Buying new truck

[tripp]

As far as discounts off of stick goes, there has never been a better time to buy a new vehicle. If you are lucky enough to get one with the special interest rates and a nice cash incentive it could be a good deal.

However they are all overpriced in my opinion. The depriciation is staggering for the first year.

For the first time in my 15 years of selling trucks the market is soft on 4x4 extended cab chevy/gmc trucks. They have always been like gold to have and easy to sell. Now there are a lot of them on the market a year old and not many miles. Some are lease or repos. Some are trades from people taking advantage of the special deals going on.
Just something to consider.

 

[Eric]

Well, I let the vultures (car salesmen) loose today!

Looked at an '05 Ford F-150 today. Everything was really nice, except the gas mileage. Payments were going to be around ~$475/mo for 60 mos. With $3000 trade-in and $1500 DP. :dunno:

I'm going to keep looking around.

 

[Eric]

Hmm, I looked online at the vehicle (you can search by VIN) I looked at today on the Ford site and the price after their 'family plan' and '2500 cash back' is ~$22k. I think they were trying to fuck me over.

 

[GuyMcBeerdrinker]

e,

go/call dub miller ford. I think they are offering everyone a-plan pricing until aug. 30th. if I'm not mistaken a-plan is better than x-plan by 4%, or vice versa. if you want a specific salesman's name let me know and I'll get it for you.

 

[Eric]

NVM my last post...

I figured it out: That means they want like 8.7% interest

$23,000 @ 8.7% @ 5 years is $27,500

 

[Wasch_24]

8.7%

Pass on that nonsense! That's how they are making their money back from these "sales".

 

[tripp]

Well, I let the vultures (car salesmen) loose today!

Looked at an '05 Ford F-150 today. Everything was really nice, except the gas mileage. Payments were going to be around ~$475/mo for 60 mos. With $3000 trade-in and $1500 DP. :dunno:

I'm going to keep looking around.

Man we love it when people call us vultures. :clap: :clap: :clap: :clap:

 

[Eric]

8.7%

Pass on that nonsense! That's how they are making their money back from these "sales".

Actually, I thought about it some more and it's even higher. 23k selling price -3000 tradein -1500 is 18500. Payments of 475 is 28500. 10k in interest... like 18.5%

 

[tripp]

The Ford.com webite has lots of information to keep the vultures in check.
It used to be, people had to go to a couple of dealerships to see if they were getting a deal.
if 2 or more lots came up with a similar low number people thought they were getting a dood deal. Now all the information is at you keypad ready for you.

If there is no low apr financing available, then check with your bank to see what they offer you.
Also check State Farm insurance agencys, they offer some great loans around here and you do not have to have insurance with them to qualify.
The better your credit, the better the interest rate.

 

[Bman]

I'm a Chevy man myself....good trucks and great ride...I've had a bunch of them and I've retired them all as hand me downs within my company...all over 200K miles....but you can get a bad one in anything you buy...I've been lucky to get a bunch of good ones....my only tip....buy what you like, because there are a lot of good trucks on the market these days

 

[smokem94]

I would go with a Ford F-150 and do it now to take advantage of the employee pricing.

 

[Eric]

Love them vultures :wink:

Got it down to $421/mo,
Got id down to under $400/mo,
Then I asked for $400/mo (or less) with $2k down and no trade-in. They almost bit but they want me to come back in to the dealership. :rollseyes:
I'm not quite through hardballing :smile:

 

[allanf]

How many dealers have you gone too?

 

[Poni]

have you checked carsdirect.com yet?

 

[GuyMcBeerdrinker]

call dub miller ford and ask for tom mickle. he's supposed to be their no-hassle guy. let me know how it goes.

 

[Eric]

call dub miller ford and ask for tom mickle. he's supposed to be their no-hassle guy. let me know how it goes.

I looked them up and they're in Rosenberg! :squinteye

 

[GuyMcBeerdrinker]

rosenberg isn't that far to drive for a good deal. that dealership was recommended to me as the best in the greater houston area by the vice president/director/whatever of ford motor credit in this area.

 

[Eric]

I have a "thin-file" credit report and the best they gave me was 9.9% on 60, 66, and 72 months. I've been plugging in numbers (trade-in or not, downpayment or not) and trying to find the sweet spot. Might just take a look at a Dodge or something...

 

[smokem94]

9.9% is bullshit!!!!!!! Try another dealer but make a deal on a truck, then say you need to call your credit union an get the Ok for a loan. (pretend you went out to call them on your cell phone or something.....you don't really need to have a credit union though) When you get back to the salesman, tell them your credit union is going to give you 5% for 60 months but you need to submit the application and approval will take 2 days. I'll bet they match the 5% to get you out of there that day with the truck.
Worked for me.

 

[Wasch_24]

That would likely work everytime.

On my Vibe, I got up to leave when the finance guy tried to tell me all I could get was 6.9%. My FICO is in the mid to low 700s with all three credit companies. He ended up giving me 3.9% :wink: