Is this a good deal?

Question

$2,500.00 down. $150.00 per month. For 36 months. At a tottal cost when all is said and done at $7,900.00 for a 2003 dodge neon in excellent condition with 76000 miles on it? Is this a good deal, or a suckers deal? What would you advise? Thanks all.

Answer 1

I don't think so.
Check around for something else I'm sure you find a better deal.
Good luck.

Answer 2

What is the actual cost of the vehicle and what is the interest rate on the loan? You seem to already be including the interest in your total cost. $2500 + ($150 * 36) = $7900. Any car is a bad deal if you're getting a high interest loan.

As to whether it's a good deal or not, it's hard to say. You don't mention what options the Neon has. I think the standard advice applies -- check the estimated value at all the regular sites to make sure you're getting a fair price:
http://www.edmunds.com/tmv/used/index.html
http://nada.com
http://kbb.com

Answer 3

The price is way too high given the Neon's poor reliability and depreciation.
I'd come down another 1500 or more. Check kbb.com or edmunds.com to get a ballpark value.

Answer 4

Dodge Neons have head gasket problems. They are some of the worst cars on the road. Dodge cars interior tends not to hold up well. MOST American 4 cylinder cars tend not to hold up well, and about all of Dodge's 4cyl. cars don't hold up well at all. As for the price I think it is high. They also have very poor resale value.

Answer 5

I have a 2002 that I am selling for 3500.I bet if you look around you could find a better deal.

Answer 6

sounds like a suckers deal to me

Answer 7

Sounds overpriced, and the dealer is ripping you off.