I appreciate all the advice guys. I think I'm going to hold onto it for a while but like Bruce mentioned if I sell, it'll be privately.
If I go that route, classified ads in the paper the best way to do it? Online? . On Fri, Jun 6, 2008 at 9:56 AM, Duane <[EMAIL PROTECTED]> wrote: > 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:261450 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
