I am getting screwed by the dealer that I ordered my Camaro from. My car is expected in this week so I took my trade in on Saturday morning for them to look at.
Well, after alot (alot) of research I came up with a value for my trade which is the same value listed on edmunds, blackbook online, nada, you know the "respected" vehicle value sites. When evaluating my trade I always pick "clean" or one down from the best catagory to get a good idea what to expect.
Now my trade, a 2005 Equinox LT AWD, has 40K and is excellent condition! I mean excellent. Trade value is 10K on average between the three sites. The dealer comes out with a price of 8000
because they only pay AVERAGE price out of Black Book. He even showed me the book.. Average was 8225 and Clean was 9998.
To make a long story even longer, they have a 2005 Equinox LS FWD on the lot asking 13999. So I asked what they planned on listing my 8000 LT AWD with Leather for... 15999? It would be listed for more than the LS though. His response was " I don't know what we have in the other car, but we don't expect someone to pay that" No... they expect to sell it for maybe 3000 off the asking price... at most. So the LS Equinox which was listed in Black Book Average for 6100, they expect to sell for 11000?
He also showed me the column in black book what the banks are willing to lend for each vehicle... My trade was 10100. The LS on the lot the bank would lend 8600. So if I am doing my math right, they list the LS for 13999. Sell it for 11000 (no less) and the bank will only lend 8600???? So your customer has to come up with 2400 cash PLUS tax and title = 3300 down!!
What does that mean for my trade? About 4200 down!
GIVE ME A BREAK!
I am getting screwed
because they think they have me backed into corner. If they don't get their act together, this car will be available soon. In the end it is just a car and I am not taking it in the a$$ any more than I am on the Camaro.
So, the deal was 500 over MSRP or 32,490. If you are interested, seriously interested, and things fall through I will give you the phone number of the new car manager I am dealing with.
I just hope you don't have a trade!!