My brother in law is in the car business. He told me that car dealerships make nearly all of their money on used car sales and service on new cars.
One time a car salesman actually tried to sell me a car that had just been traded in that same day. It hadn't even been detailed yet and the previous owner was still on the premises finishing their paperwork. -----Original Message----- From: Duane [mailto:[EMAIL PROTECTED] Sent: Friday, June 06, 2008 9:56 AM To: CF-Community Subject: RE: process of trading in a vehicle? I worked closely with auto dealers for a couple of years. When it comes to trade-ins you are gonna get screwed over. Most used cars generate a profit to the dealer of between 2k to 4k depending on make model and year. Duane -----Original Message----- From: Bill Wheatley [mailto:[EMAIL PROTECTED] Sent: Friday, June 06, 2008 11:51 AM To: CF-Community Subject: Re: process of trading in a vehicle? Amen, I just bought a new (to me 2006) G35 and my gf just got a new avenger. They are all scum with a smile on their face. THey will always find a way to fuck you on the front end or back end of the loan or anyway they can. And always have gap insurance it will save your ass if you get into a car accident and total your car. :) It's cheap too compared to the thousands it can save you. On 6/6/08, Tony <[EMAIL PROTECTED]> wrote: > > bottom line is you will NEVER NOT get railed by a used dealer or any dealer > of any sort. never. > > they will always rape you on the trade in and even if they say they > are giving you > a deal ... its snake oil at best... they are in the sham of the > world... really... > > if you do not go into a trade/deal of any sort without SOLID equity in > the vehicle you will get hammered, and even then, they will still > hammer you. > > either way, none of that has EVER stopped me from doing just what you > are thinking of doing, and if i want a new car, i just go do it, and > make sure i bring the vaseline. > > tw > > > On Fri, Jun 6, 2008 at 10:37 AM, Billy Cox <[EMAIL PROTECTED]> > wrote: > > My short answer...I would keep the vehicle. Right now is a terrible > > time > to > > sell a truck. > > > > But if you really must sell, then here is the long answer... I would > > try to sell it to a private party first. You might even be able > to > > find a business or contractor who would jump at the opportunity to > > take > it > > off your hands for what you owe. Unlike consumers who buy pick up > > trucks > for > > vanity or the occasional weekend project, businesses see a truck as > > the > cost > > of doing business. A contractor might be driving around in a 1994 > > truck > and > > your 2006 would be a gas mileage improvement. They have tax > > incentives > too, > > so the economics are different. > > > > If you can't find a buyer or don't want to mess with it, then you > > will > have > > to trade in the truck and roll the difference between the trade > > amount > and > > what you owe into the loan on your new vehicle. Once you know that > amount, > > go home and compare the costs of trading versus the costs of keeping > > the truck. As little as you are driving it, I can't imagine how it > > would be worth it to take such a huge financial hit. > > > > You might find that pain at the gas pump is pleasant compared to > > paying > 5-6 > > years worth of payments and interest on a vehicle that you don't > > even > own. > > There is also the fact that if your new vehicle is ever totalled, > > the insurance payout would not be enough to pay off your car loan. > > > > It can be really expensive to do what everyone else is doing. > > > > > > -----Original Message----- > > From: Greg Morphis [mailto:[EMAIL PROTECTED] > > Sent: Friday, June 06, 2008 8:44 AM > > To: CF-Community > > Subject: process of trading in a vehicle? > > > > > > I have a 2006 Ford F-150 with only about 9K miles on it (due to gas > prices). > > I do not own the truck yet, I still have roughly 20,000 owed on it > > (have paid over 12,000 so far). Anyways I'm considering trading it > > in for something smaller. What's the process of trading in a vehicle > > that you > don't > > own? > > > > Thanks > > > > > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;192386516;25150098;k Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:261449 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
