Automotive

Need Advice on New car purchase

  • Last Updated:
  • Nov 5th, 2007 8:28 pm
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Deal Addict
Sep 27, 2005
1147 posts
337 upvotes
gman1975 wrote: Thanks for all the help.

I bought a 2007 Ford Five Hundred SEL
inc. power package, convenience package, moonroof, leather and tinted windows.

List price on this car was $35,189 plus $225 admin $10 license and pst/gst
would have been $40,382...........ouch

Got the demo from Thorncrest Ford in Toronto today for:
$22716.50 out the door PLUS got 0% interest for 60 months

Now that is a deal..........a 1/2 price demo!!!!!!!!!!!!!!!!!!
OMG!!!!!!!!!!!! The dealer just called me, they increased the incentives on Saturday and he just reduced the price by another $5240 to $15,090.92 PLUS taxes = $17,510.15 out the door. The only kicker is now the interest rate is 4.9% for 60 months but even still the payments went down $52 a month. So all total he just saved me another $3120 after interest is factored in.

Canadian Blackbook wholesale is $15,500 to $17,000 and retail is $18,000 to $20,000. I could flip this car and make money.

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