Not familiar with car sales tactics from this era, enlighten me please.

[R18Civic]

Anand I just found out this car is certified pre owned.

 

[Nukeman7]

Post deleted.

 

[R18Civic]

If this is the Malibu you are looking to buy, I'd suggest looking elsewhere based upon the CARFAX history report. Also, it is not a GM CPO vehicle as we typically understand it. It's just used car "dealer-speak" on the license plate which probably means 30 days of "limited" coverage on some of the powertrain components.

View attachment 248440

2018 Malibu CARFAX History
If this is not the correct vehicle, please ignore my post.

I'm getting a 2019. 7% interest, 186 a mo for 60 months and the warranty is 6mos/100000k miles.

 

[LDB]

I'm getting a 2019. 7% interest, 186 a mo for 60 months and the warranty is 6mos/100000k miles.

How many miles? What trim level? Posing an LT with 80k miles to KBB suggests about a $12k car so if it is a small down payment it may be a good deal but those variables weigh heavily.

 

[R18Civic]

69k miles but I only drive 10-12k a year. 2019 LT. 10k down payment.

 

[LDB]

69k miles but I only drive 10-12k a year. 2019 LT. 10k down payment.

$186 for 60 mo. is ~$11k plus $10k down is $21k total for a car KBB values at $14k. Way too high it seems, unless there are numerous high value options unknown and even then it's still too high. IBTDT where the itch to buy a new car, any new car, was very strong. Sounds like it's hitting you. If you can't put it off at least hold it back until you can find one that's fairly priced.

 

[KrisZ]

69k miles but I only drive 10-12k a year. 2019 LT. 10k down payment.

So $20k for a 5 year old vehicle with almost no warranty. Not sure how you see this being a good deal, but to me it is not. That car is $15k OTD

 

[R18Civic]

The 20k include taxes title and fees plus license plates. I'm getting the vibe that people don't like the fact that the dealer must make a profit.

My mind is pretty much set. Picking it up in 20 mins.

 

[LDB]

The dealer should definitely make a profit. But you seem bitten by the I'm going to buy a car, some car, any car, right now bug which I know too well personally. KBB says that's a $14k car. 6.25% sales tax, Texas rate, $875. Title, plates, doc fee, transfer fee, bs fee, other bs fee $625. That's $1500 so $15,500 OTD. You said a huge $10k down. That works out at 7% to about $117 a month for 60 months, not $186. You are heck bent to go buy something and they are taking you to the cleaners.

 

[R18Civic]

I've got the money, and now the car. I appreciate you trying to help but I can handle my own finances. The hardest part was dealing with the reception at my state farm agents office. No clue what she was trying to do but I switched over to progressive. My quote was 235 monthly, ended up almost costing me 400 the first month and 280 a month after that.

And talking about markup carvana and carmax are much worse so I'm not going to sweat it..

 

[R18Civic]

Oh and also, I know it's a pita to get them to honor this but I also have a limited powertrain warranty for life. I also have gap insurance.

 

[Hootbro]

Oh and also, I know it's a pita to get them to honor this but I also have a limited powertrain warranty for life. I also have gap insurance.

Yeah, those dealer powertrain warranties are written on toilet paper when it comes time to make them honor it. Usually there is clauses that you will have ALL vehicle servicing both scheduled and non scheduled work done with that dealer and many times on a shorten schedule they deem and not what is in the owner's manual. So when it comes to a really big ticket item, they are going to find an out to not honor it.