How bad was my trade in?

Discussion in 'RT/10 and GTS Discussions' started by Broch, May 20, 2011.

  1. Broch

    Broch Viper Owner

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    I sold my 95 viper with 22k miles on it. It was near perfect for $22K on a trade in. How bad was this? After a few days I'm starting to feel like it was the worse trade I've ever made.

    I paid $38K for it in '07.

    BTW, they are selling it for 29K now.

    MODERATOR EDIT: NO LINKS PLEASE.
     
  2. v10enomous

    v10enomous Viper Owner

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    Prices have jumped up on the earlier cars just recently but did you really expect to get good money on a trade-in ? Did they the base the new vehicle price on sticker too ?
     
  3. eucharistos

    eucharistos Viper Owner

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    as long as you got a good price on the new car too, you didn't do bad for the ease of trading it in
     
  4. costanZo

    costanZo Viper Owner

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    What did you trade it in for?
     
  5. Vipuronr

    Vipuronr Viper Owner

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    Agreed on the above. Trade-in prices are never good, but with the glut of 2010's around, you should have been able to negotiate a good price on the new one....unless you got a ACR-x. :)
     
  6. 97snk

    97snk Viper Owner

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    I think you would've got 25k easily for that on craigslist.
     
  7. ACR VYPR

    ACR VYPR Viper Owner

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    Just go out and buy another one! You will quickly forget about the "old" one.............
     
  8. C.Hermsen

    C.Hermsen Enthusiast

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    I would have given you $22k for it :-(
     
  9. eucharistos

    eucharistos Viper Owner

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    and remember: (at least in :tx:) the tax savings

    example $22,000 x 6%=$1,320 -->$23,320 trade in value
     
  10. jmasin

    jmasin Enthusiast

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    A wise man once said don't check the stock price of a stock after you've sold it...
     
  11. 99 R/T 10

    99 R/T 10 Enthusiast

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    you got hosed, not doubt.
     
  12. maxdaddy

    maxdaddy Enthusiast

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    The true sold price on alot of things is less than you would think. When I sold my 95 rt for 21500 some here said that was to cheap, but I did post it before it sold and it took 3 trys on ebay before it sold. It to was a very nice car. you did fine.
     
  13. eucharistos

    eucharistos Viper Owner

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    thems is some wise words - keeps you from thinking you are a genius or a putz
     
  14. Chrissss

    Chrissss Viper Owner

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    I hope you got kissed.
     
  15. DrumrBoy

    DrumrBoy Enthusiast

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    It does seem like you could have gotten more in a private sale...which is true 99% of the time when comparing wholesale (dealer) to retail (AutoTrader)....but that's not rocket science, its just two different levels of pricing for two different levels of value (theoretically).

    On the positive side, think of how many goofballs making appointments and not showing up, or tire kickers coming by and lowballing you, or checks that don't clear, or Nigerian princesses whose family has a great deal of money and want to deposit it into your bank account that you missed out on by making a quick-sale to a dealer.

    (Having said all that, I'd definitely recommend that you try the private sale route in the future)
     
  16. VENOMAHOLIC

    VENOMAHOLIC Viper Owner

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    As costanzo said, what did you trade it in for? Parts value for Vipers set a bottom IMHO and $22k, I would guess, is below parts value. Personally, I would not let any Viper I already owned go for that little. Any Viper, no matter what the mileage or year, can still give me a priceless rush and a smile whenever I drive one.
     
  17. AZTVR

    AZTVR Enthusiast

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    I can't believe that you let it go for that price !!! What were you thinking ??? You must be a total moron !!!

    OR.... maybe that is what you and the dealer agreed was the value of the car on that day, in that condition, in the local marketplace and based on yours and his financial positions. NOTHING else is relevant to value. IMHO

    America's most popular religion is Consumerism, and commandment number 1 is : Get a deal good enough that you can boast about it to your friends. No one really cares how much one buys or sells something for as long as you beat out any other reported sale.
     
  18. PatentLaw

    PatentLaw Enthusiast

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    Wow......lots of venom here......

    What did you buy and what was the price? If you bought a Ferrari for 25k, then I say you made a great deal.

    So what is the total story?
     
  19. ViperGeorge

    ViperGeorge Enthusiast

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    For that price I would have kept it. Interest rates are still low so I would have financed a bit more if necessary.
     
  20. Matt M PA

    Matt M PA Enthusiast

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    You know how I see it? If you were pleased with the deal enough to make it....it was a good deal. I think the definition of a good deal is when both parties agree. I'm sure you expected the dealer to make something on a trade, right?

    They likely won't get asking price and will have to come down a little...and you got the trade tax advantage as someone else pointed out.

    I don;t know the history of the traded car, but I wonder why the fog light covers are missing. Replaced fascia, repair, etc? Car looks good overall to me.
     
  21. PittsburghRT

    PittsburghRT Viper Owner

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    You gave the dealer a hell of a deal.
     
  22. toohot4u

    toohot4u Enthusiast

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    Well i guess if your parents are supporting your life sylte then i guess if does not matter. Forty five percent of parents are supporting their grown aged kids:rolaugh:
     
  23. Jeffsss

    Jeffsss Enthusiast

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    If it was near perfect like you say and there was no "stories" you may have been able to get 25k for it in my opinion. but then you'd have a lot of tire kickers, test pilots and people who are just wasting your time.
    I think you did "okay" on trade in, it was no hassle. I personally would have given you 22k cash and listed it on ebay/autotrader and made a few grand.
     
  24. George Murray

    George Murray Enthusiast

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    Dealers are businesses. The goal of a business is to make money. If you feel you got hosed, you did it to yourself. Nobody strapped electrodes to you and made you sign your name to anything.

    In this economy, $22K trade-in from a dealer on a 1995 RT/10 is a strong number. If they have it listed at $29K, and then sell it for $27K, they'll make 2 or 3 grand on it after taxes (depending on state they're in and other factors) if they don't have to spend anything on it preparing it for sale. That's not uber-profit: they could make that on a freakin' 2007 Accord with a lot less money invested.

    In almost all cases you can get more for a vehicle selling it yourself. It requires a great deal of patience, as some interested parties are time-wasting bags of dooshe (sp intentional). You must have had your reasons for trading it in.

    The question from an above poster stands: What did you buy??
     
  25. costanZo

    costanZo Viper Owner

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    If this was the case, the dealer wouldn't have turned around and sold it on ebay for $29k lol.
     
  26. Leojmcca

    Leojmcca Viper Owner

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    You got rid of it quick.
    Even a dealer, who tend to overprice things, is only selling it first time around for $29K. If it doesn't sell, then it will drop further.
    Considering that the dealer might have to sit on the car for a while, pay commission to the selling salesman, their internal costs like providing a 90 warranty etc. it wasn't that bad of a deal.
     
  27. plumcrazy

    plumcrazy Viper Owner

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    what he said. its done, youre happy and you are done with it. move on
     
  28. AZTVR

    AZTVR Enthusiast

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    Surely you would expect the dealer to adverise the car for more than he would actually agree to sell it for ? ( I don't think that anyone mentioned that it sold for that amount? )

    Besides, value is usually exactly what I said. It isn't some number in a blue book. There are thousands and thousands of people who will pick strawberries for $7.00 an hour. Is that what you would agree to do that job for in your present situation? Same concept in my mind. The value of the goods or services is totally up to the people buying and selling on that day.
     
  29. DrumrBoy

    DrumrBoy Enthusiast

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    Dayum, $7.00! I'm raising my prices for strawberry picking! ;-)
     

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