Relative looking at a X1 loaner.
Here is the kicker, she owes $7,000 on her car and KBB is around $1800.
Questions/comments?
Thank you.
12% discount by my math, not nearly enough, marked up MF too
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Assuming they are giving $1800 for her car, and that’s why the selling price is $70 above MSRP… the discount is about 12% which is not enough on a loaner. Also the MF is marked up.
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you guys rock.
What should the MF be?
Well base MF this month is .00128. Should aim for that if her credit is tier 1. I would shoot for 18% discount before the rebates as well.
Also check the value of the trade-in on Vroom and Carvana. If it’s more than what the dealer is giving for it, try and get them to match.
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12% for a used car (that’s what a loaner is) = pathetic. Counter-offer with 25%. If they tell you that’s absurd reply that so is 12%.