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Old 07-01-2016, 08:41 AM
 
Location: Texas
38,859 posts, read 25,519,507 times
Reputation: 24780

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Quote:
Originally Posted by jaredC View Post
The dealership said it was used by the GM, however, every new car I purchased had less than 50 miles on it. They did lower the payment around $20 a month. Not sure if that's good enough.
No, it isn't good enough and they know it.

Refuse their offer and demand a lower price.
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Old 07-01-2016, 08:42 AM
 
125 posts, read 183,517 times
Reputation: 322
Quote:
Originally Posted by caverunner17 View Post
Monthly payment numbers are meaningless. Don't EVER buy a car based on monthly payment numbers. The only number that matters is the OTD number.
Ditto... If OP didn't do the math, they could've just knocked the interest rate down to lower the monthly payment, but not the actual price, assuming OP used in house financing.
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Old 07-01-2016, 09:33 AM
 
Location: La Jolla, CA
7,284 posts, read 16,673,750 times
Reputation: 11675
Quote:
Originally Posted by jaredC View Post
The dealership said it was used by the GM, however, every new car I purchased had less than 50 miles on it. They did lower the payment around $20 a month. Not sure if that's good enough.
But how much did they lower the price of the car?
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Old 07-01-2016, 09:46 AM
 
Location: Cleveland, Ohio
16,541 posts, read 19,668,514 times
Reputation: 13322
Quote:
Originally Posted by Username00 View Post
Ditto... If OP didn't do the math, they could've just knocked the interest rate down to lower the monthly payment, but not the actual price, assuming OP used in house financing.
And a lower interest rate is a bad thing? On what planet?

The dealer I used to use gave out 3 or 4 new cars as loaners for cars that were being worked on. Once they hit a certain mileage he'd take $4,000 off the price and sell them. They were working on my car, gave me a loaner with 1,600 miles on it. When I went back to pick up my car.... I traded it in instead and bought the loaner.
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Old 07-01-2016, 09:49 AM
 
Location: Birmingham
11,787 posts, read 17,757,421 times
Reputation: 10120
Quote:
Originally Posted by Username00 View Post
Ditto... If OP didn't do the math, they could've just knocked the interest rate down to lower the monthly payment, but not the actual price, assuming OP used in house financing.
And? So? That would still be savings for him.
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Old 07-01-2016, 10:11 AM
 
2,775 posts, read 3,757,498 times
Reputation: 2383
Quote:
Originally Posted by trlhiker View Post
The SE or the Limited? What was the MSRP?
Hybrid se. $27,500 msrp.
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Old 07-01-2016, 10:13 AM
 
2,775 posts, read 3,757,498 times
Reputation: 2383
Quote:
Originally Posted by 43north87west View Post
But how much did they lower the price of the car?
$2k. With rebates and my negative equity it came to $25k.
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Old 07-01-2016, 10:25 AM
 
Location: Southern California
12,713 posts, read 15,518,461 times
Reputation: 35512
Quote:
Originally Posted by jaredC View Post
$2k. With rebates and my negative equity it came to $25k.
Depending on how much negative equity would determine if this deal was good or not.
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Old 07-01-2016, 11:20 AM
 
Location: new yawk zoo
8,678 posts, read 11,067,849 times
Reputation: 6353
Quote:
Originally Posted by Me007gold View Post
It depends if it has been titled. A car can be a dealer loaner/service can, and still be a new car even with miles on it
Bingo.


Also could be a dealer swapped out car.


Since OP got some $$ off....Its all about the bucks....esp its not titled.
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Old 07-01-2016, 11:47 AM
 
4,699 posts, read 3,277,042 times
Reputation: 41868
Quote:
Originally Posted by jaredC View Post
Would you buy a new car with 1200+ miles on it? I'm having a hard time believing this car is brand new with mileage on it. Its not a whole lot, but, it's nagging me.
The car hasn't been titled. It's been used by a dealership employee. These cars are usually used by dealership owners and management. When they are driven for this purpose the dealership license plates are on the car. Therefore it isn't necessary to title the vehicle.

I've driven lots of these type cars when I worked at various dealerships over the years. It wouldn't bother me to purchase it.
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