Anyone ever trade in a beater at a luxury car dealership?

[psteng19]

My mom doesn't drive her '94 Quest (120k miles) much anymore, so she said I could sell it, trade it in, whatever.
There's a few dents here and there, some scratches on the paint, etc. but it's in otherwise great mechanical shape.
KBB says trade-in value is about $1900. I'd be happy to get $1000 out of it.

I want to trade it in for a TSX.

Think they'll laugh me out of their showroom?

 

[CrackRabbit]

Nope, they are selling you a car, if they laugh at you it won't be to your face.

 

[MisfitsFiend]

um...I traded my Saturn in for a Lexus RX330. He just said it would go straight to auction.

 

[Dr. Detroit]

Originally posted by: MisfitsFiend
um...I traded my Saturn in for a Lexus RX330. He just said it would go straight to auction.

QFT!

Luxury dealerships will not let junk disgrace their lot.

 

[mzkhadir]

Why not just donate to get a tax breaks.

 

[Merlyn3D]

Originally posted by: CrackRabbit
Nope, they are selling you a car, if they laugh at you it won't be to your face.

Good answer!

 

[spanky]

nah... they'll just rape you on the price.

 

[ggnl]

I've pondered this myself. My car isn't exactly in the best condition anymore. But I would rather trade it in than deal with the hassle of selling it. Will dealerships take just about anything?

 

[spidey07]

Originally posted by: ggnl
I've pondered this myself. My car isn't exactly in the best condition anymore. But I would rather trade it in than deal with the hassle of selling it. Will dealerships take just about anything?

absolutely.

They'll make money off you for the trade and the new car.

win/win for them.

 

[acemcmac]

Originally posted by: mzkhadir
Why not just donate to get a tax breaks.

I thought that tax loophole got closed or something....

 

[spidey07]

Originally posted by: acemcmac

Originally posted by: mzkhadir
Why not just donate to get a tax breaks.

I thought that tax loophole got closed or something....

nope. never was a loophole. Just about anything donated can be written off.

 

[Vegito]

once u get ur tsx com to tsxclub.com & tsx.acurazine.com..

also on my space @ tttp://groups.myspace.com/tsxclub, http://groups.myspace.com/acuratsx.

Unless ur already there... btw u know the 2006 is 15more hp right ? non sae corrected and 5 more after sae correction.. production starts next month

 

[Phoenix86]

Originally posted by: mzkhadir
Why not just donate to get a tax breaks.

Because they closed that loophole... Last year...

Now you can only deduct the amount the company you donate the vehicle to sells it for. And if you think that's anywhere near market value you're nuts. They don't care what they get for the vehicle, it's free to them...

 

[conehead433]

Originally posted by: ggnl
I've pondered this myself. My car isn't exactly in the best condition anymore. But I would rather trade it in than deal with the hassle of selling it. Will dealerships take just about anything?

Sure, they'll take anything. They'll even make you feel like you're getting something for the turd you trade when they are putting absolutely nothing in your old car. You could probably buy the car you want for the same prize as a cash deal.

 

[MoPHo]

Originally posted by: acemcmac

Originally posted by: mzkhadir
Why not just donate to get a tax breaks.

I thought that tax loophole got closed or something....

Its not closed, just modified. I believe you only get as much as the donation gets sold for i believe. could be wrong on that. but i was under the assumption that as of this year, the tax exemption would not be the book value of the car but rather how much it gets sold for after the donation.

 

[mugs]

Originally posted by: spidey07

Originally posted by: acemcmac

Originally posted by: mzkhadir
Why not just donate to get a tax breaks.

I thought that tax loophole got closed or something....

nope. never was a loophole. Just about anything donated can be written off.

I don't see how it could benefit someone to donate it rather than sell it though... If I could sell it for $1500, I have $1500 in my pocket. If I donate it, I have $1500 * my tax rate, right?

 

[MoobyTheGoldenCalf]

Don't trade it in, sell it to CarMax. When I bought my TL, Acura offered me $5500 for my old car on trade in, I ended up selling it to CarMax for $7500. No hassles at all.

 

[spidey07]

Originally posted by: mugs

Originally posted by: spidey07

Originally posted by: acemcmac

Originally posted by: mzkhadir
Why not just donate to get a tax breaks.

I thought that tax loophole got closed or something....

nope. never was a loophole. Just about anything donated can be written off.

I don't see how it could benefit someone to donate it rather than sell it though... If I could sell it for $1500, I have $1500 in my pocket. If I donate it, I have $1500 * my tax rate, right?

True, but selling a car is a hassle. And time=money.

 

[nutxo]

Theyll make on offer on your trade and you will still pay the same amount for the new car.

My best friend had worked for dealerships for years. He used to get a kick out of it. And yeh. beaters and cars over a certain age go straight to auction. My friend picked up a Taurus SHO with 7k miles on it for an ungodly low price just because of age, even though it was showroom perfect.

 

[NathanBWF]

I work at an Acura dealership. We'll take anything in on trade. If it's nice, we'll put it on the used car lot. If it's not nice, we'll wholesale it off.

 

[psteng19]

Originally posted by: NathanBWF
I work at an Acura dealership. We'll take anything in on trade. If it's nice, we'll put it on the used car lot. If it's not nice, we'll wholesale it off.

Nice.

Any good deals on TSXs?
People seem to be getting them at or even below invoice.

 

[psteng19]

Originally posted by: forcesho
once u get ur tsx com to tsxclub.com & tsx.acurazine.com..

also on my space @ tttp://groups.myspace.com/tsxclub, http://groups.myspace.com/acuratsx.

Unless ur already there... btw u know the 2006 is 15more hp right ? non sae corrected and 5 more after sae correction.. production starts next month

Yup, already on acurazine.

Thought production starts 9/16, today.

 

[codeyf]

woo woo! upgrade time! I forget what you're rollin now, I thought an IS?

 

[psteng19]

Originally posted by: MoobyTheGoldenCalf
Don't trade it in, sell it to CarMax. When I bought my TL, Acura offered me $5500 for my old car on trade in, I ended up selling it to CarMax for $7500. No hassles at all.

No Carmax in NY/NJ

 

[psteng19]

Originally posted by: codeyf
woo woo! upgrade time! I forget what you're rollin now, I thought an IS?

A Sentra