Trade in! - Toyota Yaris Forums

Mikeb Yaris · 10-20-2008, 10:02 AM

Allow me to throw in my 2cents...

ORDINARILY, about the dumbest thing a person could do is trade in a financed new car with less than a year on the note. HOWEVER, remember we are not in ordinary times and you're not driving an ordinary car. Depending on how well you negotiated the original price of your car (back when discounts were actually possible), you may find that your car is now worth MORE than you actually paid for it - particularly if you choose to sell private rather than trade to the dealer. With gas prices as they've been in addition to the relative scarcity of these vehicles closing out the 08 model year, someone might think they're getting the bargain of the century buying your "bare bones" car at $1,000 under the original sticker - well within range (IMO) of trading up so soon without embarassing "I bet you lost your ass on that one" comments from your buddies.

List your car on ebay and just watch the bidding wars begin!! You might even MAKE money on the deal! But get ready to pay full sticker at the dealer for your new one, and be careful he's not being slick and marking up over sticker to boot.

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10-20-2008, 10:02 AM	#1
Mikeb Yaris Drives: 08 Sedan Base Auto/PWR BLK Join Date: Oct 2008 Location: Illinois Posts: 58	Allow me to throw in my 2cents... ORDINARILY, about the dumbest thing a person could do is trade in a financed new car with less than a year on the note. HOWEVER, remember we are not in ordinary times and you're not driving an ordinary car. Depending on how well you negotiated the original price of your car (back when discounts were actually possible), you may find that your car is now worth MORE than you actually paid for it - particularly if you choose to sell private rather than trade to the dealer. With gas prices as they've been in addition to the relative scarcity of these vehicles closing out the 08 model year, someone might think they're getting the bargain of the century buying your "bare bones" car at $1,000 under the original sticker - well within range (IMO) of trading up so soon without embarassing "I bet you lost your ass on that one" comments from your buddies. List your car on ebay and just watch the bidding wars begin!! You might even MAKE money on the deal! But get ready to pay full sticker at the dealer for your new one, and be careful he's not being slick and marking up over sticker to boot.