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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
Which is about 4% after taxes.
I don't consider 5.00% high yeild.
When I think HIGH, I'm thinking at least 7.5% so this would put you into an investment type of an account.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
That's what I meant when I said "piggy back".
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I guess that's a sure sign I can't pay the price of entry. :-)
Note that I said INVESTMENT type of an account to give you at least 7.5%.
I don't think you can get as high as 7.5% for savings/money market accounts today. I have some liquid money in these and you're right, they ain't this high.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
If you're putting together a rainy day fund, you're looking for something guaranteed, hence a money market account.
I won't argue with that but to get something you have to give something. There ain't nothin free. There are several mutual funds that have averaged over 7.5% for the last 3 years if not more (don't ask which ones these are because you know we can't do that here). I don't consider this much of a risk.
Now, if you want 10% or more you're going to have even more risk, maybe even a few months with sleepless nights.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
-Moo
link title
The restrictions are that you have to get online statements, have at least 10 debit card transactions a month, have at least one direct deposit, and access your account on line once a month. Along with the rate you get free ATM usage Nation Wide, and free bill pay on there site.
Also it is an additional 1.26% APY on balances over $50K not .75% like I said before. So the account can actually draw you up to 7.51% APY on balances over $50K
I think you should have read this person's post more carefully.
They mentioned putting money into a "high yield savings account." They didn't say anything about investment accouts/mutual funds/ect.
For a savings account, I think 5% could certainly be considered "high yield."
That's exactly right. I'm not talking about throwing this money into a mutual fund or something like that, I want it to be liquid and easily accessable. Thus, the savings account route.
On a completely different topic, the dealer with whom I'm working has quoted me a price that's $395 over invoice for my S-Plan price (which should be invoice). It's such a non-random number, that it seems to me to be a dealer added fee. Another thread over on the CX-9 boards stated a "dealer prep and handling fee" of about that much. That sounds spurious to me. Is this a common fee? Should I try to negotiate it away?
Thanks for the info. I checked into that account, and while you can earn 6.25% on balances up to $50K, your rates goes DOWN to 1.26% on anything over $50K.
I want one of these savings accounts to be very liquid and this did the trick for me.
-Moo
No doubt you're saving all that money preparing to buy a new car while you pick up great tips here on how to get a great deal when you collect all that interest!
tidester, host
SUVs and Smart Shopper
-Moo
Waht type of lease are you looking at? I saw your post on the Real Value forum. those guys are normally pretty accurate.
Good luck.
Basically, I'm looking at a Mazda CX-9 GT AWD, which, when optioned my way, MSRP's at around $38,500. With S-Plan pricing, and Mazda's current incentive rates on leases, and depending on how much my VW is going to be worth, I should be in the lease for $400-450/month for 24 months @15k miles. If I buy, I'm in for over $700. I'd rather squirrel that $300 away and spend it in 2 years to buy the CX-9 offlease than hand it over in interest payments now.
-be ready to buy that day.
-offer ridiculous amounts, they will try to get as close as they can as quickly as possible so that they can move on and sell another car to the next customer. They work hard and fast at the end of the month.
-sit there and keep saying 100 less here a 100 less there.
-if buying a luxury car it is usually better to lease.
Good Luck
This weekend I got a deal from one the dealer for Highlander and wanted to take some opinions from the experts out here in this forum.
It is a 2006 2 WD, White Color 3.3-liter Highlander with almost 32K miles on it. It have leather seats, third row seat, Moon Roof and JBL sound system.
Dealer bought it from some Rental Car Company. KBB Retail Price for the above vehicle is $26500 and dealer is asking for $19995 + 10% fee (Tax, Title and document etc.). He said till last week, ticket price for the vehicle was $26995 and they reduced it as it is in their lot from last 40 days.
I was surfing the net and talked to some people and I was advised to negotiate for almost 25% of what is the ticket price for a used vehicle from a dealer.
Now how much should I negotiate on $19995? What can be the closest value for this highlander?
Thanks in Advance !!!
He's selling it to you for $19995, or $26995?
If his price was $26995 and you can have it for $19995, that's nearly 25% off.
If that's the case, I can't see them discounting the car more especially as you saw for yourself KBB value is in the $26k range.
When we put used cars on sale and dscount $3k, there isn't much more room to move on the price, we're pretty much selling them at cost.
Please clear up so we can help.
2016 Audi A7 3.0T S Line, 2021 Subaru WRX
If they're desperate to get rid of it you migth be able to get another few hundred bucks.
Like I said when we mark our cars down that much, there's rarely any room left to move on the cars, and eventually someone recognizes that it's an awesome deal and buys it.
2016 Audi A7 3.0T S Line, 2021 Subaru WRX
If they're desperate to get rid of it you migth be able to get another few hundred bucks.
Like I said when we mark our cars down that much, there's rarely any room left to move on the cars, and eventually someone recognizes that it's an awesome deal and buys it.
2016 Audi A7 3.0T S Line, 2021 Subaru WRX
However there are some things which is bothering me -
1. If this deal so good why they could not sell that on the weekend itself (they publish this deal in local newspaper car's ads, same place where I notice this). There should be a rush in their showroom for such a fantastic deal and vehicle should go away very fast.
2. Salesman is saying that till last week ticket price was $26995 (nobody knows whether that is true or not). Then why did they reduce the price by $7000? Salesman's explanations is that vehicle is in their lot for 40 days so that's why they reduce the price. Is that a valid explanation?
3. It was a rented vehicle and driven a lot in 1 year (32K), how much this factor contribute into the price of the vehicle and its negotiation?
You did say it was a two wheel drive right? If so that could be the reason why it didn't go away very fast. Most people want 4WD or AWD in a SUV.
Salesman's explanations is that vehicle is in their lot for 40 days so that's why they reduce the price. Is that a valid explanation?
yes it is if true. As inventory sits its carrying costs increase. Also if its been sitting there for some time then its more likely will be there longer unless its discounted.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
You did say it was a two wheel drive right? If so that could be the reason why it didn't go away very fast. Most people want 4WD or AWD in a SUV.
Salesman's explanations is that vehicle is in their lot for 40 days so that's why they reduce the price. Is that a valid explanation?
yes it is if true. As inventory sits its carrying costs increase. Also if its been sitting there for some time then its more likely will be there longer unless its discounted.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
You did say it was a two wheel drive right? If so that could be the reason why it didn't go away very fast. Most people want 4WD or AWD in a SUV.
Salesman's explanations is that vehicle is in their lot for 40 days so that's why they reduce the price. Is that a valid explanation?
yes it is if true. As inventory sits its carrying costs increase. Also if its been sitting there for some time then its more likely will be there longer unless its discounted.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
It looks like there are some catches to the $19,995 that is being advertised. The first is the 10% fee which I’ve never heard of in my neck of the woods but if they are charging it, that’s another $2,000. Second is what appears to be the ever popular “documentation fee “, until this is defined you have no idea what it is. So, with the 10% fee and a doc fee of lets say $305 the cost of this car is now $23,000 not the $19,995 that it first appeared to be.
If I were you I’d double check the real value of this car and if it is the $27,000 that you say it is, I’d offer $20,000 plus Tax, Title and Registration fees and see if they will take that. Then decide how much more you’re willing to allow yourself to be bumped up.
Let us know how it goes.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
However its a bit more for the third row, leather seats, moon roof and sound system.
So it comes to be about 7-8 grand cheaper than a new one.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I see what you’re saying and at first I thought the same thing because tax, title and doc fee were in parentheses. It’s just that I’ve never seen plus 10% after a price before and thought this 10% was an additional fee.
In my state of PA the sales tax is 6% and if you live in the county I live in you have the privilege of paying an additional 1% sales tax (someone has to pay for the new baseball park and football stadium!!). So, with a sales tax of 7% and lets say $100 for title, plates etc. the doc fee is $500 assuming a $20,000 car. This $500 doc fee is very high compared to the $55 we pay in PA and the higher the cost of the car as long as you have this 10% fee the higher the doc fee becomes.
Unless they advertise a lower fee for a $40K car the doc fee would be a whopping $1100 (at the same 10% fee, which would include 7% sales tax and $100 title, plates etc.) which is a lot higher than anything I’ve heard of. It’s for this reason I said what I did. If the 10% fee is like you said and there is a good chance that you are right, this is a very creative way to advertise a car.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I've rented from Alamo on our last two trips (from airport locations), and have been really happy with the condition of the cars.
Given a choice, I picked the Fusion over the G6, though...
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Edmunds Moderator
I had the choice of about 30 intermediates... All freshly washed and ready to go (Saturday evening in PHX).
Corolla, Fusion, brand-new Sentras, G6, Caliber, Outback, Mustang...
One car at the Vegas airport??!!
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While we were loading up our G6, a second G6 was driven in. Ours was clean, but obviously vital maintenance like changing the oil and refilling the washer reservoir was neglected. Also, I found out the tires were underinflated -- great for legal 75 mph driving on the interstates. (I brought my tire gauge with me and aired up the tires the next day at a gas station.)
You are too much. I can just picture the discussion with airport security, as to why you find it necessary to cary a 5" tire gauge on-board.
2014 Malibu 2LT, 2015 Cruze 2LT,
I wouldn't even think of trying to carry on my 30+ year old tire gauge made of real metal (and with a pointy tip).
RE: security. On the way home, my wife inadvertently buried all of her tiny fluid containers in her carry-on bag. She couldn't find them at the airport, so I told her just to leave them in the bag and see what happens. Well you guessed it, they weren't detected by the X-ray machine.