$5000 MINIMUM TRADE, "PUSH PULL ETC", is this always BS?

Discussion in 'Off Topic' started by chin311, Jun 16, 2003.

  1. chin311

    chin311 Diamond Member

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    I always see these ads in my newspaper for car dealerships stating:

    $5000 minimum trade, push pull or drag, blah blah.

    is this really true? its hard to believe you can take in any POS and get 5k$ off a...say...corolla for 12k$?

    whats the deal w/ this???
     
  2. T3C

    T3C Diamond Member

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    its not bs, but just know that the dealership is still making plenty of money when you buy a car
     
  3. kranky

    kranky Elite Member

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    I always thought they just raised all the prices by $5K, so that Corolla has a $17K price tag.
     
  4. bunker

    bunker Lifer

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    Sure, they give you $5000 for your trade. Right after they tack on $4500 to the price of the vehicle.
     
  5. chin311

    chin311 Diamond Member

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    lol, i always thought they either 1) added alot to the price or 2) made it per minimum purchase (ie, 5000$ if you spend 20k+ etc etc)

    i dunno, maybe it only applies to certain cars, etc.??

    i saw it in one ad, next to where you can get a protege 5 for 14999$ pretty well spec'd
     
  6. kranky

    kranky Elite Member

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    You could try a sneaky tactic of negotiating the price of the car first, then announce you have a trade-in.
     
  7. JeffreyLebowski

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    yup, it's a scam. They give you the $5000 as a trade in or "cash allowance" so when the lenders(banks) see that you put X amount down on a car they're more likely to approve it.
     
  8. FoBoT

    FoBoT No Lifer

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    they just add what they need to the price so that they make money off the deal

    so yeah, its a trick
     
  9. rudeguy

    rudeguy Lifer

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    ALWAYS do this if you have a trade in. Beat the heck out of the salesman on price, then tell him you have a trade in. Otherwise he is going to play a numbers game with the trade in, cost of the new car, and plenty of other things. As far as the $5k for your old beater, forgetaboutit....know that car dealers are out to make a profit, and they are going to make a profit off of you, unless your name is Rossman