Trade-in vehicle question?

#40Fan wrote:
Don't forget to charge the dealer tax on what they will owe you!

Love it! :)
Should get them for title, prep, delivery and "handling" fees too.

Wes
...

I recently dealt with a potential CL inquirer who had his "buyer" call me who turned out to be a dealer who said my truck was worth $46K using this Black Book value (Wholesale/Auction price). She said they don't use the KBB Blue Book value. She added they do add 7% tax on as well in Georgia. So trading-in does seem easier than dealing with private sales.

JALLEN4 wrote:

wanderingbob wrote:
Most dealers will trade either way, it is just math to them !Most of the time it ain't their money anyways . I traded in an Allegra Bay diesel on a Lance pickup camper and got $30, 000 back ! Try it , ya might like it !

I have to ask. Whose money do you figure it is?

I was curious about that as well.

Sales tax on vehicles is 6.25%

6.6 Oilburner wrote:

mtofell1 wrote:
It's really two separate transactions - dealers build empires off of confusing consumers and blurring this fact. The amount they give you for a trade-in they should be willing to just cut you a check and leave out the fact that you are buying a vehicle from them. Again though, it's all smoke, mirrors and deception to confuse people.

As mentioned numerous times on the thread, try to sell private party. As a general rule you should be able to instantly sell a vehicle on Craigslist for 10% more than the dealer will offer you as a trade.

You're a little misguided here. While there is some shenanigans on paper, why would a dealer leave out the fact that you are buying a vehicle from them?

Your general rule of being able to instantly sell a vehicle privately for 10% more than trade in offer is somewhat far fetched as well. How fast your vehicle sells all depends on who is looking and what there situation is. The greater the dollar value of the vehicle, the greater the chance interested parties will be financing and also looking to trade in.

When looking at trade numbers, one needs to consider the sales tax credit as well. As an example, I recently sold my 2007 Chevy, Dealer had offered $21k on trade. With a sales tax rate of 8.25% the sales tax credit would be $1732.50, making my trade worth $22732.50


Trading in something that's worth more than what you are buying is just like any other dealer, you just gotta squeeze them until your happy or check out another dealer. I did this for my grandfather on a 2 year old buick and 6 month old tahoe shortly after my grandmother died and gramps wanted to downsize. The bath on the tahoe was inevitable, but I beat on them, went back and forth between 2 dealers and got what we wanted.

Not sure how to say this more clearly - my point is it's two separate transaction so, to answer the OP's question, they should/would be willing to just buy your vehicle. With the current market for used vehicles I see/hear ads all the time that dealers are willing to just buy you vehicle.

Not sure about any sales tax stuff.... we have none in Oregon

And when I said "instantly" I didn't realize I was talking to Mr. Literal. You should be able to sell a vehicle within a week EASILY for 10% more than the dealer offers you.

My last experience was with my 06 Duramax. The dealer offered me 15K as trade. I came home and sold it on Craigslist for 21.5K in two days.

wanderingbob wrote:
Most dealers will trade either way, it is just math to them !Most of the time it ain't their money anyways . I traded in an Allegra Bay diesel on a Lance pickup camper and got $30, 000 back ! Try it , ya might like it !

I have to ask. Whose money do you figure it is?

mileshuff wrote:
Dealers buy used vehicles every day regardless if there is a trade or not. They'll offer you blackbook wholesale value. If you have a trade they may offer you more than wholesale to make the deal look good but then expect you to pay close to retail for the new vehicle.

X2 Dealers buy and sell cars, that's their business. You may not like what they want to pay for yours, but you don't have to take their deal.

Dealers buy used vehicles every day regardless if there is a trade or not. They'll offer you blackbook wholesale value. If you have a trade they may offer you more than wholesale to make the deal look good but then expect you to pay close to retail for the new vehicle.

Also , take the sells tax into the"sell it your self" calculations . Sales tax is based on the trade difference and most states it is six or seven percent . You will not have to pay sales tax on the trade value !

Most dealers will trade either way, it is just math to them !Most of the time it ain't their money anyways . I traded in an Allegra Bay diesel on a Lance pickup camper and got $30, 000 back ! Try it , ya might like it !