Belzebutt

I want to trade-in my 2000 Accord coupe when I buy my TSX. Both Acura dealers in Ottawa have told me that they don't actually buy the car, they call a bidder who offers a certain price. So that makes it sound like they don't have control over the price they offer you for the car. Is that true?

I never heard of this before, when my parents were shopping for cars the dealers would always offer to buy the old car.

gfxdave99

It depends if the dealer is planning on keeping the car to sell on their used car lot or not. If it doesnt quality for their certfied used car program then what they do is have third party that does auto auctions usually and will offer a price he can make a profit on.

Also, check out carmax, i dont like them for a bunch of other reasons and wouldnt buy a car there however they will straight up buy your car without you having to buy a car there..

Just check edmunds.com and kbb.com for your trade in rate and dont let them go below that

OTT-TSX

We bought several cars from Casino Acura in Hull and I know for a fact they don't have room for used cars so they always get a wholesaler to look at the car. When we have traded in cars there both times we were able to negotiate on the trade in value. They always tend to low ball but you can get them to come up. Trust me. Who are you dealing with at Casino? Denis is the guy we always use. Great guy!

I refuse to deal with Camco!

joerockt

If they dont think they can sell it on the lot, it usually just goes to auction.

And besides, if its a 2000, its still in good shape right? Always a better idea to sell it yourself. A lot less of a hassle then you think and you will easily make 2K more then what the dealer will offer.

OTT-TSX

But don't forget the tax savings. Here in Ontario you get the 15 % tax savings when you trade in a car. For example when I traded in on my TSX the dealer offered me 13,500 for my trade. I could have sold it privately for about 16,000. But when you add the tax savings my actual trade in value was 15,525 only 475.00 less than selling it privately. Not worth it IMO.

joerockt

Never knew about that tax savings in the GWN, so I couldnt have forgotten it

Wow, 15%? Dont you guys get enough with free health care??

woohoo

Well 15% yea, but we still have to pay 15% tax on what's left of the car.

crisco

I traded my 01 Accord Coupe last year for a TSX at Casino - trust me, there is always room for negotiation. They originally offered something like 17500, and we negotiated up to 19000.

Its the typical ploy to extract as much $ out of your pocket

OTT-TSX

LOL it is far from free ! Especially for people in Ontario.

joerockt

Ok, that makes no sense. Your saying you have to pay 15% tax on your trade in or the new car?

TSXfan23

that's :ghey:

woohoo

15% tax on (new car cost - trade in value)

If i buy a $30000 car and i have a $10000 trade in, then i pay 15% tax on $20000

Mint Mentos

Best way to negotiate a trade in is to go to the bank and ask what the Black Book price of the car is. The Blackbook is an industry standard (atleast in Canada) price guide for used cars. Banks and auto dealers use this book to check the vehicals value.

joerockt

Hmmm, its Bluebook here in the states. I though a Blackbook was for storing the phone's numbers of your ho's...

Belzebutt

Did you get a discount on the TSX itself in addition to that?

I went to Camco last night, talked to Waleed. First of all I wasn't happy with how he kept saying "how can I make you an Acura owner" but he didn't offer any actual numbers of his own, but that's another issue...

I'll start a new thread on this to all the Ottawa people's attention.

mickey513

I traded in a 01 Celica a year ago. First offer was $11,500. We went up to $12,500 before I said ok.

Master47

The dealers here in the states have a black book also. They get an updated copy weekly. Generally when you are dealing with a salesperson, when they go talk to the manager about your deal, they whip out the little black book to check the trade in price. Generally the manager will take your car for a little spin too to check to see that it runs ok, A/C blows cold, the tires don't fall off, etc. Then they offer you $1000 less than its worth, then you bitch, then they say ok, give you the right price, then the car you are buying jumps by $500 for some misterious reason, etc. Its all a game.