Good Deal???
Thread Starter
Intermediate
Joined: Jul 2007
Posts: 44
Likes: 2
Good Deal???
A friend decided to trade in his 2006 Yellow C6 in for a 2007 G37......Dealer is giving him $38500......car has 3500 miles and is totally loaded (Z51/Onstar/Nav/3LT etc....includes car cover, battery tender, new mats and color coded door/spoiler trim pieces)......guy is very **** and the car is immaculate.....dealer will sell it to me for $42700 out the door....I'm thinking thats a pretty fair deal even though the dealer is making some good money for doing nothing.....any thoughts would be apprecaited....Tks
Burning Brakes
Joined: Feb 2006
Posts: 796
Likes: 4
Running through Edmunds.com, assuming coupe with every option, including Nav, it reports the Trade-in (wholesale) price at $39,605, Private Party at $42,538 adn dealer retail at $45,651. Given that, I would say $42,700 is a good, but not outstanding price. You could probably push him down a bit, but should not feel too bad if you paid that price.
Shan
Shan
Safety Car
Joined: Feb 2007
Posts: 4,939
Likes: 448
From: CHOCOWINITY NC
Why not buy it directly from your friend for a few bucks more? He may have some tax advantages trading, but even adding that in you could probably end up cheaper, and he'd come out ahead too..
Burning Brakes
Joined: Feb 2004
Posts: 1,246
Likes: 2
From: McKinney TX
Tell the dealer to do an "in and out" for you and your friend. The dealer handles all the paperwork, but the advantage is your friend gets the tax break on the trade-in, and you get the car for the price your friend is trading it in for. There's usually a small fee for this, like $500 or something, but it helps all parties.
Burning Brakes
Joined: Jun 2000
Posts: 817
Likes: 1
From: Raleigh NC
Tell the dealer to do an "in and out" for you and your friend. The dealer handles all the paperwork, but the advantage is your friend gets the tax break on the trade-in, and you get the car for the price your friend is trading it in for. There's usually a small fee for this, like $500 or something, but it helps all parties.
Yep, this is the way to go!
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Every 2027 Corvette Engine Explained
Joe Kucinski
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Verdad Gallardo
10 Ugly Corvettes That We Still Kinda Love
Joe Kucinski
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Safety Car
Joined: Aug 2006
Posts: 3,548
Likes: 36
From: Location, Location QC,NY
I must not be understanding this correctly; it reads like you have no problem giving the dealer an extra $4200 for no reason?
Have you also checked the new '06 and '07 prices on this site? On a full load car like that you will get a hell of a deal, and the new '06's were also at 0% for 60 mo.
Paul
Have you also checked the new '06 and '07 prices on this site? On a full load car like that you will get a hell of a deal, and the new '06's were also at 0% for 60 mo.
Paul
Burning Brakes
Joined: Feb 2006
Posts: 796
Likes: 4
I assumed the deal was already done. I agree that, if the trade has not happened, you should just buy from your friend and bypass the dealer. The only situation you could run into is if the dealer was working some magic by lowering the price on the trade-in to keep the cost of the new car down. Before selling to you, your friend should find out what kind of deal he will get with no trade or he could end up going backwards on the deal. Dealship math is always interesting.
Shan
Shan
Burning Brakes
Joined: Oct 2006
Posts: 1,199
Likes: 0
From: Evans Georgia
Thread Starter
Intermediate
Joined: Jul 2007
Posts: 44
Likes: 2
Thanks for all of the input.......I am trying to cover my friends tax advantage.....If I reading this correctly the problem is if I buy the car for $38500 directly from my friend and make up his tax advantage (about $2500) I'm at $41000 and then I have to pay Illinois state tax of about $2500 which puts me then at $43500.....I like the $500 pass thru idea and will give that a shot.......I appreciate all of the good insight and help and quick responses...Tks
Safety Car
Joined: Feb 2007
Posts: 4,939
Likes: 448
From: CHOCOWINITY NC
Thanks for all of the input.......I am trying to cover my friends tax advantage.....If I reading this correctly the problem is if I buy the car for $38500 directly from my friend and make up his tax advantage (about $2500) I'm at $41000 and then I have to pay Illinois state tax of about $2500 which puts me then at $43500.....I like the $500 pass thru idea and will give that a shot.......I appreciate all of the good insight and help and quick responses...Tks
Safety Car
Joined: Aug 2006
Posts: 3,548
Likes: 36
From: Location, Location QC,NY
They will always start with a low ball number, amayzing how many bite right away without any negotiation, like it's law or something? Know what your trade is worth beforehand and fight.
Paul
PS. I am not in the car business, I ran an Acura dealership way way back when I was in my late twenties.
Thread Starter
Intermediate
Joined: Jul 2007
Posts: 44
Likes: 2
Thanks for your replies......well heres what we are going to do......I'm paying $42700 for the car to the dealer and my will get $39500 instead of $38500 and he has graciously offered to split the "extra" thousand 50/50 with me......plus I am getting the car cover/battery tender/mats for nothing.....the G37 price is a set no haggle price determined by our company plan with Infiniti so I believe the dealer is getting $500 or so for the transaction plus what he gets from Infiniti for the pre-ordained deal.....Again thanks everyone for their input....it is well appreciated.
