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ACZL's avatar
ACZL
Explorer
Dec 01, 2014

Vehicle trade in

Question for those in the know. When trading in a vehicle towards a new one, does the dealer go by auction price of vehicle being traded in or by NADA/KBB? Reason I ask is I had a buyer for my truck, but cannot get financed (1st time loan) w/o a co-signer. Dealer is giving me what I call jack squat for a trade for when I priced it w/ NADA, KBB and Edmunds, I came up w/ a figure 3-4k higher. Dealer goes onto say that their price is based on vehicles w/ similar miles, age and body condition. Seems odd that the 3 I looked at were in same ballpark and dealer isn't. Should I stick to my guns and tell dealer it's this price or no deal or what?
Tow Vehicles

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  • GordonThree's avatar
    GordonThree
    Explorer
    Dec 01, 2014
    Who knows with dealers! I just received a letter from my dealer; they want to buy my 2013 Ram 1500 from me for what I owe, plus enough for me to buy a 2015 with the same monthly payment.

    Could be the dealer you are working with just doesn't want your model / year truck right now... if you have a better deal in a private sale, go for it... or let your fingers do the walking and try a few other dealers... you're not limited to your home town, or home state even if the deal is good enough on the new ride.

    Shop around on this first time co/sign business too - sounds like B/S.
  • ScottG's avatar
    ScottG
    Nomad
    Dec 01, 2014
    The dealer is going to use every excuse to give you as little as possible and I think you can get more out of him.
    OTOH, you can't expect a dealer to give you retail since he has to make money on the deal.

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