JeffInDFW Posted April 10, 2012 Report Share Posted April 10, 2012 Guys here have been talking about multiple dealers offering 2010 GT500 owners $32,000 trade in for low miles, great condition. I -really- don't get that. When I check Autotrader and look nationwide, the LOWEST 2010 GT500s I find are a few at $38,000, and mostly a bottom price of $40,000. Thats bottom. Prices rise from there. So.....the dealers feel they can give you $32,000 and then put it up for sale for $42,000? They are already making multiple thousands on selling you the 2013 GT500, and then they want to also make $10,000+ selling your trade in? I ask all that because as I already posted, I had exactly this happen to me recently. I had a Sky Redline that KBB and NADA said should have a trade in of near $23,000, but all the dealers in Dallas kept quoting they could get my car at auction for $17,000 and that was all they would pay. They had them on their lots for $25,000 used, and I would point that out to them and was told it didn't matter. $17,000. I gave up after 4 months, traded it in and it is now sitting on the lot 4 miles from my house for $24,900. Was not in a position to sell it myself, so got mauled. It looks like Ford dealers are doing the same to you guys. I've been trading cars since I was 16 (now 45), and have never seen this. I've always been able to give the dealer $1,500 to $2,000 profit on the car I'm buying, and give him a $2,500 pad on the car I'm trading in so if he has to come down he still ends up with another $1,000 profit on the trade in. Making $2,500 to $5,000 PROFIT on ONE CUSTOMER used to be enough to make dealers happy. Clearly that has changed. My recent dealings meant the dealer made $3,000 on the new car they sold me and made $8,000 on the car I traded in! $11,000 PROFIT on ONE CUSTOMER. I got destroyed on my latest car deal because I just didn't have any more time to fool with it. Kills me to see you guys get screwed like I did. Quote Link to comment Share on other sites More sharing options...
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