So I am looking at a 2009 Ford Ranger Sport 4WD Extended cab. The truck appears to be fully loaded with all options and only has 8200 kilometers on it. The sticker price is $21,995 Canadian. The payments worked out to be $190.00 bi-weekly for 7 years, or $34,580.00 when paid. Needless to say I walked away and told him he was not even in the ballpark. He called about an hour later and offered a payment of $148.00 bi-weekly over 8 years
($30,784.00) or 165.00 bi-weekly for 7 years ($30,030.00). He said he lowered the price and got me a “preferred interest rate”. I can pay the loan out at any time with no penalty. I’m just trying to figure out if I am actually getting a deal here or not and I have to go see him in the morning to get the details. My neighbor bought a new one two months ago and paid $16,00 for it, but it is a two wheel drive with no options. Also they are throwing in a free 42 inch lcd television. I checked carfax and it said there was one report but I don’t want to waste $30.00 bucks to find out that the truck was bought by someone at such and such a date.
So what do you guys think? Any ideas for bargaining on this kind of deal, where the truck is practically brand new?