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How much did you pay for your NEW car THREAD!

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gonna buy a Acura 3.2TL realllll soon. Anyone bought one lately? and at what price?


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2002 Saturn SL1

$15700
- 12% GM Employee
0% APR Financing for 6 years.


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I am amazed how many still buy new cars, willing to take the depreciation hit.


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<< You paid sticker for an US build car? If you took all the discounts (3k, 2k, 4k) then you should have paid much closer to 21k. I don't know about the employee discount, but the other two don't require paying MSRP, you can discount them from invoice price also. >>

No, the GM discount is a specified price on the invoice (its usually 12% - 18% below MSRP, depending on the margin of the car), and the $2k discount for DVD/Onstar was already included in that price. The GM employee price for this car was a little over $29k and the $3k cash back was taken off that for a final price of $26k. The original sticker price was $35k - $2k DVD/Onstar = $33k. So basically we save $4k off MSRP, or $1k off invoice price, plus we got in on all the other discounts. You can probably come close to that without the GM discount, but this is a no-haggle price. You just walk into the dealership and point to the car you want and your price is set on the invoice.

For higher margin cars, such as a Yukon or Suburban, the GM price is usually 15% - 16% off MSRP, which translates into some pretty big savings.


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<< I am amazed how many still buy new cars, willing to take the depreciation hit. >>

You take a depreciation hit on any car you buy, new or used. Nobody expects to buy a car and use it as an investment. You can expect any car to loose ~50% of its value over the course of 3 years. True, this means that you loose more money due to depreciation when the car is worth more money, but that also goes for an expensive used car.

Besides, all of the promotions and discounts you can get on a new car now basically cover the first year or so of depreciation. And you get to drive a new, warrantied car.

To each his own, I guess.


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<< I am amazed how many still buy new cars, willing to take the depreciation hit. >>

A car is not an investment. it's a luxury, regardless of the price of the car. Just like brand new computers depreciates about 50% over the first year or 2. Yet, Dell is making a killing. It's all economics. there will always be ppl demanding new cars and there will always be companies to supply that demand. the price and the amount of the supply will depend on how much is demanded....sigh..whatevers, i'm on summer break. why am i talking about econ.

back to my original question. i intend on buying a 2003 Acura TL in the next few weeks. Any experience? Any advice? ANyone here work in an Acura dealership and wouldn't mind telling me how low they are willing to go? Thanks

Message edited by: NyCLeNgJai on 06/21/2003 11:36:37
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I disagree with BOTH the above comments. You DONT need to take depreciation on a car you buy, new or used, and a car CAN be an investment. There are several FW Finance members who MAKE money on the cars they drive, and sell them for more than what they paid for them, after enjoying and using themk for several months/years.

It usually means buying an older used luxury or sports car very cheap, driving it for several years , then selling for more than you paid ...it can be done with brand new cars too, if you are one of the first to buy a "popular" model and can be resold for a profit....this has happened with the BMWz3, VW New Beetle, Chrysler PT Cruiser, BMWm3, Mini Cooper, and MBZsl500 in recent yesrs...the first people to take delivery on these models could drive their hot new cars for several months and then sell for above what they paid...it will likely happen with the 05 Mustang too...get your deposits in now!

Message edited by: SUCKISSTAPLES on 06/21/2003 14:02:11
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2003 Chevy Impala LS

Sticker was 27k
Invoice was 25
After the GM Discount, Factory Incentive rebates, Police Package discount and my GM Card rebates. About 11K financed 4.5% over 5 years.

Message edited by: inda on 06/21/2003 14:15:34
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nice deal! how much was the gm card rebate?


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SUCKISSTAPLES said:

<< nice deal! how much was the gm card rebate? >>

Total was $2003


At the time I had a little over $900 but I had a flyer that said $2003 in 2003 Rewards and they paid the difference.


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workindev said:

<<

<< I am amazed how many still buy new cars, willing to take the depreciation hit. >>

You take a depreciation hit on any car you buy, new or used. Nobody expects to buy a car and use it as an investment. You can expect any car to loose ~50% of its value over the course of 3 years. True, this means that you loose more money due to depreciation when the car is worth more money, but that also goes for an expensive used car.

Besides, all of the promotions and discounts you can get on a new car now basically cover the first year or so of depreciation. And you get to drive a new, warrantied car.

To each his own, I guess.
>>

Not all cars depreciate %50 over the first 3 years. Hondas and Toyotas I believe depreciate 25-30%.


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<< it will likely happen with the 05 Mustang too...get your deposits in now! >>

Do we just deposit for the RIGHT of a car, or do we talk price as well?


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You can also defeat some of the depreciation loss if you buy a "loss leader" if it is available for the car you want. For example, right now you can buy a nice 2003 Explorer XLT (3rd row seat and all the good stuff) with a MSRP of about $30,000 for $22,000 with no haggle or hassle in my area. If you bought one that was a year or two old, you'd pay the same price. Might as well buy the new one!


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I'm sponsored on the GMS plan from GM, going to see how I can do.

Am I correct in that you can't combine the GM Family Plan with the GM Card after June 30th?

Kinda under pressure.

I'd like to know if you guys know much about how I'll end up price wise on something like a 4WD basic Tahoe or a 4WD Avalanche. May look at the Grand Prix GTP. I'll be looking at something like

GM S price:
GM Card: $2350 (includes $250 bonus thing they mailed me the other day)
GM Rebate: $3250 ($4250 on the Grand Prix)

Hopefully some other incentives

I really need to come to about $18,000 after a $2,000 trade in. Don't wanna swing more than $350 a month or so in payments over 48 months.

Going to go to a few places tomorrow and grab VINs so I can get the invoices monday.

Message edited by: BrunoPuntzJones on 06/21/2003 17:36:12
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Hyundai Accent 2 doors auto AC 2002
bought the car in Jan 2002
(now it is much more expensive because of the side air bags like I care)

MSRP $12,200
Invoice $10,600
I paid $9,400+tax

no financing paid in all cash cuz I did not want full coverage
so I am paying $140 every 6 months for liability now (www.gmac123.com)
I am in Houston TX

Message edited by: misterno on 06/21/2003 18:45:35
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I'd like to know if you guys know much about how I'll end up price wise on something like a 4WD basic Tahoe or a 4WD Avalanche.

You probably already know this, but you can check the invoice price and the "True Market Price" (TMV- what they think most people are actually paying for the car) at www.edmunds.com.

And to SUCKISSTAPLES- I'm sure that maybe some people have actually made money on a car like you describe, but that is definitely the exception rather than the rule. To claim that buying a car can be an "investment" just because of that is extremely simple minded.


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Add on the sales tax you have to pay and you will have to sell it for 6%-8% more than you paid for it to brake even

Message edited by: trifate on 06/22/2003 03:21:41
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ezwinner701 said:

<<

<< it will likely happen with the 05 Mustang too...get your deposits in now! >>

Do we just deposit for the RIGHT of a car, or do we talk price as well? >>

This early on, Dealers usually do not know exactly when they will receive a car, which options it will have ,etc. You generally want to work with a very high volume dealer, as they tend to get the first allocations, and make an agreement for the right to buy the 1st car they receive at MSRP. You put a % down now. When it arrives, you'll see exactly what options it has, price, etc., and can either complete the deal (if it looks like it will be profitable) or forget about it (make sure deposit is 100% refundable if you do not buy).


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I am amazed how many still buy new cars, willing to take the depreciation hit.

From my experience in buying a used car last year, I think that anyone who wants something good and cheap will have to shop around a lot, maybe for months, because almost everything I looked at was either almost as expensive as a brand new car or in questionable condition.

I've read that some new car bargain hunters will shop near the end of the month, when sales people are up for evaluation, or in Dec. and Jan., when holiday gift buying causes car sales to fall. And they'll check the Wall Street Journal or a trade publication, like Automotive News, to see how different models are selling and then try to get a deal on a slow seller.

Message edited by: larrymoencurly on 06/22/2003 21:46:57
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Did it today, I think I made out OK

2003 Chevrolet Trailblazer LTZ (almost every option)

MSRP: $36,495
Invoice: $32,975
Edmund's TMV: $33,409
Price I paid:

GMS price: $31,925
GMS rebate: $3,750
On Star rebate: $695
GM Card: $2,173

Total before tax: $25,307

Not too shabby for being fully loaded I can handle $11,200 off MSRP

The only rebate I think I may have been able to get and didn't was the Texas truck rebate. Trucks and SUVs in TX get another $500 off. I kept bugging him for another $500, he seemed to start getting annoyed. It might not have been combinable with the GMS rebates which is entirely likely from what I've read. I think I got away with a helluva car for a helluva price. The On Star is included in the LTZ for a year, I happened to catch on the Chevy homepage that if you buy an 03 Trailblazer you get $695 off. I was really suprised they let me take that off.


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