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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 tirebiter
Posted on 10/29/14 at 8:21 pm to tirebiter
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 on 10/30/14 at 1:12 pm to Double Oh
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...
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 on 10/30/14 at 1:18 pm to lynxcat
Any chance you are a USAA member? Not to long ago they were doing a 5000 off the top promo?
Posted on 10/30/14 at 1:54 pm to Linkovich
+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 on 10/30/14 at 1:59 pm to lynxcat
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 on 10/30/14 at 7:53 pm to yellowfin
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 on 10/30/14 at 9:58 pm to lynxcat
Get a carmax bid on your trade in & use it for comparison.
Posted on 10/30/14 at 10:35 pm to basiletiger
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 on 10/31/14 at 1:07 pm to LSUtigerME
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
Got another $500 for the trade-in and I think got a bare bones price for the vehicle. Happy day
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