I'm looking to trade-in my car, but every place I go to wants to give me the wholesale value for it, which is like $3,000 less. I'm upside down on the loan about about $3-4k, so I'm trying to mitigate my loss. Does anyone have any suggestions (aside from selling it on my own)? This car had some issues in the past and I don't think I want to deal with a private seller complaining to me later on.
2007-08-14 14:41:37 · 5 answers · asked by Robert W 1 in Cars & Transportation ➔ Buying & Selling
I think you're misunderstanding me, I don't need the Blue Book Value figure for my car, I need to know of a place that will actually buy it from me at that price and not the wholesale price.
2007-08-14 14:54:07 · update #1
Well it's easy for a website to tell you how much your car is worth.....especially if they don't even buy cars. KBB is only a guide and they do not purchase cars at any values they claim. Dealers use wholesale and Black Book. KBB is a commercialized money making website and has no true baring on what your car is actually worth on the market. Good luck.
2007-08-14 15:28:32 · answer #1 · answered by Janet 4 · 11⤊ 0⤋
A dealer is only going to pay wholesale for your car. If he can buy the same car at auction for a price, why would he pay you more.
The book value is only a guide, and is often misleading. I have had many customers over the years who thought their vehicles were worth a whole lot more than they actually were!
When I would tell them what the vehicle was worth, they would all say, "but the book says it is worth______" All I can say to them is "Call Mr Book, and see if he will write you a check for your car!"
Your car has problems, and you want the dealer to pay more than the value? Sorry to be the bearer of bad news, bit this will not happen in your lifetime!!
2007-08-14 22:01:49 · answer #2 · answered by fire4511 7 · 4⤊ 0⤋
If you trade it in you will only get wholesale value. If you went to a carlot and found a car there that you liked and they wanted $3,000 MORE than bluebook would you buy it? This is what the car companies would have to do if they bought your car at the bluebook value, therfore not giving them any profit. The only other option is to find someone to take over the payments by tranferring the loan over to them, of course pending the credit check and other stuff.
2007-08-14 21:54:33 · answer #3 · answered by hondab16tuner 6 · 2⤊ 1⤋
BLUEBOOK.COM
2007-08-14 21:49:24 · answer #4 · answered by MIKE 1 · 0⤊ 3⤋
www.kbb.com
2007-08-14 21:46:17 · answer #5 · answered by Anonymous · 0⤊ 3⤋