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how much do dealers give you on trade in

 
Old 01-15-2018, 02:01 PM
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kage65
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Default how much do dealers give you on trade in

Just trying to get an idea of total cost. On a car like this one
https://www.cargurus.com/Cars/invent...ting=195265747
if you drove for it for lets say two years and put maybe 10k miles on it, how much could you expect a dealer to give you for it at that time , if it is not a trade in ( just selling it and not buying another car from them)
2) How much will the dealer then mark it up when they sell it again?

Tks
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Old 01-15-2018, 02:13 PM
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LexVan
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It would help if you posted a copy of your W2 to give you the most accurate answer. Full disclosure and all.
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Old 01-15-2018, 02:21 PM
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STG
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Originally Posted by kage65
Just trying to get an idea of total cost. On a car like this one
https://www.cargurus.com/Cars/invent...ting=195265747
if you drove for it for lets say two years and put maybe 10k miles on it, how much could you expect a dealer to give you for it at that time , if it is not a trade in ( just selling it and not buying another car from them)
2) How much will the dealer then mark it up when they sell it again?

Tks

Just a quick guess, you'll lose at least $25K by having a dealer buying it outright under your scenario. Plus sales tax loss.

What they will then mark it up to?? Who knows. Maybe list for upper $60K's?

Hard to worry and guess about all these things.

Say we're in a recession by then, things will be a lot worse. Hard to predict the future. Bank on worse case scenario.
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Old 01-15-2018, 04:11 PM
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OC 991
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Ordered a 991, sold it to a dealer 1 year later.
After a few months started missing the practicality and "under the radar-ness" of it.
Started looking at buying another 991...
Found the exact same car for sale (now 7 months later) and bought it back.
Cost me $24K more than what I sold it for!
Crazy thing is, during those 7 months it moved around the country but I was still the only owner on record lol.

Anyway... point is, they sure do give you A LOT LESS for than what they re-sell it for.
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Old 01-15-2018, 04:35 PM
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they try to pay less than the lowest book values and sell it for more than the highest book values
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Old 01-15-2018, 05:20 PM
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I have a friend at a BMW dealership near me. He has told me on several occasions to go on kbb.com and then enter your VIN or details in "My Car's Value". This should give you a very close number to what you can expect to get for your car (even if you are not buying another car from them). As you may have already figured out, you are going to take a decent beating on selling a 1-2 year old car. Even with low miles.

Assuming no issue with your car, and of course your location may impact the value. Another factor is time of year, for example if you are trying to get rid of a Convertible in the Northern states this time of year, dealer may not give you as much, but if you are selling an SUV, maybe you would get more.
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Old 01-15-2018, 05:31 PM
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kage65
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What I figured out is:
If I pay 83, (plus 6% tax) comes out to $88k . If for some reason a month later I decide I don't like it, and they buy it back for 62, I've lost $26k unless there is something I'm missing on the tax side of things.
Driving it for the next two years would be around $15k per year ( not including insurance or gas).
So if I go for it I better make sure I like it.
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Old 01-15-2018, 05:59 PM
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It seems from a few data points lately that 991.1 S and GTS models are getting traded in for about 15,000 less than they are then listed for on the dealership floor, sometimes CPO'd and sometimes not. I got 100,000 (trade-in) on a GTS and they relisted for 114,900. Honestly can't remember whether they CPO'd it or not. No reason they couldn't have -- 12,000 miles, 2.25 years old.

If 15% is a decent rough estimate, you can look at dealership prices on used 991s and guess at what the trade-in on the car was.
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Old 01-15-2018, 07:22 PM
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Originally Posted by NoGaBiker View Post
It seems from a few data points lately that 991.1 S and GTS models are getting traded in for about 15,000 less than they are then listed for on the dealership floor, sometimes CPO'd and sometimes not. I got 100,000 (trade-in) on a GTS and they relisted for 114,900. Honestly can't remember whether they CPO'd it or not. No reason they couldn't have -- 12,000 miles, 2.25 years old.

If 15% is a decent rough estimate, you can look at dealership prices on used 991s and guess at what the trade-in on the car was.
I'm guessing it depends on the dealer and what car it is. I sold my '14 S back to a dealer and they put about a 10% mark-up on it, they dropped the price about 2k 45days later. Not sure what it actually sold for but it was gone about a week after the price drop.
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Old 01-15-2018, 10:45 PM
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Originally Posted by kage65 View Post
Just trying to get an idea of total cost. On a car like this one
https://www.cargurus.com/Cars/invent...ting=195265747
if you drove for it for lets say two years and put maybe 10k miles on it, how much could you expect a dealer to give you for it at that time , if it is not a trade in ( just selling it and not buying another car from them)
2) How much will the dealer then mark it up when they sell it again?

Tks
Sounds like almost worst case: the car value will decline on the steepest part of the depreciation curve, and then you would sell it to a sophisitcated vendor who will want to low-ball you (and have no incentive to consider your good will). Why not sell it yourself?
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Old 01-15-2018, 11:13 PM
  #11  
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Did anyone else notice the accident report on the car?

If you are really uncertain on long term ownership; Jump in a lease or Porsche recently rolled out their passport program which allows you to rent cars starting at $2,000 a month. No long term commitments..

I figure within a month or two you can figure if it fits for you and best off not a large loss and tax mitigation
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Old 01-15-2018, 11:51 PM
  #12  
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Originally Posted by OC 991
Ordered a 991, sold it to a dealer 1 year later.
After a few months started missing the practicality and "under the radar-ness" of it.
Started looking at buying another 991...
Found the exact same car for sale (now 7 months later) and bought it back.
Cost me $24K more than what I sold it for!
Crazy thing is, during those 7 months it moved around the country but I was still the only owner on record lol.

Anyway... point is, they sure do give you A LOT LESS for than what they re-sell it for.
This is hilarious, sorry! Don't take it personally but thanks for sharing your story.
Obviously dealers sell high and buy low...no other way to make money...
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Old 01-16-2018, 12:35 AM
  #13  
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When I walk into those really nice dealerships complete with gorgeous women I have the same thought as I do when in those giant Vegas casinos - "Someone's paying a lot for this place - and it's not them!"
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Old 01-16-2018, 03:24 AM
  #14  
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Originally Posted by Bemo View Post
This is hilarious, sorry! Don't take it personally but thanks for sharing your story.
Obviously dealers sell high and buy low...no other way to make money...
I get it... sounds like stupid thing to do
Even crazier... I could have bought a brand new 991.2 for the same $ I bought back my old 991.1
Hey when you build a car exactly how you like it, end up waiting over 10 months for it and had it customized...
The choice of redoing all that was just not something I was interested in (again).
Soooo like a sucker I paid 24K more for the same damn car...
At least it's still a 1 owner car!
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Old 01-16-2018, 08:27 AM
  #15  
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Originally Posted by OC 991 View Post
Ordered a 991, sold it to a dealer 1 year later.
After a few months started missing the practicality and "under the radar-ness" of it.
Started looking at buying another 991...
Found the exact same car for sale (now 7 months later) and bought it back.
Cost me $24K more than what I sold it for!
Crazy thing is, during those 7 months it moved around the country but I was still the only owner on record lol.

Anyway... point is, they sure do give you A LOT LESS for than what they re-sell it for.
Holy crap! On the plus side, you know you two are meant to be!

And I'm sure you have the humility to appreciate this (we all have to when moving around chunks of money, be it in investments, cars, etc.) but I am going to remember your story every time I make a financial decision I want to kick myself over.
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