"Stapleface-Now Hyphenated!" (patrickgruden)
04/12/2020 at 15:18 • Filed to: None
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"Stapleface-Now Hyphenated!" (patrickgruden)
04/12/2020 at 15:18 • Filed to: None | 1
| 7 |
Most of the dealers around me use the black book for trade in values. I’ve gotten a price which I think is correct for the black book from CR, but was curious if it was actually accurate. Car in question is a 2015 Civic SE with 73k on it, black in color.
WasGTIthenGTOthenNOVAnowbacktoGTI
> Stapleface-Now Hyphenated!
04/12/2020 at 15:50 |
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The dealer I worked at used KBB dealer trade in. Just be realistic when talking about the condition of the vehicle. O nly 1% of trade ins are excellent quality, as it’s a way of saying there is literally no distinction from when it was new . The VAST majority fall between good and fair. ANY rust at all will automatically put it in the Fair condition.
Most people are caught off guard when it comes to the value of their car when it comes to trade in.
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Stapleface-Now Hyphenated!
> WasGTIthenGTOthenNOVAnowbacktoGTI
04/12/2020 at 16:01 |
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Black Book had three tiers, excellent, average, and rough. My car is at least average (going by their definition), and I was given a sight unseen estimate by a dealer of $1,500 below the rough price. I'll see what they say when I take the car in tomorrow. I'll have some words for them if that value doesn't go way up.
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WasGTIthenGTOthenNOVAnowbacktoGTI
> Stapleface-Now Hyphenated!
04/12/2020 at 16:40 |
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Is it a dealer that has interest in having your type of car? They aren’t going to have a strong offer if they don’t want it. Also, if there are any obvious repairs that need to be made, the value automatically tanks.
They are also looking at real time local auction prices to know what they can get out of it if no one wants to buy it off their lot.
People get awfully offended by low offers. You can’t look at it that way, i t is a purely business decision on the part of the dealer.
thatsmr
> Stapleface-Now Hyphenated!
04/12/2020 at 16:43 |
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Usually Mannheim (auction) is low and NADA is high. Kelley falls in the middle. Never heard in 8 years anyone caring what black book or edmunds thinks about your trade. Most stores can do a full market analysis on your vehicle taking all including potential retail into consideration, then wonder if you need tires, brakes, a windshield, bumper resprays/bodywork.....any accident history? Want a dose of reality, go to a carmax
Under_Score
> thatsmr
04/12/2020 at 16:58 |
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CarMax offered me $5,500 for my 2012 Toyota RAV4 Limited with 101,000 miles. It had two accidents (one of which was said to be “airbag deployment,” even though that didn’t happen). That offer seemed kind of shady.
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Stapleface-Now Hyphenated!
> WasGTIthenGTOthenNOVAnowbacktoGTI
04/12/2020 at 17:48 |
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3.5 k below average book for a trade in is insulting no matter how you put it though. When a similar car with similar miles is selling for 150% more than their offer, I consider that a low-ball offer. I get that the dealership has to make money, and I expect to not get top dollar because of that. But there has to be some middle ground.
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Stapleface-Now Hyphenated!
> thatsmr
04/12/2020 at 18:02 |
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Every dealership in this area uses Black Book as their Bible.
No accidents, no resprays, all glass good, tires replaced 15k ago, brakes are good.
It’s a VW dealership, and I would be trading in a Civic. I would say it isn’t a stretch to think it’s a car that they couldn’t sell.