Haha! I 'pwnd' the Mazda dealer

[Mermaidman]

Mazda dealer finally offered hundreds below invoice for a T ribute. Just for kicks, and possibly to avoid the hassle of selling myself, I asked how much the dealer would pay for my old car. After a brief inspection, the manager offered $8500 for my 1998 Oldsmobile Intrigue. KBB wholesale value was around $3500-$4000! I had to suppress my laughter as the sale was finalized. What made it sweeter was the manager had been an ass. I guess he was the 'bad guy' and my salesman was the good guy.

2005 Mazda Trbute V6, 2WD, auto, leather, moonroof, fancy pants stereo and rear view mirror, side-curtain windbags, spoiler
$21300-($8500 trade-in)=$12500+TTL

Gonna really miss my badass Olds.

 

[imported_LoKe]

Good work.

 

[dmurray14]

WOW, nice...

 

[edi sucks]

awesome deal man

 

[scorpmatt]

the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

 

Holy sh!t...you got $8500 for a seven year-old Oldsmobile?

I wonder if they'd give me $45,000 for my year-old Accord?

 

[imported_LoKe]

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I believe it loses 50% of it's value, no?

 

Originally posted by: LoKe

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I believe it loses 50% of it's value, no?

GM cars, yes. Mazda, not so much.

 

[hypn0tik]

Originally posted by: LoKe

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I believe it loses 50% of it's value, no?

No. Not that much. Usually 15% if I'm not mistaken.

 

[Mermaidman]

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I tend to keep my cars for a long time, so the depreciation is minimized. Hell, if I wanted a sensible wagon, I would've bought a CR-V instead of the Mazda.

Originally posted by: jumpr
Holy sh!t...you got $8500 for a seven year-old Oldsmobile?

I wonder if they'd give me $45,000 for my year-old Accord?

LOL!

 

[scorpmatt]

Originally posted by: LoKe

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I believe it loses 50% of it's value, no?

depends on the car manu really. fords, gms, chryslers lose close to that on the average, toyotas and lexuses keep more of theirs. each is different, someone want to post the actuals?

 

[imported_LoKe]

Ah, noted. ^_^

 

[Nutdotnet]

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

You're a tool. Let him bask in his "owningship". He just did what dealers across the country normally do to the general public.

Good work!

 

[scorpmatt]

Originally posted by: Mermaidman

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I tend to keep my cars for a long time, so the depreciation is minimized. Hell, if I wanted a sensible wagon, I would've bought a CR-V instead of the Mazda.

Originally posted by: jumpr
Holy sh!t...you got $8500 for a seven year-old Oldsmobile?

I wonder if they'd give me $45,000 for my year-old Accord?

LOL!

i dont think any accord is worth that much. going for a vette though?

 

[Mrvile]

Nice.

 

[rh71]

awesome for you, but what's with the 2WD SUV ?

 

[QuitBanningMe]

They didn't give you sh!t except add the current rebate to your trade in value to make it look awesome.
Still a good deal though but you didn't get over on them........

 

Originally posted by: scorpmatt

Originally posted by: Mermaidman

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I tend to keep my cars for a long time, so the depreciation is minimized. Hell, if I wanted a sensible wagon, I would've bought a CR-V instead of the Mazda.

Originally posted by: jumpr
Holy sh!t...you got $8500 for a seven year-old Oldsmobile?

I wonder if they'd give me $45,000 for my year-old Accord?

LOL!

i dont think any accord is worth that much. going for a vette though?

Uh, it was a *joke*. A seven year-old Oldsmobile isn't worth $8500 either.

 

[JoeKing]

$8500 for the trade in?! Wow. How much did you orginally pay for it, and how much mileage was on it?


And what's the address of this dealer again

 

[Mermaidman]

Originally posted by: hypn0tik

Originally posted by: LoKe

Originally posted by: scorpmatt
the pwnage is with you, that truck just lost close to 2k when you drove it off the lot

I believe it loses 50% of it's value, no?

No. Not that much. Usually 15% if I'm not mistaken.

According to Edmunds.com, here is the depreciation for the Mazda SUV by year:
$8,153 (1st year)
$2,085
$1,835
$1,627
$1,460 (5th year)

The Honda CR-V, by comparison:
$4,539
$2,438
$2,145
$1,901
$1,707

I was seriously going to get the CR-V, but it didn't come in ORANGE paint.

 

[NutBucket]

Man, that's nuts! I should have let the dealer make an offer on my Accord. Oh well...

 

[QuitBanningMe]

Did you finance w/ Mazda?

 

[Liviathan]

Check the finance work.

 

[Phoenix86]

Originally posted by: QuitBanningMe
They didn't give you sh!t except add the current rebate to your trade in value to make it look awesome.
Still a good deal though but you didn't get over on them........

Actually it doesn't appear that way. Edmunds prices a similar vehicle (don't know all the options he had) at ~$21k, which was his buying price.

 

[QuitBanningMe]

Originally posted by: Phoenix86

Originally posted by: QuitBanningMe
They didn't give you sh!t except add the current rebate to your trade in value to make it look awesome.
Still a good deal though but you didn't get over on them........

Actually it doesn't appear that way. Edmunds prices a similar vehicle (don't know all the options he had) at ~$21k, which was his buying price.

Yes. He bought the car at invoice.
His trade could be worth as much as $5500.
There is a 3K rebate on the Tribute.
Add that to the trade = $8500 for the trade.

If he financed through Mazda there is another 1K rebate = some profit.

If he didn't they keep the hold back and sold a car.++