Dealerships make bank from used cars sales, PLUS they are getting you to buy a new car from them, so that's profit on top of profit.

I just got called about a 2017 Toyota highlander, just ridiculous. It’s like a new car still.

Anonymous wrote:

Anonymous wrote:Kelley Blue Book. Google it.

Don't be a D*ck. I am well aware of KBB. I was looking for anyone who has done this before. Don't bother responding if you can't contribute.

cum dumpster.... it was a contributory post. just not enough info. But that info is likely in the small print on the junk mail you received. you were just too lazy to read it.

Most dealers will give you 125% of KBB fair wholesale value for your car.

so no it won't likely be a good deal IE not even a break even for you in all likely hood. Dealerships don't make money by giving stuff away....

but they would be willing to finance the difference though into your new car purchase.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You have a 6+ yo car that *still* isn't paid off, and you want to know if it's a good idea to trade it in and get another one, because it may be a good deal?

No. Not it is not.

Keep the car, save some money, and when its paid off, trade it in and buy a Honda. That'd be a good deal.

OP here, I actually bought it used off a lease and have only had a couple of years. That's part of why I was surprised they wanted to buy it...I thought it would have depreciated too much by this point to be of value.

You're on their mailing list you idiot, they want to buy everyone's car back.

^^F8ck off, d*ck.

Anonymous wrote:

Anonymous wrote:You have a 6+ yo car that *still* isn't paid off, and you want to know if it's a good idea to trade it in and get another one, because it may be a good deal?

No. Not it is not.

Keep the car, save some money, and when its paid off, trade it in and buy a Honda. That'd be a good deal.

OP here, I actually bought it used off a lease and have only had a couple of years. That's part of why I was surprised they wanted to buy it...I thought it would have depreciated too much by this point to be of value.

You're on their mailing list you idiot, they want to buy everyone's car back.

Common sales tactic. We even get this for our Chevrolet, so not just used for luxury cars.

Anonymous wrote:Do you post a topic on every piece of junk mail you get?

+1

OP- have you seriously never heard if this sales tactic??

Anonymous wrote:You have a 6+ yo car that *still* isn't paid off, and you want to know if it's a good idea to trade it in and get another one, because it may be a good deal?

No. Not it is not.

Keep the car, save some money, and when its paid off, trade it in and buy a Honda. That'd be a good deal.

OP here, I actually bought it used off a lease and have only had a couple of years. That's part of why I was surprised they wanted to buy it...I thought it would have depreciated too much by this point to be of value.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What kind of car is it?

MB C300

OP, this is just something that the local MB dealerships around here do. I get weekly postcards from Bethesda Euromotors and Tysons Mercedes Benz to buy my 2011 ML350. They want to temp you with buying another car. I got one Saturday from Arlington MB to pay me about 40% over KBB value if I bought another car. But I'm saving Bessie for my teenager.

+1. This is a pretty common tactic, and not just for MB. They offer to buy your car, have you wait in the showroom with the new cars while they look at your old car, low-ball you on the purchase price for your old car and then tell you they could do better on trade-in if you were interested in a new car (which you’ll be more inclined to consider since you’d need something to replace the car you’re selling).

Thanks--that's what I thought!

You have a 6+ yo car that *still* isn't paid off, and you want to know if it's a good idea to trade it in and get another one, because it may be a good deal?

No. Not it is not.

Keep the car, save some money, and when its paid off, trade it in and buy a Honda. That'd be a good deal.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What kind of car is it?

MB C300

OP, this is just something that the local MB dealerships around here do. I get weekly postcards from Bethesda Euromotors and Tysons Mercedes Benz to buy my 2011 ML350. They want to temp you with buying another car. I got one Saturday from Arlington MB to pay me about 40% over KBB value if I bought another car. But I'm saving Bessie for my teenager.

+1. This is a pretty common tactic, and not just for MB. They offer to buy your car, have you wait in the showroom with the new cars while they look at your old car, low-ball you on the purchase price for your old car and then tell you they could do better on trade-in if you were interested in a new car (which you’ll be more inclined to consider since you’d need something to replace the car you’re selling).