question about buying new cars?

Question

does anybody know what kind of price drop i can expect on a 25,000 2007 mustang when the 2008 comes out. and when the new models do come out?

Answer 1

The "Year End Clearance" sale has been going on for 2 months now!
2008s are already on the dealers lots.
Since inventories are already diminished & incentives vary depending on regions, you will need to go to:

http://www.fordvehicles.com

to see what is left (as far as inventory) on dealers lots in your area & also what kind of incentives would be available on those vehicles that remain.

Answer 2

Okay, first there are serval different versions of the Mustang and alot of different options. So, price is going to vary. If you do not have any real prefrences about options or color, than you can get as much as 35% off the sticker. Model years tend to show up on the dealers lots anywhere from Sept to Jan. Though, this has been changing due to the more competive market these days. Any Ford Dealership can tell you the expected arrival date for certain models.

As for the post about getting "ripped off" buying a new car. This person proably does not know how to negotiate very well. Below you will find an example of a vehicle price and how to get the best price.

MSRP (Sticker or Retail Price) INVOICE
$20000.00 Base Model Price $18000.00
$5000.00 Options $3500.00
$600.00 Transportation $600.00
$300.00 Dealer Prep $0000.00

$25900.00 Total $22100.00

Okay, Sticker Price is the Retail (Blue Book on Used Cars)
and Invoice is Wholesale (Black Book on Used Cars)
A car dealer is in business to make money, so appeal to his greed. Explain to your salesman that you believe that the dealership should make a fair profit on the sale. You want to see the invoice on the particular car you want and you would like to know what is the "Factory to Dealer Incentive", "Holdback", or whatever cute name it is called, but each manufacture has an amount of money it offers the dealers to sell a certain model during a certain time. These offers are usually year round, but they due flactuate with market conditions and how well a particular model is selling.
A dealer will never sell a car at a loss, so what you are haggling in the negotiations is how much the dealer will "gross". $1200.00 is a decent gross on a $25000.00 car. Look, due your homework before you go in, be upfront and pre-approved for finacing. You should do alright.

Answer 3

Don't buy a new car, I promise you, you will get ripped off. They will make you think you got a deal but in reality you were ripped off. Once you drive the car off the lot try to sell it that same day and you will be offered $5000 less that you paid for it. This $25,000 car will sure drain your bank account and wallet real quick. It's a never ending drain. Once you buy, guess what-You now have to pay sales tax on it to get your license. Oh, buy the way - you will be paying every week out of your wallet for GAS. This whole automobile thing is just a hugh money drain on the average person trying to make a living. So unless you have plenty of money to lose be prepared to keep your wallet open and keep giving more money for that money vacuum (car). Good luck to you!

Answer 4

i would say you'll see about an 8-10% depreciation as soon as you drive it off the lot and anouther 20% when the new model comes out. then expect anouther 20% depreciation over the next 5 years or so. so when you want to sell it in 5 years after its paid of it would be worth about 12K you'll have to keep it for quite a while before you will be able to sell it or trade it in and get what you owe.

Answer 5

If yuo go to edmunds.com and look up the car you want and the options it will tell you exactly ( within 100.00 or so ) how much you should buy the 07 for including rebates. When you go to dealer bring your figures with you so you know if he's dealing right or not, if he's not within 100.00 or so, either tell him he's too high or go to another dealer. You must be patient when buying and have your prices with you so they are not over charging you.

Answer 6

Keep the car in decent condition and u can retain about 60%+ of the original price. Of course, that depends on how u treat it and the natural wear-and-tear as a result of the roads in ur area.

Answer 7

you should see a 25-35% decrease within the next 18 months. that is if you keep the car in good order with decent miles.

Answer 8

Expect about about a 10% discount with rebates and incentives. So about $22,500.