Dealer add on prices.
- Thread starter Chris142
- Start date
What you should do is go to a paint shop in your area and ask for a 'scuff and shoot".
The sun aeat are brutal here in Georgia too. I usually get charged about $500 for one, and I probably done around 200 of them.
Just to clarify that $28,000 figure is based on the payment amount multiplied by the payment term which is why I made my comment about not knowing anything about his financing details.
For all we know he could have a 400 credit score and he is dealing with one of those "we can get financing for anyone" type dealerships that charge 20+% interest as a requisite to obtain such financing.
Every single car deal I've ever done is unique and exclusive to the unique and exclusive circumstances, at the time of the deal, pertaining to that unique customer that I'm dealing with. If you just want to look at the price and the payments and try to deduce a conclusion from that alone, you are excluding at least 50% of the variables that reveal the reality of this unique and exclusive circumstance of a deal that exists at this time for this one customer.
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- Jun 2, 2002
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Not the best terms for a used vehicle, that's for certain. Sixteen thousand dollars financed over 6 years at 20% interest will nearly double the price of the vehicle. The simple solution is... DON'T DO IT!
Find affordable financing, put a few thousand down, sell your Jeep privately, deliver pizzas to make the payment... do ANYTHING except take a used vehicle loan at 20%.
Find affordable financing, put a few thousand down, sell your Jeep privately, deliver pizzas to make the payment... do ANYTHING except take a used vehicle loan at 20%.
The interest rate is likely driving that price. They occasionally give you extra high interest rate and split excess over real rate with bank if you bite. Financing a 9 year old vehicle is risk coupled to 72 months is crazy .
Your questions can all be answered by looking at the itemized Bill of Sale or Retail Installment Contract. Let's assume a high doc/admin fee of something really high for a used lot, say $1500; add worst case scenario of 10% in sales tax (depending on state); add something really high such as $1000 in DMV/title fees.....that would add maybe $4100 in fees. So after a $500 trade in you would finance just under $20K (at the high fees I listed). $20k financed for 72 months an 8.9% gets you a total amount paid after 6 years of just under $26K. 8.9% on an extended term for an almost 10 year old vehicle is about average nowadays from most big banks.
I hàve never missed a payment. Should have a very high score
Now you're saying you don't know your credit score?!? Seriously, are you serious? You make a thread about financing a used vehicle and asking everyone to speculate on your behalf as to why the end numbers are what they are and you don't give us anywhere near the full picture (you are the only one that has all this information that you are not disclosing) and then you're like "I don't even know about my credit score!"
You are the next person going on my ignore list.
11%. And no I don't run my credit score. When we bought the FJ they said it was over 700.
740 will get you the best rate. 800+ might get you some perks but not much better. If your in the 700 range it would be worth knowing exactly if your going to finance things - getting it above 740 if your close would be worth while. Most banks offer that service for free now I thought?
I'll give you $500 for your jeep
I'll offer $501
I recently bought a 2018 Jeep Wrangler for one of my customers. It took a few weeks, but we found an excellent one that hit his bullseye after going through over a half-dozen that were riddled with rust, frame damage,.and substandard repair issues.
You can find images of the Jeep he bought and his review at the bottom of this thread.
You can also find the details of the car buying process here. No bogus dealer fees and you control the car buying process from beginning to end.
You can find images of the Jeep he bought and his review at the bottom of this thread.
You can also find the details of the car buying process here. No bogus dealer fees and you control the car buying process from beginning to end.
That is the used-car market these days, just the reality of it if you have to finance a car.
I’ve been poking around a bit bc my G5 is on its last legs, but I’m in the same boat as you, going to be financing an 8-9 year old vehicle for 5-6 years just to have something to drive to work.
But…you have the advantage of a rust-free vehicle. No matter how old it is, you can ‘keep it together’…I’d keep your Jeep, it’s done right by you!
I’ve been poking around a bit bc my G5 is on its last legs, but I’m in the same boat as you, going to be financing an 8-9 year old vehicle for 5-6 years just to have something to drive to work.
But…you have the advantage of a rust-free vehicle. No matter how old it is, you can ‘keep it together’…I’d keep your Jeep, it’s done right by you!
Wasn’t getting water at your place a bit of a financial stress? Don’t buy a well used vehicle when you already have one that works just fine.
True. But the jeep is useless for carrying anything at all. I really need a small truck.
You ever try to get a 75lb bag of chicken scratch out of the rear seat of a jeep?
I don't know. I don't finance stuff very often. Other than that I've never checked it. Don't feel a need to. Paid off the fj years ago and that was the last thing I financed.
