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THE_SilverBullet · 08/14/2008, 09:20 PM

Very good info!

I would like to ask a few questions if its ok.

First, my ex-boss used to sell cars in the past and I remember him mentioning to me that dealers will list the sticker price about 8-10% higher, which leaves them room for profit/haggling. So if a car was $20,000 sticker price, you could haggle $2000 (but they wouldnt accept $2000 less because then they would not have any profit), but you could haggle down to $18500 or $19000, is this accurate or correct?

Second, if I have a trade-in (such as my 2000 3G GT), wouldnt I be better off selling it privately to get more money for it? If I sell it to the dealer for trade-in, they're not going to give me full price, because they have to take the time to make any minor repairs, inspect it, then sell it for higher then they gave me for trade-in so they can still make a little profit on it. Correct?

Third, are "car buying services" a good idea? My credit union offers a car buying service for like $200 but they supposedly find the car with the options you want, the color, etc, but do not know how good a deal you can get on the price though. Any input?

Thanks alot!

08/14/2008, 09:20 PM	#62 (permalink)
THE_SilverBullet Old Skool Member Join Date: Mar 2005 Location: Greenbelt, MD Vehicle: 2000 Silver GT Posts: 991	Very good info! I would like to ask a few questions if its ok. First, my ex-boss used to sell cars in the past and I remember him mentioning to me that dealers will list the sticker price about 8-10% higher, which leaves them room for profit/haggling. So if a car was $20,000 sticker price, you could haggle $2000 (but they wouldnt accept $2000 less because then they would not have any profit), but you could haggle down to $18500 or $19000, is this accurate or correct? Second, if I have a trade-in (such as my 2000 3G GT), wouldnt I be better off selling it privately to get more money for it? If I sell it to the dealer for trade-in, they're not going to give me full price, because they have to take the time to make any minor repairs, inspect it, then sell it for higher then they gave me for trade-in so they can still make a little profit on it. Correct? Third, are "car buying services" a good idea? My credit union offers a car buying service for like $200 but they supposedly find the car with the options you want, the color, etc, but do not know how good a deal you can get on the price though. Any input? Thanks alot!