Ok, here is the story Im in college and my lease is up in a few days (1999 GMC Sonoma reg. cab) and Im looking around for a car to replace it. After looking I have narrowed it down to 2.
1. 2002 Chevy Malibu, nothing outstanding everything I need/want cd power windows/locks/mirrors. After rebates and down payment ~265/mo. for 60mo not bad.
2. 2000 GMC Jimmy, now here it gets different. It is a NEW 2000 a while back someone purchased a Jimmy and whoever was doing the paperwork wrote down the wrong stock number so it was titled but never owned (it was a demo car and has less than 2000 miles). It is an SLS 2 door 4WD with power everything and a the towing package. Base price on the sticker was 25K and 27K with extras. They said make a bid so I went home and found 6 different prices from KellyBB/Edmunds/etc. and they ranged from 12500-17400 (note I looked up prices with lowest miles/best condition/ and all the options I didnt want to play any games) . So I went back and took all 6 and took the average which was ~14500 he went to go ask his manager and came back and said that he turned down 18000 OTD the other day. I told them the most I would even concider was the highest bluebook. I didnt beleive that just a few days ago someone stopped in and made that offer becasue after looking at a different dealership and getting some prices I decided to hop in the Jimmy and try it out and the battery was dead. Also, after comming back they said that I should make a disison soon becasue they had someone comming in to look at it and it was first come first serve. I told them that I would have to think about it and the last figure on the table was $17111.00 plus tax and fees (~$75). Just felt like the obvious selling schemes they couldnt sell the car in 2 years and in the past 3 days they have had 3 people look at it and make bids? sounds curious to me.
NOW!... my question is to anyone but specificly those in the retail car industry. What is the probability of this titleing issues happening and what does that mean about the car Im assuming that the cars resale will be lower because it will have multiple owners. If anyone could verify this and let me know if 17000 is too much and I should try to push for the 15500 (medium bluebook) or is this way to low. I know that the dealer gets money from the mfg for selling it and a few other ways so im not so sure about the "we are loosing $6000" statement they were making. But becasue of the titleing mix up im not sure and I am positive that they really want to get rid of it cause they would have paid the taxes on it twice as far as I know. So please let me know what you think if you drive either of these cars let me know your feelings.
Thanks
ps. please reply as soon as possible becasuse the Malibu is in on the 2002 off a new car rebate thing GM is having and I will have to make the desision in the next day or two. Thanks again!!!
1. 2002 Chevy Malibu, nothing outstanding everything I need/want cd power windows/locks/mirrors. After rebates and down payment ~265/mo. for 60mo not bad.
2. 2000 GMC Jimmy, now here it gets different. It is a NEW 2000 a while back someone purchased a Jimmy and whoever was doing the paperwork wrote down the wrong stock number so it was titled but never owned (it was a demo car and has less than 2000 miles). It is an SLS 2 door 4WD with power everything and a the towing package. Base price on the sticker was 25K and 27K with extras. They said make a bid so I went home and found 6 different prices from KellyBB/Edmunds/etc. and they ranged from 12500-17400 (note I looked up prices with lowest miles/best condition/ and all the options I didnt want to play any games) . So I went back and took all 6 and took the average which was ~14500 he went to go ask his manager and came back and said that he turned down 18000 OTD the other day. I told them the most I would even concider was the highest bluebook. I didnt beleive that just a few days ago someone stopped in and made that offer becasue after looking at a different dealership and getting some prices I decided to hop in the Jimmy and try it out and the battery was dead. Also, after comming back they said that I should make a disison soon becasue they had someone comming in to look at it and it was first come first serve. I told them that I would have to think about it and the last figure on the table was $17111.00 plus tax and fees (~$75). Just felt like the obvious selling schemes they couldnt sell the car in 2 years and in the past 3 days they have had 3 people look at it and make bids? sounds curious to me.
NOW!... my question is to anyone but specificly those in the retail car industry. What is the probability of this titleing issues happening and what does that mean about the car Im assuming that the cars resale will be lower because it will have multiple owners. If anyone could verify this and let me know if 17000 is too much and I should try to push for the 15500 (medium bluebook) or is this way to low. I know that the dealer gets money from the mfg for selling it and a few other ways so im not so sure about the "we are loosing $6000" statement they were making. But becasue of the titleing mix up im not sure and I am positive that they really want to get rid of it cause they would have paid the taxes on it twice as far as I know. So please let me know what you think if you drive either of these cars let me know your feelings.
Thanks
ps. please reply as soon as possible becasuse the Malibu is in on the 2002 off a new car rebate thing GM is having and I will have to make the desision in the next day or two. Thanks again!!!
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