Going to look at a 06 FX4 crew cab tomorrow. asking i think is 29 or 30 at a stealership. has around 1500 miles on it...yes hundred. What sort of things should I look for? Be careful of?

 

is it being sold as a new vehicle or a used / 'pre-owned'?

With the limited info given, just doesn't sound like a great deal to me - showing $23k - $26k with no options selected on the www.edmunds.com site. Others to consider are www.nadaguides.com or my personal favorite for unbelievably high quotes, www.kbb.com. Or check with your local bank on its loan value. Typically, loan value is in the ballpark of 80% of its value.

Remember, this truck is for all practical purposes now 2 model years old.

 

i think it has leather and a power sliding rear windwo. not sure yet. i am going to have them run a carfax on it. it is being sold as i suppose new as it has crazy low miles. but yea pre owned. i guess as "nused". I hope they can give me something around 12,5 for my explorer. a jeep dealership said they would give me 12,5 for my Ex. The plus side is I don't need to get rid of the Ex. but the tranny is slipping and i don't want to put a tranny in an 03 ex.

So my plan is to check it out, get a price on the ex, tell them i want paymets under 250/month and let them work something out if I think it is worth it.

2006 FORD F-150



$29,345, SILVER, 8 cyl, SOHC, 1/2 Ton, 4X4, air, ps, pb, pw, tilt, CD, auto, ABS, dual front air bags VIN:1FTPW14546FB36596, Stock No:22820,


Here is the ad that is posted.

 

That's a bad way to negotiate. I always negotiate price and let the credit do the talking...but that's my opinion. Good luck friend.

 

Find out what the in-service date is. Thats the date the car was first registered and is when your 3 year warrantee starts. If that date is a while ago be cautious as to why the miles are so low.

 

Glocker, I agree 100% w/Jmiles here. Never negotiate based on what you want your monthly payments to be b/c the dealership always has ways that they can "fanangle" that amount. Always go by the total, out the door cost and negotiate from there b/c that is where the true value of the vehicle lies. Also, unless they are offering 0% financing at the dealership, I would not finance thru them either. I personally went thru Capital One Auto Financing and they approved me for a loan for up to 40K (10 minutes after submitting my online application) before I even stepped foot into the dealership and sent me a blank check for which I end up writing a check to the dearlership for 22K and walked out the door w/my truck w/out having to worry about them trying to pull my credit, hassle me around, and possibly mess w/my buying price by playing w/the interest rate. Check out Capital One Auto here...
https://www.capitaloneautofinance.co...BBEF5FD46DF627

And I would also read thru this site which gave me TONS of information and tips that helped me bring my 2007 150 XLT down from 35K to my out the door price (tax,title, license...everthing) to $22,368. I would HIGHLY recommend it! Good Luck
http://www.carbuyingtips.com/

 

just got back a lil while ago. guys, the thing is badass and i like it a lot.

They said they wouyld give me 13k for my truck, and if i put 1k down, i would be looking at paymenbs of 315 or so. I found out it has low miles due since it was repo-ed. The last owner kept it in mint except that yes it was a smoker. but not too bad. i saw some ashes in the ashtray that were missed in the detail job. Nothing that my **** to detailness couldn't clean up.

I am going to call insuranxce tomorrow to figure this out for full coverage, as i ate a tree with my last explorer back in march.

Ps - just got offered a new job which starts me 8k over my previous salary. sort of psyched but there is a longer commute. mpg doesn't matter much as my expler with v8 is getting around 12mpg.

 

Just throwing my two cents in here -

I'm guessing that the payments are based on 60 months? Dealers like to make the payment attractive by stretching the term lengths to the limits.

Splitting the difference on your original values - used $29,500 as the sale price. Getting $14,000 knocked off ($13K trade, $1K cash) leaves a financed value of $15,500 for which you will pay back $18,900, for an approximate annual rate of 8%? Just trying to back-calculate what you've shared so far.

May want to negotiate an extended warranty freebie thrown in, maybe a couple of maintenance cycles (oil changes, etc.) - the repo thing concerns me, even for the low miles. Not to mention up to 2 years of the original warranty has already elapsed.

Also, consider shortening the term. On your last payment, the truck will be 7 model years old. Are you comfortable there toward the end making payments on a 6, then 7 year old truck?

Maintenance costs are probably going to increase along in this timeframe, making for the potential for some double-whammies in some months.

All that aside, it looks like a sharp truck, and one that should give many years of reliable service. *edit* - and congrats on the new job!

 

I am going to try to beak down that last response.

acutally payments based on 72. But I am planning to over pay monthly.

A buddy of mine just bought an 08 from the same place. he spoke to one of the guys about me and my involvement in police and ems. the guy, being an avid emt with ems service, said he might be able to knock it down to 27. he wasn't there today but I will try to get a hold of him.

I want the extended warrany so that freebie thing would be kickass. but might not work if they drop it to 27 as above stated. Maybe I will ask that above and say if not I can settle for this extended warranty plan being a fairy new used truck.

7 years and spending that does freak me out a bit, but i hope to pay that off sooner due to over paying certain months.

the 5.4 liter I am told is a solid engine with that ticking sound to be normal. How about the tranny? and other parts..just a ball park response

Yes i hope so. I really like it and love silver. it has the rail system for above cargo which is cool, with the power sliding rear window which i think is badass on a crew cab.

 

Wow. Please keep in mind that I wish to help by pointing out various aspects of the details you've shared, along with my perspectives.

I understand how emotional things can be when you've found THE vehicle, but I encourage you to thoroughly understand the dollars before signing the paperwork. $2000 savings up front equates to 6 months of payments on the current terms.

No matter how things turn out - my rule-of-thumb is that a good deal is defined when both parties are satisfied with the arrangement. Just want to be sure you don't get 6 months down the road and feel that you've had an auger run up your personal exhaust pipe.

Anyway, keeping the initial assumptions the same ($15,500 financed, $315/month payment) but extending the term out to 72 months yields a finance rate of somewhere in the 13% annual range. Unless your credit is in the crapper, surely you can better this somewhere else. Financing is a significant, if not THE major, portion of the dealer's profit machine. *Edit* 72 x $315 = $22,680 repaid on the initial $15,500. 50% more paid back than borrowed - are you comfortable with this, even if it is over 6 years? And are you sure there is no pre-payment penalty for paying additional dollars?

Plus, at 72 months, you're looking at making payments into the 8th model year - all things equal - if you had made this deal at this time in the year 2001 for a 2000 model truck, you'd just be paying it off now.

I'm just getting some bad vibes from your posts. Classic lines are being said by the dealer. If he drew a 4-square diagram to explain numbers - run like hell! Check with a bank or monitor the local classifieds to estimate what this truck's true market value is - get a 2nd opinion, so to speak. Then negotiate payments from there.

It was said in by another member in a previous post - but you need to be concerned about the total 'out-the-door' price first, then the fair market value of your trade, then any financing terms. Consider these individually - combining them into an end-result monthly payment value muddies waters and hides true profit.

Big vehicles aren't moving so great now - this both helps and hurts you. On one hand, it should help with negotiations on the newer vehicle. On the other, it makes unloading the older vehicle independent of a trade-in more difficult. Some dealers operate where they make the bulk of the profit on the value of the trade-in, so don't be fooled.

There are a lot of aspects to this deal where the dealer can make a tremendous profit. They do have to make money to stay in business. My goal is that you get a fair deal for both you and the dealer.