Quote:
Originally Posted by chubeyr1
You will always lose big time trading in your vehicle.
I have seen stealerships write down on paper the owner was getting $8000 for a $2000 car. Sounds like a win, it isn't.
If you ever trade a vehicle in expect to pay at least $5000 to much.
Your deal may look great on paper. Yet that is the only place it will look great on.
Sell your vehicle privately then buy a new one with cash. When you trade a vehicle in you get pennies on the dollar!
Buddy of mine was buying a new truck recently. I was with him for support. I told the guy don't do it! He wanted what he wanted.
I literally sat in the salesman office, demanding that the truck has air conditioning, Undercoating, premium sound system etc etc etc. Sales man caved to every demand with ease. He was making so much money off this deal he did not care.
I had enough. Time to go for a smoke. My stupid friend had really pissed me off. Never the less I got him a lot more than he had hoped for.
Deal is done? I ask my buddy what color is your new truck? He has no idea!
The salesman loved him! Also loved the fact he traded in a 10,000 car for about $3500.
I have a young nephew that is a car guy. Bought his first car from a family member that works at a stealership. Then his first job was at that stealership. I could not of hoped for a better education. He paid $5000 for a car he could of bought for $1000.
Buying a new car or truck? Do it with cash. Research the price before hand. Buying a 30,000 truck for 40,000 as the stealership gives you 8000 for your trade in is not a win.
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Agreed with the trade in scam. Cant agree with the pay in cash comment though, this will not likely result in a better deal.
How bout this...sell your old car privately, then buy your new one for the best negotiated deal you can get but have the funds available to pay off any financing deals you might need to sign up for in order to get the best price.