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Old 05-26-2009, 01:05 PM   #21 (permalink)
fly yellow
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Join Date: May 2009
Location: Baltimore, MD
Posts: 455
Drives: 09 yellow 370z
Rep Power: 265
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Quote:
Originally Posted by darklocust View Post
I went to a dealer in Folsom, CA and they offered me 12K trade-in and the rest on 12.95% APR because of my short sale. I told them that I'm selling the car for ~$16500 on Craigslist and wanted me to sign the loan. They said they were doing me a favor because 1) I was able to qualify for the loan given my situation and 2) they would give me 5 days to sell my car or they take it in. I walked away at that point. Keep in mind my 03 350Z has about $10K of stuff in it and KBB is about $14K IF stock.

Damn stealerships... trying to get my car for $12K. F no.
Is 14,000 the kbb value for private sale or trade in? The 10K in stuff you added really means nothing. I've learned that in the motorcycle world. It really only means anything if the stuff you added is the exact stuff that a potential buyer would want, but even if it is, the buyer probably won't show their hand and tell you. Can you take the stuff off and sell it on your own? I'm sure the dealership would still give you 12k for it even if it was stock.
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