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Deal Or No Deal?

jtupper

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jtupper Enthusiast

jtupper

Posted
Posted

Okay guys, I'm lloking for opinions here. I'm looking at a 08 Yukon XL with 60k on it. It's the 5.3 with 4l60e tranny. It's loaded with sunroof, nav, backup camera, remote start, DVD system, leather and quad cpt's chairs. I still need to have it inspected but, assuming that ckecks out, the only issue is that the back lift gate was repainted and they did a shotty job. The clear along the bottom lip of the lift glass is bubbling up and there was some kind of decal removed and you can see where they taped around it when they repainted.

 

The mileage is a little high for an 08, but it's not terribly bad and the wife doesn't really drive much. The negotiations have stalled at $27,853 drive out. That put the purchase price at $25k+. What do you guys think???

 

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KMGZ400 Senior Enthusiast

KMGZ400

Posted
Posted

its not a bad deal at all. the price is pretty good. how bad is the paint job? i would mention the shit paint to whoever your buying it from and say you want 1500 off or something like that

smattei14 Enthusiast

smattei14

Posted
Posted

www.kbb.com and www.edmunds.com

 

I would go over $500 to $1000 over TRADE IN. with energy cost (fuel, etc) going up...the price of SUV's are going to start to go down.

 

that will give you an idea of what the market is.

 

Also...study ebay...Look at Yukon's being sold and see how much people are paying for ones like yours.

 

that is what I did when I got mine.

 

I got a 2006 over 2.5 years ago for $19,300....its worth over $22,000 in trade in today...I just timed it right and watched what people were paying.

jtupper Enthusiast

jtupper

Posted
  • Author
Posted

I have already looked at the book values, but I find that these are seldom the numbers you actually get when trading a vehicle in.

 

KBB - $25,300

NADA - $29,500

Edmunds - $28,200

 

I talked to my bank and gave them the VIN and they said clean retail would be $35k while clean trade would be $29k. The market is the market, regardless of what the books say.

 

As for the paint, it's not terrible, but you can see the outline of the little fish decal that was on there. They taped around it so when they took it off you can see the new clear coat outline. I have mentioned it and they won't budge any further on the price.

smattei14 Enthusiast

smattei14

Posted
Posted
I have already looked at the book values, but I find that these are seldom the numbers you actually get when trading a vehicle in.

 

KBB - $25,300

NADA - $29,500

Edmunds - $28,200

 

I talked to my bank and gave them the VIN and they said clean retail would be $35k while clean trade would be $29k. The market is the market, regardless of what the books say.

 

As for the paint, it's not terrible, but you can see the outline of the little fish decal that was on there. They taped around it so when they took it off you can see the new clear coat outline. I have mentioned it and they won't budge any further on the price.

 

I would not go over $26,100 (with out tax)...but that is just me.

 

I would see if you could get the full package (tax and tags) at around $26,000 - $26,500.

 

Good luck...let us know how you do...

jtupper Enthusiast

jtupper

Posted
  • Author
Posted
I have already looked at the book values, but I find that these are seldom the numbers you actually get when trading a vehicle in.

 

KBB - $25,300

NADA - $29,500

Edmunds - $28,200

 

I talked to my bank and gave them the VIN and they said clean retail would be $35k while clean trade would be $29k. The market is the market, regardless of what the books say.

 

As for the paint, it's not terrible, but you can see the outline of the little fish decal that was on there. They taped around it so when they took it off you can see the new clear coat outline. I have mentioned it and they won't budge any further on the price.

 

I would not go over $26,100 (with out tax)...but that is just me.

 

I would see if you could get the full package (tax and tags) at around $26,000 - $26,500.

 

Good luck...let us know how you do...

 

It's been a busy morning...I went back to the dealer last and the salesman offered to pay half of the cost to get the back door repainted properly. He claims that is is coming out of his commision, although I'm not sure I believe that.

 

I went up there this morning to pick it up and take it to the dealer for an inspection. I had the dealer run the VIS and everything looked good...just a couple of recalls and the evap valve and radio were replaced under warranty. Whil in the computer, I notice the name of the previous owner (they had actually taken it to that dealership for the recalls) so I noted the name in my head. When I got to work I found the previous owner's name and phone number in the phone book and called him up. The dealer already called and said that it looks great and they can't find any problems with it.

 

Basically, he got pissed at GM over the paint peeling off the door handles and GM wouldn't do anything because it was out of warranty so he drove to the Ford dealership across the street and traded it. That dealership wouldn't give him what he wanted so they wholesaled it out to the guys I'm buying it from. He said he changed the oil every 3k religiously and it was a great car. He said he just spent $1400 on the new Michelins on it right before he sold it. He estinmates they probably have 500 miles on them. The one kicker is that he claims it was never wrecked and he has no idea about the rear door being repainted. He was very nice and seemed very forthcoming. He even told me that they gave hime $26,500 for it.

 

I'm getting it for $27,853 drive out. That includes tax and registration. The tax rate on vehicles here is 6.25% so there is probably $1600-$1700 in taxes which means I'm getting it for about $26,000 give or take. I think I'm getting a pretty good deal.

Denali_Joe Enthusiast

Denali_Joe

Posted
Posted

nice looking rig, sounds like you got the history on it too which is real nice. sucks about the paint, but if you can live with it and there isn't eminent corrosion risk go for it and give yourself an early Christmas present!

kdixer Enthusiast

kdixer

Posted
Posted

There will always be people that get or atleast claim they get better deals. But honestly, anytime you can buy something for less than book value, you have done alright.

 

If the guy was the original owner I would think he could and would tell you about the rear door. But if he bought it used who knows. Someone with good buffing experience may be able to help you out with the "step" in the clearcoat.

smattei14 Enthusiast

smattei14

Posted
Posted

the deal sounds good...but the paint would be an issue with me.

 

How much do you think it would cost to get it done RIGHT?

 

If they are willing to work with you on price...and they fix it RIGHT...nothing half ass to get you happy and get the truck off the lot...then I would think about doing the deal.

 

That is my toughts....

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