Deleted member 1157
Guest
I agree with you 100%.In today's market for both new and used vehicles some dealerships try to screw you in buying (ADM's) and trading-in (Low ball offer).
My new Maverick has a scheduled build date 11/8 (hope that sticks) so December delivery for me. I am selling my low milage (43,500) 2015 Honda Fit Ex in very good condition. If I sold it outright to an individual I should get around $14,500 for it . KBB has it's value in the range of $13,500 through $15,500.
The AutoNation Honda Dealership that has done all service on it, which was only maintenance as no repairs were ever necessary, had advertisements to sell your vehicle to them. Since I knew the value I decided to see what they would offer.
It turns out that the manager of that department is as sleazy as most salesmen as he gave me a pathetic offer of only $10,000.
After I vented my displeasure at the value and that I originally purchased the car new at the dealership and had all maintenance done there he upped the offer to $11,000. I still felt it was a pathetic offer. Having told him that I left.
On the way home I got a text to come back and they would give me $12,500 in cash.
So in the space of about 30 minutes my car's value went up 25%.
My Maverick is being purchased from another an Autonation Ford dealership. When placing the order I decided to see what my car was worth to them so I had them look at it. Since I already had another Autonation dealership give an appraisal the first one is what they would use. Only if I wait 30+ days would they reappraise. So it looks like the initial pathetic offer from the first one may be what I would receive it I trade in to any Autonation dealerships.
Now onto your savings in sales tax. That is true as I would save 6.25% here in Texas on my trade-in value. So going with the $10,000 I would save $625. However If I sold my car outright for $10,626 or more that would be a better deal overall. If I sold for the cash offer of $12,500 I would be $1,875 better off than trading in for $10,000.
About two weeks before my Maverick gets delivered I plan to get online quotes from Carvana, CarMax, Vroom etc and see what their offers are then see what the Autonation Ford dealership where my Maverick gets delivered to offers. The Autonation Ford dealership's offer needs to be at least 93.75% of the best online offer. I have serious doubt they will even be in the ball park given my initial experience.
I'm going to the Goodwill store to buy a plaid suit so I can give it to the car salesman.
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