Hello everyone can any of you help me??

[sgg76]

My car (2000 celica gts 6 spd) is in the shop getting a new motor covered under waranty (no mis-shift) just straight up blown motor at 25k miles. Its mystery to the mechanics and myself, but oh well heres question(s).

1. I owe 15k on this car and would like to trade it in for another vehicle at another dealership, it has 25k miles and a ding over driver side rear wheel. Other than that it is in great condition and doesn't have any problems (anymore that is since its getting new engine), will I get 15k trade in on the car to payoff the loan to Toyota Financial.

2. I am purcahsing a 1998 BMW Z3 2.8 with 16k miles perfectly mint car, the dealership is asking 24995.00 for it. I want to spend 24k out the door, what is my best way to tackle this?? I already have new loan for 23,500. assuming the Toyota loan will be paid off during trade in.

Any help on this would be helpful, thanks you all.

Savas G.

[sgg76]

ugh I thought I d get some kind of comments or assistance?? What is our cars going for in trade in???

[erok]

Your car should be worth 15k, especially as a trade in. Look in the local paper to see what Celicas in your area are going for. It all depends on the conversations you have with the dealers. My advice with car shopping is think with your head, not with your heart, cause the dealers spot a sucker a mile away. If you want to spend 24k on the BMW, offer that and be 100% willing to walk away if they don't take it. Try to set up the deal on the phone. Tell them if they waste one second of your time by jacking with you when you get there, you'll walk. Play hardball and you'll get what you want eventually. Good luck. The Z3 is a terrific car.

[sgg76]

thanks man. should i just tell them I want them to pay off the celica as trade in and than we discuss figures for the BMW?

[erok]

If you can, try to get them to lock down the terms for the BMW first, then bring up the Celica to help pay for it. When you use your Celica as a trade in, the dealer sees it as a seperate deal even though you think you're just talking about buying the BMW. You're not actually trading anything. You're buying one car and selling another. Get the best deal on both. Selling your Celica privately will likely net you a better deal overall than "trading it in" to a dealer.

[MarkyMark]

http://www.kbb.com

[oldster]

You will normally come out better in a deal by selling your car versus trading it in. You negotiate the best deal on the car you are purchasing before you ever commit to a trade in. It would appear that you have a slight problem in that your Celica is in the shop and not available for sale or trade??

[S.Menchavez]

Originally posted by sgg76
ugh I thought I d get some kind of comments or assistance?? What is our cars going for in trade in???

Uuuum, you only gave it 20 mins...calm down.

[selika2000]

Why are you trading it in? Just curious..

[selika2000]

Originally posted by erok
Selling your Celica privately will likely net you a better deal overall than "trading it in" to a dealer.

I agree. Try selling it to some teenager .. or anyone actually .. instead of going to the dealership.

[sgg76]

Hey everyone thanks for responses. First it seems going by the KBB website my car is worth less than the payoff amount on my loan, which will present a problem. I am selling the celica becasue I've had it for 2 years and the car just is coming out of warranty soon and I don't trust keeping it past warranty. Great car just to easy to mess it up. The payoff is 15,400. on the celica and its getting new engine put in and it has slight dent above drivers side rear wheel (280 dollar estimate from bodyshop) but other than that it is in great condition. I was hoping to have the dealership payoff the celica loan than since the BMW has a price of 24995.00 that I can get it for 24k out the door. no extended warranties or anything like that from them (going to big bmw place down theh road for that 7 yr extended for 1700.00). Is this a feasible deal?? or shall I alter my strategy a little bit?? Or will the dealership absolutely laugh at the idea of paying off the celica??? Damn I hate buying a car when I owe on another, its a pain in the arse. I caould get 17 or 18 easy but who the heck would give me money and wait for title??? This truly sucks!!!

[z6joker9]

first off calm down... you have to be patient when buying a car(i'm not, but i know you should be)...

First off if you want to trade in, tell the dealer you ARE NOT TRADING. If you tell him you even are THINKING about it, they wont go down as much on the bmw, instead they will offer to pay off the celica, which will make you think that you really should get it, because you can get rid of the car you own with no problems and no debt. Meanwhile they wont go down any on the bmw, which is fine because you'll think you're getting a deal because you wont have to worry about your car.

Talk to them about the z3 first. get them to go BELOW 24k. trust me that's too much... a friend has a 98 2.8 and they are nice and all, but 24k is too much considering they are 4-5 years old. I would get them below 20k.

Then bring up the trade in, after they've gone as low as you can get them. that way they'll have already gone down as much as they can, and will not be able to inflate what they are going to offer you on your car. you'll know exactly what they are giving you for your car

REMEMBER to tell them YOU ARE NOT TRADING IN. even if they suspect that you might, then they wont go down.