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Old 03-07-2013, 03:22 PM
 
9,336 posts, read 21,659,782 times
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OK odd dilemna.

Looking for a second car/summer car. Found what I want at a dealership.. one problem is I did an edmunds price check (True Market Value) and the Trade in Value is 2,900 higher than what it lists as Dealer Trade in!

If you look at Kelly its 4,000 higher than what the dealer is charging.

Car is 1 year old with 10,000 miles and clean carfax.

Would you just pay asking and try to get them to knock off documentation fees which are bogus?
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Old 03-07-2013, 03:25 PM
 
Location: San Antonio, TX USA
5,250 posts, read 13,587,898 times
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If your happy with the price pay it, if you think its a bit to high, try to haggle with them. Just because the car has a clean car fax, I would still get it check out my a mechanic.
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Old 03-07-2013, 03:26 PM
 
Location: Birmingham
11,787 posts, read 17,180,480 times
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Offer them whatever you think is fair and that you feel comfortable with. And if they say no, deal with it or buy it. And then when someone asks what you paid for it just smile and say, "I got a good deal."
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Old 03-07-2013, 03:27 PM
 
9,336 posts, read 21,659,782 times
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Quote:
Originally Posted by Me007gold View Post
If your happy with the price pay it, if you think its a bit to high, try to haggle with them. Just because the car has a clean car fax, I would still get it check out my a mechanic.
Thanks.. I was willing to pay the higher amount.. the only negative is I wanted a 5 speed, but a 6 speed automatic will suffice..

yes I will have a mechanic check the car out...
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Old 03-07-2013, 03:28 PM
 
9,336 posts, read 21,659,782 times
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Quote:
Originally Posted by Tourian View Post
Offer them whatever you think is fair and that you feel comfortable with. And if they say no, deal with it or buy it. And then when someone asks what you paid for it just smile and say, "I got a good deal."
ergo the problem.. I'm comfortable with a higher price! lol... took me by surprise when I found this deal... Im used to offering less.. this is the first time I've encountered this "problem"
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Old 03-07-2013, 03:33 PM
 
Location: Birmingham
11,787 posts, read 17,180,480 times
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Originally Posted by minibrings View Post
ergo the problem.. I'm comfortable with a higher price! lol... took me by surprise when I found this deal... Im used to offering less.. this is the first time I've encountered this "problem"
Then buy the car. While you're thinking about it someone else may be down there signing up.
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Old 03-07-2013, 03:35 PM
 
9,336 posts, read 21,659,782 times
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Originally Posted by Tourian View Post
Then buy the car. While you're thinking about it someone else may be down there signing up.
You're right. Thanks. I'll give them a deposit over the phone to hold it until I can check it out Saturday.
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Old 03-07-2013, 03:49 PM
 
Location: Planet Eaarth
8,954 posts, read 20,321,846 times
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Quote:
Originally Posted by minibrings View Post
OK odd dilemna.

Looking for a second car/summer car. Found what I want at a dealership.. one problem is I did an edmunds price check (True Market Value) and the Trade in Value is 2,900 higher than what it lists as Dealer Trade in!

If you look at Kelly its 4,000 higher than what the dealer is charging.

Car is 1 year old with 10,000 miles and clean carfax.

Would you just pay asking and try to get them to knock off documentation fees which are bogus?
While Kelly and Edmunds will give a ballpark value the place to check fair market price for your area is.....NADA.com.......which is the same price service dealers use. NADA will get you closer to a price the dealer will work with. Most lending institutions also use NADA to price the loan so ask them to check out the car (they often let the customer borrow the book as long as you stay in the building).

N.A.D.A. Home Page
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Old 03-07-2013, 04:07 PM
 
9,336 posts, read 21,659,782 times
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Quote:
Originally Posted by Grandpa Pipes View Post
While Kelly and Edmunds will give a ballpark value the place to check fair market price for your area is.....NADA.com.......which is the same price service dealers use. NADA will get you closer to a price the dealer will work with. Most lending institutions also use NADA to price the loan so ask them to check out the car (they often let the customer borrow the book as long as you stay in the building).

N.A.D.A. Home Page
Thanks.. 2k under clean trade in value
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Old 03-07-2013, 04:55 PM
 
Location: NYC
1,027 posts, read 1,598,125 times
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Dealers use galves to cross check auction pricing in the dealer.

From my experience galves,which is available to you by prescription, comes in around 20% leas than KBB poor trade in value.

The "prices" on those free sites are nothing and based on nothing, KBB doesn't write checks and neither does nada.
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