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.
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one will ever give you *Wholesale* for your trade.
This is just not done, unless the car is very special...When your trade-in is appraised a couple
of things happen...The first is a look at *Karpower* the Kelley CD for the current 2 months,
March/April, etc. Next someone will drive the car..it starts, turns left, turns right...well you get the idea...No one really knows until the
Trade-In goes through the very basic Smog & Safety
does anyone get the 411 on the car...Problems that
the previous owner may have been genuinely unaware of...and so it goes...
The other very important thing to bear in mind is
the fact that the Used Car Market today is suffering... big time. Since 9/11. 0 Down, big Rebates, 0% financing, have created a very rough
environment for previously owned vehicles.
Most Dealers will look at any trade from this point of view...
Best advice...If your car is not an integral part
of this transaction; sell it yourself...you will
receive the better return...
But, If the port prep fee ($25), floor plan interest ($92), and the regional advertising fee (that varies depending on your area) are costs that VWOA dealerships must recover and are not negotionable, then why doesn't VWOA just list this information right under the destination charge? VWOA could even list each regional market and its corresponding ad fee in A-Z order if there aren't too many, i.e, Northeast Regional Ad - $345, Southeast Regional Ad - $150. (Listing regional markets on the MSRP would compensate for dealers who need to ship cars outside of their regional marketing areas.) Surely, the word must be going back to VWOA that these charges are confusing their customers and causing them a less than satisfactory sales experience not to mention the amount of time dealers must spend explaining the charges. Since the port prep fee, the floor plan interest reserve fee, and the regional ad fee must be paid by every dealer on every car in every state, then the simple solution would be to list them on the MSRP just like the destination charge.
I did read Edmund's small print on the regional ad fee. So that I could budget the amount I would need for my area (according to the posts here some dealers charge this and some don't), I called VWOA Customer Care Center to get the fee for my region. (I didn't mind that Edmund's didn't list the fee. I was just glad that they gave me a heads up about it. I've got enough where-with-all to take it upon myself to take it to the next level.) So, I went right to the source and called VWOA and asked them myself. I assumed they could punch in my zip code and tell me the fee for my area. I called. The rep didn't know the answer but placed me on hold while he checked. He returned and stated that VWOA doesn't charge a regional ad fee. He then asked for the dealer who wanted to charge the fee. I explained that I didn't have a dealer yet, I just wanted to know the fee for my area so that I could account for it in my budget. I thanked the rep and hung up the phone. I didn't go ballistics. I thought either I didn't explain it well or it's not a direct charge from VWOA but some other type of charge. I plan on calling VWOA again.
And no, I don't have a problem paying mandatory fees. I just want to be prepared for them.
This is why these fees are not seen on MSRP stickers. The stickers come from the manufacturer but the ad fees are levied by whatever regional association the car ends up in.
just as you have described...If you would care to see examples of several invoices, get me a fax number, and I would be happy to send them out to you...
Off topic question: Any info on the release date of the New Beetle convertible?
item omissions many, many times here, but to no
avail...
New Beetle Cabrio productiom is scheduled to commence in August...
Trade - 12315
private - 13924
Dealer - 15590
Certified - 16590
Any suggestions.
I am still trying to figure out if i'm going to trade my current vehicle ('90 Volvo 740) in or sell it myself.
Thanks,
Peeter
Any comments on whether that's a good deal? Only problem is they say they can't find a manual trans in California, so I will probably have to renegotiate for an automatic (I would really prefer the manual, though).
available in California...
It seems like $25K OTD is a pretty reasonable price for the fully loaded GLS wagon, since even just taking out the sales tax puts it back to $23,310.
for $739 over Invoice...What is TMV on this car???
This sounds Fair to me...I would not sell it for
$239.00 ovwer Invoice...It ain't a Neon...Oh that would be $239.00 Below Invoice...:)
Its basically a doc fee charged by the dealer. in FL they get out of hand... $500 is highish, but not at all surprising.
They tend to be highest in South FL. Here in Orlando, $300ish seems to be the norm. It is, however, illegal for the dealer to waive the fee (If the DMV does a spot-check and finds that you waived it for one person, they will require you to pay a fine AND refund that amount to everyone you charged it to!)
That being said, that is an agressive deal overall in FL. Although, depending on where you are, the places to deal with seem to be:
Gunther in Ft Lauderdale (If youre in South FL) and Royal if you're in Central FL.
If nothing else, those are the places in South and Central FL to go for service. Also, be cautious with color down here... Dark colors (ESPECIALLY with dark interiors) can get slammed at trade-in time and be tough to re-sell.
Good Luck!
Bill
Thanks,
Scott
The TMV on this car is $23,870. I think you are correct about the deal ... it is not as bad as I first thought. Maybe I will shake the dealers hand afterall, but it helps to know that I am not getting duped unnecessarily .. you know?
Bill,
Thanks for your input about the 'dealer fees' and the color combination. However, I dont plan to sell the car for at least the next 5 yrs ... besides, a silver exterior and black leather has always been my dream combination, so I wont compromise on it, especially if I am paying big moolah for it
Take care all,
sands
Very snooty if you ask me - joe consumer.
Totally bad example but the Ford Explorer option to go from V6 to V8 is only $800
The 330i is at this new Vdub pricepoint and no amount of hp makes the Vdub come even close to the total BMW package. Sorry, almost 40K for a VW??? Uh Uh
I'm very disappointed. I so wanted that car. $33 was my company lease cap.
Corey
can see your entire credit history...
"If available, the Internet price for a 2002 VW Passat GLS 1.8T Automatic, will be $23,180.14 plus fees (Locate, Doc., Tax, Title, Plate).
If available, the Internet price for a 2002 VW Passat GLS 1.8T Automatic, will be $22,577.36 plus fees (Locate, Doc., Tax, Title, Plate).
"
These are a little high compared to edmunds TMV and Invoice pricing.
I am seriously considering the demo, but have no idea what to reasonably offer the dealer for a price out the door for a slightly used car(below TMV?, below invoice?).
Also looking advice on what to offer for a new passat with similar configuration based on his "Internet quote"
Thanks guys!
Tim
He tried offering me the 1.8T AT with cloth and Luxury package for MSRP 25,730 + $211 Fees + $1867 taxes. ~$28,000
He then said he'd "try to get me a V6 off the lot" for something similar.
What should I pay for the V6...before state tax and fees?
I just went to a VW dealership last night...pls shed some insight on how they calcuoate the ACTUAL amount of financing...these are the numbers/figures I have and the procedure a salesman from another dealership explained...
2002 VW auto Passat GLX
PRICE OF VW CAR: $ 28,500
TEXAS Sales TAX: 6.25%
TRADE IN VALUE: $7,500 (??? Another dealership gave $8500 on it, NOTE: 2000 NISSAN GXE W/ONLY 13000MI)
DOWNPAYMENT: $0
PAYOFF AMOUNT FOR NISSAN: $10,500
TTL FEES: $ 1,800 (more or less)
OTHER DEALER FEES + EXT. WARRANTY: $2000
This is how the salesman at another dealership explained how it's calculated...i hope you'll follow...and let me know if this is correct.
a. Take price of car and deduct trade in value:
28500 - 7500 = 21000
b. Take that difference and calculate sales tax:
21000 + (21000 X .0625) = 22312...i'll just this round off to 23000 (plus title & license fee)
NOTE: 23000 total now, after TTL added!
c. Take the DIFFERENCE of your Trade in and Pay off...? This is where it gets confusing!!!
10500 pay off - 7500 trade in value = 3000 difference (negative equity?)
d. From here do i add -3000 or +3000 to 23000 taxed price. From what it looks like it should be like.
3000 + 23000 = 26000
e. 26000 + 2000 (any other dealer fees warranty) = 28000...
AMOUNT TO BE FINANCED AT 6% APR/60 mo = $28000
MONTHLY PAYMENTS: 542
Is this correct?????? Let me know what's wrong. Thank you!
Even if i plugged in the values on edmunds.com calc...i am not sure if the value of trade in and pay off amount is considered on that...
Also, I don't know VW's programs, but $2000 in extra fees and warranties sounds excessive. Warranty prices, like anything else, are negotiable.
$24,866 delivered (excluding T,T,L)but including the doc fees. 2nd offer was same w/out leather was
offered $23,250??
Can anyone confirm the dealer $$ and if so how much... They're not even adding any "advertising"
$$ to this??
just last month, the best prix received here was
$500 over edmunds invoice.
both still offered the low % financing as well..
Programs start 1st of the month, typically...
Capitalism über alles or Farfignuggen.
INKY
as the 1st payment toward the purchase/lease of
your new VW with Volkswagen Credit...any balance
goes toward 2nd payment...Offer ends July 1st!!!!
Thanks for your well informed info.
INKY
you will need to take the Registration from your
current VW to the Dealership. There they can Xerox it and Fax it to Program HQ.
Remember, you NEED NOT trade in your VW, and the
*coupon* ONLY applies to a New VCI Lease/Purcahse.
If you have a problem; let me know...;)