Such a deal! (not)
We got a promotional flier in the mail yesterday from the dealer that we bought our 2015 from. At the top, it lists the pertinent details of our 2015 F-150 supercrew. In the middle, it lists the details or the more-or-less equivalent 2018 model (yes, last year's truck).
At the bottom, it says "Only $547 for 84 months." Wha ?!?! That comes to just under $46,000 ($45,948). That has got to be a mistake. |
Which model? It would be high for an XLT, but not for a well equipped Lariat, or Platinum and a GREAT price for a 2018 King Ranch.
Plus, at an interest rate of 3.39% the principle loan balance would be $41k |
How does that value my 3-year-old XLT? Seems like almost nothing. I could practically walk on the lot and pay about that much with no trade at all. Am I missing something here?
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If it's a $50k XLT, this is actually a pretty good deal with no trade-in. See if you can get them to do that.
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Most of the time those deals are based on a down payment of x amount of dollars in the fine print. Depending on what x equals, it may or may not be a good deal. But I would imagine most 2018's left on dealer lots are being marked down significantly. One local dealer has over 30 2018 SuperCrew XL's on their lot. I think they would somebody a heck of a deal if they didn't need a lot of bells and whistles.
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Originally Posted by GlueGuy
(Post 18433798)
How does that value my 3-year-old XLT? Seems like almost nothing. I could practically walk on the lot and pay about that much with no trade at all. Am I missing something here?
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Originally Posted by xzsbkn
(Post 18434068)
Oh - you think the flyer meant if you traded in your 2015, you could get a 2018 for only $542/month. I don't think the price included your trade in. I think that price is for a 2018 with minimal (or nothing) down or traded in.
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Those are total bait and switch ads. The guy I bought my truck from is a friend from Church and he entered my Explorer into their system while we waited for my truck to arrive from the factory. The week my truck arrived, I got an ad in the mail saying “We need your Explorer!”. When I told my friend about it, he just laughed. They had a bunch of used Explorers on the lot already. Eighty-four months for an auto loan? Last time we saw stupid loans like that we were a short time away from the last economic crash. I remember seeing boats that listed for about $80k being sold on 144 month loans. To this day, I want to smack a Salesperson that says “Don’t worry, we’ll get the monthly payment to something you’ll like...” |
One must also consider that they are factoring in FMC financing at a higher rate than anyone with any sense would agree to.
When my truck was in recently getting a O2 sensor replaced, I got the exact same thing on my front seat. Same payment as I had two years ago when I paid my truck off but no where did it mention an offer for my truck. Needless to say, I spit that hook out real quick! |
In general, the prices on every truck/suv/car has gotten out of hand. I have a real good job, so does my wife, but......I refuse to pay $50-60k for something that will be worth $25k in 4 years. Maybe I'm just getting old and losing touch with "reality". I have been browsing various car shopping sites and finding some nice, cream puff trucks that are 10 years old with low miles for $15k. As the price of comparable new trucks continues to the next stratosphere, I figure a $15k truck will never depreciate....:-X24
It's easy to sit here and see company's like Ford in a mad rush to make the next super lucrative high profit truck/suv and then fall flat on their face when, not if, the next recession happens. Wash, rinse and repeat. That's the American automakers motto. |
I guess my point is that for this to have been even a little bit enticing, they would have spit-balled the value of my 2015 and factored that into the proposed monthly. An estimated payment in the neighborhood of $250 might have gotten me to look twice before I shredded it.
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