thxbuff2001

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.

SamFromTX

2014 or 2015? How many miles?
I usually find the Black Book or NADA to be close (for cars that have been on the market a while), if you are talking about trading in a non-GT3 car.

ATXGT3

Are you asking about your existing vehicle? What is it?

I thought you have one that just got off the boat...please fill in the pieces so we can help.

thxbuff2001

Sorry for the confusion. My GT3 is in SD waiting for transport.
I have a car to trade. Seems like they are quoting me about 5-9k below asking price in Autotrader for my tradein.

I am ready to trade it in because I have other things in my life that I made a killing. I just want to know how much I a losing on a trade.

Bokke

Find a buyer and do an in-out! Shouldn't be that hard if you price it right!

ATXGT3

^^^ Bingo. In/out is key for taxes.

Dealer has you bent over right now with GT3 and you have a choice. I hope you discussed this with him before? If not don't let him screw you.

thxbuff2001

I looked at NADA and BLackbook, what a big difference. NADA is like autotrader prices while Blackbook is dealer prices.

thxbuff2001

Whats In and out?

Thats what I feel a little bit. Since the car is here now is like take or leave it.

ATXGT3

In/out is when you have the dealer handle the transaction for you with a third party (someone who wants your car) and they can apply those dollars against your tax allocation (i.e. deduct that 6.25% in Texas).

thxbuff2001

I have not done that before and another dealer mentioned that before. I may try this next week or so. My Car is expected in the dealership around the 15th. I have a week to come up something.

Otherwise, I may have to hold off buying another 4k TV for 1 year.

ATXGT3

What is the trade???

Z356

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
.

thxbuff2001

You are probably right. Thats why I almost do not trade any of my cars. And I did not plan on trading this but my wife is telling me I(we) have too many cars already. I know she is right but that is why I have too many cars, I do not trade cars.

doubleurx

Not in CA. We pay full taxes on the purchase.

ATXGT3

That's another reason I live in Texas