Well you didn't say what dealership until just now. I assume Lexus. Did they have any G coupes on their used car lot? If so, what were they listing them for.

 

Here's one for you....I tried to trade my car in last July I could live with a 25k offer, but they instead offered 22k and they said that was the best they could do for my car. I have less than 30k miles on a 3 yr old car (one of the first 2004 models to come out) and that was the best offer they could give me. If anyone knows my car it's always clean and garage no dings but it does have paint chips on the hood and bumper. But still 22k offer is like an insult they know that they can sell that car for more than 28k easy. That is the reason why I still have it. This dealership will take you for everything that you have if you don't know what you're doing.

 

Take the time to sell yourself. I got a whooping $400 for my trade. A 94 g20 with 110k enginge problems abs light on. Man they screwed me over i wanted to cry. But i gave it to them, then took there g35 off the lot. Honestly though i'm not sure what you were thinking..you've read how cars depreciate once you drive off the lot. Go buy your lexus and get a trade in value 1 month later, see how you like it

 

Be careful selling it privately, you will get people who will low ball the snot out of you also! A good tip is to hang around the dealerships if you have time, looking at other cars, and start up conversation with some customers, you will be suprised how many will be more willing to buy the car directly from you than the dealer. Yea, the has to make money, but who cares, F*&k them, you gotta eat too, right? Before I had my G, I went to trade my $31,000 05 WRX STi in at the dealer, where I had purchased it brand new from, the car was 4 months old, with 5,000 miles, and they offered my $23,000, I wanted to drive my car through the dealership full at full tilt, so I know how you feel.

 

do you guys realize that their first offer isn't their last offer?

 

24K no so far from fair, May be you can get 25K max for trade in.

Bought my car new for 32K. 2 Yrs ago. value should go down 3-4K per year.
for the fisrt 2 years.

 

Austin your welcome my family owns a car dealership so iknow what they are doing go back in and talk to them is there a pay off on your car?? and trust me they will work with you

 

Not necessarily. Depends on local market conditions. When I traded in our TL, the dealer gave me $2,000 more than what KBB said. (I wasn't interested in buying a car at the time, but the dealer offered me $2k over KBB for my 03' TL and offered me a few hundred over invoice for an 05' TL)

Perhaps they just wanted a red TL really bad, because I still don't see many red TLs these days.

 

well lets say your car is the average equipped g35.
G35 5AT, premium, sport tuned suspension, and aero.

You're car probably listed for like $39,000.00
Invioce is probably like $35,700.00

Your car is basically 2 years old at this point because 07 g35 coupes are on the ground.
You ran the car 16,000 miles....

They'll list your car for probably like $28,995.00
Now they'll probably do like $1000 worth of work from oil changes, alignment, and etc to get it as pretty as they can.

So they really own the car for $25,500.00

Now no one is going to walk in and pay $28,995 for the car...they'll grind them down and they'll end up selling it for $26,995 if they are lucky. So they make $1500 off of the car which isn't huge for a used car.

They can't price the car any higher because the depreciation to sell the a 2 year old car with 16,000 miles can't be justified with just $6000. usually 1 year old cars with 7,000 miles sell for around $6000 below invoice.

So they were pretty much right on the money.

KBB, EDMUNDS are both exagerrated and you'll most likely not get what they state at a dealer for trade.

Go by "Galves" which is a wholesale guide that every dealer uses (NOT NADA...NADA is for the dealer to justify to the banks the value of the car...grossly overstated).

 

Exactly.....go back and play the game: dicker with 'em.

 

That's EXACTLY how it goes. Selling a used car on a new car lot is harder than you think. They have to pay the depreciation and insurance on the car as it sits there too so of course the dealership has to think worse case scenario. For every one used car they sell and turn a profit on, they probably have to send 5 to auction or wholesale. Carmax will usually give better money because they are solely in the business of buying and selling used cars.

KBB and Edmunds sets consumer expectations way too high.

For the most part, you may be able to squeeze another $500 from a dealership, so your quote was reasonable. There are times when a dealership will truly low ball big time though because they may already have too many of the same car on the lot.

 

Samething happend to me, I have an 05 with 6k miles and they offered the samething. No more infiniti's for me they have a poor resale value.

 

Those fks always low ball.!!