Evo's Trade in/Resale Value [MERGED]
you know i hate driving my car to work because its 40 miles total, 3 days a week, but i tend to switch and drive my beater also. getting rid of your car because of a longer commute is ridiculous. keep the evo and buy a beater like a older honda.
It never ceases to amaze me how dumb some people are. Why in god's name would you ever try to sell your car at the dealer?? You will ALWAYS get more selling it privately. Of course dealers have to make money. Dealers don't make money on new cars. They actually make very little money on selling new cars. Most of their money comes from selling used cars that they buy for cheap (from a dumb seller or an auto auction) and then they sell them for what they are worth or more. If they gave you what the car is worth that means they would have to sell it for even more to make a profit but no one will buy a $28K car that has a blue book of $22-24k.
It never ceases to amaze me how dumb some people are. Why in god's name would you ever try to sell your car at the dealer?? You will ALWAYS get more selling it privately. Of course dealers have to make money. Dealers don't make money on new cars. They actually make very little money on selling new cars. Most of their money comes from selling used cars that they buy for cheap (from a dumb seller or an auto auction) and then they sell them for what they are worth or more. If they gave you what the car is worth that means they would have to sell it for even more to make a profit but no one will buy a $28K car that has a blue book of $22-24k.
You need to remember trading in can be a good thing. I've made out quite well in the past trading in. You need to compare the private sell price and trade-in price and take that difference and compare it to paying taxes on the full 31k or paying taxes on 11k. Thing is when you trade-in you only pay taxes on the remainder of the bill.
It never ceases to amaze me how dumb some people are. Why in god's name would you ever try to sell your car at the dealer?? You will ALWAYS get more selling it privately. Of course dealers have to make money. Dealers don't make money on new cars. They actually make very little money on selling new cars. Most of their money comes from selling used cars that they buy for cheap (from a dumb seller or an auto auction) and then they sell them for what they are worth or more. If they gave you what the car is worth that means they would have to sell it for even more to make a profit but no one will buy a $28K car that has a blue book of $22-24k.
Your wrong resale value is among the best you'll ever see. Read up its all over the place
Trade-in value which is a totally different thing will always suck on any car. It actually all depends on the dealership and how they deal with trade ins. Its a big # game. 95% of the time you'll never make out trading in a car thats less than 3-4 years old
Trade-in value which is a totally different thing will always suck on any car. It actually all depends on the dealership and how they deal with trade ins. Its a big # game. 95% of the time you'll never make out trading in a car thats less than 3-4 years old
Ferraris are the only exception I can think of. Used F430s are still selling for significantly over MSRP in the USA (they sell for sticker in Europe). A $200k sticker F430 in the states can pretty easily fetch close to $250k as long as it's not a freaky color combo like yellow/red with a red steering wheel. And yeah, that's for a used one with 1,000 - 2,000 miles.
Everyone on this site wants to tell you how terrific the resale value of the EVO is. I think most people who have actually tried selling one would disagree though. Check out the guy who just sold his 06 GG MR for $23,500 in the for sale section after numerous price drops.
You need to remember trading in can be a good thing. I've made out quite well in the past trading in. You need to compare the private sell price and trade-in price and take that difference and compare it to paying taxes on the full 31k or paying taxes on 11k. Thing is when you trade-in you only pay taxes on the remainder of the bill.
Everyone on this site wants to tell you how terrific the resale value of the EVO is. I think most people who have actually tried selling one would disagree though. Check out the guy who just sold his 06 GG MR for $23,500 in the for sale section after numerous price drops.




