Topic: trade-in vehicle question

[Cord]

I'm also trying to sell one privately (www.digital-sky.ca/sky/ml320e) and am setting the price around the prices I found for similar models online.  Not many responses though.  If I don't get much more than what dealers offer for a trade-in, i might not bother with private...

Typically, you either have to wait longer or sell for a lower price. Fast sale and high price usually don't go together. Want more response? Then price yours lower than everyone else.

Also, don't forget the tax issues that were mentioned earlier. Getting $20,000 from the dealer is the same as getting $22600 privately (assuming 13% tax rate).

[kc567]

It's the Protege ES GT (GT pkg is the psunroof, spoiler, 16" alloy wheels) automatic with AC. On trader.ca similar cars are listed @$10K in Halifax.
http://canadatrader.com/result/detailinfo.aspx?ID=26472949&pgno=2&srt=1
is at the high end.
I think I'll try it on the private market for around $10K and see how it goes.
[/quote]

Nohup, its always a good idea to sell privately ,,,,, you almost always come out ahead.

When you get your Black book value it will give you a range ,,,,, the highest value is the most the dealer wants to pay for a vehicle in top shape ,,,,, that gives them room to turn it a profit. They usually start at the bottom of the Black book range to gouge you as much as possible. When you get more on the trade than Black book it means their discounting your new car by that much.

If you go to a library you can also get the Red book value for your model …. this is closer to the real “selling” value, although most people try to sell for more in the autotrader ,,,,, why not, a car is worth what you sell it for.

Just don’t for get the TAX issue. If you can trade it for $7000 then you must be able to sell it for  $7000 + 14% + the cost of advertising it  + the cost to safety it ,,,,,, if you sell it for less you are losing in the deal.

As for discounting off the new vehicle ,,,,,, depends big time on the model, how many dealers they’re  are in the city (lots is better) , the invoice price and how patient you are trying to make the deal. Jerk them around for a couple of weeks then get serious near the end of any month. You’ll get the best movement off MSRP then.

I agree with “articsteve” on the TAX included in the trade is BS comment ,,,,,, I don’t recall seeing that tactic in 15 plus car purchases I have made at dealers. They should mention it to you but not make it look like they’re giving you that much …. I would put them last on your list.

KC