Car dealer will not budge on “online price”

[Anonymous]

Anonymous wrote:OP here- thanks everyone. I guess I was used to the whole "don't pay full price!!!" logic. I did see the car in person on Tuesday evening and test drove it with my husband. I really liked it a lot. It's in great shape, only one previous owner and has the updated technology package which I like/wanted (blue tooth, navigation & back up camera). Only thing I was hesitant on was the miles which is a bit over 68,000 but my husband said that was fine. The price on the paper attached to the car window was also $14,927 so that's why I didn't really believe that it was their "internet price" as the car sticker said the same price but I could be wrong.

I guess my biggest issue is the terms too. He's trying to put me in a 72 month loan on it at a pretty high interest rate which I can't be upset about since again, my credit is not great. I was hoping to not go over 60 months but again, the finance manager was admant on all these terms. My monthly payment was only going to be around $278/month which is great but doing the math on everything makes me feel like Ill be way over paying for this car with the 72 month loan plus putting $4k down, etc.

I am not great at math, but you are putting $4k down on a $14k car and a 72-month!!!! loan at $278/mth? Don't do this deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mileage is way too high. We have fewer miles on our ‘03.

I have a 2011 with 140k. I spent 2 years driving it from Knoxville, TN to central MO. For the car OP is looking at to be at 68k in 2 years, I’d assume they did a whole lot of highway running and not be overly concerned. Take it to an independent mechanic to be sure brakes, axles, suspension are in good shape.

I disagree. People who drive their cars over 30K a year doing highway driving usually don't sell their cars after 2 years. Those people will keep their cars until they have 200K miles in 7 years. The people who sell 2 year old cars with over 30K miles are ones who drove for a living. These are people who drive car services, uber, delivery services. Many of these were leased cars. High mileage vehicles selling in 2 years is a red flag, one of many in this deal that OP should avoid.

Yep. I know a lot of salespeople who lease (or whose companies lease on their behalf) new cars for about 2 years, and then given them up--think things like pharma sales where you are on the road all the time.

Op here- I spoke to the salesman this morning and he said it was a lease. The miles still made me nervous though and the whole deal just doesn’t make sense. He called me back 20 mins ago to tell me his manager said that was their best offer so i told him I was going to move on. This was through a ford dealership (a PP asked).

OK, they were taking advantage of you because clearly you have no idea what you are doing. You should know if you are financing a car or leasing a car! This is the worst deal ever and I want to know what dealership this is so I can never do business with them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mileage is way too high. We have fewer miles on our ‘03.

I have a 2011 with 140k. I spent 2 years driving it from Knoxville, TN to central MO. For the car OP is looking at to be at 68k in 2 years, I’d assume they did a whole lot of highway running and not be overly concerned. Take it to an independent mechanic to be sure brakes, axles, suspension are in good shape.

I disagree. People who drive their cars over 30K a year doing highway driving usually don't sell their cars after 2 years. Those people will keep their cars until they have 200K miles in 7 years. The people who sell 2 year old cars with over 30K miles are ones who drove for a living. These are people who drive car services, uber, delivery services. Many of these were leased cars. High mileage vehicles selling in 2 years is a red flag, one of many in this deal that OP should avoid.

Yep. I know a lot of salespeople who lease (or whose companies lease on their behalf) new cars for about 2 years, and then given them up--think things like pharma sales where you are on the road all the time.

Op here- I spoke to the salesman this morning and he said it was a lease. The miles still made me nervous though and the whole deal just doesn’t make sense. He called me back 20 mins ago to tell me his manager said that was their best offer so i told him I was going to move on. This was through a ford dealership (a PP asked).

OK, they were taking advantage of you because clearly you have no idea what you are doing. You should know if you are financing a car or leasing a car! This is the worst deal ever and I want to know what dealership this is so I can never do business with them.

This! I gasped when I read it was a lease!!

[Anonymous]

I read OP's update as the Ford Edge she wanted to buy used to be a car used as a lease, and now the dealership is selling it. NOT that OP's deal was to lease a car. Because that would be crazy.

[Anonymous]

My guess is Ford Focus is not “fun” enough for OP.

[Anonymous]

Girl, no.

Why can’t you put it in DHs credit/name?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What’s the mileage? That’s a decent price for a 2016 with low miles.

OP here- 68,000 miles

That’s a ton of miles on a car two years old.

+1. Even assuming they got it end / mid 2015, that's almost 60 miles / day, every single day.

[Anonymous]

Anonymous wrote:
OK, they were taking advantage of you because clearly you have no idea what you are doing. You should know if you are financing a car or leasing a car! This is the worst deal ever and I want to know what dealership this is so I can never do business with them.

No, no, no; she's buying a car that previously had been leased, thus accounting for the high miles.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mileage is way too high. We have fewer miles on our ‘03.

I have a 2011 with 140k. I spent 2 years driving it from Knoxville, TN to central MO. For the car OP is looking at to be at 68k in 2 years, I’d assume they did a whole lot of highway running and not be overly concerned. Take it to an independent mechanic to be sure brakes, axles, suspension are in good shape.

I disagree. People who drive their cars over 30K a year doing highway driving usually don't sell their cars after 2 years. Those people will keep their cars until they have 200K miles in 7 years. The people who sell 2 year old cars with over 30K miles are ones who drove for a living. These are people who drive car services, uber, delivery services. Many of these were leased cars. High mileage vehicles selling in 2 years is a red flag, one of many in this deal that OP should avoid.

Yep. I know a lot of salespeople who lease (or whose companies lease on their behalf) new cars for about 2 years, and then given them up--think things like pharma sales where you are on the road all the time.

Op here- I spoke to the salesman this morning and he said it was a lease. The miles still made me nervous though and the whole deal just doesn’t make sense. He called me back 20 mins ago to tell me his manager said that was their best offer so i told him I was going to move on. This was through a ford dealership (a PP asked).

So... what was the 14K price? None of this makes sense.

[Anonymous]

Anonymous wrote:
This! I gasped when I read it was a lease!!

This sounds like you are reading a really exciting story! Lol...

[Anonymous]

Anonymous wrote:

Anonymous wrote:
OK, they were taking advantage of you because clearly you have no idea what you are doing. You should know if you are financing a car or leasing a car! This is the worst deal ever and I want to know what dealership this is so I can never do business with them.

No, no, no; she's buying a car that previously had been leased, thus accounting for the high miles.

OK, rereading I see what you are saying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
This! I gasped when I read it was a lease!!

This sounds like you are reading a really exciting story! Lol...

Usually leases have mileage limits. This makes no sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What’s the mileage? That’s a decent price for a 2016 with low miles.

OP here- 68,000 miles

That’s a ton of miles on a car two years old.

+1. Even assuming they got it end / mid 2015, that's almost 60 miles / day, every single day.

We were putting 500-600 miles a week on our minivan last year. The nanny drove 4 kids, two schools, each 10+ miles away (so, some days, that's 80 miles just of school driving). Plus all other family driving since it's the only vehicle we can all use. Our 2012 Odyssey now has 90K miles on it. We were replacing tires yearly for the last four years. This is one reason we moved.

DH used his car primarily for commuting, and put an average of 12K/year.

I WAH, and my personal car is a 2005 with 36K on it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
This! I gasped when I read it was a lease!!

This sounds like you are reading a really exciting story! Lol...

It was like, the horror! Lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mileage is way too high. We have fewer miles on our ‘03.

I have a 2011 with 140k. I spent 2 years driving it from Knoxville, TN to central MO. For the car OP is looking at to be at 68k in 2 years, I’d assume they did a whole lot of highway running and not be overly concerned. Take it to an independent mechanic to be sure brakes, axles, suspension are in good shape.

I disagree. People who drive their cars over 30K a year doing highway driving usually don't sell their cars after 2 years. Those people will keep their cars until they have 200K miles in 7 years. The people who sell 2 year old cars with over 30K miles are ones who drove for a living. These are people who drive car services, uber, delivery services. Many of these were leased cars. High mileage vehicles selling in 2 years is a red flag, one of many in this deal that OP should avoid.

That depends. I know high-mileage drivers that sell after 2-3 years. They are in businesses where the company pays for the vehicle and they are entitled to a new one every 2-3 years. For example, my friend was an account rep for the mid atlantic region for IBM, and she'd drive all around in her Ford visiting various customer sites. She'd put on huge miles per year, and she got a new car every 2-3 years.

This is possible, but there's no way to know.