09-18-2008, 02:20 PM | #15 | |
Camaro Convert...
Drives: 2006 Cobalt SS Supercharged Join Date: Sep 2008
Location: Metro Detroit, Mi
Posts: 595
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Quote:
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4 life!
Currently Driving: 2006 Cobalt SS Supercharged |
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09-18-2008, 02:27 PM | #16 |
Drives: 2005 Subaru Legacy GT Join Date: Jul 2008
Location: NJ
Posts: 312
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Refresh it I added to it
Feel free to ask me any questions if something doesn't make sense. II have a BS in Finance and work with finance, budgets, costing etc every day of my life. |
09-18-2008, 02:42 PM | #17 |
Drives: 2005 Subaru Legacy GT Join Date: Jul 2008
Location: NJ
Posts: 312
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EDIT -
I mistyped something I wrote above and I want to clarify it ( I was typing so fast I didn't realize) I stated that if there was a 2500 rebate they would try to tell you MSRP was 30,000 but for you the price is now 27500 and for you to start negotiating there. That isn't what I meant or what you should do. You need to FIRST negotiate the price of the car down to the lowest possible price with you FORGETTING about rebates and incentives. Say invoice is 27,000 on the car. You want to awlays shoot for at least invoice on a car. So you tell him you just want to talk price of the car without incentives. They will ask you what price do you have in mind. You say 26,500. They will say "where in the world did you come up with that" and you cool and calm say that is the price I am working for. They will laugh and tell you it isn't possible blah blah blah and need to go talk to their manager. They will come back and say $28,000 is what I am approved to sell it for. You say 26,500 they will go bac one more time and say manager said I can go to 27,500. Then you say if they are willing to move this car today you will do the deal for 27,000. they will go back and forth and finally if you hold they will meet you. NOW you use the 2500 rebate. See the difference. That rebate is YOURS, never use it on the top price use it when you are done negotiating. My mistake above. So now you have them at invoice (27,000) and you get your 2500 rebate and the cars price is now 24,500 for you! That is how you do it, sorry about above |
09-18-2008, 02:57 PM | #18 |
waiting for 5th gen
Drives: 99 z28 6 speed, 81 z28 auto Join Date: Apr 2008
Location: chapin s.c.
Posts: 195
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payment
as long as im under $500 per month im fine. right now i have 2 $400 per month payments those will be gone in a few months and then ill be ready.
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09-18-2008, 03:07 PM | #19 | |
killer bAnana
Drives: 1985 z28 Join Date: Sep 2008
Location: Carson, CA
Posts: 694
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Quote:
dude im making you my friend! theres no way im going to the dealer blindfolded. i have been doing my share of research but i'll take all the help i can get... Camaro, here we come!
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"Shut your noise tube, Taco Human!" |
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09-18-2008, 03:21 PM | #20 |
Drives: 2005 Subaru Legacy GT Join Date: Jul 2008
Location: NJ
Posts: 312
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No problem! Ill help all I can. I bought my 2005 legacy GT (which was the very fisrt year of the totally redone model) for $500 UNDER invoice.
Dealers thrive on idiots. They love to move cars though. So even if you come in and get a terrific deal, they are ok with it b/c 99% of those that come in get raped by their smoke and mirrors which is how they make the $. Don't let them make $ on you, just let them move a car you be the 1% |
09-18-2008, 03:37 PM | #21 | |
Drives: Soon to be 2010 Camaro SS Join Date: Aug 2008
Location: GA, soon to be KS.
Posts: 664
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Quote:
hey this is why I will never go to Vegas. I am doing the one payment plan. I am hopping to get the SS for under $36K w/ selected oppions. |
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09-18-2008, 03:37 PM | #22 |
Drives: 08 C6 NPP, MZ6 436hp Join Date: Sep 2008
Location: Van Buren
Posts: 134
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MBlock66,
do you think there is any room to negotiate on the '10 Camaros or is MSRP pretty much gonna be it for the first few months? Also Im looking at putting $10K-$18K down on the vehicle. do you think it would be wise to NOT mention so the dealer may go down on the price because he thinks he may be getting interest from me financing a larger amount there, OR should I use the power of cash as a leverage in the bargaining so he'll take me seriously??? Just thought I'd throw that out there for you seasoned car shoppers...... |
09-18-2008, 03:48 PM | #23 | ||
killer bAnana
Drives: 1985 z28 Join Date: Sep 2008
Location: Carson, CA
Posts: 694
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Quote:
Quote:
My guess would be to hold off, so that the dealer won't have room to work with the difference they have left over after your down payment. but we'll let MBlock66 answer this one
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09-18-2008, 04:02 PM | #24 |
Drives: Soon to be 2010 Camaro SS Join Date: Aug 2008
Location: GA, soon to be KS.
Posts: 664
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for the first few months. If you can get them down to MSRP with all the hype you are rocken.
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09-18-2008, 04:13 PM | #25 |
Drives: 2005 Subaru Legacy GT Join Date: Jul 2008
Location: NJ
Posts: 312
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Agreed it depends on when you are buying. If you are going to buy immediately you will be lucky to even get MSRP from dealers that won't budge. They will get enough business from the people willing to pay 5k over so they will not negotiate with you. If you are talking December 2010 you will get a nice discount.
Also another tidbit for you all. ALWAYS go shopping for your car on the last business day of the month. Salesmen need to make a quota and will do almost anything to move a car, especially a sports car in a winter month! So if you can hold out and let the lunatics buy their camaros 5k over you will probably be able to get invoice +1,000 within 3 months and invoice within 6 months. |
09-18-2008, 04:27 PM | #26 |
Moderator
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Mblock66, you have very good advice about going to the dealer.
I'm going to hire you to talk to my dealer for me.
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RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet//
Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban |
09-18-2008, 04:35 PM | #27 |
Oldbie that nobody knows
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I would ideally like to keep my payment below $350, which should be simple since I'll have around 22-25K saved to put down by the time I actually get the car which will be a moderately well-loaded SS. I want my term to not exceed past 48 months either. Whenever I can, I'll overpay the monthly payment too.
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09-18-2008, 04:44 PM | #28 |
killer bAnana
Drives: 1985 z28 Join Date: Sep 2008
Location: Carson, CA
Posts: 694
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For those of us who CAN'T drag MBlock66 to the dealer
I've been doing some reading on the following website and found it to be very helpful in car buying. It begins with your credit score and works its way up to finalizing that car sale. You may find that it has good advice on avoiding dealer scams and dealing with crafty sales people.
Take a look! http://www.carbuyingtips.com/carintro.html
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