Who got a great deal and where?!
8/10/06, 09:37 AM
#41
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Originally Posted by zlskrs
viiStang: I'm in Central Jersey too (Morris County). What dealer are you working with? I've been working with Family Ford in Netcong NJ and they have been good so far on trade and X-plan. I'm about to order a GT Premium vert with 5sp; they will take X-plan (most Ford dealers in my area will not honor Plan pricing on 5sp models). They also gave me a good offer from the outset for my trade -- Edmunds, KBB, and others value it in the $14-17K range and they offered me $16K. They are small so I'm a little concerned about how quickly they'll get the car but they told me about 8 weeks.
Keep in mind that you get a sales tax benefit in NJ when you trade in. The sales tax is calculated on the net between the new car purchase price and the trade-in of the old car. In my case I'm looking at around $32K for the new one so I'll only pay tax on the difference (32k less 16k trade equals 16k net, times 7% equals $1120). If I were to sell the car myself I'd have to pay tax on the whole $32K, or about $1100 more. If your car still has decent value the sales tax savings could be significant. Also, by trading you can transfer your current registration to the new car for a small fee (my dealer said about $25) and the registration is valid until the original expiration date. That saves about $250 for me because I bought my car right after McGreevey pushed through the 4-year registration (Nov-04) which costs you $250-300 when you first register.
Finally -- Warnock Ford in Morristown also honors Xplan on all models. They have a leftover 06 GT vert, 5sp, yellow with black top, black interior if that suits anyone. It is a Demo but I don't know how many miles are on it. The sales guy said they will give a "great deal" on it but I didn't pursue as I'm not interested in yellow.
Good Luck ----
Keep in mind that you get a sales tax benefit in NJ when you trade in. The sales tax is calculated on the net between the new car purchase price and the trade-in of the old car. In my case I'm looking at around $32K for the new one so I'll only pay tax on the difference (32k less 16k trade equals 16k net, times 7% equals $1120). If I were to sell the car myself I'd have to pay tax on the whole $32K, or about $1100 more. If your car still has decent value the sales tax savings could be significant. Also, by trading you can transfer your current registration to the new car for a small fee (my dealer said about $25) and the registration is valid until the original expiration date. That saves about $250 for me because I bought my car right after McGreevey pushed through the 4-year registration (Nov-04) which costs you $250-300 when you first register.
Finally -- Warnock Ford in Morristown also honors Xplan on all models. They have a leftover 06 GT vert, 5sp, yellow with black top, black interior if that suits anyone. It is a Demo but I don't know how many miles are on it. The sales guy said they will give a "great deal" on it but I didn't pursue as I'm not interested in yellow.
Good Luck ----
I understand what you are saying about the trade in. But I still owe about $7300 on my car and the kbb trade in is approx $7500. Private sale is like $9000 I believe. So even if I trade in, I can't get the tax break because they have to pay off my car with what its worth.
As far as what dealer's I've been to I went to Oasis ford and Loman Ford so far. The latter is the one where he said "around" $27400. I need to have them say this is the price that you'll be at definately before I place my order not you'll be around.
So yeah I need 3 things:
The EXACT price (invoice, x-plan) before I do my order.
Assurance that I can trade my car in for what I have left to pay off or more.
Approval for ford's 5.9% APR upfront.
I just don't want to get the shaft when the car arrives...
8/10/06, 11:36 AM
#42
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What you owe on your car now doesn't matter -- the full value of the trade is deducted from the purchase price of the new car to calculate the sales tax base. So if the new car were 27000 and you get 7000 for a trade you'll pay tax on 20000. It doesn't matter if you still owe $6000 or $8000 or whatever.
I agree, being told a price is "around" some figure doesn't cut it. With X-plan they are supposed to show you the computer print-out which displays MSRP and dealer invoice for each option selected, with X-plan price clearly shown on the bottom. X-plan is slightly below invoice, maybe $100 or so.
I've never dealt with either of the dealers you mentioned so I can't comment. I think of Loman's as more of "highway dealer" which is more high-pressure than a local dealer. In any event I suggest you shop around, and maybe call Warnock and/or Family in Netcong. It never hurts to have more information.
I agree, being told a price is "around" some figure doesn't cut it. With X-plan they are supposed to show you the computer print-out which displays MSRP and dealer invoice for each option selected, with X-plan price clearly shown on the bottom. X-plan is slightly below invoice, maybe $100 or so.
I've never dealt with either of the dealers you mentioned so I can't comment. I think of Loman's as more of "highway dealer" which is more high-pressure than a local dealer. In any event I suggest you shop around, and maybe call Warnock and/or Family in Netcong. It never hurts to have more information.
8/11/06, 04:37 PM
#43
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Originally Posted by zlskrs
What you owe on your car now doesn't matter -- the full value of the trade is deducted from the purchase price of the new car to calculate the sales tax base. So if the new car were 27000 and you get 7000 for a trade you'll pay tax on 20000. It doesn't matter if you still owe $6000 or $8000 or whatever.
8/14/06, 10:52 AM
#45
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Originally Posted by viiStang
Please help me understand, how can it be possible that's true? I'm not denying the validity of this. Lets just say $27000 minus the 7000 is $20000 like you said. I owe that $7000, so wouldn't they just add that $7000 back onto the $20000? I just don't get how since after all is said and done, I'd only be paying tax on $20000 and not the invoice....
btw ... I'm retracting my recommendation of Family Ford. I went in on Sat to place my order. After having everything together I asked the salesman to confirm the $16K value of my trade. Since that is a 3rd car I was going to trade it in immediately and just wait out the 2-3 months til the Stang comes in. This time he came back with $15K, even though I was told $16K a week ago and that was based on my keeping the car until the new one gets in, not giving it to them immediately. I think they were playing tricks the first time -- they told me $16K as long as I didn't damage it or put on a ridiculous number of add'l miles. I'm betting that had I proceeded and shown up in 2-3 months the value of my car would have miraculously fallen by several thousand dollars. Telling them that I wanted to turn it in now called their bluff (although I wasn't trying to do that).
My current plan is to sell my car on my own and order a Stang in a few months. I'm getting a vert so I wouldn't get much use out of it in the NJ winter anyway.
8/17/06, 10:26 PM
#46
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Originally Posted by dly
I beleive to get Ford's top of the line Credit %, you need to be around 700 on your Credit Score.
dly
dly
8/17/06, 10:42 PM
#47
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Credit score has part to do with it, as well as down payment and prior vehicle loans. Unfortunately, thanks to my ex wife, I have a mid to high 600 score only. Yet, I was approved for 0% for 60 months on a brand new Eddie Bauer Explorer a few months back thru Ford credit. I put a strong down payment down and that was a major contributing factor.
8/20/06, 07:21 PM
#51
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Originally Posted by viiStang
Please help me understand, how can it be possible that's true? I'm not denying the validity of this. Lets just say $27000 minus the 7000 is $20000 like you said. I owe that $7000, so wouldn't they just add that $7000 back onto the $20000? I just don't get how since after all is said and done, I'd only be paying tax on $20000 and not the invoice....
8/20/06, 07:39 PM
#52
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I bought mine yesterday msrp was 28,5 and I got invoice - minus 2000 in rebates and payoff on my trade so I am financing a little over 24. I'm happy with it.
It's an 07; I got it today!!
8/22/06, 07:33 AM
#57
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I ordered my '07 GT under X-plan last week. That's a nice way to go - no haggling over price. As for financing, we're waiting to see what Ford says and to hedge that fight, we also are pre-qualifying with our bank. That way, we'll see what the dealership wants to offer for terms and rates. If you are looking for a good deal on the financing side, take in some loan offers from other sources to the dealer.
8/22/06, 10:47 AM
#58
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All 2006 models are available for 0% financing for up to 72 months.
The rate is even good for people with blemished credit that wpould normally get a higher rate.
Starts Thursday through Sept 5th.
The rate is even good for people with blemished credit that wpould normally get a higher rate.
Starts Thursday through Sept 5th.
8/22/06, 04:03 PM
#59
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Originally Posted by ISELLFORD
All 2006 models are available for 0% financing for up to 72 months.
The rate is even good for people with blemished credit that wpould normally get a higher rate.
Starts Thursday through Sept 5th.
The rate is even good for people with blemished credit that wpould normally get a higher rate.
Starts Thursday through Sept 5th.
I could of saved a bunch more if I had waited.
I called the dealership and of course it was too late to do anything about it, just my luck. Oh well I guess I just have to go for a drive that always cheers me up.