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Smart Shopper Got a Quick Question for a Car Dealer?
2394 messages, Last post on Nov 03, 2009 at 11:03 AM
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I have a "general question". When a car company has a "low interest" rate does the dealer participate in the price? In other words, how much does it cost the dealer when he does a "MSRP" sale of a new car at zero interest? Does the dealer really care what the interest rate that a customer pays on a loan actally is? I mean a loan with the manurfacturer and not the friendly finance company that is kicking back to the dealer. Is it worth it to "push" for the low interest rate after negotiating a good price for a car, does the dealer have options?
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Replying to: billsbuddie (Jun 11, 2009 3:57 pm) |
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Replying to: boomchek (Jun 12, 2009 8:49 am)
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Replying to: billsbuddie (Jun 12, 2009 12:08 pm) |
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Replying to: billsbuddie (Jun 12, 2009 12:08 pm) Edmunds TMV is an average. I'd try to go lower.
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Replying to: jipster (Jun 12, 2009 12:49 pm) |
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I fully own a car with a trade-in value of about $14k. I want to buy a car for about $10-$11k. How does this work....will I sit down, make the deal, and the dealer will give me a check for $3K? How uncommon is this? Any tips on how I should do this would be appreciated.
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Replying to: javacup (Jun 15, 2009 6:16 am) It's not very common but it happens once in a while. My most memorable was a customer who traded an 03 Mercedes Benz SL55 AMG for a loaded minivan. He got the minivan and we cut him a check back for about $50k. |
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I'm seeing a lot of 2009 cars being sold on the internet as USED when they have very low milage, usually no more than a few hundred, some as little as 10 (no typo, a used car with 10 miles). Quite a few have a Carfax which says previous rental some even say they were purchased from out of business dealers. So what's the story on these cars? I did hear that after June 9th Chrysler dealers who had lost their franchise had to sell their stock as USED but would another dealer who bought up the closed store's NEW stock have to do that too? As for the rental companies, why would they sell off brand new vehicles? Could it be that with the slow economy the rental companies are dumping cars that they haven't been able to rent? Finally, if I wanted to buy one of these cars is there anything I should be wary of? As it stands, the price on some of these units is low enough that I could fly 1000 miles to their location and save enough to pay for the trip, shipping back home and having a vacation .
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Replying to: oldfarmer50 (Jun 21, 2009 10:19 am) |
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