Fees are what likely drove the price up on the car from Larry Green Ford in Bytle, CA. It's a 2017. One most people aren't looking for a two year old
new car. Two I took the price, put it in CA DMV fees calculator and popped out just over $2000 in fees.
When she told me the required down payment was much higher than the lender required, I told her that's not possible according to the final price I calculated. I told her the amount and she said "That's not how we calculate the price..."
One would think a dealer that has a two year old
new car would be in a hurry to get rid of it. But Star Ford in Glendale has 2018 Orange Spice Fiesta ST. Most people don't want an orange car, fine. The price if you call them is below $20K but they want you to come in to possible drive it down further.
I know it can go down further because in the low desert at Yucca Valley Ford they have a 2018 with black wheels as the only only option for $18,488. The Star car has a moonroof as it's only option (besides the color). They also install Low Jack on their cars which is a tactic that Galpin still does or used to employ on it's new cars.
Even so $20050 for a largely unpopular color is $1562 more? Even if you take into account the color and the moonroof it's still $208 more.
That much does make a difference in lending because if you're over the financed limit, the interest rate skyrockets, forcing you to put down more money.
That is why when dealers submit my car to the lender it comes back requiring not the 5%-10% down the lender wants but closer to 15%.
I know I can make them discount the
security device but they refuse to talk price over the internet.
I'm still a bit hopeful because when I got my Focus ST, I used a price quote from Koon's Ford and they didn't blink. They matched it without issue. That forced them to sell me the car over $1000 under invoice (which is nebulous) for a car they had on the lot for over 90 days.
If I want to get under $17,542 I likely have to go out state. My private cash offer expires at the end of this month.
Oh yeah interest rates are negotiable....