Got a question guys, we are going to try to trade in the wifes 04 taurus ses tuesday. We got it with 72,000 miles on it a year and a half ago and as of today its got 114,100 miles. Never one problem at all with the car but the wife want a SUV. We owe $2,300 on the taurus. I have looked up KBB on the car and trade in value is estimated at $3200.Should most car lots atleast give me trade in on it or will they try to shoot me low on the price? Should i try to bargin them for more than the 3200? We are looking at a 03 Lexus RX300 or a 06 Explorer. Just want to get my ducks in a row so i know what to do come tuesday morning. Here is some pictures of the car and yall tell me what you think it is worth on trade in.

 

too bad your not in florida. my girlfriend needs a car. that fits just about perfect.

 

Florida aint that far of a drive , come on over to texas and get it!

 

THe first thing you should do is set a price for the car you are buying before even bring up that you want to trade it in. Then try and get as much as you can for it, but you do have to remeber that it will be less then the going price since they have to try and get money off it.

 

This is good advice. Negotiate the price of the car first. Then negotiate the trade-in.

If they try to put you in a negative equity situation, walk away.

 

send me a list of facts and some pics to my email. thekx125@yahoo.com

 

email sent

 

x2... right way to do it... you'll be right on the hair of negative equity with their offer.

 

thanks guys i also put it on Craigslist also so if i can sell it out right then that will help even better. How does it work if i sell it outright and still owe on it? do we just go to the car lot and pay the remaining balance and they will do the paper work?

 

Being that it has over 100,000 miles the dealer will probably low ball the heck out of you if you try to trade it in. The others are giving great advice, I really don't have much more to add....

 

You have to call the lender and get a 10 day pay off. The buyer will either have to wait for them to process payment and send you title to sign to them or if they (The buyer) use a lender, they will pay and get the title from your lender.

Also, I know you probably didn't plan on it, but it is easier to deal with a dealer at the end of the month so tomarrow would be good.

 

thanks guys for all the info, would love to do something tomorrow but i think all the car lots will be closed since it is memorial day.

 

Most around here aren't in fact they arerunning huge sales this weekend. They fall into the retail catogery so most wont close for a holiday but run with less staff and still give those who work their holiday pay on top of their regular pay for the day, which in most cases is commession. As far as the paying off after you sell can't be any help have always paid cash.

 

I wouldn't even mention it to the Dealer where you get the Lexus (if you do). Might be a little bit different if you buy an Exploder. Most dealers are going to wholesale the car, they're not even going to try and put it on the lot. That's NOT a criticism of the car, it looks like a nice one. Just that a high miles car will end up on a used lot, not new car lot. OH, I forgot, this is Texas, the high mileage capitol of the world. Maybe it will fly, especially at a Ford lot.

 

I'm in Texas and that car would be a bargain at $3200, but you likely won't get it on a lot, unless they take it off the price of the one you are trading for. This amount isn't enough to be a large affect on taxes, so I would sell it outright. There is a huge market in Texas for cars in this price range and yours looks like it is in good shape.