indep

Hi,
i've been trying to sell my car for a while now with no luck so now i am thinking of trading it in at a dealership, i wanted to ask you guys, i have a 2003 mitsubishi eclipse right now that's worth around 15,000 and i wanted to buy a 3000 to 5000 dollars car so i wanted to know if i went in and told them that would they give me teh difference of the trade back ? is that something dealerships do, like return me the difference of the trade if they bought my car at 13,000 and i bought a car at 3,000, they'd give me back 10,000 ?


Thanks,

Ponyryd

Yes, they do that, good luck right now though as it's a bad time to sell and they'll likely tell you your car is worth 10k or less. Have you tried listing it on www.kijiji.ca, or www.autotrader.ca? If you have and still no luck, chances are you're asking too much, I don't really know what they go for or what they're worth but usually if you have no interest it's due to price.

rabbitman

iTrader: (3)

Now is the time to buy a car, not sell it. My 2003 Altima that I just bought, I got a hell of a deal on, because it had been there for a while, and no one wanted a 4 door, 4 cyl, 5 speed sedan. Personnally, I love it, but I only paid 10,000 for it, and it's got just over 90K on it. If you want to sell your Eclipse, especially for a decent amount of cash, wait until spring.

Young gun

If your interested in buying a 5000 dollar car pm me.

1ply

That's absolutely right, I can't see any dealership writing a cheque for anything. They would much rather sell you a car worth more than the one you're trading in, hopefully off their used lot, hopefully you have to finance it too. This way they have four possible profit centres
1. Ripping you off on your trade in
2. Ripping you off on the purchase of their slightly marked up ($$$) certified used vehicle
3. Financing (I'm sure they get a cut)
4. Selling your trade in for much more than they paid you for it.

If you can wait 2 more months you should be able to get more money for it once the sunshine stays a while and "a young men's thoughts turn to cars" .

Good luck, and remember although it's the most work, private sale will save you the most $$.