cookiemonster

Hi,

I don't remember where I read about this before (and I can't find anything in search) - but if I have a signed bill of sale with the dealership for a factory-ordered Mustang, can the dealership sell it from under me? I mean, when it comes in, can it legally be sold to a person offering a higher price for it?? I'm worried because I got my Mustang for $2,400 under invoice.

TIA

05fordgt

If you have a signed purchase agreement, or buyers order, with your signature and a dealership's signature on it, then they cannot sell it from under you. I have a question though. Did you leave a deposit, when you ordered the car? If you did, then they definitely can't do it. But as long as you have a signed buyers order, they really sell it from under you.

The best thing to do, is have them add the VIN # to the signed order, when you get it assigned to the car. This way, there isn't any way they can back out of it. Hope this helps.

cookiemonster

Thanks Jeff!

I did leave a $500 deposit, and I have a "Retail Buyers Order" with my and the dealership's president's/owner's signature. I know I have a VIN assigned - so I should get that added to the Retail Buyers Order copy that I have?

Martimus

Without the VIN listed on the bill of sale it'll be somewhat difficult to prove that the car being sold was yours. If, on the other hand, the dealership adds the VIN to the bill of sale then there's its much more difficult for them to legally sell the car to someone else unless your financing falls through; or you and the dealer come to an agreement to terminate the agreement.

SteelTownStang

May I ask way you're worried about "this"? There are enough 07s out there now that I can't see a dealership screwing you like that... Stranger things have happen, but I don't think that you'll have anything to worry about.

cookiemonster

I'm worried because I thought I got a very good price ($2400 under invoice) and I don't want the dealership to sell it to someone who comes in and offers, let's say, $500 over invoice!

Embalmer

Are you sure you mean $2400 under invoice or 2400 under sticker? $2400 under invoice is virtually unattainable without cash back, even with A/Z plan.

AFBLUE

It's possible. http://forums.bradbarnett.net/showth...rd+san+antonio. Usually, as in the above link, it's on a single car that may be sitting on the lot for a while or has less popular options or colors. e.g. screaming yellow automatic (as was the case in the link).

cookiemonster

Yes it's $2,400 under invoice (after including $500 cash back). So does that make it really $1,900 under invoice? Anyways, I'm still worried

Embalmer

Okay - I understand $2400 under invoice is possible, but as I mentioned above, that's including the $1500 cash back and it's a 2006 model. I like to see how it's possible to negotiate a $2400 under invoice deal on an ordered 2007 with only $500 dealer cash and no access to A/Z plan. This is under invoice, not sticker.

For example, my 2007 Mustang GT breaks down like this:
Sticker: 29,500
Invoice: 27,500
A-plan: 26,400

That price is before any incentives (which there only is $500 or financing from Ford Credit). I just want to know how it is possible to get a 2007 Mustang for $2400 under invoice even with the $500 cash. It's just not possible without using a trade in or down payment.

cookiemonster

I got these options: '07 Coupe V6 Prem, 5spd, Verona Leather Seats, IUP, V6 Pony Pkg w/17" wheels, Wheel Locking Kit, Active Anti-theft, Antilock, Side air-bags, Shaker 500, all weather floor mats, chrome tip ... it comes out to $24,495 MSRP ... I have a purchase agreement for $21,595 - $2,900 less than sticker.

Embalmer

Okay - like I suspected, invoice and sticker are terms being used as if they are the same. A $24,500 car will have an invoice of $23,100. X-plan pricing on that car is $23,080. I just don't see how you can get that car for $21,600 unless you are putting down money or trading in something unless you are somehow using the A/Z plan and don't know it.

cookiemonster

$24,495 MSRP = sticker
$23,495 = invoice

$21,595 = my price
= $2,900 off sticker
= $1,900 off invoice
+ $500 cash back = $2,400 off invoice

Right?

05fordgt

Actually, no. There is more than a $1,000 in markup on a loaded V6 Coupe. More like $1,500 or so (without me looking it up). I'm with James. I'd love to know why they are selling a V6 that far under invoice (if they are).

AFBLUE

I just priced out his car on forddirect.com
His MSRP came out (like he said) at $24,495
Invoice was listed as $22,995

So according to this, he got it for $1400 under invoice.

Maybe they are planning to surprise him with some huge documentation and advertising fees.

cookiemonster

On your picture $22,995 includes the $500 cash back, I was told, so it would actually be $22,995+$500 = $23,495 invoice ...

cookiemonster

Me too, that's why I started this thread (if it helps any, I had about 40 dealers in my area bid for my business, and this was the lowest bid!)


(I have no trade-ins, no plans, and I put in a $500 deposit deducted from the $21,595 ..)

IWantMyNewGT

That's what I'm thinking. Plus give him the "hard sell" on undercoating, VIN window etching, etc. Stick to your guns, man!

metroplex

A/Z plan is just about $1200-$1400 below invoice.
D plan is slightly higher, and X plan is [invoice*0.996 + $75]

WB05stang

I could possible see your concern with a GT but with a V6 you should have absolutly nothing to worry about.

The 6s really only had a bad mark-op in 05. Now you can find them all over the place. I went past a dealer a couple of days ago and they had at least 20 of them.

So worry about other things. Like were do you get all the money for the mods when it gets here.