Need advice on trade-in PLEASE
#1
Almost a Member!
Thread Starter
Join Date: Jun 2005
Location: NY
Posts: 26
Likes: 0
Received 0 Likes
on
0 Posts
Need advice on trade-in PLEASE
Should the fact that my car was damaged ($5000) and repaired (basically as good as new) have any negative effect on a trade-in? Dealer says the fact that the car was in an accident lowers it's trade value. Please help!!!
#3
MBWorld Fanatic!
Join Date: Jul 2005
Location: Denver
Posts: 1,331
Likes: 0
Received 0 Likes
on
0 Posts
02 E55
If it is showing on Carfax - then yes, trade in value will be lowered.
If it's not showing on carfax, just sell it and never tell anyone.
You are not the dealer.
Or find another dealership to trade that in. And don't tell them about accident. If they can't find it, it's their problem.
Anyway - why would you trade car in?
Won't get more money if you just sell it?
If it's not showing on carfax, just sell it and never tell anyone.
You are not the dealer.
Or find another dealership to trade that in. And don't tell them about accident. If they can't find it, it's their problem.
Anyway - why would you trade car in?
Won't get more money if you just sell it?
#4
Almost a Member!
Thread Starter
Join Date: Jun 2005
Location: NY
Posts: 26
Likes: 0
Received 0 Likes
on
0 Posts
Thanks for the advice mainroman i appreciate it. I am a noob here and have very little experience dealing with trade-ins. I just wanted to see what people would say about my situation. The car is leased & has a few payments left on it.
#5
Administrator
![](https://staticssl.ibsrv.net/autocomm/Content/MB/mbwambassador2.gif)
Join Date: Nov 2001
Location: THE Orange County, California
Posts: 11,921
Received 796 Likes
on
495 Posts
2020 Audi R8 V10, 2016 AMG GTS, 2018 E63S Edition 1, 2018 Porsche GTS Cab, 2012 C63 BS
Originally Posted by Elusive1
Thanks for the advice mainroman i appreciate it. I am a noob here and have very little experience dealing with trade-ins. I just wanted to see what people would say about my situation. The car is leased & has a few payments left on it.
#6
MBWorld Fanatic!
Join Date: Jul 2005
Location: Denver
Posts: 1,331
Likes: 0
Received 0 Likes
on
0 Posts
02 E55
If it's leased just finish yet. I agree.
This way you will minimize your loss.
I never leased a car, always buy.
And if you buy a car - no matter how (cash or financ) it is always better to sell it, then buy smth new.
Trade in is for lazy rich people usually. ;-)
This way you will minimize your loss.
I never leased a car, always buy.
And if you buy a car - no matter how (cash or financ) it is always better to sell it, then buy smth new.
Trade in is for lazy rich people usually. ;-)
Trending Topics
#9
MBWorld Fanatic!
Join Date: Feb 2004
Posts: 2,450
Likes: 0
Received 1 Like
on
1 Post
1989 Toyota Tercel EZ - dyno'd @ 70whp/77wtq
Originally Posted by e55 baller
I should check the car fax on my car. has been dinged twice in parking lots by morons...both 1-1.5K each time.
![thumbs](https://mbworld.org/forums/images/smilies/thumbsup.gif)
#10
MBWorld Fanatic!
Join Date: Feb 2004
Posts: 2,450
Likes: 0
Received 1 Like
on
1 Post
1989 Toyota Tercel EZ - dyno'd @ 70whp/77wtq
Originally Posted by jangy
Never buy. Always lease. Why pay $100K in today's dollars , when I can buy half now and half in 3 years for the cost of TODAY!!
Then there is the TAX INCENTIVE!!
LOL
Then there is the TAX INCENTIVE!!
LOL
Unless you could give me example w/ numbers, I still think buying is better than leasing.
![nix](https://mbworld.org/forums/images/smilies/nixweiss.gif)
Here's my logic:
In typical lease deals, the money you spent to iniate the lease and during lease period (lost money) is bigger than the depreciation (and interest, if financing) including the sales tax you paid. This means at the end of the day you still end up w/ more cash if you buy.