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#26 | |||
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Newbie
Join Date: May 2009
Posts: 9
Drives: 2007 Hyundai Sonata Limited V6
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#27 | |
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Senior Member
Join Date: Jan 2008
Location: Orange County, CA
Posts: 373
Drives: E350
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Quote:
True or not, trading in your old purchased (not leased) car is usually not the way to get the best "bang-for-the-buck". When I bought my E350's, I tried to negotiate a good price for trade-ins but failed since the dealership didn't budge. I have since sold both of my "potential trade-in" vehicles for almost double what the dealership was willing to give me (and if I waited some more and "stuck to my initial price", then I probably could have gotten more than double... IF the right customer came along). Basically, IMO dealer trade-ins are good if: 1) you are making so much money that spending the time to privately sell your car would cost you more in potential revenue than the difference between what you COULD get for your car (by selling it yourself) versus what the dealer WILL give you. 2) you value convenience over increased income, thus would rather go the "hassle-free" route in disposing of your vehicle. 3) your old vehicle is worth less than $3,500-$4,500 USD, and you qualify to trade it in under the "Cash For Clunkers" program (which is part of the American Reinvestment And Recovery Act of 2009). This option is for participating U.S. dealerships ONLY!
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-Chokaay |
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| Tags |
| 10000, 12000, 2010, back, cash, coupe, dealers, e350, e550, invoice, marketing, mercedes, msrp, ofering, support, w212 |
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