Clunker for FIT buying experiences
Member
Joined: Jul 2009
Posts: 134
From: New Jersey
Traded in 96 Ford Explorer for the full $4500. Got the Fit Sport for $13,500 OTD. Deal went smooth without a problem. Dealer was packed for a Monday night and they all told me the CARS program has been a big success as far as sales go so far for Honda.
New Member
Joined: Jul 2009
Posts: 14
From: SoCal
YAY SANDY!
And you could be right, they may have seen the "you can have $50.00 for fees" part and missed that it's supposed to come from the scrap value.
They could have their own deal bounce back, because of that, if they don't work on fixing it. But that would be THEIR problem, THEIR error.
P.S. where did you find the title hiding?
And you could be right, they may have seen the "you can have $50.00 for fees" part and missed that it's supposed to come from the scrap value.
They could have their own deal bounce back, because of that, if they don't work on fixing it. But that would be THEIR problem, THEIR error.
P.S. where did you find the title hiding?
After searching through my files in vain, trying to find my "auto" folder, I found the title at the bottom of a basket of "miscellany" that I had removed from my desk eons ago. Whew!
Sandy
(BSP Fit Sport)
Last edited by SandyD; Jul 30, 2009 at 01:22 AM.
Member
Joined: Jul 2009
Posts: 110
From: Colorado
New Fit owner here. Tuesday I traded a 1989 Jeep Cherokee for a Fit Sport MT. $16,590 + tax. The dealer gave me $250 scrap value for my jeep. I got $4750 for something I paid $400 for 3 years ago.
The salesman I worked with said he had already done 9 CARS trades by that point and seemed to know what he was doing. It took some time to complete all the paperwork but nothing looked too complicated.
I was very satisfied with the dealer, Fisher Honda in Boulder Colorado. It's the first time I have ever bought a new car and didn't feel like I had to take a shower after.
The salesman I worked with said he had already done 9 CARS trades by that point and seemed to know what he was doing. It took some time to complete all the paperwork but nothing looked too complicated.
I was very satisfied with the dealer, Fisher Honda in Boulder Colorado. It's the first time I have ever bought a new car and didn't feel like I had to take a shower after.
Thread Starter
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Someone that spends her life on FitFreak.net
Joined: Dec 2008
Posts: 1,448
From: West Coast, USA
Just got back from delivering the title to the dealer (and stopping for dinner). Husband made them photocopy the title and sign the copy stating they had received it. Logged 160+ miles on the Fit today alone due to this debacle (two round trips).
After searching through my files in vain, trying to find my "auto" folder, I found the title at the bottom of a basket of "miscellany" that I had removed from my desk eons ago. Whew!
Sandy
(BSP Fit Sport)
After searching through my files in vain, trying to find my "auto" folder, I found the title at the bottom of a basket of "miscellany" that I had removed from my desk eons ago. Whew!
Sandy
(BSP Fit Sport)
At least the 160 miles was in the FIT, which makes it a lot more bearable.
I found my old marriage and divorce papers used as a bookmark in an interior design book.
Thread Starter
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Someone that spends her life on FitFreak.net
Joined: Dec 2008
Posts: 1,448
From: West Coast, USA
Ahhh, the memories, seems like just yesterday...
https://www.fitfreak.net/forums/gene...fit-owner.html
Thread Starter
|
Someone that spends her life on FitFreak.net
Joined: Dec 2008
Posts: 1,448
From: West Coast, USA
New Fit owner here. Tuesday I traded a 1989 Jeep Cherokee for a Fit Sport MT. $16,590 + tax. The dealer gave me $250 scrap value for my jeep. I got $4750 for something I paid $400 for 3 years ago.
The salesman I worked with said he had already done 9 CARS trades by that point and seemed to know what he was doing. It took some time to complete all the paperwork but nothing looked too complicated.
I was very satisfied with the dealer, Fisher Honda in Boulder Colorado. It's the first time I have ever bought a new car and didn't feel like I had to take a shower after.
The salesman I worked with said he had already done 9 CARS trades by that point and seemed to know what he was doing. It took some time to complete all the paperwork but nothing looked too complicated.
I was very satisfied with the dealer, Fisher Honda in Boulder Colorado. It's the first time I have ever bought a new car and didn't feel like I had to take a shower after.
I was trying to think of that word earlier, your screen name, because I'm the opposite and I'm really getting joy from other people's joy during this whole CARS program.
Sooooo, what color did you choose? Or what color chose you?
Member
Joined: Jul 2009
Posts: 160
From: Columbus, Ohio
Yikes!
It would appear the government, in all it's ineffable wisdom, changed the clunkers list last night.
I hope this doesn't bite anybody here. The article is making it sound like the dealers would have to eat the $4,500, but who knows.
It would appear the government, in all it's ineffable wisdom, changed the clunkers list last night.
Originally Posted by Today's Columbus Dispatch
The Columbus Dispatch : Sticker shock: Feds change 'clunkers' list
Sticker shock: Feds change 'clunkers' list
Wednesday, July 29, 2009 10:38 PM
By Dan Gearino
THE COLUMBUS DISPATCH
A clunker yesterday might not be a clunker today, after the federal government changed the rules on which cars are eligible for its "Cash for Clunkers" rebate.
As a result, car dealers might not be reimbursed for rebates on sales they already have completed.
"It's kind of a raw deal," said Rhett Ricart, co-owner of Ricart Automotive. "But when it's all said and done, it's a good program, and it's working well so far."
The Environmental Protection Agency said 78 vehicles no longer qualify as trade-ins under the program, while another 86 vehicles have been added to the list of those that qualify.
Sticker shock: Feds change 'clunkers' list
Wednesday, July 29, 2009 10:38 PM
By Dan Gearino
THE COLUMBUS DISPATCH
A clunker yesterday might not be a clunker today, after the federal government changed the rules on which cars are eligible for its "Cash for Clunkers" rebate.
As a result, car dealers might not be reimbursed for rebates on sales they already have completed.
"It's kind of a raw deal," said Rhett Ricart, co-owner of Ricart Automotive. "But when it's all said and done, it's a good program, and it's working well so far."
The Environmental Protection Agency said 78 vehicles no longer qualify as trade-ins under the program, while another 86 vehicles have been added to the list of those that qualify.
Thread Starter
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Someone that spends her life on FitFreak.net
Joined: Dec 2008
Posts: 1,448
From: West Coast, USA
https://www.fitfreak.net/forums/othe...tml#post710625
That is still an unanswered question. Who pays if the government doesn't?
Does the dealership eat it? Does the consumer have to pony up more money? Does the dealer take the car back? If it's that last thing, and people accepted a dollar for their old car, which they are NOT going to get back, that will cause a few problems.
And the dealer doesn't really WANT a car back that already has had miles put on it. Can they even sell it as "new"?
This CARS program has more drama than any daytime soap opera or reality show.
Member
Joined: Jul 2009
Posts: 110
From: Colorado
The $16,590 was before the rebate/deduction, right? Great deal, if so. Excellent on the scrap value! That dealership sounds like it's on the up and up.
I was trying to think of that word earlier, your screen name, because I'm the opposite and I'm really getting joy from other people's joy during this whole CARS program.
Sooooo, what color did you choose? Or what color chose you?
I was trying to think of that word earlier, your screen name, because I'm the opposite and I'm really getting joy from other people's joy during this whole CARS program.
Sooooo, what color did you choose? Or what color chose you?
I got Tidewater Blue. My first choice would have been Orange but opting for a Sport with manual limits choices. They had almost 20 Fits and only 2 were Sport manuals.
Thread Starter
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Someone that spends her life on FitFreak.net
Joined: Dec 2008
Posts: 1,448
From: West Coast, USA
That price is before the rebate was applied. With the rebate and the low interest rate 4.65% I got, my monthly payment will only be $250 a month.
I got Tidewater Blue. My first choice would have been Orange but opting for a Sport with manual limits choices. They had almost 20 Fits and only 2 were Sport manuals.
I got Tidewater Blue. My first choice would have been Orange but opting for a Sport with manual limits choices. They had almost 20 Fits and only 2 were Sport manuals.
Dealer closest to me has ONE stick sport. That's it.
Say, would you have bought an automatic if they were sold out of stick Sports? Would you dare wait? Or try another dealership? It's such a hefty discount that it's awfully hard to risk losing it.
Tidewater Blue is the chameleon of the FIT colors.
Member
Joined: Jul 2009
Posts: 670
From: SF Bay Area
Got my name on a new Silver on Monday.
My dealer (which gave the best price) is more conservative, and their policy is to wait for the government paperwork and approval to go through before doing the actual trade and drive-off. No word yet :/
The government rules are written pretty clearly, it's up to each dealership's management to follow the rules. If they messed up somehow (such as making a deal before the final Jul24 and the MPGs switched), time to review the fine print on the sale contract that you signed. If they were smart, they would have put in a clause on what happens if the paperwork is rejected.
Given the popularity of this program (cashforclunkersfacts estimates that backlog may already consume all the funds), it seems prudent to get the deal done sooner rather then later, rather then wait on small differences and potentially miss out completely.
My dealer (which gave the best price) is more conservative, and their policy is to wait for the government paperwork and approval to go through before doing the actual trade and drive-off. No word yet :/
The government rules are written pretty clearly, it's up to each dealership's management to follow the rules. If they messed up somehow (such as making a deal before the final Jul24 and the MPGs switched), time to review the fine print on the sale contract that you signed. If they were smart, they would have put in a clause on what happens if the paperwork is rejected.
Given the popularity of this program (cashforclunkersfacts estimates that backlog may already consume all the funds), it seems prudent to get the deal done sooner rather then later, rather then wait on small differences and potentially miss out completely.
Member
Joined: Jun 2009
Posts: 127
From: Elgin, IL
Got my name on a new Silver on Monday.
My dealer (which gave the best price) is more conservative, and their policy is to wait for the government paperwork and approval to go through before doing the actual trade and drive-off. No word yet :/
The government rules are written pretty clearly, it's up to each dealership's management to follow the rules. If they messed up somehow (such as making a deal before the final Jul24 and the MPGs switched), time to review the fine print on the sale contract that you signed. If they were smart, they would have put in a clause on what happens if the paperwork is rejected.
Given the popularity of this program (cashforclunkersfacts estimates that backlog may already consume all the funds), it seems prudent to get the deal done sooner rather then later, rather then wait on small differences and potentially miss out completely.
My dealer (which gave the best price) is more conservative, and their policy is to wait for the government paperwork and approval to go through before doing the actual trade and drive-off. No word yet :/
The government rules are written pretty clearly, it's up to each dealership's management to follow the rules. If they messed up somehow (such as making a deal before the final Jul24 and the MPGs switched), time to review the fine print on the sale contract that you signed. If they were smart, they would have put in a clause on what happens if the paperwork is rejected.
Given the popularity of this program (cashforclunkersfacts estimates that backlog may already consume all the funds), it seems prudent to get the deal done sooner rather then later, rather then wait on small differences and potentially miss out completely.
Warner
Member
Joined: Jun 2006
Posts: 485
From: Colorado
If the government denies your rebate you the consumer is liable for the 4500. The dealer is simply the conduit for the program. You may pay the money or unwind the deal and receive your trade back.
Any additional scrap value will be disbursed in a check to you from the scrap yard. dealers are not trained to determine scrap value. Most will allocate 1 to 100 dollars and remove there 50 dollar fee.
In most states you will pay sales tax on the entire purchase price of the new vehicle because the 3500/4500 is considered a rebate and not trade in value.
Any additional scrap value will be disbursed in a check to you from the scrap yard. dealers are not trained to determine scrap value. Most will allocate 1 to 100 dollars and remove there 50 dollar fee.
In most states you will pay sales tax on the entire purchase price of the new vehicle because the 3500/4500 is considered a rebate and not trade in value.
Member
Joined: Jul 2009
Posts: 837
From: Atlanta, GA
Late breaking news:
July 30, 2009 The U.S. Department of Transportation has ruled that deals involving cash for clunkers trade-
ins based on old mileage numbers and consummated before July 24 will be honored, but deals consummated after July 24 on vehicles that became ineligible as clunkers due to mileage ratings changes will not be honored. This seems like a fair solution to me.
Member
Joined: Jun 2009
Posts: 127
From: Elgin, IL
If the government denies your rebate you the consumer is liable for the 4500. The dealer is simply the conduit for the program. You may pay the money or unwind the deal and receive your trade back.
Any additional scrap value will be disbursed in a check to you from the scrap yard. dealers are not trained to determine scrap value. Most will allocate 1 to 100 dollars and remove there 50 dollar fee.
In most states you will pay sales tax on the entire purchase price of the new vehicle because the 3500/4500 is considered a rebate and not trade in value.
Any additional scrap value will be disbursed in a check to you from the scrap yard. dealers are not trained to determine scrap value. Most will allocate 1 to 100 dollars and remove there 50 dollar fee.
In most states you will pay sales tax on the entire purchase price of the new vehicle because the 3500/4500 is considered a rebate and not trade in value.
In Illinois, it CAN be treated as a tax credit, so you do not get charged sales tax on the $3,500 or $4,500.
Where did you hear that consumers can expect to get a check from the scrap yard? I'd like to get more information on that if you have it.
Thanks much,
Warner
Member
Joined: Jul 2009
Posts: 160
From: Columbus, Ohio
First, I think the news story got it wrong; the MPG figures were updated on Friday, but many people didn't notice until later.
Late breaking news:
July 30, 2009
The U.S. Department of Transportation has ruled that deals involving cash for clunkers trade- ins based on old mileage numbers and consummated before July 24 will be honored, but deals consummated after July 24 on vehicles that became ineligible as clunkers due to mileage ratings changes will not be honored.
This seems like a fair solution to me.
Late breaking news:
July 30, 2009
The U.S. Department of Transportation has ruled that deals involving cash for clunkers trade- ins based on old mileage numbers and consummated before July 24 will be honored, but deals consummated after July 24 on vehicles that became ineligible as clunkers due to mileage ratings changes will not be honored.
This seems like a fair solution to me.
Like Warner, I'm also curious about where you heard that bit about the dealerships sending out checks after they get paid from the scrap yards. Any further info?
Had to drive up to Michigan today for work, the Toledo/Detroit area dealers are still advertising the hell out of the C4C program on the radio, that kind of surprised me.
Member
Joined: Jul 2009
Posts: 837
From: Atlanta, GA
If the government denies your rebate you the consumer is liable for the 4500. The dealer is simply the conduit for the program. You may pay the money or unwind the deal and receive your trade back.
Any additional scrap value will be disbursed in a check to you from the scrap yard. dealers are not trained to determine scrap value. Most will allocate 1 to 100 dollars and remove there 50 dollar fee.
Any additional scrap value will be disbursed in a check to you from the scrap yard. dealers are not trained to determine scrap value. Most will allocate 1 to 100 dollars and remove there 50 dollar fee.
On what do you base the second statement? I'm not saying you are wrong about this, but I don't see where this is defined. It's an interesting question, but in my reading of the CARS regulations (I am not a lawyer) I see nothing that explicitly suggests this. It would be icing on the cake, but all I see is that the dealer is required to disclose to the customer his best estimate of the scrappage value of the car.
Member
Joined: Jul 2009
Posts: 134
From: New Jersey
SCORE!
Ahhh, the memories, seems like just yesterday...
https://www.fitfreak.net/forums/gene...fit-owner.html
Ahhh, the memories, seems like just yesterday...
https://www.fitfreak.net/forums/gene...fit-owner.html
Seems like so long ago that I first started this thread and was deciding between a Fit vs Yaris/Versa (what was I thinking?!). So glad to finally buy my first brand new car, drive it off the lot with that new car smell, and look down and only see TEN miles on the odometer!
p.s. if anyone has any more questions about the program I'll be more than happy to answer how it went, what you need, etc.