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Poor Resale?

 
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Old 15 Oct 2012, 12:18 pm
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Talking Poor Resale?

Today's mail brought a trade-in offer from a local Chrysler dealer. They offered $4700 trade for my wife's .06 PT with 59,000 miles on it.

I looked the car up on KBB and that offer was about par for a trade in. Private sale is listed at around 6K. It is such a shame that these little cars don't hold their resale very well. True, the car cost 16ish new, but that is still a big drop.
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Old 15 Oct 2012, 12:28 pm
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Default Re: Poor Resale?

dont fret my friend, it sux however there are alot of other cars out there who's value drops too.
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Old 15 Oct 2012, 12:48 pm
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Default Re: Poor Resale?

There are not many cars that don 't...
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Old 15 Oct 2012, 01:13 pm
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Talking Re: Poor Resale?

I guess I just haven't kept up with used car prices over the years. If I had known they would have been so cheap after 6 model years, I would have waited!
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Old 15 Oct 2012, 01:42 pm
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Default Re: Poor Resale?

Depends what area you are in. Here in Oklahoma City they hold their value well. Real well for that matter.
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Old 15 Oct 2012, 01:52 pm
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Default Re: Poor Resale?

Well. i purchased my 01 with 12xxxx miles on it 2 years ago. i only paid $800 for the car. which was what the previous owner owed on it
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Old 15 Oct 2012, 04:39 pm
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Default Re: Poor Resale?

To be honest, that's a pretty good offer from the dealership.

Not many cars (generally speaking) hold their value much plus you've got to consider the fact that if you traded your vehicle in to a dealership, they need to make some profit off of it as well. This could be very beneficial to some folks since; you don't have to deal with the hassle of looking for a buyer, keeping the car in ready-to-sell condition (clean/personal items removed/etc), racking up miles which leads to the value dropping, paying insurance, and more.

Personally, I used to buy alot of cars and flip them for somewhat of a profit. Some cars were those I've wanted to own and toy with, while others were strictly for making money. Some needed something small like a relay or thermostat whereas others needed a new head gasket or rear-end even. Some sold quicker than others, but it took some work. Not to mention dealing with alot of 'flakes' and people trying to waste your time.

I've moved on since then and actually work at a Dodge/Chrysler/Jeep dealership and more often than not I've had people trade in their used vehicle rather than deal with selling it privately. Let's not forget the 'peace of mind' you get with a car under warranty, alot of people were scared of having to deal with costly expenses out of pocket to maintain their used car.

If anyone here needs some help in selling their used car or a way to save money when buying a car at a dealership, toss me a PM.
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Old 15 Oct 2012, 04:46 pm
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Default Re: Poor Resale?

I just bought my 2006 PT cruiser for $5,600 with 108,000. Your car has wonderful miles! it worth much more than what they say the trade in vaule is.

BUT the sad reality is if you tried selling it for at least $6,000 I think you'd have a really hard time finding a buyer :|
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Old 15 Oct 2012, 04:51 pm
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Default Re: Poor Resale?

Got a similar letter from my dealer today...offered me $6580 outright for my 08 PT. It has 34k miles on it and runs perfectly...they send these letters all the time and they all go in the wastebasket. It doesn't matter what it is worth on the market, what matters is what it is worth to you.
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Old 15 Oct 2012, 05:58 pm
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Default Re: Poor Resale?

For as long as I keep my car running in a condition that I can be proud of, then it is has the value of a new car.
The dealership's motivation is instinctive, ingrown, built into the game; like most of us, they can't help it.
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Originally Posted by NightWing View Post
Today's mail brought a trade-in offer from a local Chrysler dealer. ...It is such a shame that these little cars don't hold their resale very well. True, the car cost 16ish new, but that is still a big drop.
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Last edited by sanatanadharma; 09 Nov 2016 at 09:58 am.
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