Is this a good deal?
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CF Beginner
Joined: May 2012
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Is this a good deal?
2007 Suburban LTZ, 4x4, Bermuda Blue. All options except Nav and power running boards. I love the black interior and the quad heated seats.
The issues: No headphones for the rear entertainment, lower part of the front plastic fender is cracked (about 2 inches long), steering wheel is peeling
Asking price is $19400, firm, from a dealership. Ive checked the NADA and KBB sites, I've also checked ebay and the internet. It's a nice truck, its local, but I've seen others out there for about the same.
Am I crazy to be thinking it over? I offered $18500, they refused. The sales person said "If I can get it to $18900 would you take it?" I told him again, $18500...but if he did $18750, I'd take it. The manager still comes back with $19400.
Whats a good price for this?
The issues: No headphones for the rear entertainment, lower part of the front plastic fender is cracked (about 2 inches long), steering wheel is peeling
Asking price is $19400, firm, from a dealership. Ive checked the NADA and KBB sites, I've also checked ebay and the internet. It's a nice truck, its local, but I've seen others out there for about the same.
Am I crazy to be thinking it over? I offered $18500, they refused. The sales person said "If I can get it to $18900 would you take it?" I told him again, $18500...but if he did $18750, I'd take it. The manager still comes back with $19400.
Whats a good price for this?
CF Senior Member
Joined: Mar 2011
Posts: 529
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From: Hicksville Ks
no. at least around here... it depends on your area/market. there ain't no way I'd pay double digits for a truck already over 100k.... (well thanks to an ex-wife there ain't no way I'll ever pay double digits for any vehicle... lol) plus, 07 really ain't that new no more... but then again depending on your area...
:chug:
:chug:
Last edited by hicksvilleshick; May 8, 2012 at 6:47 PM.
CF Junior Member
Joined: Feb 2012
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Let me give a different opinion. The dealership pretty much knows they will EVENTUALLY get someone to pay almost their asking price. There's really no question of IF, it's just about how long it will be before the right buyer comes along.
The rear seat headphones, honestly, unless all you do is long drives with your kids in the back and they actually watch the DVD player on the ceiling, you will never use those things. If you really want them, you can probably get them to order the things.
The steering wheel, on the other hand, would irritate me. I would insist they repair it as a condition of the sale.
Repairing the plastic crack would cost over $500 from a body shop and the dealership's body department may estimate it even higher than that. But most of it would be labor. This is another thing you could probably get them to repair as a condition of the sale, because it really only costs them a little bit in parts, and some labor that they have plenty of available.
As far as the miles go, here is how you make that decision. Is this truck going to start falling apart at 100k? Unless you are really unlucky, no, it won't. How many miles a year do you plan to drive it? How long until it hits 200k? So how many years will that $19k truck last you before you have to resell it for $5k or drive it until it quits?
How does the above math compare to if you purchased a new truck with 0 miles on it, a slightly lower interest rate, warranty for several years (so no out-of-pocket repairs), and paid $50k for it instead of $19k?
The dealer knows there are plenty of people who will come down on either side of that choice due to driving habits, their budget, what used vehicle they happen to have vs the ability to order any new configuration the customer wants, etc. Eventually, somebody will pay them $19k for that thing, I assure you. And that person may not be foolish, they may just intend on driving it 5k miles a year instead of 17k.
I drive about 5k a year and I have TWO trucks now. I just put fuel in both of them this week and I might not visit a gas pump until June. $0.02.
The rear seat headphones, honestly, unless all you do is long drives with your kids in the back and they actually watch the DVD player on the ceiling, you will never use those things. If you really want them, you can probably get them to order the things.
The steering wheel, on the other hand, would irritate me. I would insist they repair it as a condition of the sale.
Repairing the plastic crack would cost over $500 from a body shop and the dealership's body department may estimate it even higher than that. But most of it would be labor. This is another thing you could probably get them to repair as a condition of the sale, because it really only costs them a little bit in parts, and some labor that they have plenty of available.
As far as the miles go, here is how you make that decision. Is this truck going to start falling apart at 100k? Unless you are really unlucky, no, it won't. How many miles a year do you plan to drive it? How long until it hits 200k? So how many years will that $19k truck last you before you have to resell it for $5k or drive it until it quits?
How does the above math compare to if you purchased a new truck with 0 miles on it, a slightly lower interest rate, warranty for several years (so no out-of-pocket repairs), and paid $50k for it instead of $19k?
The dealer knows there are plenty of people who will come down on either side of that choice due to driving habits, their budget, what used vehicle they happen to have vs the ability to order any new configuration the customer wants, etc. Eventually, somebody will pay them $19k for that thing, I assure you. And that person may not be foolish, they may just intend on driving it 5k miles a year instead of 17k.
I drive about 5k a year and I have TWO trucks now. I just put fuel in both of them this week and I might not visit a gas pump until June. $0.02.
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