Trade-in Advice Wanted
12-06-2004, 06:16 PM
#1
New Member
Thread Starter
Join Date: Aug 2000
Posts: 120
Likes: 0
Received 0 Likes
on
0 Posts
Trade-in Advice Wanted
For me, the hardest part of buying a new vehicle is trading in the old one. The dealer always lowballs and claims that the Edmunds or KBB reports that I bring are inaccurate. Aside from holding a gun to their head and demanding trade-in value from my printouts, do you have advice on negotiating a fair price? Or do you agree that the trade-in values from Edmunds and KBB are inflated?
12-06-2004, 06:55 PM
#3
New Member
Thread Starter
Join Date: Aug 2000
Posts: 120
Likes: 0
Received 0 Likes
on
0 Posts
If I decide to sell it myself but can't, will a used car dealer give me just as much money for it as
If I decide to sell it myself but can't, will a used car dealer give me just as much money for it as they would've on trade?
12-06-2004, 06:59 PM
#4
Junior Member
Join Date: May 2004
Posts: 1,495
Likes: 0
Received 0 Likes
on
0 Posts
Give me a description and I'll give you a current auction average.
Thats all a dealer will be willing to pay. The broad range in the book makes them pretty much useless. You want to know what dealers are actually paying for cars like yours.
12-06-2004, 07:50 PM
#6
New Member
Join Date: Nov 2003
Posts: 343
Likes: 0
Received 0 Likes
on
0 Posts
Trade-in is irrelevant. It is the DEAL - don't lose sight of the forest because of trees
Negotiate the best deal possible, leaving incentives out of it until the end. Too many people focus on the trade-in value or the new car price, but they are both irrelevent if the other is askew. I do agree with other posters - try to sell outright if you can. As long as you are not losing money (considering the sales tax potential benefits) it just puts you in a great posotion. This all said, there is a GIGANTIC Glut of used cars and other than a very rare / unique car (think classic mustang - not a Modded A6 hehehe) the market is very poor. Good luck.
12-06-2004, 08:18 PM
#7
New Member
Join Date: Oct 2004
Posts: 6
Likes: 0
Received 0 Likes
on
0 Posts
Straight from the car salesmans mouth
The KBB trade-in is not inflated and is very accurate. If you insist on this price and the car is the quality you say it is you will get this price eventually. The thing is we get 20 percent of what we get your car at under trade-in and 20 percent on the profit of your new car. They will turn around and price your car 5-10% over retail KBB and negotiate it around retail.
