Stelearship!!!!!!!!!!!!!!!!
05-04-2012, 09:57 PM
#51
On more meds than ymeski
I couldn't find those deals. Used were going for almost the same as new. When I was looking around some used 2010 Fx2's were actually a bit higher than mine. The closest I found was $27k used and mine was $28,900 new.
05-04-2012, 09:58 PM
#52
I've heard somewhere that the bank gives them some type of percentage on the interest if the customer makes payments. So the banks make money off the loan and reward the dealer. I'm not positive though so correct me if I'm wrong. This is why they want you to make payments before paying it off.
05-04-2012, 10:07 PM
#53
Senior Member
Blame all the rebates and stuff, 35k seems like a pretty good offer to me. The loaded up Screw EB FX4 with appearance package my wife likes has a 46k sticker on it but would only 37k right now after all the rebates, invoice price, special package discounts........
05-04-2012, 11:42 PM
#54
Senior Member
Wow i hate to say this but you got robbed on your original purchase price. I just purchased a 12 fx4 sticker price was 50k, i got it for 37k. I chose to not pay cash because i would not get the extra incentive for using fords financing, however after 3 months i will write a check for the full amount. I then traded in my Lincoln navigator and they gave me blue book. I ended up paying less than 30k for it out the door TT+L. Gotta negotiate better next time. If they offered me 35k for mine right now id jump on it, thats a deal especially because you drove it for so long!
05-05-2012, 08:39 AM
#55
Senior Member
I've heard somewhere that the bank gives them some type of percentage on the interest if the customer makes payments. So the banks make money off the loan and reward the dealer. I'm not positive though so correct me if I'm wrong. This is why they want you to make payments before paying it off.
05-05-2012, 12:02 PM
#56
If got into a loan with no negative cash from a trade. Than a good rule is that when the loan is about half paid of you will, well might get a trade for what you owe. Now that is a 84 month loan witch a lo of people do. Just a round about rule if you do the math it is close. I would never do more then a 60 loan. I find math wise 60 will pay the loan down about as fast as trucks value goes down. Now again this is based on rate and money down, but in the end you just can't trade a truck in once a year pay full price and think you will get your money back.
05-05-2012, 05:25 PM
#57
I was able to snag a deal like this. My 2010 STX, bought back in aug 2011, was going for 29,000 with 15,000 miles on it. But...ball was in my court, it was at a Toyota dealership!!! I walked in, with my 2004 Lariat for trade. They wanted it off the lot soooo bad because it was a Ford on their lot. They offered me 6000 for my 04. 4.9% financing. I stood up and walked out. 1/2 way out the door, the salesman ran after me, and said "what can i do to get you to drive home in this today?" I said knock $2000 of the price(27,000) and give me $7500 for my trade, and give me 2.9%....Depressed, the salesman was like, "give me a minute..." Came back, and said," Done...its yours, i didnt think my manager would go for it, but he wants that thing off the lot." So, i got my truck for, $27,000, minus the trade of $7500, for a total of $19,500.