Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Do you currently drive a 2019 Ford Ranger and live in Michigan?
A reporter would like to talk to you; please reach out to [email protected] for more details.
Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

REVIEW CONTRACT

wineishealthywineishealthy Posts: 41
edited May 29 in Mercedes-Benz
Can someone please review this contract. Shouldn't the second parts 6.a be $50,913.30?
$49756.69 plus cap fees $677.60 + $66.89 + $329 + $85 = $50,913.30 Not $52071.69

one is 49K and the other is 52K

Comments

  • wineishealthywineishealthy Posts: 41
    In another forum, someone said its the Acquisition fee!

    Why isn’t the Acquisition fee showing in the contract, wouldn’t it be under section 5.a?
  • kyfdxkyfdx Posts: 119,942

    In another forum, someone said its the Acquisition fee!

    Why isn’t the Acquisition fee showing in the contract, wouldn’t it be under section 5.a?

    The fees you list are from the left-hand column and are paid at signing. They won't be part of the Gross CAP.
    Only the amounts paid upfront are in that column.

    There should be another page to this contract, that shows the amounts added to the Agreed Value to get to the Gross CAP.
    The difference is $2315.
    I'm certain that part of it will be the acquisition fee ($1095, if marked up from the base $795), but I don't know the rest. Did you purchase a maintenance contract? You are still $1220 short of the number.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • wineishealthywineishealthy Posts: 41
    he did tell me it was 1095, why would it be marked up and is it legal, can I ask to lower it? I asked for all of the pages and still, haven't received them.
  • wineishealthywineishealthy Posts: 41
    I haven't purchased anything extra or sign the contract
  • MichaellMichaell ColoradoPosts: 110,489

    he did tell me it was 1095, why would it be marked up and is it legal, can I ask to lower it? I asked for all of the pages and still, haven't received them.

    The dealer is allowed to mark up the acquisition fee to $1095; rather than haggle over that, just get another $300 knocked off the selling price to compensate.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Sign In or Register to comment.