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re: Beat the Dealer: Interesting Infographic on How to Beat Car Dealerships

Posted on 10/29/14 at 8:21 pm to
Posted by Double Oh
Louisiana
Member since Sep 2008
18030 posts
Posted on 10/29/14 at 8:21 pm to
every car dealership i pass has over 200 vehicles in the lot waiting to be sold. To me the market is flooded with new and used vehicles. Am i wrong?
Posted by lynxcat
Member since Jan 2008
24190 posts
Posted on 10/30/14 at 1:12 pm to
No dice last night - I walked. Wouldn't budge on pricing and the trade in value wasn't what I needed.

I'm getting offered $1300 less than the KBB dealer trade value...not sure what's up there.

Going to the other dealership today...
Posted by Linkovich
crater lake
Member since Feb 2007
9541 posts
Posted on 10/30/14 at 1:18 pm to
Any chance you are a USAA member? Not to long ago they were doing a 5000 off the top promo?
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 10/30/14 at 1:54 pm to
+1 on the USAA...auto loan rates are 1.79% and can go even lower. With good credit, you can apply online and get a near-immediate response. Also, through the USAA car buying program, certain models have a big discount....but the program also offers a prenegotiated price on most models. If you do your homework and know what the dealer has & the prevailing prices in your area, it can be a very painless way to buy a car.
Posted by yellowfin
Coastal Bar
Member since May 2006
97719 posts
Posted on 10/30/14 at 1:59 pm to
quote:

I'm getting offered $1300 less than the KBB dealer trade value...not sure what's up there.



dealers don't use KBB

if it's an older vehicle they have a system that tells them what comps are going for at the auctions which is all they'll do with your trade
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2141 posts
Posted on 10/30/14 at 7:53 pm to
KBB doesn't purchase vehicles, NADA doesn't purchase vehicles, Edmund's doesn't purchase vehicles. Loan value plays a very important role in trade appraisals these days and like yellowfin said auction reports are hands on tools. NO one gives a shite what the three above think about trade values these days.
Posted by Duck
Member since Dec 2006
361 posts
Posted on 10/30/14 at 9:58 pm to
Get a carmax bid on your trade in & use it for comparison.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3809 posts
Posted on 10/30/14 at 10:35 pm to
quote:


KBB doesn't purchase vehicles, NADA doesn't purchase vehicles, Edmund's doesn't purchase vehicles. Loan value plays a very important role in trade appraisals these days and like yellowfin said auction reports are hands on tools. NO one gives a shite what the three above think about trade values these days.



Do potential buyers use these tools to purchase new and used cars? Yes.

The auto market is like any other, it's consumer driven. The value is only what someone is willing to pay for it. I agree if it's much older, auction prices tend to govern, but otherwise all those places are a good tool. Obviously don't expect too dollar, but something comparable.

Every car I've recently sold or traded, has been within Private Party and Dealer Trade ranges from all these tools. Like I mentioned earlier, the dealer is trying to get theirs where they can. If you want to hassle with selling yourself, go for it. The dealer uses this to their advantage to flip the table on you.
Posted by lynxcat
Member since Jan 2008
24190 posts
Posted on 10/31/14 at 1:07 pm to
In the process of finalizing the paperwork

Got another $500 for the trade-in and I think got a bare bones price for the vehicle. Happy day
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