Just picked up a 08 gxp
Teching In
Joined: Sep 2007
Posts: 19
Likes: 0
2007 Monte Carlo SS with sales tax and GM Discount 26,500
2004 Monte Carlo SS, which was Paid off in 2006 was traded in for 16,000
I had another 6,000 in cash to put down along with the 16,000 on the car
Thats 22,000
Then there was another 3,500 in rebates that I recieved
That brings the total to 25,500 on a 26,500 car.
WHERE THE **** DO YOU GET 19,000???
2004 Monte Carlo SS, which was Paid off in 2006 was traded in for 16,000
I had another 6,000 in cash to put down along with the 16,000 on the car
Thats 22,000
Then there was another 3,500 in rebates that I recieved
That brings the total to 25,500 on a 26,500 car.
WHERE THE **** DO YOU GET 19,000???
okay, think of it like this:
the total quoted price = 26500
rebates = 3500
therefore, you have to pay 23000 on the car, somehow.
This is the price that you have to pay for the car.
There are many ways you can pay this price. You can get a loan, you can pay cash, whatever.
You chose to pay first by trading in your car. Your car is not just a worthless item that magically subtracts 16000 from the price - the car has a value of 16000 - it is $16,000 in assets to you. By trading it, you are effectively selling the car to the dealer for 16000 and using the cash to put towards the car. By trading in, you are paying (and losing) $16,000 in assets.
Next, you paid $6000 in cash. How you don't see this as a cost to you is beyond me.
Finally, you paid $1000 over time or whatever, it doesn't matter.
That adds up to $23000 that you had to come up with to pay the dealer for your car.
You don't know how the other posters paid for their cars. How do you know that the person who bought theirs for $19500 didn't trade in their old car for $16000 too and put $3500 down?
either way you look at it, you had to come up with $23000 (in assets and cash), while the other person had to pay only $19500 (in assets and/or cash).
By the way, my Impala SS cost me less than $14,000, total price, including taxes. Even though I actually DID pay less, you don't see me running around trying to make sure everybody knows...
Does this really not make sense to you though? Do you really not think that giving away a $16,000 car and paying $6000 out of your pocket is a cost to you and part of what you PAID for the car?
IM sorry, but if a car is paid off and you OWN That, then that is money in your pocket. Samething as if I wouldve sold that car to someone else for 16k and walked into the dealer with 22k and then got the car, with my GM discount along with the 3500 rebates that they took off.
In the end, I still ended up paying only 1k for a brand new 2007 Monte Carlo SS. Doesnt mater how "YOU" want to see it as, but how it really is, is the real way its done.
The car was paid off, there for its mine. If the dealer gives me cash for it, then its coming on the sticker of that car.
How would I be losing assets for something that is mine and paid in full a full year before I brought something else? Thats like paying off your house, putting money into it and then selling it and putting your money together to buy a better house. ITs not going to cost you as much out of pocket as it wouldve it you didnt have it in the first place.
In the end, if I only paid 1K out of my pocket after the deal was done, I would say thats one hell of a loan to get for a new car to pay it off.
In the end, I still ended up paying only 1k for a brand new 2007 Monte Carlo SS. Doesnt mater how "YOU" want to see it as, but how it really is, is the real way its done.
The car was paid off, there for its mine. If the dealer gives me cash for it, then its coming on the sticker of that car.
How would I be losing assets for something that is mine and paid in full a full year before I brought something else? Thats like paying off your house, putting money into it and then selling it and putting your money together to buy a better house. ITs not going to cost you as much out of pocket as it wouldve it you didnt have it in the first place.
In the end, if I only paid 1K out of my pocket after the deal was done, I would say thats one hell of a loan to get for a new car to pay it off.
Staging Lane
Joined: Feb 2008
Posts: 63
Likes: 0
From: Indianapolis, IN
OK SO LET ME GET THIS STRAIGHT. THE GUY WALKS INTO A DEALER WITH A CAR HE OWNS AND HAS THE TILE FOR. THEY GIVE HIM CASH FOR SOMETHING HE OWNS AND ALSO HE USES MONEY THAT HE SAVED UP TO BUY ANOTHER CAR? ok, I am following what he is saying so car. Now, he says that he gets a gm disc on cars and a big rebate on the car he buys and only has to get a loan for a grand. Ok, im still following this. How come you guys cant?
Taz, dont worry some of us did get through school and can do math.
Taz, dont worry some of us did get through school and can do math.
TECH Regular
Joined: Dec 2006
Posts: 447
Likes: 0
From: Stockton, CA
Teching In
Joined: Sep 2007
Posts: 19
Likes: 0
IM sorry, but if a car is paid off and you OWN That, then that is money in your pocket. Samething as if I wouldve sold that car to someone else for 16k and walked into the dealer with 22k and then got the car, with my GM discount along with the 3500 rebates that they took off.
In the end, I still ended up paying only 1k for a brand new 2007 Monte Carlo SS. Doesnt mater how "YOU" want to see it as, but how it really is, is the real way its done.
The car was paid off, there for its mine. If the dealer gives me cash for it, then its coming on the sticker of that car.
How would I be losing assets for something that is mine and paid in full a full year before I brought something else? Thats like paying off your house, putting money into it and then selling it and putting your money together to buy a better house. ITs not going to cost you as much out of pocket as it wouldve it you didnt have it in the first place.
In the end, if I only paid 1K out of my pocket after the deal was done, I would say thats one hell of a loan to get for a new car to pay it off.
In the end, I still ended up paying only 1k for a brand new 2007 Monte Carlo SS. Doesnt mater how "YOU" want to see it as, but how it really is, is the real way its done.
The car was paid off, there for its mine. If the dealer gives me cash for it, then its coming on the sticker of that car.
How would I be losing assets for something that is mine and paid in full a full year before I brought something else? Thats like paying off your house, putting money into it and then selling it and putting your money together to buy a better house. ITs not going to cost you as much out of pocket as it wouldve it you didnt have it in the first place.
In the end, if I only paid 1K out of my pocket after the deal was done, I would say thats one hell of a loan to get for a new car to pay it off.
think of it this way.
what did you have to give up in order to get the car?
you gave up a $16,000 car.
you gave up $6000 in cash.
you gave up $1000 through loans.
therefore, you gave up (paid) $23000
if it only COST you $1000, you would still have that $6000 and another car worth $16000. but you gave that to the dealership instead to pay for your next car.
if you're just talking about getting a loan, that's different. hell, i paid for my car entirely in cash down when i took the car. does that mean that i paid NOTHING on my car, since i didn't have to get a loan? that's the logic you are using.
wow! so, if i use your line of thinking.... the price was $14000, and i put $14000 - that equals 0 - I got my car for free! woohoo!
Last edited by usmabmass; Feb 28, 2008 at 11:28 PM.
LS1 Tech Stories
The Best V8 Stories One Small Block at Time
Topdon ONE vs. Artidiag 800 BT2: Which is the Diagnostic Tablet For You?
Pouria Savadkouei
Gas Monkey Built a 6-Wheel Ferrari Testarossa With a Corvette LT4 Engine
Verdad Gallardo
7 Most Reliable High-Performance Engines GM Has Ever Built
Verdad Gallardo
Amazing '71 Camaro Restomod Is Modern Muscle Car Under the Skin
Verdad Gallardo
6 Common C5 Corvette Failures and What's Involved In Repairing Them
Pouria Savadkouei
Retro Modern Bandit Pontiac Trans AM Comes With Burt Reynolds' Autograph
Verdad Gallardo
Top 10 Greatest Cadillac V Series Performance Models Ever, Ranked
Pouria Savadkouei
Top 10 Most Powerful Chevy Trucks Ever Made!
Hennessey's New Supercharged Silverado ZR2 Has 700 HP
Verdad Gallardo Teching In
Joined: Sep 2007
Posts: 19
Likes: 0
OK SO LET ME GET THIS STRAIGHT. THE GUY WALKS INTO A DEALER WITH A CAR HE OWNS AND HAS THE TILE FOR. THEY GIVE HIM CASH FOR SOMETHING HE OWNS AND ALSO HE USES MONEY THAT HE SAVED UP TO BUY ANOTHER CAR? ok, I am following what he is saying so car. Now, he says that he gets a gm disc on cars and a big rebate on the car he buys and only has to get a loan for a grand. Ok, im still following this. How come you guys cant?
Taz, dont worry some of us did get through school and can do math.
Taz, dont worry some of us did get through school and can do math.
by the way, they are not simply "giving him cash for what he owns" - it's not free money. the car is WORTH $16,000. he's not gaining 16000, they are simply changing it effectively from $16000 in car parts to $16000 in paper money, and then taking it to pay for the car. therefore, he loses $16000 worth of goods, he doesn't gain it and then use it to knock the price down.
Last edited by usmabmass; Feb 28, 2008 at 11:31 PM.
just wanted to know I just wanted to know if there were any major porblems with the new w-body v8 cars and where to get an i-pod plug. You guys are rough on each other. I thought the idea of the site was to help. I got a lot of very useful info from the f-body side. Any info that I could get would be helpful. Thank you.
Staging Lane
Joined: Feb 2008
Posts: 63
Likes: 0
From: Indianapolis, IN
well, i am an economics major, and concepts of math and money have a bit to do with that - although this problem only needs a bit of common sense...
by the way, they are not simply "giving him cash for what he owns" - it's not free money. the car is WORTH $16,000. he's not gaining 16000, they are simply changing it effectively from $16000 in car parts to $16000 in paper money, and then taking it to pay for the car. therefore, he loses $16000 worth of goods, he doesn't gain it and then use it to knock the price down.
by the way, they are not simply "giving him cash for what he owns" - it's not free money. the car is WORTH $16,000. he's not gaining 16000, they are simply changing it effectively from $16000 in car parts to $16000 in paper money, and then taking it to pay for the car. therefore, he loses $16000 worth of goods, he doesn't gain it and then use it to knock the price down.
Teching In
Joined: Sep 2007
Posts: 19
Likes: 0
i'm not sure why this is such a point of contention...
i didn't disagree with anything you said, but i don't see what you're trying to accomplish with it. i said that he used his old car to help pay for his new one - that doesn't mean that the price of his new car was less, it only means that he partly paid the price using his old car. the price was still 23000, whether or not he traded in or not..
does this really not make sense????
i'm seriously baffled that this is so confusing to some people.
do you not understand the concept of trade? the car is worth $16,000 and he came up with $6000 and got a loan for $1000. that comes to $16,000 in car and $7,000 in cash.
The dealer wanted 23000 for the car and didn't care how he paid for it. he paid for it by trading a $16000 car and trading $7000 in cash to get the new car. the price was still the same (23k) even if he paid for it all in cash.
for you to say that the dealer dropped the price on the new car 16000 in return for the used car is like saying that i got a candy bar for free because i put a put a down payment of $1 on it, and so the price was zero.
Also, did you not see where HE got 3500 in rebates off the car???? How is this not making sense to you at all?
anyways, this argument is a waste of space. i really hope you're just playing around, and that you actually do understand how... buying things... works. the guy came in wanted to brag about how little he paid for his car, when he really paid thousands more. that's all - your inability to do basic comprehension is an entirely different problem.
Last edited by usmabmass; Feb 29, 2008 at 09:07 AM.
Teching In
Joined: Sep 2007
Posts: 19
Likes: 0
I just wanted to know if there were any major porblems with the new w-body v8 cars and where to get an i-pod plug. You guys are rough on each other. I thought the idea of the site was to help. I got a lot of very useful info from the f-body side. Any info that I could get would be helpful. Thank you.
i know that GM was supposed to release an OEM-type plug for ipod, but there are aftermarket systems you can put in. i would just do a google search for ipod adapter impala 06 and see what comes up..
