Price for 2008 Camry SE

[jmargel]

Went into my local dealership, for a 2008 0 miles, Camry SE with JBL/Sunroof, 4-cyl after discounts and rebates he quoted me $21,800, giving me $8700 for my 2004 Mazda 6i (I owe $6000 on it).

The $21,800 is w/o tax, tags, etc.. After all said and done I would be fiancing $19,950.

Used ones are hard to come by, and really not much cheaper. You guys think this is a good price? You think I could get him to go $18k out the door price?

[the critic]

That price is pretty much the published invoice minus the current $700 rebate. It's a good (not great) price, but I think it's possible for you to get another $500 off.

I'm not understanding your math here...how did you arrive at the 19,950 figure for financing?

[njerald]

Sounds high to me.

Here's one like the one you are looking at but has Stability Control, Spoiler and mats for $200 more than your quote:

http://fitzmall.com/carfind/resultsb...008&mk_code=TO

[sky03]

20k OTD with a trade in? thats a ripoff

try to sell ur mazda 6 at carmax

[gdanaher]

How does anyone manage to owe 6 grand on a 4 year old car?

[sky03]

Originally Posted by gdanaher

How does anyone manage to owe 6 grand on a 4 year old car?

could be used or 72 months?

[Tobeit]

Originally Posted by sky03

could be used or 72 months?

To your post1 - I think he mentioned the price before subtracting the trade in. Also, don't judge people on their financing and finances....especially if many here on TN did not have to pay for their car but got it from mom and dad handed ....

[Tobeit]

BTW, financing is not a sign of not having money, trust me, I have been around the block a while .... Imagine you have 30k cash and enough income to pay for a loan...I buy the car on loan for a 4-6% rate, which is typical, and invest the cash in a diversified portfolio, which yields 10%+ return....

[white07cam]

Originally Posted by Tobeit

....especially if many here on TN did not have to pay for their car but got it from mom and dad handed ....

Ooooooooh.. but, if my parents had wanted to given me a car, I would take it..

Its good to have something that i have ( or am currently) payed for though

[jmargel]

I bought my Mazda6i, used at 35,000 miles, paid around $14,500, I put alot down so my loan was only for like $7500. I wanted a low monthly payment.

This is how he broke it down:

Total Retail Value: 25,889.00
Discount: 3,089.00
Rebate: 1,000.00
Selling Price: 21,800.00

Trade Allowance: 8,700.00
Trade Difference: 13,100.00

Sales Tax: $786.00 (6% in PA)
Doc Fee: $55.00
Registration: $36.00
Other Fees: $27.50
Waste Tire Management Fee: $5.00

Subtotal: $14,004.50
Pay-Off Of Trade: $5,949.00

Total Cash Due: $19,958.50

I would be fiancing $19,958.50. So you think I could get it lower than this?

[Tobeit]

Originally Posted by jmargel

I bought my Mazda6i, used at 35,000 miles, paid around $14,500, I put alot down so my loan was only for like $7500. I wanted a low monthly payment.

This is how he broke it down:

Total Retail Value: 25,889.00
Discount: 3,089.00
Rebate: 1,000.00
Selling Price: 21,800.00

Trade Allowance: 8,700.00
Trade Difference: 13,100.00

Sales Tax: $786.00 (6% in PA)
Doc Fee: $55.00
Registration: $36.00
Other Fees: $27.50
Waste Tire Management Fee: $5.00

Subtotal: $14,004.50
Pay-Off Of Trade: $5,949.00

Total Cash Due: $19,958.50

I would be fiancing $19,958.50. So you think I could get it lower than this?

I would think you can try to negotiate for a couple 100's on the sale, not sure the value of your trade-in as it really depends on condition...but you are not miles off the target. Decide what you feel comfortable with and don't listen too much to others though.

[Tobeit]

Originally Posted by white07cam

Ooooooooh.. but, if my parents had wanted to given me a car, I would take it..

Its good to have something that i have ( or am currently) payed for though

Sure, all of us would take it - no brainer, duh. Same for having it paid off etc. But I don't judge others on their (long) financing options no matter how my financial position is. Many here on TN are too young to know how difficult finances become when you have family with kids, house, college to pay off, medical, day care and whatever....

[sky03]

Originally Posted by Tobeit

To your post1 - I think he mentioned the price before subtracting the trade in. Also, don't judge people on their financing and finances....especially if many here on TN did not have to pay for their car but got it from mom and dad handed ....

i just said the car could be used or 72 months... how is having 72 months to pay off ur car a bad thing?

its funny how u jumped on me when the other guy said "How does anyone manage to owe 6 grand on a 4 year old car?" and i was just sayin the possibilities
im not here to put anyone down, i dont care if his car is used or financed for along time

to jmargel: u should take ur car to carmax and see how much theyll give u, usually theyll give u a better offer for ur car than the dealers

[njerald]

Originally Posted by sky03

i just said the car could be used or 72 months... how is having 72 months to pay off ur car a bad thing?

Amazing.

[Tobeit]

Originally Posted by sky03

its funny how u jumped on me when the other guy said "How does anyone manage to owe 6 grand on a 4 year old car?" and i was just sayin the possibilities
im not here to put anyone down, i dont care if his car is used or financed for along time

Apology - did not mean to jump on you but make a general comment to the impression on that forum that people with long loan financing have problems (like post from gdanaher). Again, sorry, did not mean to single you out and should have included his post as reference. I admire people who have not much money and still manage to take core of their live and have some left to mod cars. when I was in that situation - I was not that wise.