but we're getting more this week, and we still have the "shelby gt".

5/21/2007 9:24:08 PM

Are they still selling above sticker price?

5/21/2007 9:25:08 PM

where do you work?

5/21/2007 9:26:27 PM

it had a $10k markup, which put it at $55k. the guy who bought it drove up in a badass, modified '02 z06. i don't know if he's trading the vette in, or what he's paying for the gt500. all i know is the salesperson who sold it made a big commission. the gt500 has been on the lot like 5 days. everybody and their mommas wanted to drive it, but no one was allowed to unless they showed they could afford it. not even the technicians, who drive every new car that comes off the transports, were allowed to check the shelby in. actually, i don't think the buyer even drove it. he pulled in, went inside for like 10 minutes, and then left.

^crown ford in fayetteville.

[Edited on May 21, 2007 at 9:30 PM. Reason : ]

5/21/2007 9:27:03 PM

Quote :

"everybody and their mommas wanted to drive it, but no one was allowed to unless they showed they could afford it. not even the technicians, who drive every new car that comes off the transports, were allowed to check the shelby in. actually, i don't think the buyer even drove it."

55k is nothing special in the scheme of things, and it's not like they're that rare.

5/21/2007 9:55:32 PM

What kind of financing schemes are available for it?

5/21/2007 9:56:48 PM

anything you have available on any other car, assuming your credit and income qualifies for the sales price. ford credit, your own bank, etc.

5/21/2007 9:58:16 PM

I am obviously a car buying n00b, but what's the usual downpayment, montly installments and stuff?

5/21/2007 9:59:28 PM

my monthly payment on a $33,000 with 11k down was around $320/month at a 2.9% interest rate.

5/21/2007 10:02:46 PM

superchevy

Quote :

"^crown ford in fayetteville."

anyone else see irony here?

5/21/2007 10:11:10 PM

we all did

no one cared enough to comment about it

5/21/2007 10:19:36 PM

Quote :

"11k down"

That's a pretty damn high downpayment.

Is it really like 1/3rd of the cost of the car?

5/21/2007 10:35:07 PM

no. you can do 0 down if you want to. it all depends on your credit/income and what you qualify for. it's also a personal decision. for example, if you know you're keeping a car for a number of years, you might want to put down a hefty down payment to offset interest and monthly payment amount.

5/21/2007 10:39:22 PM

I mean I'll be raking up interest of 5.5% a year approx if I kept the downpayment money in a bank, so doesn't it make sense to have a downpayment of about $5k and have a low APR loan?

5/21/2007 10:45:04 PM

only reason i put 11k down was that was the trade-in value of my car which was paid off. Added with my high credit score, it gave me a really sweet low APR

5/21/2007 11:30:05 PM

Quote :

"I am obviously a car buying n00b, but what's the usual downpayment, montly installments and stuff?"

a very non-scientific formula for those with marginal-good credit beacons (575-700) you can use is to multiple whatever you're financing by 1.5 and add a 0. biggest thing to remember is: your downpayment can significantly raise or lower the monthly payments.

$18,000 financed might put you in the $270.

and to be honest, credit score isn't that major of an influence for banks to decide if they'll finance a vehicle or not. your income:debt ratio is much more critical.

Quote :

"55k is nothing special in the scheme of things, and it's not like they're that rare."

that's not the point. the point is: if we let a bunch of people test drive, it's going to put 100+ miles on the car. then, the asking price would have to be significantly reduced or no one will buy it. would you buy a $50,000+ car that's been driven by a ton of people? would you buy any new car that's been driven by a bunch of people? further consider that almost all of the people who want to drive the shelby gt500 is just wanting to joyride. that means, the salesperson who has to ride along, may miss out on a customer who is actually willing to buy something. also, the joyrider may rag the hell out of the car, and they may have no experience driving anything with 500+ hp.

[Edited on May 22, 2007 at 1:11 AM. Reason : ]

5/22/2007 12:55:18 AM

people buy 50k+ cars/trucks every day that have been driven by multiple people. hell, i drove at least 2-3 50-70k cars a day when i was turning wrenches. i'm not saying it's a bad idea, i think it's good they're looking out for potential buyers since alot of cars do get ragged on by sales/techs. just saying i bet they don't take all those precautions with a new top of the line super duty for example, which is in the same price range, so i don't see why all the fuss over a churched up mustang.

5/22/2007 1:08:52 AM

because you have to consider the mentality of someone buying "omfg, it's a shelby!!!!!!!" and someone buying a f-250 superduty. a shelby buyer may be a collector, a uber-fan, or someone looking to turnaround and sell at auction for a huge profit. at any rate, they'll probably baby the hell out of the car. your typical f-250 buyer may be someone who likes bigass trucks for whatever reason, and is going to drive it regularly and abuse the hell out of it. and you can't turn-around and sell an f-250 for 100-200% profit some years from now.

also, we have several f-250's, so not any one of them is going to pick up more than 15 miles before selling, if that much. we have 1 shelby.

100 people driving 60 different f-250 ain't shit. 100 people driving 1 shelby isn't good.

finally, you're talking about used trucks that once cost $50k. i'm talking about a brand new, extremely sought-after, limited edition muscle car.

[Edited on May 22, 2007 at 1:18 AM. Reason : ]

5/22/2007 1:14:53 AM

i see your point, and agree... my point is it's a rare thing for a dealer to act like that about a car unless it's ALOT more exspensive/rare. again, i think it's great they did it. imo, more dealers should act like that about all their cars rather than letting any joe blow off the street come in and take a test drive. a pre qualification should be the first step. you as sales people would waste alot less of your time also.

5/22/2007 1:31:37 AM

you wanna buy one of the new one's we'll be getting in this week? how about a used '04-'06 f-150 fx4 (off-road package)? a couple of them are fully loaded, and they're all priced pretty well. plus, you're likely to get some discounts. i've been thinking about getting one myself, but i need to make some more money first. we've got a '06 f-250 super duty fx4. again, it's fully loaded, has just 16k miles, and priced at $43k.

http://www.fayettevilleford.com/Default.aspx?page=usedcars

[Edited on May 22, 2007 at 2:00 AM. Reason : ]

5/22/2007 1:55:25 AM

thanks, but i've been super dutied up for a little over a year now. 99 f350.

5/22/2007 2:04:24 AM

Quote :

"That's a pretty damn high downpayment. Is it really like 1/3rd of the cost of the car?"

Seems fairly low to me..... but i dont now shit about being in debt.

Mortagage will be a good rape lesson.

PS : Mark did you really trade in your rsx for 11k? I would have written you a check for the that

[Edited on May 22, 2007 at 8:16 AM. Reason : .]

5/22/2007 8:13:57 AM

^^^^ever try to test drive an R32 in '04? bought damn impossible. as silly as that is i suppose

5/22/2007 8:38:36 AM

^^ debt isn't that big of a deal, per se. it's stupid debt that you aren't in control of that will screw you. there are smart debts...you just have to be smart and disciplined enough to know the difference and handle your business well.

Quote :

"i see your point, and agree... my point is it's a rare thing for a dealer to act like that about a car unless it's ALOT more exspensive/rare."

Shit, the Subaru dealer was even more of a bitch about letting me drive an STi, even though they knew I could afford it and was serious about buying.

that was the biggest fuckhead car dealership i've ever seen, though.

5/22/2007 9:54:20 AM

performance was cool.
i drove a legacy gt limited 1st though
then a forester xt
then asked to see if i could compare with the sti

5/22/2007 10:28:58 AM

these faggots wanted me to test drive a regular WRX, and said "if you like it, the STi is the same thing with a little more power and a little stiffer suspension."

i'm like "no, it's not at all the same thing, and do you really want me to compare the WRX to the Evo IX that I drove yesterday? Or should I just go to the Subaru dealer in the next town and work with him?

they still refused after I asked like 3 times, until I punched up the next Subaru dealer in my GPS, then started driving away...they flagged me down and finally offered to let me drive it. Since it saved me a trip from Pensacola to Mobile, I took them up on it.

I ended up preferring the Evo, but I figured I'd get a price on the STi. They wanted my SSN before they'd even quote me a price, and I told them that I wasn't giving up the SSN unless I was about to sign the paperwork and drive away with the car, because I didn't want them running a credit check on me unless they had to. Then they wanted me to sign this stupid thing that said "I agree to purchase if terms are agreeable." I said "So this is just saying that I'll buy the car if you make me a good enough deal?" The salesman said "Yep, that's it." I said "Well shit, I'll buy every car on your lot for the right price."

So they end up giving me some highball price quote that I knew wasn't anywhere near what they'd actually sell it for, and I said something like "Come on, I know that's nowhere near your best price." They're like "Well, we can't really do much for you without getting your SSN and running that credit check." At that point, I thanked them for their time and got up to leave...

at which point the sales manager comes out waving that thing I signed and LITERALLY calls me a liar to my face because I didn't buy the car. I told him that the terms hadn't been agreeable, and that due to his jackass sales tactics, I would never do any business with them, and that I understood they'd only been in business for about 6 months, and would be amazed if they were still in business in another 6 months.

[Edited on May 22, 2007 at 11:09 AM. Reason : asdfads]

[Edited on May 22, 2007 at 11:13 AM. Reason : oh, and they had more than 1 STi. i think they had 3, actually.]

5/22/2007 11:07:39 AM

So are they still in business?

5/22/2007 11:09:57 AM

I don't know...haven't been over there lately.

that's only been maybe 3 months ago, though.

5/22/2007 11:11:31 AM

So what should I do before I buy a new car?

Save money for a higher downpayment, or just try to find a low interest loan?

5/22/2007 11:13:02 AM

the loan interest rate and the purchase price are the two big kickers for me. I figure that if I can get a loan at, say, 5-5.5%, I can almost certainly do better than that in the stock market, so I'd rather put my money there.

Also, I'm always really patient when it comes to buying, and find someone who really needs to sell, or just doesn't really care if he sells it for less than it's worth, or whatever...that way, I know I can sell it and at least break even whenever I want (unless I keep it for a long time, and then I still got a good deal). Hell, I drove my S2000 for 2 years (and about 30k miles) and still sold it for a $2000 profit...drove my BMW for 4-5 months and sold it for a $3000 profit...and am about to sell my Evo after a few months for a roughly ~$3000 profit.

For that matter, I drove my '71 Cutlass for 3 years and sold it for $2000-2500 more than I paid for it, although I probably had spent about that much while I owned it. I lost about $3000 on my Jeep (actually about $4000, including transmission repair), but I drove it for 4-5 years and put probably 85,000 miles on it.

I kinda took it on the nose with the turbo Miata...I think I lost at least $1500, maybe $2000, and only kept it for a year.

5/22/2007 11:23:31 AM

why would anyone buy an Evo when they can get a Lancer OZ for like $6k

5/22/2007 11:40:09 AM

haha, I'll never figure that guy out.

5/22/2007 11:41:09 AM

yeah i mean you can get 4 lancers for the price of one Evo

and they'll never be as fast haha

5/22/2007 11:41:33 AM

good friend has two one black and one blue maybe you can buy his

5/22/2007 5:21:45 PM

Quote :

"So what should I do before I buy a new car? Save money for a higher downpayment, or just try to find a low interest loan?"

1. obtain a copy of your credit report from the three major agencies: equifax, experian, and transunion. you should know what your numbers are, because a) it's something you should monitor at all times anyways; b) you'll know what you're working with when negotiating terms.
2. don't try to finance something you can't afford. for example, if you're only making $22,000 a year, then don't try to finance a $45,000 expedition... unless you're trading in a paid-off vehicle and putting down a substantial downpayment.
3. you're income:debt/bills ratio needs to be good.
4. your credit report(s) need to show a history of consistent, on-time payments. if you've missed a payment here and there, that's no biggie. if you have a lien, been referred to a collections agency, show a repossession, etc., then you better have some downpayment money handy.
5. if you have no credit history whatsoever, you need to find a co-signer. that co-signer doesn't need supreme credit, but they should be in th 600+ range.

it all really depends on how much you're trying to finance. to be completely honest, unless your beacon is below 500, you should almost always be able to get something financed.

5/22/2007 9:45:10 PM