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Car Buying, Car Selling
#2973 of 3219 Re: GTI Detail [sfukr]
Jun 14, 2012 (7:30 pm)
Thanks for your responses. Holding out for a 4 door is smart. Even though I don't carry passengers in back, a 2 door is so inconvenient in accessing cargo. Don't know about the DSG as I have heard good and bad but I have been very happy with the stick shift as it shifts very smoothly and quickly.
Business in general in the Phoenix area is slow right now, so maybe its just that. Also it could be that my description is too detailed, I'll try amending it and see what happens. Also it is priced at below even the Edmunds PP price, so maybe that makes buyers suspicious.
#2974 of 3219 Re: sales tax w/trade-in (new jersey) [rickhassold]
Jun 15, 2012 (4:36 am)
There is a tax benefit from trading in a car leased in Maryland when buying a new car in Maryland. That is because, as you implied, full tax was paid on the leased vehicle. I did this on my last purchase and saved about $1,200 in taxes over what I would have paid if I had turned the leased vehicle into the dealer as a lease return. I lost about $200 on the trade value over what was owed but the net was a savings of $1,000.
#2975 of 3219 Re: GTI Detail [wordsworth]
Jun 15, 2012 (6:40 am)
well, price seems reasonable. I think your description is fine. I, however, would be asking you if you've changed or at least had the fuel pump cam follower inspected yet. But that's me.
I see it has only had 62 views. Negating your own and several from this board, that's maybe 50 people looked at it. Not alot at this point. How long has it been up there?
Like I said, I think this is a matter of the car's value. It is much much tougher to sell 5-digit cars private party. Most people are too lazy to go get their own financing, etc. A dealership offers taking care of everything right then and there for you, and that's a tough to compete with. You just have to be patient.
If you haven't already, I would also list it on Craigs, as well as the free Ebay classifieds.
Did you see what the Autotrader instant offer is on it? I'm curious. I would guess around $13k, but you never know.
#2976 of 3219 Re: GTI Detail [qbrozen]
by kirstie_h HOST
Jun 15, 2012 (8:25 am)
Might also want to swing by Carmax and see what they offer. Seems like a good vehicle for them - used but not too used, low mileage. Probably worth the 20 minutes it'd take.
#2977 of 3219 Re: GTI Detail [wordsworth]
by Mr_Shiftright HOST
Jun 15, 2012 (9:42 am)
I did an "average price check" on Autotrader and you're below that. Yes, I would delete some of the info, even consider raising the price to $14995 (that way, anyone searching under $15K will still see it) "or best offer".
I wonder, too, if your zip code isn't the right place for this type of car.
As others have stated, your price point is tricky, because most people can't write a check for that amount, and getting a loan on a used car can be harder than for a new car.
#2978 of 3219 Re: GTI Detail [Mr_Shiftright]
Jun 15, 2012 (9:49 pm)
I had not thought about zip code and did not even realize that AT did a "buy it directly" program. I logged onto it, and when I put in my zip code that was the end of it, so I put in my office zip code (about 30 miles away) and I received a "pending offer" response. Strange, as I live in an upscale neighborhood and my office is located in quite the opposite.
#2979 of 3219 trading in a car that i owe money on
Jul 30, 2012 (7:03 am)
i would like to trade in my 2009 hyundai elantra that has 29K mileage & i currently owe $7,900. i was told that if i trade in this car w/a balance, that the dealer will add my current loan to my loan of my new car? is this correct/
#2980 of 3219 Re: trading in a car that i owe money on [padoodie]
by kirstie_h HOST
Jul 30, 2012 (7:29 am)
Not necessarily true. If you trade in your Elantra, and it is worth MORE than $7,900, then your loan is paid off. It is like selling the car privately - if you sold it for $7,900, then used that money to pay off your loan, your loan balance would be $0. You are basically selling your Elantra to the dealership.
If your car is worth LESS than $7,900, then the difference between $7,900 and what you get for it would be added to your new loan. For example, if you traded it in for $6,900, you would have to either pay $1,000, or have it added to your new car loan.
#2981 of 3219 GAP insurance on a leased car
Jul 31, 2012 (2:09 am)
hello. is GAP insurance available on leased cars? I have always financed my cars and purchased GAP insurance. What happens if a car is leased and the car is totalled?
#2982 of 3219 Re: GAP insurance on a leased car [padoodie]
by Mr_Shiftright HOST
Jul 31, 2012 (9:36 am)
short answer---yes, you can get GAP insurance on a lease and in fact, it is often required by the leasing company.
You can find this information right here on the Edmunds site:
GAP INSURANCE--HOW IT IMPACTS YOUR CAR LOAN