Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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80k miles on a 2000 car (probably bought in 1999) is roughly 11k miles/year which isn't so bad at all.
Anyway, run it through the calculator and see what they come up with. Then check online ads and see what people are offering (I like craigslist.org for that).
It was bought in the summer of 2000, so it literally is exactly 6 years old right now.
I was just interested in the principle of the thing, if there is a certain mileage number when no one would want it anymore. If/when I hit that number, I'll probably donate it to a charity or a high school vocational ed. class for auto mechanics or something. Just kinda wondering what that point might be. Guess not for a while yet.
The last dealership I was at offered $300.
A competing dealership (which hasn't actually seen it yet) said they could offer between $300 and $500, and told me to sell it on craigslist.
I think for something like a Taurus, anything older than 2000 or so is undesirable. A Nissan should hold value longer, though.
Thanks!
The Chevy dealership ended up not having the car we were interested in, but at the Ford dealership we went to later I did just that, and the employee plan pricing was right there. Good info to know!
As long as I could reasonably expect to get more than $5,000 for it, I'd sell it. If less than that, I'd donate it.
Just hypothetical at this point.
Personally speaking I would say between 150K-200K depending on the car, or 15-15 years (age can do a lot to a car too). I wouldn't touch a car with over 200K on it. Others may differ in their opinion but to me there is just to much of a chance of something big time going wrong after that.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
A Maxima and a Taurus. A 120,000 mile Maxima wouldn't be a real easy car to sell but anyone who knows Maximas wouldn't be afraid of it. a well maintained Maxima is good for 200,000 miles or more.
A Taurus on the other hand, is a great example of a used car that few people want. A Taurus with 120,000 miles is a scary thing. They are not known for long term durability.
Funny,,,a 1993 Honda Accord or Toyota Camry sold for about the same price as a Taurus. A 120,000 mile Accord or Camry would quickly sell for a lot of money.
I have to deal with this every day.
At 200,000 miles if one major event happens, the car would be rendered a total.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
On the other hand, if a person had a short commute or just needed a beater to drive five miles to a Park and Ride, a 200,000 mile 500.00 car could last awhile.
I used to have that 5 mile ride to a "park and Ride" if I had it again I would use a scooter.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I would not buy a 120k Taurus as a used car off of a retail lot or a complete stranger as I have no clue as to how it was maintained. I would not give up a 120k Taurus, in the fear that something **MIGHT** go wrong as I maintain my vehicles well and will easily get 150k-200k on the vehicle.
And I would say the same thing about an Accord or a Camry because I have seen some that have been very poorly maintained ...
I also wouldn't say they can "easily" get 150k-200k miles without something major happening. They certainly can, however.
Please respond to jfallon@edmunds.com by Monday, July 10, 2006 and be sure to provide your daytime contact information and a few words about your experience.
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2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
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Back to getting the best deal.....I know of one guy who I work with that will pit one dealership against another "over a 250 mile radius". Now, he's a Benz, BMW type buyer and most of those stores will let him walk...every once in a while, he'll get a couple of different Benz dealers, for example, to get into a bidding war with each other. Doesn't happen often, but it does happen for him on occassion.
We were able to find the one car within 40 miles that had exactly the options we wanted, without the options we didn't want, and go to that dealer. Knowing exactly what other dealers had our second-choice package also helped us in terms of our bargaining position (mainly, not falling in love with the deal before it was satisfactorily concluded).
So, if you can find out if the dealer has what you want before going to the dealership, do it. It'll prevent you from being in the position of bargaining over things you don't want but the dealer has to sell.
Like I said, Ford has forddirect.com. Anyone else do the same thing?
Some only list the car, and without the options on the individual car you are seeking. That's next to useless.
I find shopping inventory on-line a convenient way to see who has what I want before making a trip to the dealer. It's a good idea to give them a call to see if what's listed on-line is still available, though.
Just out of morbid curiosity what car (make model and trim) was this where a broker saved you $2,300? Pardon my skepticism but that looks like an awful lot of money.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
(This is the poster's first and only post on the board, and the link is to a specific auto broker. And that broker website has been around for just a couple of months. Hmmm...)
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
If you know how to negotiate, you should be able to get the same or better deal that the broker did, and avoid paying that hidden commission.
Using Edmunds I configured a Maxima SE to come out about $41,100 (almost completely loaded is it not?) and according to their TMV it runs in the neighborhood of $36K or so (including a $1,500 rebate). Not sure how accurate TMV is in this case but it invoices at 37,800. I will not say if you got a good deal, an ok deal or a bad deal, I will just let you analyze the data. fair enough?
Of course this all depends on what the option list is and how accurate your "around $41,100" is.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
With the relatively strong Canadian dollar, it might be worth investigating buying a car in the US for your next purchase. You have to make sure that the car is approved for importation to Canada, and you have pay some inspection fees and such, but with proper planning, you shouldn't have to pay US state sales taxes and could save a lot of money.
I am asking, and I am NOT connected with anything except my wife, (I am retired)
Farout
Well there is this one dealer west of Chicago who has to be close to 350 pounds, can't say that there is anyone larger.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Farout
Anyway why do you ask such a question?
And what do you mean by largest?
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
I mentioned DaveSmith...but....that's the name of the dealership. Whew/ I wasn't deleted.
tidester, host
They do big volume. I'm not sure if they're "no haggle" exactly, but their advertised prices usually are about as low as you could find even with haggling.
Note: I've never bought from them as I live in No. Virginia and have always found my deals closer to home, but colleagues of mine have bought there and been happy.
The reason I asked was the fact that right now Chrysler has "Employee pricing" until the end of July. "Before" employee pricing, there was a $1500.00 rebate and a $500.00 mfg.to dealer incentive. Most dealers were selling the PT Cruiser at $1500.00 to $2000.00 "below invoice. ( I know because I was offered same.[ from two different dealerships).
Since "Employee Pricing" the same vehicle is now a thousand dollars "MORE", however; Fitzmall still advertises the old prices. I called Fitzmall and yes, they are still selling at the old VALUE deal. The only catch though....the invoice at Fitzmall comes up approx. $300.00 MORE than Edmunds, Cars.comm and NADA. The salesman says that is because their invoices have a $299.00 adv. fee :confuse: already on the invoice...plus they also charge a $499.00 "dealer fee".
By the time they add on the dealer fee and advertising fee, I can now see why they can still advertise such a lowball initial "BELOW INVOICE" price. I have a feeling they probably "lowball" the trade-ins as well.
NORTSR1
Are the prices that much lower to compensate for the added expense and time to fly in and pick up your car?
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
For example our RAG fees for Land Rover are 300 dollars but cars up around boston have a 500 dollar fee. Advertising in boston costs more money.
Conversely rovers down in the VA area have a 200 or 150 dollar fee depending on the part of VA they are in.
Edmunds never gets the RAG fees right as they vary from region to region and some regions may have no RAG fee.
As for the 499 pre fee I think that is actually low for flordia where fees of 799 and up or common.
I had heard before about different areas having different advertising fees )Hyundai, for example has the fee right on the invoice in some areas and yet no fee in other areas.
I really don't know about Chrysler, :confuse: it is just that I have never had a Chrysler dealer in my area (I live in Melbourne Beach, Florida) (and I believe Fitzmall is somewhere in the Tampa, Florida area) ever say that there is a dealer adv. fee on the invoice.
Perhaps if there is a Chrysler dealer that reads these posts, he or she might chime in??? :confuse: