Don't Get SCREWED on Your Trade-In | How to TRADE-IN 2024

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CarEdge

CarEdge

Ай бұрын

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Zach visits the esteemed Gotcha Motors to trade in his old 2021 Ford F-150 Lariat for a brand new truck. However, they lowball him! Armed with Kelley Blue Book and Manheim auction data, Zach sets out to convince salesman Ray to give him more money for his truck.

Пікірлер: 201
@scottferris6309
@scottferris6309 Ай бұрын
The fact that KZbin content creators put out dozens and dozens of videos advising people how not to get ripped off by dealers just goes to show how slimy the car business really is. KZbin content creators aren't cranking out dozens of videos advising people how not to get ripped off when buying a tv, a lawn mower, a washing machine, or any other products. I can honestly say having a root canal was more pleasant than my most recent car buying experience.
@wpgspecb
@wpgspecb Ай бұрын
Maybe you have unrealistic demands? Walking away is the customers superpower.
@philipadriance8974
@philipadriance8974 Ай бұрын
I once told a car salesman I’d rather be having a roof canal then talking to him
@kevinsito0801
@kevinsito0801 14 күн бұрын
A root canal??? I think a root canal is actually kinda fun. Maybe a kidney stone is more comparable to being better than dealing with a car dealership. 😅
@GoldenBoyFlorida
@GoldenBoyFlorida 11 күн бұрын
@@kevinsito0801 💙😍👍
@tv92taylor
@tv92taylor Ай бұрын
One of the biggest negotiating tactics people miss in these videos is Anchoring. The dealerships attempt to anchor us with their number so all negotiation is starting there. The buyer needs to shift the negotiation by anchoring at a specific number and negotiating from there by having the power to walk away. When these negotiation videos don’t include a clear anchor on the buyer side, they aren’t nearly as valuable.
@yung_iroh
@yung_iroh Ай бұрын
Great point!
@Alan-BonneyLake-yr2ry
@Alan-BonneyLake-yr2ry Ай бұрын
The biggest mistakes buyers make is being impatient or becoming emotionally attached to a new car. There will always be another one available from a different seller. Walk out if the deal does not feel right.
@emiliog.4432
@emiliog.4432 Ай бұрын
Ray is correct here. If you overpaid for a vehicle, that’s on you. Trade ins don’t get as much as people think.
@ckm-mkc
@ckm-mkc Ай бұрын
A conversation like this and I would be straight out the door. Last time I bought something at a dealer I gave them a number and said "take it or leave it". There was zero negotiation.
@WillardForbes
@WillardForbes Ай бұрын
First time commenting ever. This is the ( and other topics you do) kind of stuff I enjoy you guys doing. I’ve been watching for over a year + and you guys have truly educated me from earlier blunders in my life. Please keep up the good work guys. Take care
@nategohawks1535
@nategohawks1535 Ай бұрын
Love your guys content please keep it up!
@AlexBAlixir98
@AlexBAlixir98 Ай бұрын
This Info is awesome. Thank you
@TaylorKay619
@TaylorKay619 Ай бұрын
Thank you for this! Very helpful! Please do more trade in videos for this year
@rattlecat5968
@rattlecat5968 24 күн бұрын
*"My pleasure, Handsome..."* Love that! I call my son, *"HANDSOME,"* too!
@jeffreylinde4381
@jeffreylinde4381 5 күн бұрын
I’ve been chased to the edge of car lots, called and kept dealers open hours after close more times than I can count. It’s a dance that makes me have a love/hate relationship with these slimes!
@pamc3338
@pamc3338 Ай бұрын
My '15 Crosstrek XV has been involved in 3 accidents. The 1st minor, #2 was just the front bumper but #3 was borderline totalled. Coupled with a few age related issues, it has 55, 000 mi and fantastic gas mi. I'd sell but the thought of dealing with another car salesman gives me high blood pressure.
@George-on3zm
@George-on3zm Ай бұрын
Good video! Keeping it semi short and to the point!!! I always do my homework. That’s a great idea. Also to do the auction website to see what they are going for. But KBB helps alot. Just keep in mind that you should get close to what the trade-in value is. Don’t let a dealership tell you well this is our KBB piece of paper that shows what it’s worth. That’s total BS because their numbers are coming from something a little bit different. Remember these dealerships told everybody the last couple of years we are paying KBB money!!!
@wt9653
@wt9653 Ай бұрын
I got my price on my trade in. I washed and waxed my 2017 Honda CRV EX with 108,000 miles. The KBB says 15,500 for the excellent condition. I got 15,000 on the trade in and paid 38,500 on the New 2023 Honda Ridgeline RTL HPD with 6 miles on it. The asking price was 46,500. 😊 They sold the trade in for 20,000 the following week. We are both happy.😊
@km6731
@km6731 Ай бұрын
ive paid about 11000$ in repair bills and maintenance and 5000 for a van in the past 7 years and only put 50000 miles on. Not sure if i would have been better off buying something with less than 150000 miles. How much did the honda cost you just to buy in 2017?
@wt9653
@wt9653 Ай бұрын
@@km6731 27,500 with destination/plus tax/proper paperwork. 31,500 out the door price. The 2023 Ridgeline 38,500 price includes destination fee. The original price was 40,000. By financing, I got 1500 dollars credit. I'll pay it off in a couple of months. Paying cash was my original plan. Of course, you have to add sales tax to the final price.
@shirleygorre6003
@shirleygorre6003 Ай бұрын
Please give me the name of the Dealership that sold you that 2023 Ridgeline for $38,500. I want that same deal.
@edgaracevedo9658
@edgaracevedo9658 Ай бұрын
You did great! Some people spend time on negotiating trade in and then get ripped off on new car. If someone wants lets say $1000 more for their trade in and dealer gives in, they can easily find a way to make up for it these days with mark ups, add ons, adm fee or whatever sleezy tactics they use these days...
@wt9653
@wt9653 Ай бұрын
@@shirleygorre6003 Interstate Honda Chehalis WA The reason why they gave me a good deal. They wanted my 2017 Honda CRV just as much as I wanted a good deal on the Ridgeline. It started out as 43000. After I showed them my trade in. We agreed on 40,000 dollars. Honda finance also gave me 1500 dollars credit for financing. I got a great deal on my trade in. 15,000 dollars was a excellent on KBB with 108,000 miles on my odometer. You have to start with something to offer in order to get a great deal. The dealership sold my trade in the following week for 20,000. They made 5,000 in profit. We are both happy.
@mnmn1665
@mnmn1665 Ай бұрын
Yeah, sure, a Salesman will go to his boss and fight for the customer. You guys are great. Thanks.
@AlderaansRanger
@AlderaansRanger 24 күн бұрын
CARFAX is offering me $10,400 for my 2018 Honda civic with 97k miles. I’m inclined to do that as I want either a RAV4 or a 4Runner now that I live in a place that snows. Just dreading the whole car buying experience
@raymondrizzuto7997
@raymondrizzuto7997 Ай бұрын
Could you post links to where to get the kbb auction and manheim values?
@johnhartman8573
@johnhartman8573 Ай бұрын
Why did Zach settle at $35000 when all the data pointed towards a much higher value even in fair condition? How did you determine, trade in was ONLY worth $35000? It appears you left money on the table.
@2001chevycamaross
@2001chevycamaross Ай бұрын
That was exactly my point. The truck should be worth more than auction value since they don't have to pay fees or transport. Thats like telling someone a burger is 15 at a restaurant, but if we bring it to YOU, it's 10. Why would anyone ever choose to go to the restaurant?
@XX-166
@XX-166 Ай бұрын
He made up the extra money in the sales tax savings(37,500) and everyone walked away thinking they got something out of the negotiations.
@tomgroth2898
@tomgroth2898 Ай бұрын
Today this is unrealistic. I would have got up and left with that starting number. Dealers need used inventory and to much new inventory on the lot. My last vehicle I negotiated through email and phone calls and then just had to sign some paperwork. If they don’t want to do this over the phone, move on to the next dealer. Also, get multiple offers for your trade in writing and bring them. Start there and avoid this unnecessary back and forth.
@nateholio1
@nateholio1 Ай бұрын
These guys are good. Makes me want to go negotiate
@hokie9910
@hokie9910 Ай бұрын
I have found buying a really good used car, preferable Toyota or Lexus, and driving it for a very loooong time before getting rid of it is usually the best idea. When your ready to sell it,sell it private party and move forward. Buy another one, and drive it 250-300k miles and repeat. You will find yourself not buying cars very often by doing this.
@sebastionhastings9009
@sebastionhastings9009 Ай бұрын
U DWIVE TOYOTAAA LONGGGG TIMMMEEE???
@BTC909
@BTC909 Ай бұрын
I tried to do that with a Dodge. Yeah that didn't work out so well. I should have been looking at other auto brands.
@hokie9910
@hokie9910 Ай бұрын
@@BTC909 Hey, at least you learned after your first time. I know people who have made that mistake over and over and over and over again….most unfortunate. What are you driving now?
@BTC909
@BTC909 Ай бұрын
@@hokie9910 An '06 Vue with it's Honda Engine & Transmission. Around 212K now.
@mbv0223
@mbv0223 Ай бұрын
Agree! My Lexus is a 2012 and husband drives a 2007 Camry. Both still going strong.
@voxspitmusic1289
@voxspitmusic1289 Ай бұрын
Just in time 🎉🎉
@Snowboarder16
@Snowboarder16 21 күн бұрын
I like the way Ray says stuff
@P-Bizzy
@P-Bizzy Ай бұрын
I’ve seen my trades flip onto the lot the same day. One didn’t even get washed. There is no way dealers are spending thousands to recondition.
@kathyrobertson4493
@kathyrobertson4493 Ай бұрын
They usually just have them detailed but want you to think they’re doing all kinds of things.
@ronyeahright9536
@ronyeahright9536 Ай бұрын
I agree, I think thats the only part of this video I disagreed with. No way the average recondition to flip is costing 2-2.5K.....even if they put 4 new tires on, and thats a big "if", and then detail it a little, they are likely still well under 1k.
@corrielyke3383
@corrielyke3383 Ай бұрын
Is a Fisker Karma a good trade in?
@tsmith3096
@tsmith3096 Ай бұрын
I’m trying to find the video where you guys discuss the amount of time on a lot a vehicle sits and what kind of deal you should get.
@stryker120ski4
@stryker120ski4 Ай бұрын
i hate when u trade in a car and they low ball you example 34000 and then they come back and say with the tax credit its more like 37k. when does tax credit and trade in value go hand and hand they dont, dealers that say that imop are scamming you, throwing you off with the tax credit savings, this tax credit savings has nothing to do with what the value is on your trade,
@nickpatton189
@nickpatton189 Ай бұрын
Where can we get that auction data?
@James-ql8bo
@James-ql8bo Ай бұрын
Love the videos 😂 How about some insight on what is actually going on when the salesman actually goes back to talk to management 🤔 I've always wanted to know what BS is being talked about.
@alwaysontimewithnic
@alwaysontimewithnic Ай бұрын
Brief conversation about the trade, than just a bunch of bobo about the family what movies you seen in the last couple of days. Nothing significant
@SmittyAZ
@SmittyAZ Ай бұрын
Keep a close eye on them, or have a friend do it. Sometimes, they don't even talk to anyone, if you look like the type they can BS.
@wendymontie5660
@wendymontie5660 Ай бұрын
Basic good condition autos that get traded in means: a good detailing needed. Which won’t cost what a person would pay on their own for a top detail because the dealer will have a lower cost. Unless there’s a slew of things like tires needing replacing, a cracked windshield…brakes/suspension, there’s NO WAY turning that car around (if staying on the premises for resale) ACTUALLY costs $2000-2500+/-.
@ben2720
@ben2720 Ай бұрын
I know it isn’t feasible for everyone, but sell your car private party if you can. It’ll always be more than a trade-in (Especially if you own it outright). Get a loan for the new car, sell your old one, and use the proceeds to pay against the loan.
@locknload4691
@locknload4691 Ай бұрын
Private party sales were mostly failures for me due to the potential buyers unable to produce the necessary cash to purchase my vehicles. The vast majority of those buyers had expectations that I would accept a payment plan even though my newspaper/weekly shopper classified ad (circa 1990s) and/or Craiglist's ad was unequivocal regarding payment, "cash or local bank/credit union cashier's check!" I encountered too many people lacking reading comprehension skills along with asking unnecessary questions concerning the vehicles' conditions when the answers they were seeking were already stated in the advertisements.
@reneeann5340
@reneeann5340 Ай бұрын
But the tax credit for the difference is nice on a trade
@jerrylundegaard2592
@jerrylundegaard2592 Ай бұрын
Not always. In most states you get a tax break on the price of the new vehicle for the value of the trade. That may offset any difference in the amount received when selling privately versus trading. Also, trading eliminates the effort and hassle associated with selling privately. You do, of course, need to know what your trade is actually worth.
@minusx31
@minusx31 Ай бұрын
Watch the trade in...sometimes dealers will give you want you want on a trade in but add the difference from the original trade offer into the price of the vehicle...so always double check your numbers at the financing office regardless of what the salesman told you the price of the vehicle is or the trade in number that you wanted will be!...
@ericnfara
@ericnfara Ай бұрын
I used to always sign up for Galves and bring that with me and always got what it said for trade in. Then I would aim to only pay $3k over galves for the car I am buying from them. (if it was used).
@dangoble9729
@dangoble9729 Ай бұрын
As a buyer with this information, am I allowed to take the info in to the sales manager since the sales person is apparently not wanting to?
@et6032
@et6032 Ай бұрын
Your guy's are the new becoming. And I hit the like button with warp speed.
@warpco312
@warpco312 11 күн бұрын
How do you buy the extra reports from KBB?
@kellyg1019
@kellyg1019 9 күн бұрын
the fact that they claim they spend 4 figures cleaning and inspecting a trade in or the one that really gets my goat. 850 for processing fee. even if you paid that person $50/hr (highly unlikely) it would take them 17 to process paperwork they do every day all day. I call BS Can't thank you guys enough for the videos. I'm about to start this process to upgrade my truck to pull my upgraded camper.
@lesterjohnson2691
@lesterjohnson2691 27 күн бұрын
What is the sales tax basis benefit?
@carlitosperez3092
@carlitosperez3092 Ай бұрын
What is the sale tax base benefit?
@RobertJohnson-gy9ky
@RobertJohnson-gy9ky Ай бұрын
I had one dealership begging me to trade in my car, and then they tried puking this crap on me and even used the "reconditioning costs" as an excuse. I laughed in their face. My car had 5,600 miles on it and was 13 months old at the time, and they literally did every service on it, including the big 12-month service/ inspection where they did a full video review. What exactly is required to "recondition" it? And this was all talked about when I went to go pick up the vehicle from service after they did the 12-month service/ inspection, oil change, tire rotation, and air filter. I hadn't even picked it up from service yet, lol. Unfortunately for them, this was a spare vehicle that I didn't really use.
@robertmedeiros5112
@robertmedeiros5112 13 күн бұрын
If you have a good trade in like I always do, if it is blatant that they are trying to screw you I always use “I don’t need a car. I want a car. You need to sell a car” That almost always gets them the first time. If that doesn’t work, I stand up, thank them for their time and start walking out. At that point they usually start to get nervous and scramble
@michaelnuzzo1475
@michaelnuzzo1475 Ай бұрын
I own my current car outright and will be trading it in and leasing my next car. Should I trade my car at the dealer and use the value (about $10k) toward the lease or should I sell it separately from the dealer? In essence I am using my trade in as my down payment, but I seem to remember you suggesting that I shouldn’t put money down on a lease. Guidance please.
@user-hr9yv7nu2f
@user-hr9yv7nu2f Ай бұрын
Don't use your trade toward the lease UNLESS the payments are of concern for you. That equity you have vanishes once you put it towards your new lease.
@saliou220
@saliou220 4 күн бұрын
What’s sale tax basis benefit?
@user-hm8wf8wv1m
@user-hm8wf8wv1m Ай бұрын
Here never have traded a car/ruck in. Also have never made a payment . Am the few no cash to pay no get. Also am not ashamed to have a older car. Just look for a lower milage few owner car. New and shinny is a wait of money. Look at it this way a repair is less than a payment.
@Daisy_92
@Daisy_92 Ай бұрын
Can I request to speak directly to the sales manager to inquire about a FUTURE factory order??? I somehow I feel as though bc I look young, if im not ready to purchase in at least a months time they, they'll relay info through the Sales Rep.
@-BrandonBell
@-BrandonBell Ай бұрын
I'm not having any luck finding auction values and looks like I have to create a login for Manheim. Anyone know how to find auction values?
@justinswan9473
@justinswan9473 7 күн бұрын
How and where do you find those comparable numbers you showed? Anyone can answer. I’m really interested in that
@krjohnson29
@krjohnson29 19 күн бұрын
Feel like I kind of got my trade stolen from me last time I bought a car... Definitely going in with more information next time! (Though hopefully that won't be for another 10+ years.. 😂)
@jamesc1396
@jamesc1396 Ай бұрын
what if I still owe money on my financed vehicle I want to trade in?
@hossahunter22
@hossahunter22 Ай бұрын
Is the website down??? nothing is working and I keep getting a black screen when trying to log in
@BluRadoZ71
@BluRadoZ71 Ай бұрын
I walked into a dealership my daughter was working at and tried to trade in my mint 20 Mustang GT Premium with low miles. I did ton of research and my trade in for an ok condition Mustang was 42k at the time. They offered me 32k. I was shocked. I was so pissed that i didnt even want ro negotiate.
@gregroyer2761
@gregroyer2761 Ай бұрын
Ray, Zach, what is y'all's stance on purchasing a service loaner. Looking at a '23 A6 with 5k miles. Really apprehensive about a car that's been potentially driven hard like a rental by 40 or 50 people.
@wpgspecb
@wpgspecb Ай бұрын
The stance ABA, anyone but audi. BUT , if you do buy one, purchase the longest extended warranty you can. Ask me how i know :(
@gregroyer2761
@gregroyer2761 Ай бұрын
@@wpgspecb yeah I ended up passing, I guess the loaners are a killer deal for a reason... What model did you have an issue with?
@eseir64
@eseir64 Ай бұрын
@@gregroyer2761 I disagree. They might be better than a preowned vehicle. I bought a Volvo with 5k miles which could have been used as a loaner and the car was flawless. They even added a CPO warranty and they sold it for $9K less than a new one.
@analyticspython7417
@analyticspython7417 Ай бұрын
Could you lower the monthly subscription fees to your website?
@josephkelleher8820
@josephkelleher8820 Ай бұрын
I wouldn't pay a subscription to any any website. TOTAL waste of money. Do the research yourself on buying and selling vehicles.
@nickj583
@nickj583 Ай бұрын
The part that always irks me is when the salesman says he's giving me a $$ tax savings. He's not giving me squat. its a reduction in sales tax that the state is giving me... Not him. It should not be considered in the trade in value or any other value.
@DB-be9wy
@DB-be9wy Ай бұрын
Dealers spend zero money on reconditioning. They slap a for sale sign on it as soon as they buy it from you because they already know when they buy it how much it is worth and what potential problems it has. If they know it has problems then they reflect that in the value of your trade which you pay for in less money for it.
@eseir64
@eseir64 Ай бұрын
So true. I traded in a car and after they paid it off (about 12 days), they tried selling it. I went to see the car just to see what they had done, and the answer is NOTHING. Absolutely nothing. The only thing they did based on the Carfax report was change the oil.
@shackrat2331
@shackrat2331 Ай бұрын
My franchise dealership spends about $1600 per for recon. I’m guessing you are dealing with a rock lot or a place that helps people that are not as fortunate as most. CIAO!!
@DB-be9wy
@DB-be9wy Ай бұрын
@@shackrat2331 No they don’t. As I said, the dealer knows how much a car will cost to “recondition” and they reduce their trade value by that much to the owner. The dealer does not pay anything for a recondition unless they find out the car has an underlying condition that they didn’t catch but those events are few and far between because dealers know cars and what to look for for each model.
@eseir64
@eseir64 Ай бұрын
@@shackrat2331 nope..... United Bmw in Atlanta (Penske)
@user-hr9yv7nu2f
@user-hr9yv7nu2f Ай бұрын
This is not necessarily true. For some dealers this is a source of income for the service department and trust me at some dealers it is ridiculously high but you also have the flip-side where it's just an LOF and thrown back on to the lot.
@webman1956
@webman1956 Ай бұрын
With the outrageous inflation of the sticker prices, I would think the salesmen would look like hero's after the appraiser of the trade in says that a car or truck is worth $35k and the salesman just takes money off of the inflated sticker and moves it over to the trade in saying he`ll give the person $40 grand for it and therefor looking like a hero as they walk away with a hell of a profit.
@phichi5488
@phichi5488 Ай бұрын
5 years ago a dealer in NJ was trying to offer me 14k for my 2015 Tacoma. I laughed and walked out. Ended up getting a 19k offer at a NY dealership. You gotta be willing to shop or drive to get the best deal.
@ronyeahright9536
@ronyeahright9536 Ай бұрын
just yesterday in nj i had a similar experience; i have a 2017 very good condition jeep cherokee trailhawk, relatively low miles for a 7 year old car, 68K.....kbb range was mid 14's to mid 17's......they offered me $13.5. Hot brand, hot car, hot used car market, and they literally offered me BELOW the kbb trade in value lowest range. I said " that's unfortunate", and walked out. They called me back this morning, and "we'll see what we can do for you". Ha. we'll see. The greed, it's unbelievable.
@ArticulateArena
@ArticulateArena Ай бұрын
Who does all the programming for your site, app, surveys etc. That's a lot of backend work. I always see you two as start ups but the algorithms you use are not trivial..
@wpgspecb
@wpgspecb Ай бұрын
6:50 Ok man, you won, you absolutely did not need to peacock. Unless you have no compassion for others, Just take the W, you have created a honest and trusting no BS relationship with a dealer/sales person who will remember you dont fuck around.
@joywyse6996
@joywyse6996 Ай бұрын
If I buy a Honda in Colorado but am moving to Arizona, can I register the car in Arizona?
@wpgspecb
@wpgspecb Ай бұрын
why not ?
@DemonBrandon
@DemonBrandon Ай бұрын
​@@wpgspecbAs long as you have an AZ address.
@2148aa
@2148aa Ай бұрын
Which state would you pay sales tax in???
@joywyse6996
@joywyse6996 Ай бұрын
@@2148aa Not sure on that one. I bought a car in Arizona and had it transported to Colorado. I paid some things here in Colorado but don't remember. I will making a move to AZ soon. The car I would like to purchase is here in Colorado. I don't want to have the hassle of paying two registrations.
@elliott3991
@elliott3991 3 күн бұрын
where did you get that number, oh that is wrong, we have it right here in these correct sources..and oh i am only making 100 dollars on this......They did this to me, but luckily i knew the auction price they had paid for the car
@eseir64
@eseir64 Ай бұрын
I do not even get into this back and fotrh nonsense. I go to Carmax cause they pay the most and higher than the BS Kelly Blue Book which is supported by dealers. CarMax is the only local place where you can actually walk out with a 7 day written offer. If the dealer is off by smaller percentage, then I know they at least are trying to get somewhere. If the dealer pulls one of these $10K below, I walk. That is it. Not there to play games.
@sincere355
@sincere355 Ай бұрын
My trade in offer went down $1000 in a week, only put an extra 150 miles on the car. I hate car dealerships.
@berniehf
@berniehf Ай бұрын
cheer's from Costa RIca
@michaelwood6050
@michaelwood6050 Ай бұрын
No big banks take kbb. Also, kbb is a guide and is slanted. Not used!!!!
@BTC909
@BTC909 Ай бұрын
So "in writing" the dealer should provide a detailed breakdown of the "reconditioning costs" to the Buyer. Ray from Gotcha Motors: Oh but, but, yeah I thought so.
@JackPaarthurnax
@JackPaarthurnax Ай бұрын
What is "Black book" vs Blue book?
@davedave2941
@davedave2941 Ай бұрын
Blackbook favors the dealer / blue book gives you closer to what your car sells for at auction aka wholesale (Mannheim auction data feed by COX data collection) and what others have paid for the same vehicle. Banks that own the floor plan go off NADA value ( driven by COX data) of how much lenders are willing to lend also ground w/in your credit risk (FICO 8). Until inflation settles down bank today are not financing above 100% - when the dealer says they can get you financed to include negative equity you carry into a new deal I.e lender finances 110 or 120% above NADA market values - also factor depreciation 20% after the 1st year
@thejourny7258
@thejourny7258 11 күн бұрын
I can't. Just take it 😔
@alwaysfishhard4953
@alwaysfishhard4953 19 күн бұрын
in this case the dealer is playing step #2 in rules of negotiation: ridiculously low offer. (they are definitely playing with fire by offering too low, because some folks will leave right away and say sorry, we can't be friends)
@raymondrizzuto7997
@raymondrizzuto7997 Ай бұрын
Wouldn't the dealer also have to recondition a vehicle purchased from auction? If so, then getting Zach's car for 38k is a bargain since there were no auction or transportation fees.
@fastwheels195
@fastwheels195 Ай бұрын
My last time trading in a vehicle I walked away from the table. The next week I got the amount I was looking for from a different dealer.
@DemonBrandon
@DemonBrandon Ай бұрын
This 🏹
@cyronader
@cyronader Ай бұрын
Problem with trade-ins at dealerships is that once you agreed to the trade-in value then the dealership will drag their feet with the OTD price of the new car. The line usually is "well you already got a great deal on the trade-in and therefore we can't budge on the final price of the car." I thought you are suppose to negotiate on the price of the new car first before even mentioning trade-ins or financing? This happened to my dad at a Toyota dealership. He traded in his old 4cyl Tacoma and got 10k for it but when it came to negotiating the price of the new truck the dealer argued that no negotiating can be done since he already got a "good" trade-in value. They wouldn't budge an inch.
@LeRoy313
@LeRoy313 Ай бұрын
OTD price first, then trade in value.
@danivasquez2441
@danivasquez2441 Ай бұрын
They've mentioned multiple times on this channel that you should separate them as two transactions. First get the otd number and buy your car. Then do trade in. Then your payment
@DemonBrandon
@DemonBrandon Ай бұрын
Head for the exit to see how committed they are. The vehicle will still be there tomorrow, or a similar one at another dealership.
@magarciaz20
@magarciaz20 Ай бұрын
Should I lie to the dealer and tell them I’m looking to trade in my current vehicle, even though I’m not? Hoping to have them discount the car more because they think they’ll make money on the back end
@sarutobi43
@sarutobi43 Ай бұрын
No because they won't discount the car more. They'll lean towards trade in price and hide the incentives.
@markrichards4042
@markrichards4042 Ай бұрын
If the salesperson is asking for all these guarantees and playing some sympathy card, I am gone then. Absolute BS. It's more than I can take and are willing to deal with. I have tried, I just can't. But I also don't care if I take the vehicle home either. At some point, I will land something.
@troyjones6587
@troyjones6587 Ай бұрын
Why can't we go directly to the manager and skip the salesman?
@michaelmiller4138
@michaelmiller4138 Ай бұрын
Had 1 dealer offer me $29,000 for my trade-in and another $24,000 and refused to budge. Bet you can guess which dealer I went with.
@TomTerrific
@TomTerrific Ай бұрын
Can you talk about the NY Times article on the amount of data being downloaded while we are in our cars? Thanks
@JustinStrunk-lf9cz
@JustinStrunk-lf9cz Ай бұрын
When was the last time either of you were at a local auction? Mannheim and KBB can say anything. It doesn’t matter until the car is sold!
@max4377
@max4377 Ай бұрын
It's a good way to gauge the value of your vehicle. You don't need to actually go to any auctions.
@johndone8045
@johndone8045 Ай бұрын
If u need manager approval then i.will talk to him directly
@avidwaterfowler7522
@avidwaterfowler7522 Ай бұрын
I like this channel a lot, but it exists entirely based on car dealerships being a scam. I can’t stand car dealers. Knowing they’re struggling right now makes me laugh. The gravy train is over.
@XX-166
@XX-166 Ай бұрын
Car stealerships are a scam
@tenac996
@tenac996 Ай бұрын
Big ones aren’t. Small local lots are hurt. I’m at a group one and it’s fantastic. These deals are funding lol
@George-on3zm
@George-on3zm Ай бұрын
@@tenac996 wrong. Big dealerships are in a little bit of a spiral.! I’m not saying they are going under, but they are feeling pretty big right now
@tenac996
@tenac996 Ай бұрын
True but this is retail. What business in retail isn’t going through hard times. Malls, electronic stores, all these places are hurt. The thing is you need to come to a dealership to get a car(I’m not including private sellers in this convo)
@XX-166
@XX-166 Ай бұрын
@@tenac996 and the stealership needs to be honest about the transaction
@josephkelleher8820
@josephkelleher8820 Ай бұрын
In my opinion you should NEVER trade your car to a car dealer. What I do is either keep the car or sell it private party. I always buy new and keep my cars at least 15 years. Best way for me because I always get my moneys worth that way. Always remember a car IS NOT a depreciating asset. IT IS a depreciating liability.
@robertp6458
@robertp6458 Ай бұрын
Sell your vehicle private party. Takes more effort but it is worth it.
@Bobblenob
@Bobblenob Ай бұрын
As I am in the UK, the sales tax thing confuses me. We see cars that the sticker price is the price including VAT.
@paintlady2268
@paintlady2268 Ай бұрын
Can I hire you? The more I watch, the more I hate car this process.
@CarEdge
@CarEdge Ай бұрын
Yes! caredge.com/plans/concierge
@edgaracevedo9658
@edgaracevedo9658 Ай бұрын
Car buying experience is exhuasting! Sell privately, carmax or keep your car...3K is easy for them to add on new car as mark ups. It's a con game!
@ItsEverythingElse
@ItsEverythingElse Ай бұрын
"a particular one, on average", lol
@snowballninjamafiawa
@snowballninjamafiawa Ай бұрын
If a salesman talked to me like that I would be gone. You commit and I will do my job? Fight for air sales boy.
@ikurasake
@ikurasake 23 күн бұрын
$32k for a trade in?? That's insanely high to me. I got $1.7k for my shitty 2014 Kia forte
@sharedsailing4787
@sharedsailing4787 Ай бұрын
Could you explain or link a previous video regarding sales tax basis benefit?
@alexorozco7075
@alexorozco7075 Ай бұрын
Customers will use all the research to juice up their trades but disregard all the info when buying the used.
@BlessYourHeart254
@BlessYourHeart254 Ай бұрын
I love Gotcha Motors 😂
@mattcallahan6587
@mattcallahan6587 Ай бұрын
Did he just end with, "my please,Handsome....."?
@KO-im6sm
@KO-im6sm Ай бұрын
Sell the car by yourself. Isnt that easier?
@johnstrand2247
@johnstrand2247 Ай бұрын
Look at what your trade is selling for on average at lots and start from there. If a dealer tries to screw you on trade-in, then you have to know that they are screwing you on the new model that you are trying to buy. Walk out and let their greed waste their time.
@Sunset4Semaphores
@Sunset4Semaphores 22 күн бұрын
Never trade a car to a dealer IMO... Just eat the tax loss on your old car in a private sale... unless you are trading a PHEV that qualifies for the used EV tax credit... then maybe (only dealers can qualify for the used EV credit, not private sales). *Reverse competitive bidding is the only chance you have!* New, Japanese built 2017 PHEV Prius Prime for $22.3k + TTL. Old $4.5k EV tax credit made it even cheaper... nuff said... still like new 6 years later... not giving it up for a while. Modern car prices are insane. I guess we will own nothing and be happy about it... while new, unsold cars are dumped in landfills... #bailout
@hoapres
@hoapres Ай бұрын
You are better off selling your current car privately before buying your next car. You don't want to trade your car into a dealership (aka stealership)
@Sunshinemano627
@Sunshinemano627 Ай бұрын
Guy’s dealership in Mass told me he give me 35k for 2021 ram anniversary limited air ride 40k miles mint condition I told him 🖕… there nuts
@andrewflores6137
@andrewflores6137 Ай бұрын
I make it simple. I don’t trade in vehicles
@RandyMay-ig7ip
@RandyMay-ig7ip Ай бұрын
Ray I love you , I like your watch, Brotherly advice, please fix your teeth
@gsctht123
@gsctht123 Ай бұрын
Zero chance of me buying a car from this guy.
@salimrandall
@salimrandall Ай бұрын
$10,000 lowball on a trade in I’m waking no conversation.
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