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Old 05-18-2017, 07:21 AM   #39
ZXCamaro
Banned
 
Drives: Camaro
Join Date: Feb 2017
Location: NW IL
Posts: 114
Quote:
Originally Posted by Tucsonas View Post
Just wondering what they offered that value on? What car were you buying from them? Trade offers in and of themselves are useless unless you know the other side of the equation, they could give you 52K on a car if you are paying WAYYY to much for the car you are buying... guarantee no matter how they structure the deal they all are paying the EXACT same for a trade (any regional difference will be no more then 2-4 K.) The dealers simply do NOT lose money in ANY deal... no matter what the paperwork tells you....When I worked selling cars I saw some amazing over allowences (just to make the customer happy)

Which deal is better......

8K in trade for a car selling for 25K?

10K in trade for a car selling for 27K?

You'd be surprised how many people will swear that 10K in trade is ALOT better when in reality the deal is EXACTLY the same thing. Buying/Selling cars is about working the best deal for the customer, while maintaining profit for the dealer.

When buying a car, it is usually best to work a deal as if there was no trade in, then bring the trade into the picture, that will give you a true idea of what the actual trade is worth, you would be surprised how many people get wrapped around the axel about trade value, I've seen people pay way too much for a new car just because they wanted X amount of dollars for their trade, at the end of the day weather it is on paper or not the dealer will ALWAYS be at least $1k under trade in value weather it be NADA, KBB or Manheim. If they are not then they are selling the customer a way overpriced car... There are VERY few exceptions but those are generally collector cars, or they have a specific customer who had purchased many cars that wants a specific car in a specific configuration, but even then they rarely "pay" more the trade in value, the money is either made on the trade, or the sale......
I was looking at buying a 2017 Charger Daytona 392. Selling price on a $51k sticker was $44k. Thats not including anything. Just straight up. Cash difference would be $2k and almost nothing in taxes. But again I have to get the car 2000 miles to them with no more mileage on it. That's putting me back in the hole $2k more. So its still a possibility plus I would fly there to drive the new car back so theres the cost of a one way ticket and at least one hotel night.
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