PonyGrrrl
Well-Known Member
- Joined
- Nov 16, 2014
- Threads
- 10
- Messages
- 1,377
- Reaction score
- 447
- Location
- South Florida, USA
- First Name
- Jeanne
- Vehicle(s)
- 16 Cadillac ATS V Coupe
I would take 9 on a trade. KBB says 9,600 average on trade-in but a range of 8800-9700 too, assuming very good condition.
In reality the dealership is going to offer you 8000-8500 first offer and point out every defect in the paint, interior, etc. The usual dog and pony show. Of course KBB doesnt factor a lot of things like does it need brakes, tires, etc. KBB is way too rough an estimate. I would take it to Carmax and get a free appraisal, they say it takes 30 min.
They will leave about $500 negotiating room, and likely wont go more than that. so if they say $8500 counter at 9500 and reach 9,000. They likely own't stretch more than $500; they know what it's worth right away- its not a Toyota or some other manufacturer trade-in but a Mustang the guy has appraised 500 times.
They figure in the tax difference benefit you are getting on the new car too (prob $400-450) that's why they seem to go bout $1,000 under what they think it's really worth on roughly a $10k car. The tax benefit to you, and then $500 negotiating room usually.
They went $1500 under KBB on mine and we settled at around $750 under KBB; but my tax break was much higher on the new car (higher value trade-in) so I just about broke even really at the end of the day where I wanted to be.
But honestly take the $10k plus tax difference all day if it's an easy cash sale. You'll never see that from the dealership for a 2006 v6.
That's exactly the ballpark I thought I would get for a trade, realistically. If my friend seriously decides to buy it, $10,600 sounds good to me. I agree that I would never get 10k from a dealer, I would be happy with 8.5k for trade. Sawgrass just really pissed me off, 4-5k was an insult and they have shitty attitudes. I was never going to buy from them anyway, after seeing what they did to that Shelby on the guy's dash cam. I can only imagine what they do with new inventory.
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