Hi guys,

This forum came highly recommended so I decided to sign on up.

I'm looking to trade in my 07 Scion tC with 47,000 miles for a 09 F150.

Here are the details on the truck I'm looking at:

09 F150 4x4 SS S/C
5.4L FFV 6 S-SPD AUTO
BRIGHT RED CLEARCOAT
STONE INTERIOR PREM CLOTH 40/20/40

Standard MSRP is $32,100

With extra options...

Engine - 630
SHift on fly - 160
Sync - 395
Trailer Tow - 495
Drivers Package - 225
XLT Chrome Package - 1420
Dest Charge - 975
XLT Sync Chrome / Tow Discount of $1,000

Puts total MSRP at $35,750.

Salesman is giving me a $2850 discount to put it at $32,900 then a $4,000 rebate (not $5k because not financing with fords rediculous 8.9% interest rate) to put it at $27,900

I am trading in my car...KBB shows its worth $10,1xx, they are only giving me $9k, which is understandable with high miles and tires are almost bald.

This puts the total price at $19,900

What do you think?

It is red, but I am going to ask him to find me the same truck Blue Flame Metallic... Color looks awesome...

 

Other forum members have posted XLT selling prices. It seems to me you have a fair price but further discounting is possible.

Best advice I can give you, buy only the truck that you are happy to own immediately and in the long term. If the blue flame is a must, don't settle for another color.

 

Sounds like a nice truck.

x2 on not settling for a color you don't want. It might make you very upset when you see the truck you wanted driving in the lane next to you.

 

I took the extra $1000 for Ford Financing at the crazy 8.9%. Just before my first payment was due in 45 days, I refinanced with State Farm at 5.25% and my first payment was now not due for another 45 days.

So I got the $1000 rebate and didn't have a payment for 90 days.

 

go thru ford get the extra rebate then refi just before the first payment get pay off from fmc and refi i did it.

 

do itt!!!!!! blue flame looks awesome

 

Here is another interesting thing...somehow he came up with 18,900 if i took the ford financing...then he said at 8.9% my payment would be $389 for 72 months.

I kind of thought, gee, that seems REDICULOUSLY high. I checked on multiple auto loan calculators and for a 18,900 loan for 72 months I am coming up with $339.75. Is the dealer trying to pull something over my head?

 

What you are not fiquring are taxes, title, doc fees, etc and the big one is probably some bs extended warranty. At 8.9% you are paying about $18 per $1000 financed. So, there it sounds like they are adding about $2700 worth of other things to the note.

 

No extra warranty, and TTL wont be that high because i'm not sure if it's like this in other states but in CT they deduct your trade in off the price in determining how much you have to pay in sales tax. An extra $50 a month is pretty crazy!

 

72 months is a long time man.

 

Same thing on the taxes here.

Have the salesman write the order showing the bottom line at 18900, interest rate and term (without showing a payment). Then when you get to the finance guys, they should qoute the correct payment. You can even haggle over the rate at that point.

 

My advice would be to never finance a vehicle for more than 60 months anyway. If you can do it that is. Your probably going to want to upgrade to another F-150 after a few years, and you'll more than likely be upside down if you go with the 72... just a suggestion.. And you can probably stick them for a TAD more off the price I think..

 

No doubt, I will not be doing a 72 month loan, 60 MAX. I was flabbergasted when I saw the 72 months...the 389 I was OK with, as that should be how much it costs for 60 months. ($391.42 according to the calculator).

Do you think I'll be upside down even only having $18,900 in the truck?

 

UPDATE - they found one in blue flame metallic...waiting to hear back from playing telephone tag.

 

If the market stays where it is you will probably be okay...if gas hits $5 a gallon then I would be concerned. Then again, if you plan on keeping it who cares. If you think its worth 18.9k then thats the bottom line.