396
Re: When do you negotiate when doing a dealer swap? [ashleyir] by lrguy44
Nov 02, 2009 (2:03 pm)
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Replying to: ashleyir (Nov 02, 2009 1:45 pm)

Most dealers will not do a dealer trade until you commit to a price and the car. If the car is reasonably local, there should be no fees. The only thing the dealer may try to do 9and rightfully so) would be some or all of the transportation costs that may be incurred.
#2378 of 2396
Re: Used Car [Mr_Shiftright] by snakeweasel
Nov 02, 2009 (3:47 pm)
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Replying to: Mr_Shiftright (Nov 01, 2009 11:06 am)

Well let me ask this, if I bought a BMW drive it off the lot, down the street and back again and resold back to the dealership how much do you think I would get for it?
 
I will guess that even if they sell it again for a small discount they will make more money reselling it than they made selling it to me.
#2379 of 2396
Re: 2009 new car tax credit [keeferb] by snakeweasel
Nov 02, 2009 (3:55 pm)
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Replying to: keeferb (Nov 01, 2009 5:54 pm)

The sale has to be complete by 12/31/09.
 
If you are working on the deal on 12/31/09 and finish it a second after midnight technically you lose out on it.
#2380 of 2396
Re: When do you negotiate when doing a dealer swap? [ashleyir] by oldfarmer50
Nov 02, 2009 (4:16 pm)
Reply

Replying to: ashleyir (Nov 02, 2009 1:45 pm)

"...How does this work exactly..."
 
My last two new cars were dealer trades. Basicly, what I did was sit down with the salesman and tell him that there was nothing on his lot that fit my needs. I then told him what colors and options I required. He left for a few minutes and in both cases came back with several cars he could get from other dealers that either came close or were exact matches.
 
Since I had done my research here on Edmunds and other sites, I knew all the facts and figures on about what I should pay. I thought I got a fair deal in both cases. The dealer then arranged to have the car brought to the store. After I inspected the cars I signed all the papers. Easy.
 
I would recommend that you make it part of the deal that your purchase is pending a satisfactory inspection or even a final test drive. Then, if there is something wrong with that particular car you can back out.
 
I think you will not get your rock-bottom price with a dealer trade as there are costs with driving a car from 100 miles away. You will also not have 10 miles on the odo unless you pay to truck it in. Unless you're buying a hot rod or a collectible car that doesn't seem to be a big deal IMO.
 
You best deal will always be on an in stock vehicle but for me it was worth a little more to get exactly what I wanted.
 
Good luck and remember to come back and tell us your buying story.
#2381 of 2396
Re: Used Car [boomchek] by imidazol97
Nov 02, 2009 (4:18 pm)
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Replying to: boomchek (Nov 02, 2009 11:13 am)

>folks would take cash over cars they won in contests
 
I took the car. With a creative accountant there's a lot to be done there. 1979 Mustang Pace Car.
#2382 of 2396
Re: Used Car [snakeweasel] by Mr_Shiftright HOST
Nov 02, 2009 (4:38 pm)
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Replying to: snakeweasel (Nov 02, 2009 3:47 pm)

Oh you mean the dealer lowballing the trade and then voluntarily limiting his profit on the resale because he's making far too much money.
 
Yeah.....right......
 
What I meant about the new car being MSRP is this: If the price quoted on the new car is MSRP (which is higher than they'd actually sell it for), and then they tell you that the used one with only 50 miles on it is $2K cheaper, IN FACT both cars are probably priced the same....right?
 
Unless the person asking this question actually hammered out a written deal on BOTH cars, he wouldn't really know what he could have gotten the "new" car for, would he?
#2383 of 2396
Re: Used Car [imidazol97] by isellhondas
Nov 02, 2009 (5:29 pm)
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Replying to: imidazol97 (Nov 02, 2009 4:18 pm)

We took in a Smart Car last year that had ( I think) 40 miles on it.
 
The guys mother had bought it as a surprise and he just HATED the car.
 
I can't blame him either. I wouldn't even drive it but the people that did all said it was just a joke. It attracted bored service customers who wanted to drive it just to joyride. Every person who drove it hated it.
 
Finally with 150 miles on it, we took it to the auction where it bombed and we lost a couple of grand.

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