Letter from Mitsubishi...
Mar 25, 2008, 08:57 PM
#1
Letter from Mitsubishi...
Hey guys, I don't know if any of you guys have received a letter from Mitsubishi about an "Exclusive Trade-In Assistance Program Through 3/31/08 100% Reimbursement for Your Vehicle." This is for the Stohlman Mitsubishi located around Tysons Corner, Virginia. They are saying that they will reimburse you 100% for the MSRP of your car when it was new, as long as you buy a similar new model of that car you are getting reimbursed for.
So... If I go to the dealer with my 03 Evo, I could trade it in for the amount MSRP when it was New, towards a new Evo X. Does this make sense? Is it legit? Has anyone thought of doing this???
So... If I go to the dealer with my 03 Evo, I could trade it in for the amount MSRP when it was New, towards a new Evo X. Does this make sense? Is it legit? Has anyone thought of doing this???
Mar 25, 2008, 09:03 PM
#4
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does it say 100% reimbursement of MSRP of your car when it was new? Or just 100% reimbursement for your car?
If its the first, you've got it in writting, and they're a company either telling the truth or doing false advertising. If its the second, they gave themselves a handy little loophole of not saying what 100% of your car is worth.
If it is the first, jump the hell on it boy. That's like someone saying "I'll give you a quarter for your dime! All you have to do is take MY quarter"
Chances are there's fine print that excludes the Evo... Or the Evo X is not a "similar model" to the VIII or IX
If its the first, you've got it in writting, and they're a company either telling the truth or doing false advertising. If its the second, they gave themselves a handy little loophole of not saying what 100% of your car is worth.
If it is the first, jump the hell on it boy. That's like someone saying "I'll give you a quarter for your dime! All you have to do is take MY quarter"
Chances are there's fine print that excludes the Evo... Or the Evo X is not a "similar model" to the VIII or IX
Last edited by UT_Evo; Mar 25, 2008 at 09:06 PM.
Mar 25, 2008, 09:48 PM
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i actually got a letter from my the dealership i bought my car from a few days ago saying something similar to that. I ripped it up and threw it away.
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Mar 26, 2008, 06:25 AM
#13
Can you type or scan the letter - you'll get plenty of interpretations on here.
It is possible it is legit contingent on trade in feesm wear and tear penalties, etc...
Fujitsu did this with laptops a number of years ago in order to generate cash flow. They were willing to [really] sacrafice margin in order to achieve some quick cash and reduce inventory.
We'll likely see fire sales from some national real estate developers with a similar principal. Some actuary may have come up with a formula that they can lose 2mm instead of 4mm but have positive cash flow and keep their business.
It is possible it is legit contingent on trade in feesm wear and tear penalties, etc...
Fujitsu did this with laptops a number of years ago in order to generate cash flow. They were willing to [really] sacrafice margin in order to achieve some quick cash and reduce inventory.
We'll likely see fire sales from some national real estate developers with a similar principal. Some actuary may have come up with a formula that they can lose 2mm instead of 4mm but have positive cash flow and keep their business.
Mar 26, 2008, 07:36 AM
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I would say it is a sales tactic to get you into the dealership to buy a new car. I would also say if they are willing to give you 100% of the MSRP when the car was new they are more likely than not going to pump up the price of the car you are looking at buying.