I have a black Ls sport appereance (manual). I just seen a SS in person for the first time a few days ago and I am in Love. I am contiplating on trading in my Ls for a SS. My Ls has 4500kms ( 2800 miles). Will i get robbed trying to make this deal? Don't get me wrong i Love my Ls but........ I fell hard when i seen the SS in person. LOL

 

Yes you will get hosed on the trade in.

I am afraid to even ask

 

I'd say try and put your car up for sale yourself. Put it in a local parking lot with a FOR SALE sign or put an ad on Autotrader. If nobody is interested, then you are back where you started. If someone decides to purchase it, then you can get your SS S/C

Try not to trade it in unless absolutely necessary. The dealer will try to rip you off bigtime, seeing as its practically a new car. Of course it doesn't hurt to inquire, if they can give you within a few hundred of what you payed, by all means go for it

 

well...the thing is if the dealer knows that u want that SS so badly.....they ARE gonna rip u off

 

plus, you dumped all that money in tax

 

put it on autotrader.com then buy the SS

 

Good Point. NY you only pay the tax on the difference between your trade and the price of the new car however right?

 

That begs a question: Can you sell a car outright (i.e. on eBay) if there is a lien on it, and if so, how does that affect things. Also, can you still sell it if you're upside down (owe more than it's worth)?

 

Those are some pretty loose tax laws in NY! If the tax on the new purchase happens to be equal to or less than the amount you originally paid, you get the car tax free..some how I don't see how any government would forego all that tax, but I guess anything's possible.

The only hope is that the dealer shows some sympathy (not likely) and hooks you up with some sort of deal. (lower price, better trade-in value) since you just bought two cars in a relatively short period of time.

 

You definitely can. Provided you find someone stupid enough to buy a car that a bank/financing company owns. That person would only take over (or "port") the loan to their name with the lien still in place. Whenever you're looking at buying a car (privately) it's generally a good idea to search the VIN for any liens against the car (usually your local bank can do this or the DMV for a small fee - the last I checked, my bank charged 25 or 50 bucks for it.)

In terms of selling on the upside, again, 99.8% of the population would probably expect to own the car when they buy it from someone so you would have to have the loan paid in full somehow (borrow, etc) that way the lien can be discharged and you're left with a happy buyer.

 

Ok sorry but because I work at a dealership I have to jump in here. We don't "rip people off" just because they want to trade in a car that quick. The real reason it's worth thousands less than when you bought it no matter how short of a time that has been is because you guys demand to get such a discount when any car is even slightly used. I hear this all too much "Your going to have to do better than that for a used car" even if it is a 2005 model with 1,xxx miles. We give enough money for trade ins to be able to sell the car at those huge discounts that everyone demands. Basically you can't have your pie and eat it too.

 

Obviously.. I mean who is going to pay close to the same price of a new car when they can pay just a tad more and have a new one. The difference in the price of the used one with 1,000 miles need be large enough to justify you getting a used one over a new one.

When you get a 1,000 mile used car.. you don't know how it was broken in. You don't know why someone was getting rid of it so damn quickly. If the price difference is only a few hundred.. or even a thousant.. There's really no good reason not to get the new one.

 

You will have to remember that your trade in value will be realtivly high right now since everything is being sold at gms price. They may give you what the blue book value on the car is, and remember you will be getting the SS at GMS so you can sort of look at it as the 2000 dollars that you will get off on the SS will sort of be like putting 2000 dollars ontop of the trade in value. Thats just my 2 cents.

 

You will only pay tax on the price differrence. You got to pay if that is what you want.

 

I don't think that point is very obvious when several on this thread already calls it ripping you off. I wasn't saying that you don't have the right to want a big discount, I was simply saying that you can't expect us to give you high trade in value and then huge discounts also when we sell it. What we can sell it for and what we pay for it on trade in are directly related. This does seem obvious and should be, but again I was only defending it from the people that were calling it ripping people off. Oh and to the guy that thinks the GMS pricing is going to help your trade-in value, you got that backwards. Same thing applies here, the cheaper we can sell a new car the less we can give you for a used one. You will lose trade in value on all gm vehicles while the gms for everyone is in effect.

 

So what about when Bill Heard tried to sell me my SS/SC for $30k ($5k mark up + $1700 misc. bs) and would only pay off the $3500 I owed on my '98 GTP that was in excellent condition while KBB trade-in value was $5500? Not all dealers rip people off, but some most certainly do, or try in my case...