cracka Posted January 14, 2009 Share Posted January 14, 2009 My current beater is just about done. Heat went out on me and I cant take the drive in the AM at this temp. So.. I'd like to get another explorer, eddie baur edition if possible. I dont want to a payment over $400.00 a month and would go 4-5year on financing. I'd prefer not to put anything down.. I've been thinking of heading up and buying through the auto auctions up in PA ( i think thats the location). I have a contact who is authorized to purchase and I'm thinking I might get the best bang for my $$. Would it be worth it to visit some of the Ford Dealers in the area to see what they can do? I always feel like I'm getting ripped off by them. but, If i can get a new car with low financing and the payment can be under $400.00 It might be worth it. Any thoughts or suggestions? Anyone buy through the auctions? Link to comment Share on other sites More sharing options...
MissU28 Posted January 14, 2009 Share Posted January 14, 2009 An $18k car will give you payments under $400 a month with nothing down and a 5% rate. I bought my car for $18K in '06, put nothing down, and my payment is $360.87 monthly for 5 years. Link to comment Share on other sites More sharing options...
JimmyConway Posted January 14, 2009 Share Posted January 14, 2009 Auctions are risky but if you do your homework and your "contact" is reliable then you can definitely find more value. Otherwise you can find plenty of good cars for under $18,000 (monthly payments under $400 for 5 years). Consider gas mileage and longevity. Link to comment Share on other sites More sharing options...
RedlightG20 Posted January 14, 2009 Share Posted January 14, 2009 I'm in the market for a small/mid-sized SUV as well, except I don't want to pay more than $8k total since it'll just be a second car. With the economy outlook, the longer you wait the better the deals are, but you probably don't want to wait so long given your current car situation. And as you know the domestic car manufacturers are desperate and you can pretty much tell them what you want and they'll make it happen. I know the repo auctions are great deals but it's a risk since the car may not have been taken care of at all. At least with good dealerships you know the car was cleaned up and was inspected and repaired properly, so I certainly wouldn't overlook them. Link to comment Share on other sites More sharing options...
SkinsOrlando Posted January 14, 2009 Share Posted January 14, 2009 At the auction, buy only "green light vehicles", pay for the post inspection with a 14 day guarantee. Also, get there early, like 3 hours early, walk the lot, start up and drive the ones you're interesting in a little bit. Since it's PA, check under the hood in the rear corners for any signs of rust, if it's rusting already in any of those areas, stay away. This is possibly the worst time to buy at auction, dealers always believe tax season is great for sales and will bid 15-25% higher than normal. Link to comment Share on other sites More sharing options...
Mark The Homer Posted January 14, 2009 Share Posted January 14, 2009 What's wrong with the heater? Maybe you can fix it. Link to comment Share on other sites More sharing options...
shuler74 Posted January 14, 2009 Share Posted January 14, 2009 Way the recession is going dont buy new unless you can get O% financing for 5 yrs Link to comment Share on other sites More sharing options...
cracka Posted January 14, 2009 Author Share Posted January 14, 2009 Thanks for the comments. I know my budget is no more than 18k if I'm getting financed at roughly 8%. That number goes up to approx 25k with 0% interest which would be the only reason I'd get something new. I guess my question is, how far can can I expect them to move off sticker price if I'm also getting the financing? I'm pretty sure the heater will be about 1K to fix, i'm going to see someone today about it but if thats the case then bye bye car.. I'm thinking I'm going to check out the auctions at this point.. If I can get something decent for 15k that would be nice. Link to comment Share on other sites More sharing options...
Mark The Homer Posted January 14, 2009 Share Posted January 14, 2009 So it's not just the blower. Link to comment Share on other sites More sharing options...
Predicto Posted January 15, 2009 Share Posted January 15, 2009 Here's my advice. Buy used. Link to comment Share on other sites More sharing options...
Mark The Homer Posted January 15, 2009 Share Posted January 15, 2009 Seconded.... Link to comment Share on other sites More sharing options...
88Comrade2000 Posted January 15, 2009 Share Posted January 15, 2009 DO NOT buy a Chrysler product whether new or used. That company will cease to exist within a year. Link to comment Share on other sites More sharing options...
Siven Posted January 15, 2009 Share Posted January 15, 2009 Buy one with wheels. Link to comment Share on other sites More sharing options...
NawtyMagazine Posted January 15, 2009 Share Posted January 15, 2009 do not buy another ford exploder Link to comment Share on other sites More sharing options...
HogNose Posted January 15, 2009 Share Posted January 15, 2009 Buy a used Honda Pilot with relatively low miles. Link to comment Share on other sites More sharing options...
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