what do car dealerships consider a good/bad trade in?
2007-01-19 04:51:49 · 9 answers · asked by 920135 2 in Cars & Transportation ➔ Buying & Selling
Its like this. First, im assuming that you have an average car. I mean a used enzo is going to resell for more then the owner paid for it.
The dealerships are going to love you. If you bought your car less then 6 months ago, they wont even think twice about taking that car for a trade in.
you buy a car that costs $22,000. (for the sake of the argument, were going to say that you have amazing credit, and you didnt have to have a down payment) they make $3000 from you. In 6 months that car is worth $15,000. Now they arent going to pay you the blue book value, theyre gonna pay you between $11,000-$13,000 for that car. so in 6 months they made $13,000 from you.
You didnt even get the value from your car.
If you want to buy a new car all the time, lease it. At least you wont be getting screwed as much as buying a new car every year.
2007-01-19 05:08:02 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Every car is different. Here are some examples. Buy say a 2008 Hyundai, drive it off the lot for say $18k. 1 minute after you drive it off, its worth $15k. 1 year later, its work 8k. 2 years later, its worth 5k. 2 years, few miles and this car is considered junk to resell. Buy say (when you could) a new 2003 Blazer for say 28k. Once driven off the lot, its worth 25.5k. After one year its worth 19.5k, after 2 years, 16k. Even if this truck has 150,000 miles, is rusting, torn up. It will still pull $3k minimum due to being a truck. Now that was more or less high and low end. Every vehicle depreciates different off the lot, by miles, by age, by options, by damage, etc. Then that even gets altered by the areas of the USA. It really depends on the vehicle, package, miles, etc. I myself would buy a 110k mile Honda Accord used for say $5k LONNNNNG before I bought a Hyundai Elantra with 42k for the same $5k. You can tell me make, model, etc and I'll give my opinion. I work around used cars daily, servicing used car dealers.
2016-03-29 04:50:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
In Detriot a good trade-in at any dealership would be a 1992 Acura Legend. Those people kill for those 'whips'.
My Step-dad used to drive a Mazda pick-up. I always put my feet up on the dashboard and the mud would make a mess. This one time the mud made a picture of a unicorn. I requested that they never clean it, it was so beautiful. They did, and they died shortly afterwards.
2007-01-19 05:03:24 · answer #3 · answered by walter gee. 1 · 0⤊ 1⤋
more details needed. Did you just buy a 2007 car. or is it one youve had for two years. Millage has alot to do with the value of your car also. As long as you car isnt brand new you should have no problem selling it and getting a faily good deal on it. If it is brand new you wont get a good deal b/c t he car depriciates about five to seven thousand dolars right when you drive it off the lot.
2007-01-19 04:56:18 · answer #4 · answered by C White 2 · 0⤊ 1⤋
You must be a college person too. Your payments will just go higher and higher.You will be eating popcorn just to make car payments.
2007-01-19 05:03:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You can trae it in the same day you buy it, the only thing is that once you sign your name to the bottom of that contract the car depreciates in value!
2007-01-19 04:55:22 · answer #6 · answered by Jon C 6 · 0⤊ 1⤋
I thought it was as soon as you get the title.
2007-01-19 05:00:22 · answer #7 · answered by TexasRose 6 · 0⤊ 1⤋
You can do it the same day
2007-01-19 04:55:14 · answer #8 · answered by Jack 6 · 0⤊ 1⤋
It's your prerogative. Tomorrow if you wish..!!...........Did I spell prerogative right????
2007-01-19 04:59:30 · answer #9 · answered by buzzwaltz 4 · 0⤊ 1⤋