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Car Dealer questions...

C

Casey in Ky

Member
Does anybody know anything about Community Ford in Mooresville, In....just out side of Indy?? Trying to figure why a truck that books for over $12,000 is "on sale" for $7900....
 
Well times are tough and they may NEED to sell some stuff.
Try to find out for sure it wasn't a flood car or something like that or a lemon buy back.
 
There's probably about 30 reasons, one big one is which book says 12 grand. Many lenders today will not allow an "average" buyer to borrow more than 120%of NADA trade value. If it is higher miles or poorer condition or just a very basic truck, the trade value is not very much. I'd look very close at the condition and options that the truck has and visit the NADA website. Then offer them considerably less money if you want to buy. If they want to sell, they'll counter offer you and away you go!
 
Well...it's a 3 owner. I talked to the previous owner, well, the dealer gave me a cell number to guy. He said he only owned the truck for about 9000 miles, bought it for his landscaping company, and that his wife made him sell it. Might be the truth, just seemed odd. If they don't sell it before I can get to see it it's bought, as long as it's straight. Just hate to drive 4 or 5 hours just to find it's not what they say it is....
 
Keep in mind, if it sounds too good to be true, it probably is. If a ford truck changes hands 3 times before it looses value, there's got to be more of a reason than wife said to.


Dave
 
As a general rule these days it seems, the NADA book is about as useful as a cheap rag from the newsstand. The asked selling price of vehicle on a used car lot is at least 100% more than the dealer has invested, hence if the price is $12,000 the dealer likely payed around $6,000 for it. As such there is a lot of room to manuver on his part and he sure won't sell at a loss. Depending on his financial situation and how badly he needs to turn stock determines how good a 'deal' you will get. Cash in hand and no trade will give you the best deal. Be 'interested' but not enthusiastic and be prepared to just walk away. If you really have to have THAT vehicle the ball is in his court, if your passively looking and aware that there are literally MILLIONS of good vehicles out there looking for a good home, the ball is in your court.
 
If its the harvest gold Super Duty I can see why the asking price. It needs the right box side and bumper replaced. A quick estimate comes up with around $2500 worth of repairs. That's figuring the box side with labor, paint and a new bumper.
Its got 126,000 miles, might need another $1500 worth of ball joint work in the front end. Very common on Super Duty's.
They know it needs work but would rather dump it than put the needed repairs into it.
With the economy is on the tank, trucks don't hold value like they used to.
 
Take the VIN number and have a local Ford dealer run it for you and see if it was a lemon buy back or full of warranty claims or anything wierd pop up.
 
Also take the VIN and run it through one of the services like CARFAX to see if it has been wrecked and how badly.

slim
 
Old car dealer story comes to mind. It's a one owner truck...one owner at a time!

Always look for a vehicle that will not need heart surgery before you get it home. Dirty interior walk away no up keep good rule of thumb. One that is mucked up and exterior damaged has had a hard life. Condition, condition is where to start. CHEAP is not better for extended use.

Tires alone will take a big bite out of the next pay day or more.
 
Also take the VIN and run it through one of the services like CARFAX to see if it has been wrecked and how badly.

slim
 
If Ford buys back a "lemon", it is in Ford's terminology, a "reacquired vehicle" and will have a sticker in the door, and you will be required to sign documents describing the reason for the buyback, including every complaint the previous owner had and everything Ford did to the vehicle. I bought one over a year ago, the price was fantastic, and the bumper to bumper warranty was a plus. Best part is, absolutely no problems with the truck whatsoever-has never been back to the dealer. Hands down the best truck deal I have ever gotten. Essentially a half price truck.
 
What they all said! Next thing that comes to mind is when are people going to wake up and reallize that all the "GOOD" vehicles on the market are still owned by private owners who will at least be able AND willing to tell you the whole story of it's life. Deallers usually cant'/won't tell you anything accept "we bought it at a FOMOCO authorized auction so it must be good" lies. GOOD USED VEHICLES NEVER HAVE TO GO TO AUCTIONS!!! They are there for a reason and they get bounced around from dealer to dealer until one of them finds a sucker to buy it. QUIT shopping at dealers if you want a good vehicle at a good price with some history. Worked for many through the years , seen all the tricks. We are all paying for some of them as we speak!A 100% honest car dealer won't make it 6 mos. Rule is, sell your concience first then you can sell cars for a living.
 
Casey, Car dealer usually has you call previous owner, which actually is his buddy. Call him back and try to trick him. Bet he will tell you a lie real quick. Done this several times and always caught the liar. Car dealer is sorta like vegas-take your chances. Dave
 
Last truck I bought from a dealer I was shown the title for one owner proff. Went to the guys address on the title and all checked out. Ask to see the traded title for vehicle. I they refuse walk this one is not for you.

Every new vehicle sent to a dealership from the factory comes a manufactures title. Seen several. Asked to see it if the new car sale looks ifffyyy. No new factory title walk. Shows the VIN number. Match it to vehicle in question. This title is sent off when sale is made to state for your tritle.

Best trap is your own mouth--just what do you want to spend or what monthly payments can you make is the openning statement.
 
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