$6k for trade?

justinschmidt1 · Jul 6, 2012

framda said:
Justin is right. Never let them know you have something to trade in. Tell them it is a straight up sale. Once you get your price on the car your buying where you want it, THEN ask them what they will give you for your car. They will give you what ever you ask but they just tack it on to the price of the new car.

Yea, you should never let them know you have a trade in...negotiate the price, then after you beat the price down say oh, I have a trade in.

Nacho98 · Jul 6, 2012

framda said:
Justin is right. Never let them know you have something to trade in. Tell them it is a straight up sale. Once you get your price on the car your buying where you want it, THEN ask them what they will give you for your car. They will give you what ever you ask but they just tack it on to the price of the new car.

That's basically how I did it, and got them to dead flat invoice to the dollar on the car price.

--Invoice price and not a penny more
--0% financing even for 60 months (that's pretty substantial, don't see that too often on 60 month terms)
--At least getting the high trade value

Even at $5500 it's not a bad deal, I just want an extra $500. I know according to truecar that the dealer paid just under $500 under invoice, which is what I'm making up for.

Sinned83 · Jul 6, 2012

Id sell it for that price its a N/A gt. There is a sucker born every minute.

framda · Jul 6, 2012

Nacho98 said:
That's basically how I did it, and got them to dead flat invoice to the dollar on the car price.

--Invoice price and not a penny more
--0% financing even for 60 months (that's pretty substantial, don't see that too often on 60 month terms)
--At least getting the high trade value

Even at $5500 it's not a bad deal, I just want an extra $500. I know according to truecar that the dealer paid just under $500 under invoice, which is what I'm making up for.

The dealer is making more than $500. They also get incentives based upon the total # of vehicles they sell per month, quarter, year etc. I don't know about 0% financing, but they also get a kick back on financing, that is called the out back money. What are you buying, new, used? I might have missed were you mentioned it.

Mrstangerbanger · Jul 6, 2012

Ya my door got hit with a bike or car in a parking lot and I called my insurance company and they told me they would give me 11,000 for my car if the car was totaled .. I have way more into it but that is the way these money pits work .. You will never get what you have into them.. But my car only has 89,000 miles also .. I see people selling fully built mustangs for around 7500 to 10,000 all the time so if the car lot was going to give you 5500 I would give them the car for sure ..