Sunday, January 8, 2012

How do I trade in a New car for a different model and not loose money?

Here is the deal. I bought (impulsivly) a 2008 VW Eos. I reaslize now that its getting closer to winter that its not the best car to be driving around in the midwest....snow and all. Im trying to figure out how much to ask for it in trade or resale, but the thing is its so new that kbb or nada doesnt have used car values. It only has 1400 miles on it for petes sake! lol any advice on what i should do?|||I hate to tell you this but facts are facts, if you trade a brand new vehicle the first year your depreciation factor will be somewhere around 25 to 28% negative from what you paid out the door.





As for selling it private 2 major factors come into play.





1... If you sell private take into consideration you will now be paying full tax on your new purchase.





2... The consumer buying your car will weigh the difference buying new, if buyer is financing it wont work becauce he is buying a used vehicle and the finance rates will be " guessing " anywhere from 7 to 9% "


Where as buying brand new the dealer most likely has got incentives from the Mfg from 0% to ? subject to term.





If you pursue inquiring making a deal I will be very interested as to find out where you stand trading your 2008, I am always looking for new material for my website and your situation is something I would like to add to my site, I would much appreciate the outcome if you care to contact me through the website http://www.usedcartips.org/|||There is absolutely no way for you to make money off of it. I have a friend with the VW Eos and it does fine in the Winter. If you were really desperate for making omney, you could sell it in Canada because cars cost more there. Other than that, you are bound to loose money.|||That doesn't work. The salesman has to make money as well as the dealership. The mark up on new model cars includes the salesman's fee.and the profit margin for the dealership. When buying a new car always ask to see the invoice and negotiate with both the sales person and the dealer. I found the best way to purchase a car is to get a two or three year old car. You can save a substantial amount of money and still come away with a nice car.|||Point blank.You cant do it.The VW is front wheel drive.You will be surprised as to how it will handle in the snow.|||This company may help you http://www.batfa.com . Good luck.|||Once you take ownership it is a used car. The dealer has to service and test on diag before selling. You will about 1500-2000k so you have to find a car that is the same trade in price as your car out the door. To recoup lost money you will need a car 2000 cheaper. That's the breaks. The weekly auction report (Black Book) is used most often and will include your car. You can buy Black book by supscritption but is expensive. About 300.00 a year.|||Well once you drove that car off the lot - it's value went down A LOT. Basically if you trade in - you're going to end up with another demand for a down payment because the bank is realizing you're in over your head. You cannot just take it back to the same dealership and ask for a trade because they're going to account for the miles you've put on the car so far and add that to the remaining balance you owe on the car. Personal experience I'm speaking from :/|||SELL IT OUTRIGHT TO A PRIVATE PARTY BUT I HAVE TO SAY THAT YOU SHOULD DRIVE IT FIRST IN THE SNOW BECAUSE YOU WILL BE SURPRISED AT HOW WELL IT HANDLES.

No comments:

Post a Comment