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Car Purchase Help Needed Asap


CosmoGirl

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So you're cool with tossing another $25,000 out the window? Frankly, getting a wholesale offer from CarMax for another $1000 is the least of your concerns in this situation. If you're bent on a new car, at least analyze the used market and try to sell it yourself to minimize that huge loss before starting the cycle over again. If the dealer is nonchalantly offering $12,000 trade-in, a little patience will probably net you another 30% over that if you sell it yourself, if not more.

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So you're cool with tossing another $25,000 out the window? Frankly, getting a wholesale offer from CarMax for another $1000 is the least of your concerns in this situation. If you're bent on a new car, at least analyze the used market and try to sell it yourself to minimize that huge loss before starting the cycle over again. If the dealer is nonchalantly offering $12,000 trade-in, a little patience will probably net you another 30% over that if you sell it yourself, if not more.

I'd actually prefer to get a CPO with a couple thousand miles on it. I've only had the "new car smell" once - every other time, I've gotten pre-owned.

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So you're cool with tossing another $25,000 out the window? Frankly, getting a wholesale offer from CarMax for another $1000 is the least of your concerns in this situation. If you're bent on a new car, at least analyze the used market and try to sell it yourself to minimize that huge loss before starting the cycle over again. If the dealer is nonchalantly offering $12,000 trade-in, a little patience will probably net you another 30% over that if you sell it yourself, if not more.

25k, ouch.

Yes get something with some residual value.

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Try http://www.truecar.com the site generally shows dealer cost, factory invoice, average, msrp. Looking at the three levels of the car they range from 33k to 40k in Charlotte area.

Thanks! That was helpful. I wish I'd had that a few hours ago. But I think I did get a good price on the package I got. They game up to $15k on my trade-in to help with taxes (although it didn't help since FL doesn't base taxes on the difference between sales and trade-in, only on sales tax - ouch).

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