I'd much rather have your Kia. You also have negative equity right now so that is not a $5k Scion. I forget what numbers you are working with but even just $3k negative is putting you in a 150k-mile car for $8k. Then what? Finance it for 3 years. Do you really want to be making payments on something with one foot in the grave?
I'm not trading in on the 2006 Scion xA, I'm trading in on the 2016 Scion iA. I looked up NADA blue book values on my Kia today. It's worth $6,000 according to them. I'll demand $6,000 in trade and just finance the Scion iA for it's price. If I offer $12,000 and their Finance Manager insists on lowballing me - I'll bend and let the Kia go for $5,995. And they can tack $1,000 on to the iA financing. Then, because Toyota values depreciate slower than Kia values I'll be back side up within a year or two.
And, I'll have a sporty little red Scion iA that I absolutely love that will only have 28,000 miles on it. Or, if I'm at the 45,000 mark in two years I'll have to wait another year to right-side up. No, guys, I'm not going to trade for the old xA. I will probably take it for a spin, though.
Does NADA have trade values? I thought they just did dealer retail? But as I type this maybe I'm wrong.
I thought you said the Kia booked at $3500.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Hey iluv, since you're getting down to the $5k range and one of your Scion choices is a rebadged Mazda 2, why not cut out the middle man and go private party? Is this near you?
You buy more gas. It's not meant to take 300 mile trips in one go. The new ones have a range I think of about 180 miles.
Stop and buy gas every 100 miles! Not made to go on long trips. OK! I wouldn't even want one for a second car....what if the first one was in the shop for window tinting, and some kid drives it, and tears off a bumper, and I have to be at something 300 miles away? I want the option of having two cars if one is out of commission.
oldfarmer50 - for goodness sakes, man, the Mazda 2 you're posting is an automatic transmission. Not quite an abomination, but it would equate to me suddenly showing an allegiance to the Los Angeles Rams instead of the Seattle Seahawks!
Do you realize how that's so not going to happen?
The Kia Soul books at $3,500 when it's yours and you're trading it in for a different car at the dealer. I'm going by NADA comps I saw yesterday for private party sales of Kia Soul's for similarly aged Kia's. Of course it doesn't make sense to you, oldfarmer50, it's non-conventional and a long shot of mine.
If the Finance Manager laughs off the idea, and I'm sitting there having to listen to what their best offer is on my car for trade, I'll have to decide if the 2016 Scion iA is important enough to still trade for. By that time I'll know if I want the car enough, I'll have already test driven it.
Hey iluv, since you're getting down to the $5k range and one of your Scion choices is a rebadged Mazda 2, why not cut out the middle man and go private party? Is this near you?
If car buying were perfectly logical we'd all be driving Honda Civics.
Although I suspect some of us would still strive for a little excitement.
You can have one just like this one from my friendly local Tampa Honda dealer. Just need to pony up 10 grand for "market adjustment" and another 6 or so for essential accessories no self-respecting fan boy can be without. 50 grand plus taxes and it's yours.
Hey iluv, since you're getting down to the $5k range and one of your Scion choices is a rebadged Mazda 2, why not cut out the middle man and go private party? Is this near you?
I'll preface this by noting that I hven't driven a Type R... I do like the car but most everything I've read leads me to believe that it's an ultra-sophisticated evolution of my old Mazdaspeed3- and that's meant as praise. I'm just not in a hot hatch mode these days...
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
roadburner - and your statement supports my statement about car buying being mostly emotional. You'll buy what gets your motor running. It that's a Tesla S, it's a Tesla S for you. If it's a BMW 2-series, you'll buy a gently used one of those.
If it's a one and a half year old Japanese made screamer in red, you'll buy that. Money does rule the roost, but without the strong desire to get what you and only you want, you're just sitting there in the middle of Lake Chelan in your kayak...floating. You can't find your paddle.
What's worse, you've dropped your cellphone in the lake, too, so you can't listen to any more Tragically Hip! Say it isn't so!
I'll preface this by noting that I hven't driven a Type R... I do like the car but most everything I've read leads me to believe that it's an ultra-sophisticated evolution of my old Mazdaspeed3- and that's meant as praise. I'm just not in a hot hatch mode these days...
Would you pay 50 grand for it (plus TTR), as my Brandon dealer thinks it's worth? BTW, seems there have been no takers for this one in last month.
That's certainly a survivor. Imagine, a 5.0 with 150 hp and 2:73 rear. Must be embarrassing to get your doors blown off by shopping carts. Considering the dried out parts that must need replacing I'd say it's at top bid right now at $1995.
Suprised it has an airbag. My 91 Oldsmobile didn't.
15k "indicated miles" does not mean it has not rolled over once or twice.
90/91 Crown Vics and Grand Marquis are typically known to have bad odometer gears as well. It may not have 115K but could certainly have more than 15k and the gears never fixed
Most Fords got a driver's airbag in 1990
I love those models (an 89 was my first car), but that Woodrose over Brown has got to be the worst color they ever put on them
The odo gears on my 95 Lincoln went at 96k but by that time they didn't make replacements.
Mike, after all you have made it through, you should have just laughed yourself to sleep over a piddling little fender scrape.
Put yourself in my place. You finally got the car you have lusted over for many, many years. You have 151 miles on it. You go to a tint place and an employee not only scrapes the bottom of the left lower fender, but also pulls the bumper away from the fender 2-3 inches. I was totally crushed! It was like one of my children was seriously injured so that he couldn’t walk.
Yes - it’s just a car - it can be replaced - but it still hurts real bad.
The Mercedes dealer removed the bumper, replaced some brackets and a chrome piece, and then aligned the lower bumper and replaced it on the car using new clips. I can’t tell if was damaged and all the sensors, cameras and radar beams are operating normally. The service manager said this happens frequently to cars down here in Florida where 99% of all parking is pull in to a parking stoop. This S450 has the $6000 AMG sport package which includes lower front and side body moldings. So extra care must be taken when pulling into a spot. I will raise the car using the air suspension system every time I park.
I just pray the front end is adequately repaired. When I drive up to my brother’s next week for Thanksgiving, I’ll find out.
The front end of my LS 460 is rather low also. Whenever possible, in parking lots, etc., I will try to avoid pulling up to a concrete barrier. I try to find a space without a barrier and "pull through" so that I can leave by driving forward rather than backing up. It is very hard to see to back up if a large P.U. or Suv parks beside you. I also don't try to park too close to my destination to avoid crowded areas. I don't mind walking a bit to keep my "baby" a little safer.
Your car is probably better now than before the accident. I am certainly glad everything worked out !
25000 miles is at least 2 years of average driving....gone, and it is the best 2 years, and warranty years. I think new is worth looking into...just to compare. Might even get a better interest rate on a new one.
I just texted the dealer in Everett. The '16 Scion iM I wanted is an automatic tranny. Drat. The little blue xA has 148,000 miles - but it's a Toyota. I loved my 2006 test drive of an xA. Absolutely loved it. I'm texting right now with them - if they'll deal with me I'll deal with them. My sister lives in Bothell, which is only about 10 miles from there. I'll leave early Friday and make a day of western Washington-ing it.
The Mrs. might even come along for the fun!
In all honesty the dark blue 2006 Scion would be a ball ta drive but it's got a tad over 148,000 miles on it. Yikes. High mileage. I'll see what I can shake out of 'em. Be a trip ta head back to Everett, WA, again. That's where I helped build Boeing 767 jetliners. Great company ta work for - great benefits. I guess Rodland Toyota is a great car dealer - I will work to get a free maintenance package or at least reduced cost - gives me an excuse ta head to Seattle and visit my sister.
Iluv, man you have the fever really bad. I am sure you are aware of this, but just as a reminder: Sometimes wanting something is much stronger than actually having something.
Iluv, man you have the fever really bad. I am sure you are aware of this, but just as a reminder: Sometimes wanting something is much stronger than actually having something.
Wise words, but I believe it is "always" rather than "sometimes," especially in this group, which is why we switch so often.
'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
I'll preface this by noting that I hven't driven a Type R... I do like the car but most everything I've read leads me to believe that it's an ultra-sophisticated evolution of my old Mazdaspeed3- and that's meant as praise. I'm just not in a hot hatch mode these days...
I'd agree with that assessment, though admittedly I haven't actually driven either generation of the Mazdaspeed3. But the high power FWD approach certainly seems similar.
I drove the Type R for my commute this morning which was a bit over an hour, and I enjoyed it immensely. It's an impressive feat of engineering in the way it accelerates in such a linear fashion and with little drama at take-off for a FWD car.
@roadburner - if you get the opportunity to drive one, I would love to hear your impressions based on your experience with performance cars. If you ever are in the Denver area, you're welcome to drive mine!
And yes, the current markups at some Honda dealers on the Type R can be insane. As much as I love the car, it's not worth much more than the MSRP. I got mine in August, at about $1k of markup and $1k of accessories.
breld, man, I think we are on the same page about automobiles, too. Jay Leno and his car menagerie just popped in to my mind. That man lives and breathes automobiles. A lot of people don't know this, but Jay Leno was a Rolls Royce mechanic before he hosted The Tonight Show. Truth!
Now that I have calmed down a bit from all the excitement these past 7 days since getting the new car, I would like to provide all the details of how I happened to get a new Mercedes S450.
It started about 3 weeks ago when my brother bought a new Mercedes S550 Coupe from the North Orlando Mercedes dealer - another AutoNation dealer. He went over all the details about how the car was on the ocean on its way to the Port. He told me he bought it from a dealer that was over 100 miles away because the dealer beat the deals he tried to get at the Jacksonville dealerships by over $5000. When he took delivery, he sent me many pictures of the car - Selenite Gray with light gray leather seats and 20" AMG wheels with run-flats. He described, in detail, how it handled and the significant differences between the S Class and the BMW 7 Series. He was particularly impressed with how the new S Class maintained a straight path down the Interstates with no need for driver steering input - the exact opposite of how the 7 Series was unable to steer perfectly straight without significant driver input. I mentioned to him that I had the same problems with my 7 Series - you have to constantly provide steering input to maintain a straight path. I asked him why did he recommend the BMW 7 Series to me knowing how the car handled? He laughed and said he just wanted me to get a car that was more comfortable than the CLS 400 was - especially getting in and out of the car after the major surgery I had.
He said he got great trade values from the North Orlando dealership which is why he bought the car there. I contacted the local Mercedes dealership where I bought my CLS 400 in December of 2015 (it was a 2016) and they had very limited availability of the new S450, especially with the equipment and options I wanted. In any case, they said they would discount a new S430 $2000 below MSRP and give me $53,800 for my BMW 740i An acceptable trade value on my BMW according to wholesale auctions was $56,000+. I told the dealership that I was insulted by their offer and that was that.
I called the North Orlando dealership at the beginning of November and worked with a salesman over the phone for several days. He was willing to give me $55000 for my trade and would discount the new S430 (MSRP $105,795) $5000. I couldn't get him to come down any further. So, I just put trading in the BMW off because I just wasn't going to withdraw that kind of money from my bank account.
Last Friday morning, after walking at the Mall, I didn't feel like going home - I wanted to do something like eat a nice lunch out or perhaps run up to West Palm Beach and test drive the new S430. So, that's what I did. I pulled into the parking lot of the dealership and, as usual, a salesman was already approaching me to ask what I was here for. I told him I wanted to just test drive the new S430. I told him my ideal car would be Selenite Gray (same color as my brother's new car) with a light gray leather interior, Premium Package and Driver Assistance Package. I told him I did not want the AMG Line Option ($5900 for ground effects, special body styling and 20" AMG wheels) which I felt was a waste of money. He checked his inventory and told me a Selenite Gray with black interior S430 with Black Poplar Wood Trim had just come in from the port that morning but that it had the AMG Line option, rear spoiler, Wheel locks, Comfort Box and high performance tires - MSRP $105,795. Since I just wanted to test drive it, I said that would be fine.
We both walked to the back of his new car lot and low and behold, they had a huge inventory of S Class sedans, but only one in gray with the Driver's Assistance Package. I got behind the wheel and drove off to I-95. That was my undoing - I had fallen in love with this car. It was like driving in heaven. The car was awesome!
We went back to the dealership where I met the General Sales Manager. I showed him one of my old business cards from the Infiniti dealership so he would know I was in the business and knew more than most about sales and buying and selling new cars. He said he would give me one price to make things simple.
About 20 minutes later, the salesman comes back with a price of $96,245 which included a $1500 fleet discount from USAA. So, without a trade, I would be buying a $106,000 car for $9,755 below MSRP. That is an amazing price for a refreshed 2018 S450 (new model this year) that just arrived a few weeks ago at dealerships. As for the trade, he offered me $55,000. Thus, I only had about $34,000 in equity left in my car. There was no way I was going to spend or borrow that kind of money. I went into see the finance manager to just find out what the going interest rate was on an S Class sedan. He suggested that I lease the car. Lease the car - I haven't leased a car in almost 20 years and the lease payment would be a killer. Nope, I wasn't going to do it. But then he said, "...you have equity in your BMW - and every month you are losing more and more equity due to the depreciating asset. He suggested that I put down a huge Cap Cost Reduction from some of the proceeds of my trade after it is paid off. I said $640 a month, tax included, was my limit. He called Mercedes Benz Financial Services and worked out a lease with a money factor just under 3% with $24,500 used as a Cap Cost Reduction which brought the lease payment to $642 a month, tax in. It would be a 36 month lease with 12,000 miles per year.
I thought for awhile about this prospect of a lease. I would not have to withdraw any money from my bank account - in fact, they are writing me a check for $8,300 after inceptions of just over $1,000 are paid. I would be able to actually deposit some funds to my bank account and use some of the proceeds as Christmas gifts for my children and grandchildren. I would not have to worry any longer about continued depreciation of my equity in the BMW. Additionally, I would be in lease which would provide me with a needed incentive to stay in this new car for at least 30 months (you can turn in the lease after 30 months and if you get another Mercedes, they will buy out the remaining 6 months).
I decided to go ahead with the deal, but I said I wanted $56,000 for my BMW trade. He went back to the GSM and then he came back with the additional $1,000 for my trade ($56,000 in total). So, they made me an offer I could not refuse.
That is the story of how, why, when and where I got a new S430 Sedan. I am so very happy with my dream car. I have always wanted a Rolls Royce Ghost II, but knowing that is totally impossible, I am now driving my 2nd most loved dream car.
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
'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
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
Yes, broz, residual was just over 50%. The equity in my BMW made the lease work for me, and the $8200 cash back will make for a nice Christmas for my kids and grandkids.
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
.00090 MF (2.16%) and 55% residual for 36/12 on the S450 RWD
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
.00090 MF (2.16%) and 55% residual for 36/12 on the S450 RWD
That’s better than I thought! In this particular case, with equity in my BMW which was diminishing monthly, leasing was the better way to go for “me”.
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
Yes, broz, residual was just over 50%. The equity in my BMW made the lease work for me, and the $8200 cash back will make for a nice Christmas for my kids and grandkids.
Fingers crossed that your S450 doesn't get stolen or totaled in the next 30 months....
@qbrozen - I've been working with a guy (also in South Florida) on a lease of an S63 - $181K MSRP. The lease payment on that is right around $3000/mo.
You'd be surprised at how many folks post questions on the various lease threads about $100K and up vehicles and the monthly payments that get calculated.
Like you and @stickguy, I can't get my mind around a four figure lease payment.
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
.00090 MF (2.16%) and 55% residual for 36/12 on the S450 RWD
That’s better than I thought! In this particular case, with equity in my BMW which was diminishing monthly, leasing was the better way to go for “me”.
I’ll worry about my next car in 2020.
Doesn't mean that the MB dealer can't mark up the MF for a bit of extra profit, to partially make up for the big discount they gave you.
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
.00090 MF (2.16%) and 55% residual for 36/12 on the S450 RWD
That’s better than I thought! In this particular case, with equity in my BMW which was diminishing monthly, leasing was the better way to go for “me”.
I’ll worry about my next car in 2020.
Doesn't mean that the MB dealer can't mark up the MF for a bit of extra profit, to partially make up for the big discount they gave you.
It is what it is. I’m happy where I ended up carwise and money and payment.
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
.00090 MF (2.16%) and 55% residual for 36/12 on the S450 RWD
That’s better than I thought! In this particular case, with equity in my BMW which was diminishing monthly, leasing was the better way to go for “me”.
I’ll worry about my next car in 2020.
Doesn't mean that the MB dealer can't mark up the MF for a bit of extra profit, to partially make up for the big discount they gave you.
It is what it is. I’m happy where I ended up carwise and money and payment.
Exactly. We get a lot of folks who post about their lease deal (that they've already signed), asking "how did I do?".
Well, gomer, it's a bit late to be asking that question now, isn't it?
Often, we'll tell them that they should consider their deal a learning experience, and to come back in 3 years before they pull the trigger on their next lease.
Trust me, if I could drive a $100K car for $600/mo, I'm not sure I could resist, either.
Hey iluv, since you're getting down to the $5k range and one of your Scion choices is a rebadged Mazda 2, why not cut out the middle man and go private party? Is this near you?
Salvage title with an automatic? Do you hate iluv? ;b
Oops, I missed that part but you get my point.
What point would that be.....read carefully?
Boy, is everyone stressing over turkey day? Such testiness. My point is that since he's considering a sub $5k car it might be better to skip the dealer.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I'm not stressing about anything right now, oldfarmer50. And I look at everyone's car trade/ purchase ideas as welcome. You may have that second maple bar and cup of Starbucks, Sherlock.
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
Yes, broz, residual was just over 50%. The equity in my BMW made the lease work for me, and the $8200 cash back will make for a nice Christmas for my kids and grandkids.
So you got $56k for your 1 year old with 11,000 miles. What did you pay for it new?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
So that's somewhere in the neighborhood of like 50% residual on 36/12k? A zero down lease of something like $1400/mo. Good god. That's just a whole different universe than I'm used to.
Yes, broz, residual was just over 50%. The equity in my BMW made the lease work for me, and the $8200 cash back will make for a nice Christmas for my kids and grandkids.
Fingers crossed that your S450 doesn't get stolen or totaled in the next 30 months....
@qbrozen - I've been working with a guy (also in South Florida) on a lease of an S63 - $181K MSRP. The lease payment on that is right around $3000/mo.
You'd be surprised at how many folks post questions on the various lease threads about $100K and up vehicles and the monthly payments that get calculated.
Like you and @stickguy, I can't get my mind around a four figure lease payment.
My bet would be most of these are business leases that are being written off.
I’m trying to figure out how the math works. So you gave the dealership $56k essentially (a car you owned and had equity in) in order to drive a $100k car that you don’t own. Am I missing something? I’m glad you love your new ride!
I’m trying to figure out how the math works. So you gave the dealership $56k essentially (a car you owned and had equity in) in order to drive a $100k car that you don’t own. Am I missing something? I’m glad you love your new ride!
I think you are missing something, suydam. You got the beginning of your statement correct and the end of your statement correct, but somewhere in the middle, the concept got scrambled.
"YOU" have to put yourself in my spot - you partially own (with an emphasis on "partially") a 2017 BMW 740i with 11,400 miles on it. You have a loan with a bank that has a payoff of $21,910 on the BMW. The dealership puts a cash value on the BMW of $56,000 less the payoff of $21,910 leaving you with $34,090 of equity in the car once the loan is paid off by the dealership. Remember, each and every month, your equity is decreasing due to depreciation by about $800.
If you put a down payment (Capitalized Cost Reduction) of $24,500 + $1100 in lease inceptions, you end up with a remaining equity balance of $8,490, which is paid to you by the dealership in the form of a refund check within 5 business days after receiving the title to the BMW from the bank. Thus, I drive a 2018 Mercedes Benz S450 for 3 years at about the same monthly payment I was making on a loan on a 2017 BMW 740i.
No, I don't own a car now - I lease one. What happens in 2020 at the end of the 3 year lease, assuming I am still alive to worry about that or am still able to drive? I'll worry about that in 3 years. In the meantime, I am driving a car I love.
Most definitely, FF. In fact, I would have put down the entire equity to bring my monthly payments closer to $400 per month, but Mercedes Benz Financial would not permit me to put any more down (CAP Cost Reduction) on one of their leases - it was the maximum allowed.
If I would have purchased the Mercedes, I would have had to withdraw $40,000 from my accounts and still have a loan with a bank. At the end of three years, I would owe nothing on the car, but it would only be worth $50,000+, if I was lucky. So, I would have lost my equity and $20,000+. So, leasing this car was better than buying it in the short-run - and perhaps even in the long-run.
At least I'm happy (for the moment) and am enjoying my repaired S450.
Hey iluv, since you're getting down to the $5k range and one of your Scion choices is a rebadged Mazda 2, why not cut out the middle man and go private party? Is this near you?
Salvage title with an automatic? Do you hate iluv? ;b
Oops, I missed that part but you get my point.
What point would that be.....read carefully?
Boy, is everyone stressing over turkey day? Such testiness. My point is that since he's considering a sub $5k car it might be better to skip the dealer.
Good point....we were just having our fun with you, the astute car hunter!
I recorded a Hot Bench and watched it today. Young lady buys car privately for $2000 and had to do $1000 worth of repairs. Guy that was selling says it was his mothers car and he was selling it for his mother. He says he sold the car "As Is". He thinks his mother only had the car for a few months. She says car showed 118000 miles on it, but she got a Carfax that showed a few years ago the car had 240000 miles on it. He says it doesn't matter, he knows nothing about the mileage being changed. He says he only sold this one car. He says he is a banker. Lady shows he bought the car in 2012 and when he bought it the car had 240000 miles on it. She had pictures of other cars he has advertised for sale....about 6 cars. Judges say he could be charged with fraud. They award her $2000 for the car and $1000 for the repairs.
Definitely stressing over Thanksgiving, but not stressing over the holiday itself. We close tomorrow on the sale of our current home and purchase of our new home.
I have vendors coming Wednesday and Friday to the new house to clean and get cable/internet; Packing our old house Friday 11/25 and moving Saturday 11/26. Busy couple weeks ahead.
2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
good luck. as much as I want to be in a new house (and lower payments!), going through some of the mechanics is not appetizing.
though the worst part, by far, is going to be fighting with the wife about disposing of a large amount of the junkcrap stuff collected in this house (primarily hers, or things she can't seem to let go of). But at least it would (largely) get done, making the rest of the pain fully worth it!
Definitely stressing over Thanksgiving, but not stressing over the holiday itself. We close tomorrow on the sale of our current home and purchase of our new home.
I have vendors coming Wednesday and Friday to the new house to clean and get cable/internet; Packing our old house Friday 11/25 and moving Saturday 11/26. Busy couple weeks ahead.
Definitely stressing over Thanksgiving, but not stressing over the holiday itself. We close tomorrow on the sale of our current home and purchase of our new home.
I have vendors coming Wednesday and Friday to the new house to clean and get cable/internet; Packing our old house Friday 11/25 and moving Saturday 11/26. Busy couple weeks ahead.
We did that with our current home - closed on the sale of our old house in the morning (so we had the funding), then closed on the new house in the afternoon. Anxious moments waiting for all the paperwork to go through, but in the end it all worked out.
Major congrats to you and the family on this - hopefully the move will be uneventful over the long holiday weekend.
Is the new house "turnkey"? We took possession of our new house about 3 weeks before we moved in, so we could replace all the flooring, paint every surface, put in new countertops in the kitchen, new window coverings, light fixtures, etc.
Fortunately, my step son, his friend and their wives / girlfriends did a lot of the work; wife and I were the project managers.
I’m too much a worrier to try the pack, close, close, unpack trick. Much prefer closing on the new one first if possible, or move to temp housing briefly. Have done both, pluses and minuses to each.
I don’t think around here people close but let prior owners stay in the house. I would not want to do that if I was buying, that is for sure.
I remember buying our current house, and being at the RE office, and a family sitting in lobby looking sad. Turns out they had packed up moving truck, closed on old house, then went to close on new house, and something fell apart with the deal. So no closing, movers antsy to unload truck, and no place to go. Made our carrying 2 mortgages temporarily look worth it!
Comments
I thought you said the Kia booked at $3500.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
https://kpr.craigslist.org/cto/d/mazda-2-low-miles-51000/6375009363.html
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I wouldn't even want one for a second car....what if the first one was in the shop for window tinting, and some kid drives it, and tears off a bumper, and I have to be at something 300 miles away? I want the option of having two cars if one is out of commission.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Do you realize how that's so not going to happen?
The Kia Soul books at $3,500 when it's yours and you're trading it in for a different car at the dealer. I'm going by NADA comps I saw yesterday for private party sales of Kia Soul's for similarly aged Kia's. Of course it doesn't make sense to you, oldfarmer50, it's non-conventional and a long shot of mine.
If the Finance Manager laughs off the idea, and I'm sitting there having to listen to what their best offer is on my car for trade, I'll have to decide if the 2016 Scion iA is important enough to still trade for. By that time I'll know if I want the car enough, I'll have already test driven it.
2021 Kia Soul LX 6-speed stick
'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
2017 Cadillac ATS Performance Premium 3.6
Oops, I missed that part but you get my point.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2018 430i Gran Coupe
What point would that be.....read carefully?
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I do like the car but most everything I've read leads me to believe that it's an ultra-sophisticated evolution of my old Mazdaspeed3- and that's meant as praise. I'm just not in a hot hatch mode these days...
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
2024 Genesis G90 Super-Charger
If it's a one and a half year old Japanese made screamer in red, you'll buy that. Money does rule the roost, but without the strong desire to get what you and only you want, you're just sitting there in the middle of Lake Chelan in your kayak...floating. You can't find your paddle.
What's worse, you've dropped your cellphone in the lake, too, so you can't listen to any more Tragically Hip! Say it isn't so!
2021 Kia Soul LX 6-speed stick
2018 430i Gran Coupe
Yes - it’s just a car - it can be replaced - but it still hurts real bad.
The Mercedes dealer removed the bumper, replaced some brackets and a chrome piece, and then aligned the lower bumper and replaced it on the car using new clips. I can’t tell if was damaged and all the sensors, cameras and radar beams are operating normally. The service manager said this happens frequently to cars down here in Florida where 99% of all parking is pull in to a parking stoop. This S450 has the $6000 AMG sport package which includes lower front and side body moldings. So extra care must be taken when pulling into a spot. I will raise the car using the air suspension system every time I park.
I just pray the front end is adequately repaired. When I drive up to my brother’s next week for Thanksgiving, I’ll find out.
The front end of my LS 460 is rather low also. Whenever possible, in parking lots, etc., I will try to avoid pulling up to a concrete barrier. I try to find a space without a barrier and "pull through" so that I can leave by driving forward rather than backing up. It is very hard to see to back up if a large P.U. or Suv parks beside you. I also don't try to park too close to my destination to avoid crowded areas. I don't mind walking a bit to keep my "baby" a little safer.
Your car is probably better now than before the accident. I am certainly glad everything worked out !
2013 LX 570 2016 LS 460
2013 LX 570 2016 LS 460
'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
I drove the Type R for my commute this morning which was a bit over an hour, and I enjoyed it immensely. It's an impressive feat of engineering in the way it accelerates in such a linear fashion and with little drama at take-off for a FWD car.
@roadburner - if you get the opportunity to drive one, I would love to hear your impressions based on your experience with performance cars. If you ever are in the Denver area, you're welcome to drive mine!
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman
Your car stable is looking stealthy and strong!
2021 Kia Soul LX 6-speed stick
It started about 3 weeks ago when my brother bought a new Mercedes S550 Coupe from the North Orlando Mercedes dealer - another AutoNation dealer. He went over all the details about how the car was on the ocean on its way to the Port. He told me he bought it from a dealer that was over 100 miles away because the dealer beat the deals he tried to get at the Jacksonville dealerships by over $5000. When he took delivery, he sent me many pictures of the car - Selenite Gray with light gray leather seats and 20" AMG wheels with run-flats. He described, in detail, how it handled and the significant differences between the S Class and the BMW 7 Series. He was particularly impressed with how the new S Class maintained a straight path down the Interstates with no need for driver steering input - the exact opposite of how the 7 Series was unable to steer perfectly straight without significant driver input. I mentioned to him that I had the same problems with my 7 Series - you have to constantly provide steering input to maintain a straight path. I asked him why did he recommend the BMW 7 Series to me knowing how the car handled? He laughed and said he just wanted me to get a car that was more comfortable than the CLS 400 was - especially getting in and out of the car after the major surgery I had.
He said he got great trade values from the North Orlando dealership which is why he bought the car there. I contacted the local Mercedes dealership where I bought my CLS 400 in December of 2015 (it was a 2016) and they had very limited availability of the new S450, especially with the equipment and options I wanted. In any case, they said they would discount a new S430 $2000 below MSRP and give me $53,800 for my BMW 740i An acceptable trade value on my BMW according to wholesale auctions was $56,000+. I told the dealership that I was insulted by their offer and that was that.
I called the North Orlando dealership at the beginning of November and worked with a salesman over the phone for several days. He was willing to give me $55000 for my trade and would discount the new S430 (MSRP $105,795) $5000. I couldn't get him to come down any further. So, I just put trading in the BMW off because I just wasn't going to withdraw that kind of money from my bank account.
Last Friday morning, after walking at the Mall, I didn't feel like going home - I wanted to do something like eat a nice lunch out or perhaps run up to West Palm Beach and test drive the new S430. So, that's what I did. I pulled into the parking lot of the dealership and, as usual, a salesman was already approaching me to ask what I was here for. I told him I wanted to just test drive the new S430. I told him my ideal car would be Selenite Gray (same color as my brother's new car) with a light gray leather interior, Premium Package and Driver Assistance Package. I told him I did not want the AMG Line Option ($5900 for ground effects, special body styling and 20" AMG wheels) which I felt was a waste of money. He checked his inventory and told me a Selenite Gray with black interior S430 with Black Poplar Wood Trim had just come in from the port that morning but that it had the AMG Line option, rear spoiler, Wheel locks, Comfort Box and high performance tires - MSRP $105,795. Since I just wanted to test drive it, I said that would be fine.
We both walked to the back of his new car lot and low and behold, they had a huge inventory of S Class sedans, but only one in gray with the Driver's Assistance Package. I got behind the wheel and drove off to I-95. That was my undoing - I had fallen in love with this car. It was like driving in heaven. The car was awesome!
We went back to the dealership where I met the General Sales Manager. I showed him one of my old business cards from the Infiniti dealership so he would know I was in the business and knew more than most about sales and buying and selling new cars. He said he would give me one price to make things simple.
About 20 minutes later, the salesman comes back with a price of $96,245 which included a $1500 fleet discount from USAA. So, without a trade, I would be buying a $106,000 car for $9,755 below MSRP. That is an amazing price for a refreshed 2018 S450 (new model this year) that just arrived a few weeks ago at dealerships. As for the trade, he offered me $55,000. Thus, I only had about $34,000 in equity left in my car. There was no way I was going to spend or borrow that kind of money. I went into see the finance manager to just find out what the going interest rate was on an S Class sedan. He suggested that I lease the car. Lease the car - I haven't leased a car in almost 20 years and the lease payment would be a killer. Nope, I wasn't going to do it. But then he said, "...you have equity in your BMW - and every month you are losing more and more equity due to the depreciating asset. He suggested that I put down a huge Cap Cost Reduction from some of the proceeds of my trade after it is paid off. I said $640 a month, tax included, was my limit. He called Mercedes Benz Financial Services and worked out a lease with a money factor just under 3% with $24,500 used as a Cap Cost Reduction which brought the lease payment to $642 a month, tax in. It would be a 36 month lease with 12,000 miles per year.
I thought for awhile about this prospect of a lease. I would not have to withdraw any money from my bank account - in fact, they are writing me a check for $8,300 after inceptions of just over $1,000 are paid. I would be able to actually deposit some funds to my bank account and use some of the proceeds as Christmas gifts for my children and grandchildren. I would not have to worry any longer about continued depreciation of my equity in the BMW. Additionally, I would be in lease which would provide me with a needed incentive to stay in this new car for at least 30 months (you can turn in the lease after 30 months and if you get another Mercedes, they will buy out the remaining 6 months).
I decided to go ahead with the deal, but I said I wanted $56,000 for my BMW trade. He went back to the GSM and then he came back with the additional $1,000 for my trade ($56,000 in total). So, they made me an offer I could not refuse.
That is the story of how, why, when and where I got a new S430 Sedan. I am so very happy with my dream car. I have always wanted a Rolls Royce Ghost II, but knowing that is totally impossible, I am now driving my 2nd most loved dream car.
2024 Genesis G90 Super-Charger
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
'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
then again, I am driving a Hyundai not a Benz...
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2024 Genesis G90 Super-Charger
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I’ll worry about my next car in 2020.
2024 Genesis G90 Super-Charger
Fingers crossed that your S450 doesn't get stolen or totaled in the next 30 months....
@qbrozen - I've been working with a guy (also in South Florida) on a lease of an S63 - $181K MSRP. The lease payment on that is right around $3000/mo.
You'd be surprised at how many folks post questions on the various lease threads about $100K and up vehicles and the monthly payments that get calculated.
Like you and @stickguy, I can't get my mind around a four figure lease payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
'24 Chevy Blazer EV 2LT
I’ll worry about my next car in 2020.
Doesn't mean that the MB dealer can't mark up the MF for a bit of extra profit, to partially make up for the big discount they gave you.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2024 Genesis G90 Super-Charger
It is what it is. I’m happy where I ended up carwise and money and payment.
Exactly. We get a lot of folks who post about their lease deal (that they've already signed), asking "how did I do?".
Well, gomer, it's a bit late to be asking that question now, isn't it?
Often, we'll tell them that they should consider their deal a learning experience, and to come back in 3 years before they pull the trigger on their next lease.
Trust me, if I could drive a $100K car for $600/mo, I'm not sure I could resist, either.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Boy, is everyone stressing over turkey day? Such testiness. My point is that since he's considering a sub $5k car it might be better to skip the dealer.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2021 Kia Soul LX 6-speed stick
So you got $56k for your 1 year old with 11,000 miles. What did you pay for it new?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
@qbrozen - I've been working with a guy (also in South Florida) on a lease of an S63 - $181K MSRP. The lease payment on that is right around $3000/mo.
You'd be surprised at how many folks post questions on the various lease threads about $100K and up vehicles and the monthly payments that get calculated.
Like you and @stickguy, I can't get my mind around a four figure lease payment.
My bet would be most of these are business leases that are being written off.
2013 LX 570 2016 LS 460
2025 Forester Limited, 2024 Subaru Legacy Sport
'24 Chevy Blazer EV 2LT
"They just write it off!!!"
2017 Cadillac ATS Performance Premium 3.6
"YOU" have to put yourself in my spot - you partially own (with an emphasis on "partially") a 2017 BMW 740i with 11,400 miles on it. You have a loan with a bank that has a payoff of $21,910 on the BMW. The dealership puts a cash value on the BMW of $56,000 less the payoff of $21,910 leaving you with $34,090 of equity in the car once the loan is paid off by the dealership. Remember, each and every month, your equity is decreasing due to depreciation by about $800.
If you put a down payment (Capitalized Cost Reduction) of $24,500 + $1100 in lease inceptions, you end up with a remaining equity balance of $8,490, which is paid to you by the dealership in the form of a refund check within 5 business days after receiving the title to the BMW from the bank. Thus, I drive a 2018 Mercedes Benz S450 for 3 years at about the same monthly payment I was making on a loan on a 2017 BMW 740i.
No, I don't own a car now - I lease one. What happens in 2020 at the end of the 3 year lease, assuming I am still alive to worry about that or am still able to drive? I'll worry about that in 3 years. In the meantime, I am driving a car I love.
I hope that helped.
2024 Genesis G90 Super-Charger
If I would have purchased the Mercedes, I would have had to withdraw $40,000 from my accounts and still have a loan with a bank. At the end of three years, I would owe nothing on the car, but it would only be worth $50,000+, if I was lucky. So, I would have lost my equity and $20,000+. So, leasing this car was better than buying it in the short-run - and perhaps even in the long-run.
At least I'm happy (for the moment) and am enjoying my repaired S450.
2024 Genesis G90 Super-Charger
Good point....we were just having our fun with you, the astute car hunter!
I recorded a Hot Bench and watched it today.
Young lady buys car privately for $2000 and had to do $1000 worth of repairs.
Guy that was selling says it was his mothers car and he was selling it for his mother. He says he sold the car "As Is". He thinks his mother only had the car for a few months.
She says car showed 118000 miles on it, but she got a Carfax that showed a few years ago the car had 240000 miles on it.
He says it doesn't matter, he knows nothing about the mileage being changed. He says he only sold this one car. He says he is a banker.
Lady shows he bought the car in 2012 and when he bought it the car had 240000 miles on it.
She had pictures of other cars he has advertised for sale....about 6 cars.
Judges say he could be charged with fraud.
They award her $2000 for the car and $1000 for the repairs.
Buyer beware!
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I have vendors coming Wednesday and Friday to the new house to clean and get cable/internet; Packing our old house Friday 11/25 and moving Saturday 11/26. Busy couple weeks ahead.
though the worst part, by far, is going to be fighting with the wife about disposing of a large amount of the
junkcrapstuff collected in this house (primarily hers, or things she can't seem to let go of). But at least it would (largely) get done, making the rest of the pain fully worth it!2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2024 Genesis G90 Super-Charger
Major congrats to you and the family on this - hopefully the move will be uneventful over the long holiday weekend.
Is the new house "turnkey"? We took possession of our new house about 3 weeks before we moved in, so we could replace all the flooring, paint every surface, put in new countertops in the kitchen, new window coverings, light fixtures, etc.
Fortunately, my step son, his friend and their wives / girlfriends did a lot of the work; wife and I were the project managers.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Include me out.
I don’t think around here people close but let prior owners stay in the house. I would not want to do that if I was buying, that is for sure.
I remember buying our current house, and being at the RE office, and a family sitting in lobby looking sad. Turns out they had packed up moving truck, closed on old house, then went to close on new house, and something fell apart with the deal. So no closing, movers antsy to unload truck, and no place to go. Made our carrying 2 mortgages temporarily look worth it!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.