theSTIguy

how does trading in a car work do they like drive the car and like deduct money for every door ding or scratch they see how does the value work?

Timmy_boy188

well they "like" dont really give you **** for your trade in and "like" make money off of your trade and what you buy so its "like" last resort kinda stuff.... "like"

lane myers

sell it privately, you already have 12k paid on it right?

why not make the extra money privately?

RVM

The reason it's "rock bottom" prices offered for trade is because the dealer usually has to put money into it, then the dealer needs to make money off of it. What the **** was the point in him buying it from you in the first place if he isn't going to make any money?

Your car is worth wholesale to a dealer. If he doesn't think he can sell it he will wholesale it, that means he'll make a small profit selling it to someone who thinks he can make something off of it. If the dealer wants to keep and sell it, he'll usually offer a bit more. But remember, a reputable dealer is going to do a full inspection on the car, tune the whole thing up if needed, fix any major dents/scratches, windshield, tires etc. Most of the used cars our dealership sells are trade ins, and almost every single one of them has at least $1,000.00 worth of work in them. The mark up is generally higher on a used vehicle than a new vehicle, but the cost of selling a used vehicle can be higher.

If you want to sell it yourself, go for it. It is what I recommend to my customers if they don't mind taking the time and hassle to do it. If you would rather just get it done and over with, trade it to the dealer and negotiate on the amount they are offering you. They'll probably offer you more, but most dealers will take the extra money they are offering you out of the mark up in the new car, so you won't be able to negotiate as much off the sticker. My advice is to negotiate the cost of the car first, before you ever tell them you want to trade, then, once you are settled on that price, get them to evaluate your trade in and negotiate that separately.

theSTIguy

do they inspect the outside of the car very carefully?

Timmy_boy188

They dont care about cratches and dings, there service depot can fix that very quickly, the main thing is if they can sell it quickly at there dealership, how popular the car is, low miles are a plus, and you will get the most money if you get your new car with them, I was offered 20,000 for my trade in and I have an 03 base with 22,000 miles on it which is really generous only because they now they can sell it quick and I was getting a G from them from my trade and extra money

Tim

The Brickyard Rat

iTrader: (1)

They will leave room to make a profit on the resale of your trade-in....as they should.

How much "room" is a matter of negociation. You will get more out of your car by selling privately if you want to take the time & grief.

davidv

iTrader: (2)

Whatever your trade-in is, it will not be in style, the dealer will have too many, and it will be the wrong color. The dealer will under value the trade-in by $1,000, then make a big deal about the car which you choose by giving you a $1,000 off. Its a no win game.

Act of God

trade-in works this way: You take down your pants, and then you bend over...

Kevin3

I traded my Z in last month. I got what I wanted out of it, with no reduction for the door dings. In all of my cases i've ended up just as good trading in a car as I would if I sold it privately. REMEMBER: You only pay taxes on the difference in value of your trade in and your new purchase. I was going to sell the Z for 21,500. As a trade in I got 20,000 HOWEVER I saved about $1,500 in taxes so it worked out the same in the end! Much easier to trade in than try to sell privately anyway.

danvain

Whoa partner...that only works in SOME states. It is certainly NOT the case in Cali.

dainbramage91

iTrader: (6)

Keep in mind... alot of people have a misconception about Kelly Blue Book. Most dealers that I know of use black book where as alot of consumers use KBB which ends up being a little high, therefore making things alot harder. I've seen alot of people want the KBB value for their trade... but balk at using the book value for the retail piece.

Like what was said before.... negotiate the price of the car first... then the trade.

... and make sure to focus on the price of the car and not payment. I can make alot of money off of you if all you care about is payment. Remember... if the price is right, the payment will fall into your budget granted you get the right intrest rate.

crazygideon

iTrader: (5)

dont forget to grab your ankles

Timmy_boy188

ill be trading in my z for an a4 here soon