Is the price fair for a 2023 SX-Prestige X-Line? Ford dealer's deal

I’m planning to use a credit union and put down 4000 unless they can offer a better rate.

10.54% interest rate for a used car? That’s pretty high

Sophia said:
10.54% interest rate for a used car? That’s pretty high

I’ll be using a credit union. Their current rates are 6.99.

NANCY said:

Sophia said:
10.54% interest rate for a used car? That’s pretty high

I’ll be using a credit union. Their current rates are 6.99.

I was referring to the dealer rate from the offer

Just so you know, the 10y/100k warranty only applies if you buy it certified pre-owned from a Kia dealer.

arletetorres said:
Just so you know, the 10y/100k warranty only applies if you buy it certified pre-owned from a Kia dealer.

Thanks for that info. I missed that point. It’s very helpful.

@NANCY
Better to get it from a Kia dealer then

arletetorres said:
Just so you know, the 10y/100k warranty only applies if you buy it certified pre-owned from a Kia dealer.

I didn’t know that. Thanks for the info .

Maybe I should’ve mentioned this earlier… Is the out-the-door price a good deal? I’m looking into financing separately.

NANCY said:
Maybe I should’ve mentioned this earlier… Is the out-the-door price a good deal? I’m looking into financing separately.

No. The asking price is about $10K more than its value in your area. Even if it’s in great condition, that’s too high. Also, the previous owners put almost 45K miles on it in two years.

Source: https://www.edmunds.com/kia/telluride/2023/appraisal-value/?vin=5XYP5DGCXPG329364&styleIds=401960788,401960797,401960798,401960799,401960800,401960801

@Evans
That’s not a $28K car. I checked Edmunds and it says the value is $33K, but that’s the price dealers pay, not sell it for. $38K seems like a fair price for it though.

@Evans
Looks like someone doesn’t know what they’re talking about.

Are you serious? $38K for a 23 Prestige X-Line? That’s a good deal. I bought mine last December for $45K with 23K miles. It was in perfect condition, but still.

No. Too many miles. For an extra $10K you could get a brand new one with a lower interest rate.

If you’re going with credit union financing, see if they offer their own in-house extended warranty to save money.

I love my Telluride, but I can’t understand paying that much for a used car with that many miles and such a high finance amount. It’s like a gamble with your finances. It’s probably fine, but what if it goes wrong? I can handle a loss, but I still wouldn’t go for it. Good luck if you do though.

I’d say it’s decent, not amazing.

This deal looks great to me. It hurts that we bought a 2020 SX right before the 23 came out for about the same price.

This is a good deal. If you can get your interest rate below 6%, it would be even better.

If you can get them to lower the price by $2-3K, it would be a solid deal. Otherwise, it’s overpriced for the miles.