Paying 3-5% over invoice and value of trade-in on A4?
02-24-2002, 11:03 AM
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Paying 3-5% over invoice and value of trade-in on A4?
Just curious, a lot of you consider it to be a good deal when you pay up to 5% over invoice
but I was wondering 2 things: are you trading in your current car and are you getting fair market value? Let's face it, paying 2% over invoice and then being offered 5 grand less than what your current car is worth is not such a great deal.
In other words, are you being offered anything close to the values stated by kelley or edmunds?
Thanks for any input.
but I was wondering 2 things: are you trading in your current car and are you getting fair market value? Let's face it, paying 2% over invoice and then being offered 5 grand less than what your current car is worth is not such a great deal.
In other words, are you being offered anything close to the values stated by kelley or edmunds?
Thanks for any input.
02-24-2002, 11:14 AM
#2
AudiWorld Super User
Your are correct the trade price is usually low-balled.....
You will "normally" never be offer 2-3% over invoice and be given the Edmunds, Kelly or NADA trade in price...it's usually a few thousand less. The dealer actually makes more money selling your Audi trade than on the new A4. Some other new car buyers may have done better in final cost but it's rare. Sell the car privately if you can. I'm trading my perfect '97 in as no buyers locally and I have the '02 on order and need the present car for work. So I'm taking a hit on the trade.
02-24-2002, 11:35 AM
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interesting...dealer might go back on 2% over invoice if you trick them but...
I wanna' try that method...but don't the dealers work on the trade-in first and the deal would only go through if you trade-in...meaning if you decide to tell them no trade-in at the end...they might just say, no deal...
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02-24-2002, 01:16 PM
#8
AudiWorld Super User
Maybe where you deal...but not around here...they ask if there's a trade first thing!
If yeas or no...different deal! It's all part of the game. Now you could go to one dealer and get a no trade price and then with trade at another dealer to compare the true deal price.
02-24-2002, 04:52 PM
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Just been through this ...
Yesterday I traded my 2001 A4 1.8T FWD for a 2002 1.8T quattro. After a lot of dealing I got the car for 5% over invoice before factoring in the 400 loyalty deal (so really about 4% over). They gave me 21,000 for my trade.
I don't know why edmunds and kbb are so far apart, but kbb said my car was worth 22,500 on a trade in, and edmunds said it was worth about 18,000. What I was told was that the value is based on current wholesale auction prices for the same car.
I saw the auction reports and they indicated that my car was worth about 19k. I think I got a pretty good deal, but it took a lot of work. In the end they were probably just happy to get rid of me.
What I found out is that, you need to find a car that is on the lot, or on the way (like mine) to have any shot at a good deal. At least this was my experience.
New car should be here this weekend. It's a black/beige 1.8T quattro, sport, premium, sunroof, xenon. Man, I can't wait. No more quattro envy!
One lesson I learned in all of this: don't buy a fwd car, you will just end up wishing you bought quattro, expecially when you find out you're being transfered to Colorado!
I don't know why edmunds and kbb are so far apart, but kbb said my car was worth 22,500 on a trade in, and edmunds said it was worth about 18,000. What I was told was that the value is based on current wholesale auction prices for the same car.
I saw the auction reports and they indicated that my car was worth about 19k. I think I got a pretty good deal, but it took a lot of work. In the end they were probably just happy to get rid of me.
What I found out is that, you need to find a car that is on the lot, or on the way (like mine) to have any shot at a good deal. At least this was my experience.
New car should be here this weekend. It's a black/beige 1.8T quattro, sport, premium, sunroof, xenon. Man, I can't wait. No more quattro envy!
One lesson I learned in all of this: don't buy a fwd car, you will just end up wishing you bought quattro, expecially when you find out you're being transfered to Colorado!