I'm interested in getting a different car because the car I have now doesn't suit my needs. The thing is, one of the cars I'm looking at at a dealership costs about a thousand less than the trade-in value of my car. Is my only other option selling it private party to not lose a lot of money?
2007-06-29 05:02:08 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Is the trade-in value you're speaking an amount you've actually been offered by the dealer, or are you basing that off Kelley Blue Book or something similar? Because KBB values are notoriously inflated (expect them to offer at least 20% less than KBB).
If the dealer is truly offering you more for your trade-in than the car you're buying is worth, then yes, they should offer to cut you a check for the difference. Though they'll probably try to offer something other than cash (as someone else mentioned, free oil changes or other maintenance), since they can offer you $1000 worth of services that, to them, will cost considerably less.
2007-06-29 06:32:50 · answer #1 · answered by nevergonnaletyoudown 4 · 0⤊ 0⤋
If you sell the car to a private party you will probably get more than you will at the dealer. However, it takes about 3 months on average to sell the car yourself. The other thing to consider is your sales tax advantage. Check with your local DMV and find out what the time frame would be to get a tax credit when you sell a vehicle yourself because if you truelly have a negative trade, then you will have no tax due because you should only pay taxes on your trading difference.
2007-06-29 05:17:43 · answer #2 · answered by Oblivious 3 · 1⤊ 0⤋
Yes. The trade in value will probably be even lower than you are expecting. The dealership will not give you the money it's worth.
If you have the time you should def sell it privately.
2007-06-29 05:11:09 · answer #3 · answered by Jess 3 · 0⤊ 0⤋
What they will probably do is a "gimmick". Yes, they can give you the difference in a check. that's what "rebates" are. The other thing they might do is offer u something like "free oil changes for X amount of time". I'd see what they would do. They'll do something if you ask. But you have to be firm. Know what you want, not what they might offer.
2007-06-29 05:13:56 · answer #4 · answered by Mr. Cellophane 6 · 0⤊ 2⤋
you trade in the car and get a 1000 dollar rebate back + that car you want
2007-06-29 05:23:53 · answer #5 · answered by wade c 3 · 0⤊ 0⤋
No, they should be able to sell you a car and write you a check for whatever you negotiate.
2007-06-29 05:11:15 · answer #6 · answered by Mike M 3 · 0⤊ 0⤋