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Car dealers - trade ins - advice please

Just The One · 2006-11-09 12:32:20

I was in a garage this morning looking at cars. The sales guy told me that he would allow me 2k on my own car if I was buying a 05 car. I was a little shocked as another garage offer me 4k on a new car. When I told him this he said that he can allow me 4k on a new car but only 2k on a second hand car. Why is this? Either…

09-11-2006 12:32pm

#1

Just The One

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Join Date: April 2005

Posts: 248

I was in a garage this morning looking at cars. The sales guy told me that he would allow me 2k on my own car if I was buying a 05 car.

I was a little shocked as another garage offer me 4k on a new car. When I told him this he said that he can allow me 4k on a new car but only 2k on a second hand car.

Why is this? Either my car is worth 4k or it is not.

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Comments

#2 09-11-2006 12:42pm

Beruthiel

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It's nothing to do with the price of your car, I'm guessing it's got to do with the profit margin between selling you a new car or a second hand one.

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#3 09-11-2006 2:13pm

andyeire

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Join Date: June 2002

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You would probably be able to get a discount on the list price of either car if you did not have a trade in .So in reality your trade in is worth less than the 2k or 4k you are offered.Selling it privately would make more sense money wise .

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