Quote:
Originally Posted by TheViking85
On an $11k car, $3k is likely all the profit the seller has in the vehicle, if that much. Unless it's been sitting on the lot for a long time, I doubt they'd take less than $9500-10000.
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I'm not sure how anyone could know that.
First of all, has the OP looked up what KBB is for the car? what other Kia Optimas in similar condition and mileage are listed for? what ebay completed transaction sales for the car are? What people on Kia Optima messege boards are saying they're paying? All are realitive data points.
KBB is high, listing prices are generally higher than selling price but it really varies.
I was looking for a CRV, 08-11 with less than 36K on the clock. Price range for the same model from $16K up to $26K. Similar mileage and years. MSRP on this car new was $26K and some dealers are trying to sell 2 year old cars with 20K for that price.
I'm assuming, that the listed price at 26K is highly negotiable and that the 17K price isn't very moveable. Granted there are differences in condition, miles, accidents etc that cna affect things, but my point is, some dealers list used cars sky high and expect to sell to someone at a HUGE discount so the customer is happy they only paid 21K for a 26K car, $5K off, vs the guy who bought the same car listed at 20K for $19500 and only got 500 off.
in reality, both could have over paid.
Personally, I think the new optima is a pretty nice car, but I don't think that the ones that were made 3-4 years ago compete on par with the toyotas and hondas, and I think spending 11K on one is way too much.
cash doesn't make a difference, if you really want to make a difference, finance through the dealer at a high rate, they get a kick back, and make sure there is no prepay penelty, and pay off the next month.