Quote:
Originally Posted by Tcoat
YEP!
There are some other considerations that people may be missing (or ignoring).
HAs anybody actually received the money they were quoted? It is one thing to say "OH they are offering $XXXXX " after entering some info on a website but a totally different matter when you take in in and they only offer $YYYYY. There is no way they are going to give you retail prices.
The sites offering to buy are not likely nearly as hard up for used cars and they make it seem. At least twice a year I get an email telling me that my 2012 Lancer is in "huge demand and we will pay you top dollar for it RIGHT NOW!". I haven't even owned it for 7 years now and I really, really, really have a hard time believing that there are hoards of people beating on the dealership doors screaming they want one. The same applies to any new car dealership saying they are going to give you $20,000 trade in on your 2013. These are just methods to get you in the door and try and sell you a nice new SUV at full MSRP. Inflating the value of a used car for trade in purposes just to get you on the lot has existed since car dealerships started.
Of course people fall for these tactics all the time since it seems they think they have beat the system when really they were completely and totally taken in.
If you truly think you are going to get some spectacular deal just go onto any of the car sales websites for your area and see what they are asking for them at retail prices. If your "offer" is close to or higher than the asking retail prices then there is something shady going on.
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After reading all this about the value of our cars increasing, I decided to find out for myself. I went on Carvana, and filled out all the forms. I was given an appraisal of $19343.00 for my 2015 Scion FRS. It's got 40840 miles on it. It's an automatic. I told them that it had a door ding and a hood ding. No mods - no accidents. No lien. They asked for pics of the dings. They said someone would be out today to pick up the car and have a check for me. Derrick showed up, and after looking at the car said here's your check. While he was loading up my car, I went to the bank and deposited the check. It took less than 20 minutes! Carvana is real! I know you're going to ask what I will be buying - and you will be surprised. Details will be forthcoming.