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Its been a rough week

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Old Apr 5, 2011 | 11:33 PM
  #1  
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From: Crestwood, KY
Default Its been a rough week

Well, I was working a deal with my dealer to possibly trade in my BMW 335i on a Ecoboost, just waiting on the dealer to locate a truck as I wasn't thrilled with the idea of ordering one and waiting 6 months...that was until the other shoe or shoes dropped.

A little girl at my local Y pulled out without looking and hit my front bumper. Just folded the bumper only, didn't hurt the fender or light assembly thank god. I called the dealer and told them what happened but no biggie, the BMW dealer would replace the bumper and it would be better than new. The dealer got all sideways and dropped my trade-in price just over 2700 because the accident would show up on carfax and as such they could not sell it in "excellent" condition.

I called State Farm (her insurance co.) and told them my situation. To my surprise they immediately offered me the difference!

Well, I called the dealer yesterday to tell them to keep looking and to give them the VIN of a truck I saw online about 100 miles from here I was interested in. That was yesterday...this morning I woke up to find the incentives have dropped 1500 and the financing rates are way up.

So, I guess I'll keep on waiting because I really dont have to do anything right now but I really want this truck!

Anyone have any clue about possible changes in the incentives? Do you think they will improve if I wait till July or later? I keep hearing this terrible situation in Japan is going to keep supply low so the possibility of a deal will also be low. Should I wait or just pull the trigger? 1500 isn't going to break or make me, but 1500 is a lot of money, thats quite a few mods I'm leaving on the table. I was going to refinance the truck post purchase to get the extra 1K from Ford Credit so the interest isn't hurting my feelings too much.

Or is this a bright flashing sign that I shouldn't buy right now?

Any advice is appreciated.
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Old Apr 5, 2011 | 11:48 PM
  #2  
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From: Northern New Jersey (Bergen)
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I feel for you. Dealer called me today that my truck is in, but rebates dropped. I am lucky because when i ordered i got 0% and $1500. I was hoping rebates would have went up a little more by this time, especially with gas prices at roughly $4/gal.

Dealer said that 0% is still in effect, but no cash also. Maybe if you can wait until May it will change. Good luck.
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Old Apr 6, 2011 | 12:51 AM
  #3  
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From: After 20 + years in the foothills of the Sierras; I am now [back] in the south-end of Sunny SoCal!
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Originally Posted by jsf150
Well, I was working a deal with my dealer to possibly trade in my BMW 335i on a Ecoboost, just waiting on the dealer to locate a truck as I wasn't thrilled with the idea of ordering one and waiting 6 months...that was until the other shoe or shoes dropped.
Originally Posted by jsf150

A little girl at my local Y pulled out without looking and hit my front bumper. Just folded the bumper only, didn't hurt the fender or light assembly thank god. I called the dealer and told them what happened but no biggie, the BMW dealer would replace the bumper and it would be better than new. The dealer got all sideways and dropped my trade-in price just over 2700 because the accident would show up on carfax and as such they could not sell it in "excellent" condition.

I called State Farm (her insurance co.) and told them my situation. To my surprise they immediately offered me the difference!

Well, I called the dealer yesterday to tell them to keep looking and to give them the VIN of a truck I saw online about 100 miles from here I was interested in. That was yesterday...this morning I woke up to find the incentives have dropped 1500 and the financing rates are way up.

So, I guess I'll keep on waiting because I really dont have to do anything right now but I really want this truck!

Anyone have any clue about possible changes in the incentives? Do you think they will improve if I wait till July or later? I keep hearing this terrible situation in Japan is going to keep supply low so the possibility of a deal will also be low. Should I wait or just pull the trigger? 1500 isn't going to break or make me, but 1500 is a lot of money, thats quite a few mods I'm leaving on the table. I was going to refinance the truck post purchase to get the extra 1K from Ford Credit so the interest isn't hurting my feelings too much.

Or is this a bright flashing sign that I shouldn't buy right now?

Any advice is appreciated.

I am sorry to hear your situation!

I am not sure how the Japan issue will impact you unless you are factory ordering a black or red vehicle: https://www.f150forum.com/f38/ford-p...d-japan-88343/

Furthermore, as we approach the May/June/July clearance phase, you should see some more rebates and finance deals from FMC pop up again.

The bottom line is, they have a lot of inventory on hand still, and as I stated in another thread last week, my large regional dealer still had five 10's on the lot along with a slug of unsold 11's. We are still in a recession and gas prices continue to rise. Don't let your local dealer intimidate you or leave you with the impression that it is a 'seller's' market; it is not; and they may use this Japan issue to create an illusion that there is a shortage of product.

This is one of the oldest car sales ploys....better buy now; there won't be many more left!!! BS! There is a whole dealer network of unsold metal! If you have to look in another city in your state, or a neighboring state, do it.

Hang in there; in short order you will see them scramble to unload the inventory before the 12's start showing up. They hold the 'future' rebate cards close to the vest, until the very last moment. And, if your credit is decent, hold out for a good interest rate. The Fed has not raised their rates yet, so institutions like FMC still have access to cheap money.

Good luck!!
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Old Apr 6, 2011 | 01:04 AM
  #4  
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From: Crestwood, KY
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I get the "X" plan through my work and from my impression this is about as good a deal as im going to get. Am I misinformed? Has anyone negotiated below X plan before?
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Old Apr 6, 2011 | 06:00 AM
  #5  
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From: Central Indiana
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If you have a valid X plan PIN, you get the X plan price minus whatever Ford incentives you are eligible for.
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Old Apr 6, 2011 | 07:25 AM
  #6  
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in the big scheme of thing you are going to let $1500 change your mind on a vehicle? Ov rthe life of the loan is it really that big a deal? I would say go to the dealer and TELL them to know $1500 of the sales price to make up for it and get the truck you want.
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Old Apr 6, 2011 | 08:27 AM
  #7  
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More and more incentives will be coming your way as the fuel price increases.

Patience is a virtue.
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Old Apr 6, 2011 | 08:43 AM
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Originally Posted by Bottom Dollah
More and more incentives will be coming your way as the fuel price increases.

Patience is a virtue.
This. +10000. The more gas goes up and the longer you wait it will only get better!
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Old Apr 6, 2011 | 08:44 AM
  #9  
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Yeah I remember when i bought my 08 FX4 3 years ago, the first time the deal didnt go through because the incentives werent high enough, I walked out. Thats when the salesman said these are as high as they will get, FMC is doing away with rebates, they will be getting smaller and smaller, i walked out of the dealership laughing so hard i almost fell over. 3 weeks later the rebates were 2500 higher, thats when i drove my truck home!!!
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