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re: Buying a used vehicle and with trade in question
Posted on 12/19/14 at 9:47 am to FelicianaTigerfan
Posted on 12/19/14 at 9:47 am to FelicianaTigerfan
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.
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
Posted on 12/19/14 at 10:05 am to lsujro
quote:
sat on the lot of a dealership 8 hours while they gave me the runaround hoping ill cave
I have never understood this. Nor...Do I have the time for that. I guess Im a rare exception in this industry.
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