Quote:
Originally Posted by Indy-Guy
What makes you think this is a bad car deal. I would ask you to look at Kelley Blue Book - New and Used Car Price Values, Expert Car Reviews there are 8 different models of this car. In a previous post I asked about the car I failed to ask what model. My mistake. As you can see there are many things to look at before you judge.
We don't even know what state the purchase was in. So calling an Orlando TV station would be a waist of time if this did not occur in Orlando. Using the average model of the car the price is inline.
I do have a problem with the $800.00 add on. That seems to be the normal way of doing business today even though as a retired car guy I don't agree with it. That is the reason that the customer should always negotiate an out the door price or a price plus sales tax only price. Let the dealer work out the bottom line.
As for the $1,800 extended service policy that would depend on exactly what we are talking about. That is a whole other can of worms.
1. As stated a service policy could mean maintenance on the car. Or does it insure's the repairs on the car?
2. Could be a mechanical breakdown policy. Which with the car having only 22,000 miles the main question is who is backing the policy. If General Motors is backing the policy he should keep the policy. If it is from anyone else in most cases it is not worth the paper it is written on.
The $1,800.00 maintenance or service agreement figures out to $300 yearly plus interest. Based on the 6 year finance agreement. |
Indy Guy: Seller buyer having the same information and coming to an agreement defines the value. This buyer needs to read The Art of the Deal because as described and that's all we can go by he was way over his head; albeit the seller has an ethical obligation not to misrepresent.
another feature of this entire issue is that the value of a vehicle has different measurements of value from the prospective of a dealership, customer, bank, insurance company and private buyer once the car has left the lot. They all are right in their own regard. finally the years in my business taught me that the car businesses (dealerships, repair/service shops etc) that stay in business are those that are ethical and stand by their products