I agree CarMax should give you more than the dealer.

Also, If you have Costco wholsesale mebership near you, if you are an executive member, you can get about 5.9% for 60 months.

Your dealer makes money if they arrange financing, so they should be able to shop around and get at least 5.9 if your credit is good.

 

God, I would never sell a car on my own--especially in Oklahoma. They have some of the strangest titling laws and the process is a pain in the butt.

Seriously, if it's only $1,000, you can easily make that up by waiting your salesman out until the end of the month--especially on a leftover '07.

Also, while I suggested going to Carmax to get a more accurate value of the worth of your truck, they may not necessarily give you more for it than the dealer. If they do, you can either sell it to them or take the offer to the dealer, get them to match it, and pocket the tax advantage while trading the vehicle at the same time you're buying the new one.

 

From your description it sounds like only the first day, hence their first offer. They always low ball their first offer no matter what they say.

 

Thanks to all of you for your quick responses. I agree that 1,000 dollars isn't a huge sticking point but the interest rate is. The offered deal would raise my present payment 164 dollars. My savings in gas would go toward a payment. That wouldn't be very responsible financially. If 0% interest were to come around within the next couple of months I will go shopping again.
As for private selling we were burned by that in our first attempt and vowed to never again sell a vehicle on our own. After being totally honest about an oil leak the buyer promptly threatened to sue us in small claims court unless we paid them hundreds of dollars for repairs. No private deals for us.
For now I will keep an eye out for 0% or I may be adding some 20s to my Chevy truck.

 

I wouldn't count on that. The HHR is so much fun to drive, my gas expenses have gone up simply because I am driving it so much

Worst part about it is I am allowed 20,000 kms a year in mileage. I've had the HHR for just under 10 months and I already have 22,000 kms on it Can you say lease buyout?

Back on topic, GM Canada is already offering 0% financing, so I would think that GM in the US won't be far behind, especially when they really want to clear the 07s off the lots.