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re: Buying a used vehicle and with trade in question

Posted on 12/19/14 at 9:38 am to
Posted by FelicianaTigerfan
Comanche County
Member since Aug 2009
26059 posts
Posted on 12/19/14 at 9:38 am to
My goal is to not finance more than 20k. One truck is listed at 28,9k. So I will walk away happy if I can get them down 1k and get 8k for my trade in or any variable of this. Im certain I will get low balled on my trade in and be offered 5-6k range so I plan to try and negotiate the new vehicle price to as low as possible. Ill be looking at 3 vehicle on 2 different lots withion 15 miles of each other. I hope to try and make this work in my favor. Ive been roped in before and sat on the lot of a dealership 8 hours while they gave me the runaround hoping ill cave. I plan to have my financing in order and copies of my dl to hand over.
Posted by lsujro
north of the wall
Member since Jul 2007
3926 posts
Posted on 12/19/14 at 9:47 am to
When I bought a car recently, the offers I was getting on a trade maxed out at $4k for a 2007 Camry. They told me it would be going to auction and they couldn't go any higher (multiple dealers said this). At that price, it was giving me about a $350 tax savings if I traded.

I sold the car in 2 days for $7600 cash with maybe an hour of time dedicated to the endeavor. Listed on Craigslist and Autotrader. I'm pretty sure I could have gotten $8k out of it, but I was ready to get it done. If you just like wasting money, more power to you. If the dealer offers what you think is a reasonable price for the trade, go for it. My experience tells me they won't come close, and the tax benefit will not be enough to cover the difference.
This post was edited on 12/19/14 at 9:49 am
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