Iguess the real question is who works in the finance game??????

I've been here a few months now and have seen some guys that work for ford. I need someone w/ some knowledge of the finance game (SHUT THE FUCK UP PAT, OR YOUR PIC GOES BACK IN MY SIG ) Right now i have a deal on the table for an 04 gt w/26,000 miles, leather, power everything, only thing touched is exhaust otherwise bone stock. I'm trading my 03 gsxr 600 and 500$ only reason for the money is i owe 3800 on the bike still. total financed $18,800, dont want to end up like bedore any intelligent info would be appreciated. they're giving me 4600 for my bike

 

 

come on pat your the big dawg in here who works for ford??? or can you say if its worth it or not??

 

i don't get your question.

but i would NOT pay 18k in finance charges.

what is the amount you are financing?

 

basically i'm giving them my bike still oweing 3800.
theyre giving me 4600 for the bike
i'm giving them 500$ to help toward the 3800 owed on the bike

total borrowed after the bike and 500$

18,800

seen alot of the exact cars online for around 21,000 ave, main question,

Am i getting hosed?????? I see where i wrote finance charges, see that just proves how bad i am at this!!

 

What's the starting price on the car?

Here's some quick numbers
edmunds.com has the TMV (True Market Value) at 16,700 for that car
Trade In: 4600
Minus what you owe: 3800
That's $800 leftover
+$500
----------
$1300 Down
-------------

$16700
-1300
-------
$15400 - That's the number you should be financing at the TMV i looked up on edmunds.com, not including tax,tag,title, and dealer fees. They always hide money in the deal somewhere. But then again if I was selling them I would too .
This article is long, but will help you out on buying a car to "beat" the sales MANAGER, the salesman is just a pawn

Confessions of a Car Salesman

 

That All Makes Sence But I Havent Found 1, 04 Gt For Under 18k And Those Are Starting Price. When I First Started Neg On This Car The Start Price Was 19,999. Plus Tax Tag Etc. Etc. I Told Them Keep My Payments At 330 A Month And We Have A Deal So Theyre Working On Price Trade And All That Shit To Make It Work Out To Be 330 A Month. So Basically The Way I Understand It Now Is Either They Get Me A Better Finance Rate Or Drop The Price Of The Car To Get Me In My Payment Range. But Wtf Do I Know??????

 

I would talk bottom dollar. Don't tell them a payment. They will pull some extended term bullshit! Which Ford?

 

it was red hoagland gmc but i pulled out, i'm good at that

 

Red Hoagland in Bradenton? yeah get out of there, haha...

I use to sell cars for Bill Currie up in Tampa, and yes.. talk bottom dollar... on avg its $200-250 p/m per 10k financed... Dealers are always going to be a lil bit more.. and you're going to get lowballed on your bike like most dealers will... Plus side, is that you get tax savings on your trade in. I will say you can find Mach 1's for right around that price though... and we all know Mach 1>2v GT.. again, make sure you're talking bottom dollar, once that bottom dollar falls where you need it to, the payments will work out...

Here's a lil helper from BankofAmerica.. a payment calculator...

Bank of America | Financial Education and Tools