F55/F56 so much for resale
4th Gear
Joined: Dec 2011
Posts: 362
Likes: 0
From: NC
FWIW: My dealer used the following to give me trade-in value for my Toyota (I ended up selling privately). Following each source is the price from each that was highlighted on my copy:
"KBB.com" (Trade In: $9205)
"Black Book: Wholesale/Finance Advance (TM)/Retail" (Wholesale: $7200)
"NAAA: National/Regional" (National: $6288 / Regional: $7200)
"MMR: Wholesale/Retail" (Wholesale: $7325)
I think only dealers have access to NAAA. Given all that and whatever mumbo jumbo they go through, they offered me $8000.
"KBB.com" (Trade In: $9205)
"Black Book: Wholesale/Finance Advance (TM)/Retail" (Wholesale: $7200)
"NAAA: National/Regional" (National: $6288 / Regional: $7200)
"MMR: Wholesale/Retail" (Wholesale: $7325)
I think only dealers have access to NAAA. Given all that and whatever mumbo jumbo they go through, they offered me $8000.
4th Gear
Joined: Jun 2014
Posts: 395
Likes: 1
You could always go pay MSRP on something like a full size truck. I mean they normally sell those for $8-10k under sticker, so I'm sure they be willing to show that they're giving you like $33k on your trade!
To maximize the value of my trade, I convinced the EPA to hold delivery of the 2015 F56 cars while the dealership is freezing my trade value. The amount they're giving me is now a good bit over book pricing!
To maximize the value of my trade, I convinced the EPA to hold delivery of the 2015 F56 cars while the dealership is freezing my trade value. The amount they're giving me is now a good bit over book pricing!
2nd Gear
Joined: Aug 2014
Posts: 103
Likes: 0
From: Lehigh Valley, Pennsylvania, USA
So YOU ARE THE SOB WHO'S RESPONSIBLE FOR THIS MESS!! Dang. Time for the pitchforks and torches! Where did you say you lived?
2nd Gear
Joined: Sep 2014
Posts: 55
Likes: 0
So a dealer won't give a good trade value on a pristine car but will give a good deal on a car with issues? Somehow I find your logic flawed. I know many people in the car business, and I understand that it is a business. People get rooked every day at car dealerships and I included have traded in cars for a fraction of what they are worth. Let's be honest, the only reason trading in makes sense is if your in a rush and don't want to take the time yourself. Con artists was a strong word, but it isn't entirely inaccurate... There are some good dealers out ther, but that is in the minority. But to each their own, and if I offended you I sincerely apologize.
2nd Gear
Joined: Apr 2014
Posts: 60
Likes: 0
And I thought I was bad, this being my seventeenth new car, this century.
I always overpay myself.
Note: Don't let the finance department stick you with a loan from DCU.
The problem with leases are that you can't get a new car when you want to without lease breaking fees.
I always overpay myself.
Note: Don't let the finance department stick you with a loan from DCU.
The problem with leases are that you can't get a new car when you want to without lease breaking fees.
6th Gear
Joined: Sep 2013
Posts: 3,387
Likes: 14
From: Near Buffalo NY
For what it's worth, my girlfriends father buys a new Silverado every year, the dealer gives him whatever he had left on the loan. That seems like a fair deal, not sure what you owe at this point.
4th Gear
Joined: Jul 2014
Posts: 306
Likes: 4
From: Los Angeles CA
It's a bit of hassle but I always sell my old car privately and usually get a few THOUSANDS more than what dealers offer.
Unless my old car has somer serious/expensive problem, I NEVER trade in to a dealer when buying a new car.
Unless my old car has somer serious/expensive problem, I NEVER trade in to a dealer when buying a new car.
2nd Gear
Joined: Apr 2014
Posts: 94
Likes: 1
From: Eastern Massachusetts
I'm too lazy to do the private sale thing. I just traded my non-S Mini in for $20,500 (it only had HK, wired package, sport seat and 16" wheels) so I didn't think that was too bad.
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