Midwest Motors...anyone?
- Thread starter Shawn1112
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When I tried negotating on a lightly used Scat Pack like 2 years ago, it came to a quick stand-still.
You may be better off buying new to be honest, they have serious incentives when buying new, that are effectively 'gone' when trying to buy used.
You can get like 7-8k off on one new, which may end you closer to your goal number but with better financing and in a NEW car.
*Edit*
I realize now you are looking at a HELLcat, not a scat pack. You can get into a brand new scat pack car for under 50 pretty easily.
Was this negotiating at Midwest Motors?
I looked around and cant get anywhere near $50k on new. That is my budget and what I can afford. Would love new as I would get the Octane Red color, but just not in the cards.
Are you paying Cash?
Because if you aren't, you should crunch the numbers on the difference on the cost over the term of the loan.
Used Car loan averages are what, 3.99%? Vs. Chrysler may offer something silly like 0% or 1.9% for 72 months?
*Edit*
I realize now you are looking at a HELLcat, not a scat pack. You can get into a brand new scat pack car for well under 40 pretty easily.
*edit edit*
There is a Red Charger Hellcat at South Oak for $65,000 (6-7,000 off MSRP before even negotiating further with the dealer).
And They are offering 0% for 72 months, but not on SRT cars sadly!
*edit edit edit*
Did you notice the dealer that the blue car has changed hands 3 times with dealers?
Was traded in at Napelton at 8,200 miles on 8/18, then went to Liberty Auto City on 8/28 with 8,785, THEN went to 'Midwest Motors' with 9,973 on it.
That car's had 1500 miles put on it while in the hands of Dealers, I bet they've beaten the sweet hell out of it.
Sadly SRT's very rarely qualify for any of the special financing deals. Will check out the red one at South Oak when I get to the office later this morning. Not worried about the miles between dealers or the fact it was passed around like a $2 whore. It's still under warranty if I have any issues. Also knowing me it will have the Barth Package with in a year.
Update: Almost a done deal and all negotiating still via email. He has told me 3 times he cant go no lower and 3 times he has. So we are at $51.5k right now, I want to be at $50k. Taxes and fees brings it up to $56.8k. My last email was get it to $55k out the door and I will buy the car. He countered at $56k out the door, told him I was going to Kentucky for the weekend would mull it over and get back to him Tuesday. So then I asked him what kind of used car rates is he seeing with people that have credit scores in the low 800's which my wife and I have. He claims below 3%, which I find very hard to believe on a used car. I looked at Penfed and they are like 3.49% on a 60 month. So I'm thinking I'm going to tell him to guarantee me a rate below 3% drop it $500 and I will sign at $55.5k out the door.
I call BS on the sub-3% rates, maybe for a 3-year or so. I have an 800+ credit score and the best I could muster (viewing rates on-line) was 3.7x%. There might be a little more wiggle room, but I don't think anyone is offering a sub-3% on 60 months.
I'm very skeptical as well, but I do know car dealers do have more wiggle room with finance companies then you or I would.
www.bcu.org
i can get you guys the guy i use name there, he's super helpful and doesn't fuck around.
Attachments
consumers credit union says they'll do 2.24% on their website for 72 months also with autopay.
https://www.myconsumers.org/loans/auto-loans
https://www.myconsumers.org/loans/auto-loans
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