Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options
Edmunds Members - Cars and Conversations (Archived)
This discussion has been closed.
Comments
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Hope for the best, but plan for the worst ... if they swap the wheels / tires from the car you drive today, but you still get the vibration, then the problem would be with the suspension on your car.
Edmunds Price Checker
Edmunds Lease Calculator
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
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
This was a lot of years ago. Newly divorced. Was buying some cars I always wanted, which the former spouse would never approve of....mostly, ones which were only worth driving on dry streets. They were used....very used. I had a 300ZX Turbo, a brief flirtation with a Porsche 944, and some other less interesting iron. I was in and out of those cars fairly quickly. But, given they either weren't capable of being daily drivers, or I lost interest in them when the repairs were more than I expected, I needed something reliable which I could count on every day.
Those of you who keep up on automotive genealogy, The Pontiac Vibe was identical to the Toyota Matrix. It was a Toyota design, assembled by Toyota/GM in Freemont CA (now Tesla), the same place they screwed together the identical Toyota Corrola and Chevy Nova clones. Pontiac added a thinly disguised interior, a grill, and at the time, their infamous body cladding.
I'm trying to remember. I think it stickered for somewhere around $17K, give or take, and that was fairly loaded up....A/C. Power everything, Sunroof (part of the sun and sound package where they charged for a sunroof and an allegedly upgraded stereo)., etc. I want to say I paid around $14K and change....maybe $15K, first time making my "one offer" deal. As mentioned, I was turned down by one dealer, the 2nd one took the deal, though.
Great vehicle.....good MPG. slow as a snail, noisy as hell on the highway, but rock solid in all types of weather. Several months after the divorce, I wandered back into the dating scene. Just a wee bit embarrassed to pick her up in the VIBE, but none of my other cars were running.
Took it to Chicago from Cincinnati in a snow storm. It came through with flying colors. Trying to do 70 MPH all the way made my ears ring for a few hours it was so loud, but it made it without incident.
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Come to find out, he let it slip he bought a clone of the Mitsubishi 3000, but it wasn't the hot turbo model, nor the AWD model, and instead of being the a Mitsubishi, it was a Dodge clone, that needed a ton of work, that he way overpaid for. There was a Nissan sales person who took a lot of grief from this guy, who gave it back to him unmercilessly. Fun times!!!!!
driver...I was a little too agressive in my dealings with making a one price offer at first. I think I probably came in too low a couple of times worried about the same thing you were worried about..."what if I leave some money on the table?". So, I would hit up 4-5 dealerships, only to walk out without a deal, realizing I didn't leave any meat on the bone for them. I realized that leaving a little something there for the dealers to chalk up a unit sold, and a skinny deal for me, everyone's happy. Besides, whatever I might have, may have, maybe not have, left on the table, I more than made up for it by not wasting gas trying to secure a deal....sometimes a couple of hours away.
Exceptions to that rule.....none of the Audi dealers in Cincinnati seemed willing to do a skinny deal. Had to go to Chicago to do that. But, the delta between the local dealers and the Chicago dealers wasn't a hundred or two, it was thousands. So, I was willing to make that trip.
Now, it's old hat. I have a really good idea what I can buy a car for, and if the dealer is willing to get skinny without the "bump and grind". First bump attempt, I leave. Works for me. May not work for all.
I see some foiks in the "prices paid" thread who will email a ton of dealers, and get frustrated when they end up at the dealer and find extra charges, or other fees added to wha they thought was the best deal they could get. Or, the people who will drive hours to get the best deal, only to hear..."oh, we sold the unit you were interested in, but we have this one over here that's just 'slightly' more money".
I always set up and appointment and keep it when I'm going to a dealer, too. I'm a professional. I expect them to be also.
The rest is just common sense.
I think it's safe to say we all know you wouldn't spam. We have a pretty good idea of each other.
I'm really beginning to worry about Mike.
Yeah, and we haven't heard from Richard in a c**n's age (no capitalization, therefore no political content -- hah, guess again - it was edited the first time) either. I really miss hearing from Richard.
Isell got picked on, I think, because of some links to cars he found for that guy with the wrecked Camry that the system didn't like. That should be fixed "permanently" (famous last words...).
@graphicguy, I came close to buying a used Matrix one time (it was black so I kept looking) and a new Vibe (it was so base it had crank windows that I couldn't deal with). The Matrix was a hoot on the test drive - wound up in one with an exceptionally nice shifter.
I did a lot of shopping 9 months ago and dealt with six or eight salespeople. And a few by email. The Kia guy in "Northern" Michigan (i.e., below the bridge) that I only corresponded with was terrific - his counterpart here in Las Cruces was awful and apparently the store's reputation is just like the email encounter I had. The meatspace salespeople, mostly in Madison WI, were all good. One was too green to be helpful, and one Subaru guy who mostly handled the used cars was a bit old school, but the rest were really upfront with the numbers. Word is mostly getting around, and buyers are getting better educated all the time too.
Then there's the various temperatures which give various colors of output: warm white, soft white, daylight, and some others I've forgotten. The 3 majors here (Lowes, Home Depot, and Menards) each market them differently on their shelves. Then there are the various configurations of how the light is emitted as far as the directions of coverage.
It's like trying to compare automobiles with options when shopping. Or like comparing computer capabilities between various motherboards and CPUs without being able to reference the hardware analysis pages available on the net.
I need a bulb that hands upside down (base above the glass) in a kitchen pendant fixture that's frosted glass with a bulb that puts out much of it's light upward so it bounces off the white ceiling and gives softer illumination. Most LEDs are somewhat directional and emit upward from their base. LEDs are large (100 watt equivalent needed) and the bulb would hang out below the skirt of the glass of the pendant. Wife doesn't like appearance of curly fluorescents--it ruins the country ambiance of the hanging light.
Fixture somewhat like this:
LED bulb about double size of incandescent
2014 Malibu 2LT, 2015 Cruze 2LT,
'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 hope his work level will lighten and he'll have time to post occasionally.
2014 Malibu 2LT, 2015 Cruze 2LT,
Richard popped in recently to say hi. Busy guy. Loves his truck.
I'm also worried that something happened to mike. Some local should run over and check on him (only half kidding)
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Hope they get the tires sorted out....then you can really enjoy your new car.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
His profile says he was active at 8:52 this morning. Maybe he's just mad at us.
2017 Cadillac ATS Performance Premium 3.6
Sandy, can't wait for the latest update in your saga. I am still sorry sometimes I didn't just go with a Golf instead. Even if the wife thought it was too small! Next time, maybe I go small. Or more likely, the wife decides she wants the new car, I inherit the RDX, and if there is any $$ left, I finally get a toy!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I'm already thinking about what to do when the lease on the E-GT is up in November 2016. If I'm still doing pizza duty, I'd like to get a cheap beater with AWD (Subaru, Suzuki SX4, Vibe/Matrix AWD). Pay cash and keep it running for as long as I need it.
Then, decide on something fun - GTI, perhaps.
I dunno - too many things can (and will) happen between now and then. Wife is (finally!) looking at job postings in warmer climates. One in Atlanta, another in Santa Fe, NM (though that isn't much better than what we have now).
Edmunds Price Checker
Edmunds Lease Calculator
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
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Say how are you liking your new Mustang? The one I drove seemed almost too quiet for a GT. I was wondering if I would have to install custom mufflers to get the proper sound.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
in any case, glad it worked out. now enjoy your car.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2013 LX 570 2016 LS 460
During my Escape search, I filtered on 4WD/AWD, but you never know.
I just assumed it was AWD. It felt like it when I drove it. I'll have to check the paperwork when I drive it tomorrow.
Did miss that it did not have a reverse camera or sensors, so I could have missed other things.
It did drive like an AWD vehicle, so I'm pretty sure I'm ok.
I know it is a local car, because when I went to the FM stations, I didn't have to change any of them.
Got some contract paperwork from my credit union. They have the contract rate as 2.44%, but my dealer paperwork lists 2.24%. The payment works out @2.24%.
The dealer also owes me some money because they wrote up the contract for new plates, but I transfered them from the Explorer. Instead of rewriting everything, they said the will cut me a check. I'll trust them for that.
Going in, I figured if they dropped the price of the Escape 1000 and gave me 1500 for my Explorer, I do the deal.
Their asking price was up to 1900 less than the same vehicles for sale at the other dealers I was going to look at.
Negotiations went like this:
We'll take a thousand off the Escape and give you fifteen hundred for your Explorer.
Told the salesman, 'Those are my numbers, we have a deal'.
If the buyer says, I have done my homework, and I know what my trade is worth, and I know what the new car is worth, and I am willing to pay that amount. If you want to sell me a car, I want you (the salesperson) to give me a price that is right on my number, if you miss then I will walk out.
What would happen? At least you might just get a lower price then you calculated. You have nothing to lose doing it this way.
I did a variation on it. I knew the value of my trade in and they came up with the exact figure I calculated. I thought about trying for more, but, decided they seem pretty honest so far, why ruin a good thing. Then he gave me the full MSRP for the new car. I said bmw and Audi gave me 4% off and I will do the deal if you match that. The salesman did hesitate, but, I think he realized I wasn't fooling around and I knew what I was doing.
I am sloppy at figures though, so I could miscalculate. That's why I would rather hear their number first.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2025 Forester Limited, 2024 Subaru Legacy Sport
When we traded in my wifes 2008 335 the bmw dealer would only give us $20k for her trade in, and I expected $24k. So, we left. I went to the Audi dealer, the manager took it for a spin, said he would give us $24k for it, right up front. Now that's the kind of guy I like to deal with.
He told me the price of the A4, which was a shock because it was $11k less than a 328. I had to hide my shock, we were going to get a car we liked better for $11k less. Then I said bmw was going to give me 4% off so if you match that we have a deal. He said he thought that would work and it did. It was all very civilized, and if I had guessed at the price of the Audi I thought it would be much closer to the 328.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I personally don't feel I need to do any more negotiation given the amount of research I do upfront on the cars I buy, and the deals I'm willing to make. I enjoy it, but it takes hours to do the research. Last thing I want is to spin my wheels at the dealership playing the bump and grind for an hour or more.
I mentioned a grinder Cadillac store in previous posts (the dealer who thinks red wheels will see their wares). There's another high end dealer that I was surprised to play the high pressure game.
This was when I was helping my sister buy her Benz. Maybe it was the sales person we had, but he was all about how "hot" his cars were, how well they were selling, better buy today or the car you want may be gone. Funny, because we were looking at the C Class, and looking out the huge front glass windows, we could see probably 30 new C Class of every color parked in his lot. Didn't look scarce to us.
He then asked what we wanted our payment to be (didn't even want to know if we were leasing or buying...just what payment we wanted). My sister didn't even bother to tell him she was a cash buyer. She knew she wasn't buying anything from him.
Funny thing is, the same owner has another Benz dealer about 10 miles from where we were originally. The shopping experience couldn't have been more different. The other dealer was helpful, willing to find out what my sister wanted, brought us refreshments, etc.
Then, there was the new Benz dealer about 30 miles away, in KY, no less. They are the upstarts, willing to beat any deal from all comers.
Knowing these types of things, about dealers, helps me make my one offer. For example, if I'm ever in the market for an Audi again (doubtful, but you never know), I know I can't make a skinny deal at either of the closest Audi dealers near me. So, I won't bother even trying.
I don't mind throwing out the first and only offer....matter of fact, I prefer it that way. We get right to the chase that way. I've never been positively surprised by any deal a dealer threw at me first.....NEVER! It's always been quite the opposite. I'm always underwhelmed by the dealers' offers.
It doesn't work for everyone, but I've never been disappointed by any deal I made making the one offer.
Farmer...."Car Hot Pants"? LOL!
As an aside, trade ins are a whole layer of uncertainty with any trade. There used to be a guy here who either owned his own dealership (used, I think) and would take an inordinate amount of time posting what ended up being very accurate trade values to anyone who asked. Shame he's no longer around, but he was really, really good. I depended on him for a couple of used car quotes.
Now, I look in the newspaper, on ebay, at the local lots, NADA, Kelly, call my bank to get Black Book evaluations, to get a trade value. It's a little black magic, depending on the dealership (likely a Mercedes Dealer can put a Mustang on his lot and expect a quick sale), and the time of year, but I can get relatively close to a trade value both the dealer and I can live with.
Edmunds Price Checker
Edmunds Lease Calculator
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
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
'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 old bmw dealer is in the same area. They have a different strategy, they think these people don't mind paying more for the convenience of buying close to home. We make 2 or 3X the profit on each car, but we make a good profit. Plus, their service department is the best around, and that's where the real money is.
It is a fact, not only do you need to be well armed before entering the arena, you need to know what kind of dealer you are facing.
My MB dealer was the hardnosed high profit no negotiating type of dealer. Now, with new owners they have become the friendlier straight forward lets make a deal kind of dealership.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
As for my profile showing I was "active" earlier this morning, I don't see how that could be. I haven't logged on in quite a while.
Thanks for worrying about my absence from the site. Couldn't help it.
2024 Genesis G90 Super-Charger
Glad to hear you are back....we were worried. We had a pool going as to what kind of car you were looking at.
Hope you get better fast.
btw...".Mike isn't mad at anyone.", I get concerned when I see people talking about themselves in the 3rd person.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
A friend of his suggested he put the $4500 from the insurance money down on the lease and his payments would be about $100 a month.
Because of the things you guys said I advised him against doing that. The main reason is that if the car is stolen or totalled he could lose all or a portion of that money. The other thing is it would be difficult to write off that amount against his business expenses for tax purposes.
He agreed and stayed with the $0 down.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Oh, and the last login stuff from Mike - I saw that too. Wonder if it's related to the computer waking up or an automatic Windows update loading or something. Lots of us never log off here so something resetting on your own device could update your Last Active time. Dunno, but the software is working so much better than the last stuff, we hate to tweak too much and break something.
Not for nothin, but I disagree with the whole "don't put anything down or you lose that money" because it makes no sense to think that way for a lease but not a purchase. You put down as much as you can on a purchase, right? Well, the same depreciation rules apply, yet, for some reason, nobody thinks about that. I dunno. I seem to be alone on that viewpoint.
'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
As for my profile showing I was "active" earlier this morning, I don't see how that could be. I haven't logged on in quite a while.
Thanks for worrying about my absence from the site. Couldn't help it.
Glad to have you back. Take it easy and get well soon!
I've gone to a couple of dealerships where they give me a higher price than my research would indicate so I thank them and get up. They ask me to wait while they go talk to their manager to get a better price. I say no. They had one shot.
I like to put my offer on paper, with line items for Taxes, tags, title transfer. That way, there's no wiggle room once the offer is accepted. Some try to come back with "you forgot to include the required doc fee". No....no, I didn't. If they want to include it as a part of their paperwork, go ahead. My offer doesn't change.
He is paying $290 a month for 48 months, with a $9000 residual. There is not much negotiating power on Hondas in Canada, maybe a few free oil changes or floor mats. Most cars cost 20% more in Canada and that was when the dollars were at par, our Cdn dollar sunk rapidly with the decrease in the price of oil. It is now at 84 cents to a US $1.
My friend and I like to owe as little as possible and to make payments more manageable, so putting a dp on a lease sounds good in theory, but because you could lose if the car is totalled or stolen, and because of tax deductions, it doesn't make sense to go that route....unless you are a gambler and lose all your dp money.
BTW....my wife said, Isn't it great, we are saving $50 a week since gas is $2 a gallon.
I said great, my stocks are down about $25000.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
talking to a broker today. He was really into pushing the oil shares now, saying they're going to head upwards. As I explained to him, my theory for the last few years that oil supplies have risen while demand has either plateued or fallen. Any price increases will be temporary and short lived. There just aren't any good fundamentals supporting higher oil prices.
Layoffs will happen (as they should given the bloated state of most oil companies these days). They'll have to get lean in order to see this new reality of declining demand.
My Dad goes on the computer a couple of times a day - that could be the reason. Also, I stay logged in to Edmunds on my desktop as well as my iPhone all the time, however every week or so I have to re-log in because I believe Edmunds's software boots me. It happens a couple of times a month. Remember, my cell phone is on from early in the morning until around midnight.
2024 Genesis G90 Super-Charger
I say just keep using the imported oil and save ours for when we need it for our military when we have been cut off from the world supply. Didn't we shut down oil wells in the 70s or 80s and lots of people who had moved to Tx area came back to the midwest looking for jobs?
2014 Malibu 2LT, 2015 Cruze 2LT,
Ran across this a little while ago:
"There is an old saying that goes something like this: When negotiating, the person who speaks first loses. This simply means that if you are the first one to name a price, the other party might have been ready to name an even lower price — but you'll never know that."
Negotiating Car Prices
The last good good source that I looked at said oil will probably go down more, and it won't reach $100 a barrel for at least a decade.
I wonder what the people who bought hybrids and electric cars are thinking. Remember all the warnings that we were using up all of our natural resources and there wouldn't be enough to last for the next few years.
Nothing is as bad as it seems and nothing is ever as good as it seems. And, it seems everything eventually crashes and comes down to reality, whether it is gold, oil, or tulip bulbs.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250