trade in value?
#1
Three Wheelin'
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trade in value?
I hate to say it but I'm looking at getting a different car and it would be alot easier to trade my 951 in then to wait for it to sell and hope the car I want isn't gone....
Anyone that's traded in a past 944:
What can I expect to get for my car? It's a 1986 944 Turbo with 130,XXX miles. Crystal Emerald Green with gold centered Fuchs. Vitesse Racing MAF, injectors and chips, 3" exhaust, Zietronix, MBC. Recent maintenance includes S&R sensors, waterpumps, belts, rollers, AC.
In one way it doesn't matter; I've decided how much more I'm willing to pay for the next car. So, whatever they offer me, if the difference is more then that amount I just walk away. (easier said then done)
BTW: KBB only goes back to 1990 and they only say to expect around $3400 for my car (if it were a 1990 S2).
For the moderators: This is not a for sale ad, and I have no desire to sell the car online. If I'm breaking any rules please kindly let me know.
Anyone that's traded in a past 944:
What can I expect to get for my car? It's a 1986 944 Turbo with 130,XXX miles. Crystal Emerald Green with gold centered Fuchs. Vitesse Racing MAF, injectors and chips, 3" exhaust, Zietronix, MBC. Recent maintenance includes S&R sensors, waterpumps, belts, rollers, AC.
In one way it doesn't matter; I've decided how much more I'm willing to pay for the next car. So, whatever they offer me, if the difference is more then that amount I just walk away. (easier said then done)
BTW: KBB only goes back to 1990 and they only say to expect around $3400 for my car (if it were a 1990 S2).
For the moderators: This is not a for sale ad, and I have no desire to sell the car online. If I'm breaking any rules please kindly let me know.
#2
Three Wheelin'
Join Date: Jul 2009
Location: Hawkinsville / Perry, Georgia, RETIRED USAF GO BLUE
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Any Dealership is going to rape you. They all use a black book 2 notches below lowest wholesale. I would try and sell it yourself for a couple of weeks first. Best of luck.
Cheers,
Larry
Cheers,
Larry
#3
Rennlist Member
You won't get more than $1500. They'll look at 2 things: the year, and if it's in showroom (excellent) condition. Anything that old that isn't "museum quality" is just considered a pile of bolts to a dealership.
#4
Rennlist Member
P.S. If you don't want the hassle of selling is, donate it to your favorite charity and use the blue book $3400 value you listed above as a tax deduction.
#5
Someone I know recently went to a dealer with a 944 for trade in. The Salesman chuckled at the idea of even taking the car. He said he could take it but was genuinely afraid to insult the potential buyer with an abysmal trade in value.
#7
I'm guessing here that the op is not in that high of a bracket or he would just keep the car as a toy. Either way its better to take a low ball trade in than donate it.
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#10
Addict
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I understand the donation tax trick is no longer viable. If you want to claim more than $500 value you have to wait for the charity to sell your car on and then provide you with the selling price, which you then get to claim. So if you donate it and it gets sold on for $3000 you get to claim $3000 deduction and net maybe a grand, if that. Unless your car is nearly worthless it's no longer a good deal.
http://www.bankrate.com/finance/mone...charity-1.aspx
"For example, you donate your old station wagon that's worth $1,000. Under the old rules, that would be the amount you could deduct. But now, if the charity turns around and sells your donation for $800, your deduction is limited to the lower sales price.
The charity must give you substantiation of the IRS-allowed donation amount within 30 days of when you turn your car over to the charity or, if the group sells the auto, within 30 days of the vehicle's sale."
IMO selling it on CL for $1k-$2k under market is more realistic than trading it in and getting anything for it.
-Joel.
http://www.bankrate.com/finance/mone...charity-1.aspx
"For example, you donate your old station wagon that's worth $1,000. Under the old rules, that would be the amount you could deduct. But now, if the charity turns around and sells your donation for $800, your deduction is limited to the lower sales price.
The charity must give you substantiation of the IRS-allowed donation amount within 30 days of when you turn your car over to the charity or, if the group sells the auto, within 30 days of the vehicle's sale."
IMO selling it on CL for $1k-$2k under market is more realistic than trading it in and getting anything for it.
-Joel.
Last edited by Jfrahm; 08-26-2010 at 02:24 PM.
#11
Race Director
You could sell it in days for 4000. There was a red 87 FS in NH a few weeks back that had a MAF, exhaust, suspension, pauer tuning DBB turbo etc that was listed at 4300 and was sold the same day I called...
#12
Hey Man
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He would be better selling it direct or put it on consignment with one of the many brokers out there. The dealer will give you the price of used chewing gum and no more.
#14
Three Wheelin'
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Sounds like I better wait to sell it! Though, I guess it can't hurt anything to try the trade-in approach and walk away if they can't meet my price difference.
#15
Allow some guy in Nigeria to sell and then use the money to invest in phishing scams in the US
Point being, that is just as insane as the idea of trading it in.
never trade in a vehicle, you always loss lost of $$ and never a car that has a higher value to enthusiast and automotive circles.
Point being, that is just as insane as the idea of trading it in.
never trade in a vehicle, you always loss lost of $$ and never a car that has a higher value to enthusiast and automotive circles.