Originally posted by RB
first off, the trade-in value is ~4500, and we all know dealers rip you off on a trade in. Secondly, the dealer retail price is ~7200 which to me is significantly less than the 5,700 private party value I quoted earlier.
allow me to educate you..
KBB trade in value is NOT what you will recieve from the dealer... no matter how purty and perfect your car is. its higher. he would be lucky to see 3-3.5k from a dealer for the 240 if that was the case... and thats older cars.. the margin spreads the newer the car, i promise. then there's banks and credit unions. they look at your credit and decide what they'll loan you for a car based on its value. the better your credit the higher percentage of the
wholesale/trade-in value they'll loan you... buying a car for anymore than 100% of the value of the car is retarded. the value of the 240 in question is 4500 dollars (wholesale/trade-in). and that drops with work needed, because KBBs computers cant see and inspect the car, they relay[sp] on your judgement (who isnt going to make excellent on their vehicle?)
see where im coming from? the car has an ACTUAL CASH VALUE as it sits right now. and buying a car for more than that, you know my opinion already
