I think the rebates are different depending on where you are in the country. It's $4500 in the midatlantic right now. The way to figure it out is to go to the ford website on the f150 page, click on pricing, click on view all incentives, enter your zip code, then make sure to change it from reg cab to supercrew.

 

I see two problems. 1) the maintenance plan is very pricey. Tell them you do not want it, otherwise your wife will not sign. Just pay as you go.
2) the trade in/sales price. Most people don't think much about trade in value...they try to get as much as they can, but often miss. Here's how the process goes. The salesman takes the car to his used car manager, who then appraises the car. 90% of the time they use the "black Book" which is only available to dealers and is a weekly average of what vehicles are bringing at auto auctions. This is reasonable, because if they went to buy your car at auction, this is the most they would bid. Avg. Black book usually runs about the same as the kelley blue book fair trade in value (kbb). Now the used car manager is bidding on your car just like the auction. If your trade is in great shape, clean, no mechanical issues, never painted,etc, you can easily get them to "bump the trade" $500-1000. Sometimes, the salesman has authority to "hold on the trade", which means he gets an offer of $4000 from his used car manager, but tells you $3000, it's pretty rare, but it happens. They way to keep everyone straight is to know what your car is worth. I always take my car to carmax for an appraisal first, they will buy your car from you. NEVER tell the dealer you did this, because they'll work harder for your deal if they think you need to trade it in with them.

If your trade was fairly valued, then I would say you got a fair deal, not great, but fair. Invoice on the truck is about $35,600, and there may be an additional $600 in gas charges and marketing costs, so say around $36,200. Take the $4500 in rebates off, and you're at $31,700. At $32999, they gave you $1900 off and made $1200. It's fair, and I would say it is probably about average nowadays for the number 1 selling truck in America. Dealers are buying less inventory, and are therefore holding more on what they have. If you want to buy a truck at invoice, you better go to a struggling dealer, and be ready to fight for it for about three hours. You also better go to edmunds and know the invoice, kbb and know your trade in value. Or you could allow their business to discount the vehicle, make a little profit, and you get a GREAT new truck. I'd be happy if I were you.

 

The only issue I see is the cost of the warranty. I paid $1,200 for the exact same warranty. They started at $3K and I kept refusing it until they came down to the $1,200. I figured what the heck. My '06 gave me a few issues where this would have come in handy. To me it was cheap insurance.

 

All in all, I don't think you made out too poorly... The maintanance plan sounds pricey as noted previously... Is it just maintanance or extended warranty too? If both, it's still pricey but not THAT bad. Did they give you any extras? Any dealer add-ons? I'd still go back and try to re-negotiate. Maybe you can get a better deal. If you can't, don't sweat it. You got a decent deal. After all, you did end up with a Lariat F-150... How bad of a deal is that?

 

Zach. Keep in mind you can cancel the warranty and get a complete refund. They might tell you can't, but you can! Be firm and don't let them push you around!!

 

I assume the "usaf" in your member name means you are in the Air Force. Dealers in military towns are very skilled in hosing you guys in every way they can.

 

I think the price is fine. That's about all I could get down to on my Lariat.

 

Here's my view of extended warranties, which I think is what you bought and not a "service" plan. It all depends on how much you're going to drive. Extended warranties are good if you put a lot of miles on a vehicle. Ford's "bumper - bumper" warranty is only 3 years or 36K miles. Most people put more than 12K miles a year on their vehicles. Therefore your factory warranty runs out before the 3 year limit. Lets say your air conditioner or some other major component (outside the drive train) craps out at 40K miles. It could cost you a bundle to get it fixed. It would be covered (probably with a deductible) by the extended warranty. At 75K miles you probably have a 5 or 6 year time limit, so you basically have doubled the "bumper - bumper" portion of the warranty. Ford's power train warranty is 5 years or 60K miles. If we say your extended warranty is 6 years or 75K you've added a year and 15K miles to your basic warranty. Major power train failures occur later as the mileage adds up.

Now if you don't put many miles on a vehicle or you don't keep vehicles for more than a few years, an extended warranty isn't a good idea. The sticker shock on extended warranties is tremendous. If you're having second thoughts check out the cancellation clauses. Each state is different, and your lender may require a cancellation clause on them.

Personally I have gone both ways. I have had vehicles with EW's that never had a problem and I didn't need the EW, and I've had vehicles where I was glad I had the EW, because it saved me a bunch of money when something broke.

As far as oil changes I got 2 years of free oil changes redeemable every 3,000 miles.

 

I think you paid all the money for the service contract and got just an okay deal on the truck but unless you can show fraud you have no legal grounds to nix the deal.

Just because you went into a dealership with no intention of buying a truck and then allowed them the "pressure" you into buying a new truck you did agree to the deal and signed the contract. The dealer allowed you to take the truck with your assurance that your wife would be in to sign the contract. You do have them over the barrel there, if your wife's name is on the contract and she doesn't sign it they do not have a cash-able contract.

I say shame on you for not manning up to the deal you agreed to when you drove the truck off the lot and for not doing your homework before stepping foot on the dealers lot and then coming here looking for assurance you didn't get screwed or a way to weasel out of the deal.

 

Bottom line...it's too late to do anything about it now. Just enjoy your new truck!

 

I agree. Tell them you don't want it unless you can get it at a much lower price.
My buddy sells extended warranties and maintenance packages and they always negotiate. You have the upper hand without your wife's signature.
They will probably give it to you for $1200 if you really want it.

 

You are not too sharp, are you.

 

if your not happy dont buy it, press them for more off but dont bu the service plan, and hit them for that extra 1000 on your trad thats a low number to stand between them and a car deal. I hate to tell people they got a bad deal,but i do if i think so. and no you didnt get a bad deal, however i do disagree with you buying the extended service...(my experience is years as sale, f&i, as well as a service advisor and service manager) my suguestion is what is being called the dirty warranty. take the money you would have spent on a warranty, put it in a cd or savings account for 2 or 3 years, once it has matured you should hae enough cash on hand to cover any midlevel repairs, and if you dont have to spend it once you replace that vehicle its yours to keep to do with what you wish. and as always congratulations on your new purchase and i hope you get many years of reliable service out of it. and pay your taxes cash dont pay intrest on taxes thats just stupid .....

 

You'll really drive yourself crazy asking what others paid. Markets are somewhat local, what a truck goes for in Washington state is different then what the same truck would sell for in Alabama. Big city/little town, how many hungry dealers in your area, etc, etc. Also,don't believe everything you read on the net, people naturally tend to sweeten the deal they made for some reason. To some people it's worth a week of haggling, walking off the lot, whatever, to save a few bucks. Others go in blind and get killed. I try to find a happy medium.

I will say you seem to have made a really big impulse buy. The deal you made is the deal you made, honor it. Dealers aren't my favorite people, but they did several hours of work, finance, vehicle prep, and let you drive off a zero mile vehicle (I assume) Buyers remorse shouldn't let you walk away scot free.

As far as the warranty/service, I got both on my 2010, a first for me. I negotiated pretty hard on these and got what I consider to be a fair deal. For the next 7 years, 75,000 miles, I'll only have to pay for tires. My oil gets changed every 5000, tires rotated, wiper blades, hoses, whatever. I keep vehicles for many years, so locking in my maintenance costs in todays dollars worked for me. The reason I went with the extended warranty is because I priced a few of the electrical components on this model. I'm pretty old school, I trust my drive train will last, I'm not as confident in the sync, electrical speedo unit, sensors, and all the other bells and whistles not failing in the 4 years after my factory warranty runs out. One failure will pay for the warranty, if nothing breaks I bought 7 years worth of peace of mind. Worth it to me.

Good luck with the whole wife thing.

 

this thread made me think about when i got my 2009 lariat with everything under the sun, as soon as i signed the papers they kept pushing me for the extended warranty because "i had a lot of extra options and those options could go bad"...i kept telling them NO and they finally got the point...it really p*ssed me off that they kept pushing for the extra warranty, i just paid 38K for a truck and they basically made it sound like i was buying a lemon...it's like if you go to best buy and they want you to buy an extended maintenance warranty...if you pay for a good product you should not have any worries about it needing repair in the future (at least in the near future)...i took my chances when i bought my 07 and now with my 09, the thing runs great and i'm not looking back or looking for the rip off of an "extended" warranty (with 1,000 discrepancies).