Quote:
Originally Posted by Mr_Draco
Barry have you actually sat down and done the math?
At $34,000 MSRP you lose 20% just by buying the car which is $6,800 that reduces it's worth to $27,200. Now as a general rule of thumb, dealers (this applies to used car salesman as well) will only offer you at most 75% of a cars worth, they are a business and they are in it to make money, not lose it. On your car, that means that the MOST you can EXPECT to get from a dealer is $20,400. Doesn't mean you won't find a dealer who will offer more but such a deal will be VERY rare. The most I've seen a salesman do is 80% of a cars worth (and fyi he went out of business 2 months ago in part to his practices such as this as well as the bad market) which on your car is $21,760. Anything above this your pretty much guaranteed to never get unless you sell the car yourself.
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Can't believe how true your statement is, we just traded in our vehicle for $7500 and I just saw online a few mins. ago that the dealer has it listed for $10129. That's exactly 25% more than what they gave me for it plus their $129 doc. fee that they threw in the paperwork while we were signing papers.
