How much is your monthly payment?
06-25-2014, 07:45 AM
#261
Senior Member/Vietnam Vet
Go through a buying program like Costco, USAA Ins., or Consumer Reports. I got 3 quotes via USAA from dealers 130 to 225 miles away, printed them off and took them to my dealer. After they gave me an offer on my trade, I told them what I wanted and that they needed to match the offers to get my business. I can't say they were happy, but so what. I used Ford Credit to get $1000 off and 6% for 60 months at $525/mon. After two payments I did a refi through USAA for 4.75% and $465/mon. Got a better offer from another credit union, called USAA and they dropped me to 4% at $406/mon. for the balance of the loan.
I let my dealer make a couple of too high offers before I told them my offer of $3000 less than that, so a little homework goes a long way.
I let my dealer make a couple of too high offers before I told them my offer of $3000 less than that, so a little homework goes a long way.
06-25-2014, 07:57 AM
#263
no! I got a loaded SCREW 2014 4x4 XLT w off road, hid, leather, towing, etc. for $35,600www.duvalford.com Jax, Florida
Don't know if it's okay to list dealers, but I used to work there when I was younger and they're a solid dealer. They are a unit/volume dealer and list great prices right up front. Just use your pencil in finance and you'll be ok!
06-25-2014, 07:59 AM
#265
Senior Member
Go through a buying program like Costco, USAA Ins., or Consumer Reports. I got 3 quotes via USAA from dealers 130 to 225 miles away, printed them off and took them to my dealer. After they gave me an offer on my trade, I told them what I wanted and that they needed to match the offers to get my business. I can't say they were happy, but so what. I used Ford Credit to get $1000 off and 6% for 60 months at $525/mon. After two payments I did a refi through USAA for 4.75% and $465/mon. Got a better offer from another credit union, called USAA and they dropped me to 4% at $406/mon. for the balance of the loan.
I let my dealer make a couple of too high offers before I told them my offer of $3000 less than that, so a little homework goes a long way.
I let my dealer make a couple of too high offers before I told them my offer of $3000 less than that, so a little homework goes a long way.
4% is high. You should be able to beat that. I am at 2% right now and have seen rates in the 1.49-1.79% range lately at various credit unions.
06-25-2014, 08:50 AM
#268
I paid $29k for my new 2014 STX 4x4 Scab about 3 months ago. I bought aftermarket custom made front and rear floor mats with mud trapping for $175, a new Ford OEM bed liner in new condition of a guy on Craigslist for $50 and a like new Ford OEM folding bed extender for $125 shipped on eBay and received and installed it yesterday. It was in perfect shape. Ford prices. Floor mats - $100 I paid $175 for a better set. Bed liner - $285 I paid $50 for the same OEM one on CL Bed extender - $365 I paid $125 on eBay for the same OEM one. Shows you don't have to have a lot of extra stuff on the truck that you'll pay 4 times more for plus the added cost of the financing of it.
Last edited by go501green; 06-25-2014 at 09:00 AM.
06-25-2014, 09:09 AM
#270
Senior Member
You shouldn't be looking at the monthly payment. You should be looking at the total cost, plus interest, divided by the number of months you plan to finance for. The problem with only caring about payments is they could charge you $40,000 for a base model XL, charge you 10% interest, but spread the payments out over 150 months and your payments are only $429. 429 sounds nice, but you got raped in every other area of the deal.
I always go in looking for the best payment I can get, but you have to remember that some of us are not idiots, we just have a different way of doing things than others. I went in payment shopping for my current truck, and walked out a hair over $10k off sticker on a RCSB. And just so it is clear, I went in looking specifically for a RCSB. Its not something I settled on because of a payment, I looked for one at about 6 different dealers online before I ended up at my local dealer, who had the others beat by a few thousand on advertised price, which was still more than I paid. Part of payment shopping is knowing what goes into making that payment. I have a number I won't go over for a monthly note, a number I won't go under for my trade, and a loan term I won't go over. If all are met, I buy.
Car dealerships, like any other business, are in the business of making money. As long as what I want is met, I'm not going to nickel and dime them to death trying to squeeze every last penny I can out of the vehicle price. If they can't meet my requirements, I go home. I also get a new car every couple of years, so paying one off is a rarity for me, which is why I look for the lowest payment I can get.
Last edited by bigred90gt; 06-25-2014 at 10:01 AM.
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