Tom Hug
Fort Walton Beach,#2Consumer Comment
Mon, August 11, 2008
Heck, your lucky you even got that! I wouldn't give 4grand for a 2002 mustang with a 100,000+ miles on it. Welcome to the market, hot rods, suv's and trucks dont bring squat at the auction. If you went to trade it in now you will probally get 2500.00.
Tom Hug
Fort Walton Beach,#3Consumer Comment
Mon, August 11, 2008
Heck, your lucky you even got that! I wouldn't give 4grand for a 2002 mustang with a 100,000+ miles on it. Welcome to the market, hot rods, suv's and trucks dont bring squat at the auction. If you went to trade it in now you will probally get 2500.00.
Tom Hug
Fort Walton Beach,#4Consumer Comment
Mon, August 11, 2008
Heck, your lucky you even got that! I wouldn't give 4grand for a 2002 mustang with a 100,000+ miles on it. Welcome to the market, hot rods, suv's and trucks dont bring squat at the auction. If you went to trade it in now you will probally get 2500.00.
Kay
Niceville,#5UPDATE Employee
Mon, April 21, 2008
Quality Imports didn't rip you off. The ACV (actual cash value) of your vehicle as listed by Manheim (the most reputable national database for used car values used by dealerships) is as follows: Auction Averages Above Average Below Auction $6,425 $5,275 $4,125 Most dealerships use an number between "below" and "average" to appraise used cars. So, you got pretty close to what your car is actually worth. Don't forget, when a dealership acquires a new peice of inventory, they have to send it through service (called a UCI) and that costs money. They have to insure the vehicle and that costs money. They have to fix any blemishes and that costs money. They have to make any needed repairs and that costs money. And they have to have the car detailed and that costs money, too).And if your car had any damage, old tires, etc, that knocks down the value accordingly. Once you relinquished ownership of the trade, it doesn't matter what the dealership profits from your old car: that's just business. And the salesman you blasted is not the one responsible for appraising your vehicle: that's for the GSM or used car manager. And in this case, you got a pretty realistic value. And when the salesman mentioned that your trade would go to auction, he was probably speaking sincerely (most banks except Eglin FCU will not finance a vehicle over 5 years or 100,000 miles. In this case, your trade exceeded both!). All in all, you probably got a pretty fair deal. They may have kept your car for a week or two to see if they could find a "cash buyer" for your car. If they couldn't, then they certainly sent your car to auction like the salesman said.