A friend called me to ask my thoughts on this deal. They are in the state of Indiana, 30 mins outside Indianapolis.
The initial payment was $610 a month zero down. I said no way, so they talked to the dealer and worked a deal. He came back to them with $575. Shall see if they want to take that deal. Dealer said would try to give them more on the trade in or maybe they gave dealer cash…who knows at this point.
MSRP- 37,390
Sale price- 34610. Dealer is giving GMS, said they’re losing money for those who can’t get the the GM discount.
1000 rebate, currently owns a Buick, dealer is going to buy. Not much equity in that.
56% - estimated…didn’t get the residual, but tried to reverse engineer it.
MF-.00297
Doc fee $252
Acquisition fee $650
7% tax for Indiana
36 months - 15k a year
That monthly payment for an equinox is high imo. Even if it has some good options.
Thoughts from the community on the numbers? Thanks in advance!