Are KBB and edmunds "trade-in" values really wrong?

[DarkManX]

I had a dealer offer me almost 2000$ less then the KBB/edmunds traid in price, saying that they will pay me "wholesale" price since they will not sell my car and just ship it out to a wholeseller. are they telling the truth about the prices? is it unreasonable to expect the actual KBB price?

 

[ponyo]

Depends on the vehicle. Gas guzzlers like big trucks and SUVs are not selling and KBB/edmunds are little behind reflecting real world prices.

 

[DarkManX]

2005 Nissan Altima SE-R package

 

[Rastus]

I traded a vehicle in at a dealership after doing the research on edmunds on it. It took six hours to negotiate. Do not relent, I got the edmunds price to the penny.

 

[ponyo]

Sounds like they're low balling you.

 

[homercles337]

Stealerships will try to rip you off every chance they get. Walk away.

 

[Engineer]

Originally posted by: Rastus
I traded a vehicle in at a dealership after doing the research on edmunds on it. It took six hours to negotiate. Do not relent, I got the edmunds price to the penny.

I did the same thing a few years ago. I walked away and they called two times a day for three days while taking the trade in value up a little at a time. They finally called on the last day of the month about an hour before closing time and said "come on over, it's a deal".

 

[Toastedlightly]

Car dealerships are out to make money and you are out to save money. Let the battle begin.

 

[DarkManX]

after doing internet and phone shoping I went to the dealership with the best quote... I knew they would screw me somehow.... 50 mile trip and a waste of time

 

[Muadib]

Originally posted by: Toastedlightly
Car dealerships are out to make money and you are out to save money. Let the battle begin.

And what a battle it can be. The key is to remember knowledge is your best weapon. Don't expect miracles, but don't let your trade become a victim of war either.