Quote (chaosoul @ May 28 2013 05:40pm)

Trade in market keep changes, and book guides are some seasons more wrong and some times less wrong.

Go on KBB and nadaguide first and key in all your options and year and mileage and see what they give you for "Good" price (def not excellent, and probably not very good)

On KBB and nadaguide, go with the lower one, because if any dealer wants to buy ur car, they will take several reference and take the lowest one.

During the half year however, the market for used 50k+ miles car is not so great, because bunch of brands are hitting the market with good incentive like brand new car with 35+ combine MPG for 129$ per month, and free maintenance.
So mostly during recent months, dealer are even giving 5-10% less than the book value.

You do have quite bit more leverage if you are trading up to a car, they can probably even give you higher than book value. Also they can eat up your "upside down" or "negative equity" into your payments etc.

This is all of course, assuming you are going through a dealer.

You'll be able to get anywhere from 1500-3000$ more if you sell it yourself. You are seeing cars similar to yours selling for much higher because they are dealers and such.

It works like this: Trade-In Value (also whole sale value) < Private Sale (sell it yourself) < Dealer Retail    Theres a 1k-2k gap between each category for a car of your nature. Used car market is pretty low and slow now so dealers basically giving you trade in value as whole sale auction values.

Quote (Epicexecution @ May 28 2013 02:49pm)

Pretty sound advice right here.

Do you happen to own a luxury motorsports company? Would explain all the nice cars haha

Quote (chaosoul @ May 29 2013 03:43am)

Haha one of the companies I used to own do direct exporting for luxury cars to Asia Pacific. I just overseer it, I don't buy cars myself.

Mostly low end BMW and Mercedes tho, (theres no market no exporting Ferrari Lambos Porsche and such).

Cars I have/had are for personal use, I don't drive cars in the company for 2 reasons: our company built on clients know we treat all their cars super well,
and second its a felony to drive it since we skip sales tax during direct export and if u use it for local personal use, you're suppose to pay sales tax

Quote (Epicexecution @ May 28 2013 08:09pm)

Couldn't you still use the vehicles and just slap the dealer tags or temp tags on the vehicle?  Because thats totally what the guys did who owned this luxury motorsports dealership when I used to valet lol.  He would always come in with new inventory

Quote (chaosoul @ May 28 2013 05:40pm)

Trade in market keep changes, and book guides are some seasons more wrong and some times less wrong.

Go on KBB and nadaguide first and key in all your options and year and mileage and see what they give you for "Good" price (def not excellent, and probably not very good)

On KBB and nadaguide, go with the lower one, because if any dealer wants to buy ur car, they will take several reference and take the lowest one.

During the half year however, the market for used 50k+ miles car is not so great, because bunch of brands are hitting the market with good incentive like brand new car with 35+ combine MPG for 129$ per month, and free maintenance.
So mostly during recent months, dealer are even giving 5-10% less than the book value.

You do have quite bit more leverage if you are trading up to a car, they can probably even give you higher than book value. Also they can eat up your "upside down" or "negative equity" into your payments etc.

This is all of course, assuming you are going through a dealer.

You'll be able to get anywhere from 1500-3000$ more if you sell it yourself. You are seeing cars similar to yours selling for much higher because they are dealers and such.

It works like this: Trade-In Value (also whole sale value) < Private Sale (sell it yourself) < Dealer Retail    Theres a 1k-2k gap between each category for a car of your nature. Used car market is pretty low and slow now so dealers basically giving you trade in value as whole sale auction values.