Quote:
Originally Posted by fiestaz
Not that it made sense from the start, but this statement is not making sense.
There needs to be some perspective here. Red book says $18k for a trade in on an is250, no doubt that will comply to a km range. However, what the dealer pays for that trade in may not reflect what redbook says value wise. There is too many variables on that trade in figure.
For example. An is250 with 50,000kms in average condition may trade for The redbook value of $18k. Another exactly the same, but in absolute mint condition may go for $20k. But another dealer may trade that exact same month condition car for $15k because that’s what they got them at.
Apart from just trying to be a low baller which lets be honest no one likes, your basing your market values off the wrong figures. Private vs dealer are seperate markets most of the time. Generally private is cheaper than dealer. Really you should be going through car sales and other sites with your criteria for a car. See what results come up, see how they compare and work out what you want and what suits your budget.
I worked at a Toyota and Lexus dealership. The redbook value was rarely used, most of the time our valuers would look at car sales to see what cars are listed for and work it out from there. They would read the market.
Sticking with this redbook value is pointless.
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Well put,what it seems some people dont get is that unless the car on yard was bought outright with no trade involved ie purchase price/ factor in whatever repairs/service blah blah add a margin and on the lot it goes as opposed to a car thats on yard as a result of trade in which means in order to do the deal the thing might owe them more than it should as you will know,back in the 90s when working at a Toyota dealership a mate of mine worked up the road at a Nissan outfit and many times to simply do a deal they would inflate the trade in price to the point of losing money on the new car they were selling
that said they like Toyota got a rebate from the factory.