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Ford Taurus X Prices Paid and Buying Experiences

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Comments

  • selooseloo Posts: 606
    Do not buy a new 08 TX, it is not a good deal!

    Ford has changed the plan in order to appeal to the uninformed buyer.

    If you want to know more, the read the older posts.

    Why buy a car that will be worth 55% less as soon as you sign the papers!

    Buyers Beware!
  • I totally agree!! I was very disappointed to see that this deal really wasn't that much better than the previous incentive. I'm sticking with my plan to purchase a used 08 TX.
  • lew8lew8 Posts: 9
    So Sello has mentioned a number of times how great the price is for used cars as the used market is falling. So How do I purchase a car from an auction? Can I? Do I get a broker? HELP :confuse:
  • selooseloo Posts: 606
    Lew8,

    Find a dealer that recently purchased a TX at auction (the dealer's cost is much lower on these models) or one that really needs to clear some inventory.

    Most of these cars are marked-up $2.5K to 3K.

    Or find a dealer willing to purchase a car for you at auction on a price + (fee) deal.

    This is about money, on one is going to roll over and give you a good deal, it takes work on the part of the buyer.

    Good Luck!
  • The Ford Taurus X will be discontinued February 2009 when the 2009MY balances out. The cancellation of the Taurus X will allow us to provide a singular solution to our customers needing a seven-passenger crossover with the Ford Flex, a great vehicle that is both safe and stylish.

    Action:

    Please take note of the below key wholesale dates to mark your calendar and be sure to take advantage of the final Taurus X production.

    Final Taurus X Wholesale: November 25-Dec 5, 2008

    All final orders are due no later than Friday, January 16th, 2009
    Last day of production will be Friday, February 27th, 2009

    Source
  • selooseloo Posts: 606
    Good Post!

    Like the Freestyle, Ford should extend huge factory to dealer cash to clear the remaining 08s and new 09s.

    Additionally, I would guess that Ford would offer some great fleet prices for this car.

    The wholesale price for this car should continue to fall!

    Bottom line: Do not buy this car, yet!
  • selooseloo Posts: 606
    Dealer mark-ups on recently purchased TXs from the auction are huge!

    Example: TX EB Sold at auction for $14.3K Dealer Asking Price $20K.

    WOW!

    Problem: there is a lot of old inventory on the market that was purchased at the higher wholesales prices; this is inflating the current retail price average.

    Ask to see the CarFax report, so you know when the car was purchased from the auction and then compare that to the average wholesale price of the car during that time period.
  • lew8lew8 Posts: 9
    Lew here again,

    So, I am in the market for a Taurus X and love this car. I originally looked at the new market because of the "awesome incentives" only to find that the incentives were not that "awesome." So then I began looking at the used market and found a better price but having read this thread, I feel ripped off at the thought of purchasing a vehicle for $20K with a huge profit margin to the dealership. (Don't get me wrong, I know everyone needs to make a buck, but...)

    If you can, please advise specifics with this new info from Ford. I don't need a car tomorrow or the next day, etc. I have the ability to wait - but don't know how to navigate through this situation. Obviously, sitting on my hands at home won't do me any good - but how do I proceed????

    So glad I found this thread - otherwise I would have bought one for way too much already.

    Thanks in advance.

    Lew
  • selooseloo Posts: 606
    Lew,

    I agree, forget a new model (unless we are talking $10K + off deals)

    Do you know what trim you want? SEL? EB? Ltd?

    How many miles?

    Options?

    Color?

    The longer you wait the cheaper the car is going to be at the wholesale level.

    Start with autotrader and search for cars near your location.

    When you find a car that interests you, then get the CarFax on that car. Most are rental/fleet cars, watch out for accident or flood information.

    The average mark-up is around $3K. Some are lower and a few are much higher.

    Currently, many of these cars are selling at auction for about 45% of the original MSRP. Your goal show be at or very close to 50% off the MSRP.

    Edmunds new car site can give you the MSRP information. Check this information yourself, others might provide you misleading numbers.

    Please share.
  • bobw3bobw3 Posts: 2,997
    personally I'd not buy a used fleet/rental vehicle no matter what the price because I don't trust how it was driven or maintained, especially if it's only a year or two old. I'd rather spend more for a new one and keep it for 10 years, then buying and replacing used ones every few years. My '05 FS has over 60K miles, mid20s MPG and no problems. People should be less concerned with resale value then buying a good vehicle that meets their needs. It's not depreciation that costs most folks money, but selling and buying every few years. Buy and keep is the way to go to really save money.
  • selooseloo Posts: 606
    Bob,

    Long time.

    I agree buying and keeping a car is the real way to save money, but I would rather buy a car at half off the MSRP instead of paying $500 over invoice (plus fees).
  • Hello,
    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.

    Thanks!
  • selooseloo Posts: 606
    Smeans,

    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!!!

    Good Luck!
  • 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.

    Thanks!
  • selooseloo Posts: 606
    Smeans,

    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.

    Good Luck!
  • bobw3bobw3 Posts: 2,997
    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.
  • lew8lew8 Posts: 9
    Deal or no Deal...

    Here are the details.

    2008 - Taurus X
    11,000 miles
    EB
    AWD
    Automatic
    Moon Roof
    Heated Seats in Front
    Sync
    $19,400 + $400 delivery + $700 dealer handling + TTL

    or

    2008 Taurus X
    6,000 miles
    EB
    AWD
    Automatic
    DVD
    Heated Seats
    SYNC
    $19,995 + TTL

    or

    2008 Taurus X
    Limited
    10,000 miles
    AWD
    Automatic
    SYNC
    $19,995 + TTL

    All of these vehicles are so close in price, however, maybe they are all rip offs? Please advise...

    D
  • selooseloo Posts: 606
    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.

    Good Luck!
  • selooseloo Posts: 606
    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.
  • 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!
  • Kirstie_HKirstie_H Posts: 10,914
    A reporter from a large business magazine would like to speak with consumers who downsized from an SUV to a crossover or minivan to get better fuel economy. If you downsized for better fuel economy, please respond to ctalati@edmunds.com with your daytime contact information no later than Monday, November 24th.

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • selooseloo Posts: 606
    On a top of the line TX the current EP + Rebate + $500 (for financing) the savings is roughly $6K off MSRP (EP is % price based, so the savings will be lower for cheaper models) This is a classic shell game pricing scheme designed to confuse the uninformed buyer.

    When compared to others (Mazda, Toyota. etc..) and the poor resale value, this is not a deal.

    NO DEAL.

    A used model at 50% off the MSRP may be a deal!
  • kyfdxkyfdx Posts: 30,476
    Let's leave a little room here for members to report Prices Paid, or offers received..

    Any number of new models have poor resale, but we need some numbers for new sales, so that others can compare.. Some members might want a Taurus X, regardless...

    thanks,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • lew8lew8 Posts: 9
    HI all - Lew here again....

    So I haven't bought a car yet. Here is why...

    I can't help but think that Ford will come out with excellent end of the year incentives in the next month to clear TX at the end of 2008. Does anyone have an idea if this will happen or if I should just take the best deal out there on a used low milage one like those I listed above.

    I just don't want to buy now and be sorry in three weeks if Ford starts giving them away.

    Any guesses or advise would be appreciated. I would really like a new Limited Loaded but cannot justify the price difference between the low mileage used TXs.
    :blush:
  • Lew,

    I'm not sure why you're holding for a new one if you're concerned about the price difference. You should already know that the value of the car will drop like a brick once you drive it off the lot even with an increased incentive. A used TX is a year older or a little longer depending on service and I think they are an absolute bargain depending on where you look at. What exactly draws you to the "new" car over a "used" car? How much value is it to you to be the original owner of a TX? Only you can decide, so good luck.

    On another note, a friend of mine told me that a completely loaded Limited AWD w/ 7K miles at a Ford auction was listed at $21K. By completely loaded, he meant every option available on the Limited including navigation, dvd, power liftgate, etc. Hope that helps anyone.
  • lew8lew8 Posts: 9
    Ford Dad (Cute name by the way)

    Yeah - I think the used TX is a better bet because I really don't care about being the original owner.

    I am having a difficult time getting access or finding someone who knows how to access the auctions. Any chance your friend could help me? I cannot seem to find a loaded X like you mentioned above. Heck, I would even drive that car home if I had too but cannot find a loaded X with low miles anywhere at auction.

    Can you help? If I could buy that loaded TX I would.
  • I'd take that loaded Limited AWD for $21k in a heart beat....where do I pick it up?
  • lew8lew8 Posts: 9
    Come on Ford Daddy - Hook us up!!! Please:)
  • I wish I could, but it is closed to Ford franchise dealers ONLY!! Even if they opened it up to others, I am not eligible to purchase it as I have to be a licensed auto dealer to enter the auction. Like you, I would have bought one myself!
  • lew8lew8 Posts: 9
    So I have been working with a dealer to get one of these frachnise cars. Can you give me more details (location, vin #) so that my dealer might look into the vehicle more? I don't want to compete with your friend so if he/she is buying it forget this request. Details????
This discussion has been closed.