Need Some Advice
Registered User
Joined: Apr 2008
Posts: 278
Likes: 1
unless the dealer is dumb, 15K will take it. I ended up with my s2k for 5K under what they were asking. (BMW of Santa Maria)
Dealers are cheaper then private party if you know how to shop for an s2k. Dealers buy em on trade in, think their hot cars that will move fast, but they don't because there is a small market of people who actually want a small manual 2 seater convertible with no storage, thats a honda. I just tried every dealer that had an s2k on the lot, low balled the shit out of em until i found one that had their s2k on the lot for 50+ days about ready to ship it off to auction.
I have a beautiful, extremely clean s2k now, and I love it.
Dealers are cheaper then private party if you know how to shop for an s2k. Dealers buy em on trade in, think their hot cars that will move fast, but they don't because there is a small market of people who actually want a small manual 2 seater convertible with no storage, thats a honda. I just tried every dealer that had an s2k on the lot, low balled the shit out of em until i found one that had their s2k on the lot for 50+ days about ready to ship it off to auction.
I have a beautiful, extremely clean s2k now, and I love it.
Joined: Nov 2002
Posts: 45,159
Likes: 4,070
From: Arlington, VA
Right!! I negotiated for about an hour on the trade in of my first S and purchase of my second in 06. Got a good deal for then. They definitely don't want to see you walk out the door without making a sale, and I think you can do well in the current market downturn. $14K seems a bit low for a 2002, but you can try it. Maybe you'll get to $14.5. Good luck!
Registered User
Joined: Feb 2003
Posts: 16,231
Likes: 2
From: Kingston, WA
Unfortunately, cash does not talk at most dealers anymore. Some still take it seriously, most do not.
They don't care either way, cash or finance, they are getting paid no matter what and they may have some kickback arrangements with whoever is their "preferred lender" so it could be in their best interest to finance you.
To you, it means something, it's important that you are shelling out cash to pay for it in full, but why would they care about that?
You might get more attention from offering 50% down payment at 14k out the door.
You may not want to finance it but if they take the deal, just pay the bank the other 50% after 3 months of payments and you're good. Just make sure there's no early payment penalty on the note.
They don't care either way, cash or finance, they are getting paid no matter what and they may have some kickback arrangements with whoever is their "preferred lender" so it could be in their best interest to finance you.
To you, it means something, it's important that you are shelling out cash to pay for it in full, but why would they care about that?
You might get more attention from offering 50% down payment at 14k out the door.
You may not want to finance it but if they take the deal, just pay the bank the other 50% after 3 months of payments and you're good. Just make sure there's no early payment penalty on the note.
Registered User
Joined: Apr 2006
Posts: 743
Likes: 0
Go 20% down, let the dealer arrange financing at 19%.
Payoff the loan in full within the week.
Dealer will get a NICE kickback from the finance company on a high interest loan.
Should get you out the door for less than 13,500.
Payoff the loan in full within the week.
Dealer will get a NICE kickback from the finance company on a high interest loan.
Should get you out the door for less than 13,500.
