10-24-2011, 07:15 PM
This car will be available in Dec. if I want it: loaded Viridian Joule, 2011 demo with under 2000 miles on it. Dealer says MSRP was $44725 but will sell at invoice price of $43331.86. Any comment on whether this would be a good deal? I understand that since it hasn't been titled I will qualify for the $7500 tax credit.
10-24-2011, 07:24 PM
Not sure about the tax credit but I think many lenders will not consider a car new with more than a certain number of miles. If you are planning on financing I'd check into that too. Under 2000 doesn't seem to bad for the price though!
10-24-2011, 08:27 PM
Verify that you actually would get the tax credit and that invoice is too close to the sticker so I'd check the true invoice on KBB.com or related car sites. If you don't want to wait until next year, go for it.
I don't think it's enough off. I'd see i you could get it down another $2K or $3K, and I'm partial to MY 2011. Obviously just an opinion.
10-24-2011, 10:19 PM
I don't think its anywhere near enough off. A new 2012 can be had at sticker price, that demo is a one year old vehicle, I'd want AT LEAST $3500 (probably $4k) off the sticker.
10-24-2011, 10:49 PM
No way I'd pay that. I'm with rubley. Order a new one or tell them "give me a good deal". Dealers will try to sell demos for MSRP and that is downright wrong with other dealers are selling brand-new at discounts off MSRP.
I bought a demo car in '05 that had 8K miles and they gave me $7500 off the MSRP. Don't fall for this "invoice deal". Offer them $40K and say that's your final offer. Walk out and see if they follow. I bet they do.
Check your state rebates too. You may have one. In my state of PA, it's 3500 rebate. But only if the car has < 500 miles on it and is not yet titled.
Jim Fallston Md.
10-25-2011, 11:48 AM
I agree the price is too high. That car was more or less used like a rental and probably was abused a little bit at least. I would also offer 40k and maybe go as high as 41k. Good luck with your decision.
10-25-2011, 12:44 PM
One dealer here said "if you are a current GM car owner already, we can take $1500 off MSRP".
Hey - my mother has a Chevy van - does that count? :-)
10-27-2011, 03:58 PM
I have a 2011 used, $44,600 MSRP for $41,000
10-27-2011, 08:24 PM
I understand that since it hasn't been titled I will qualify for the $7500 tax credit.
I did a fair bit of research on this, and found that it definitely should qualify. IIRC, the wording of the tax credit is the exact same as is used in other places, and ties in to whether or not a dealer can depreciate the car. The IRS allows them to depreciate things like snow plows, cars used as loaners, etc. But if the car is a demo unit that they then sell on their lot, they cannot depreciate it, even if it racks up quite a few miles (as they are in the business of selling these cars, and in many cases will make more than they paid for it). Since they cannot depreciate them, it counts as being a new car when you buy it (for tax purposes), even if it was used as a demo.
However, you have to be sure that it really is a new car (one that was never sold before); if you see "used" on any paperwork, it likely is a used car which would not qualify for the tax credit.
Also, if you are leasing, you don't have to worry about it, the tax credit (if any) goes to the leasing company.