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Comments
By the way its not common to pick up auction cars at guide book trade in prices that a normal joe can look at such as Edmunds unless the car is in high demand. Usually well below trade in guide book prices. You know that bowke. Show me where dealer black book prices match up to Edmunds trade in values.
Another question: How is it a private person can buy a car at a DEALER only auction unless a dealer bought it for them and resold it to a private buyer at a profit. Now if that happened I can see a private car buyer paying trade in value for a unit from a dealer only auction? Last time I checked only licensed dealers are allowed in Dealer only auctions.
"it's hard to say and it's *impossible* for info sources to put a figure on it with words like "good" "fair" "average" without actually seeing it and that all depends on the vehicle, miles, color, geographic area, time of the year, options, your hair color and what you had for dinner on Tuesday ..."
Many things a website can't evaluate that determine the prices, yes, it gives a ballpark idea, but you can't dig a bunker and "shoot" for Edmunds b/c sometimes its just not, to be frank, correct.
My 2 cents, take a look at all the online journals, Edmunds, Kbb, NADA, Black Book... average them out, and usually the realistic, real-world number is typically toward the bottom of the scale. We can all dream about what our vehicles are worth, but you also have to be realistic!
You need to get off of this holdback thing .. especially if the clock has been ticking away and soaking it up .. unless a dealer is getting a Really Nice trade, the dealer isn't going to pay for the financial cost twice - anything after that is just a gamble and we all know how many winners come out of Vegas ...
PS: super psycho - yes .. superstar - no
Terry.
The point is, you can't pick on any of them .... where Edmunds is waaay off is in the private sale vs dealer CPO, sometimes as much as $3,0/$4,0 off depending on the vehicle and none of them deduct enough for high mileage and sometimes KBB gets a wild hair and deducts too much ...
Terry.
According to drift dealers dip into holdback all the time. Is he wrong?
And according to your passage that is the very reason why I would keep the trade negotiation and the new car negotiation seperate.
Hard to answer your question but you need to consider this.
The car that nobody wants today is a car that nobody will want as a used car when you want to sell it someday.
Today's "bargain" will probably become a serious problem later for you.
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Stop and think about it. Do you really see to many Ford Focas cars driving around? I don't! I personally don't see them as a good investment regardless if you kept it 8 years or not.
I would invest my money on a different make and model. Because today you say you will not sell it but tomorrow you might decide dang I'm just not happy with this car anymore and now your stuck because your phone hasn't rang once after you listed it in the paper.
Then again it might sell in 2 days. Again only the crystal ball hold this kind of info. But if I had to bet my pants on it I wouldn't do it. Just me.
dude...the focus is in the top 10 in sales volume each year, and is on car and driver's 10 best for 5 years straight, going on 6. i drive one, and while ford isnt my first choice, the focus is a heck of a car for the dollar.
isell was talking about a "[non-permissible content removed] unit". this is a vehicle with certain OPTIONS that noone wants...not the vehicle itself.
before you talk down on ANY vehicle, please learn how to spell it first.
Again my opinion!
Thanks for the correction.
Bill
However, to be honest, I don't care if they ARE elderly, as the informed person, I would like to hear the argument as to why a) paying less than the asking price is taking advantage of someone and b) why it only applies when the seller is elderly? I offer x, they take it, I'm to say "uh, gee, wait, I can't buy it at--I gotta give you asking plus 100 because you're old??"
By the way why do you call yourself tornadoe? Are you from the anywhere within tornadoe alley?
When I lived in Oklahoma I use to chase tornadoes to help collect data for the national storm center down in Norman Oklahoma. Seen some really good ones in my time. Have you heard about the guy in Oklahoma who plans on driving directly into a tornadoe with a special type of car he built? I am not kidding. This guy says he's going to do it this year. I will let you know the outcome if your interested. lol
Bill
but that part of the post was meant to be tongue-in-cheek.
bill...OK city is not one of the top 10 cities in the states...if you arent talking about ok. city, then please let me know what city.
ford sells just as many focuses as honda does civics.
and your reference to investments is inane. there is no automobile in the world, other than collector cars, that is any type of investment.
please use a different term. expense, money pit, cash-burner, whatever...just not "investment".
Just my 2 cents.
-Dan-
No I don't currently live in OKC. I am not interested in releasing what city I am in. I can just see you guys making muliple phone calls to dealers in this area trying to talk them out of using our reverse auction service. No thanks!
By the way did I mention to you guys that I now have to major credit unions that really likes our reverse auction idea! Their almost excited about it. My marketing director has another appointment to meet with the marketing director and the presidents again next week. If we land these credit unions which both combined are said to be 100,000 member strong I just have a hard time believing you guys wouldn't put a bid in for a chance at some of this business.
And as for using the term investment bowke why can't I use it. If you buy the car at the right price you can turn around and sell it for profit. You guys "invest" in auction cars every week. To me that's a investment. Now if you get $XD$#$ then that would be a expense, money pit, cash-burner!
damish...
i asked him...i didnt jump on him. re-read my post, buddy.
Bill, could you please at least ATTEMPT to use proper grammar and spelling? There is a spell-check feature right next to the post button that you could use. As just one example, "to major credit unions" should be "two major credit unions". Do you just rush through your posts without paying any attention to detail? I find myself reading your posts twice just to be sure I read them correctly, as incorrect grammar and spelling can be tough to decipher. Work on it a little, and you MIGHT get more respect for your posts.
Bowke, I did read your post. It seemed to assume that he lives in OK at the very least. We can't assume that. Perhaps I'm reading your post incorrectly, in which case I apologize. Hey, it's Friday afternoon, and it's been a LONG day.
<flame suit on and ready>
-Dan-
Bill
i asked to know what metro area you are in because im familiar with most of the major US cities. just curious.
heck...they probably only paid $6000 for it!
Grand, yup, poor example, of spell-check at least. I never thought he'd need to use it to spell "two", but what do I know?
I think I'll shut up now. It's Miller time. What a day!
-Dan-
BTW: What web technology are you using, and how are you financing this little enterprise?
The dealer marketing rep has over 25 years in the auto business. His sole resposibility is to go dealerships around our state and sell the idea to them. So far he has been very successful.
The credit union rep just sold a Honda dealership because he retired and now works as a consultant for the two credit unions that is possibly coming on board with us. His sole responsibility is to bring on as many credit unions as possible. He feels confident that we have landed these "TWO" major credit unions in our area. Once we get going with them we will have him look into more as well.
As for having time here. When I am designing which has been alot lately I always have Edmunds minimized. I can type really fast with alot of mistakes lol. So I come and go when I get bored of designing the site. Kind of gives me a break.
We are looking at running our beta testing sometime around the 1st of June - 21 June to work out any bugs the program might have. Plus we are tieing up a few other loose ends as well.
Bill
It was still a great car... drove it for 12 years, 130K and still had the original clutch.
regards,
kyfdx
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i took it in to service last night, and they called me this afternoon saying its done.
turns out that superamerica fuel has been ruining fuel pumps in fords, chryslers, chevys, hondas, toyotas, etc...pretty much everything. there is a news article about how AAA has has triple the fuel calls over the last week, with people reading 1/2 tank but running out.
anyway, they replaced the fuel pump (in under 24 hours, by the way), and all seems fine. they said it might happen again, since i still have the gas in it, but that superamerica will be reimbursing FoMoCo when all is said and done, so they dont mind doing it again.
please let me know if you have issues like this, so we can organize our efforts.
i have a feeling that superamerica is "watering down" their gas...kind of like ballparks do with beer.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
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Edmunds Moderator
Unscrupulous, for sure, but not my area - in the "dealer fraud" arena, I deal with odometer tampering, selling wrecks without disclosure, selling buybacks without disclosure, and yield spread.
If the dealer can't get the buyer bought, the buyer can make payments to the dealer, I guess, depending on state laws - as a manager, I'd want to keep the miles off the new ride and get the person back into their trade ASAP - beats all I've seen...
Let me see if I have this right: your license has expired and the dealer is going to take the risk of you having a fender bender or stopped by the Federales, because your either on a dealer tag/unregistered plate or a 30 day temp tag and then having their new $25,000 vehicle towed away by Smedleys Towing and Surplus co .. Then, take the risk of a Big tow bill and daily storage charges, plus your not approved and they have no contract, so their liable ..
All this because of a blocked vehicle and some missing speakers and $50 bucks of plastic ..?!? .. any dealer on the planet would have had your car moved out and handed you $50 bucks and made an appointment for new speakers ..
Something doesn't add up here .. this is either a "troll" story or a, uhm, uhh, hmm, aahh or a "troll" story ................ ;-)
Terry.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
The problem you described is also getting big notice in NW Pennsylvania, my town of Erie specifically. The Attorney Generals office is researching the problem. It was written about in our local paper just last week. No once seems to be able to pin the problem down to a specific source, but many dealers are seeing quite a few folks in with gauge problems and check engine lights. I tend to think you're probably right about "watered down" gas or something of that nature. It's quite wide spread around here.
-Dan-
When I lived in Oklahoma I use to chase tornadoes to help collect data for the national storm center down in Norman Oklahoma."
When I entered college, it was with the intent of obtaining a meteorology degree. Alas, events conspired against me in such a quest (ahem, actually I was just too dumb). However, I still enjoy amateur weather forecasting/storm tracking, etc. I have yet to do any storm chasing, but I think it would be fun. I live in NE WI, so since truly widespread tornadic events are rare, that kind of storm chasing is hard to do. We might get a huge, devasting line of storms, but it's normally high straight-line winds around here.
It's pretty cool that you did work for for the NSSL. The national storm center to which you refer in Norman is the National Severe Storms Laboratory. They do nothing but research how severe storms develop, evolve, etc--with a primary focus on tornadoes. The Storm Prediction Center in Kansas City has principal responsibility for issuing Severe Thunderstorm and Tornado Watches. Both equally cool, IMO.
Yes I know its called the National Severe Storms Lab. I refer to it sometimes as the National Storm Center because that's what some people call it around here. Just habit. But anyway your absolutely right the lab does focus mainly on Tornadoes. My job was not scientific by no means lol. Wanted to clear that up. When I said I "helped" collect data what I really meant is I drove the van around helping my friend collect data.
Bill
so you ARE in OK!
To somewhat keep it car related- its amazing what vehicles people use for chasing, some use waaaay too nice of a car to take out on a high risk day.
Bill
Have you guys noticed a trend? Starting to move a lot of the Sentras and Civics as opposed to Pathfinders and Explorers?
Also, is it possible that manual transmissions will come back in vogue? I'd like to get one, but I've been wary about the hit at trade in time.