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-   -   Have dealers been fair with Trade-in Value? (https://www.ft86club.com/forums/showthread.php?t=7317)

Kimsey47 05-31-2012 11:02 AM

Have dealers been fair with Trade-in Value?
 
I'll admit I didn't search for this topic already because I'm too excited knowing my car is ON ITS WAY! Should be here today/tomorrow! (Hoping tomorrow as it would work better for me...)

ANYWAY! I'm going to be trading in my current car and was wondering if any other BRZ buyers have had decent experiences on the value given for their trade in? I have a 2011 that is in good shape and I'm hoping that Kelly Blue Book is correct in the value I should expect... So, can anyone confirm/deny that dealers have been fair with trade in value? I'm scared that I'm going to get a crap offer and have to walk away after all this time of waiting! :cry:

WRXGuy1 05-31-2012 11:05 AM

I'm in the same boat as you, I have a 2011 Legacy with almost 34K miles on it. KBB is around $16,400 and the Subaru dealer I went to gave me a trade in value of $16,000 before any negotiating. However I went to Mazda and they offered $15,000... Are you trading in another Subaru, or a different make?

Oversteer 05-31-2012 11:06 AM

As a safeguard, I would go by a Carmax or similar and get a quote. If the dealer gives you a worse offer you can go sell it to carmax.

eikond 05-31-2012 11:12 AM

Quote:

Originally Posted by Kimsey47 (Post 233193)
I'll admit I didn't search for this topic already because I'm too excited knowing my car is ON ITS WAY! Should be here today/tomorrow! (Hoping tomorrow as it would work better for me...)

ANYWAY! I'm going to be trading in my current car and was wondering if any other BRZ buyers have had decent experiences on the value given for their trade in? I have a 2011 that is in good shape and I'm hoping that Kelly Blue Book is correct in the value I should expect... So, can anyone confirm/deny that dealers have been fair with trade in value? I'm scared that I'm going to get a crap offer and have to walk away after all this time of waiting! :cry:


You'll find that most dealerships evaluate trade-in value based on a combination of NADA black book values and Manheim auction records. KBB can be spotty.. sometimes accurate, but sometimes too high.

Remember that trade values can be negotiable as well. Competition is your best leverage, so as stated above.. try other dealerships to get a "buy price". Carmax is usually pretty solid.

Every trade in situation is unique, so asking what other people here have seen will most likely not be a good indication of what you should expect.

grst1 05-31-2012 11:17 AM

I got GTP value (guaranteed trade-in program from Subaru - you can get a value of their web-site) for my 2010 SE STI and was VERY happy. Given that in NJ you pay tax only on the price difference between trade-in and new car - we saved another $1900. There was NO way I could have sold it privately for "trade-in+$1900".

eikond 05-31-2012 11:31 AM

Quote:

Originally Posted by grst1 (Post 233217)
I got GTP value (guaranteed trade-in program from Subaru - you can get a value of their web-site) for my 2010 SE STI and was VERY happy. Given that in NJ you pay tax only on the price difference between trade-in and new car - we saved another $1900. There was NO way I could have sold it privately for "trade-in+$1900".


Good point.. If you have a late model used Subaru of which you are the original owner, you will get the GTP value if you trade it in at a Subaru dealership.. The GTP values are usually pretty good.

thill 05-31-2012 11:38 AM

Yes, it really depends on a number of factors, some of them being regional. I recently traded in a 6.5 year old used Mazda 3 and I was able to get the full KBB value with some negotiating, but those cars tend to sell well used and get good gas mileage which is something used car dealers want on their lots.

Used cars that are in demand, you should be able to get KBB value on your trade-in. What make and model do you have?

ubersoph 05-31-2012 11:41 AM

I got 18650 for a 2010 speed3 with 33k miles, nearly bald tires, and a door ding - so I think I've been doing alright with trade-in :)

neutron256 05-31-2012 11:45 AM

2011 CR-Z KBB is about $16.5k to $17k. Dealer offered my $15.5K. It sucks but I've been watching the local market and I know how hard it is going to be to sell around here. It's to new to sell as used. People figure why not just get a new one.

I'm going ahead with the trade in. I'll save about $1000 on taxes and not have the hassel of trying to sell it myself.

Mitchs_86 05-31-2012 12:02 PM

I've been trying to get my dealer to raise the trade in value before my BRZ comes in tuesday. Manheim doesn't always help for cars that are rare... We've come to an agreement that come monday I'm printing trade in values from KBB, NADA, and Edmunds. They are going to pull Manheim auctions (my model trim car hasn't been auctioned within the last year, so they've been telling me a trim lower than mine) and analyze from that point. It sucks for me because Saab only made 621 of my car. So I'm trying to argue up about $3,500 in value on trade...

WRXGuy1 05-31-2012 12:06 PM

Quote:

Originally Posted by grst1 (Post 233217)
I got GTP value (guaranteed trade-in program from Subaru - you can get a value of their web-site) for my 2010 SE STI and was VERY happy. Given that in NJ you pay tax only on the price difference between trade-in and new car - we saved another $1900. There was NO way I could have sold it privately for "trade-in+$1900".

It's a shame for people who drive a lot, because according to their website if you have a 2011 model car it can't have more than 15K miles, otherwise the GTP is not applicable, and I have 34K... :(

thill 05-31-2012 12:10 PM

Quote:

Originally Posted by WRXGuy1 (Post 233298)
It's a shame for people who drive a lot, because according to their website if you have a 2011 model car it can't have more than 15K miles, otherwise the GTP is not applicable, and I have 34K... :(

You drive a lot of miles :)

Your dealer seems to be giving you a very fair price considering the miles.

grst1 05-31-2012 12:14 PM

I just managed to get in myself. For 2010 they offer 30000 miles. I had 28600 at the moment of trade-in.

Quote:

Originally Posted by WRXGuy1 (Post 233298)
It's a shame for people who drive a lot, because according to their website if you have a 2011 model car it can't have more than 15K miles, otherwise the GTP is not applicable, and I have 34K... :(


Turbowned 05-31-2012 12:18 PM

Quote:

Originally Posted by WRXGuy1 (Post 233199)
I'm in the same boat as you, I have a 2011 Legacy with almost 34K miles on it. KBB is around $16,400 and the Subaru dealer I went to gave me a trade in value of $16,000 before any negotiating. However I went to Mazda and they offered $15,000... Are you trading in another Subaru, or a different make?

Keep in mind at Mazda they could have been discounting the Mazda more to show you more money on your trade... Often times a dealer will do this to make it look as though they're giving you a good trade-in value, when in reality they're just taking money off the top of their own car. This won't be the case with the BRZ because no one is discounting them, so the trade-ins may not look as good as if you go to say, Mazda with an MX-5 or Hyundai with a Genesis coupe.

neutron256 05-31-2012 12:21 PM

Quote:

Originally Posted by Mitchs_86 (Post 233295)
I've been trying to get my dealer to raise the trade in value before my BRZ comes in tuesday. Manheim doesn't always help for cars that are rare... We've come to an agreement that come monday I'm printing trade in values from KBB, NADA, and Edmunds. They are going to pull Manheim auctions (my model trim car hasn't been auctioned within the last year, so they've been telling me a trim lower than mine) and analyze from that point. It sucks for me because Saab only made 621 of my car. So I'm trying to argue up about $3,500 in value on trade...

A Saab? Yikes I would think most people would want to stay as far away from that as possible given it's now a completly defunct company.

Kimsey47 05-31-2012 12:28 PM

I've got a 2011 Kia Forte SX with tech package (Basically Fully Loaded)

thill 05-31-2012 12:40 PM

Quote:

Originally Posted by neutron256 (Post 233326)
A Saab? Yikes I would think most people would want to stay as far away from that as possible given it's now a completly defunct company.

Yeah, my father-in-law has a 2008 9-3 and he is not even sure he can get parts anymore. He is also looking to sell it, but is going to get fleeced so he may just keep it until something happens with Saab. It is actually a nice car, and he has owned nothing but Saab's for the last 30 years...

bimmerboy 05-31-2012 12:40 PM

selling a used saab and expecting a good trade in value is a bit of a reach don't you think?

Mitchs_86 05-31-2012 12:57 PM

In theory it's a Chevy Trailblazer SS, it's a 9-7x Aero (with the 6. litre LS2 V-8)

My dealer also sells collector cars on the side, so that's in my favor, but pricing it similar to a Trailblazer SS, its still under GM factor warrantee so we'll see!

neutron256 05-31-2012 01:02 PM

I know there was some company that was looking at acquiring the rights to manufacture replacement parts for Saabs, but I’m betting if that ever gets going it will fail before long too.

Turbowned 05-31-2012 01:09 PM

My advice to you: Sell the Saab privately or run it into the ground. You can still get parts for them, you just can't get them from a dealer anymore (why would you want to in the first place?) When the Saab dealers closed up shop, I'm sure they sold off their parts inventory to wholesalers. There must be places out there selling these parts off. There's still plenty of aftermarket support, too.

thill 05-31-2012 01:14 PM

Quote:

Originally Posted by Mitchs_86 (Post 233408)
In theory it's a Chevy Trailblazer SS, it's a 9-7x Aero (with the 6. litre LS2 V-8)

My dealer also sells collector cars on the side, so that's in my favor, but pricing it similar to a Trailblazer SS, its still under GM factor warrantee so we'll see!

That definitely helps you since it is basically using GM parts.

thill 05-31-2012 01:19 PM

Quote:

Originally Posted by Turbowned (Post 233434)
My advice to you: Sell the Saab privately or run it into the ground. You can still get parts for them, you just can't get them from a dealer anymore (why would you want to in the first place?) When the Saab dealers closed up shop, I'm sure they sold off their parts inventory to wholesalers. There must be places out there selling these parts off. There's still plenty of aftermarket support, too.

It is tricky. As you said, you can get parts as long as they were stocked and were in current inventory. All other parts are being held as part of the bankruptcy and cannot be acquired. My father-in-law has contacted several of his local trusted Saab mechanics concerning this and, truth be told, depending on what might fail on the car and what part he might need, the car could become a door stop. It is not a good situation at all, and it really devalued the hell out of what is a pretty good car. His biggest concern is going on a road trip and getting stuck in the middle of nowhere with the car. So now he only drives it local.

Kimsey47 05-31-2012 01:21 PM

Quote:

Originally Posted by Oversteer (Post 233201)
As a safeguard, I would go by a Carmax or similar and get a quote. If the dealer gives you a worse offer you can go sell it to carmax.

Hmm, I don't know think I'll have time but I was just told by the dealer (Subaru Dealer) that they're needing to fill their monthly quota. Thus they asked if I could complete the sale by today. I'm hoping this will play to my advantage!

NYC BRZ 05-31-2012 01:43 PM

$19500 with for my 08 G8 with accident in the car fax, 31k miles, and 2 nice half dollar sized dents in the quarter panel. Its a fair deal considering.

Turbowned 05-31-2012 01:47 PM

Quote:

Originally Posted by thill (Post 233445)
His biggest concern is going on a road trip and getting stuck in the middle of nowhere with the car. So now he only drives it local.

We drove my friend's 2000 9-3 for 6 hours to CT and back and on the way back, the shock tower rusted out, releasing the shock from the mount. It bounced around the wheel well for 2 hours on the way home. Sh*t was hilarious! Then later that year, the brake caliper... fell off on the highway! He had to use his handbrake to get home. ohhh, that Saab...

WRXGuy1 05-31-2012 01:54 PM

Quote:

Originally Posted by Turbowned (Post 233319)
Keep in mind at Mazda they could have been discounting the Mazda more to show you more money on your trade... Often times a dealer will do this to make it look as though they're giving you a good trade-in value, when in reality they're just taking money off the top of their own car. This won't be the case with the BRZ because no one is discounting them, so the trade-ins may not look as good as if you go to say, Mazda with an MX-5 or Hyundai with a Genesis coupe.

It was the opposite actually, Subaru was giving me $16,000 on my trade and $500 over invoice on a WRX with 2.9% financing, and Mazda was giving me only $15,000 for my trade for a MazdaSpeed3 at MSRP with 5.9% financing :paddle:

bimmerboy 05-31-2012 01:58 PM

Quote:

Originally Posted by Kimsey47 (Post 233451)
Hmm, I don't know think I'll have time but I was just told by the dealer (Subaru Dealer) that they're needing to fill their monthly quota. Thus they asked if I could complete the sale by today. I'm hoping this will play to my advantage!

Sounds like a tactic to get you to agree on a deal you are not 100% on, be cautious.

FLHC 05-31-2012 02:09 PM

Have you guys looked at the conditions within the GTP?

They seem rather extensive and rule out almost any car that isn't in absolutely perfect condition. Like the bottom says if your paint isn't perfect, you don't qualify for the GTP. Another says if you have ONE mismatched tire, you don't qualify for the GTP.




Quote:

Meeting any one of the following criteria will exclude the vehicle from the Guaranteed Trade-In Program
  • Vehicles that do not have a current registration, inspection or emission sticker, that cannot be legally registered as a passenger vehicle or that will not pass applicable state or federal safety or emissions inspection.
  • Vehicles previously used for racing, emergency vehicle applications or other extreme uses for which the vehicle was not designed.
  • Vehicles where the odometer/speedometer has been replaced, tampered with and/or is currently inoperative, or vehicles with an undocumented odometer change, falsified mileage accumulation, interrupted or limited odometer occurrence, or any vehicle whose true mileage cannot be determined.
  • Vehicles with any condition that would require disclosure at time of auction sale and/or on certificate of title, including but not limited to, frame damage, flood damage, or salvage vehicle.
  • Vehicles used for a purpose that requires a legal disclosure to sell, e.g. vehicles having been in rental service.
  • Vehicles with branded titles for "totaled", "salvage", "rebuilt", "Lemon Law", "flood", and/or "water damage" regardless of their repaired or service status or vehicles sold with wholesale or retail disclosures.
  • Vehicles that have been modified in such a way as to have either voided the original Subaru Warranty or to have taken the vehicle out of compliance with any applicable state or federal safety or emissions requirements.
  • Vehicles that have been altered from their original design specification in any manner. These alterations include, but are not limited to exhaust system, turbo or engine components, tire, wheel, suspension, powertrain performance, and aftermarket accessory installations, etc.
  • Vehicles that have been abused or neglected resulting in premature wear or damage or vehicles where it is evident that the recommended scheduled maintenance has not been performed as determined by an Authorized Subaru Dealer.
  • Vehicles that do not have four (4) undamaged matching tires with each one having at least 1/8-inch (4/32) tread at its lowest point.
  • Vehicles with engine drivetrain, or other mechanical, safety, or electrical parts that do not operate.
  • Vehicles with windows, windshield, lenses, or lights that are cracked or broken and need replacement.
  • Vehicles that have sustained structural or unibody damage as defined by industry standards whether repaired or un-repaired.
  • Vehicles with environmental or applied chemical damage to the finish such as hail, acid rain, etc.
  • Vehicles with existing, un-repaired collision damage.
  • Vehicles with previously repaired collision damage which required panel or part(s) replacement, including but not limited to, hood, fender, door, trunk lid, and/or quarter panel.
  • Vehicles with previously repaired paint damage which does not conform to OEM specifications, including but not limited to, non-matched paint, paint swirls, paint bubbles, paint flaking and/or paint contamination.

I have hood damage from some asshole hitting it (more like pounding it with his fist) in a college parking lot as well as minor fender scratches from people that don't know how to park. Guess I'm screwed.

Mitchs_86 05-31-2012 02:29 PM

Quote:

Originally Posted by Turbowned (Post 233499)
We drove my friend's 2000 9-3 for 6 hours to CT and back and on the way back, the shock tower rusted out, releasing the shock from the mount. It bounced around the wheel well for 2 hours on the way home. Sh*t was hilarious! Then later that year, the brake caliper... fell off on the highway! He had to use his handbrake to get home. ohhh, that Saab...

I haven't had a single issue with mine yet (85,xxx miles) but then again its 98% GM parts

Turbowned 05-31-2012 02:32 PM

Quote:

Originally Posted by Mitchs_86 (Post 233600)
but then again its 98% GM parts

You say that like it's a good thing...

thill 05-31-2012 02:33 PM

Quote:

Originally Posted by Turbowned (Post 233499)
We drove my friend's 2000 9-3 for 6 hours to CT and back and on the way back, the shock tower rusted out, releasing the shock from the mount. It bounced around the wheel well for 2 hours on the way home. Sh*t was hilarious! Then later that year, the brake caliper... fell off on the highway! He had to use his handbrake to get home. ohhh, that Saab...

Ahhh.. Using the handbrake to get home.. Been there and done that...

Almost had to change my pants a few times..

:confused0068:

BioRage 05-31-2012 02:34 PM

Dealers will never give you what you want,

in terms of fair, you need to understand that they have to re-sell the car after as well..

So they kind of low-ball you.

Personally it's better if you can to sell it privately, or as someone said, drive it till it's gone.

Afterall cars are always depreciating, except for vintage ones :)

thill 05-31-2012 02:37 PM

Quote:

Originally Posted by WRXGuy1 (Post 233513)
It was the opposite actually, Subaru was giving me $16,000 on my trade and $500 over invoice on a WRX with 2.9% financing, and Mazda was giving me only $15,000 for my trade for a MazdaSpeed3 at MSRP with 5.9% financing :paddle:

MSRP on a Speed3? Wow. I had two local dealers offer me $500 under invoice recently. And full KBB trade-in for my 6 year old Mazda 3. I came very close to doing the deal, but the Speed3 just was not for me.

Mitchs_86 05-31-2012 02:40 PM

Quote:

Originally Posted by Turbowned (Post 233605)
You say that like it's a good thing...

lol better than just Saab! :iono:

neutron256 05-31-2012 02:48 PM

Quote:

Originally Posted by BioRage (Post 233609)
Dealers will never give you what you want,

in terms of fair, you need to understand that they have to re-sell the car after as well..

So they kind of low-ball you.

Personally it's better if you can to sell it privately, or as someone said, drive it till it's gone.

Afterall cars are always depreciating, except for vintage ones :)

I've gotten fair trade in prices from dealers. The most important thing is to do you're own research so you know what your car is worth in your area (not just KBB), and know what your bottom line price is before you start negotiating. Then be ready to walk away without getting offended if they don't meet your price.

It's just a game, and people take it way to personally. Also people tend think their cars are worth more then they really are when you consider dealers need to make a profit.

That is not to say that many dealers aren't going to try and lowball you.

WRXGuy1 05-31-2012 03:15 PM

Quote:

Originally Posted by thill (Post 233614)
MSRP on a Speed3? Wow. I had two local dealers offer me $500 under invoice recently. And full KBB trade-in for my 6 year old Mazda 3. I came very close to doing the deal, but the Speed3 just was not for me.

I didn't negotiate at all, I was just laughing inside if they thought I was going to pay $550/mo. for a Speed3. I just wanted to test drive it :burnrubber:

Kimsey47 05-31-2012 04:29 PM

Sitting in the dealer.... Got what I calculated I'd Need to get for my car and hit it spot on!!! I have a DGM BRZ here in a few minutes!

Mitchs_86 05-31-2012 04:36 PM

Quote:

Originally Posted by Kimsey47 (Post 233828)
Sitting in the dealer.... Got what I calculated I'd Need to get for my car and hit it spot on!!! I have a DGM BRZ here in a few minutes!

Beyond jealous right now!!!

wu_dot_com 05-31-2012 05:29 PM

i got a independent trade in value by carmax.

guys at irvine subaru offer me the same thing carmax did without hassle.


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