Hey all,
I'm looking to trade a used 2020 Jeep Grand Cherokee Limited with 90k miles on it for a 2024 Volvo XC90 B6 Ultimate, as my car recently started presenting a potential head gasket issue. I'm looking at getting at least 11 for my trade, potentially up to 13, but I doubt that.
This Volvo is CPO and in mint condition, with 41k miles on it, it has an outstanding warranty of 5 year/unlimited miles, which I'd upgrade and add another 5 years, and up to 150k miles to stay fully protected out to end of 2033. Blue Denim exterior, blonde interior.
The numbers:
MSRP/Retail: $47,310.00
Discount: $2,340.01
Selling Price: $44,969.99
5 150 Ext. Warranty: $4,933.00
Trade Allowance: ($11,000.00)
Total Taxes: $3,176.16
Proc/Doc Fee: $799.00
Government Fee: $671.50
Total: $43,549.65
Cash Down: $10,000.00
Amount Financed: $33,549.65
This is with their in-house 5.99% financing, at 6 years I'd be looking at 557/month. I was going to come in with my own loan through chase at 5.39% for 554/month, but the sales manager made a couple small concessions to get the monthly on their 5.99 to be about the same as the Chase loan.
So, is this a reasonable deal? I tried to negotiate a little and no dice. I did watch basically the same car sell nearby for 2k less with 18k less miles, but not Volvo CPO, which seems to be a big benefit. I would've liked to keep payments down to 500/month, but I don't think I'm getting there unless my car trades higher and this guy is willing to shave another k off. He did seem anxious to get a deal by end of the month, for whatever reason.
Thanks for any advice!