Ok, so I need some good advice?

Question

I just bought a 2000 Nissan Xterra for $4500 and thats pretty below blue book! Fair condition blue books at $5300 and good condition at around $6300. I consider it to be in fair condtion but could easily be fixed with less than $1000 and look awesome, it just has minor wear and tear and some rust. Over all it has a fuel efficiency exaust, new timing belt, alarm system ect and is def reliable. But I don't think I want to keep it. If you try to buy this vehical from a dealer your looking at an easy $6500-$8000 so I figure I could sell it for $5000 and get my money back, but that where I need advice. Say I want to buy an $8000 vehical. Would it be smarter to trade it in and owe a little or sell it and pay the dealership cash. Would they rather have the vehical because they can sell it and make profit. Or would they rather have cash. I'm wondering with which they would be more likely to negociate their selling price with as well a vehical trade in from me or straight cash? If anyone knows the car bizz pleease give me some advice. I'm stumpped and can't afford to loose money! Thanks so much

Answer 1

Can get more money selling it out side the car dealership. And sale it Private. You will have more buying power with cash and can get the 8000 dollar car for 500 to 1000 below their asking price. But they will not try to work with you when that car you have is really a vehicle you own which Used car dealerships are paying 2000 below book for that vehicle, or less at an auction, which they can make more money then giving you what you think it is worth.

Answer 2

sell the car at about $6250 then lower it down to $6000 when it comes to negotiate this will give u heads up if you take it up to dealer to trade the car they put heack of low price on your car so the better way to go is to sell it privatley depends on you at what price

Answer 3

>>  Would it be smarter to trade it in and owe a little or sell it and pay the dealership cash.

Smarter to sell it privately and use the money to buy a car

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>>>Would they rather have the vehical because they can sell it and make profit.  What is good for them is bad for you.  They insist on making the max profit at every end of the deal (not just the sales).

They make a profit buy low balling you.

good luck...

Answer 4

I used to work in the car business. My advice to you is to sell it privately and then go look for a car that you would like to buy. They say cash is king which is true especially in this case. It's better to get the cash. Also they never ever give you even close to the blue book value of your car. Also try to sell the car for as much as you can first. If all else fails and you can't sell the car for a reasonable price then maybe trading it in isnt' a bad idea. It is almost always better to sell it privately in my experience being in the business.