You're right about that. I fully expect them to flip the car if I were to trade. My wife and I had a 2010 Escape that started having issues. It was out of warranty and had a lot of miles. It was my wife's daily driver and she's a special needs teacher so she has to drive to different schools. The repairs were more than we wanted to spend so we ended up getting a 14' Escape. (they're pretty awesome by the way). The dealer gave us 10.5k on the trade (more than I expected). My wife saw that they sold it for 15k.
You're absolutely right... unless... you drive a piece of shit :headbonk:. Dealer offered under 1k for my '02 V6 when buying wife's car, put it on CL for 3200... no bites. Marked down to 2800, sold in an hour, first buyer had cash in hand. In your example, the 1200 difference is justified, but typically the dealer is aiming to make a lot more than that. The delta on every car I've ever traded has far exceeded that 1200, and I've never traded anything worth more than 20k :shrug:
That's a VERY popular car, especially among young people. The car I sold above had a 5th gear issue and various cosmetic issues - if your car is more or less cherry, there are tons of young twenty-somethings out there wanting to get a good deal on their first post-college indulgence. Sell that car private - start on CL, maybe buy the minimum cars.com listing or something. Hopefully you have enough cash laying around to play that game for one or two months. You'll be making hundreds of dollars per hour.
Yeah, probably 2 'classes' down from what your car really is, i.e. they'll buy a good-excellent car at 'fair'.
Not yet. I actually had someone message me and ask if I'd take payments..!
Yes its true
Is the private party value that they'd buy at on the lower end of the spectrum or higher..? I'd imagine it'd have to be on the low end. I just saw that the dealer I ordered from will buy your car from you also. My guess is that they wouldn't give me any more than if it were traded.
