Dealers marking up to make it look like they're giving you more for your trade? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Jason@JacFab · 05-22-2010, 06:45 PM

This just hit me today... I was down at my dealer yesterday getting the car washed. Every single Camaro down there has a 5k dealer mark up, v6, v8, you name it!

I didn't think about it at the time, but when I traded my car in in was in fair to good condition at best. Had a couple paint and rust issues, etc. KBB says my car was 20,500 fair, and 22,700 good, I figured 21k for trade in.

I tried to talk them out of the 5k mark up, but being upside down in my trade, when they told me they were going to give me 26k for my trade I figued, "Well, that kinda cancels out the markup doesn't it?"...

Anyone else experience this?

RPO_Z28 · 05-25-2010, 10:59 AM

Looks like the raised the price of the car AND your trade to show the bank a wash on your cars value vs. what you may have owed on it. Pretty common.

ChevyManNate · 05-25-2010, 11:07 AM

Most dealers will take the markup off if you just tell them "No Thanks, I'm going to take my business elsewhere." And do some research and drop the name of another dealer with 50 miles that does not mark up their vehicles.

05-22-2010, 06:45 PM	#1
Jason@JacFab Drives: 2016 1LT RS Camaro; 72 Chevelle Join Date: Apr 2008 Location: Central Point, OR Posts: 5,688 View My Garage	Dealers marking up to make it look like they're giving you more for your trade? This just hit me today... I was down at my dealer yesterday getting the car washed. Every single Camaro down there has a 5k dealer mark up, v6, v8, you name it! I didn't think about it at the time, but when I traded my car in in was in fair to good condition at best. Had a couple paint and rust issues, etc. KBB says my car was 20,500 fair, and 22,700 good, I figured 21k for trade in. I tried to talk them out of the 5k mark up, but being upside down in my trade, when they told me they were going to give me 26k for my trade I figued, "Well, that kinda cancels out the markup doesn't it?"... Anyone else experience this?

05-25-2010, 10:59 AM	#2
RPO_Z28 Drives: 2007 C6Z Join Date: Jan 2009 Location: RVC, New York Posts: 1,748	Looks like the raised the price of the car AND your trade to show the bank a wash on your cars value vs. what you may have owed on it. Pretty common. __________________

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05-25-2010, 11:07 AM	#3
ChevyManNate Drives: 2010 Camaro 2LT/RS Rally Yellow Join Date: Mar 2010 Location: Atlanta, GA Posts: 25	Most dealers will take the markup off if you just tell them "No Thanks, I'm going to take my business elsewhere." And do some research and drop the name of another dealer with 50 miles that does not mark up their vehicles.