F&I

lumberjim · 01-30-2004, 12:00 PM

typically you'll find them at same make new car dealers. the price diff will vary depending on the car.

example: a new 2004 sebring sedan list price is 21,000 +/- we bought a 2004 like equipped sebring sedan with 20,000 miles on it from a rental company for 11,300. sold it for 13, 500. customer saved $7500. we made $2200 . win win

2004 grand cherokee invoice 27,900, we traded back in for 19,500 with 5400 miles on it. that was a push on the trade too.

the general formula for a quick trade car goes like this:

like invoice amount
less current rebate amount
less holdback (3% of orig. msrp before shipping)
less $3000 for being titled
less mileage adjustment of 10-13c. per mile depending on class of vehicle. ( small cars less, large cars more)

01-30-2004, 12:00 PM	#11
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	typically you'll find them at same make new car dealers. the price diff will vary depending on the car. example: a new 2004 sebring sedan list price is 21,000 +/- we bought a 2004 like equipped sebring sedan with 20,000 miles on it from a rental company for 11,300. sold it for 13, 500. customer saved $7500. we made $2200 . win win 2004 grand cherokee invoice 27,900, we traded back in for 19,500 with 5400 miles on it. that was a push on the trade too. the general formula for a quick trade car goes like this: like invoice amount less current rebate amount less holdback (3% of orig. msrp before shipping) less $3000 for being titled less mileage adjustment of 10-13c. per mile depending on class of vehicle. ( small cars less, large cars more) __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)