Sunday, September 26, 2010

Protip: Trading in your car.

It's VERY hard to trust a number put on your used vehicle when you are trading it into a dealership. In order to assure that you are not only getting the best price on the vehicle, but the best price for your trade, follow the previous protips and use this one as well.

  • Avoid mentioning a trade with your salesman.
  • Focus on the price of the new vehicle.
  • If trade is brought up, say you are going to keep it or sell privately.
  • Get the price for the new vehicle.
  • Change your mind and say you are going to trade in your vehicle after all and request an appraisal.
Why is this necessary?

  • Dealers will use gross profit on the new vehicle in order to inflate the value of your trade (eg, appraised at $4000.00, you want $6,000, so they take $2000 gross from the new vehicle and put it on top of your trade).
  • This will ensure that you get the best price on the vehicle AND give you an idea of who is giving you the best honest price for your trade in.
Happy buying, until tomorrow!

36 comments:

  1. 1 avoid dealer like plague
    2 Buy car on craigslist
    3 Give old car to impoverished friend
    4 ???
    5 Profit!

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  2. Wow, good to know. Such useful information here.

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  3. Awesome. Love your posts! Thanks for all the pro tips, keep em coming!

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  4. ill keep this in mind, keep posting this tips.... not a lot of bloggers doing them atm

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  5. Nice info, thanks. I've been debating getting rid of my car since its a piece of shit, so I'll have to remember this.

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  6. Good point man. But honestly?
    Craigslist is the shit for cars under $5,000.
    You get good deals, and you get good money for your beater whereas at a dealer you'd get raped.

    Twitter.com/CawlinForReal

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  7. This will DEFINITELY come in handy one day.

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  8. I'm in the process of trying to trade in my 10 Ranger for an 11 F150, so this post is definitely of interest to me.

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  9. Agreed about craigslist/kijiji for older cars and everything else.

    Zholmes: Prepare to get destroyed on the trade in of your Ranger. Ford offers such heavy incentive support on the vehicle that selling one used (even a 2010) would be very difficult unless it was incredibly cheap. Even if your Ranger is a 2010 with low k's (10-15,000 KM) and loaded (4x4, Fx4, Sport 4x2), I'd imagine the most you'll see on trade is in the area of $14,000 at a maximum.

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  10. I hear good things about autotrader

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  11. I just avoid trading and sell direct to an individual.. good tips tho!

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  12. Kinda wish I got my new car from the dealer now! Good info.

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  13. this is why public transportation is ftw lol, cars are too much effort. Granted I own a car, eh.

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  14. buy low, sell high thats what I always say

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  15. Informative post, I know I'll be using this information soon. My clunker has got to go.

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  16. I had to come back just to get a second read

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  17. These are some good tips, when my pos car dies on me I might look into using these.

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  18. these are legit tips ty, ive been looking to tradein / sell my jaguar and its sooo hard, this will help for sure, keep up the great work

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  19. Nice post, if you actually haggle with a car dealer long enough they eventually say we can either give you more for your trade in, or take more off the price. Which do you prefer. LOL.

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  20. I'm going to be trading in a car later this year, so I'll have to refer back here often to make sure I can get the best deal possible!

    Thanks again!

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  21. Moar salesmen will try to get a deal out of you. It's the whole offensive sale thing. But yeah great advice nevertheless.

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  22. Thanks for the comments on my last GTL blog post.

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  23. Thanks for the info, I'll keep it in mind when trying to trade in my car

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  24. I'll trade my car soon, i'll stop by your blog to get it done well :)

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