Buying a used car --> suggestiosn for my plan? - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
 
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post #1 of 9 (permalink) Old 03-09-2004, 04:10 AM Thread Starter
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Buying a used car --> suggestiosn for my plan?

Hi all,

Just wondering if anyone could give me some tips from their experiences? (and yes, I will drop by carbuyingtips.com again in a bit).

But anyways, I thought of something while thinking about how to get a good price on a used car (private).

Tell me if this is a good idea or not. I was thinking that in order to find the best price for a used car (private sale), I would look up the trade-in value, and then add 2-3k as the max price I would pay. Then deduct for any problems.

do you think this is fair? reasonable? The way I see it, the seller gets 2500 dollars more profit from selling it to me rather than trading it in.

I know you're staring at that Red X avatar of mine
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post #2 of 9 (permalink) Old 03-09-2004, 09:36 AM
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Buying a used car --> suggestiosn for my plan?

just check the price they want against kelley blue book and see if what they want is fair, and then offer about 1K less than that and go from there. that's just how i've seen it work.

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post #3 of 9 (permalink) Old 03-09-2004, 05:04 PM
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Buying a used car --> suggestiosn for my plan?

Where were you when I sold my old 626 for $500? I wouldn't have minded a $2500 bonus

Edmunds.com has the most realistic new and used car values I've come across. They offer trade-in, private sale, and dealer retail

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post #4 of 9 (permalink) Old 03-09-2004, 10:32 PM
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Buying a used car --> suggestiosn for my plan?

We listed high in case some rich person didn't mind paying it we could get more. Our low amount is the Kelley Blue Book private party value for the car. If someone walked up to the house tommorrow and offered to pay that much for the car we would take the deal, even though it is $400 less than we listed the car for. If they offered less than that, we would take down their number and their offer and call them later if we got sick of having the extra car taking up space.

-Robin

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post #5 of 9 (permalink) Old 03-09-2004, 10:39 PM
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Buying a used car --> suggestiosn for my plan?

Use your local Autotrader.

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post #6 of 9 (permalink) Old 03-09-2004, 11:23 PM Thread Starter
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Buying a used car --> suggestiosn for my plan?

I have used local autotrader, but values are unbelievably high.

And I'm in Canada too, so we don't really have an "Edmunds" value.

I know you're staring at that Red X avatar of mine
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Sooo... when can *I* get a Mazda 3?
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post #7 of 9 (permalink) Old 03-09-2004, 11:26 PM
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Buying a used car --> suggestiosn for my plan?

Know everything (price, options, inventory) BEFORE you go.
Never put money down or sign anything on the first visit.
Visit multiple dealers and play them against each other.
And check out the threads in the Release & Pricing forum

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post #8 of 9 (permalink) Old 03-09-2004, 11:41 PM Thread Starter
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Buying a used car --> suggestiosn for my plan?

I was more talking about private sale, but I know what you mean
Well, if offering blue book price is the way to go, I guess I could do that. So, in other words, I'll:
1) say I'm interested. Look over the car.
2) Have it checked for liens, wear and tear (mechanic check), etc.
3) Offer redbook price right there (minus wear and tear costs).
4) Wait?

I've never done private sale before for cars. Just for RC cars, but that's different to some extent

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post #9 of 9 (permalink) Old 03-10-2004, 06:02 PM Thread Starter
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Buying a used car --> suggestiosn for my plan?

Quote:
Originally Posted by "prismglass"
We listed high in case some rich person didn't mind paying it we could get more. Our low amount is the Kelley Blue Book private party value for the car. If someone walked up to the house tommorrow and offered to pay that much for the car we would take the deal, even though it is $400 less than we listed the car for. If they offered less than that, we would take down their number and their offer and call them later if we got sick of having the extra car taking up space.
I guess most users would take Kelly Blue Book value for private sale, eh?

I know you're staring at that Red X avatar of mine
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