Why is our trade in value so $#!TTY
07-25-2007, 06:34 AM
#22
Senior Member
Join Date: 07-17-2006
Location: Dallas, GA
Posts: 6,052
NEVER use Kelly Blue Book for trade value if you can avoid it. When offering to trade your car in, tell them you'll trade retail-to-retail, that is, retail book value for your trade and MSRP for the new one. BUT, always insist on NADA retail for your car, NOT Kelly, Edmunds, or Black Book. They are dealers, and the book value you're demanding with NADA is National Auto Dealers Association, so it makes it harder for them to shoot it down. They will try, but stick to your guns and walk away if they balk. They'll be in touch with "new numbers" the next day or thereafter. If they aren't, they don't want your business bad enough-- go somewhere else.
, kidding ). Two things to avoid if all all possible, don't trade in and don't finance at the dealership. If you do both there,
You have a happy dealership.
07-25-2007, 08:14 AM
#23
Senior Member
Thread Starter
Join Date: 07-01-2006
Location: WiChita stationd, San Diego HoMe,
Posts: 298
After reading this i understand more, i didn't know our car was rental car and what i mean is the impala, focus etc....even cobalt. Also I understand about the first year being the hardest on the value dropping. I dont plan on trading in my car till about end of 2009, i got my car July 06 with the 0%apr. I am just scared at this rate they will want to give me like 6,000 by the end of 2009. After all i financed 24,000 with everthing i rolled over 700.00 from my last car and got a couple things and tax etc...I got the 72mos so i pay off 4,000 a year. so by the end of 09 i should owe 10,000 and would like to get at least 8-9,000 for it. I got it because of the gas, room, and insurance i came from a firebird and with a family now it wasn't an economic choice.
07-25-2007, 11:43 AM
#25
Senior Member
Join Date: 07-17-2006
Location: Dallas, GA
Posts: 6,052
That give them more opportunity to add to the price. When I bought mine, I financed $10K. I already had the $$$ from my credit union and knew the rates. When I purchased, they asked if I wanted to finance with them. I already had the loan secured, but it was not on my credit report until they got the paperwork from the dealer, so I asked them what it would be through them. They offered 1/2 percent lower, longer term, and the price was $25 a month higher.
For the life of me, I could not see where they added. But it was there, just added fee's. All the research I did prior to this purchase told me to not finance at the dealership. And I see why. Numbers may look good, but you gotta see the total.
Another situation, in Feb my mother (72 y/o) bought an 06 Cobalt LS. She at first financed via the dealership. She had a bad mark on her credit score, she already knew that was there. She went ahead and financed via the chevy dealership (that went through Chrysler she found out later
). After she got the car back home (bought in Augusta GA and she lives in Warner Robins GA), she took the paperwork to her CU and they gave her 3% less, same terms and she saved $50 a month.
For the life of me, I could not see where they added. But it was there, just added fee's. All the research I did prior to this purchase told me to not finance at the dealership. And I see why. Numbers may look good, but you gotta see the total.
Another situation, in Feb my mother (72 y/o) bought an 06 Cobalt LS. She at first financed via the dealership. She had a bad mark on her credit score, she already knew that was there. She went ahead and financed via the chevy dealership (that went through Chrysler she found out later
). After she got the car back home (bought in Augusta GA and she lives in Warner Robins GA), she took the paperwork to her CU and they gave her 3% less, same terms and she saved $50 a month.
07-25-2007, 11:55 AM
#26
Senior Member
Join Date: 06-22-2007
Location: Kenner Louisiana
Posts: 381
I plan to keep Wheelie for a LONG time, I'm aiming towards 10 years..More if I can...If Wheelie can top 13 years, I will be very impressed, because he would have beaten my '92 Toyota Corolla's life span.
07-25-2007, 12:21 PM
#27
Senior Member
Join Date: 05-23-2006
Location: Chandler, AZ
Posts: 1,082
That's just about our plan too, so we're not too concered about trade in value since we have no reason to trade right now. Ours will be 2 years old the end of August and we don't run the wheels off it. Has maybe 12,000 miles on it, and no serious problems to date.
So barring some disaster, we should still have it long, long after the payments are gone.
07-25-2007, 12:43 PM
#28
Senior Member
Join Date: 08-17-2006
Location: Ottawa, Ontario
Posts: 1,851
) and plan on driving it into the ground.
07-25-2007, 12:58 PM
#30
Senior Member
Join Date: 05-26-2007
Location: ...
Posts: 1,554
https://www.chevyhhr.net/forums/general-hhr-4/365-867-mile-ecotec-motor-8831/
post has details of an ecotec engine going 365,000 miles with no overhauls, etc.