i purchased a vehicle from a dealership and my understanding was that the vehicle price was not negotiable.I'm still under the 5 day return policy and i found out that the NADA value of that vehicle is less than what i paid for the vehicle,even though the price the vehicle had on the sticker stated it was the book value.I've already signed the contract and still under the 5 day return policey. If possible i would like to see if i can get the price more closer to what the NADA value is.Do i have an option to negotiate the price or is it a done deal since i've already signed the contract?Or what options do i have in this matter?I still love my vehicle,but i'm just curious
2007-10-15 22:01:12 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
If the dealer gave you a 5 day return option, (which I believe that Carmax does) you can return the vehicle to them. I do not know what the exact rules that they have set for this program are, it may be you can get another vehicle or they may be willing to refund your money!
Are you sure that you are looking at the book value correctly? Did you adjust for low mileage, and add for every option that is listed? If you love the car, keep it! They will not reduce the price after you made the purchase!
2007-10-15 23:54:32 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
Is the 5 day return policy written in to the contract? IF not, then there is no return policy law in any state that would allow you to do so. Once you sign that contract the car belongs to you.
If you purchased from Carmax, then they will not negotiate on the price because that is their company policy. So if you think you overpaid, return it and get your money back. Next time check Autotrader or other dealerships that are willing to negotiate.
2007-10-16 10:50:30 · answer #2 · answered by Anonymous · 3⤊ 0⤋
Did yopu look up trade in or retail? If trade in you will either, if it is the dealer's policy probably have to pay the same, give back the car, or their are cars, ie. Saturn, Scion which cannot change price by Distributers rules. When you drive off lot the car is used and I bet after reading policy they will replace car but not return your money as dealer is not going to deal with buyers remorse.. Car is used so Dealer takes hit too if just gives money back. Does not make sense.
2007-10-16 06:41:37 · answer #3 · answered by 12pleze 6 · 1⤊ 0⤋
Take the book and show them--it maybe that your car has more options than the book car has--but ask anyway----just smile and be nice---they are in the business to make money but not screw people. If you absolutely feel that you are right--ask for the refund and then go to another dealer and nbuy a car AFTER you did all your homework and checked the price yourself. BUYER BEWARE !!!
2007-10-16 05:08:16 · answer #4 · answered by fire_inur_eyes 7 · 0⤊ 1⤋
BE VERY CAREFUL ON THE 5 DAY RETURN POLICY.
Depending on what state you are in there might be a three day law. This would specific that by law you have three days to return a car from the date of purchase.
If one was to return the car now, you would get resale value for it and car prices go down tremendously after having been driven off the lot. It will probably be better if he can find a private seller for it.
2007-10-16 08:25:37 · answer #5 · answered by Anonymous · 0⤊ 6⤋
Take it back and see what happens. The worst that can happen is you walk out of the showroom without a car.
2007-10-16 09:03:31 · answer #6 · answered by Alanrt1 4 · 0⤊ 1⤋
If you are under the limited days you should be able to get it, but next time do the homework BEFORE you buy
2007-10-16 05:04:51 · answer #7 · answered by Anonymous · 0⤊ 1⤋