Buick dealer want my Regal.

[Malo83]

E-mail this morning from the Buick dealer where I bought my 2017 Buick Regal GS, telling me they will give me 110% current market value on the car trade-in, ain't gonna happen. Went on KBB to check on the trade-in value and they estimate $24K/27K, paid $30K for the car and paid off. Not a mathematician so somebody tell me it's worth.

 

[aquariuscsm]

I love Buick Regals!! Every generation

 

[supton]

Comes down to need, no? do you need the car? don’t trade, replacing it right now would be crazy. Don’t need it? take the cash and run.

 

[JustN89]

If you're interested in parting with it, see what Carvana or Zoom will offer you. They're likely to pay well above what a dealer would.

A dealer probably would love to have your car, but the real reason they're reaching out is to sell you a car. This is a great market to sell your car in, but only if you don't need to replace it. Otherwise, the amount you'd pay for the replacement vehicle nullifies any potential positives for selling you current car.

 

[eljefino]

Dealer is hoping you haven't heard that prices have gone up, and are wowed by this offer and will jump in without doing any research.

They have the advantage that banks might not want to finance a $27k private party sale, if you were to skip them in finding the right buyer.

But Carvana is the dark horse with tons of venture capital.

 

[ecotourist]

The dealer sent me a similar note a few years ago concerning my Accord.

Sure they'd like to buy your car, but more than that they'd like to sell you something to replace it.

 

[SwampSurvivor]

It's a great time to get out of a newer car and buy an old beater!

Getting rid of my Forester and it's payment was the best thing I did last year!

But if it's a local dealer, no doubt they want to sell you something new to offset it ...

 

[Lubener]

If you don't need it, sell it. If you get another vehicle, you will pay a premium price for it and gain little or nothing. They probably mean 110% of the "trade in" value. Remember they want to make money on the resale of it.You will be able to get more if you sell it yourself.

 

[slacktide_bitog]

I like that Tercel wagon

 

[spasm3]

The dealer sent me a similar note a few years ago concerning my Accord.

Sure they'd like to buy your car, but more than that they'd like to sell you something to replace it.

Exactly, its a hook to lure you into another sale.

 

[Malo83]

The Regal is a keeper, this is our retirement car for traveling, she's a garage queen and only driven on long hauls.

 

[PF52]

I think buying a new car almost always leads to those "we'd love to buy your vehicle!" letters from the dealership(s) a year or two or three down the road. Usually the letter goes on to mention that there are customers beating on their doors to buy a car just like yours!! I just ignore them.

Over on another forum, there was a guy who was getting those letters for a new car he bought some years earlier. He had become convinced it was part of some secret plot by GM to rid the world of that make and model. This is in spite of many other forum members telling him no, it is just a ruse to get you to trade it in early. One member even told about back when he was a dealer, he'd spot late-model cars around town and he'd jot down their license plate numbers, and he'd look them up and send them the same letter. Once in awhile he'd get some poor sap coming in looking to trade up.... Made all the effort worthwhile I suppose.

 

[CKN]

This method was used before the pandemic and it's being used now. We will give you (insert amount here) for your existing vehicle. They want you to buy another vehicle. Unlike Carvana, vroom, etc.-the price will probably change if you tell them you solely want to sell your car and not buy a new one.

 

[CKN]

It's a great time to get out of a newer car and buy an old beater!

Getting rid of my Forester and it's payment was the best thing I did last year!

But if it's a local dealer, no doubt they want to sell you something new to offset it ...

You do realize beaters have gone up significantly...don't you? I know there are very rare deals out there-but they are the exception in this market.

 

[SwampSurvivor]

You do realize beaters have gone up significantly...don't you? I know there are very rare deals out there-but they are the exception in this market.

Yeah. I just paid nearly $4000 for a decent shape 20 year old car.

It's still a net of $13K to me after selling the Subaru and buying the beater.

 

[dishdude]

I want it too! What a beautiful car.

 

[Tyson]

what a beauty!

I had to look at the picture for a few seconds to figure out what was sitting on the car just above the driver's side windshield.

Answer: nothing. Just a reflection of the palm trunk.

 

[HemiBenny]

That's a great looking car. I see that it has 20" wheels and a sunroof, how many miles?

 

[Malo83]

That's a great looking car. I see that it has 20" wheels and a sunroof, how many miles?

16K, All highway, high speed.

 

[Chris Meutsch]

I like that Tercel wagon

Literally I was about to say the same thing. Probably 36 mpg and still kicking.