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Message
Calling Car Salesmen...
Posted on 5/7/13 at 2:51 pm
Posted on 5/7/13 at 2:51 pm
Just bought a 2013 RWD Nissan Armada Platinum Reserve for the wife. Captain's chairs, splash guards, wheel locks, and cargo mat were only options. Price out of the door: $46,175.
Traded in 2009 Honda Pilot RWD EX-L w/Nav with 65,550 miles in very good condition: $18,750.
How do those numbers sound to you? Good deal on new? old? overall value of deal?
Financing was through USAA @ 2.25% for 48 mo. No add ons purchased from dealer.
Traded in 2009 Honda Pilot RWD EX-L w/Nav with 65,550 miles in very good condition: $18,750.
How do those numbers sound to you? Good deal on new? old? overall value of deal?
Financing was through USAA @ 2.25% for 48 mo. No add ons purchased from dealer.
6
Posted on 5/7/13 at 2:56 pm to Rick Rickles
quote:
$46,175.
Christ, sounds good if you make a lot of $.
How much take home do you have?
Posted on 5/7/13 at 3:22 pm to wegotdatwood
Gonna pay interest on $46, 175 for something that is now
Worth $33, 000 and going down in value daily. Good deal? I'd say no
Worth $33, 000 and going down in value daily. Good deal? I'd say no
Posted on 5/7/13 at 3:25 pm to Vols&Shaft83
If he is changing cas often sure, but what if he keeps the car for 10 years?
Posted on 5/7/13 at 3:36 pm to TheDiesel
Well he traded in a 2009 
Posted on 5/7/13 at 3:40 pm to Rick Rickles
Have fun with that gas mileage on the Armada. Those things are tanks
Posted on 5/7/13 at 3:44 pm to Rick Rickles
Run the numbers in Edmunds and KBB. That will be more accurate than anything any of us can tell you about FMV of the cars.
You evidently put a lot of value in the enjoyment a new car brings if you are willing to trade in a 2009 car in "very good condition" and take out a loan on a new 46k car. Whether that part is a "good deal" only you can decide.
You evidently put a lot of value in the enjoyment a new car brings if you are willing to trade in a 2009 car in "very good condition" and take out a loan on a new 46k car. Whether that part is a "good deal" only you can decide.
Posted on 5/7/13 at 9:08 pm to TheDiesel
quote:
but what if he keeps the car for 10 years?
Not going to happen. Still wouldn't drop damn near 50k on a vehicle.
This post was edited on 5/7/13 at 9:26 pm
Posted on 5/7/13 at 9:11 pm to Rick Rickles
Sounds like a pretty bad deal to me.
Posted on 5/7/13 at 9:51 pm to wegotdatwood
quote:
Not going to happen. Still wouldn't drop damn near 50k on a Nissan .
Fify
Posted on 5/7/13 at 10:19 pm to Rick Rickles
quote:
How do those numbers sound to you? Good deal on new? old? overall value of deal?
quote:
“The worst vehicle accidents happen on a show room floor.” – Dave Ramsey.
Posted on 5/7/13 at 11:36 pm to Will Cover
quote:
Gonna pay interest on $46, 175 for something that is now
Worth $33, 000 and going down in value daily. Good deal? I'd say no
Cost and worth are very different things. Sure, the thing cost 46K, but kbb and edmunds say that the average "low" price is 48K, and even that is below market. I wanted to make sure that my "cost" was fair on the Armada.
Additionally, I wanted to make sure that I got a good "cost" on the Pilot. Overall, I think I did exceptionally well on the Armada price, slightly poor on the Pilot price, and very well on the overall deal. Financing was independent of dealer. The only thing I would change is that I would have shopped the trade to other dealers to get a better cost, once they had agreed to the sale price of the Armada, but I'm currently in Afghanistan and didn't want to put my wife through all that hassle.
The "worth" of a new car is high to me. I enjoy the new shiny look, feel and smell. I have a solid Federal job with solid pay, and can afford it. So, who cares if I spend big bucks on a rapidly depreciating asset? I don't. I have zero credit card debt, solid savings and retirement, and a healthy portfolio. Some people choose to be thrifty savers, I like to splurge here and there.
Posted on 5/8/13 at 12:09 am to Rick Rickles
I would have splurged on something nicer than a nissan. You ciuld have gotten a two year old porsche called cayenne for thst price detailed it and got the same shiny car feel
Posted on 5/8/13 at 6:37 am to Will Cover
quote:
“The worst vehicle accidents happen on a show room floor.” – Dave Ramsey.
^This
Posted on 5/8/13 at 7:02 am to kywildcatfanone
Rate looks a little a high. Should be somewhere under 2 and closer to 1 on a new vehicle with excellent credit. 1 point when you are financing a significant amount of money can mean the difference of a few thousand dollars. Just remember, a good deal is all a state of mind.
Disclaimer: I'm in finance.
Disclaimer: I'm in finance.
This post was edited on 5/8/13 at 7:03 am
Posted on 5/8/13 at 7:12 am to Rick Rickles
quote:
I have a solid Federal job with solid pay, and can afford it. So, who cares if I spend big bucks on a rapidly depreciating asset? I don't. I have zero credit card debt, solid savings and retirement, and a healthy portfolio. Some people choose to be thrifty savers, I like to splurge here and there.
If all this is true, then knock your self out!
Posted on 5/8/13 at 7:46 am to Rick Rickles
quote:
The "worth" of a new car is high to me. I enjoy the new shiny look, feel and smell. I have a solid Federal job with solid pay, and can afford it. So, who cares if I spend big bucks on a rapidly depreciating asset? I don't. I have zero credit card debt, solid savings and retirement, and a healthy portfolio. Some people choose to be thrifty savers, I like to splurge here and there.
Check out Edmunds, they have a forum to discuss all vehicles new and used. LINK
Posted on 5/8/13 at 8:53 am to Rick Rickles
quote:
Price out of the door: $46,175.
quote:
Traded in 2009 Honda Pilot RWD EX-L w/Nav with 65,550 miles in very good condition: $18,750.
So am I reading this right that the car you bought was really 65k?
ETA nm
quote:
Sure, the thing cost 46K,
This post was edited on 5/8/13 at 8:55 am
Posted on 5/8/13 at 9:16 am to eazyeric23
quote:
Rate looks a little a high. Should be somewhere under 2 and closer to 1 on a new vehicle with excellent credit. 1 point when you are financing a significant amount of money can mean the difference of a few thousand dollars. Just remember, a good deal is all a state of mind.
Disclaimer: I'm in finance.
Used USAA to finance. Could have had 1.9 if I would have gone with 48 months, but chose to take the 2.25 at 60. I'll likely pay it off in 39 anyway.
Posted on 5/8/13 at 9:19 am to Rick Rickles
quote:
Financing was through USAA @ 2.25% for 48 mo. No add ons purchased from dealer.
quote:
if I would have gone with 48 months
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