Not sure, I just jumped in and bought last June.Amy said:Hello All! I just discovered this site and my husband and I are hoping to buy a Ridgeline this weekend. We are trying to figure out asap what kind of deal we should be shooting for. We want an RTL with Navi. We were quoted a price around 28,000 or so a couple months ago, but now it seems that the dealer is changing his mind. Our salesperson left a month ago.
I read about the dealer incentive, but can't seem to find any proof of it. I went to Edmunds and they only mentioned $1000 marketing assistance. Is that the same thing?
Thanks so much in advance for any help you can give us.
Or better yet, buy a cheap car for your first car ($1000 or so), then save like mad until you can pay cash for your next car. I typically buy new vehicles, but you can save even more by buying a vehicle that is a couple of years old.Ultra-HOG said:As I stated in another thread, I believe that no one is obligated to have car payments throughout their life. The key is to own one vehicle outright for a period of time while saving for your next one. The loan amount should not be more than 35% of the purchase price of the vehicle. That will allow a person to step up each time that they trade. It won’t take too many steps before you will be able to purchase vehicles for cash and not have any payments. It takes discipline and patience at first but will have life long benefits.
Welcome!Amy said:Thanks so much everyone for your help and advice. I too noticed that is seems the factory to dealer incentive is extended until 1/03/06. I am starting to think that the price we were given before was not right. I just got a quote from a dealer for $30,598 including destination charge, for an RTL with navi and moonroof. I am not sure that we can expect much less than that. The invoice is $31,714 with destination charge. We would love to get it for less than $30,000, but that may not happen.
Thanks again for the warm welcomes.
This is a very simplistic example but if you pay $30K for a car, keep it for 10 years, spend $2000 on age-related maintenance items (tires, shocks, etc.), and get $2000 for it when you trade it in, then that car cost you $3000 per year. If you trade every 2 years then the difference between the new car cost and the trade-in you get needs to be $6000 for it to have the same yearly cost.swampler said:The part I haven't figured out yet...are you better off trading every couple of years so that you only pay a few thousand with the trade, or keep for 8 to 10 years and have to pay almost the full $30k?