Posted: 8/30/2009 4:56:11 AM EDT
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I'll admit that this is an amateur-ish question, but I'm freaking confused.
Two months ago, I was looking at trading in my 2005 Mustang on a newer one. I went to two different Ford dealerships looking at cars, and they both quoted me the same trade-in on my current vehicle, which was around $9000 (don't remember the exact figure). Last week, I went to another Ford dealer looking at an F-150, and was quoted $6000 as a trade-in on my car. Other than adding approximately 2000 miles, there is NOTHING different about my current car than there was in June. So, where's the $3k discrepancy here? Are trade-in values that different from dealer to dealer? |
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Quoted:
Go to Edmunds.com and Appraise Used Cars to see what trade in, wholesale, and retail prices are of used vehicles. They will also tell you what others are paying for a new vehicle you are interested in, invoice price, dealer incentives, etc. Then subtract $1000-$2000 minimum to come to the real value of the vehicle. |
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Quoted:
I'll admit that this is an amateur-ish question, but I'm freaking confused. Two months ago, I was looking at trading in my 2005 Mustang on a newer one. I went to two different Ford dealerships looking at cars, and they both quoted me the same trade-in on my current vehicle, which was around $9000 (don't remember the exact figure). Last week, I went to another Ford dealer looking at an F-150, and was quoted $6000 as a trade-in on my car. Other than adding approximately 2000 miles, there is NOTHING different about my current car than there was in June. So, where's the $3k discrepancy here? Are trade-in values that different from dealer to dealer? "Trade in Value" is a raquet 
You may have noticed the little blue book in the Theif's hand. Things(ie,car,homes,boats,guns) aren't diffident values,they are worth what they're worth. Kelly Blue book gives them faux legitimacy in something that is otherwise transparently BS. They need to under pay in order to make money on your car when/if they sell it but the part most people don't get is that isn't your problem. There just isn't any such thing as "trade in value". If your car is worth 9K than thats what it is always worth. The car business is full of lazy and dumb people who can't make a buck with put rip'n somebody else in the deal. I buy and sell a lot of cars ,both newly built and used and with new cars I set the price because I built it. But used cars (not rare,collectible) worth what they are worth and the most you can ethically make on them is a couple hundred bucks. To make more than that I have to take somebody's car from them for less than it's worth,meaning I stole the difference |