I would like to buy a 2013 Chevrolet Spark. The sticker price is $14,300. He told me that it's only a couple of hundred above invoice. According to truecar.com that is not true. Also, they offered me two scenarios with bad credit. One was a $3,000 deposit with $350 x 72 payments. The other was a $4,000 deposit with $325 x 72 payments. My trade in is a Ford Escape 2007 in good condition. I owe $7,225 on it. I have negative equity in the vehicle. I owe more than it's worth by $1,000 and then they have to resell it so its more like $3,000. I have 92k miles on it.
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And no, I am not way off. I also have to feed my family and half the inquiries on my credit were illegal and put their by shady dealership. I have also helped dozens of people who have been burned by them. I have facts, you have opinions.
I too have helped people buy and sell cars - that's how I made my living for 10 years - the situation Melissa's in doesn't look like the situation you were in - you should have published my comment on your hub where we could have discussed it futher
Thank you for giving me your input. But even when I try for a car that's worth $17,000 I still get double the cost of the car in the transaction. I thought $14,300 would work out. I've decided to hold off for six months and try again in April 2014.
Ah thanks. The reason why is because my new job requires me to travel 50 miles a day. I thought that a nice econo car would cut my gas bill in half because the Escape gets 20 mpg and the Spark can get up to 47 mpg.
Try a Kia Spectra. 9,000 for a 09' good reliable car that does 31 per gallon. It would also be a sensible, suitable vehicle. Have had one for awhile now and not one issue. I wouldn't touch a spark. Find me a non rusty chevrolet sedan.
Thanks for the tip. :)
Also, avoid their "extra warranties" like the plague.
cfin, you're way off here brother. Just because you had a bad experience doesn't mean every dealership is out to ge you. Yes, dealerships need to make money, that's how they feed their families. Let's find out how to help Melissa not confuse her.
@ David, Obviously you are, or know a car dealer. I have been burned 3 times by dealerships. Checking my credit without permission, and lying about numerous things. My opinion is based on facts. Not all, but most car dealers I know are corrupt.
I sold cars for 10 years ethically and honestly and made a good living doing it. I know how a dealer works. I replied to your hub once about dealers hoping to have a honest debate, this isn't the place, you should publish my comment...
I am unbiased. I just state facts. You are biased. My father dealt in cars for 20 years and left the business because he couldn't stand the dishonesty of it. Simple as.
We're both biased - be honest - dealers who operate like it's the 80's are finished - the market will not allow for it, let's take this discussion to your Hub...
I just did, and no, I am not biased. I am a consumer rights advocate.
Thank you for your advice.
I think cfin has valid arguments. But you must understand that the dealer has to make money off of a car. Why would they not want a profit? They don't know you, and they're in the business to make money. That said there is no "deal"
@ jawdawg. I understand a profit is needed, but in this case, and in many cases, the dealership pushes too hard and takes the arm and the whole hand, leaving the customer feeling robbed.
Its sad but happens all to often.