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  #13  
Old 11-03-2013, 12:55 PM
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Re: 2014 srt trade in value

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Originally Posted by jn112x View Post
I just paid 61 for mine with 3000 miles, the original sticker was 69
So that means subtract $4k-ish of that and you got what the dealer gave for a trade in or at auction.

Most hopefully know, but if you don't, on the sales side of the house dealers make their bank on used cars. New cars can't keep a dealership afloat. Service Dept and used vehicles do.
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  #14  
Old 11-04-2013, 10:13 PM
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Re: 2014 srt trade in value

A Mercedes dealer offered me 53k for mine today ...lol
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  #15  
Old 11-05-2013, 08:01 PM
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Re: 2014 srt trade in value

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Originally Posted by joeysrt View Post
A Mercedes dealer offered me 53k for mine today ...lol
That's about right. I traded my 2012 for $46k which is average wholesale.

2013 = ~$50000 and 2014 =~$55000 wholesale.

Add 10% for retail.
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  #16  
Old 11-05-2013, 08:15 PM
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Re: 2014 srt trade in value

did you ever say why you are trading it?
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  #17  
Old 11-06-2013, 07:48 AM
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Re: 2014 srt trade in value

I'm not trading it in anymore since I can't find anything comparable plus I was just wondering if I would of taken a bigger hit now or later on
I really don't think 53k is right and that's really low balling it . You can't compare what you got for a 12 or 13 srt either because there was a huge price increase and the 14 is so much better
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  #18  
Old 11-06-2013, 08:49 AM
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Re: 2014 srt trade in value

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Originally Posted by joeysrt View Post
I'm not trading it in anymore since I can't find anything comparable plus I was just wondering if I would of taken a bigger hit now or later on
I really don't think 53k is right and that's really low balling it . You can't compare what you got for a 12 or 13 srt either because there was a huge price increase and the 14 is so much better
The prices are what we said they are, this is just how it goes. You're too attached to your purchase to agree. A new, fairly loaded 2014 can be had for about $64500. A dealer can't sell a used one, even the next day, for more than $2500-4000 below that. So now you have a used 2014 going for approx. $61.5-62k. For them to make it worth their while and to get a typical used profit for their business, they can't pay more than $55-57k.

Also, a Mercedes dealer isn't going to give you as good a trade in as another Jeep dealer. A jeep dealer may like that on their used lot as a vehicle they can push a buyer toward as an alternate to a new Summit or SRT (they'll claim it is a better overall deal and it makes them a helluva lot more profit!! Which is pretty much true, it is cheaper than a new SRT and even though more expensive than a Summit the initial depreciation has already hit and the buyer may like the sportier prowess)
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  #19  
Old 11-08-2013, 08:40 PM
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Re: 2014 srt trade in value

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Originally Posted by joeysrt View Post
I'm not trading it in anymore since I can't find anything comparable plus I was just wondering if I would of taken a bigger hit now or later on
I really don't think 53k is right and that's really low balling it . You can't compare what you got for a 12 or 13 srt either because there was a huge price increase and the 14 is so much better
$53k is $11k off what you paid new (according to what you've said). 11k out of 64k is ~17% - typically when you drive off the lot you take a 20-25% hit. Add in the vehicle is close to a year old, has a few thousand miles on it, etc. and it's easy to see their value.

Think of it this way - Your car is $64k to most buyers, brand new with 0 miles. Nobody spending $50k or more is worried about saving $2k by buying a slightly used car - it has to be several thousand cheaper to make it worth it. Thus, they're going to have to be below $60k to sell that car to anyone but a sucker (and many of them exist to be fair). So for them to make the money they need, get haggled down a little on the jeep, and give you a deal on your new car, they've got to build themselves in some buffer room on the Jeep. Giving you $55k or something won't give them wiggle room, means you have to pay all the money for the Benz, etc.

And then you've got the fact that the 12s and 13s are rapidly plunging towards low to mid $40s. We can talk the virtues of the 14s up as much as we want, but the reality is the 12s and 13s are a fantastic bargain, a fantastic vehicle, and to someone who just wants an SRT8, it's a fantastic deal. So trying to sell a '14 for like $15k more is going to make it tough.


I don't think their number is that unreasonable, it just sucks to take the % hit more on a more expensive vehicle.
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  #20  
Old 11-08-2013, 10:46 PM
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The number is unreasonable...I just got more than that for a 13 on trade in
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  #21  
Old 11-09-2013, 11:05 AM
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Re: 2014 srt trade in value

I agree with Scott !!
It's not about what I paid for it because they don't know that I got it for 64k so basically they are taking 17k off the original price and I think that's crazy . I'm not attached and I always trade in and lose money but I know when they are trying to get me . He said well this one on cars.com is selling for 58,500 and I don't even have to bargain to get that price but the thing is that car is 3000 miles away and I'm in NYC where everything costs more. Also there are only 15 used srt's for sale throughout the country on cars.com and the majority of them are selling for over 61k . I'm not going to let a dealer sell my vehicle and make 7-8k profit .
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  #22  
Old 11-09-2013, 03:39 PM
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Re: 2014 srt trade in value

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Originally Posted by joeysrt View Post
I agree with Scott !!
It's not about what I paid for it because they don't know that I got it for 64k so basically they are taking 17k off the original price and I think that's crazy . I'm not attached and I always trade in and lose money but I know when they are trying to get me . He said well this one on cars.com is selling for 58,500 and I don't even have to bargain to get that price but the thing is that car is 3000 miles away and I'm in NYC where everything costs more. Also there are only 15 used srt's for sale throughout the country on cars.com and the majority of them are selling for over 61k . I'm not going to let a dealer sell my vehicle and make 7-8k profit .
$53k is a tad low, I'll agree. But your trade in value is not more than $55-57k. That's about black book value (wholesale price). Dealers are not going to give you more than wholesale price for your vehicle when they can go to an auction and get that vehicle cheaper if they really want it on their lot, or vice versa, they aren't going to give you more than that if they can't unload it at auction for higher.

And they are not taking $17k off your price. They can easily find out what others are paying by looking around or calling. They know people can get invoice. They also don't take into account the doc fee/tax/title/reg you had to pay on the final price which would make your actual cost higher than the invoice. Those are state DMV fees that a dealer doesn't have anything to do with, they are a buyer's responsibility to legally drive the car.
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  #23  
Old 11-09-2013, 09:11 PM
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Re: 2014 srt trade in value

All I'm saying is 53k is way to low and if I was to trade I would be happy with 57k
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Old 11-13-2013, 04:09 PM
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Re: 2014 srt trade in value

Hey guys,

I've been lurking to forums for a few weeks as I am looking at getting a new or slightly used 2014. I have been shopping them pretty extensively so I thought I would throw my 2 cents on here.

At this point, I can get a brand new one at invoice. depending on options that's roughly between 62 and 63500.

Locally there are pre owned ones with less than 10k on them for between 58-62k. There is no way I would purchase a $60k used vehicle just to save a couple grand over a brand new one.

To make it worth my while, the truck would have to be around 54k for me to think it's worth it.

Also, just bc cars.com has srt's listed for between 60-67k, doesnt mean that's what they are being sold for.

I don't think you will get anything over 55. And from a dealer 53 sound right.
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