Trading In!!
#1
Trading In!!
i just spoke with the dealership and they told me to bring in my orange honda fit sport a/t to appraise it.
he said since i have below 1,000 miles, i can most likely just trade it in for a new honda fit sport m/t !!!
im meeting him on wednesday. but my car has a nasty scratch on the front right bumper... everything else is fine. would this make me pay extra to trade it in?
pray for me. wish me luck. break my leg for me.
he said since i have below 1,000 miles, i can most likely just trade it in for a new honda fit sport m/t !!!
im meeting him on wednesday. but my car has a nasty scratch on the front right bumper... everything else is fine. would this make me pay extra to trade it in?
pray for me. wish me luck. break my leg for me.
Last edited by iamkpfsho; 09-10-2007 at 11:53 PM.
#4
I'm a little skeptical of the whole thing. The dealer never loses, so be careful with extra charges or hidden fees. The scratch will probably be a few hundred dollars. A car loses 30% of its value as soon as you drive off the lot. I do hope you get a good deal, but I doubt it will be a free trade.
#7
While the depreciation is minimal on most Japanese imports, the biggest drop in value happens right when you sign the paper. I'd be weary of a swap, you might end up with a "demo" fit sport. Just make sure you read the contract!
#8
what is a "demo" fit sport?
#11
Extremely skeptical
Unless you're in close with the owner of the dealership, the mentioned straight trade to new is unheard of. Let us know how/if that works out for you. Try reselling any same-year model vehicle and you're going to lose $$$.
#12
And the guy was sick today because he was under the heat. So I'm going tomorrow and get my car appraised.
Any suggestions of what I should and should not be doing when I go there?
Thanks
#13
A Chevy Cobalt or Ford Taurus, maybe.
With that statement, you're saying that a base Fit is worth roughly $9600 when you leave the lot. It's simply not the case.
I was offered $11,500 last winter for my Element, and that was on a TRADE at a Honda dealer. It had 75,000 miles on it and was 3.5 years old. That's almost 60% of original value, after 3.5 years and a fair amount of mileage.
I'd say these days, with most Japanese cars, you are looking at 10% or so immediate depreciation, but it's pretty amazing (sometimes downright ridiculous) what they are worth down the line.
With that statement, you're saying that a base Fit is worth roughly $9600 when you leave the lot. It's simply not the case.
I was offered $11,500 last winter for my Element, and that was on a TRADE at a Honda dealer. It had 75,000 miles on it and was 3.5 years old. That's almost 60% of original value, after 3.5 years and a fair amount of mileage.
I'd say these days, with most Japanese cars, you are looking at 10% or so immediate depreciation, but it's pretty amazing (sometimes downright ridiculous) what they are worth down the line.
#14
they took a long time to appraise my car.
after he came to me, he said that i had to pay $1,000 USD more to get an 08 manual one. he said he couldn't let me trade it in for a 07 one, which i specifically told him that i wanted the 07 one.
Out of rage, i just left without saying a word.
he said he'll call me back as i was leaving.
meh
"the dealer never loses" -samofny
#15
$1000 plus tax title and plates? or $1000 out the door?
I can understand your frustration (I have walked out on salesman in similar situations) but if it is $1000 total out the door, that doesn't sound all that bad!
t
I can understand your frustration (I have walked out on salesman in similar situations) but if it is $1000 total out the door, that doesn't sound all that bad!
t
#18
The "new design" comes out with the 2009 model year Fit. The 08s look exactly the same as the 07s, only changes are tire pressure monitor and new colors.
#20