K-A

Hmm, that is true, I'm sure it still doesn't equal the amount lost from getting screwed by a Dealer though.

There are other issues with selling cars Privately though, like the time and effort, and the potential dangers/risks, etc. (just be smart, don't have people come to your house to check out a car, go to a populated meeting area in broad daylight, etc.).

RSIKR

Illinois, sales tax is paid on the difference between the trade-in and the price of the new vehicle. In Chicago with city and Cook County Tax around 9%.

dbtk

I prefer to trade-in for the reasons mentioned by K-A. Plus there is the added convenience and timing that is associated with trade-ins. I have found that I can guilt the dealer into reducing the price of the new car to make up for the low "auction"-like value of the trade.

K-A

That's a good tactic.

First set a *tentative* price for the new car, then start on the Trade In ("ehh, I don't know if I really want this car for that much, but for the hell of it, let's see what you'd give me on my Trade In, were we to go forth with the deal"). Once they low ball you, say that you don't like the deal, and maybe if they'll cut the price of the new car down some, to compensate for the lousy Trade In, you'll consider buying.

RJC

Thanks golfster. If I only knew just how serious the supposed rare complications a dura puncture from an epidural injection and getting depomedrol in the spinal fluid was I would have run away.

Sawgrass is one of my favorite courses which I've always wanted to play but I doubt I'll ever be able to play golf again. I've been playing since I was a small child and actually became quite good over the years. Nothing like being in the outdoors on a beautifully landscaped course and cracking the ball with my driver. Keep playing, watch that shoulder and crank one down the fairway for me.

220S

May 13, 2011
ZEEWOLDE, Netherlands — Spyker Cars, the Dutch parent of Saab Automobile, said late Thursday that its agreement to sell a 30 percent stake in the struggling Swedish automaker to China's Hawtai Motor for $220 million, announced just 10 days ago, has collapsed. Saab's Trollhattan assembly plant remains idle, pending a new infusion of cash, and the company's long-term survival appears to be in serious jeopardy.

Dutch parent Spyker and would-be white knight Hawtai have terminated a week-old deal under which the small Chinese automaker would have acquired a 30-percent stake in Saab for about $220 million in equity and debt financing.

Beijing-based Hawtai said the agreement fell through because of "commercial and economic realities." Spyker said it was forced to terminate the deal when "it became clear that Hawtai was not able to obtain all the necessary consents."

wireless200

Yeah, another Chinese investor named Youngman came in now to buy out or finance. Either way, I've lost interest in the Saab 9-5. Went by the lot and, man, is that a sad, lonely place. GM completely destroyed that once quirky but proud marque. The 9-5 looks sort of ok to me, wife didn't like it, but the worst thing is it whiffs of GM. You know the platform and engine are GM, right? Somehow the lines or something make you feel GM through the rest of the car, and not in a good way. (The 9-3 totally appears to be a GM small car with a Saab badge.)

We're back to Merc now, nothing compares. Just can't decide between the E350 and the C350. The E has the prestige and is roomier but the C size fits my wife (who the car is for) better, and is a more fun car to drive than the E. It is not as bad as it used to be since the C has been steadily improved but I still feel that when you see a C you figure the owner would have bought an E if he had an extra $10k to spend.

220S

The China Youngman Automobile Group deal preceded the China Hawtai talks. Hawtai came in after Youngman pulled out, but then pulled out themselves on Friday (May 13.)

Anyway this just in two hours ago:

Saab Finds New Savior in Pang Da JV

WardsAuto.com, May 16, 2011 1:09 PM

Spyker Cars, the parent of Saab Automobile, inks a preliminary agreement with Chinese dealer group Pang Da Automobile to form a joint venture securing E110 million ($155.2 million) in medium-term funding for the struggling Swedish auto maker.

Last week, an E150 million ($211.7 million) investment and loan agreement with China’s Hawtai Motor Group broke apart and Spyker decided to pursue opportunities with other Chinese sources.

Landing the new equity partner comes ahead of Spyker’s annual shareholder’s meeting, where the company will submit plans to change its name to Swedish Automobile.

The name change comes in response to Netherlands-based Spyker selling of its Spyker-brand exotic sports car business earlier this year to focus on rejuvenating Saab and requires shareholder approval.

According to terms of the agreement with Pang Da, the dealer will take 24% of Spyker in return for some E65 million ($91.7 million).

Spyker additionally would receive E30 million from Pang Da ($42.3 million) as payment for the purchase of Saab vehicles and another E15 million ($21.2 million) within 30 days of purchase for additional vehicles, given the deal passes regulatory scrutiny.