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Old 04 Oct 2007, 03:45 pm
Hopeful Hopeful is offline
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Join Date: Oct 2007
Posts: 7
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Typically you are going to lose money on a trade. Car dealerships have to make money....... It is also going to depend on what you are looking to purchase. All Honda's have the same mark up. Honda's of course retain there value but you need to make sure you have enough equity in your car. If trading it in at a Honda dealership you will get the most money for your trade. It will typically look like it is going towards the new car you are buying but REALLY look at the finance papers before buying and the breakdown. This is often so deceiving and you can often be financing as much as $4000.00 more than you realize by the way it is drawn up on the paperwork. The best things to do ...make sure you "trust" the dealer, make sure you really want to trade in your car, look at the numbers yourself online before you go into the dealer as to what your car is worth (which you have already done) but then the car that you plan on buying look up the MSRP and crunch numbers and then go to the dealer and then YOU are making the deal as best you can not just them. When they want to change this or that just explain that this is what you want, you know its worth this and this is what your willing to pay with them getting a profit (marginal), of course. You say your car is perfect. NO car is ever perfect to a dealership with 75,000 miles on it. It will be considered good more than likely. I know this is a lot of info but I have learned that when buying a new car one can never have too much information. Good luck on whatever you decide~
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