Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Fellow Fool:

I honesty dont think what you did could qualify as a "mistake". What it comes down to is that you feel you could have gotten a better deal. The TRUTH is that no matter what, we could always get a better deal. There will always be a car company a little bit more desperate to move last year's car with no A.C. off the lot.

Now as to this particular situation, lets take a look. You got a car that pretty much everyone thinks is excellent, certified from the manufacturer, with financing that really is low cost. It may not be 0.9%, but its pretty darn good. You are concerned because you may have paid approximately 6% too much for the car.

In my opinion, you should do what you can so that you can rest easy on this. $1,000 is a lot of money, but it is certainly not worth losing sleep over. If it were me, I would call the salesman and lay out the situation for him. I would do it in a nice way, but let him know how you feel. Be prepared for him to decline to offer anything. If he asks you what you want, be prepared to tell him. Also prepare yourself by reading the buy contract and seeing if you have any leverage.

No matter what happens, once you have done whatever you can so that you can feel you did your best, rest easy and enjoy your car. My thinking is that it is not worth the aggravation. You say that you plan to keep the car forever. If you keep it 4 years, than what you have overpaid is amortized (excluding interest on the note) to $20/month.

Print the post  


Beware Flood-Damaged Cars
Know what you are getting, don't get stuck with a Katrina victim. Check these links before you buy.
Disclaimer - Please Read
A message about professional advice.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.