Trade-in Options
Jorg
. Now, the TSX has one of the strongest resale values around and I knew they were blowing smoke. So, I went to Carmax and they offered $23K. I looked at their inventory and found a car exactly like mine for $25.5K. So, I spoke to the MB dealer and they agreed to do a wash-thru where I find a buyer for my car and negotiate a price with them. Then, we go to my MB dealer and he would trade the car in for the same price that the buyer is paying and MB would take care of all the title transfers, etc for their dealer fee of $500. Well, I did this with the help of Auto Trader and got $24K for my TSX + the tax savings (approx $1,680) by doing it through the dealer! Maybe this could be an option?
Last edited by KmanianC; Oct 30, 2007 at 06:19 PM.
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But they still didn't give me that great a price.
Any brand that does a lot of leasing isn't going to want your trade. Even if it's the same brand. They've got a lot of lease returns to push to auction, and yours is just another headache.
But, at least in my state, the sales tax credit can outweigh what you can get for the car private sale. That is, if you factor in the time. I'd sold my last two privately and I'm just done with the hassle. I got to the point where I felt like a jaded car salesman ... I knew instantly talking to somebody if they were a lookie-loo just out browsing and was too passive/aggressive to deal with car lots, a low-baller searching for a hardship deal, or someone who knew what they wanted and was ready to buy.
If you do sell privately, watch out for the legal, 'we'll guarantee you asking price' selling scams. They cruise the for sale ads on auto trader and try to pitch you their consignment service. The small print is, you have to agree to their "asking price" and it's $75-$100/wk (the one that kept bugging me) for them to list it. Which, if you list it on your own in auto trader and craigslist (where I sold both mine) with plenty of decent res pictures and a good description you can do your self.
Also be wary of the guy who calls/emails and starts the negotiation off with, 'what's your best price'? They'll offer you up a startlingly low ball offer, like if you list at 32, they'll offer 24, and then hound you for a few weeks to try to get you to agree. I guess the tactic has paid off; maybe people with cars that are paid off get desperate after a few weeks?
The Best of Mercedes & AMG
Why have you ordered a car and not finalized the details yet?If you have not you may be in for more surprises,than just their reluctance to take in your trade.
ohlord
A lot of my friends had huge success advertising on Craig's List (and it's free) and I decided to give it a try and list it as a few grand above trade in value and around the same price what others are selling on Craig's List. In less than a day of posting my sale I already have 3 interested buyers.
The dealer promised to keep the appraised trade in value if I do decide to trade it in later, as a last resort.
Right now is also a hard time for dealerships to get rid or accept used cars as they are trying to clear out their 2007 models and many upscale dealerships do not have a large used lot like other dealerships do.







