So I had a question about trading a car in. According to KBB, my Miata is worth more than the car I want to trade it in for. Is it possible to do an even trade on a car through a dealership? It seems impossible to me.
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March 26, 2011 7:36 p.m. Drewsifer Dork
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March 26, 2011 8:49 p.m. grafmiata Dork
Yeah, it is possible. But it's most likely a situation where the dealer knows it can make at least a few bucks selling your trade-in Miata, while eliminating a car from the lot that they just want to be gone.
That being said, a few years ago the Mazda dealership I go to for random parts took an NSX in on trade for a used '94 Miata R. Worked out well for both sides in this case.
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March 26, 2011 9:03 p.m. Datsun1500 Dork
Why not? Both cars are worth a certain amount. I know people that have traded cars and got cash back.
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March 27, 2011 6:14 a.m. ddavidv SuperDork
Why not sell yours private party and pocket the difference? Having cash is also a much stronger negotiating tool with a dealer than a trade.
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March 27, 2011 7:31 a.m. Drewsifer Dork
ddavidv wrote:
Why not sell yours private party and pocket the difference? Having cash is also a much stronger negotiating tool with a dealer than a trade.
Cause 1) There really isn't a strong market for Miatas in my area, 2) mine requires some work which I'm sure will cause people to try low ball me, and 3) it's faster to trade it in.
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March 27, 2011 7:41 a.m. Woody SuperDork
How much are you looking for and what kind of work does it need?
I may be prepared to make you an insulting, low-ball offer.
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March 27, 2011 8:56 a.m. cwh SuperDork
Yeah, Woody. You and 1232432 others here!!
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March 27, 2011 12:00 p.m. integraguy Dork
I once went car shopping driving a '67 Mustang that was about 3 years old at the time. Because I was drivng it and I told the salesman I was looking for a used Cougar he wasn't too enthused. He said we might be able to work a deal but that the 2 cars were too close in value for him to want to take my Mustang in trade. At that point I said it wasn't my car, but my sister's, which made things a bit easier.
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March 27, 2011 10:22 p.m. Drewsifer Dork
Woody it needs a new Catalytic Converter, and there's some scratches and marks in the paint.
I'm trying to trade it in for a wagon of some kind, around 5k.
