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SVTPerformance's Chain of Restaurants
Road Side Pub
Stealership guys - inside
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<blockquote data-quote="Grabber" data-source="post: 15343649" data-attributes="member: 70485"><p>So, just to clear some things up.</p><p></p><p>The thread title was "sarcasm" and a poke toward one of the dealer guys I know here (13COBRA)</p><p></p><p>2nd, I make plenty of money to cover both cars. Here in lies the issue.</p><p></p><p>I bought the Mustang and then the Explorer. I don't drive my Mustang in Winter. Reason for the 2nd car. I've had the Explorer for one year. THIS is the reason for negative equity, not because I cannot afford to make payments. I've had the Mustang for 2 years now, again, THIS is the reason for negative equity. </p><p></p><p>Good example of where my sarcasm stems from aside from the jokes that 13COBRA throws out which cracks me up. </p><p></p><p>I traded in my 07 GT as my wife (was my wife's car at time of trade in since I bought another car) and bought a Volt. The dealer ship offered her 14K and even though the car was in an accident, we were expecting a 10K offer. They sold it for over $19,500 and here's the interesting part. The owner came by and thanked me and said this is one of the cleanest and most presented cars they've seen come through here. </p><p></p><p>Now, I'm sure the dealer will "clean it up" but, my work of hundreds of hours of detailing on a higher than amateur level show when people see the cars I own. Again, they didn't need to spend money on detailing it, buffing the paint, cleaning the carpets, interior, etc. It was ready to be sold. They had the car listed in 1 day after I traded it in. They made over $5,000 on that sale, maybe a bit less depending on the internal fees and such dealers have.</p><p></p><p>Now, moving on. My heart is no longer in my Mustang. My wife and I are planning on having kids, and a Mustang is not an ideal choice and we do not need 3 cars, since she has her Volt which will be paid off in 2 years. I want something I can drive all the time and have room for my Bikes, detailing equipment, moving large pieces of furniture, etc. and I want something new. I've mostly had used cars my whole life so this is why I'm trying to trade up.</p><p></p><p>Personally, I wouldn't low-ball a dealer, but, I shouldn't have to deal with them trying their hardest to convince me my car is worth shit.</p><p></p><p>Taxes are 10% here, but, you pay the difference between trade ins and the cost of the new vehicle. So, in this case, It would be $28,000-$30,000 + $9,000-$10,000 (Oh, the price you listed at 50K is WAY more than I would end up paying. I've already found a Sport with a 401A option which is what we want for $43,xxx.) and the difference is taxed. We would pay tax on roughly 7-9K which saves me some money.</p><p></p><p>I started this thread with the notion in my mind I'd be taking a hit, again , NOT because I am behind on payments or something retarded, but, because of how new the lein on my cars are. I know I will lost money on this. </p><p></p><p>Part of my reason to part my Mustang out and make a few thousand back is to pay down my cars more so the hit is not as bad. </p><p></p><p>Hope this explains it and you don't take anything I'm saying as me being arrogant, or overly-sarcastic, etc. </p><p></p><p>I'm just trying to get an idea from different people other than posting on a local forum where more people know of me and will probably give me a hard time about selling my cars so quickly or changing my mind, etc.</p></blockquote><p></p>
[QUOTE="Grabber, post: 15343649, member: 70485"] So, just to clear some things up. The thread title was "sarcasm" and a poke toward one of the dealer guys I know here (13COBRA) 2nd, I make plenty of money to cover both cars. Here in lies the issue. I bought the Mustang and then the Explorer. I don't drive my Mustang in Winter. Reason for the 2nd car. I've had the Explorer for one year. THIS is the reason for negative equity, not because I cannot afford to make payments. I've had the Mustang for 2 years now, again, THIS is the reason for negative equity. Good example of where my sarcasm stems from aside from the jokes that 13COBRA throws out which cracks me up. I traded in my 07 GT as my wife (was my wife's car at time of trade in since I bought another car) and bought a Volt. The dealer ship offered her 14K and even though the car was in an accident, we were expecting a 10K offer. They sold it for over $19,500 and here's the interesting part. The owner came by and thanked me and said this is one of the cleanest and most presented cars they've seen come through here. Now, I'm sure the dealer will "clean it up" but, my work of hundreds of hours of detailing on a higher than amateur level show when people see the cars I own. Again, they didn't need to spend money on detailing it, buffing the paint, cleaning the carpets, interior, etc. It was ready to be sold. They had the car listed in 1 day after I traded it in. They made over $5,000 on that sale, maybe a bit less depending on the internal fees and such dealers have. Now, moving on. My heart is no longer in my Mustang. My wife and I are planning on having kids, and a Mustang is not an ideal choice and we do not need 3 cars, since she has her Volt which will be paid off in 2 years. I want something I can drive all the time and have room for my Bikes, detailing equipment, moving large pieces of furniture, etc. and I want something new. I've mostly had used cars my whole life so this is why I'm trying to trade up. Personally, I wouldn't low-ball a dealer, but, I shouldn't have to deal with them trying their hardest to convince me my car is worth shit. Taxes are 10% here, but, you pay the difference between trade ins and the cost of the new vehicle. So, in this case, It would be $28,000-$30,000 + $9,000-$10,000 (Oh, the price you listed at 50K is WAY more than I would end up paying. I've already found a Sport with a 401A option which is what we want for $43,xxx.) and the difference is taxed. We would pay tax on roughly 7-9K which saves me some money. I started this thread with the notion in my mind I'd be taking a hit, again , NOT because I am behind on payments or something retarded, but, because of how new the lein on my cars are. I know I will lost money on this. Part of my reason to part my Mustang out and make a few thousand back is to pay down my cars more so the hit is not as bad. Hope this explains it and you don't take anything I'm saying as me being arrogant, or overly-sarcastic, etc. I'm just trying to get an idea from different people other than posting on a local forum where more people know of me and will probably give me a hard time about selling my cars so quickly or changing my mind, etc. [/QUOTE]
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