Sunday, January 8, 2012

What dealership is offering the best trade value for a used car?

Values vary a great deal. I read about a used car managers convention where a car was on display with very specific details about its driving condition. And of course, they could see everything else. The black book %26amp; nada values were listed and they were told to appraise that car.





There was some kind of prize to the one that hit it closest to what it brought a week later at auction.





Anyway, there were like 30 mgrs there and the car had a HUGE valuation difference. Like over $1000 on a $3000 car.





Used car mgrs are supposed to either make a little or lose a little on all their trade ins that are wholesaled combined.





If they make too much, they get criticized by the owner for not being aggressive enough in going after business. If they lose too much, they get fired. They want to make or lose a little overall.





As a general rule, the dealer that will offer you the most would be the kind that would retail your car.





But its really impossible to know what your real offer is because so often negotiations are payment based and they show a too high allowance for your car.|||They are all the same, they use the same book to put value on the trade, weather they discount the car or not. You can sell your own car privately for more money.|||They/we all offer about the same amount. We all use the same books, auction reports, and wholesale market reports.





Dealer A may give you $4000, and discount his car $2000. Dealer B may give you $5000 but only discount his car $1000. In the end, its all about the difference you have to pay after the trade.

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