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Car question: price of a 2007 car sold as new?

Peter PrinciplePeter Principle Registered User regular
edited March 2008 in Help / Advice Forum
The dealership is offering to sell us a new 2007 (not a 2008) Kia Spectra, full 5 year warranty from date of purchase. Unfortunately, Edmunds.com doesn't list prices for new 2007 Kias, only 2008 kias. How can I find out what a new (not a used) 2007 should go for?

"A man is likely to mind his own business when it is worth minding. When it is not, he takes his mind off his own meaningless affairs by minding other people's business." - Eric Hoffer, _The True Believer_
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  • JHunzJHunz Registered User regular
    edited March 2008
    The blue book ought to be a good reference.

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  • DjeetDjeet Registered User regular
    edited March 2008
    The '08 model doesn't appear to have any major changes, so you could probably estimate the markup on the '07 model to be similar to the '08 model. Spec out an '08 model at edmunds and you're close.

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  • Peter PrinciplePeter Principle Registered User regular
    edited March 2008
    JHunz wrote: »
    The blue book ought to be a good reference.

    Thanks! That helps.
    Djeet wrote: »
    The '08 model doesn't appear to have any major changes, so you could probably estimate the markup on the '07 model to be similar to the '08 model. Spec out an '08 model at edmunds and you're close.

    About how close, would you say? Maybe $500 less for an '07 (all other things being equal)?

    Peter Principle on
    "A man is likely to mind his own business when it is worth minding. When it is not, he takes his mind off his own meaningless affairs by minding other people's business." - Eric Hoffer, _The True Believer_
  • DjeetDjeet Registered User regular
    edited March 2008
    Given it's segment of the car market, I don't think the invoice price went up $500 (I'd say $200 max for the base model, but that's pure speculation). Though the weakening dollar may have forced Kia to make price increases (I haven't been tracking this car). That just tells you how much the dealer paid for it. If it's an '07 then it's likely been sitting on lots for 6+ months. Or perhaps it's a demo?

    You should get a good deal on it. You might do better in your negotiations if you NOT consider this car as being a "new" car, but rather it being a very lightly-driven used car (because if you had to sell it the day after you bought it, anyone reading your ad would think you car is 1+ yr old).

    Djeet on
  • Nitsuj82Nitsuj82 Registered User regular
    edited March 2008
    Yeah, this car has been sitting on a lot somewhere for almost a year at this point. They should be giving you a screaming deal (maybe even invoice) to get the thing off of the lot.

    http://autos.msn.com/research/vip/pricing.aspx?year=2007&make=Kia&model=Spectra&trimid=-1

    There's the info on the '07. good luck. You should come out of this on top if your credit is good.

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  • Peter PrinciplePeter Principle Registered User regular
    edited March 2008
    Thanks everyone. Here's the deal I got:

    Kia Spectra 07 EX with 77 miles on it, remote keyless entry/keyless starter and rear spoiler (:lol:) as extras, $15000 with $1000 cash back, and 1.9 APR financing for 60 months. Is that an OK deal?

    Peter Principle on
    "A man is likely to mind his own business when it is worth minding. When it is not, he takes his mind off his own meaningless affairs by minding other people's business." - Eric Hoffer, _The True Believer_
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