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Message
re: At local Honda dealership this morning
Posted on 1/13/24 at 12:37 pm to lsufan1971
Posted on 1/13/24 at 12:37 pm to lsufan1971
A trade in should have no bearing on the negotiated price.
Fools and their money.
Fools and their money.
7
Posted on 1/13/24 at 2:02 pm to thefodgather
quote:
A trade in should have no bearing on the negotiated price.
Nothing in the story insinuated that it did.
Posted on 1/13/24 at 2:12 pm to thefodgather
quote:
A trade in should have no bearing on the negotiated price.
It has a bearing on the financed amount when you have to factor in enough to payoff the trade-in.
Posted on 1/13/24 at 3:57 pm to thefodgather
quote:
A trade in should have no bearing on the negotiated price.
It doesn't if it's either paid off or you have equity at the time of trade. When you owe 2,3 or 5 thousand bucks, that has to be added into the amount financed unless you think the dealer should just swallow the negative equity.
Posted on 1/13/24 at 6:02 pm to thefodgather
A trade in doesn’t affect sales price but it does loan amount if he has to roll over that amount into new loan.
Posted on 1/14/24 at 9:44 am to thefodgather
Not affect the negotiated price, true. But it would absolutely affect the monthly hit if he was totally upside down on his trade in
Posted on 1/14/24 at 4:28 pm to thefodgather
quote:
A trade in should have no bearing on the negotiated price.
That's correct, but it has everything to do with the monthly payment if you're upside down on the loan. The original loan still has to be paid.
People who are bought 10-20k over are stuck and will be stuck for a while.
Posted on 1/15/24 at 8:58 am to thefodgather
quote:
A trade in should have no bearing on the negotiated price.
I get so pissed when the dealers try to do this.
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