Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Any Questions for a Car Dealer?
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Just like the car dealerships - use what's familiar to you, what you trust and what works.
Car_man
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I was being dogged for having poor vision - missing a point made in one of Terry's posts - I thought it funny to be dogged for my vision considering my hobby.
John...and no, I'm no sniper either.
Since I was gonna be out that way shopping and that stuff would be GREAT for camp!
For stopping in you get either a box fan or a coleman cooler. For a test drive you also got a portable tv-radio. I figured what the heck !
Stopped in (driving my Caddy) it was a madhouse.
Told the salesman straight up I wanted the free goodies !
He took a copy of my DL and insurance card and gave me the keys. Drove it around the block and back in 5 minutes. Gave the salesman 10 bucks and told him to have lunch on me ! Told sales mgr. not interested so no pressure please ! Got my goods and split! Inconsiderate me ? Fire away !
Terry--re post #4664: The Acura dealership is now down to 6 MDX's still sitting out front. This dealerhsip has some kind of special accreditation from Honda (can't remember what it's called; kinda like blue oval, five star etc...) which I'm sure helps to facilitate their allotment of the MD's. I'm not in the market for one so I don't know for sure what their pricing stance is on them. I'm guessing that they arent budging from sticker now though as I've never seen that many at that dealership since they first debuted...and I drive by it everyday.
Regards... Vikd
who's a him not a her... :-/
btw...PT GT still in lemon h*ll?
Regards... Vikd
It finally quit raining (3 weeks straight, I thought I was back in Portland) and I can ride the motorcycle again!
What's with the MDX talk? I thought you were looking hard at a Maxima?
Regarding my recent shopping experience for the Max, it was at Royal M**** where the SM gave me the "never heard of it" response to the VPP question...but you were right that they are very nice folks there...
Regards... Vikd
Unless the place is as grown up as I can imagine it is.
Infiniti I think is depreciating far faster than is warranted, given the quality of the G and the warranty, but the historical perception of the mark hurts it. Competitors from Honda and Toyota would fair much better.
The current huge incentives on so many cars hurts too, especially if you didnt get the benefit when you purchased. I heard today that Chrysler extended their incentives until Labor Day, so this may be a HOT summer for deals
So I didn't feel so bad.................geo
I got stuck with a Kia I co-signed for a couple years back.
What a nitemare, so I am wary of Korean cars........
bo - i think a lot has to do with the vehicle... hot cars will bring the big bucks. what are you looking at?
Write this down if you want to but these things will be selling for 10-20% less than MSRP used in less than 3 months. I refuse to pay MSRP for one of these things used when I can pay the same for a new one. What does a guy do that HAS to sell one? He will discount it to get rid of it. Anyone that thinks selling them used at MSRP or even -$2K will ever work is crazy.
Then again, he could prolly use the break, so let's leave him out...
the wholesale price IS the value of the car, then add a bit of this and that to get your retail. Your private party sale is probably somewhere inbetween those two numbers. Its obviously more than wholesale, but usually not quite the retail value.... Another idea, check the paper, classifieds, auto traders, internet.. to get an idea of asking prices.. check the dealers as well.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
qbrozen: I thought peete was selling a sedan.
transport fee from auction/auction fee $200
any service needed? maybe $100
good detail - $125
dealer profit - $1,500-2,000
maybe a few other minor costs here and there...
so, take a loaded-up G35 sedan pulling high $27's.. can probably be bought from dealer for $30ish/30,5. MSRP is roughly $33,5k. I think your looking at a coupe, probably run a little higher thru the auctions, so retail used is a little higher.
That being said, there are some cars better purchased new... probably the G35 in this case.
if he wants to sell it for 20/25% off MSRP, let me know, i'd be interested.
Trade it, you get less than you'd get from a private party; BUT, since it's worth a big chunk, the sales tax credit on the new car is worth a big chunk.
Sell it privately, you got to get enough extra to cover that sales tax credit before it makes any sense at all.
Around here, that sales tax credit would be worth $1.5-$2K.
I wouldn't use %'s off as a rule of thumb... can vary widely from car to car, manufacturer to manufacturer.
Thanks for all your input.
He might have on another board. I'm not going to search for it. Oh well.
maybe you should email him.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
My best suggestion, go over to real world trade values and drop the EXACT description of the car on the board, Terry can give you a rough idea of the CURRENT wholesale value, and you should have some sort of an idea from there how to price it. Its your friend's decision if he wants to unload it for cheaper than whats its worth, people do it all the time and someone will get a good deal....
Same kinda thing with Civics, Accords, Camrys, etc. I can usually find a local dealer that will sell a new one cheaper than a used one.
To me, the value of my car (or a used car) is the wholesale value of the car, plain and simple. that is what the market is willing to give for the car. Obviously, you buy from a dealer, you won't buy at wholesale b/c there is a cost of doing business (yes, they have to make money to stay in business). Thats the starting point.....
Terry.
I think this incentive stuff, while great for a buyer is getting a bit silly. Greenspan is hinting at deflation - well here is the first real sign of it.
Just found the specifics:
http://reuters.com/financeQuoteCompanyNewsArticle.jhtml?storyID=2- - 870643&ric=GM.N&infotype=press&compname=GENERAL+MOTOR- - S
and now this from Ford:
http://reuters.com/financeQuoteCompanyNewsArticle.jhtml?storyID=2- 870829&ric=f&infotype=news&compname=FORD+MOTOR+CO
The incentive hid the price increase from most people.
2014 Malibu 2LT, 2015 Cruze 2LT,
I won't complain too much though. The insane asking prices for used CR-Vs help me get a ridiculous amount for mine when I traded it in last summer.
Incentives help to increase unit sales as opposed to less production which can reduce potential unit sales.
When you build a BATTLESHIP of immense proportions it takes A LOT of water to keep it afloat. When the General makes money it is BIG money, and when it loses, it is BIG BIG money!
I wouldn't say the UAW is killing GM, Ford, DaimlerChrysler so much as making them a whole lot less 'agile' than the smaller automakers.
There are darned few other companies/industries that can't scale back production/trim payroll on a whim. In a way it is not a bad thing, as even if/when they do 'scale back production' it gives 'em an incentive to look HARD at redoing the factory and SPEEDING up other parts of their vehicle desgin/development process. To spur demand some shiny new vehicles ARE still the BEST cure.