Trade in question
#1
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Trade in question
Hello all,
I recently read the face lift thread for the IS. I am stoked at the IS350 AWD. I currently have a 2008 IS250 AWD (no nav) with 20,000 miles and am considering a trade in either this or next year (MY 2011/2012).
Normally, this would be a simple question for me to find out...but...
I was in an accident in Feb of 2009. A car hit my back end going about 25 MPH. I had to have the back "bumper" replaced and the metal plate under the trunk (when you left up to see the spare - that metal plate was crumpled up). I took my car to my dealership and had them completely repair it. I have the documentation that provides all of the work they have done on the car. It runs just like new - I have had zero problems.
How will that affect my trade in?
I contacted a second dealer (I moved since purchasing the car) and they said I could only get good money if my car fax came back clean, which it won't because I have had this accident on it. The guy seemed very pushy - he wanted to call me and set me up for a test drive on an 2010 IS350 when I was only asking about the IS350 AWD.
After that, I sent an email to the sales person from the first dealership inquiring (she knows I had the accident because I called her asking about the body shop, etc) about trade in/pricing.
I just don't want to get bushwacked in this situation.
Thanks!
I recently read the face lift thread for the IS. I am stoked at the IS350 AWD. I currently have a 2008 IS250 AWD (no nav) with 20,000 miles and am considering a trade in either this or next year (MY 2011/2012).
Normally, this would be a simple question for me to find out...but...
I was in an accident in Feb of 2009. A car hit my back end going about 25 MPH. I had to have the back "bumper" replaced and the metal plate under the trunk (when you left up to see the spare - that metal plate was crumpled up). I took my car to my dealership and had them completely repair it. I have the documentation that provides all of the work they have done on the car. It runs just like new - I have had zero problems.
How will that affect my trade in?
I contacted a second dealer (I moved since purchasing the car) and they said I could only get good money if my car fax came back clean, which it won't because I have had this accident on it. The guy seemed very pushy - he wanted to call me and set me up for a test drive on an 2010 IS350 when I was only asking about the IS350 AWD.
After that, I sent an email to the sales person from the first dealership inquiring (she knows I had the accident because I called her asking about the body shop, etc) about trade in/pricing.
I just don't want to get bushwacked in this situation.
Thanks!
#2
Carfax is a joke, I'd be more surprised if it didn't come back clean. You can run one yourself just to see.
Needing a bumper and a rear body panel is a very minor accident. Unless the repair was a hack job you should expect KBB 'good condition' trade in value.
Needing a bumper and a rear body panel is a very minor accident. Unless the repair was a hack job you should expect KBB 'good condition' trade in value.
#3
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It is funny, when I bought my IS, I didn't even go to the dealership with my car. My dad took me. The sales rep believed every single word I said. When I brought the car in the next day to pick up my new jet, I tried to show her the few dings I mentioned and she just waved her hand me. So that was a pretty positive experience for me.
This guy seems like a jack *** though.
But yeah, thanks for the KBB "good" rating. I was hoping someone would tell me something along that line, as it will give me some good ammunition.
Thanks!
#5
I wouldn't go in and volunteer any negative information on your car. If they find it they'll try to hold it against you, that's just business. Don't cave in, make them work for the sale. I guarantee they have used cars on their lot that have been hit harder than yours, so they can resell yours without problem. I think 'good' is a reasonable expectation for you to hold to.
Last edited by ColtM4A3; 07-28-10 at 08:18 PM.
#8
Lexus Champion
PLUS--I had my IS in for service last week, and had an issue with my headlight. They told me that the "sensor" in the front bumper indicated an impact at some point (which was true). There's no way you can hide that the car's been in an accident.
You should just consider selling it yourself instead of trading.
#9
I wouldn't go in and volunteer any negative information on your car. If they find it they'll try to hold it against you, that's just business. Don't cave in, make them work for the sale. I guarantee they have used cars on their lot that have been hit harder than yours, so they can resell yours without problem. I think 'good' is a reasonable expectation for you to hold to.
#10
#12
Whether or not Carfax is a joke, any appraiser with half a brain can tell if your car's been in an accident. They really won't care much if you have all the paperwork--they are going to want to pay less for your car.
PLUS--I had my IS in for service last week, and had an issue with my headlight. They told me that the "sensor" in the front bumper indicated an impact at some point (which was true). There's no way you can hide that the car's been in an accident.
You should just consider selling it yourself instead of trading.
PLUS--I had my IS in for service last week, and had an issue with my headlight. They told me that the "sensor" in the front bumper indicated an impact at some point (which was true). There's no way you can hide that the car's been in an accident.
You should just consider selling it yourself instead of trading.
A lot of time people will just sign paperwork without reading, but if you sign that document and the dealership and or future owner come across an issue related to an accident...they have a variety of legal options which can be bad for you...
#13
Lexus Champion
As to Rebs point, if the dealer sticks some agreement in front of you certifying that it's not been in an accident, tell him "No--your appraiser inspected the car, and the trade in is AS-IS." If you have to certify, and they have some type of possible recourse against you, the trade in price should be more to cover that possible risk.
#14
Whether or not Carfax is a joke, any appraiser with half a brain can tell if your car's been in an accident. They really won't care much if you have all the paperwork--they are going to want to pay less for your car.
PLUS--I had my IS in for service last week, and had an issue with my headlight. They told me that the "sensor" in the front bumper indicated an impact at some point (which was true). There's no way you can hide that the car's been in an accident.
You should just consider selling it yourself instead of trading.
PLUS--I had my IS in for service last week, and had an issue with my headlight. They told me that the "sensor" in the front bumper indicated an impact at some point (which was true). There's no way you can hide that the car's been in an accident.
You should just consider selling it yourself instead of trading.
Depending on what was fixed and how well the repair was done it is absolutely possible for them not to know a car has had been wrecked. Regardless, the point I'm trying to make is that the OP's car had very minor damage done to it. This is why I feel KBB 'good' trade in value should be expected. Obviously if it was never hit it should rate 'excellent' and bring a higher number.
Selling privately is good advice under any circumstance.
#15
Pole Position
iTrader: (4)
I know because I recently bought a IS350, when looking at the carfax it will give an adjustment for the retail value or trade in value based on the number of owners or accidents and I'm sure a few other factors. Most states will classify the accident minor or major at the time of the police report and Carfax recognizes this. If the dealer trys stealing your car, I would print out the KBB trade in value and the Carfax for the adjustment (Sucks to pay $35 for it) and use that to get the most out of your trade as you can. Of course selling it out right is the way to go. If you had all the documentation for the accident and the repair was legit, I would prefer your car over others because I could probably get it a little cheaper than one that has never been hit.
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07-28-11 01:40 PM