How does Ford rebate work ?

I mean, I understand it is $3000 off a Mach 1 now.. but if a dealer sells a Mach at $25000 after rebate.. is that the best they can do ?

I look at this way.. Kelly Blue Book(kbb.com) says invoice on a new Mach1 is at 26849. If a dealer sells the car at $28000.. He is still like $1200 over invoice.. THEN subract the rebate. that is the 25000 they offer the car at.

So a better way to think it would be then Ford is discounting their cars $3000 so invoice is 26849 - 3000 is 23849.. anything over that is dealer's profit ?

~still~ looking..

dave

Reply to
Dave
Loading thread data ...

I was thinking the same thing when I bought my new `03 GT vert a few weeks ago with the $2500 rebate. But I did not have any extra haggling power because I was looking for something specific, and there were not many `03's left in the exact configuration I wanted. I called ten dealer's before I found the car I wanted (silver GT vert, auto). The dealer was aware of my situation... even when I was calling other dealers earlier asking for an '03 silver GT vert auto, most of them answered the phone, "can you be more specific?". So, it's a question of how fussy you are about what you want. In my situation, I was faced with either paying "top dollar" for the `03 but with the $2500 rebate, OR just ordering an `04 with NO rebate and probably being able to haggle some, but I doubt I'd be able to haggle a whole $2500 off the new price... or to do so I'd have to visit a bunch of different dealers and fight like a dog to do it, and I don't have time or that... so going the rebate route netted me the exact car I wanted for the least amount possible the best I can figure. Since there is no physical difference between the `03 and `04, it doesn't matter... and I don't plan to sell the car anytime soon so the model year itself means nothing. If you are not fussy about the color and are willing to take just about any `03 the dealer has laying around, you will have better luck trying to haggle on a rebate car. The rebate program definitely seems to be a great thing for the dealers. As for trying to get the best price on the planet... remember, you can wind up spending $2000 worth of your personal time and effort just to save $500 on a purchase... there comes a point where excessive searching and haggling can be VERY inefficient. The best plan is to find what you want, try to get the best deal you can without excessive time and effort wasted (like within a few days tops, not weeks or months), and then just pull the trigger, get the car and start enjoying it while you're still alive. And don't feel bad when someone else tells you they got the same exact car for $500 less or whatever, because chances are they wasted weeks of extra time and effort to make that happen... in which case you actually got a much better deal.

Reply to
GT-Vert-03

One negotiating ploy is to arrange your financing before visiting a dealer. It's easy enough to determine the value of your trade if you plan on trading one in. Auto loan lenders can tell you how much they will loan against a vehicle. Arriving at a dealer with a check in hand is a big plus, they'll bend over backwards to keep you from leaving with that check. Believe me I've watched my son do it. The dealer even opened on a Sunday to complete the transaction and deliver the vehicle because he was traveling out of state the next day.

Reply to
Fred Brown

You have to show up with a check in hand and get up to leave at twice. I wish it weren't so, but that's the way the dealers have made the game work. It also *really* helps if you genuinely don't have your heart set on buying a car, remember, they'll make new cars next year and the year after and the year after that.

Dana

Reply to
Dana Myers

The key is to be prepared, know the wholesale value of your vehicle and the average selling price of the vehicle you want to purchase. With you holding that check in your hand the dealer knows that you are a qualified buyer. They are more inclined to negotiate with you than a potential buyer who hasn't secured financing yet.

Reply to
Fred Brown

Auto buying technique in a nutshell. Good post. Howard

Reply to
hnelson

MotorsForum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.