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Buying New vs. Used Vehicles

121 messages,  Last post on Apr 01, 2009 at 6:26 AM

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What is this discussion about? Car Buying


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#95 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [isellhondas] by jeffparker
Jan 06, 2008 (12:00 am)
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Replying to: isellhondas (Jan 05, 2008 1:18 pm)

kbb.com
#96 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [jeffparker] by cccompson
Jan 06, 2008 (7:46 am)
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Replying to: jeffparker (Jan 05, 2008 11:59 pm)

The problem, jeffparker, is that KBB doesn't buy or sell cars and, in most cases, their numbers don't reflect reality.
 
I would be surprised (indeed, shocked) if actual trade value of an 80K '99 Passat exceeded 5K.
 
You might try posting it over on the Real World Trade-in Value thread.
#97 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [cccompson] by jeffparker
Jan 06, 2008 (8:58 am)
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Replying to: cccompson (Jan 06, 2008 7:46 am)

cc - trading in will be my last resort. I'm planning a private sale.
#98 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [jeffparker] by exb0
Jan 06, 2008 (9:57 am)
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Replying to: jeffparker (Jan 06, 2008 8:58 am)

jeffparker, to answer your original question, if you can unload your '99 Passat that requires 2K in repairs for 8-9K, then do it. It will be the best investment you will ever make. Please keep us posted.
#99 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [jeffparker] by isellhondas
Jan 06, 2008 (10:45 am)
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Replying to: jeffparker (Jan 05, 2008 11:59 pm)

Well, good luck trying to get what Mr. Kelly is telling you.
 
KBB numbers are usually high and any reconditioning needs have to be deducted from whatever those numbers are.
 
People tend to be afraid of Volkswagens that are getting up there on miles and for good reason.
#100 of 121
FYI for jeffparker... by greenmax
Jan 06, 2008 (6:19 pm)
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2 VWs I took on a trade this week, not exactly what you have but should give you the general trade range:
 
1. 2002 VW Passat GLS with 68k (decent shape, needs a windshield) $5500
2. 2000 VW Jetta GLX with 56k miles (very clean) $3500
 
Both were well behind KBB trade-in and if I were the customer I would have sold them privately.
#101 of 121
Re: FYI for jeffparker... [greenmax] by colloquor
Jan 07, 2008 (7:16 am)
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Replying to: greenmax (Jan 06, 2008 6:19 pm)

Some advice from an ex-car salesman . . . always sell your car privately, you will realize much more profit than by trading it in. I've never traded in a car in over 40 years of driving.
 
Remember, for the new car or used car dealership, there is more profit per unit in selling a used car, than a new one. And, the salespersons love it too, as there is a higher sales commission on a used car than a new one.
 
Bottom line . . . don't trade it in, sell it yourself. It's not that difficult, especially with all of the online venues today.
#102 of 121
Re: FYI for jeffparker... [colloquor] by isellhondas
Jan 07, 2008 (7:25 am)
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Replying to: colloquor (Jan 07, 2008 7:16 am)

Except...
 
There is risk involved in selling your own used cars.
 
Some people feel uncomfortable having strangers come to their door.
 
Also in states that allow a sales tax credit on the value of the trade in, it just might not be worth the time and trouble.
#103 of 121
Re: FYI for jeffparker... [colloquor] by jeffparker
Jan 07, 2008 (10:05 am)
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Replying to: colloquor (Jan 07, 2008 7:16 am)

Thanks colloquor! That's what I plan on doing. I will sift through the phone calls/emails and try to get the most desirable person to deal with. I'll probably set up meetings/test drives a mile or 2 from where I live so that I don't have to have strangers coming to my door step.
 
BTW, I have already sold a car this way in the past - about 2 years ago - sold a used Corolla to a very nice young couple. Went about as smoothly as you could imagine.
#104 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [exb0] by jeffparker
Jan 07, 2008 (10:16 am)
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Replying to: exb0 (Jan 06, 2008 9:57 am)

Okay ..... I'm now about 90% sure that I'm going to fork over the $2000 and get my POS VW fixed and keep my fingers crossed that nothing happens over the next 3-5 years. I've been wrestling with this whole idea of buying an 06/07 Lexus GS for 38k vs. keeing my POS....... At this point, I'm not exactly salivating at the thought of coming up with 38k....
 
Quite honestly, the POS is a nice looking car and looks pretty sporty for a 1999 sedan.

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