Good or Not so Good Deal? Opinions?
08-07-2009 | 02:36 PM
#1
Thread Starter
Instructor
Joined: Apr 2007
Posts: 230
Likes: 0
Good or Not so Good Deal? Opinions?
Ok, I was finally brave enough to get some numbers on a TL
Here's what I got:
I have a 2007 TL Base, 24000 miles, Good condition, just dirty!!!
Payoff is 23000
They offered me 22000 for the car (i'm sure they've added money to the car somewhere in the deal).
The deal is on a TL Base, Black with Black interior:
Trade my car, $3000 down, 425-430 per month, 36 months, 10000 miles per year.
This is on a 2009 TL.
Am I getting Screwed?
Here's what I got:
I have a 2007 TL Base, 24000 miles, Good condition, just dirty!!!
Payoff is 23000
They offered me 22000 for the car (i'm sure they've added money to the car somewhere in the deal).
The deal is on a TL Base, Black with Black interior:
Trade my car, $3000 down, 425-430 per month, 36 months, 10000 miles per year.
This is on a 2009 TL.
Am I getting Screwed?
08-07-2009 | 02:49 PM
#2
Go Big Blue!
Joined: Mar 2007
Posts: 2,700
Likes: 5
From: Orlando, FLA
Need more info Crissy if you want us to analyze it with you. Here are some questions. If you don't know the answers then you should get them before signing anything. These are important numbers to know.
1) What is the MSRP on the car
2) What is the Adjusted Gross Cap Cost
3) What's the Money Factor?
4) What's the Residual for the car after 3 years
5) What's the inception fees (Acquisition, Dealer Fee, etc.)
6) Are you adding any accessories? They don't residualize and are a negative drag on the deal.
Some of these numbers can be derived from the others with math. But it's good to have them give all the numbers to see if they sync up.
Post those numbers. Also, why are you putting $3000 down? Are they demanding it? I'd put nothing down except the cost for startup fees and possibly cost of any accessories you add.
1) What is the MSRP on the car
2) What is the Adjusted Gross Cap Cost
3) What's the Money Factor?
4) What's the Residual for the car after 3 years
5) What's the inception fees (Acquisition, Dealer Fee, etc.)
6) Are you adding any accessories? They don't residualize and are a negative drag on the deal.
Some of these numbers can be derived from the others with math. But it's good to have them give all the numbers to see if they sync up.
Post those numbers. Also, why are you putting $3000 down? Are they demanding it? I'd put nothing down except the cost for startup fees and possibly cost of any accessories you add.
08-07-2009 | 05:06 PM
#3
Drifting
Joined: Dec 2003
Posts: 2,049
Likes: 96
Yes, run from this dealer. Your trade in is spot on but it seems they are only giving you $1k off sticker. You should be paying their price with no money down. You could probably even get a tech for that much instead. Shop price first, you should pay at most $32k-$33k even, then talk about the trade.
08-07-2009 | 07:53 PM
#4
Go Big Blue!
Joined: Mar 2007
Posts: 2,700
Likes: 5
From: Orlando, FLA
Don't run away, negotiate. You probably didn't make a first offer to them so they started by making one for you. Of course it will be bad that's to be expected. Now you have to reject it and make a counter offer. If you want some help in making that offer we need some more info.
By the way, tell us what your local sales tax is. That's important to know also
By the way, tell us what your local sales tax is. That's important to know also
08-12-2009 | 07:15 PM
#5
Advanced
Joined: Jul 2008
Posts: 79
Likes: 0
From: NC
well ur car is in line. i am not sure about the pricing for thee fwd car..
what state are u in 430.00 for an acura is not bad. is ur credit bad. and i think u
can get it for 410.00 are u going thru american honda finace
what state are u in 430.00 for an acura is not bad. is ur credit bad. and i think u
can get it for 410.00 are u going thru american honda finace
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