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Old 02-23-2009, 04:36 AM   #1
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IQ Test: Used Car Ad

So I've been looking for a deal for my wife. I don't usually look at dealer ads, but there aren't that many Volvos for sale by owner. Anyone see anything strange about this ad?


http://memphis.craigslist.org/ctd/1042092700.html


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Old 02-23-2009, 06:42 AM   #2
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The advertiser is not very good at math from what I can see.
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Old 02-23-2009, 06:50 AM   #3
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Math seems fine. I don't think Volvo made a 4 cylinder did they?
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Old 02-23-2009, 07:14 AM   #4
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Math seems fine. I don't think Volvo made a 4 cylinder did they?

math does not seem fine. the seller is asking for $5000, but if you do his FREE financing you would be paying $9200.00
not to mention his asking price is probably more than half of what the car is worth.
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Old 02-23-2009, 06:46 PM   #5
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S60's have the 5 cyl, 2.4 in that year, turbo was an available option.

The big problem was the math. I was glad to see this ad so I could prove to my wife how used car dealers- and some new car dealers try to focus people on notes instead of purchase price. Yeah, $9200 is a bit much for an 8 year old Volvo. That's not as bad as a friend who paid (so he thought) $6k for an 00 Cavalier, but his payments were $250 for 48 months, and he put $2k down. Once you get out of that 6-7 year range where the banks won't give you a loan on the car- you'll get screwed buying from a used dealer if you don't know how to add.
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