This is directed more towards sales managers, or anyone who routinely puts a value on cars. A friend of mine is trying to trade in a 2006 Infinity G-35 sedan. Metallic Red (not sure the name of the color), it isn't a sport, and has 86000 miles. They are trying to trade it in and pick up a Lexus IS250. Just trying to get an idea of what it is worth. It isn't in pristine condition, but it is a far sight better than average. The dealership she is working with won't go any higher than 10,500. Pay off is just under $15000. Just looking for some input from people who are still in the industry. Black book lists good condition at 13750 I believe.
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Originally posted by black2002ls View PostThis is directed more towards sales managers, or anyone who routinely puts a value on cars. A friend of mine is trying to trade in a 2006 Infinity G-35 sedan. Metallic Red (not sure the name of the color), it isn't a sport, and has 86000 miles. They are trying to trade it in and pick up a Lexus IS250. Just trying to get an idea of what it is worth. It isn't in pristine condition, but it is a far sight better than average. The dealership she is working with won't go any higher than 10,500. Pay off is just under $15000. Just looking for some input from people who are still in the industry. Black book lists good condition at 13750 I believe.
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Originally posted by FreightTrain View PostLooks like she is upside down. Now the only question is by how much.Originally posted by LeahBest balls I've had in my mouth in a while.
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Originally posted by black2002ls View PostThanks for that shocking revelation. I was looking more for some input on what trades are doing in the current market vs. black book pricing. I would prefer to have an inside on industry trends in the market area before I try and help out.
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Originally posted by onemeangixxer7502 View PostYou can't help her if she's hooked man, they may not even use black book they may run averages from manheim, figured lowest what you see in black book and take off a grand.
Originally posted by 8mpg View PostStop by Carmax for a second opinionOriginally posted by LeahBest balls I've had in my mouth in a while.
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Originally posted by black2002ls View PostReally? Last time I worked a car deal a 1500-2000 swing made a huge difference between getting a car in someone's price range and not getting in someone's price range. Upside down or not.
I'm pretty sure that is going to happen next week.
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Originally posted by onemeangixxer7502 View PostIts not about getting them in their range, its about making money and keeping them happy, if you can't bump their monthly payment a few bucks your doing it all wrong.
This thread isn't about bickering about car sales practice, doing it right or wrong, again, its simply to see what the buying trends are at dealerships. As for the black book comment. I've worked for the auto group. I know what method they use. I also know that in some instances, they will call the owner of the auto group to see if there is more money in the trade. Again, just want to make sure I am not way off base with the numbers I have seen versus the condition of the car.Originally posted by LeahBest balls I've had in my mouth in a while.
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Originally posted by Trip McNeely View PostLOL! Yeah, so they can offer you about 5 grand less than that. Carmax is a fuckin joke.
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I keep an eye on G35 sedan pricing (I love mine so much I'm considering putting my wife in one) and while 10,500 may be a little low for a 2006 with that milage, it's not insanely low. There are similar year/milage cars going for 13K retail all over the place. If you take that into consideration, how high do you expect the dealer to go? They plan on making money on that trade in.
In my experience, CarMax can be hit or miss, but in general I think their offers are on the high side.
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Originally posted by BLAKE View PostI keep an eye on G35 sedan pricing (I love mine so much I'm considering putting my wife in one) and while 10,500 may be a little low for a 2006 with that milage, it's not insanely low. There are similar year/milage cars going for 13K retail all over the place. If you take that into consideration, how high do you expect the dealer to go? They plan on making money on that trade in.
In my experience, CarMax can be hit or miss, but in general I think their offers are on the high side.Originally posted by LeahBest balls I've had in my mouth in a while.
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