trade in? | FerrariChat

trade in?

Discussion in 'New York Tri-State' started by LeoExotic, Oct 3, 2006.

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  1. LeoExotic

    LeoExotic Karting

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    Leonardo
    anyone know if some of the exotic used car dealerships take trade ins? I have a 02 M3 Cabrio I wanted to get rid of.

    thanks
     
  2. G-Gore

    G-Gore Formula Junior

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    Lukas
    Lamborghini Bergen County for sure... I've seen M3 there once already.
     
  3. noahlh

    noahlh Formula 3

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    Just about every dealership on earth takes trade-ins....on the "used car food chain", trade-ins represent the top (or bottom, from the perspective of the consumer, since it's the worst price you'll get).

    Generally, used cars go:

    trade-in -> auction -> wholesaler -> dealer -> customer

    Not every car goes through every step, of course, but there's a bit of profit picked up along each step. That's why dealers always like to buy trade-ins and sell right back to customers -- that's the most possible profit in the transaction.

    nlh
     
  4. Ciao Bello 348

    Ciao Bello 348 Formula 3

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    John C
    As a large, new car franchise employee I can say Noah isnt too far off.


    We will take a trade and wholesale/auction it if its not a retail-able piece. What that means, is older models (Pre-2001) are much harder to get financing on and we cant certify the vehicles due to age.

    If we were to take in a 2002 M3, that is a retail-able car. We most likely would not wholesale or bring it to auction. We run it thru the shop, make it right and get it out on the lot.


    I cant imagine any car dealer out there, new or used, that would not entertain a 2002 M3 as a trade in for any vehicle they have in stock.
     
  5. LeoExotic

    LeoExotic Karting

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    thanks for the input guys, worst scenario if I cant sell it private party I will trade it in.

    Leonardo
     
  6. bointc

    bointc Formula Junior

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    Anthony
    Check your PMs
     

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