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 Trade in 2nd hand car - question

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6UE5T
post Jan 18 2017, 06:08 PM

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QUOTE(char_les @ Jan 12 2017, 12:22 PM)
Hi, a question i have been wondering.

Let say, back then, 4 years ago, i bought a 2nd hand car at RM 40,000 from a dealer.

and, today, i wish to trade in for either brand new car / second hand car.
How the trade in price will likely be?

my concern is, will they value it worse than trade in first hand car? Since, the vehicle experienced 2 owners.  icon_question.gif  hmm.gif
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Unfortunately I can tell you, they will low ball your car like nobody's business! So don't expect the price they offer will be even close to the normal market value, doesn't really matter much first hand or subsequent owners, that's how used car business wants to make as much money as they can. They can low ball you as much as 30-40% or even more below market price, depending on what car you want to sell. So the key is to just focus on the delta price that you need to top up, as long as you can nego for that delta amount to be reasonable for you then can go ahead with the deal but you also have to bargain hard and don't hesitate to low ball them as well coz used car dealers make a lot of money like that.

 

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