Koons buying/ delivery experience... a live thread of the experience

[dspinner]

What were you going to trade in if they met the price? How far off were they from carvana?

I was driving a 2016 5 series BMW. There was a 3k difference from them and Carvana.

 

[dspinner]

Mines sitting in Jessup as well. Lets hope we all have a good week lol. Are you guys financing there or through a CU?

I couldn't get an interest rate below 6.5% there or at a local CU so I brought a certified check for the whole thing. I would rather have the loan at a good rate though.

 

[timinnd]

For trade they were offering me 5k less than what local dealerships were offering.

Well, dealerships look at the the total "deal".

Your local dealer could could offer 5k more on trade because I'm assuming they were selling for more than 5k over Koons or wherever you bought?

From what some local dealers tell me, the "Big 5" on here (that sell around 10k under msrp) are cutting close to the bone. So I guess it's understandable they are not going to be tops in trade. But yes, 5k is a lot. But so is selling for 10k less.

 

[DIN0ZR]

Well, dealerships look at the the total "deal".

Your local dealer could could offer 5k more on trade because I'm assuming they were selling for more than 5k over Koons or wherever you bought?

From what some local dealers tell me, the "Big 5" on here (that sell around 10k under msrp) are cutting close to the bone. So I guess it's understandable they are not going to be tops in trade. But yes, 5k is a lot. But so is selling for 10k less.

It's my understanding the volume dealerships make very little on each individual sale. Apparently Stellantis has volume incentives that when you hit certain numbers of total sales then you get big payments. So I'm told they make their money by hitting those sales numbers and getting those incentive payments. I have no first hand info though.

 

[@JC]

Well, dealerships look at the the total "deal".

Your local dealer could could offer 5k more on trade because I'm assuming they were selling for more than 5k over Koons or wherever you bought?

From what some local dealers tell me, the "Big 5" on here (that sell around 10k under msrp) are cutting close to the bone. So I guess it's understandable they are not going to be tops in trade. But yes, 5k is a lot. But so is selling for 10k less.

Like I've said before, Granger offered me the best trade in value by far on the 20 PowerWagon I traded in on my 392 and they didn't list it for a whole lot more than they gave me for it in trade so I don't think that theory is correct at least with regards to Granger, maybe Koons is padding their profit on the back end, maybe not.

 

[Claasicdrive]

Like I've said before, Granger offered me the best trade in value by far on the 20 PowerWagon I traded in on my 392 and they didn't list it for a whole lot more than they gave me for it in trade so I don't think that theory is correct at least with regards to Granger, maybe Koons is padding their profit on the back end, maybe not.

you traded at the peak of the used car market valuation. Hence the reason i asked if you had a trade for the TRX. Was wondering what they offer now

 

[@JC]

you traded at the peak of the used car market valuation. Hence the reason i asked if you had a trade for the TRX. Was wondering what they offer now

Yeah I know and very glad I did even though I was without a truck (didn't think it would be for 6 months though )

 

[fletchnighthawk]

Glad to see this thread still going! Hope it has helped and continue to help new buyers an insight to ordering through Koons!