Re: Trade-In question - have no experience - Saab 9-5 Bulletin Board - Saabnet.com
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Re: Trade-In question - have no experience
Posted by Bob M [Email] (more from Bob M) on Mon, 30 Jan 2006 21:23:51
In Reply to: Re: Trade-In question - have no experience, Aerodrvr, Mon, 30 Jan 2006 11:12:08
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He's right. The dealer will buy your "trade" for much less than it's worth. They will either sell it themselves or wholesale it for more than they gave you for it, making money on the transaction. Next, you'll buy a car and they'll make some profit there too. And if you throw 'em a bone you'll finance through them - the F&I guys will pocket the difference between the "buy rate" and the rate they actually sold you.
If you do nothing, the dealer makes a lot of money on you. If you negotiate the hell out of the trade, buy the car for invoice and finance through your local credit union, you will minimize your monthly payment and your dealer's profit. But oh, there will still be profit. No worries.
posted by 24.94.22...
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