trade in versus independent sale?
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Super Member
Joined: Apr 2014
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From: Chicago, IL
2018 AMG E63s
trade in versus independent sale?
Seriously thinking of upgrading my '14 C63 to a '16 GTS, and I'm wondering if I should trade the car in or sell it independently? It's loaded, and with Klassen M52 19" wheels as well (I still have the OEM 18" wheels). 7700 miles. Suggestions? I have about 30K left on the loan, and could probably put a decent amount of cash down. But I'm wondering what will yield the best result? Obviously the trade in would be easier, but am I inevitably going to lose a bunch of $$ doing so? Thx
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From: Sydney, Australia
2010 C63 Estate
Dealerships are there to make money.
They will offer you much less than market, and sell it to turn a profit.
Having said that, its a headache free way to sell your car. Not having to deal with the time wasters and dreamers (there is alot of them)
Best thing, is to at least let them appraise your car as a trade in on a GTS, and they weigh it up in your mind if its worth it, or wait it out on the private market for those few extra $
They will offer you much less than market, and sell it to turn a profit.
Having said that, its a headache free way to sell your car. Not having to deal with the time wasters and dreamers (there is alot of them)
Best thing, is to at least let them appraise your car as a trade in on a GTS, and they weigh it up in your mind if its worth it, or wait it out on the private market for those few extra $
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From: eNyCe
Steel Grey Metallic C63!!
You have to factor in the tax savings in trading in your vehicle. If a private sale nets you only an additional $4k over the trade in offer, it is not worth it. NY Sales tax savings on trading in a vehicle will more than offset the additional money you would get via private sales. Don't forget about the time and effort spent on selling a vehicle privately.
For Example:
Private Sale = $54,000
Trade in = $50,000
NY Sales Tax = 8.875%
Tax Savings = $4437.50
You should at minimum, get the trade in appraisal from the dealership. You might get lucky and they will entice you by offering you a better than normal trade in value.
For Example:
Private Sale = $54,000
Trade in = $50,000
NY Sales Tax = 8.875%
Tax Savings = $4437.50
You should at minimum, get the trade in appraisal from the dealership. You might get lucky and they will entice you by offering you a better than normal trade in value.
Thread Starter
Super Member
Joined: Apr 2014
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From: Chicago, IL
2018 AMG E63s
Fantastic, thanks all. Helpful advice. Any idea how they'd handle the extra set of wheels that I have for the car? They've got about 3K on them and the rims are pristine, but standard OEM 18" spokes. Would they want them too? No other mods except for a Eurocharged tune. How do add ons figure in, or don't they? thx again
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Joined: Jun 2007
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From: Westmont, IL
2014 C63 Sedan
You have to factor in the tax savings in trading in your vehicle. If a private sale nets you only an additional $4k over the trade in offer, it is not worth it. NY Sales tax savings on trading in a vehicle will more than offset the additional money you would get via private sales. Don't forget about the time and effort spent on selling a vehicle privately.
For Example:
Private Sale = $54,000
Trade in = $50,000
NY Sales Tax = 8.875%
Tax Savings = $4437.50
You should at minimum, get the trade in appraisal from the dealership. You might get lucky and they will entice you by offering you a better than normal trade in value.
For Example:
Private Sale = $54,000
Trade in = $50,000
NY Sales Tax = 8.875%
Tax Savings = $4437.50
You should at minimum, get the trade in appraisal from the dealership. You might get lucky and they will entice you by offering you a better than normal trade in value.
Member
Joined: Feb 2015
Posts: 123
Likes: 1
From: Seattle, WA
2013 C63 P31 coupe
Fantastic, thanks all. Helpful advice. Any idea how they'd handle the extra set of wheels that I have for the car? They've got about 3K on them and the rims are pristine, but standard OEM 18" spokes. Would they want them too? No other mods except for a Eurocharged tune. How do add ons figure in, or don't they? thx again
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Thread Starter
Super Member
Joined: Apr 2014
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From: Chicago, IL
2018 AMG E63s
thanks. great advice. what if I purchase the vehicle in CT? I live in NY, but one of the larger dealers is just over the border in Greenwich. I'm assuming they would assess NY state tax, so the same tax benefit on trade in would apply, right?
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From: Down Unda
W204 C63 AMG, W212 E250 CGI, C207 E250 CGI
if youre not in a hurry, you can...
...put it back to stock as much as possible and sell it privately then sell parts separately, youll get the best return of investment.
...ask the dealer how much theyll get your car with all the mods, it will definitely be lower but if you can haggle as close as the price you have in mind, do the trade in, so much easier.
...ask the dealer how much theyll take your car as bone stock and haggle the best trade in price then sell your other parts privately.
goodluck sir!
...put it back to stock as much as possible and sell it privately then sell parts separately, youll get the best return of investment.
...ask the dealer how much theyll get your car with all the mods, it will definitely be lower but if you can haggle as close as the price you have in mind, do the trade in, so much easier.
...ask the dealer how much theyll take your car as bone stock and haggle the best trade in price then sell your other parts privately.
goodluck sir!
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From: eNyCe
Steel Grey Metallic C63!!
It never hurts to remind the finance manager of this, when you are reviewing and signing your paperwork.
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
As mentioned above, tax saving can certainly offset the additional gain from private sale, plus without all the headaches and hassles of a private sale.
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Joined: Apr 2015
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2014 C63, 2013 Mini Cooper S
I usually trade in to dealer only because of lesser hassles compared to private sale. Yes, you will not get the best offer from dealers compared to private sale. But at least you don't have to worry about strangers test driving your car.
You also need to find the right dealer. Get your car appraised by multiple dealers.
When I recently sold my G37, I went to multiple Infiniti dealers to get the car appraised. One particular dealer offered way more than anyone else only because they had one of their highest sales months. They really wanted my car.
As some of the others mentioned, try returning your car back to stock. The mods will add no to very little value. Sell them separately on the forum.
good luck!
You also need to find the right dealer. Get your car appraised by multiple dealers.
When I recently sold my G37, I went to multiple Infiniti dealers to get the car appraised. One particular dealer offered way more than anyone else only because they had one of their highest sales months. They really wanted my car.
As some of the others mentioned, try returning your car back to stock. The mods will add no to very little value. Sell them separately on the forum.
good luck!
Thread Starter
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Joined: Apr 2014
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From: Chicago, IL
2018 AMG E63s
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2010 C63 P30
Worth a shot to at least check, they're easy to get an appraisal from and its good negotiating power if you get a decent offer.
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From: Tampa FL
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CarMax would negate the tax break---it will be like selling privately but with trade in pricing. It's a last resort to offload a car.
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From: Chicago area
2015 E400 and 2015 GLK350
Just keep in mind that the dealer's basic business model is to buy your car for wholesale value and then sell it for retail. That is how they make money on used cars. If you sell it yourself, you may sell for more than wholesale, but maybe less than dealer retail since you cannot offer additional "services" along with the car. I always trade my cars because I do not want a buyer to know where the car came from. . . in case they have buyer's remorse or there is some hidden defect in the car that they think should qualify them for a price reduction after the fact. Of course, I "consume" my cars much more fully than you do, as the last two cars we traded were 13 and 14 years old.
Another reason not to bother with trying to sell a "high-bracket" car yourself is the issue of financing. Not many used car buyers around here have the cash to buy a higher-priced used car outright, and banks are more reluctant to finance younger or less-affluent buyers to purchase expensive used cars.
Another reason not to bother with trying to sell a "high-bracket" car yourself is the issue of financing. Not many used car buyers around here have the cash to buy a higher-priced used car outright, and banks are more reluctant to finance younger or less-affluent buyers to purchase expensive used cars.
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'14 C63 507, '11 C300, '96 Cobra, '91 Mr2
You also need to find the right dealer. Get your car appraised by multiple dealers.
When I recently sold my G37, I went to multiple Infiniti dealers to get the car appraised. One particular dealer offered way more than anyone else only because they had one of their highest sales months. They really wanted my car.
When I recently sold my G37, I went to multiple Infiniti dealers to get the car appraised. One particular dealer offered way more than anyone else only because they had one of their highest sales months. They really wanted my car.
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From: Alabama
09 Carrera S, , 03 F250 CC FX4
Man, you guys pay an assload for auto sales tax. I was complaining last year cause ours went to 3% (Alabama)
With that being said, I can't see a dealer offering within 8k -10k of what a private sale could bring
With that being said, I can't see a dealer offering within 8k -10k of what a private sale could bring
Last edited by QWKSNKE; Oct 17, 2015 at 08:19 PM.
.... also did you get a trade in number from the dealer? Im just curious
Thread Starter
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From: Chicago, IL
2018 AMG E63s
thanks for the input, folks. I just remembered that I read that one should wait until the sale would be nearly complete to confirm that one wanted to trade in a vehicle. First you negotiate "rock bottom" price and then bring the trade in, I guess to get any additional leverage? I'm sure the dealer is going to look to make profit anywhere and everywhere they can - but if I'm appraising a vehicle up front then this isn't possible. Any reason to do or to not do this? thx again
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From: Seattle
2008 Mercedes Benz E63
There is no leveraging a dealer. They used 54k retail and 50k on trade as an example.
That would be truth if you were being drastically over charged on your purchase vehicle. I would assume if your car was worth 54k private party you would be offered 42k, and then after its "reconditioned" you would see it on their lot for $58,999.
You will take a HUGE loss trading in to a dealer.
It seem like some people have they money where if they get $9,000 less then the car is worth they can eat it, but I can not. I have more time then money, so I can show the car to a few people on craigslist. It can be a pain, but most the time people that are going to spend 40-50k on a car are there to buy it. Selling cheap cars is where you run in to problems.
I've work for several car dealerships. I have seen some cases with higher end cars where the dealership will take it on trade and flip it literally the next day at a 40k profit. It is rare, but it gives you an idea of how they work. You will lose thousands and thousands of dollars trading a vehicle in.
That would be truth if you were being drastically over charged on your purchase vehicle. I would assume if your car was worth 54k private party you would be offered 42k, and then after its "reconditioned" you would see it on their lot for $58,999.
You will take a HUGE loss trading in to a dealer.
It seem like some people have they money where if they get $9,000 less then the car is worth they can eat it, but I can not. I have more time then money, so I can show the car to a few people on craigslist. It can be a pain, but most the time people that are going to spend 40-50k on a car are there to buy it. Selling cheap cars is where you run in to problems.
I've work for several car dealerships. I have seen some cases with higher end cars where the dealership will take it on trade and flip it literally the next day at a 40k profit. It is rare, but it gives you an idea of how they work. You will lose thousands and thousands of dollars trading a vehicle in.
Last edited by layzie12g; Oct 18, 2015 at 11:16 AM.
