do dealers ever take a car of higher value...?

Question

for a less expensive car & pay the difference? I am guessing they probably don't but here's the thing. I have a clear title '02 honda that kbb says trade in value is 10,800. We are so beyond strapped for $ it's not funny & I really only use it around town so I'm thinking of selling the honda & getting an "around town" type older car for around 3 or 4K. The thought of selling it myself makes me nervous, I wish I could just take it somewhere & trade it for a cheaper car & get the diff. Would they laugh in my face if I asked this? I'd rather get laughed at online than at a car dealers ;-)

oh! I had not thought of eBay! I sell stuff on there all the time & that is not nearly as scary as otherwise. I worry about weirdos coming to my house to look at it etc.
I just looked up the private party $ on kbb.com & it's like 2K higher than trade in. As much as we need the $ I better just get up my nerve, get that car spotless & get to work at selling it. Thanks for the answers :0)

Answer 1

Your best bet is selling your car yourself, and then go to the dealer and buy the car with the money you got for selling your car. Private sellers (which is you) get more money then trading it in to a dealership, becasue of the cost of overhead and all.

Answer 2

eBay is probably the way to go. I just sold a car and got the reserve price that I was looking for, which was almost twice as much as the trade-in value.

Here's some tips....

Check how much similar cars have sold for on ebay. To do this, go to search and click "Completed auctions."

Pay extra for "Featured listing." It's well worth the $19 or so. I am positive that this helped me get the price I wanted.

Pay extra for professional listing, such as CarAD. Not only is your listing better presented, you can add up to 35 pictures with ease.

After you get the cash, you can then go shopping for a cheaper car.

Answer 3

i own a repair shop,and here's the deal,they,ll only pay trade in value for it,,because they can go to an auto auction and get one for way less than what kbb is,, this is only used as a guide to go by it don't actually mean all the cars they list on kbb book prices are worth that much,and they sure wont buy one strait out for kbb price,and on a trade i doubt they would do an even trade for an equal car either,dealers are smart when it comes to buying and selling a car.but you could try,but you wouldn't be happy with what the offered you for it,god luck if you do decide to do this,i hope this help,s.

Answer 4

to respond to your query, sure sellers can and do take commerce ins that are nicely worth extra beneficial than the automobile bought, and specially circumstances they write a verify to the customer. think of of the commerce in as a sequence value say 12 grand as an occasion. the automobile being bought which is composed of tax, call and license is 11 grand. The overpayment being one thousand money could be paid to the customer...does not take place each and all of the time, yet while the broker likes the deal it may take place. this is the terrific thank you to attitude the deal.call a number of new motor vehicle dealerships and ask to talk with the used motor vehicle supervisor. tell them approximately your Saturn and ask them for a purchase bid. A purchase bid is a sturdy value they could pay on your motor vehicle in case you sell it. some sellers will try this and a few won't, yet artwork the telephone besides. Get a pair of purchase bids, you're able to be able to ought to enable the government check out andchronic the automobile. Now, armed with a real international value on your motor vehicle and a keen client, bypass to the dealership andchronic the Charger, if it tests out and you choose it you need to negotiate the terrific value. on the final minute you throw the commerce in at them. this could upset them, yet while they want a sale they gets over it and artwork the numbers. the rationalization you opt to barter the value on their motor vehicle first is the undeniable fact that they are going to be in a vulnerable place on what they're merchandising. they are going to be admitting that their motor vehicle is only nicely worth what you good deal them all the way down to. Then while they seem at your motor vehicle there is not any room to play with the numbers. The purchase bid and negotiating the sale value in this form supply you the better hand to appreciate what a competent deal is. If the commerce in allowance is plenty off, tell the broker you have 2 purchase bids and you're able to be able to hand them a draft for the commerce in in the quantity they agreed to. this could upset the merchandising broker, yet while they want a motor vehicle deal they are going to ought to play ball by way of your regulations. This set of approaches takes each and all of the flexibility far off from the broker and places you squarely on top of problems with the negotiations. continually deal from a place of power. stable luck

Answer 5

Sell it on Ebay. Its really simple and it works wonders. You would get the best possible deal with selling it yourself as opposed to a dealership. If you go thru a dealership, they won't give you that much for your car, they might give you $7,000 or something, they would mark it up to resell it for $11,000 so they can make a profit on it. I suggest selling it on ebay, or placing a local add and trying to sell it that way, then take the cash and go negotiate with a dealership, or check out the papers and see what you like.

Answer 6

Yes they do. Not all that often, but it certainly does happen.

I sold cars many years ago. My first week on the job, a woman came into the Buick dealership I was working at with a nearly new Jensen Interceptor -- a gift from her ex-boyfriend. She traded it for a used Olds Cutlass and a check for over $10,000. Even at that, I had my largest gross profit deal of my career and made over $2,000.00 commission on that sale alone.

She never did say why she broke up with her ex. But we did have fun "christening" the Jensen when she picked up the Olds. :)

Answer 7

Yes,it's not that uncommon. I do it at least a couple of times a year. I just have to cut back a check to the customer for the difference.

Answer 8

I don't know of a single one...
best to sell that car outright---
dealers give far less than you can get for straight sale....