CA Smart451 price tag?

[lowndex]

I am wondering what CA buyers paid for their Smartfortwo Passion. I know the invoice is $14800. The destination charge varies from $350 - 650.00; depending on LA versus San Jose location (LA is cheaper). Then, there is tax (CA) and license (DMV) fees.

Capital One Finance is telling me the most they will finance for my Smartfortwo Passion $16337.20. This is a problem, as my San Jose dealer wants $17335.00 for the car (vehicle, destination, tax, license). I start out $1000.00 in the hole before options.

What are CA folks paying for their Smartfortwo (451) Passion?

[bottlerocket]

Hmmmm, I paid sticker, financed through Chase, and put $5k down

[Smartfor2guy]

Originally Posted by lowndex

I am wondering what CA buyers paid for their Smartfortwo Passion. I know the invoice is $14800. The destination charge varies from $350 - 650.00; depending on LA versus San Jose location (LA is cheaper). Then, there is tax (CA) and license (DMV) fees.

Capital One Finance is telling me the most they will finance for my Smartfortwo Passion $16337.20. This is a problem, as my San Jose dealer wants $17335.00 for the car (vehicle, destination, tax, license). I start out $1000.00 in the hole before options.

What are CA folks paying for their Smartfortwo (451) Passion?

Cant expect the finance companies to pay for your DMV fees, title registration, taxes and license

[lowndex]

Originally Posted by Smartfor2guy

Cant expect the finance companies to pay for your DMV fees, title registration, taxes and license

I do not expect the finance companies to pay said fees. It is interesting Capital Onn claims a 2008 Smartfortwo Passion should cost no more than $16337.00. No matter what the DMV fees, title registration, taxes and license total, Capital One claims the total cost of the vehicle (not options) should not exceed $16337.00. Capital One will not finance beyond $16337.00 (not a credit issue; a market value decision).

[lowndex]

Originally Posted by bottlerocket

Hmmmm, I paid sticker, financed through Chase, and put $5k down

$5000 from X is? Meaning, you oaid $5000 down against what total number?

[Eric H.]

Originally Posted by lowndex

I am wondering what CA buyers paid for their Smartfortwo Passion. I know the invoice is $14800. The destination charge varies from $350 - 650.00; depending on LA versus San Jose location (LA is cheaper). Then, there is tax (CA) and license (DMV) fees.

Capital One Finance is telling me the most they will finance for my Smartfortwo Passion $16337.20. This is a problem, as my San Jose dealer wants $17335.00 for the car (vehicle, destination, tax, license). I start out $1000.00 in the hole before options.

What are CA folks paying for their Smartfortwo (451) Passion?

Did you want them to make your payments and put it on the back end too lol.

[Eric H.]

Originally Posted by lowndex

I do not expect the finance companies to pay said fees. It is interesting Capital Onn claims a 2008 Smartfortwo Passion should cost no more than $16337.00. No matter what the DMV fees, title registration, taxes and license total, Capital One claims the total cost of the vehicle (not options) should not exceed $16337.00. Capital One will not finance beyond $16337.00 (not a credit issue; a market value decision).

Why is that surprising. Depends on what there underwriting guidelines are. Some companies only want to finance a certain % of the car perhaps based on whatever historical data they have. When I was looking at a Gallardo 2 years back many companies would never finance over $120K. Purchase price on this particular car was $212K. It's what the bank is willing to finance. The difference you down. It's there standard of risk and return in there investment portfolio. It's not a standard from bank to bank.

[Okie Boy]

Originally Posted by lowndex

I am wondering what CA buyers paid for their Smartfortwo Passion. I know the invoice is $14800. The destination charge varies from $350 - 650.00; depending on LA versus San Jose location (LA is cheaper). Then, there is tax (CA) and license (DMV) fees.

Capital One Finance is telling me the most they will finance for my Smartfortwo Passion $16337.20. This is a problem, as my San Jose dealer wants $17335.00 for the car (vehicle, destination, tax, license). I start out $1000.00 in the hole before options.

What are CA folks paying for their Smartfortwo (451) Passion?

I financed the complete cost of my passion plus the extended warranty, about $16,000, through smart center Tulsa at 5.5% for 48 months.

[KingNine]

My Passion= $15,565, out the door w/ p/s and heated seats 01/19/08, BH Smart Ctr.

[spdickey]

Originally Posted by lowndex

I am wondering what CA buyers paid for their Smartfortwo Passion. I know the invoice is $14800. The destination charge varies from $350 - 650.00; depending on LA versus San Jose location (LA is cheaper). Then, there is tax (CA) and license (DMV) fees.

Capital One Finance is telling me the most they will finance for my Smartfortwo Passion $16337.20. This is a problem, as my San Jose dealer wants $17335.00 for the car (vehicle, destination, tax, license). I start out $1000.00 in the hole before options.

What are CA folks paying for their Smartfortwo (451) Passion?

Destination charges are the same for all smarts delivered anywhere in the USA at about $650.