My local Ford dealer is hosting a buy-back program this month - Page 3 - Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum
Ford Focus Forum
HomeContact UsAbout UsGalleryDiscussion ForumsMarketplace


Go Back   Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum > Ford Focus Third Generation > MK3 Focus

MK3 Focus The place to chat about general questions, window tinting, exterior body, interior and lighting upgrades for the third generation 2012-Current Focus.

Search This Forum | Image Search | Advanced Search    
Ford Focus Tire & Wheels FocusFanatics Merchandise

Reply
 
Thread Tools Display Modes
Old 03-03-2013, 07:55 AM   #21
lorddave
Focus Rookie
 
Join Date: Feb 2013
Fan#: 110556
Location: New Windsor, NY
What I Drive: 2001 Green Ford Focus ZX3

Posts: 6
FF Reputation: 1 lorddave Good Standing Member
Buy-Sell-Trade Rating: (0)
I thought the 2012 focus had serious transmission issues? Why would the dealer want to risk buying back a car they can't sell?
lorddave is offline  
    Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Old 03-03-2013, 08:51 AM   #22
Rogerschro
Focus Addict
 
Rogerschro's Avatar
 
Join Date: Oct 2011
Fan#: 90661
Location: Bellbrook, OH
What I Drive: '12 FFE Frosted Glass

Posts: 776
Points 876, Level 15
Points: 876, Level: 15 Points: 876, Level: 15 Points: 876, Level: 15
Level Up 76% Completed
Level up: 76% Level up: 76% Level up: 76%
Forum Activity 2%
Activity: 2% Activity: 2% Activity: 2%
FF Reputation: 3 Rogerschro Good Standing Member
Buy-Sell-Trade Rating: (0)
Quote:
Originally Posted by lorddave View Post
I thought the 2012 focus had serious transmission issues? Why would the dealer want to risk buying back a car they can't sell?
Probably because it isn't such a serious issue. It's like listening to Fox or MSNBC, too much time listening to either one and you end up with a very bad idea of what is really going on in the world.... We just read about it or experience our own issues, but it is the dealerships that really feel the pinch or any problems that arise frequently. They have a much better understanding of what is selling and how much they can ask for a given car in their region. My car never had an issue with anything on it. I happen to have Two and wanted a Hybrid for the city commutes my girlfriend does. Plus it has more room for hauling her daughter, child and stroller around. Otherwise I would not trade in the focus for it. I really like my own and will be keeping it for a long while to come. Getting tint done next week!
Rogerschro is offline  
    Reply With Quote Quick reply to this message
Old 03-03-2013, 08:58 AM   #23
Mile30
Focus Fanatic
 
Mile30's Avatar
 
Join Date: Apr 2010
Fan#: 74686
Location: Westminster, MD
What I Drive: '03 ZX3

Posts: 1,851
Points 7,878, Level 59
Points: 7,878, Level: 59 Points: 7,878, Level: 59 Points: 7,878, Level: 59
Level Up 64% Completed
Level up: 64% Level up: 64% Level up: 64%
Forum Activity 4%
Activity: 4% Activity: 4% Activity: 4%
FF Reputation: 7 Mile30 Good Standing Member
Buy-Sell-Trade Rating: (10)
Before you walk in their door bright-eyed; you have GOT to do some math for yourself!

What was MSRP on your car when you got it? Cut that number in half the first two years. We just did a basic appraisal (what the salesperson is going to do before handing the keys to the used car mgr). The manager will weigh current condition and miles on your car against black book (local/nat'l auction prices) to arrive at the offered value.

You also need to find out, to-the-day, what you owe on it. Subtract the appraised value from the note's balance to see if you're carrying equity or "upside-down". If the latter; it's not an advantageous move for you. However, any equity can help boost money down in addition to and dealer incentives or mfg's "cash back".

If you can trade into a vehicle with better features for the same payment; you'll only be extending the number of years you're responsible to pay on it... but in a 'better' car. Those flyers are distributed solely to "drive foot traffic" in the door and create more oppotunities for their sales force to close deals. The same way a shop might offer you a free oil change in order to get permission to walk under your car and look for problems to fix that you may not have been aware of.

If you're tired of you current car or worried about failing equipment on your car, then neither sales/service trying to sell or fix you up is a bad thing... just educate yourself a bit before walking in!
__________________
"I'm gonna sing the doom song..."
Mile30 is offline  
    Reply With Quote Quick reply to this message
Old 03-03-2013, 12:48 PM   #24
Yanner
Focus Enthusiast
 
Join Date: Jan 2012
Fan#: 93640
Location: London, Canada
What I Drive: 2012 Sonic Blue 5MT hatch

Posts: 107
FF Reputation: 1 Yanner Good Standing Member
Buy-Sell-Trade Rating: (0)
I expect that whatever deal one might be able to make during such a "buy back event" (which is terribly misleading, should be called trade-in event) is a deal you should be able to make any day of the week. Actually, by calling it an event and putting a deadline on it, it's another pressure tactic to make the sale happen.

They are in the business of selling cars and like someone mentioned, this is a 2 for 1 for them.
Yanner is offline  
    Reply With Quote Quick reply to this message
Old 03-03-2013, 03:35 PM   #25
asting
Focus Enthusiast
 
Join Date: Apr 2012
Fan#: 98342
Location: Cleveland, OH
What I Drive: 2012, Tux Blk Met Focus 5d Sport

Posts: 466
Points 509, Level 10
Points: 509, Level: 10 Points: 509, Level: 10 Points: 509, Level: 10
Level Up 18% Completed
Level up: 18% Level up: 18% Level up: 18%
Forum Activity 0%
Activity: 0% Activity: 0% Activity: 0%
FF Reputation: 1 asting Good Standing Member
Buy-Sell-Trade Rating: (0)
Quote:
Originally Posted by Rogerschro View Post
Had I done a one year lease, I would have paid about the same, so yes, you are correct. BUT, I think it was a good deal, and since it is my choice and I agreed with the terms, it is a good deal for me. Someone else may not think so but at the end, it is each of our choices we live with.
I'm not trying to tell you what to do, but there's very little room for opinions in finance (as paying less for the EXACT same thing is objectively better).

Depending on your options, and what you were offered you did not do well.

Most leases have a fixed monthly payment, however the depreciation rate on most autos is very heavily front weighted. That is, you experience a 25% drop in value within the first year, and the rate of depreciation decreases over the life of the vehicle.

Fixed lease payments don't cover the drop in value the first year, however they make up for it in later years by charging you more than the monthly value decrease of the car. By trading in after one year, you took the largest hit for depreciation and "paid" way more than you would for a lease.

If this doesn't make sense I can make a graph showing the linear, vs exponential, concave up decreasing costs under each scenario.
asting is offline  
    Reply With Quote Quick reply to this message
Old 03-05-2013, 07:09 AM   #26
Rogerschro
Focus Addict
 
Rogerschro's Avatar
 
Join Date: Oct 2011
Fan#: 90661
Location: Bellbrook, OH
What I Drive: '12 FFE Frosted Glass

Posts: 776
Points 876, Level 15
Points: 876, Level: 15 Points: 876, Level: 15 Points: 876, Level: 15
Level Up 76% Completed
Level up: 76% Level up: 76% Level up: 76%
Forum Activity 2%
Activity: 2% Activity: 2% Activity: 2%
FF Reputation: 3 Rogerschro Good Standing Member
Buy-Sell-Trade Rating: (0)
Quote:
Originally Posted by asting View Post
I'm not trying to tell you what to do, but there's very little room for opinions in finance (as paying less for the EXACT same thing is objectively better).

Depending on your options, and what you were offered you did not do well.

Most leases have a fixed monthly payment, however the depreciation rate on most autos is very heavily front weighted. That is, you experience a 25% drop in value within the first year, and the rate of depreciation decreases over the life of the vehicle.

Fixed lease payments don't cover the drop in value the first year, however they make up for it in later years by charging you more than the monthly value decrease of the car. By trading in after one year, you took the largest hit for depreciation and "paid" way more than you would for a lease.

If this doesn't make sense I can make a graph showing the linear, vs exponential, concave up decreasing costs under each scenario.
LOL! no need for graphs! I understand statistics and finances. As you state Depending on options and such I may or may not have done well.... So a weak argument to state I didn't do well if you don't know the numbers... BUT, I will say you are right in that in almost every case it is a loosing proposition to trade early. I did not get the Cmax at a steal, I got it at a price I considered fair. That makes it a good deal for me. My dealer has gotten a fair but of business from me lately and because of this, they hunted down the car I wanted at the terms I asked for and found a Cmax with not only the features I wanted but also the heated seats and MFT system that I didn't ask for, but was available rather than ordering one. I was very specific on what color exterior and interior. I also specified the Zebart protection plan and ESP plan be a part of the sell price. I set the terms of how much I was willing to pay, my monthly payment and length of payments. I set this on their table and said if you meet these requirements I will buy. They exceeded these requirements with the winter pack and MFT. I got the color and the interior features I wanted. I didn't have to settle for a second choice or pay more than I agreed to. Some may say I didn't do well, I should have done better or waited until I owed less on the car than the current value, but I got what I wanted out of the deal, the car is great and my girlfriend loves it, so I got a good deal. ( I even got a lower interest rate than usual for the duration of the terms, it helps to have a high credit rating....)
Here is a shot of the new car.

And one with my FGM which I still own. Two great cars!

Last edited by Rogerschro; 03-06-2013 at 09:13 AM.
Rogerschro is offline  
    Reply With Quote Quick reply to this message
Reply

Bookmarks & Social Networks

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 11:48 PM.


Copyright 2002-2014 FocusFanatics.com. All Rights Reserved : Privacy Policy : Advertise Information

Focus Fanatics Ford Focus Forum offers many fun ways for you to engage with other Ford Focus Owners from across the world. Whether it be about the aftermarket performance modifications, technical how-to's, European tuned suspension or awesome fuel economy similar to the Audi S3, Ford Fusion and Acura TLX. You can find all Ford Focus and Focus ST related information here. Join our Ford Focus discussion forums and chat with local Focus enthusiasts in your area. Challenger Hellcat - Charger Hellcat