I have a 07 4wd fj and I asked a dealer what trade in would be. I was shocked.....they told me 14k-18k is Kelley Blue book and that is what they go by?!?!? NADA says 23K. What's up with that? Any one else run across this type issue? I would figure market would be better than that. Only has 19K miles and is like new! Confused!
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Re:Resale and Trade in
Date: 2008/07/25 03:02
By: my FJJ
Status: User
Karma: 3
F.J.C.O. Regular
Posts: 47
This is due to the increase in the price of oil. Everyone with SUVs is rushing to trade in their SUVs there for not much demand for them which causes the price the dealers are willing to pay be much less. Oil is going down and will continue to go down till next summer. try if you can and wait for winter to trade it in. Make sure if you do trade it in that it is worth the loss you will be taking in the value of the car vs the amount extra you will be paying in gas if you kept the car. this depends on what you are replacing the FJ with, how much gas in where you live and how much less they are offering you than it should be.
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Re:Resale and Trade in
Date: 2008/07/25 20:02
By: OceansDaddy
Status: User
Karma: 0
F.J.C.O. Rookie
Posts: 16
You also have to remember that's its a car dealership. And they will tell you that your trade is worth nothing, so they don't have to have much in it to resell. The markups on the new vehicles have come down due to lackluster sales and they can't make you think they are putting as much money in your trade as they used too. If they insist on the Kelly book just insist they come down on the price of their vehicle to make up the difference in the loss of your trade. They are hurting for sales...they should be begging you...
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