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What should I do?

 
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  #1 (permalink)  
Old 14 Aug 2012, 01:59 pm
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Join Date: Sep 2001
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Default What should I do?

Got a letter from Crystal Chrysler-Dodge-Jeep (local dealer) telling me that my PT is "Black Book" rated at a worth of $3,270.00. They say my car is in demand and they are authorizing $3,750.00 over that value to trade it in. That's $7,020.00 for my PT Cruiser.

Now I do love my cruiser and just spent loads on timing belt +, struts and shocks and all new bushings and ball joints. It's running as good as new and looks IMHO better than new.....but $7,020.00 is something to think about towards maybe a new Dodge Dart, Caliber, Charger, Challenger.

Still got 2 1/2 years payments on the wife's Focus so do I really need another car payment? I am on a fixed income. Oh well, I can dream.
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Old 14 Aug 2012, 02:07 pm
sanatanadharma's Avatar
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Default Re: What should I do?

Quote:
Originally Posted by CREWZIN View Post
... Oh well, I can dream.
So, you answered your own question.
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Old 14 Aug 2012, 02:32 pm
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Location: Billings, MT
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Default Re: What should I do?

It's simply an attempt at getting you in to buy a car. They probably have something with rebates, and what they'll do is only own your PT for $1-2k and bury the rest in whatever you buy.

Blue book retail value on the car is around $5k. National average MMR (auction value) is $2k. The dealer cannot sell your car for more than $5k because a bank would not finance over retail value.

Basically, they're tricking you in and they're going to move their numbers around in their favor, just so they can make a sale.
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Old 14 Aug 2012, 02:41 pm
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Location: darien il
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Default Re: What should I do?

they are probably also figuring your car is in stock condition. there is definitely a slimmer market for a car with so many modifications to it. you'd likely do MUCH better trying to auction it off for 8k on ebay and, assuming it sells, going to the dealer with the cash
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Old 14 Aug 2012, 02:41 pm
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Default Re: What should I do?

Quote:
Originally Posted by CREWZIN View Post
Got a letter from Crystal Chrysler-Dodge-Jeep (local dealer) telling me that my PT is "Black Book" rated at a worth of $3,270.00. They say my car is in demand and they are authorizing $3,750.00 over that value to trade it in. That's $7,020.00 for my PT Cruiser.

Still got 2 1/2 years payments on the wife's Focus so do I really need another car payment? I am on a fixed income. Oh well, I can dream.
Don't know about everybody else but my "FIXED INCOME" keeps going down with the cost of everything going up .
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Old 14 Aug 2012, 02:44 pm
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Default Re: What should I do?

Good info Chris. Didn't want to give up the PT anyway.
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Old 14 Aug 2012, 02:44 pm
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Default Re: What should I do?

take the money and run! you could possibly find another curiser for alot less than they paid you for your original. do some work to it and still have money in your pocket in the end!
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Old 14 Aug 2012, 02:50 pm
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Default Re: What should I do?

Quote:
Originally Posted by Cruiszr View Post
Don't know about everybody else but my "FIXED INCOME" keeps going down with the cost of everything going up .

Doesn't everybodys?


Quote:
Originally Posted by mdskinner731 View Post
take the money and run! you could possibly find another curiser for alot less than they paid you for your original. do some work to it and still have money in your pocket in the end!
I believe the offer read it's only worth that much on a trade-in. NO running away with it.
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Old 14 Aug 2012, 03:00 pm
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Default Re: What should I do?

Before you do anything I suggest you get the best price of the new car you are considering WITHOUT a trade. Then you will know exactly what they are offering for your trade.
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Old 14 Aug 2012, 03:19 pm
mdskinner731's Avatar
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Default Re: What should I do?

Quote:
Originally Posted by CREWZIN View Post
Doesn't everybodys?




I believe the offer read it's only worth that much on a trade-in. NO running away with it.
my bad i miss read that statment. oops. slap my hand and take my birthday away.. i dont wanna grow up anyway.
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