My local gm dealership has a "new" 1999 gmc jimmy fully loaded sitting on his lot. His wife drove it for a short time, so I haven't checked on the mileage. I know the car has been there these 4 years, because my kids looked at it a couple of years ago. I am assuming it would still have all warranties implied. The sticker price is $32,000 window with a $10,000 dollar discount. Would it be viable to consider this vehicle as it is 4 years old, but "new"? And could I possibly(if I could even get financed) get them to come down even more? Thanks,
Whether it has the factory warranty is determined on whether the truck was ever titled or not...from a similar situation. But bottom line, if you were to turn it around and try to sell it, its about to be 5 years old (is the date still September?). They can call it what they want to sell it, but when you resell it, reality sets in. Run a blue book on it and see what you could buy a 99 with x miles on it for. My biggest question is why has it been sitting around for 4 years?
thanks for the response, jlynn! I just talked to the dealer, and it has 6,000 miles on it. I asked her the same thing, and she told me that that was basically the year the bigger SUV's started showing up in popularity, and it just never sold. I agree with you on the resale and age factor. My 97 I just got has a trade in value of 11,200, and a resale in the high $12,000 range. Warranty will be intact as it was never titled.
Under the law a vehicle is "new" if it has never been titled. If the dealer has a "Manufacturer's Statement of origin" (also called a MSO) then it is new. If the dealer has a Title, it is used. Whether and what warranty is in force is something you would need to get in writing from the dealer.
If I do decide to do this, do you think it would be a waste of my money considering the depreciation and resale value?
Exactly. Obviously something is wrong with it. Car dealerships are in the business of moving vehicles off the lot - not warehousing them. I would certainly check the national registry for wrecked autos to see if it's on there.
It's probably worth the effort to check it out on Carfax.com. I have several friends who use this religiously when buying used cars and it tends to be helpful. (I understand that this is a "new" car, but it's certainly worth the effort to be sure.)
The "Private Party" Kelly Blue Book on a 99 Jimmy with 6K miles on it pretty much loaded looks to be no more than 12K and the "Retail" on it is even around 15K. I would say that it would be a good price around 15K, but at 22K it's a major rip off. Look at http://www.kbb.com And I found a pretty well loaded 2001 with 14K miles on it for $19K at CarMax If the warranty is that important to you, find an actual used Jimmy at a GMC dealership and get one of those optional extended warranties. Going on 5 years old, I would expect at least a 50% off original sticker. I say you can get a better deal elsewhere, or get this dealer to take it down. They still think that after using it for 4 years and having thousands of people come and sit in it they can still sell it for close to what they paid GMC. That being said, on the good side you could get this 4-5 year old SUV, put 50,000 miles a year on it for 2 years, and sell it without the excess mileage notation. ChrisB
Especially after what Chrisb said Patty, the deal stinks. Do you really want to pay $7,000 for a 3/36 warranty. Seems a little steep ~ Sounds like a bunch of bs anyway. I can't imagine a car that won't sell for 4 years. ...it just smells bad
you may be right jlynn!! I'm gonna drive it and suggest they come down at least another 5 to 7 thousand, and I wann carfax just to be sure!! If they'll do that, I might go for it.
thanks for all your help, guys!! They own all the cars on their lot, and didn't want to come down on the price, which after TTL was over $23,000 for a nearly 5 year old new car!! I told them thanks, but I could by a NEW new car for $23,000!! I appreciate the feedback from you all!!
