The question of the note is an interesting one. Right now Ford will offer 0.9% financing OR $1500 off. The dealership noted that to get the $1500 off you end up with something like 5.8% financing but after 3 payments (and 90 days) you could refinance into something much lower like 2.8% and that they do a lot of that. I need to run some numbers and see if that system with the $1500 is a better deal than 0.9% overall.
-Curt ________________________________ From: Dan Penoff <d...@penoff.com> To: Curt Raymond <curtlud...@yahoo.com>; Mercedes List <mercedes@okiebenz.com> Sent: Monday, July 28, 2014 7:25 PM Subject: Re: [MBZ] OT: How is this game played exactly? The "buy it new and run it into the ground" can make sense if you're carrying the paper for 0% or paying cash. That's about the only way you can amortize the depreciation and break even or possibly come out ahead in my book. The wife's 2005 Mazda 6s will be ten years old next year. It's got 133k on it and is still worth about $5k as a private party sale. We paid around $22k for it in 2005 and carried the paper for four years at something stupidly low, like 1%. Repairs over its life have been around $2600 so far, not including maintenance. I'm thinking we've gotten our money's worth out of the car. Next year it's either a new car for her at 0% or a late model used car. it will all depend on the bank rates at the time. You're probably even better off when you consider the resale of a Ford truck. You've seen what the used ones bring, so you already know it will hold its value for a long, long time. Have you considered the "Internet blast" approach? Pick out a number of dealers in the area online, give them the specs on the truck you want, and let them give you a quote. They're a lot more aggressive this way, as they know you're not screwing around. You want to be sure they know you're shopping everyone and that they get one and only one shot. You alos don't have to mess with the game playing that way, too. Dan On Jul 28, 2014, at 7:17 PM, Curt Raymond via Mercedes <mercedes@okiebenz.com> wrote: > Toyota seems the least likely to deal. Used sellers of Toyotas seem to think > that every time they've farted in the seats its raised the price $1000. > > I was unhappy at the Ford dealership at first, it was the old school "come in > and lets talk about things." Where what we really wanted was to drive some > trucks but in the end it worked out as we realized that we could probably end > up with a better deal on a brand new truck than a used one. I think spending > $25,000 and running it for 15 years will make more sense than spending > $10,000 every 5 years. > > -Curt > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
