Dealership just offered me a "deal"....
Evolved Member
iTrader: (17)
Joined: Sep 2006
Posts: 722
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From: U.S.A , Bulacan, Philippines
yeah if he owes 14k on car and they offer him 22k for it, then he has +8 then with a grand as dp he is +9. so if they did offer him the mr for 36k then he would get the mr for 27k!!! but i think u need to get them to drop it to 32 so then u would roll out of the dealer with a mr for only 23k!! fight for it.. it might take u leaving the dealership and coming back in two days or something.. once they see u are legit they'll lower it.. trust me.. thats what i had to do with my evo.. i went there three times till they lowered it for me!!!
No deal man....no deal. You're paying full MSRP or more for that vehicle with the first scenario.
Simple math...ask them what their price is going to be, and subtract the 8k from it for your trade, add in the TTL and that's what you'll be financing. If you do a down, subtract that from the original asking price as well.
Simple math...ask them what their price is going to be, and subtract the 8k from it for your trade, add in the TTL and that's what you'll be financing. If you do a down, subtract that from the original asking price as well.
Doh!
This post just proves why so many people get screwed when they go buy a new car. Ugghh, all this pathetic wimpy math and people still can't figure it out.
You need to negotiate the price for your car and the price for the new car separately. Go back and ask what price they will sell you the 9 for outright. I bet you it will be somewhere in the middle 30's. They are using the equity you have in your car to lower the the price for the new car.
No matter how you look at it, buying a new car is a bad investment.
OMFG, Sebastian you need to go back and learn how to do simple some mathematics! Every point you have made in this post is wrong or misunderstood. How do I know this. Because I can solve the following equation.
y = x^2*(dx/dy)
You need to negotiate the price for your car and the price for the new car separately. Go back and ask what price they will sell you the 9 for outright. I bet you it will be somewhere in the middle 30's. They are using the equity you have in your car to lower the the price for the new car.
No matter how you look at it, buying a new car is a bad investment.
OMFG, Sebastian you need to go back and learn how to do simple some mathematics! Every point you have made in this post is wrong or misunderstood. How do I know this. Because I can solve the following equation.
y = x^2*(dx/dy)
Last edited by mithrandir7533; Oct 26, 2007 at 08:46 PM.
Ok, I used to work at a dealership and this is how we worked it in OUR favor to get some money in these kinds of situations.
1. We gave the customer far more than his trade was worth (they'll just rework the numbers later in their used car inventory.. take some $ out of this car, put it in this car..)
2. Then as a customer, your like holy **** in your head.. that's quite a bit more than I was expecting.
Here's how you break it down..
They're saying they'll give you 22k for your car and you owe 14k. So.... here we go.
22k-14k=8k in positive equity.
1k for a Down payment, which brings your total to 9k for positive equity.
Now they are offering you 29k O.T.D. (includes.. tax, title, doc. fee.. etc.)
Now what you have to remember is that they are taking the taxes from the ORIGINAL SALE PRICE!! Not the final number, and the finance guy is putting it somewhere on the back end. So we'll take an estimate of $34,500 for the IX alone, take your 9k of positive equity and put it towards that number, and you come out with 25,500. Remember the taxes are coming from the ORIGINAL SALE PRICE, so at 8% you are looking at roughly 2800 in taxes alone, then add of the small documentation fee, title and other little things tacked on, and you come to your 29k O.T.D.
Now as other's have stated, they've already given you the price for your car.. and that's that.. work them on THEIR CAR.. because when their trying to bring in your car on trade they can inflate the #'s to make them look good in your favor.
Get the window sticker, look at the MSRP, and go down from their... it's really simple, they think they have you by the ***** and just waiting to crack.. but in reality you have them by the *****.. because you already know what their giving you for your car, and the 1k down.. now you have to find out what's in THEIR CAR.. and work them down.. DO NOT!! let them put more money in your trade.. work off their car alone.. it's just another tactic to get you on the back end.
1. We gave the customer far more than his trade was worth (they'll just rework the numbers later in their used car inventory.. take some $ out of this car, put it in this car..)
2. Then as a customer, your like holy **** in your head.. that's quite a bit more than I was expecting.
Here's how you break it down..
They're saying they'll give you 22k for your car and you owe 14k. So.... here we go.
22k-14k=8k in positive equity.
1k for a Down payment, which brings your total to 9k for positive equity.
Now they are offering you 29k O.T.D. (includes.. tax, title, doc. fee.. etc.)
Now what you have to remember is that they are taking the taxes from the ORIGINAL SALE PRICE!! Not the final number, and the finance guy is putting it somewhere on the back end. So we'll take an estimate of $34,500 for the IX alone, take your 9k of positive equity and put it towards that number, and you come out with 25,500. Remember the taxes are coming from the ORIGINAL SALE PRICE, so at 8% you are looking at roughly 2800 in taxes alone, then add of the small documentation fee, title and other little things tacked on, and you come to your 29k O.T.D.
Now as other's have stated, they've already given you the price for your car.. and that's that.. work them on THEIR CAR.. because when their trying to bring in your car on trade they can inflate the #'s to make them look good in your favor.
Get the window sticker, look at the MSRP, and go down from their... it's really simple, they think they have you by the ***** and just waiting to crack.. but in reality you have them by the *****.. because you already know what their giving you for your car, and the 1k down.. now you have to find out what's in THEIR CAR.. and work them down.. DO NOT!! let them put more money in your trade.. work off their car alone.. it's just another tactic to get you on the back end.
That thing better be something special man, My 2006 graphite grey MR with on mile on her was 35,600 out the door, done deal.
Ok, I used to work at a dealership and this is how we worked it in OUR favor to get some money in these kinds of situations.
1. We gave the customer far more than his trade was worth (they'll just rework the numbers later in their used car inventory.. take some $ out of this car, put it in this car..)
2. Then as a customer, your like holy **** in your head.. that's quite a bit more than I was expecting.
Here's how you break it down..
They're saying they'll give you 22k for your car and you owe 14k. So.... here we go.
22k-14k=8k in positive equity.
1k for a Down payment, which brings your total to 9k for positive equity.
Now they are offering you 29k O.T.D. (includes.. tax, title, doc. fee.. etc.)
Now what you have to remember is that they are taking the taxes from the ORIGINAL SALE PRICE!! Not the final number, and the finance guy is putting it somewhere on the back end. So we'll take an estimate of $34,500 for the IX alone, take your 9k of positive equity and put it towards that number, and you come out with 25,500. Remember the taxes are coming from the ORIGINAL SALE PRICE, so at 8% you are looking at roughly 2800 in taxes alone, then add of the small documentation fee, title and other little things tacked on, and you come to your 29k O.T.D.
Now as other's have stated, they've already given you the price for your car.. and that's that.. work them on THEIR CAR.. because when their trying to bring in your car on trade they can inflate the #'s to make them look good in your favor.
Get the window sticker, look at the MSRP, and go down from their... it's really simple, they think they have you by the ***** and just waiting to crack.. but in reality you have them by the *****.. because you already know what their giving you for your car, and the 1k down.. now you have to find out what's in THEIR CAR.. and work them down.. DO NOT!! let them put more money in your trade.. work off their car alone.. it's just another tactic to get you on the back end.
1. We gave the customer far more than his trade was worth (they'll just rework the numbers later in their used car inventory.. take some $ out of this car, put it in this car..)
2. Then as a customer, your like holy **** in your head.. that's quite a bit more than I was expecting.
Here's how you break it down..
They're saying they'll give you 22k for your car and you owe 14k. So.... here we go.
22k-14k=8k in positive equity.
1k for a Down payment, which brings your total to 9k for positive equity.
Now they are offering you 29k O.T.D. (includes.. tax, title, doc. fee.. etc.)
Now what you have to remember is that they are taking the taxes from the ORIGINAL SALE PRICE!! Not the final number, and the finance guy is putting it somewhere on the back end. So we'll take an estimate of $34,500 for the IX alone, take your 9k of positive equity and put it towards that number, and you come out with 25,500. Remember the taxes are coming from the ORIGINAL SALE PRICE, so at 8% you are looking at roughly 2800 in taxes alone, then add of the small documentation fee, title and other little things tacked on, and you come to your 29k O.T.D.
Now as other's have stated, they've already given you the price for your car.. and that's that.. work them on THEIR CAR.. because when their trying to bring in your car on trade they can inflate the #'s to make them look good in your favor.
Get the window sticker, look at the MSRP, and go down from their... it's really simple, they think they have you by the ***** and just waiting to crack.. but in reality you have them by the *****.. because you already know what their giving you for your car, and the 1k down.. now you have to find out what's in THEIR CAR.. and work them down.. DO NOT!! let them put more money in your trade.. work off their car alone.. it's just another tactic to get you on the back end.
Evolving Member
Joined: Sep 2007
Posts: 150
Likes: 0
From: Anchorage
Doesn't sound like a very good deal.
Paitence is the key when going to a dealer and negotiating. They are selling you the car for 38k.
The fella that mentioned keeping the two deals separate was correct. They will roll #'s around to cover whatever costs they need to cover.
You can find some MR's for cheaper than 38k.
Paitence is the key when going to a dealer and negotiating. They are selling you the car for 38k.
The fella that mentioned keeping the two deals separate was correct. They will roll #'s around to cover whatever costs they need to cover.
You can find some MR's for cheaper than 38k.
Haha, well for an update on this: The dealership ended up selling the IX for 37k.....
Thats crazy! Either someone had way too much money to blow or is gonna be in debt for a long time!
Thats crazy! Either someone had way too much money to blow or is gonna be in debt for a long time!
