gregsf150stx

that's actually b/s.....You could have traded 3 months afterwards (although you would have definitely liked the #'s in that scenario)...


Dealers will try to take advantage of you when they sense you're not sure of what you're doing..


A trade is a trade. If you owe on your current loan, that's carried over to the new loan and your trade value is factored in as well.

MaxEvans

I'm sure, but it was weird because the guy didn't even throw any numbers at me or even try to give me a deal that is heavily in their favor, he said there's nothing we can do, come back in 8 months.

I owe $25k on the current finance loan, what would you do in this scenario?

Koolponycar

Go to a different dealer that wants to sell a truck. And by the way the end of the month is one of the best times to buy cause they want to get all the sales in they can. some dealers get bonuses for moving so many units.

13_F150

[QUOTE=gregsf150stx;4761164]WHAT??? I've never heard of such a money factor. I would have demanded to ask what the LENDER approved you for and WHY the dealer was contracting you in at 6.7550% for..


That's a money factor of 0.00282....

************************************************** *****************************
Well, I do stand corrected, I went back and did some research on another forum, and it appears
that money factor/apr with FORD is much much higher than chevy and ram. That's strange.

is that current 2015 lease? so possible when the 2017s start rolling out the 16s will be more affordable? I dont know how people pay $800 a month to drive a nice pickup truck. I've bought a 2005 f150 lariat new, 2012 focus titanium new, 2013 f150 fx2 loaded new and now im trying to get into a 2016 xlt. they were at 446, i said i need to me under 400. I'm putting $3000 down and $750 private cash.

MaxEvans

Thanks for the help guys, I would imagine a 3 year old loaded out truck with the last big V8 gas engine ford produced would net a little appeal to some heavy duty towing guys/guys who chase speed and will take the towing mirrors off and reduce weight and build a RAPTOR, thus getting a little appeal from a dealer near summer-time.

It looks like after what you guys have said and what I've read, I just ended up at the wrong dealer. Oh well.

Once again, thanks for the help guys.

gregsf150stx

Is that 3,000 and $750 down on a BUY or a LEASE?



is that current 2015 lease? so possible when the 2017s start rolling out the 16s will be more affordable? I dont know how people pay $800 a month to drive a nice pickup truck. I've bought a 2005 f150 lariat new, 2012 focus titanium new, 2013 f150 fx2 loaded new and now im trying to get into a 2016 xlt. they were at 446, i said i need to me under 400. I'm putting $3000 down and $750 private cash.

13_F150

Was a lease on a XLT 302A supercrew 4x4 sport

gregsf150stx

OUCH! I'd never sink $3,000 into a lease. Overall, it just makes your payment skyrocket....especially on a vehicle you don't own (unless you plan on buying it out at the end of the lease - - than that depends on the residual value).


On a 3 year lease, that's another $84 on top of your already quoted payment. Even if you had It rolled INTO your payment, its still money you overpaid.



Just like Dodge Ram, advertise a unbelievable low lease payment then $2,999 down

Mike Up

Kelly Blue Books "GOOD" trade in value is usually what the trade is worth. Many dealers will say that value is too high over their NADA black book, but I would never take less that what KBB states.

gregsf150stx

On a really NEWER vehicle an autotrader instant cash value is pretty much as good as it gets.


I got $28000 for my Tremor without even haggling, and that's exactly what autotrader valued it at.


the dealer was checking on the MANHEIM auction site, so the autotrader value was spot on.