i wasn't expecting to get any resonable trade for my car at a dealership, but OMG!

my ITR which is for sale in my sig, is a 2001 with 71k miles, excellent condition with some goodies (and i realize the goodies dont add value to the car)

went to multiple dealerships out of pure curiousity, i wont name them

i was offered in a trade in....

14,000
13,500
12,000 (this was a total insult)
15,000
and 14,500

with the exception of the 15k offer, i was pretty shocked to see how bad i got lowballed. Bytheway, these are the prices i was offered AFTER haggeling with the sales reps. Initial offers were lower!

they all were offering me either wholesale value or lower, with an exception for the 15k offer, which is still pretty bad

it's funny how dealerships nowadays can get away with only giving customers wholesale prices for their cars. I realize they are all in the business to make money, but it's not like i was trying to trade in a beat up Ford Taurus...

just bored and decided to let everyone know what our cars are actually worth to a dealership.

the average is about 14k for a 2001, unless your mega low on mileage and even then, ud be surprised how little that number goes up

NADA on my car was:

wholesale- 13,500
trade in - 15,200
retail - 17,600

conclusion: I was expecting to get low balled, but not nearly as bad as i did. I was expecting them to offer me like 15,500...maybe 16-16,500 with negotiation. nope!

and i laughed at the dealership that offered me 12k, i laughed really really hard!

lastly, the only real exception ive seen to these prices are when you're trying to get a car that is either MEGA marked up (because they lower the price on the car you're buying by a lot to offer you more) or there is a buyer who really really wants the car from the dealership.

Goodluck to anyone trying to trade an R in...


Modified by Azcheron at 5:49 AM 11/13/2005

 

That's the name of the game in the car biz.

Profit.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by jisu009 &raquo;</TD></TR><TR><TD CLASS="quote">That's the name of the game in the car biz.

Profit.</TD></TR></TABLE>

True. Good buddy of mine sells Honda's and I always hear about it.

 

you went to dealershipss. what do you expect. they buy for like $14000 and re-sell for no less than say 18-19K.

you will find a private buyer who will buy for higher

 

I wonder what they would've offered if the car was all stock.

The carbon fiber hood, A-pillar gauges, and aftermarket exhaust probably had a negative effect on the appraisal. That's how it goes at the dealers, of course.

 

Honestly, i don't think the offers you received were that far off. When you trade in a car you are going to lose a litle bit of money over selling it outright. 14000 for an 01 R with over 70k miles isn't unheard of. And while you say you know mods may not add to the value of a car, in a trade-in situation they often detract from the value of a car as it will be an added expense for hte dealer to return the vehicle to it's stock form before selling.

it's how the business works, get used to it.

 

yeah, i just need to wait for someone to take this car off my hands

price lowered to 17k even, for anyone interested

i hate to constantly mention it, but this car needs a home ASAP!

 

bring it out here, it will go fast. i would have never been able to sell mine for what i did in nh...

 

I was offered $6000 for mine as a trade for my Xterra. Glad I still have it

 

They don't call them, "stealerships" for nothing.

 

Wow I can't believe you were surprised by those offers....

Not many cars hold their value as well as the ITR, and considering the mileage, I wouldn't be offended by the $15K offer, especially from a dealer.

My car is a 2000 and it has 40K miles, and I would be happy if I got $16K

 

I think you should work with the ones who offered you $15k. That's not terribly far off from what you'll end up selling private. Especially if you are in a rush, which you seem to be since you wanat it gone ASAP and you tested the waters at the dealership. Selling private for that much MAY take longer than you want. You have to wait for the right buyer.

 

I think what You think the R is worth is a hint inflated. What they offered is not to be unexpected.

My car has 41,000 miles on it and has not been a daily driver since 2003 and is in good shape and I'd take $15,000 happily.

Also don't discount that a dealership is in business to make money and that is not done by giving the max amount on every trade in, hype-R or not.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Azcheron &raquo;</TD></TR><TR><TD CLASS="quote">
i was offered in a trade in....

14,000
13,500
12,000 (this was a total insult)
15,000
and 14,500
</TD></TR></TABLE>

I am not really sure of the exact reason why, but State Farm sent somebody out to Summit Point and took pictures of my car on the track there.

They sent me a very polite little letter warning me that it might not matter what improvements I had made to the car, and that I should not expect more than about $14,000 in coverage.

I didn't keep the letter to quote it, but it involved something about the basic assumption that their policies were written for street cars and that although they accepted some track driving in a school environment, they didn't want me racing it or time trialing it.

The $12,000 quote you got was low, but the $14,000-$15,000 offers don't sound bad for trade in quotes. The $12,000 people probably expected you to argue with them, or they felt you were about to start looking at a car they knew they'd have to deeply discount.

Car dealership politics are complicated and not necessarily obvious and straightforward.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by George Knighton &raquo;</TD></TR><TR><TD CLASS="quote">
Car dealership politics are complicated and not necessarily obvious and straightforward. </TD></TR></TABLE>

Thats the most sanitized PC way of saying it for sure.

 

What did you expect from a 2001,71k Acura?

 

A general rule of thumb is when you're buying a car at a dealership and you have a trade-in, you negotiate the price of the car you're buying first. Did you even do that, or did you ask for the trade-in first?

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Utilitarian &raquo;</TD></TR><TR><TD CLASS="quote">A general rule of thumb is when you're buying a car at a dealership and you have a trade-in, you negotiate the price of the car you're buying first. Did you even do that, or did you ask for the trade-in first? </TD></TR></TABLE>

Very true. Haggle the price with the assumption you are NOT trading in. I would go to the place that offered you $15k and shop with the intentions of NOT trading in, then "change your mind" and take the $15k offer.

 

Go for private sale. I'm finishing up mine now. 01 PY ITR with almost 70k though the car is stock I'm getting 17k for it. Just keep trying. Put the car on autotrader. That's where I got most of my hits both in state and out of state. Good luck with it.

 

I got offered $4k. like HA!

 

With the exception of one dealership, all of the offers given to me were for 8 - 10k, I would have been happy with the numbers you were offered.

 

what did you think would happen?

 

The numbers you were given were actually dead on, maybe evena little high considering the mileage and mods. I worked in retail dealerships for over 5 years. And the only word that describes the bulk of the people in the new car industry is SCUM. Also one of the reasons I got out and moved on to much greener pastures.

 

dont worry. i would NOT sell my car OR i would NOT trade my R. so i never have to worry about how much i'm getting back for my car + my goodies

i know you dont really love your R.. i'd go sell it and buy yourself an M3

and i will beat that m3 with my R. j/k

 

why car are you getting after selling the R?