Rebate question
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Rebate question
Ford agreed to buy my truck back. Great. Here's what I learned about rebates and maybe many of you know this already. As part of my negotiated purchase price, a $5,000 rebate was included. Now that I want my money back, they're asking for their $5K back plus $3,900 for 13K miles and depreciation. Does this seem right or sound right to you guys?
I guess it is what it is but losing $8,900 in 6 months to get back to no truck sucks.
I guess it is what it is but losing $8,900 in 6 months to get back to no truck sucks.
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Joined: Feb 2004
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From: San Diego, CA.
That Stinks.... 
Did they offer to give you another truck?? I can't believe they would actually get you for that much cash.. Did you use the rebate as part of the down or pocket it?? If anything, they should give you back your cash minus the agreed depreciation. I'm sure those 13K miles weren't all happy ones either..
Good luck,
Russ
Did they offer to give you another truck?? I can't believe they would actually get you for that much cash.. Did you use the rebate as part of the down or pocket it?? If anything, they should give you back your cash minus the agreed depreciation. I'm sure those 13K miles weren't all happy ones either..
Good luck,
Russ
Last edited by FordRuss; May 5, 2004 at 03:10 PM.
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From: San Diego
Rebate
Originally Posted by mbudworth
Ford agreed to buy my truck back. Great. Here's what I learned about rebates and maybe many of you know this already. As part of my negotiated purchase price, a $5,000 rebate was included. Now that I want my money back, they're asking for their $5K back plus $3,900 for 13K miles and depreciation. Does this seem right or sound right to you guys?
I guess it is what it is but losing $8,900 in 6 months to get back to no truck sucks.
I guess it is what it is but losing $8,900 in 6 months to get back to no truck sucks.
That sounds more like a drive through colonoscopy...
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No, I didn't pocket it. It went like this. The sticker was $40.5K. Through their "current sale", they got it down to $37,200. Then, after a Ford rebate incentive of $5000, it got down to $32,200. After TT&L it went to $35K, which is the driveout deal I requested. It's a 2WD CC Lariat w/ captains chairs.
I was listening to the radio here in Houston today and one dealership is offering a $9,000 rebate on SD's. That would be OK if you had the option of pocketing it, but you don't to my knowledge. So you think you're getting $9K off but Ford is really giving you money interest free as long as you don't want to return it. That's how I understand it anyway. Feel free to correct me if that's not how it works. This is my first and last new car purchase. If I take a new Ford truck I don't have to give back the rebate. I was planning on getting my money back and renogiating a new deal or buying a used 7.3 to be safe. Now I'm leaning towards rolling the dice on an '04. I'd just have to pay the difference MSRP to MSRP of my truck to the new one. About $4K coincidentally.
I was listening to the radio here in Houston today and one dealership is offering a $9,000 rebate on SD's. That would be OK if you had the option of pocketing it, but you don't to my knowledge. So you think you're getting $9K off but Ford is really giving you money interest free as long as you don't want to return it. That's how I understand it anyway. Feel free to correct me if that's not how it works. This is my first and last new car purchase. If I take a new Ford truck I don't have to give back the rebate. I was planning on getting my money back and renogiating a new deal or buying a used 7.3 to be safe. Now I'm leaning towards rolling the dice on an '04. I'd just have to pay the difference MSRP to MSRP of my truck to the new one. About $4K coincidentally.
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More Turbo
Joined: Dec 2003
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From: Park County, CO
That sounds right to me. You only paid 35k not 40k for the truck (via the 5k rebate). Your not entitled to 40k back (less depreciation), your only going to get 35k back (less depreciation).
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