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Originally Posted by JDubya Trade prices are not vague in the manner you are describing, they are vague based on things like location(supply/demand in the area's market) and maybe the
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Join Date: Jul 2009
Location: NJ
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Drives: 08 Subaru Legacy GT
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Most trade-in sales involve buying a new car at price X and getting price P for your trade in. Basically, you're paying: X - P. However, if you jack up the price of the brand new car, you can jack up the price of the trade in. X - P = (X+5) - (P+5) Hence, if you look solely at the "trade in" price, it seems like you're car is a lot more valuable than before (ie. P+5). Obviously I've not taken into account things like tax savings and such, but the basic idea is clear. The only way to truly determine what a car is worth is a straight sale to a dealer. How much would the dealership pay for your 370z if that is the only part of the transaction? |
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