Dealers: what kind of deal can I get on this car: | FerrariChat

Dealers: what kind of deal can I get on this car:

Discussion in 'General Automotive Discussion' started by TopCloser, Sep 14, 2007.

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  1. TopCloser

    TopCloser Formula Junior

    Mar 20, 2006
    309
    A brand new 2006 model with 31 miles on the odometer; not an unwind, not a buyback, not a demo. Just an old old old unit in stock that was likely paid for long long ago. The particular car I'm looking at stickers at slightly over $33k. I suppose the invoice is $28k - $29k. No rebates, no incentivized financing, nada available on the car. A comparably equipped used example, with ~15k miles, would run about $14,000.

    I've sold quite a few old inventory new cars, and the dealerships I've sold them under often made really silly deals just to recoup the cash they had to lay out once their flooring plan expired on the car. I remember selling a brand new 1998 Mustang GT for $10,500 in 2000...guy got a smoking deal as used ones ran about $14k at the time; I think the invoice was $18k. The owner just wanted to liquidate the money he'd been forced to purchase the car from Ford with.

    The particular car I'm looking at stickers at slightly over $33k. I suppose the invoice is $28k - $29k. No rebates, no incentivized financing, nada available on the car. A comparably equipped used example, with ~15k miles, would run about $14,000.

    To throw a big wrench into the works: the dealership is closing its doors in the next week, and Ford is reclaiming the franchise and inventory. I was told today that I will speak with either the current owner of the store, or with a Ford rep, early next week to discuss purchasing the car.

    I know Ford wants nothing to do with this car...what the hell would they do with a 700+ day old brand new slow-selling car? And I know the dealer wants the car gone, as whomever purchases the inventory (be it Ford or some other franchisee) will offer next to nothing for it.

    So it appears that I may be able to pick this thing up for pretty cheap. Anybody got any idea what kind of number I'll be looking at? I'm gonna guess $18k...sound reasonable? Do I have both by the short hairs, or neither? Ideas?
     
  2. bounty

    bounty F1 Veteran

    Feb 18, 2006
    7,769
    San Diego, CA
    I am usually not a detail oriented guy, but model and make might help others answer your question ;)
     
  3. TopCloser

    TopCloser Formula Junior

    Mar 20, 2006
    309
    Crown Victoria.
     
  4. Tyler

    Tyler F1 Rookie

    Dec 19, 2001
    4,274
    dusty old farm town
    Full Name:
    Tyler
    There's your answer. I'd MAYBE pay a grand more for the LOW miles. Any way you wrangle this, the second the inks dry, it's a two year old used car, nothing more.
     
  5. JBsZ06

    JBsZ06 Formula Junior

    Dec 6, 2003
    761
    I think a crown vic is going for 18 as you mentioned.

    I remember my father in law talking about mercury (whatever is the same car as the ford vic) for sale new at 18 grand....

    Good luck

    JB
     
  6. TopCloser

    TopCloser Formula Junior

    Mar 20, 2006
    309

    A used car with a 6yr/100,000 miles powertrain (3yr/36,000 bumper-to-bumper) warranty. It's also nearly impossible to find in my area (SoCal), as they stopped selling Crown Vics in California in 2005.

    I agree with what you are saying, and I'd love a number like $14k. But I'm thinking that may be too optomistic.

    But my primary concern with this question isn't what I'd pay for it, but what I can expect the dealer/Ford to let it go for. I could tell them $14-16K until I'm blue in the face, but they've got the power to turn down any offer I make. I'm trying to get a feel for how desparate of a situation this may be for the seller.
     
  7. Buzz48317

    Buzz48317 F1 Rookie

    Dec 5, 2005
    2,862
    Shelby Twp., MI
    Full Name:
    Michael
    If you feel the situation is desperate tell them 15,000. If they say "No" you can always offer more. Once you say 18,000 it'll never be less than 18,000. In my experience I have only once had an opportunity to have a lower bid accepted after a higher bid was offered. I Was buying a small boat that I really wanted, was at a boat show, offered $19,500, sales manager said "no", offered $20,250 sales manager said "no" walked the boat show for an hour or so, went back to the salesperson at closing, he sent in their 'closer' who said "what's it gonna take to get you to buy today?" I told him $19,500 and he said "deal" as the color ran out of the salesperson's face.
     

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