Trade IN Value
02-28-2015 | 10:50 PM
#16
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From: Truckee
02-28-2015 | 10:57 PM
#17
Banned
Joined: Dec 2014
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From: Sticks
But yes, at the end of the day it's all a wash one way or another.
02-28-2015 | 11:02 PM
#18
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From: Truckee
03-01-2015 | 02:35 AM
#19
Racer
Joined: Aug 2009
Posts: 355
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Most dealers will give you wholesale price. The latter is usually determined by first looking at Manheim recent auction sales (MMR reports) for the vehicle in question and then subtracting thousands to insure themselves they'll be 'whole' if they have to auction it (ship it off to one of the auction sites, etc). So the term it's usually 'X thousands in back of Manheim'. I have no love for dealers...but it's a business. Buy low & try to sell high. As for Autotrader, NADA, Kelly Blue Book or CarGurus estimated values, these are NOT what most dealers will consult before quoting you a price for your trade. My dos centavos, for what it's worth.
Saludos,
Eduardo
Carmel
.
Saludos,
Eduardo
Carmel
.
What's the trade? Maybe you can get the Manheim values if you give year, make, model and mileage.
03-01-2015 | 09:54 AM
#21
Race Director
Joined: Nov 2009
Posts: 10,594
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From: THE Republic
what would be the best way to estimate trade in value? How much difference would you allow if the dealer is not exactly giving you your expected value?
I have my numbers already and ready to trade my car but I would like to see how much I have been suckered by my stealer.
I have my numbers already and ready to trade my car but I would like to see how much I have been suckered by my stealer.
03-01-2015 | 09:59 AM
#23
Race Car
Joined: Feb 2014
Posts: 3,530
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From: New York
That's a pretty sweet deal, I pay $42k/year property taxes. AMT makes sure I don't get the value of the deduction either...
03-01-2015 | 11:06 AM
#25
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Joined: Mar 2009
Posts: 780
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From: orange county, CA
In CA prop 13 is only really helpful if you have owned your home a long time and it's appreciated a lot. Base Propery tax rate is 1% and can be higher in other areas (1.2% where I live), but they can only raise your taxes a small amount per year ( I think 2%). So if you bought a home more recently and paid closer to market value, it's a lot more money! Plus the high cost of homes, high state income tax (> 10%), having no tax offset on new car when trading in a car, etc
At least we can drive our cars year round in mostly sunny weather!
At least we can drive our cars year round in mostly sunny weather!
03-01-2015 | 11:08 AM
#26
Banned
Joined: Dec 2014
Posts: 1,621
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From: Sticks
In CA prop 13 is only really helpful if you have owned your home a long time and it's appreciated a lot. Base Propery tax rate is 1% and can be higher in other areas (1.2% where I live), but they can only raise your taxes a small amount per year ( I think 2%). So if you bought a home more recently and paid closer to market value, it's a lot more money! Plus the high cost of homes, high state income tax (> 10%), having no tax offset on new car when trading in a car, etc
At least we can drive our cars year round in mostly sunny weather!
At least we can drive our cars year round in mostly sunny weather!
03-01-2015 | 11:43 AM
#27
Race Car
Joined: Aug 2014
Posts: 3,634
Likes: 546
From: Cali
Am I lost or did the OP still not tell us the details?.....car to trade?.....value given?....it sounds as though this is something that should have been worked out before ordering the GT3.....the dealer has a car you badly want and knows he can sell if you bail....more info would help.....
03-01-2015 | 12:20 PM
#29
Advanced
Joined: Mar 2014
Posts: 85
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Am I lost or did the OP still not tell us the details?.....car to trade?.....value given?....it sounds as though this is something that should have been worked out before ordering the GT3.....the dealer has a car you badly want and knows he can sell if you bail....more info would help.....
03-01-2015 | 12:25 PM
#30
Racer
Joined: Dec 2014
Posts: 297
Likes: 760
From: THE Orange County
Based on a 5-9k valuation, once can assume its an older car with higher miles... but if its clean Carmax is a good start for a decent offer in most cases... The dealer will low ball the trade because its not a keeper on their lot (Porsche dealer for sure wont house 5-9k used cars) and they will have to wholesale it out.