I lost it.
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Junior User
Joined: Jan 2005
Posts: 96
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From: Rochester Hills Michigan
I lost it.
Well I just got back from teh dealership, and I do not own a truck. I was getting ready to purchase a 2004 7.3 F250 Supercab Long Box FX4. Everything looked goo, I found a few minor things (alingment, stuck locker) that was agreed to be fixed. Ther were asking 25K. I walked out the door at 22,500 plus tax because they didnt like it. My mistake, or did I do the right thing?
Postmaster
Joined: Dec 2003
Posts: 3,130
Likes: 3
From: Massachusetts
What year is it? Last year for the 7.3 was the first half of 2003.
Wait tot he end of the month. Amazing what happens on the last day of the month. They are going better monthly numbers.
Used vehicles are a different beast. You never know what the particulars are with each vehicle. For example, what did they give for trade it? Maybe they got it at auction? How much recondidtioning? And at what cost? How much dealer prep involved? Each vehicle is different to what the dealer cost was.
Wait tot he end of the month. Amazing what happens on the last day of the month. They are going better monthly numbers.
Used vehicles are a different beast. You never know what the particulars are with each vehicle. For example, what did they give for trade it? Maybe they got it at auction? How much recondidtioning? And at what cost? How much dealer prep involved? Each vehicle is different to what the dealer cost was.
Thread Starter
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Junior User
Joined: Jan 2005
Posts: 96
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From: Rochester Hills Michigan
Typo on my part. Its a 2003 with a build date of 11/02. When I first looked at the truck it had a few minor things wrong, the alingment was off, the hubs to lock the 4 wheel drive were frozen and there was a trans oil leak by the radiator. I got him to replace the lockers, give it an alignment and fix the leak. I went in with this mindset that if I offered him something that I thought was good (to me) and if he didnt take it I could just walk away and he would call me back and want to take it. Well that didnt work, by the way this is my first time buying from a dealer or making a deal for that matter. I told him I couldnt go over 22,500 plus tax......came out to 23,800. He said no and offered me 23,800 plus tax which came to 25,300.
So I left the dealer after saying no, but Im starting to regret it. I can afford 25K, that is what I have saved up and Im sure I can borrow 300 from someone. So heres my question, do I call him back tomorow and take his offer at 25? or do I not do anything and hope that he calls me back. Sorry for rambeling for so long, I just dont know what to do and I really want this truck.
So I left the dealer after saying no, but Im starting to regret it. I can afford 25K, that is what I have saved up and Im sure I can borrow 300 from someone. So heres my question, do I call him back tomorow and take his offer at 25? or do I not do anything and hope that he calls me back. Sorry for rambeling for so long, I just dont know what to do and I really want this truck.
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Junior User
Joined: Jan 2005
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From: Rochester Hills Michigan
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Posting Guru
Joined: Apr 2005
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From: Hawkeye Country
. I can afford 25K, that is what I have saved up and Im sure I can borrow 300 from someone. So heres my question, do I call him back tomorow and take his offer at 25? or do I not do anything and hope that he calls me back. Sorry for rambeling for so long, I just dont know what to do and I really want this truck.[/QUOTE]
am i understanding this right, you have 25,000 dollars saved up, so your not financing at all. i will bet if youd walk in there with cash he'd change his mind.
am i understanding this right, you have 25,000 dollars saved up, so your not financing at all. i will bet if youd walk in there with cash he'd change his mind.
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Post Fiend
Joined: Feb 2003
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From: Eastern WA
Have you researched the price on kbb.com, nada.com, and local pubs? This is the best way to determine if your offer is in line. Then of course is the issue of how much the dealer is into it, but you'll never know what that secret number is. As for paying cash, it might seem like they would jump but actually it doesn't matter as much as one may think. Reason is, if someone can't afford to pay cash and instead finances it, the dealer get's the money that way, no biggie. Unless of course the buyer is a deadbeat with lousy credit, in which case a salesman wasted his time.
Last edited by CowboyBilly9Mile; Feb 15, 2006 at 10:00 PM.
Thread Starter
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Junior User
Joined: Jan 2005
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From: Rochester Hills Michigan
Its all cash, no financing. I told the dealer this and it didnt even fase him. I thought for sure that it would help me out a bit, but I guess not. 
What do you think though, Did I make the right choice by walking out, or should I call him back in a few days and offer him all of my 25?
What do you think though, Did I make the right choice by walking out, or should I call him back in a few days and offer him all of my 25?
Posting Guru
Joined: Jul 2003
Posts: 1,978
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From: Alvin, Texas.
If the offer wasn't good enough for (drum roll, please) YOU, why sweat it?
Just looking at carbuyingtips.com, the used car buying section of course, I see this tidbit:
Haggling Tip Of The Century
My friend Jerry, when buying his used Lexus RX300, the dealer quoted $26,999. He showed up with a bank draft for $400 less. The dealer accepted, as he was not about to let it slip away. Jerry's mom bought a used Mercedes CLK320, the dealer said $49,600 was their "rock bottom price". She showed up with $48,500 and the dealer took it.
Darn, I wonder if that site got bought up by Carfax....I don't remember it being like that.
Just looking at carbuyingtips.com, the used car buying section of course, I see this tidbit:
Haggling Tip Of The Century
My friend Jerry, when buying his used Lexus RX300, the dealer quoted $26,999. He showed up with a bank draft for $400 less. The dealer accepted, as he was not about to let it slip away. Jerry's mom bought a used Mercedes CLK320, the dealer said $49,600 was their "rock bottom price". She showed up with $48,500 and the dealer took it.
Darn, I wonder if that site got bought up by Carfax....I don't remember it being like that.
Post Fiend
Joined: Feb 2004
Posts: 10,728
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From: Damascus-Boring, Ore
Stoopid question- was your first offer also your final offer? Some sales managers will walk an offer if there isn't a bump along the way somewhere. Don't ask why- somebody held a seminar once and said the customer will always bump off of the initial offer.
Her's a suggestion- go back, get the salesman and the sales mangler. sounds like you guys are $1300 apart. Ask where in the middle you all can meet, make a deal, and go on with your lives. Have a cup of coffee, stay relaxed, and for emphasis sake put your checkbook on the desk and leave it there through the negotiations. It implies something very powerful to the sales guys- you're ready, willing, and able- if they are.
Her's a suggestion- go back, get the salesman and the sales mangler. sounds like you guys are $1300 apart. Ask where in the middle you all can meet, make a deal, and go on with your lives. Have a cup of coffee, stay relaxed, and for emphasis sake put your checkbook on the desk and leave it there through the negotiations. It implies something very powerful to the sales guys- you're ready, willing, and able- if they are.