I am trying to trade my 2001 GC in on a Toyota Sienna.
The dealers will give me a decent discount without a trade in, but will only
give me $3000 for my GC.
The guides say it is worth $5,000 to $6,000. I am calling it fair condition
because it has some scuffs etc.
Any explanation for this?
I don't want to beat my head against the wall if it is only worth $3000
They don't want your trade. It's that simple. Take the discount and
give someone a good deal on your van privately and come out ahead.
There are too many used GCs on the market - the lots are full of them,
and the auctions too. (at least up here)
Posted via a free Usenet account from http://www.teranews.com
Your trade isn't what they want to sit on their used car lot. That
means they would send it to the wholesale auction. They can probably
buy a vehicle like yours at auction for little more than the $3000 offered.
Trading in a vehicle is almost always a losing deal. People do so for
convenience and take the loss. Sell it yourself.
In some states trade ins will save on taxes. In AZ for instance taxes
are paid on the difference between the new cars price and the trade in
amount. On an expensive trade in the savings might make up for the
lower trade in amount.
> They don't have lousy resale value, they have no value at all.
> into anchors works pretty good though........
Since it still runs good and has never been a problem for her, she plans
on keeping it a while longer... No point in making it into a boat
anchor just yet.
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