Trade In Value

[MastrHU]

I've been on a mission to part with my GT350 for about month now. I was out with my little one and decided to check out the local Honda dealership. I've been eyeing the new Civic, Accord, and Pilot. Surprisingly enough, they offered me a fair price on the GT350. Not only that, I got offered a decent value for my Saturn Outlook. So now I'm trying to make a decision on a Honda purchase. Yeah, I know, it's a big step down performance wise from a GT350 to a Honda. However, I've had Hondas and Acuras in the past and have always loved their build quality and reliability. So by the numbers...they are offering me $57k, and that might go up a couple of hundred dollars. Not too bad considering I will save a few thousand on taxes if I make the trade.

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[Shift]

I've been on a mission to part with my GT350 for about month now. I was out with my little one and decided to check out the local Honda dealership. I've been eyeing the new Civic, Accord, and Pilot. Surprisingly enough, they offered me a fair price on the GT350. Not only that, I got offered a decent value for my Saturn Outlook. So now I'm trying to make a decision on a Honda purchase. Yeah, I know, it's a big step down performance wise from a GT350 to a Honda. However, I've had Hondas and Acuras in the past and have always loved their build quality and reliability. So by the numbers...they are offering me $57k, and that might go up a couple of hundred dollars. Not too bad considering I will save a few thousand on taxes if I make the trade.

So what's the question?

 

[abcut973]

How many miles?
Honda will probably sell it to a more specialized car dealer.

 

[mrdci]

How many miles?
Honda will probably sell it to a more specialized car dealer.

Unless its MSRP I'd post it on auto trader etc just to get a feeler before I'd trade it in and let them make the money you'd be able to put in your pocket. They would make money on both selling you a car and selling your GT350.

 

[MikeD1]

Bet there are a lot of guys here that would snap it up @ $57K (really $60.5K when you figure in the sales tax you avoid by trading in) if you offered it for sale !
Why not let a fellow enthusiast snatch it up instead of a dealer ??

 

[abcut973]

I think his car has been in the classified section for a month now and no bites probably. One of the reason he wants to trade in :shrug:

http://www.mustang6g.com/forums/showthread.php?t=54531

I would actually do the same if I was in his position. Dealer is offering a good deal + tax saving + less hassle selling privately. No brainer.
Now members need to step up if they are interested.

 

[MastrHU]

So what's the question?

No question. Just throwing this out there for those who are looking to depart with their GT350. There's been sales information and values, but I haven't seen anything about trade values. I've had it for sale for about a month. It's been on the market under MSRP, but didn't sale. People were interested but nothing ever came of it. I think there's more of a demand for these cars up north and west coast, but shipping plays a factor. BTW, this car has 2500 miles on it. I would keep lowering the price, but I'm at a point now where this trade will be better cost wise if it works out. So, now it's a matter of what comes first.

 

[mattlqx]

I'm hoping for $55-57k on my current 350 when my '17 rolls in in about 2 months. That's a pretty darn fair trade value.

 

[abcut973]

No question. Just throwing this out there for those who are looking to depart with their GT350. There's been sales information and values, but I haven't seen anything about trade values. I've had it for sale for about a month. It's been on the market under MSRP, but didn't sale. People were interested but nothing ever came of it. I think there's more of a demand for these cars up north and west coast, but shipping plays a factor. BTW, this car has 2500 miles on it. I would keep lowering the price, but I'm at a point now where this trade will be better cost wise if it works out. So, now it's a matter of what comes first.

I would say people want more track pack cars than tech pack.
GL

I'm hoping for $55-57k on my current 350 when my '17 rolls in in about 2 months. That's a pretty darn fair trade value.

If you paid MSRP new yes it is

 

[MastrHU]

Car is gone. Got $56k at the end of the day towards a trade, plus they gave me a good deal on my old SUV. So at the end of the day, I had them knock off $2500 off the new SUV, didn't have to buy new tires for the old SUV, didn't have to pay taxes on the new SUV (about $3k), reduced monthly car/insurance payments by $600, and I put $4k in the bank. Win win, but still sad to see the GT350 go. Maybe I'll look for a 2017 down the road. I am interested to see what they try to sale the GT350 for.

 

[Shift]

Car is gone. Got $56k at the end of the day towards a trade, plus they gave me a good deal on my old SUV. So at the end of the day, I had them knock off $2500 off the new SUV, didn't have to buy new tires for the old SUV, didn't have to pay taxes on the new SUV (about $3k), reduced monthly car/insurance payments by $600, and I put $4k in the bank. Win win, but still sad to see the GT350 go. Maybe I'll look for a 2017 down the road. I am interested to see what they try to sale the GT350 for.

I wish our state calculated taxes on the difference on trade and new car purchase. Congratulations and sorry at the same time

 

[Shouldhavegotthegt]

Sorry for your loss

 

[Rated R]

There's an ass for every seat I suppose.

 

[Trackaholic]

Why are you getting rid of the GT350? Also, congrats on the replacement. Seems like you got a great deal.

-T

 

[machsmith]

I wish our state calculated taxes on the difference on trade and new car purchase. Congratulations and sorry at the same time

This is ONE thing i like about our state. Makes trading to dealerships more "worth it" vs finding the individual to buy at the upper end of blue book.

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