Topic: What Am I Missing?

[Donnie1]

So yesterday I take Gina up to the city for a Dr.'s appt. I have been trying to talk her into trading the Av for a new for a while now. I am also thinking of selling my car so we can liquidate and sell our house a little cheaper to get into the country.

Now my confusion, we stopped by the dealer just to "look". They had a leftover 2010 Pearl White LTZ with 22's. They also had a black 2011 LTZ completely loaded to the gills. We start talking reasons for trading and they look at my 300C. He comes back with a payment of over $900. I said hell no, why would I pay that for a payment? He says you already are paying more per month now. And I said yeah, for 2 very nice vehicles, why would I pay that for 1? I said I don't want to go over $700, we are paying $663 for the Av and $381 for my carand about $90 a month in ins for the two.

Long story short, they eventually come back with in the $690's for the black 2011 LTZ. Gina gets pissed and walks out. I don't understand why and she says she doesn't want more payments. I said think about it, trading in both vehicles, you will be getting a brand new Av and we will be saving over $400 a month.

Can she that attached that she doesn't want to part with her 06 Av with almost 100k miles? I just don't get it.

Sorry for the rant.

[Ski Edition]

   Donnie you should know by now that you need wait a few minutes, hours, days and they always change their minds!!   

[oHIobellboy]

You might be saving the cash in the long run but then you need to spend a chunk on a beater for you unless you can ride the bike year round.
Sounds like the dealer is not wanting to give you  anything for either car and keep you paying what you're paying now for one vehicle. If she doesn't want a new one and you're close to having the 06 paid off, keep it.
I know you want to get more equity in the house to sell and move out of town but if you can just hold off til the Avy's paid off and keep it a few more years, that's a big chunk of income every month to put on that house.
Just my

We really need to remodel our kitchen here but I'm not about to spend that kind of $$ with a couple of kids still here that don't want to pitch in and help with the chores even though they're both out of school and not working at the moment. (the boys are who I'm referring to)

[Donnie1]

You might be saving the cash in the long run but then you need to spend a chunk on a beater for you unless you can ride the bike year round.
Sounds like the dealer is not wanting to give you  anything for either car and keep you paying what you're paying now for one vehicle. If she doesn't want a new one and you're close to having the 06 paid off, keep it.
I know you want to get more equity in the house to sell and move out of town but if you can just hold off til the Avy's paid off and keep it a few more years, that's a big chunk of income every month to put on that house.
Just my

We really need to remodel our kitchen here but I'm not about to spend that kind of $$ with a couple of kids still here that don't want to pitch in and help with the chores even though they're both out of school and not working at the moment. (the boys are who I'm referring to)

I do have a beater to drive, remember the Furd I bought a few months back? I also got them down to $690's for the payment so they came up on trade in's on both and added some for a military discount.

Oh, and I sold the bike a few weeks ago. Hadn't rode since June because of the shock so I at the moment I really am not missing it, too much anyway.

We only owe about $13 on the Av which is alot lower than I thought. And wasn't really looking to get more equity in the house, just to be able to lower the price some and break even at least. We have someone interested in the house but they have to sell theirs first as well.

I was also looking at the fact of a brand new fully loaded Av for dang near what we are paying now for just the Av. I have basically faced the fact that I will always have a car payment, we put too many miles on them in a yrs time to really make anything off them.

[Enkei]

I think she wants what every WIFE wants....  NO MORE PAYMENTS!!!!  Don't we all....   

[oHIobellboy]

Oh one more thing Donnie. You know how the saying goes about if the lil woman ain't happy, THEN NOBODY'S HAPPY   

[BooomerX]

$210 difference in the first payment to next offer was a lot. I'd be checking if they did the bait and switch on the loan length.

[trAVelingman]

$210 difference in the first payment to next offer was a lot. I'd be checking if they did the bait and switch on the loan length.

Very typical of car dealers.  They quote you an exhirbitantly high payment to start out that is mathematically impossible, then they come down to a somewhat reasonable amount.  They do that to make the uneducated think that they have come way down in the price, when in fact it is only a starting point for negotiations.  I NEVER deal with payments during the negotiations.  Always deal with what they want for theirs, what you want for yours, negotiate on both, then add in your payoff and the payment will be what it is, typically much lower than even the lower payment quoted.  Mention that you'll do your own financing away from the dealer and they'll negotiate a better finance deal as well since they get a cut from the finance company.  Sounds to me Donnie that your just giving them your 2 vehicles and not getting any equity out of either one if them.  Gina probably saved you several thousand dollars by walking away.


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[Intimidatoruag]

think of it this way ..

they want you to pay $690 a month ... x 12 x 5 = 41,400 or 690 x 12 x 6 = 49680 ....

so if the 300c is paid off ... I guesses on the year '06 mileage (55k) went with the basics on the car and came out to 14,950 on trade ....

now on the Av 2006 ...4x4 lt 60k with the basics .... in excellent condition it comes in at 17,225 at kbb.com ....

so the math or some of it .... new truck if loaded LTZ runs about 54k ....

so 54k + 13k (what you owe on the truck) = 67k - 15k for the Car (if I have the stuff correct on it) - 17k for the truck = 35k + tax(2275 @6.5 + title + insurance = so lets say you will finance 38k (this is also without looking up if there is any money off right now) .... so either I don't have the car listed correctly or they are not giving you squat for the truck ... the values I have listed for the truck and car are "trade-in" values .....

I think you are getting screwed ....

I'm with trav ... I get GM discount so I cannot change the cost of the vehicle but I can get more out of my trade (usually I get less because I'm getting a better deal on the new vehicle) ....\

hope this helps ....

John

[Richie_Rich]

I personally don't mind having slightly older vehicles and no payments.
We put up with trying to get cheaper cars and low car payments and a 15 year mortgage for years until our house was only about 5 years from being paid off. We refinanced at a lower interest rate for 15 years and paid off the cars.
Not having car payments is so much less stress.
I agree with OBB.

If you are trying to free up some cash flow, put one of the vehicles up for sale and allow enough time for the right buyer. It may take a month, two or three. When I just sold my Conquest, I was not patient enough and let it go too cheap. I'm not sure if there is an actual figure out there, but it looks like many cars sit on the lot for at least a month before they are sold.