Dealers offering NADA on trade-in?

Thread Tools
 
Search this Thread
 
  #1  
Old 07-10-2008, 09:58 AM
Piolet's Avatar
Piolet
Piolet is offline
Posting Guru
Thread Starter
Join Date: Oct 2006
Location: Francestown, NH
Posts: 1,693
Likes: 0
Received 3 Likes on 2 Posts
Dealers offering NADA on trade-in?

Hey all,

A few years ago when I wasn't looking for a truck, I got a letter in the mail from a local dealer that I'd done some business with. They had a program where they were offering NADA value guaranted on your trade in if you bought a new vehicle from them.
This morning it was jogged in my memory by a radio ad. A local Harley dealership is offering 10% above NADA on your trade if you buy a particular model they're trying to push.

I'd love if this came back. Now I am looking for a new truck but can't buy anything because I've lost all the value in my existing because of the way the market has gone ... right when dealers can't give diesel pickups away

Anyone else hear of anything like this?
Let me know, even if you're on the opposite coast I'd drive 3,000 miles for such an offer!!
 
  #2  
Old 07-10-2008, 12:35 PM
BigF350's Avatar
BigF350
BigF350 is offline
Hotshot
Join Date: May 2004
Location: Melbourne, Aus
Posts: 18,790
Likes: 0
Received 14 Likes on 9 Posts
What do you have to trade? just out of curiosity... I am sure that will have a serious impact on such an offer.
 
  #3  
Old 07-10-2008, 02:44 PM
BIGKEN's Avatar
BIGKEN
BIGKEN is offline
Moderator
Join Date: May 2007
Location: Greenfield, MA
Posts: 148,371
Received 7,150 Likes on 4,215 Posts
Call me...you're only about 1 1/2 hours away!!! 800.356.0075

Ken
 
  #4  
Old 07-11-2008, 02:31 PM
WhëëlMå1's Avatar
WhëëlMå1
WhëëlMå1 is offline
Super Moderator
Join Date: Oct 2002
Location: MA
Posts: 8,542
Likes: 0
Received 2 Likes on 2 Posts
^^ Give Ken a jingle. I am sure he will treat you right.
 
  #5  
Old 08-20-2008, 09:46 AM
JIM_C's Avatar
JIM_C
JIM_C is offline
Elder User
Join Date: Jul 2008
Location: Tucker, GA
Posts: 599
Likes: 0
Received 0 Likes on 0 Posts
I test drove at a local dealer last week. This week I got a letter from them telling me how valuable my 03 is to them, how they desperately they need used vehicles, and that they'll give me top dollar for my trade. That's sure a different story than what I hear on these boards.
 
  #6  
Old 08-20-2008, 01:34 PM
jasongt06's Avatar
jasongt06
jasongt06 is offline
Senior User
Join Date: Mar 2006
Posts: 117
Likes: 0
Received 0 Likes on 0 Posts
it is nothing but a gimmick to get you on the lot.
 
  #7  
Old 08-20-2008, 03:30 PM
FordxFour's Avatar
FordxFour
FordxFour is offline
Posting Guru
Join Date: Jun 2004
Location: Apex, N.C.
Posts: 2,433
Likes: 0
Received 1 Like on 1 Post
Originally Posted by JIM_C
I test drove at a local dealer last week. This week I got a letter from them telling me how valuable my 03 is to them, how they desperately they need used vehicles, and that they'll give me top dollar for my trade. That's sure a different story than what I hear on these boards.
The only value your 03' is to them is if they can rape you on the trade-in, then rape the purchaser of it on the retail...
 
  #8  
Old 08-20-2008, 04:12 PM
JOAT101's Avatar
JOAT101
JOAT101 is offline
Freshman User
Join Date: Jan 2006
Posts: 39
Likes: 0
Received 0 Likes on 0 Posts
i was told by the dealers that nobody uses the nada anymore. they all use the "black book"

they all just jump on the auction website and wing out some rediculously low number.

nada shows my truck listing at around $12000
dealer #1 offered $4500
dealer #2 offered $6000

absolutly rediculous around here. dealers just don't want to sell anything i guess.
 
  #9  
Old 08-21-2008, 07:17 PM
BIGKEN's Avatar
BIGKEN
BIGKEN is offline
Moderator
Join Date: May 2007
Location: Greenfield, MA
Posts: 148,371
Received 7,150 Likes on 4,215 Posts
KBB...Nada...EDMUNDS...are only guides that don't necessarily reflect true market value on a vehicle. The true market value is set by folks who buy them at any one of the dealer auctions across the nation. No matter how nice your particular vehicle is...there are some that are just as nice each week at the auctions. If your vehicle is selling at auction for $10,000 and the "BOOKS" say it's worth $14,000...who's right??? Until the "BOOKS" will write you a check...it's the auctions...whether you like it or not.

The truth of the matter is that there are a lot more trucks than buyers...both new and used. Some dealers are offering $15,000 or more off the price of a new truck!!! That pricing strategy has a trickle down affect on the entire market.

When you research on line how much your trade is worth...when you find the top price...look for the "Print Check" button...I haven't found it yet!!!
 
  #10  
Old 08-22-2008, 08:07 AM
JOAT101's Avatar
JOAT101
JOAT101 is offline
Freshman User
Join Date: Jan 2006
Posts: 39
Likes: 0
Received 0 Likes on 0 Posts
Hi Ken,

i do realize that there are fluctuations in the market, especially now. I'm not here to **** anyone off or anything. My big issue is that my truck book value is around $13000. when the dealer comes back and tells me he can only give me $4500, it seems like a big ripoff. combine that with the fact that this dealer had one 2 years newer than mine, comperably equipped with more miles on it and they had it on the lot for $16995.
 
  #11  
Old 08-22-2008, 09:32 AM
JIM_C's Avatar
JIM_C
JIM_C is offline
Elder User
Join Date: Jul 2008
Location: Tucker, GA
Posts: 599
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by BIGKEN
When you research on line how much your trade is worth...when you find the top price...look for the "Print Check" button...I haven't found it yet!!!
Ken, it's right next to the "Get me another beer" button. It's great! Try it!
 




All times are GMT -5. The time now is 08:41 PM.