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Old 01-10-2011, 02:01 AM   #16  
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Haggling on a used car can be a bit more difficult because you go into negotiations with less information. You have no idea how much the dealer paid for the vehicle, and you have even less information on the history of the vehicle. You don't even know how well it was maintained, as I find most people i've met in my life to totally neglect this part of the vehicle ownership aspect. It can be even worse if you get stuck with a vehicle that was part of a rental fleet, or leased by a dickhead. The good thing about rental fleets though is that they usually do not neglect basic maintenance.

I think the thing to keep in mind is that dealers almost always buy a vehicle based on the black book and not the blue book. As a result, that will give you an idea of how much room for haggling you have. If you are buying a certified used vehicle that has comes with a special warranty and stuff, do not expect to get a very generous discount as you are trading off margins for extra peace of mind. Dealers generally love the used car market because they usually make more money from it than from selling new cars. This is likely because information is more imperfect and they can take advantage of that.
thanx for the info. I did look up 3 cars from carfax.com but then that also depends if the previous owners were really honest in reporting the service reports because I assume that some carfax reports can be false.

I'm looking to get a 03-05 nissan altima 2.5 S...

would dealers offer more of a discount for vehicles that have been on their lot for a considerable amount of time or for having more than 100k miles??
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Old 01-10-2011, 12:39 PM   #17  
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thanx for the info. I did look up 3 cars from carfax.com but then that also depends if the previous owners were really honest in reporting the service reports because I assume that some carfax reports can be false.

I'm looking to get a 03-05 nissan altima 2.5 S...

would dealers offer more of a discount for vehicles that have been on their lot for a considerable amount of time or for having more than 100k miles??
In general, people are usually not honest about maintaining their cars. The only people who are honest are usually the automotive enthusiasts who pride themselves on maintaining their cars.

If you are looking for an older vehicle, I would highly advise against buying a car that has sat on the lot for a long time. The longer a vehicle sits around, the more likely that you're going to have seals going left and right when you take ownership of it as they start to degrade when left sitting. Also many moving parts inside the vehicle may not be in good condition since they havn't been lubricated in a long time.

Whether a dealer will discount a car boils down to simple supply and demand. Consulting the black book, blue book, or the yellow book(NADA) will give you some clue what to expect, but a dealer is going to price a vehicle based on supply and demand no matter how long it has bee sitting or how many miles it has. If it will fit in your budget, I recommend a lower mileage vehicle that has been certified through a manufacturer's program. If you have do, see if you can downgrade to get such a vehicle to fit in your budget. I have seen so much heartbreak from people who buy a higher mileage vehicle that they thought was in good condition, only for it to literally nickel and dime the hell out of them.
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Old 01-11-2011, 10:28 PM   #18  
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some of my friends have actually suggested in paying a little more for a used vehicle but shopping for a certified pre-owned vehicle from the dealer since they go through the 155 point inspection, have to have mileage under 60k and have that 84 month/100k mile powertrain warranty, so I think I should go that route since getting a slightly used 2010 car won't be so bad with not dealing with the instant depreciation value when you drive a new vehicle off the lot.
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Old 01-12-2011, 07:36 AM   #19  
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getting a slightly used 2010 car won't be so bad with not dealing with the instant depreciation value when you drive a new vehicle off the lot.
I can see your point and many agree but sometimes you got to say screw the money issue and just have fun, enjoy life, that's what you work for!
I like to get new cars since I keep them for life and don't have to worry for at least the first four years about replacing anything.
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Old 01-12-2011, 07:50 AM   #20  
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I haven't bought a new car for over 40 years. Had a friend that was a dealer and used to go to auction with him. I'd pick out 4-5 cars I could live with and set a limit on each and just go with the one that went for under the limit. Never had an engine or tranny problem in all that time and never paid over $900 for a car, most of which I drove for 5-6 years.

Broke down last time and bought from a dealer. Got a great deal on just what I was looking for, still under manufacturer warranty (12,000 miles, year old) and 1/2 the original price. Had it for 7 years and will drive it 'til one of us drops. Car was an Avis rental with all the bells and whistles.

Would never think of a new car again, but I'm an old fart and far past the point of trying to impress anyone.

Moral: put my money in 401Ks and IRAs instead of GM's pockets and enjoying my retirement.
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Old 01-12-2011, 08:48 AM   #21  
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Would never think of a new car again, but I'm an old fart and far past the point of trying to impress anyone.

Moral: put my money in 401Ks and IRAs instead of GM's pockets and enjoying my retirement.
I get new cars for myself, don't give a **** what anyone else thinks.
We grew up working on cars in the alley, it was a way of life. Driving to me is way more than getting from point A to point B, it's fun!
As I said, many think different, I appreciate that, there is no right or wrong.
Oh, I'm an old fart too, I'm sure when I retire I'll think differently, until then I'm enjoying my car .
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Old 01-12-2011, 03:48 PM   #22  
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some of my friends have actually suggested in paying a little more for a used vehicle but shopping for a certified pre-owned vehicle from the dealer since they go through the 155 point inspection, have to have mileage under 60k and have that 84 month/100k mile powertrain warranty, so I think I should go that route since getting a slightly used 2010 car won't be so bad with not dealing with the instant depreciation value when you drive a new vehicle off the lot.
When you look at the impressive offers that are being offered on new cars right now, that actually takes a lot of the hit off of the price of a new car. The other thing to keep in mind is that depreciation is absolutely not important if you are the type that plans on buying a car and keeping it till it reaches the end of its useful life. All vehicles become worthless when they reach the end of their useful life.

If you cannot afford a new car, going with a certified vehicle is definately what I would recommend as your friend suggested. It might cost more, but you get peace of mind as it takes a lot of the uncertainty out.

I generally trade into a new car every 3-4 years, and I still buy a new car because buying a new car is an experience. Of course i've always been a hardcore driving enthusiast to begin with. I also don't trust used vehicles because I am a risk adverse type, and even certified vehicles have some level of uncertainty. They may have some type of warranty for 100k miles or so, but they could always fall apart after that.
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Old 01-13-2011, 01:35 AM   #23  
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When I am ready for a "new" car, I check with the dealers to see what demos they have available. I picked up an '08 Acura TL in '08 from the parts manager at a local Honda dealer. The car had ab out 7k miles on it and I got it for a good bit off new cost. I have done this more than once.
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Old 01-13-2011, 02:06 PM   #24  
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When I am ready for a "new" car, I check with the dealers to see what demos they have available. I picked up an '08 Acura TL in '08 from the parts manager at a local Honda dealer. The car had ab out 7k miles on it and I got it for a good bit off new cost. I have done this more than once.
Buying a demonstrator can be extremely risky depending on how the laws are written in a given state. In Ohio along with many states, a trick the manufacturer is often allowed to use is to buy back a lemon and resell it as a demo model. Because the manufacturer offered a buyback before the lemon law was used, the vehicle never has to be titled as a lemon and thus they resell it as a demo.

Now if you happen to know the person who "rented" it, then it does take a lot of the risk out assuming that this person didn't beat the piss out of it. I know that when new vehicles come out, people who work for dealers are often allowed to rent it to use as their personal vehicle for a small subsidized monthly payment from the manufacturer.
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Old 01-14-2011, 02:40 AM   #25  
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Now you've gone and rained on my parade... why does it not surprise me that dealers/manufacturers can get away with chit like that? I guess I have been lucky and have had no trouble at all with any of the demos I have gotten. My Acura has been a stellar performer and the dealer has been great.. free oil changes for life was a nice add-on.

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Old 01-14-2011, 11:26 AM   #26  
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Now you've gone and rained on my parade... why does it not surprise me that dealers/manufacturers can get away with chit like that? I guess I have been lucky and have had no trouble at all with any of the demos I have gotten. My Acura has been a stellar performer and the dealer has been great.. free oil changes for life was a nice add-on.
To be fair, some companies like Ford do this right. When Ford offers to buy back a lemon, they often have it completely checked out from bumper to bumper to make sure that the vehicle is solid if they choose to resell it. After they have done a thorough inspection, they choose whether to fix and resell the vehicle or to destroy it.

I'll give you a good example of my 01 SVT Cobra that Ford bought back from me. The transmission was extra knotchy from the very first day, and eventually I lost the 2nd gear syncronizer. It turns out that the part was on a 6 month backorder from Tremac at the time, and they offered to buy it back after I threw a fit since I didn't want to be in a loaner car for 6 months. They ended up doing a straight trade into a 02 SVT Lightning for me, which I was happy about since the Lightning costs about $3000 more. Little did I know that filling up that hungry beast was gonna cost me an arm and leg(it averaged 8mpg).

A few weeks later, I saw my old Cobra out for sale and found out that Ford had eventually ordered in a brand new transmission for it along with a new engine. What they found during their inspection was that this engine had some cooling passage issues, which might have explained why I was getting some intermittent pinging during WOT runs after the engine had gotten hot. Whoever ended up buying this "demo" model likely got one helluva deal on a car that was now likely solid.
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Old 01-18-2011, 04:16 PM   #27  
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well I ended up buying a slightly used 2009 certified pre-owned nissan altima 2.5s instead of the earlier models which I learned where some of them were plagued with engine problems up until the 2005 models. The 2007+ models now have that variable control transmission and the intelligent keyfob security systems.

I'm just still amazed by how much power it has for a 4 cylinder and that it gets better gas mileage than my old 96 corolla.

So I lucked out in getting the altima certified from the dealer. I not only still get the nissan 3yr warranty since it's an 09 and I get the 7yr/100k mile warranty from the CPO program! Was still able to haggle with the dealers somewhat.

But basically the dealers don't give you a discount whether you finance it or pay in full. It used to be where they'd give you more of a discount if you paid in full.
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Old 01-18-2011, 06:18 PM   #28  
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well I ended up buying a slightly used 2009 certified pre-owned nissan altima 2.5s instead of the earlier models which I learned where some of them were plagued with engine problems up until the 2005 models. The 2007+ models now have that variable control transmission and the intelligent keyfob security systems.

I'm just still amazed by how much power it has for a 4 cylinder and that it gets better gas mileage than my old 96 corolla.

So I lucked out in getting the altima certified from the dealer. I not only still get the nissan 3yr warranty since it's an 09 and I get the 7yr/100k mile warranty from the CPO program! Was still able to haggle with the dealers somewhat.

But basically the dealers don't give you a discount whether you finance it or pay in full. It used to be where they'd give you more of a discount if you paid in full.
Yea, that discount is long gone, well in our case it was anyways too..

When the Queen(My GF) was buying her jeep, we asked if we paid cash now can we get more off the price already given? We were told no.. We were told if we use our own financing though, we would get an extra 1000 off, I was taken back by that.. So that was a no brainer there, since her credit union gave her a rate of less then 4%. The dealer didn't have 0% intrest rate at the time, but she got a smokin deal..
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Old 01-18-2011, 07:15 PM   #29  
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well I ended up buying a slightly used 2009 certified pre-owned nissan altima 2.5s instead of the earlier models which I learned where some of them were plagued with engine problems up until the 2005 models. The 2007+ models now have that variable control transmission and the intelligent keyfob security systems.

I'm just still amazed by how much power it has for a 4 cylinder and that it gets better gas mileage than my old 96 corolla.

So I lucked out in getting the altima certified from the dealer. I not only still get the nissan 3yr warranty since it's an 09 and I get the 7yr/100k mile warranty from the CPO program! Was still able to haggle with the dealers somewhat.

But basically the dealers don't give you a discount whether you finance it or pay in full. It used to be where they'd give you more of a discount if you paid in full.
A lot of technology has changed in vehicles since your 96 Corolla. While that 4 cylinder engine isn't exactly potent, your CVT(continously variable transmission) extracts as much power as possible. Because it has an infinite number of possible gear ratios, the ECM module is constantly crunching numbers to make sure that it is operating the engine at exactly the optimal speed to balance fuel and efficiency. You need power and floor the gas? The transmission immediately zooms to the peak of your engine's powerband and keeps it there as long as necessary. Once your need for power is over, it maintains a ratio that then maximizes fuel economy. Basically you get the convenience of an automatic, performance of a manual, and fuel economy greater than either delivers.

One of the reasons why the dealer won't give you a better discount for paying in cash, is that they are often given a payment by the banks for setting up your financing with them. They might actually earn more money by financing you through one of their partnering lending institutions as a result.
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Old 01-18-2011, 08:06 PM   #30  
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A lot of technology has changed in vehicles since your 96 Corolla. While that 4 cylinder engine isn't exactly potent, your CVT(continously variable transmission) extracts as much power as possible. Because it has an infinite number of possible gear ratios, the ECM module is constantly crunching numbers to make sure that it is operating the engine at exactly the optimal speed to balance fuel and efficiency. You need power and floor the gas? The transmission immediately zooms to the peak of your engine's powerband and keeps it there as long as necessary. Once your need for power is over, it maintains a ratio that then maximizes fuel economy. Basically you get the convenience of an automatic, performance of a manual, and fuel economy greater than either delivers.

One of the reasons why the dealer won't give you a better discount for paying in cash, is that they are often given a payment by the banks for setting up your financing with them. They might actually earn more money by financing you through one of their partnering lending institutions as a result.
That's true to, but they offered her more off for using her own.. SO what's the method to that madness???
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