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Car Buying Help - Used car pricing at dealership

Posted on 5/28/15 at 3:54 pm
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 3:54 pm
In the market for a 2014 vehicle with low miles. Is KBB or NADA (or something similar) a good guide for used car pricing from a dealer? Trying to get a reasonable baseline for negotiating off of the dealer asking price.

TIA
Posted by wildtigercat93
Member since Jul 2011
112338 posts
Posted on 5/28/15 at 3:55 pm to
Just take the sticker price, don't be a jackass about it
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 3:58 pm to
quote:

Just take the sticker price, don't be a jackass about it
If they posted a reasonable price as their asking price......I would. That's the problem.....they are 5K above any value i get from KBB and NADA.
Posted by LNCHBOX
70448
Member since Jun 2009
84124 posts
Posted on 5/28/15 at 3:58 pm to
What type of car?
Posted by OldNo.7
Fort Worth
Member since Sep 2012
1381 posts
Posted on 5/28/15 at 4:03 pm to
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 4:03 pm to
Infiniti Q50
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 4:04 pm to
I actually had just finished reading the entire thread from Will Cover. Mostly deals with new car purchases.

Thanks though.
Posted by LNCHBOX
70448
Member since Jun 2009
84124 posts
Posted on 5/28/15 at 4:05 pm to
How much are they asking?
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 4:09 pm to
It's what I'd call the base model (which actually comes with leather/sunroof/heated seats/etc.....no navigation or premium tires) with 10K miles.....a 2014. Asking 38K
Posted by Dan Bilzerian
..on my yacht or jet.
Member since Dec 2014
1864 posts
Posted on 5/28/15 at 4:11 pm to
quote:

I actually had just finished reading the entire thread from Will Cover. Mostly deals with new car purchases.


It works for all car purchases at dealerships.
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 5/28/15 at 4:20 pm to
What price are you looking at in these guides?

Retail? Private party? Trade?
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 4:24 pm to
retail, in excellent condition
Posted by LNCHBOX
70448
Member since Jun 2009
84124 posts
Posted on 5/28/15 at 4:25 pm to
quote:

It's what I'd call the base model (which actually comes with leather/sunroof/heated seats/etc.....no navigation or premium tires) with 10K miles.....a 2014. Asking 38K


Come to NOLA and buy thsi one
Posted by Breauxsif
Member since May 2012
22290 posts
Posted on 5/28/15 at 4:27 pm to
Go on truecar.com

Most likely the used car you're looking at was bought at auction for $5-10k under anything listed as the "asking price".
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 4:48 pm to
It's possible I may make a trip. Ask for?
Posted by failuretocommunicate
Lafayette
Member since Dec 2007
1065 posts
Posted on 5/28/15 at 4:49 pm to
It's possible I may make a trip. Ask for?
Posted by thejudge
Westlake, LA
Member since Sep 2009
14062 posts
Posted on 5/28/15 at 4:52 pm to
6-8k is a typical markup at that price point. You can generally shoot for 50% and close the deal quick.

18-22k 5-6k is usually the markup...

This was the deal as of about 1.5 years ago. May have changed a little bit

Edit: what you can do is price the car out at trade in value and see what come up as an idea of trade value...then take a few grand off that to get a figure around where the dealer put it.
This post was edited on 5/28/15 at 4:54 pm
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 5/28/15 at 4:53 pm to
LINK

LINK

Ask for Ryan Bridwell.
This post was edited on 5/28/15 at 4:55 pm
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