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      03-10-2008, 02:07 PM   #1
rocco
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Picking up tomorrow, renegotiate trade-in?

So my car arrived at the dealer Saturday, picking her up tomorrow night. The price we negotiated on my trade-in was, at the time of ordering, a projection for the car's worth in 8-weeks time...well the car arrived in just 4 weeks, which means I should reasonably expect another ~$500 bucks or so for my trade (a 2005 C230 SS 6MT), no?

I'm all for honoring deals, but a parameter of the agreement changed, and I think that should be accounted for...what do you guys think?
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      03-10-2008, 02:08 PM   #2
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Can't hurt to try
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      03-10-2008, 02:14 PM   #3
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I'd give the salesman a call and "innocently" ask "When should I come in to have my trade-in re-evaluated?"
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      03-10-2008, 02:15 PM   #4
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Can't hurt to try, but with the used car market how it is, I'd find it doubtful that you could finagle an extra $500. 1-2000 fewer miles would have a very minimal impact on the value of the vehicle. But it doesn't cost you anything to see what you can get. I could be wrong of course... you might be able to get a few hundred.
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      03-10-2008, 02:19 PM   #5
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the price they quoted me / agreed to on my used car was the price they paid 50-60 days after my car came in. my car's kbb value was around 28 and dropped to 26,500 when i traded it in... they honored the 28k offered. however for you they've added depreciation over 8 weeks, will prob be sticky to adjust. but still worth a try.

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      03-10-2008, 02:26 PM   #6
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Honestly I'd be happy if they just picked up the doc fees, which I was too exhausted to haggle over after working so hard to get the MF and cap cost down.

Thanks for the replies.
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      03-10-2008, 02:28 PM   #7
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Quote:
Originally Posted by Gig103 View Post
I'd give the salesman a call and "innocently" ask "When should I come in to have my trade-in re-evaluated?"
+1 ask if they'd re do your evaluation.
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      03-10-2008, 02:47 PM   #8
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Why do people trade in their cars. Sell the damn thing and get a couple thousand more. I truly have never understood why anyone does this.
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      03-10-2008, 05:02 PM   #9
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Because of the tax credit

If you trade a car in with a value of 30K for a car with a 60k price you only pay tax on the difference. At 6% that's an $1800.00 difference. You would have to sell your car for at least 1.8K more than the trade in offer. If you have a lien on your trade-in car you need to come up with the cash to pay that car off before you can sell it. That coupled with the hassle of selling on your own

That is why I trade mine in. On a low value trade, perhaps it makes sense to sell it n your own since the tax savings would be very small.
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      03-10-2008, 07:47 PM   #10
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Quote:
Originally Posted by Socratesbmw View Post
Why do people trade in their cars. Sell the damn thing and get a couple thousand more. I truly have never understood why anyone does this.
I've had my car listed for sale for a month...what a major hassle...no-shows, liars, finaglers, people who CAN'T DRIVE STICK burning the hell out of my clutch then asking "what's that smell???"...not worth it, IMHO. trade-in for my car is only 1000 less than private-party suggested value...
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      03-10-2008, 08:03 PM   #11
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Wow - I must have some good luck. I've never had a car on Craigslist for more than 6 days and sold another in less than 4 hours. I guess I've been put off on the whole trade in route after listening to my friends' families about their dealerships and how much they lowball people and how much they make off the trade-ins when they resell.
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