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Smart Shopper Got a Quick Question for a Car Dealer?
2396 messages, Last post on Dec 08, 2009 at 1:04 PM
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Replying to: fandiguy (Sep 30, 2008 9:05 am) |
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Replying to: volvomax (Sep 30, 2008 7:20 am) If Edmunds is fictitious then KBB and NADA values must be outright lies as they are usually a lot higher. So what's a consumer to do, just trust that the car salesman is looking out for your best interest and take his word on values? I'm serious, there must be some better way to tell if you are being clubbed. Otherwise salespeople think the consumer is being a grinder and the consumer thinks the salespeople are trying to cheat him. 
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Replying to: oldfarmer50 (Sep 30, 2008 9:49 am) |
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That the various "books" can't keep up with. Auction results reflect what dealers are actually paying for cars and even then we can miss. If it says that 2003 Ford Explorers are going through the block at 6000-6500 and we pay that much for one as a trade in and still have it sitting here three months later after spending 1000.00 in recon, we have missed, big time.
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Replying to: oldfarmer50 (Sep 30, 2008 9:49 am) Neither of which is available to the consumer. Problem is, there is no way to definitively state used car value. A trade is only worth what someone is willing to pay for it at a given time. Even using Manheim and Black Book a dealer can still overpay for a trade or used car. Happens all the time. |
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Replying to: volvomax (Sep 30, 2008 10:27 am) We want to make a sale so we take a deep breath and pay more for the trade than we really want to. As an example, I'll tell a story about a Volvo I took in a couple of years ago. No offense to my friend Volvomax, but Volvos can be quirky and this one was no exception. It was an S-80 and it looked and seemed to run fine. Miles were about average as I recall and it was a bad color. The couple trading it in waved reams of printouts in our faces and threatened to walk out. We couldn't get ahold of the Volvo store for a buy bid. We made the sale. Well, this lovely Volvo needed brakes, rotors and a lot of other expensive items. The airbag light AND the ABS light decided to light up a couple of days after we took it in. We sent it to the local Volvo dealer and we ended up with a bill over 3000.00 for make everything right. After about a month, it had to constantly be jump started. Oops, the battery and alternator both needed to be replaced and NOTHING is inexpensive to replace on a Volvo. The color turned off any potential buyers so three months later we took it to the auction and lost thousands of dollars.
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Replying to: isellhondas (Sep 30, 2008 10:38 am) Esp today w/ the U/C market in such turmoil. |
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Replying to: isellhondas (Sep 30, 2008 10:26 am) do with NADA, Kelly, Edmunds? How do we determine the value of the vehicle that we own and what to sell to a friend ? I f we use anything other than the Black Book, then we really don't know a true/honest asking price. Just curious 
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Replying to: stickyman (Sep 30, 2008 10:53 am) c'mon stickyman. Would you really sell your car to anyone for thousands less than what you wanted for it just because a (insert color here) book told you that's what it's worth?
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Replying to: stickyman (Sep 30, 2008 10:53 am)
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