Trading in my 2000 Grand Am, Dealer giving me $1500, Kelly Blue Book says $3700, should he give me more?

Question

I'm trading in my 2000 Ponitac Grand Am, the dealer wants to give me $1500, but Kelly Blue Book says it's wortg $3700. Should he give me more? There's next to nothing wrong with the car, even in poor condition it would be worth more than $1500.

Answer 1

For trade-ins, you can expect to get $500-$700 less than you would if you were selling it outright. $1500 doesn't seem like a lot at all. I would discuss it with them to see if they will up the trade-in value... if they aren't willing to work with you, then try selling it yourself.

Also, if it is in poor condition or with abnormally high mileage, $1500 might be about right.

Use the NADA guide below, too. It is pretty specific and tells you what you can expect from trade-in or for selling yourself. Good luck!

Answer 2

is the Dealership phycologicaly getting you to buy what they want you to buy not what you want. Bargan with them to even bring the price of your vehicle to a $3000 dollar trade in, if they refuse ask them how much money they are making on the vehicle they are selling you if all they pay for a $3700 vehicle is $1500. Tell them you will leave it to them to think about it, and when they are ready to bargain to give you a call. In any event your vehicle is 6 years old it can hold a few more months untill you find what you want and you get a decent value for your vehicle. From experience I can tell you that dealership will turn around and sell your $1500 dollar vehicle for $5000 so dont get suckered into anything.

Answer 3

Assuming that it's in good shape, standard options, and that it has reasonable mileage on it (about 75,000 or so) then they should be offering around $3000, give or take depending on your area.

Tell them what you want as a trade in, if they won't give it to you then go somewhere else.

The other thing to consider is that if they are giving you a phenomenal deal on the car you are looking at, then this is why...because they are willing to move the new car at a great price in hoped of getting yours cheap and making their money back on that.
If the new car price is high and they won't give you a fair trade, find another dealer.

Answer 4

Book value is meaningless in actual sale. Your vehicle is worth exactly what a buyer will give at a specific time. Go to the open auto auctions held by insurance companies and auto dealers for tradeins and odd stock, compare the prices actually paid by the trade for the actual vehicle at the time. A tadein extimated by the dealer at time of sale foe new car at $2000.00 dollars is on action block next weekend for anybody to buy- dealer or whoever at 'open' auction, sometimes trade only- and winning bid is $1200.00 drive away with the paperwork to be processed by purchaser. .

Answer 5

Is that the KBB trade in value or the insurance replacement value? If that's the trade in value, print out the page from KBb and present it to the dealer. If they won't give you the true value go to another dealer. Dealers always try to rip you off on the trade in.

Answer 6

I agree bro ask for more especially if your trading cars. If your just selling it to him maybe you should try and sell it on a corner or something you will yeild better results then 15 hundred

Answer 7

Grand Ams have not gotten very good consumer test ratings from 95-2005 that could have a lot to do with it.
they have a lot of mechanical problems.

Answer 8

i would sell the the car my self you probably can make $3500 to $4250 for doing that. try to get some of it fixed and if anybody is going to buy your car try to provide proof that you have maintained it

Answer 9

Sell the car privately you'll get more money

Answer 10

heck yes! They always make money in the long run. Get what is rightfully yours!