Hi Everyone,

I am a newbie here, so I hope I have found the right forum for this post.

My wife has lusted after a Volvo wagon for years. Since my 92 Maxima is about to shoot craps, I started looking for a newer used car. The Volvo dealer in town has a 2004 V70 for sale. We currently are test driving it for a few days. It is FWD and has the 2.5T motor. It has 63,000 miles on it. The dealer sold it new and has taken it in as a trade-in. I have a carfax report and the dealer is getting service records for me. I am no export, but it looks great, runs well and seems to have been well maintained.

I am new to Volvos, however my wife has already put me on notice that if this car is not in our garage, I will be. So, I have no option but to buy this and want to get the best deal I can, hence my post.

The asking price is $14,950. I know this less than the retail value that Kelly lists for it by about $500. However, as everyone knows these are bad times for auto dealers. The dealer has had this car for almost three months. While I don't know what it was originally listed for when first taken in trade, I have to believe he should be willing to deal. I am thinking of offering $12,500 plus the Maxima. What are your thoughts?

Also, I am one that tries to minimize risk. While I know that extended warranties are viewed by many as a ripoff, I like to have some insurance against a big repair bill. Can you suggest any warranty companies and tell me what I need to make sure is covered? Wherever I get the warranty I would like to have repairs done at the dealer. The dealer has a good reputation in this town.

If there are other issues you think I should be considering, or if you need more information, please let me know.

Thank you in advance. I really appreciate this.

 

I moved this to the V70 forum for you. You had it in the Forum issues area where it would have never been seen.

As far as you question: Why would you try and get a better deal on a car and then turn around and waste your money on an extended warranty?

If buying from a private owner you may get it for around $12k, but from a dealer you will pay more. No harm at starting at $12,500 and see where it takes you.

I would not even talk about trading in the Maxima though. When you put that in the picture they will totally screw you over making it sound like they are giving you more than they actually are. Never talk trade in until you know exactly what they will sell the car to you for with NO TRADE IN. Then when you get that price ask what they will give you for the Maxima.

Sell the Maxima on Craigslist for $1,000 and bet you are better off than trading it in.

 

Thanks Jim,

I hope to be a proud owner of this Volvo on Saturday. Can you or any other members give me some advice or point to a source that can me information about the reliability, quirks, etc of the 2004 V70?

Thanks again.

Tom J