So I am working with AoA on trading my car, and here is what a dealer said the trade value is:
10-27-2001, 05:02 PM
#1
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So I am working with AoA on trading my car, and here is what a dealer said the trade value is:
$22,500
26,500 miles.
See something wrong here?
That means the car has been losing almost 2% per month in value.
Any thoughts?
Of course the dealer will want to pay as little as possible for a car they will try to resell, but still!!!
Is this a factor of post 9/11 incentives destroying the value of all used cars?
26,500 miles.
See something wrong here?
That means the car has been losing almost 2% per month in value.
Any thoughts?
Of course the dealer will want to pay as little as possible for a car they will try to resell, but still!!!
Is this a factor of post 9/11 incentives destroying the value of all used cars?
10-27-2001, 06:10 PM
#3
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Take it down the street to CarMax, and get them to appraise it; the CarMax number will almost always
be higher than what the dealer initially insists is the trade-in value. Since I've always been able to get the dealer to match the CarMax bid, the extra time and hassle is worth it.
Enjoyed meeting you today. Hope you get your deal worked out.
Enjoyed meeting you today. Hope you get your deal worked out.
10-27-2001, 07:43 PM
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Isn't about 50% depreciation over the first two/three years the rule of thumb? (For Audis)
As far a 0% financing killing the used car market, sure it did. For Chevy, Ford, Dodge, etc., etc. I can't believe it's spilled over to the German car market that much.
"Come on Mable, let's dump the 740 and buy a Crown Vic for 0% down and 0% interest." I don't think so.
"Come on Mable, let's dump the 740 and buy a Crown Vic for 0% down and 0% interest." I don't think so.
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10-27-2001, 08:30 PM
#9
In some regions, up to 3500 incentive on purchases and killer lease deals in effect for '01s.
Hard to walk up to a potential client and say, "yeah she got 26K on the clock and purchase payments are higher than the lease payments on a new one." Any luxury make faces this problem. MUCH easier to sell a 3 year old as the price difference is convincing and the clients tend to be different than new car shoppers. This is the worst time of year to trade in.