Trad in?
Senior Member
Joined: Jun 2004
Posts: 2,823
Likes: 15
From: Houston, TX
My comments were based on many years of talking to people about their car "deals" and from reading numerous posts on this website. Most folks equate a low montly payment, a zero-percent interest rate, or some other arbitrary standard as the basis for their good deal. Very few look at the big picture of long term ownership.
So I stand by my comment that 90% of the people who buy a car think they got a good deal, while in fact, they left money (often times lots of it) on the table. But we can agree to disagree.....
Senior Member
Joined: Dec 2006
Posts: 43,530
Likes: 817
From: Joplin MO
My neighbor's 19 year old daughter thinks she got a great deal on a 98 Grand Prix she just bought. Her monthly payments are low.
However, the interest rate is ridiculous, note length is long, and the hidden "cash" price was insane. It's in decent shape but has 133k on it, no way will it last the length of the note.
However, the interest rate is ridiculous, note length is long, and the hidden "cash" price was insane. It's in decent shape but has 133k on it, no way will it last the length of the note.
Thread Starter
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Senior Member
Joined: Nov 2005
Posts: 160
Likes: 0
From: West Coast
All
Thanks for your replies. But you still are putting hope on as very, very dark sunglasses. When I advised in this thread that Dealers are immediately asking other Dealers if they want the offered trade-in, I was indicating if any other Dealer wanted the trade in at that tme, the moment of new buyer trade in an new vehicle purchase.
With the glut, I mean Big Glut, of used big pickups on the lots these days, during our first $4.00+ per gallon era, being able to trade in your gas guzzler may not happen if you expect even a mid-sized trade in value.
Oh, BTW, I pay cash for my new vehicles, have for years. Buying a vehicle of my choice and being ready to eat back a near humiliating price for a trade in is already part of my thinking. To add, if a Dealership does not want your trade-in, then why would a private party want it.
Guys, good luck....
Thanks for your replies. But you still are putting hope on as very, very dark sunglasses. When I advised in this thread that Dealers are immediately asking other Dealers if they want the offered trade-in, I was indicating if any other Dealer wanted the trade in at that tme, the moment of new buyer trade in an new vehicle purchase.
With the glut, I mean Big Glut, of used big pickups on the lots these days, during our first $4.00+ per gallon era, being able to trade in your gas guzzler may not happen if you expect even a mid-sized trade in value.
Oh, BTW, I pay cash for my new vehicles, have for years. Buying a vehicle of my choice and being ready to eat back a near humiliating price for a trade in is already part of my thinking. To add, if a Dealership does not want your trade-in, then why would a private party want it.
Guys, good luck....
Senior Member
Joined: Nov 2006
Posts: 465
Likes: 1
From: Temple, Tx
I checked the trade in value on mine 3 months ago on Kelly Blue book online and was told $23000. I checked it last week and it said $16000, thats a big *** drop in three months. Ill be keepin this one until it falls off the frame.
Technical Article Contributor
Joined: Oct 2005
Posts: 25,641
Likes: 19
From: MI
I would suggest hanging onto the truck. These gas prices are a bubble and somewhere aound the end of the year expect them to fall to something like $2.40-2.50 range. The REAL price for a barrel of oil is $63.00. Speculators are driving the prices up, not demand. Goldman- Sachs has the largest investments in oil right now and I would dearly love for the price to tumble overnite. It'd put these greedy creeps out of business quick.
But gas prices down in the $2 range again? I'm both optimistic and objective. This goes against anything I've seen in the past. All I have to say is - I hope your right buddy and I'm holding onto the faith that you are.