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Post by auroralover on Mar 12, 2005 5:28:05 GMT -6
Local dealer here in Cincinnati has had a 2001 4.0 on their lot since at least September of last year, maybe longer. They were asking a little over $18000 back then and would not budge off that price. I drove by there yesterday, and they still have it on their lot! I called and they are now asking $15900 for it. It is the same color as Robert's, with the chrome wheels and all of the options. It has 46000 miles on it. I figure they have 9-11 grand in it. What would you offer for this car? It is in great shape. I'm thinking of offering the 11500 and see what happens from there. What would you guys offer? I'm going this morning to test drive it. Edmunds has this car at a trade in value of 10527, with a dealer retail of 14635, by the way. I dont like KBB numbers, I think they are geared toward the dealer, what with low trade values and high retails.
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Post by OldsMike on Mar 12, 2005 6:57:12 GMT -6
The price of anything is what somebody will pay for it, right now.
I'd start with 10k and not seem interested. The worst they can do is say no. It depends on how badly you want the car. The market is in bad shape for used cars and may be a real opportunity for you to get a excellent deal.
Good Luck!
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Post by Letitroll98 on Mar 12, 2005 13:33:32 GMT -6
Everyone looks at the retail listings on Edmonds, NADA, and KBB. I suggest going up from the trade-in value as that's the price that will make a decision for the dealer as to whether to accept the offer or not.
NADA lists the trade-in value as $12,500 adding $550 for low mileage, $300 for Bose, $625 for sunroof, and $50 for Theft Recovery System options. This gives a total of $14,025 for a fully loaded 4.0 with the stated mileage. Add in dealer profit of $500-1,000 and you could offer $14,500 and maybe accept $15k flat as the top price you would pay. Remember to deduct something for any paint flaws, interior wear, tire wear, etc. It's best to do this deduction in from of the salesman. Best of luck.
P.S. You can of course go with the lowest figure from the various pricing sites. The dealer will retort with the highest.
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Post by rocketman on Mar 12, 2005 20:41:40 GMT -6
Let's say I take a look at the dealer auctions and see what they are running. To me that is the real benchmark of what it is worth to the dealer since they would bring it to auction if they did not think they could sell it on the lot.
I'll browse tonite or tomorrow. I haven't used my brother-in-law's login for a while and I may need to get his newest logon. I'll report back. Of course you can't tell condition from the auction site.
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Post by rocketman on Mar 12, 2005 20:56:44 GMT -6
Two hits at the auction:
63,000 miles --- $10,600 57,500 miles --- $10,700
Sounds like somewhere around $11,000 is your number!
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Post by auroralover on Mar 13, 2005 6:29:58 GMT -6
Thanks, rocket, I assume those two hits you got also included the same options, or is there any way to tell? Either way, that is pretty close to the 11500 I am going to offer. Lets face it, as much as we all love these cars (this will give me 3 if it goes through), they are not commanding great prices. I mean, this car has been there at least 5-6 months. At what point does the dealer just get rid of it, even at a greatly reduced profit? I may offer 10000 just to see what happens. Nothing to lose, right? We have a saying in the bakery business-If you don't ask, the answer is always NO. I'll keep you updated.
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Post by rocketman on Mar 13, 2005 7:50:11 GMT -6
You can only tell major options. Since the '01 4.0 was loaded anyway, there should not be too much variation. The major options were sunroof and CD changer.
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