Ripped off or fair deal?
Thread Starter
Newbie
Joined: Dec 2012
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c350
Ripped off or fair deal?
I recently bought a 350c coupe and was wondering if i got a good deal or not.
The base price i agreed to was 43k, with a 5 year warranty for 1.5k that gave me a total of around 45k. I put 0 down with a an interest rate of 3.99, i know putting 0 down was a bad choice now, but at the time the salesman gave good points to why it wouldnt matter in the long run. I know i will end up paying a lot more. So my monthly payment is 900$ and after taxes the car is 51k. I checked truecar./com and many people payed 48k and under for my same car with exact options. So i was also wondering if people post the price they paid total on that site or what they paid before the taxes? Thanks
The base price i agreed to was 43k, with a 5 year warranty for 1.5k that gave me a total of around 45k. I put 0 down with a an interest rate of 3.99, i know putting 0 down was a bad choice now, but at the time the salesman gave good points to why it wouldnt matter in the long run. I know i will end up paying a lot more. So my monthly payment is 900$ and after taxes the car is 51k. I checked truecar./com and many people payed 48k and under for my same car with exact options. So i was also wondering if people post the price they paid total on that site or what they paid before the taxes? Thanks
Last edited by kikkoman; Dec 27, 2012 at 10:33 AM.
Thread Starter
Newbie
Joined: Dec 2012
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c350
Its a 2013, 50 miles on it. Came with the following packages/addons: lighting package, the basic premium, 17inch amg wheels, and keyless go. I put a 0 down payment(ik shouldve put at least 10k down). With 2.99 interest rate also the contract is 60 months.
Senior Member
Joined: Jun 2010
Posts: 343
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From: Rancho Santa Margarita, CA
C250,GLK350
I dont think you got ripped off, it seems fair, the dealer made a few bucks and you saved a few bucks. You can always make an equity payment to help save interest charges down the road.
MBWorld Fanatic!
Joined: Oct 2009
Posts: 2,286
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From: eNyCe
Steel Grey Metallic C63!!
It's the lack of down payment that is really killing you. If you have good credit, you can refi your car for under 3% and you should strongly consider reducing your principle to lower your payment amount. The refi doesn't cost anything. 900 a month is quite a sizeable monthly obligation.
MBWorld Fanatic!
Joined: Oct 2008
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From: Atlanta, GA
2008 C300 Sport 6 Speed Manual, 1953 Chevy Bel-Air, 2015 Audi allroad, 1963 Chevy Apache
It's the lack of down payment that is really killing you. If you have good credit, you can refi your car for under 3% and you should strongly consider reducing your principle to lower your payment amount. The refi doesn't cost anything. 900 a month is quite a sizeable monthly obligation.
Also, if your loan is a simple interest loan, as most are, you can simply put down as much money as you would have for a down payment and that will be applied to the principal. If you do this, your payments will remain at the higher, no downpayment level, but you will pay the loan off earlier with a reduced cost of interest.
