Really, I don’t understand car dealer math. Okay, here’s the situation:
I wanted to talk about this before now but didn’t have a chance. Back in mid-summer my wife and I were kinda, sorta looking to replace the Corvette. Don’t get me wrong, I loved that car. But I’ve reached a point in my life where comfort, convenience and practicality is more important to me than a street legal race car with 500+ horsepower, a top speed pushing 200 mph, and an exhaust system that sets off car alarms when I drive through quiet neighborhoods. Oh, and I couldn’t drive it in the winter so it sat parked for at least 4 months of the year. So back in July we decided to finally stop putting it off and do it, trade the Vette off on something more comfortable and more useful, and that we could drive in the winter.
I wanted a Rav4. At first. My wife has a 2013 Rav and we like it a lot. It’s up to about 140,000 miles now and we’ve had absolutely zero problems with it. But… The Rav4 is no longer a nice vehicle. The ones I saw were far, far from nice. I hated the interior of the new Rav. Everything about the Rav felt, well, cheap and badly thought out, like they just glued a bunch of stuff together without any thought to ergonomics or driver convenience.
And, of course, there was the fact that we couldn’t actually drive one to see what it was like in actual use. The dealer only had one in stock, still not ready to drive, and if we even wanted to test drive it they demanded we put down a $500 deposit. Screw that nonsense.
To make a long story a bit less long, I ended up focusing on a Buick Envision Avenir at the local GM dealer in Chilton. It was really, really nice, Buick’s version of a luxury crossover vehicle. Emphasis on luxury. Fine leather everywhere, superb build quality, fit and finish was absolutely excellent. All the controls were in the right place. It had a five star safety rating. The ‘infotainment’ thingie was integrated into the dash, with a subtle curve to it to keep it aimed at the driver. It just – felt right, if you know what I mean.
So, the price they had on the Buick was pushing $50,000. According to Kelly Blue Book and other sources on the internet my Vette was worth $30,000 – $35,000 on a trade in. I figured it would be at the lower end of that because the Vette wasn’t exactly pristine. I’d walloped that car hard through the mountains in Wyoming and Montana on multiple trips, ran it over salt covered roads in the midwest, and used it to haul bags of mulch. And it showed.
So, here’s the bit I don’t get, the math. I told them to write up an offer on the Buick, trading the Vette on it. Now, real world math says that $50,000 – $35,000 = $15,000. So I was figuring I’d have to shell out about $15K on top of the Vette if I wanted the Buick. But…
Well, the salesman left me sitting in the office and went off somewhere to do something. Then he showed up again and went into the office of the owner of the dealership. I could see them in there through the office windows, looking at computers, scribbling stuff on notepads. Finally he came back and…
With taxes, fees, misc. charges, special weather proof coatings, a bumper to bumper warranty for 3 years that even covers the interior fabrics, I’d have to pay $6,000 on top of the Vette for the Buick. So apparently 50,000 – 35,000 = 6,000???
First they’d knocked about six grand off the price of the Buick for — reasons. They gave me way more for the Vette than all the sources on the internet said it was worth. There were other discounts and special deals and I don’t know what all else. They tried to explain it all to me but about five minutes into the explanation my eyes kind of glazed over and I just said never mind and wrote them a check and went home with the Buick.
Like I said, I don’t understand how car dealer math actually works. I suspect imaginary numbers are involved. And, perhaps, pixies or elves or something.