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Old 03-09-2018, 08:49 AM   #60
lbls1


 
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Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ
Join Date: Dec 2010
Location: Queens, NY
Posts: 4,050
It does sound very low. It depends on how many miles, accidents, condition etc. If the car had excessive miles (75,000 and up) and you have had at least one accident, then I can see the dealer giving you that offer. Dealers base their numbers on the profit they will want to get on your car. You should figure that the dealer will want to double the money they offer you to buy it. So go figure if they gave you 9k, then they'll probably sell it at 18-20k depending on whether they think they can generate traffic on it. Dealers rarely lose out on sales; Remember they are in this business full time, so they will know what they can offer and what they can get away with.

The benefit to you is that you rid yourself of a car without the labor of selling it yourself, along with the expense of maintaining it while you look for a buyer, and of course the aggravation of having an extra car. You have to do a little homework before trading in, and analyze what the car is worth and what is the lowest you would accept for it. It would be folly to trade a $25,000 car for $8k or 9k, so analyze the situation. I would at least shop around and see if you can get a better offer, and if you can't get a better trade in deal then consider either selling the car yourself or keeping it longer.
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'02 CAMARO SS SOM; 5.7L LS1/FLS6B
'08 TBSS AWD Black Granite Metallic
'15 Malibu LTZ 2LZ Turbo

'14 CAMARO ZL1 Blue Ray Metallic
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