16k for 04 GT?? WTF!
#1
16k for 04 GT?? WTF!
Im trying to trade in my 04 GT with 33,000 miles. A few dealerships said that these cars are going for 15-16k at the auctions and that is what they will give me. This is ridiculous. I need to get at least 20 for the car. What the hell?
#7
No dealer is going to give you more than they can get for the car, unless they stand to make more off of the car you're buying from them. Blue book value means nothing to a dealer when they send cars to auction. They'll come at you with a lowball at first, but don't expect much movement in your favor, $2000-2500 at most I'd guess.
#10
used car glut
Because of the recent "employee pricing" sales drives, so many used cars were traded in that there is a serious glut in the market, and dealers had a hard time selling the used cars because it was almost cheaper to buy new. The dealers aren't even in the ballparkof the trade in values of the Kelley Blue Book.
#11
Originally Posted by Scraper
Because of the recent "employee pricing" sales drives, so many used cars were traded in that there is a serious glut in the market, and dealers had a hard time selling the used cars because it was almost cheaper to buy new. The dealers aren't even in the ballparkof the trade in values of the Kelley Blue Book.
#14
Most new cars anyway loose 20-30% value after the first year. Drive a new car off the lot and you have already lost money. Its known as depreciation. Check out the prices people are getting for better RX-8 drivers on ebay. Options like Sat-Nav etc. are all great and expensive when you buy them new, but in the used car market dont increase the value of a car by much.
Do let us know how much you sell the car for though in the end. I cannot think that any dealer would buy it for more than 18-19K.
Do let us know how much you sell the car for though in the end. I cannot think that any dealer would buy it for more than 18-19K.
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