Dealer called me to get my car back? scam?
Thread Starter
Super Member
Joined: Jul 2007
Posts: 636
Likes: 3
From: Orange County, Ca
C350
Dealer called me to get my car back? scam?
Anyone hear of this? My dealer called me to tell me that he has demand for CPO cars like the one that I bought. So, they want to get me into a new/used car and in turn get my car onto their used car lot. They said they actually have buyers lined up to buy my car used already... Is this a scam?
Senior Member
Joined: Nov 2008
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C300 sport 4matic
Anyone hear of this? My dealer called me to tell me that he has demand for CPO cars like the one that I bought. So, they want to get me into a new/used car and in turn get my car onto their used car lot. They said they actually have buyers lined up to buy my car used already... Is this a scam?
MBWorld Fanatic!
Joined: Feb 2009
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From: Toronto
2009 C300 4Matic
ahahahahah wtf... that seems too good to be true... and that usually means its a scam...
if they are willing to get you into a new car... then that is amazing ... you need to find out the details of that in person.
btw... did the guy on the phone sound like a Nigerian?
if they are willing to get you into a new car... then that is amazing ... you need to find out the details of that in person.
btw... did the guy on the phone sound like a Nigerian?
Senior Member
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C300 sport 4matic
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From: Atlanta, GA
2008 C300 Sport 6 Speed Manual, 1953 Chevy Bel-Air, 2015 Audi allroad, 1963 Chevy Apache
Wouldn't really call it a scam but more like a marketing ploy. There is truth in the fact that used cars are selling better than new. They stand to make both a new and used sale out of it which would let them offer you a little better deal...if they need to...depends on how much you feel like negotiating and how badly they want to sale a car or two.
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From: Ohio
X3 and 2012 C coming soon
Anyone hear of this? My dealer called me to tell me that he has demand for CPO cars like the one that I bought. So, they want to get me into a new/used car and in turn get my car onto their used car lot. They said they actually have buyers lined up to buy my car used already... Is this a scam?
BTW, I have actually done this. It was right around the "keep America rolling" campaign. I didn't even buy an American car. This period in our history reminds me of those days when it comes to car shopping.
Last edited by Derspeed; May 12, 2009 at 05:09 PM.
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Member
Joined: Mar 2007
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From: Los Angeles (213)
w205 - Black
The salesman is working a cold call list (which features your #) - generated by management @ the dealership. This is a standard practice for generating hot leads (and used in other industries as well). Its all BS.
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MBWorld Fanatic!
Joined: Apr 2007
Posts: 2,028
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From: Orlando, FL
2026 AMG GT63 Pro
Fletcher Jones in Chicago tries to do the same thing - phone calls, mailers and emails...
It's just a ploy to get you in the store. There is no strong demand for ANY car right now - I'm a dealer.
It's just a ploy to get you in the store. There is no strong demand for ANY car right now - I'm a dealer.
Senior Member
Joined: Apr 2007
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From: Dallas, TX
2012 ML350BTC
With such strong trade values, if you originally financed you car at 4.9% - 7.9%, with 1.9% now available it wouldn't be too hard to fathom getting a similar/lower monthly payment on a car with more equipment. The math just works.
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From: CT
Mercedes, Porsche, BMW, Tesla
I've gotten a few letters saying this from different dealers. They just want to get you in. You're better off staying in your own car, deal wise.
Thread Starter
Super Member
Joined: Jul 2007
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From: Orange County, Ca
C350
So the deal is that I can keep my payments the same to finance a new 2009 C350, the same car that I drive now, except brand new. The catch is that my loan starts over & its 66 months instaed of the original 60 mo.
Is this a good deal?
Is this a good deal?
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From: CT
Mercedes, Porsche, BMW, Tesla
I really don't see the point of this.. Just to move into a slightly newer car?
Thread Starter
Super Member
Joined: Jul 2007
Posts: 636
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From: Orange County, Ca
C350
ya I dont necessarily get it either because it seems like a good deal. but anything that seems too good to be true usually is right? The APR has gone down by 3% so i can see where some of the savings come into play... but still sounds like a great deal... should I go for it?
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
MB South Atlanta is doing this as well. Sent my wife and I postcards wanting me to trade my CLS and her R, ride out with new ones.
NOT.
No way will I be able to get the better deal on a new car, unless I get 2.9% or lower and and an absolute crackhead price on the car. Then to top off, almost right on for Blue Book value on my car. Most MB dealerships don't seem desperate enough yet.
BS Marketing ploy...
NOT.
No way will I be able to get the better deal on a new car, unless I get 2.9% or lower and and an absolute crackhead price on the car. Then to top off, almost right on for Blue Book value on my car. Most MB dealerships don't seem desperate enough yet.
BS Marketing ploy...
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From: Southeast
2008 C300 Sport, RWD, US
It will in part depend on your current payoff and how the 09 is equipped.
Thread Starter
Super Member
Joined: Jul 2007
Posts: 636
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From: Orange County, Ca
C350
my current pay off is $2K lower than the blue book trade in value, however the new APR is 2.9%.
When I plug it into a payment calculator, the car would have to be priced at $35K to make my payments the same as they are now. All the equipement is the same, its the same car just a year newer...
Is there something I should consider since I have paid 1.5 years of interest on my current car?
When I plug it into a payment calculator, the car would have to be priced at $35K to make my payments the same as they are now. All the equipement is the same, its the same car just a year newer...
Is there something I should consider since I have paid 1.5 years of interest on my current car?
MBWorld Fanatic!
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From: Southeast
2008 C300 Sport, RWD, US
Interest paid is a non issue. Water under the bridge.
Next question is how much of a hit are you taking comparing blue book trade in to what you paid. That's what I'd be looking at. Also, how many miles do you have on your C car?
Next question is how much of a hit are you taking comparing blue book trade in to what you paid. That's what I'd be looking at. Also, how many miles do you have on your C car?
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Joined: Sep 2007
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From: Southeast
2008 C300 Sport, RWD, US
I wouldn't do it with those figures. Had you said that you had 100K miles on it, I'd definately do it but not with 30K. That $1,000 a month figure for depreciation is actually more than if you had leased your car and that's not even considering the interest you paid.
I do think that the dealer is motivated and may come up with a better deal if you press them. You never know till you try.
My only real complaint about my 08 C300 is that it rides a bit firmer than the 09 C300 loaner I drove a couple of weeks ago. I don't know how much of the difference was due to the difference in tires and how much had to do with MB softening up the ride some in the suspension. I thought about possibly trading. I have just under 35K miles on mine. You know, you can buy a lot of tires and extended warranty for $18,000. I'd trade for $12K difference but not $18K.
One thing I overlooked is how the two interest rates compare. I doubt that you'd save enough on the interest differential, but it should be looked at in this comparison.
I do think that the dealer is motivated and may come up with a better deal if you press them. You never know till you try.
My only real complaint about my 08 C300 is that it rides a bit firmer than the 09 C300 loaner I drove a couple of weeks ago. I don't know how much of the difference was due to the difference in tires and how much had to do with MB softening up the ride some in the suspension. I thought about possibly trading. I have just under 35K miles on mine. You know, you can buy a lot of tires and extended warranty for $18,000. I'd trade for $12K difference but not $18K.
One thing I overlooked is how the two interest rates compare. I doubt that you'd save enough on the interest differential, but it should be looked at in this comparison.
Last edited by JimPap; Jun 6, 2009 at 04:16 AM.
Senior Member
Joined: Mar 2009
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From: S.F. Bay Area
2008 C300 Sport, 2010 RX350 AWD
what's your monthly payment right now?? you said you had the car for 1.5 yrs so that's 18 months, and the new loan would have 66 month instead of 60 month so that's another 6 month..
since the payment amount would be the same, it can be quite simple..
by my calculation, your total deprecation should be your monthly payment x 24..
compare that number to what your car would have deprecated according to kbb or edmunds, should give you a pretty good indicator..
since the payment amount would be the same, it can be quite simple..
by my calculation, your total deprecation should be your monthly payment x 24..
compare that number to what your car would have deprecated according to kbb or edmunds, should give you a pretty good indicator..
