Well, trading in my Silverado is out the door, Pretty wife found one she likes and i need some opinions.
She loves this, http://toyotaofterrehaute.calls.net/used...6a65ed562a5.htm
We have my Daily driver 07 Accord EX-L with 99,000 on the clock and in excellent condition.
We also have the 06 Mercury Milan premier edition with 40,000 on the clock also in excellent condition.
I know the wise smart play is to keep the lower milage car, However i dont love the Milan and neither does my wife.. Its a "Nice car" however we both know fit and finish the Accord is Nicer..
Trade in value is Higher on the Accord (even with more than twice the miles) by about $2,000 dollars. the Milan is worth around $8,000 on trade the Accord $10,000 Both cars are worth approximately $2000 more with a Private party sale..
Part #2 is value, this car is listed at $20,900 and the salesman said they have had it around a month, Their asking price is on the low side for retail in my area and on the top end of Private party value.. However im not foolish as to think there is no room for negotiations.. whats a great "counter offer" and whats a fair final sale price ? after i get to a good price i will talk trade with them, if they will match or meet in the middle of trade in V.S. Private Party sales i may consider saving myself the headache and just trading it.
your thought ? tips ? do's and dont's.
Thanks Otis.
Need help with trade in decision.
- Thread starter OtisBlkR1
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I wouldn't trade in unless it will net you a huge savings in sales tax, or unless you are desperate to unload the car.
When I have traded in, it's because it saved me a LOT in sales taxes (in Chicago, our sales tax is 9.75%). In your case, it doesn't sound like the sales tax savings is much by trading...so I would tell you to sell privately. You should have no problem moving that car quickly.
As for the price of the new vehicle, offer them $19,500. They'll probably counter with $20,000 even, which seems reasonable.
I'd trade the car you're not that thrilled with. All else being equal, the car you enjoy driving (and maintaining) would be the keeper. 100k miles on a 7-8 year old Accord is pretty typical, and it should be good for another 100-150k or so given its maintenance history and your location. Your Accord will also hold its value, while the Mercury will keep dropping.
Don't trade it in.. sell it yourself and then use that money. You'll get a lot more for it. The stealership may say that they are giving you $5,000 over KBB... that 5 grand plus more will just be lumped into your monthly payments and the overall cost.
Originally Posted By: sciphi
while the Mercury will keep dropping.
I'm so sick and tired of hearing this
So your basically saying that no one does math or reads paperwork?
We have this thing called walking away
Originally Posted By: michaelluscher
I'm so sick and tired of hearing this
So your basically saying that no one does math or reads paperwork?
We have this thing called walking away
Originally Posted By: dparm
Originally Posted By: michaelluscher
I'm so sick and tired of hearing this
So your basically saying that no one does math or reads paperwork?
We have this thing called walking away
Take both cars to CarMax and see what they'd give you. Good bargaining tool with the dealer.
Nick1994
$100 site donor 2023
Get rid of the Milan, the Accord will probably last a lot longer, and so will the Acura.
Depreciation on that Acura surprisingly seems rather high. Looking at Autotrader shows new is roughly $11k more. Not terrible, I was going to say buy new but in this case your saving about 1/3 over new.
I'd trade in the Milan its retail value is going to tank as it ages. I'd buff the car up and try to sell it private party, but that might be a PITA so I'd see what the dealer will give you for it first. If its only $1k difference I'd probably trade to avoid having to deal with used car buyers.
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I would sell private party, then use that money to lower the payment on the new ride. Out of the two cars, I would sell the Milan. Both are nice cars, but if you plan on keeping either for a long time the Accord will be the best bet. 100K on that car isn't a whole lot. Besides a funky steering issue mine runs like a new one at 120K miles. Do you have the I4 or V6? If you have the 4 then you shouldnt have to worry about the tranny in it. The Milans however, both 4 and 6 have been known to have tranny problems. If you dont mind me asking, why do you need a new ride? Both of your cars are solid rides and have low miles.
If you don't like the Milan, dump it. Only on this planet once.
The problem you might run into selling it privately is that people need financing and banks like going through dealers. Dealers of course know this and will play that to their advantage as well as sales tax.
Could throw the milan on craigslist tonight and see if you get nibbles. Throw the accord up too. Act serious about selling it/them.
Originally Posted By: gregk24
I would sell private party, then use that money to lower the payment on the new ride. Out of the two cars, I would sell the Milan. Both are nice cars, but if you plan on keeping either for a long time the Accord will be the best bet. 100K on that car isn't a whole lot. Besides a funky steering issue mine runs like a new one at 120K miles. Do you have the I4 or V6? If you have the 4 then you shouldnt have to worry about the tranny in it. The Milans however, both 4 and 6 have been known to have tranny problems. If you dont mind me asking, why do you need a new ride? Both of your cars are solid rides and have low miles.
Dump the Milan and keep the vehicle u and Ur wife like better. See if u can get the Silverado for $20,500 out the door.
Mercury owner here, Can confirm.
The only reason I own mine is because of average american tastes circa 2002.
Marauder on the other hand, 
Originally Posted By: michaelluscher
Mercury owner here, Can confirm.
The only reason I own mine is because of average american tastes circa 2002.
Marauder on the other hand,
I'd give this a shot: walk into the dealer with two things - the title for the Merc & $10G. Tell them this for the Acura. See what happens!
Otis,
Do what will keep your wife happy.
You selling any of your motorcycles ?
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