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Old 05-24-2016, 12:17 PM
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what's it worth

might be selling my '16 SRT-8, Max Steel, laguna seats, forged wheels, 3800 miles.... any input as to what it's worth?

thanks!

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  #2  
Old 05-24-2016, 12:22 PM
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Re: what's it worth

Depends on if your trading in to dealer or just selling. Should be around $62 to 66k if your selling to private party.
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Old 05-24-2016, 08:35 PM
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Re: what's it worth

I would be surprised if a dealer offered anything more than $55,000, because that is how they are.....
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Old 05-24-2016, 09:22 PM
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Re: what's it worth

Best dealer offer I could get on my late MY '14 about 3 weeks ago was $47,250. 24K miles, loaded (minus sepia and rear entertainment). After some careful reconsideration and pulling my head out of my ass, I am keeping the Jeep.
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Old 05-25-2016, 10:35 AM
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Re: what's it worth

Quote:
Originally Posted by FFBOS View Post
I would be surprised if a dealer offered anything more than $55,000, because that is how they are.....
...and makes sense and how it should be. Dealer has to then mark the car up to gain their profit and make it worth their while. Not sure what the current amount is, but it use to be about $4-7k (depends on quality and desirability) markup on used take in price to leave room for future buyer haggle and worthwhile profit. So at your number that means their sale price on the used lot would be about $59,000 - $62,000. Perfect price for them to push a new buyer to the used one. Cheaper for the buyer and they make more profit than the new one.

For original poster: Private party sale price - $60,000 tops. Buyers looking for your truck want a solid deal in order to sway them from buying the new one all fresh and clean...and at a lower finance percentage for what they will borrow, because it's a new car loan.
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Old 05-25-2016, 11:34 AM
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Re: what's it worth

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Originally Posted by Schleprock View Post
...and makes sense and how it should be. Dealer has to then mark the car up to gain their profit and make it worth their while. Not sure what the current amount is, but it use to be about $4-7k (depends on quality and desirability) markup on used take in price to leave room for future buyer haggle and worthwhile profit. So at your number that means their sale price on the used lot would be about $59,000 - $62,000. Perfect price for them to push a new buyer to the used one. Cheaper for the buyer and they make more profit than the new one.

For original poster: Private party sale price - $60,000 tops. Buyers looking for your truck want a solid deal in order to sway them from buying the new one all fresh and clean...and at a lower finance percentage for what they will borrow, because it's a new car loan.
Edmunds TMV is a pretty good indicator.

Also, that's how it should be? Whose side are you on? No way in hell should a dealer profit 4 to 7 THOUSAND one ONE SALE. Out of your damn mind.

The best strategy I've used is haggling with multiple dealers. Make them compete - make them know they have competition. They hate it, but will still try to make a deal most of the time. I almost traded my Jeep for a new SRT Challenger. Between forcing the dealer to call around for hours to get me a better trade offer, and getting the Challenger at invoice (that's standard pricing on all their cars minus hellcats - they refuse to move up or down), the they were only making a few HUNDRED dollars on my deal.

I didn't go through with it because after driving a Challenger I didn't like it as much as I thought I would. The Jeep is better overall anyway. But my point is, make them compete with trade and sale offers. Lie about the numbers if you have to. Most dealers are crooks anyway.
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Old 05-25-2016, 02:14 PM
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Re: what's it worth

Quote:
Originally Posted by Nitemare3219 View Post
Edmunds TMV is a pretty good indicator.

Also, that's how it should be? Whose side are you on? No way in hell should a dealer profit 4 to 7 THOUSAND one ONE SALE. Out of your damn mind.
I'm on the side of reality, and understanding it's a business and they need to make money too.

I've bought many cars in my life too My brother-in-law and father were in the business. One was a Sales Manager for many years, the other was a plant manager for one of the big 3. I worked at the dealer through high school/junior college. Dealers don't make that $4-7k difference in profit. They have costs as well, plus they must have room to haggle with dickheads who think they should get the car for unreasonable prices. New car sales for Dealer franchise "X" are not what butter's their bread. It's service, collision, used car sales, then new car sales and the items they attempt to sell you at closeout.

Your trade in is based on recent auction sale prices....period. For the most part, unless they have a buyer in mind who is specifically looking for your vehicle, they don't even want your trade otherwise they can go to an auction at any time and buy the vehicle there and resell it. Your model being traded isn't the brand the dealer sells? Expect an even lower number because they can't flip an on the fence new buyer to your used vehicle. Auction price is also the set point because if they can't sell your trade in reasonable time, they want to dump it at the auction and don't want to lose money.

Advice when planning a car purchase so you are in touch with reality and don't come off as the dick who is going to drive them nuts and give them no profit:
--detach oneself from how much you think your totally awesome, rare, one-of-a-kind, super clean car is.
--Consult Black Book value, or better yet, if you know someone with a Dealer's License who has access to the latest auction sales for your model over the past 1-2 weeks, have them look it up (and you always go with "average" quality, regardless).
--Go to dealer and plan to get the auction value as trade.

Nitemare3219, current Black Book on your vehicle right now is $48,100. So that dealer was nearly spot on, especially considering the slight variations in sales week to week.
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Old 05-25-2016, 02:41 PM
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Re: what's it worth

Quote:
Originally Posted by Nitemare3219 View Post
No way in hell should a dealer profit 4 to 7 THOUSAND one ONE SALE. Out of your damn mind.
Thats exactly how it is, especially on higher end cars. Here are auction prices from late January:



You can bet those $45k Jeeps up top were for sale the next week for $51-53k.

Ive been watching Book values closely since early Feb. As of 2 weeks ago, low mileage '14 pricing was up almost 10%. If you paid $50k earlier this year it was now going for $55k. This week though it dropped to $54k, not sure what changed. Maybe the shifter recall...
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Old 05-25-2016, 10:07 PM
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Re: what's it worth

Quote:
Originally Posted by Schleprock View Post
plus they must have room to haggle with dickheads who think they should get the car for unreasonable prices. New car sales for Dealer franchise "X" are not what butter's their bread. It's service, collision, used car sales, then new car sales and the items they attempt to sell you at closeout
Unreasonable prices... LOL. I'll tell you what's unreasonable. The way most dealers try to rip customers off in every way possible. Service prices are a joke. Finance's upselling is a joke - I had one finance manager fuming after I showed her I could get a lifetime max care warranty for over $1,000 less than she was offering me a limited time/mileage warranty. At which point she showed me her prices for everything. She tried to get me to pay $800 for GAP when her cost was $400. I paid the $400. They made up for that with their oh-so-generous $695 dealer document fee!

I love how car salesmen try to play it off as being your friend during the sale, going to battle for YOU for the lowest prices! Sure thing man... keep me comfortable while you're secretly grabbing the bottle of KY. I understand trying to make a living. But robbing people blind who don't do their research or try to haggle pricing is ridiculous. I've read plenty of articles from ex-salesmen and talked to people I know who sell cars - I am not the dickhead here. The ADM on Hellcats was ludicrous. Any dealer who sold one with ADM attached should be hung out to dry.

Quote:
Originally Posted by El Jefe View Post
Thats exactly how it is, especially on higher end cars. Here are auction prices from late January:



You can bet those $45k Jeeps up top were for sale the next week for $51-53k.

Ive been watching Book values closely since early Feb. As of 2 weeks ago, low mileage '14 pricing was up almost 10%. If you paid $50k earlier this year it was now going for $55k. This week though it dropped to $54k, not sure what changed. Maybe the shifter recall...
I paid $49,650 for this Jeep back in January with 18K miles on it.

And I refuse to let a dealer take advantage of me like that. I realize with high end cars, the wiggle room often gets lost because they have no reason to make you a deal. But I have done it basically 3 times now - 1st time when I bought my 2015 SRT Charger for less than invoice, 2nd time with this Jeep, and 3rd time when I negotiated this deal for the Challenger (that I didn't go through with). Most other dealers were offering $45K at the time I was looking to trade, and Manheim auctions were averaging that as well.

Point is, don't let someone push you into a bad deal. If it's a bad time, as hard as it may be, wait it out for something better to come along.
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Old 05-25-2016, 10:07 PM
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what's it worth

Quote:
Originally Posted by Schleprock View Post
I'm on the side of reality, and understanding it's a business and they need to make money too.

I've bought many cars in my life too My brother-in-law and father were in the business. One was a Sales Manager for many years, the other was a plant manager for one of the big 3. I worked at the dealer through high school/junior college. Dealers don't make that $4-7k difference in profit. They have costs as well, plus they must have room to haggle with dickheads who think they should get the car for unreasonable prices. New car sales for Dealer franchise "X" are not what butter's their bread. It's service, collision, used car sales, then new car sales and the items they attempt to sell you at closeout.

Your trade in is based on recent auction sale prices....period. For the most part, unless they have a buyer in mind who is specifically looking for your vehicle, they don't even want your trade otherwise they can go to an auction at any time and buy the vehicle there and resell it. Your model being traded isn't the brand the dealer sells? Expect an even lower number because they can't flip an on the fence new buyer to your used vehicle. Auction price is also the set point because if they can't sell your trade in reasonable time, they want to dump it at the auction and don't want to lose money.

Advice when planning a car purchase so you are in touch with reality and don't come off as the dick who is going to drive them nuts and give them no profit:
--detach oneself from how much you think your totally awesome, rare, one-of-a-kind, super clean car is.
--Consult Black Book value, or better yet, if you know someone with a Dealer's License who has access to the latest auction sales for your model over the past 1-2 weeks, have them look it up (and you always go with "average" quality, regardless).
--Go to dealer and plan to get the auction value as trade.

Nitemare3219, current Black Book on your vehicle right now is $48,100. So that dealer was nearly spot on, especially considering the slight variations in sales week to week.

No thanks. I get top Kelly BLUE Book excellent condition trade value price and 6% below invoice plus incentives trading used for new Overland. That doesn't make the buyer a dick, just a better negotiator.


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  #11  
Old 05-25-2016, 10:38 PM
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Re: what's it worth

Quote:
Originally Posted by jgc4ever View Post
No thanks. I get top Kelly BLUE Book excellent condition trade value price and 6% below invoice plus incentives trading used for new Overland. That doesn't make the buyer a dick, just a better negotiator.


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That's an incredible deal if you pulled that off. Don't know if you could swing that on an SRT though.
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Old 05-26-2016, 12:33 PM
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Re: what's it worth

Quote:
Originally Posted by Nitemare3219 View Post
Unreasonable prices... LOL. I'll tell you what's unreasonable. The way most dealers try to rip customers off in every way possible. Service prices are a joke. Finance's upselling is a joke - I had one finance manager fuming after I showed her I could get a lifetime max care warranty for over $1,000 less than she was offering me a limited time/mileage warranty. At which point she showed me her prices for everything. She tried to get me to pay $800 for GAP when her cost was $400. I paid the $400. They made up for that with their oh-so-generous $695 dealer document fee!

I love how car salesmen try to play it off as being your friend during the sale, going to battle for YOU for the lowest prices! Sure thing man... keep me comfortable while you're secretly grabbing the bottle of KY. I understand trying to make a living. But robbing people blind who don't do their research or try to haggle pricing is ridiculous. I've read plenty of articles from ex-salesmen and talked to people I know who sell cars - I am not the dickhead here. The ADM on Hellcats was ludicrous. Any dealer who sold one with ADM attached should be hung out to dry.
I think we're all in a agreement there. They take advantage of you in every way imaginable.
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