How much should I pay for a used 2003 3.0 CVT?
11-24-2002, 04:00 PM
#1
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How much should I pay for a used 2003 3.0 CVT?
for sale by dealer. the car has 3000 miles. it also has a Full Leather option which i don't really want.
how much below invoice should i pay?
btw, I have the option to custom order (3 month wait) a new 2003 3.0 CVT for $1000 over invoice plus 1.9% financing. I believe I'll need to pay about 6% intrest to finance the use car.
how much below invoice should i pay?
btw, I have the option to custom order (3 month wait) a new 2003 3.0 CVT for $1000 over invoice plus 1.9% financing. I believe I'll need to pay about 6% intrest to finance the use car.
11-24-2002, 10:19 PM
#2
No data on the market for an almost new CVT. Don't think anyone here has sold one yet.
A car is only worth what someone is willing to pay for it. Demand dictates everything. If dealer can sell lots of new CVTs, they shouldn't have a problem selling an almost new one.
Sounds like the dealer had an un-wind. That means they gave the car to the customer after signing papers on the gamble that the bank would approve the deal after the fact. A number of things can happen to make the deal fall apart. Dealer takes too large a risk knowing customer may not get financed, customer mis-represented something on the credit application, etc. Now the car is basically new, but to the next customer, they see a used car. Dealer still owes or has paid AoA the invoice cost very recently. How much a loss they are willing to take, depends on how easily they think they'll sell the car.
If the car has been used as a demo and never registered, then technically it is still a new car as far as the DMV and warranty are concerned.
All you can do is ask.
Sounds like the dealer had an un-wind. That means they gave the car to the customer after signing papers on the gamble that the bank would approve the deal after the fact. A number of things can happen to make the deal fall apart. Dealer takes too large a risk knowing customer may not get financed, customer mis-represented something on the credit application, etc. Now the car is basically new, but to the next customer, they see a used car. Dealer still owes or has paid AoA the invoice cost very recently. How much a loss they are willing to take, depends on how easily they think they'll sell the car.
If the car has been used as a demo and never registered, then technically it is still a new car as far as the DMV and warranty are concerned.
All you can do is ask.
11-25-2002, 07:44 AM
#4
Very odd as that person would to have spent thousands in depreciation.
Oh well. I'd try a few percent below invoice and watch for the reaction. Adjust upward as needed, or you feel you'd rather have the ordered car.
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