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05-16-2009, 10:04 PM
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#1 |
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sells rhymes like dimes
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sell/trade
just out of curiosity, what would be the cheapest / smartest way to trade in my 08 LB auto trans for any LB with a manual trans? go through the dealer? or private party?
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05-16-2009, 10:14 PM
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#2 |
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daily driver
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you'd have to shop around to see what you can find private or dealer...
either way itll require some footwork
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05-16-2009, 11:13 PM
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#3 |
 
Drives: 07 Yaris S Sedan 5-Speed Join Date: Oct 2008
Location: Massachusetts
Posts: 2,179
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Are you looking to get a comparable used one (similar age and mileage to yours)?
If so, I'd try to find one at a dealer comparable and see if they'd trade straight up with you. In fact, they'd rather have your auto as it is easier to re-sell. If you want new, then of course it's gonna cost you. |
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05-16-2009, 11:45 PM
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#4 |
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sells rhymes like dimes
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haha i'd rather get one used, seeing as mine has close to 38,000 miles on it and it's only a year old
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05-17-2009, 07:08 AM
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#5 |
 Drives: 2014 yaris 5 speed Join Date: Aug 2006
Location: michigan
Posts: 642
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you bought the auto. live with it. trading in a 1 yr old car is a awful idea from a financial standpoint, and with 38,000 miles on it, its even worse.
if you are going to do it anyway, selling it privately will almost always yield you more than a trade in. i cant see that a dealer would have much interest in a yaris right now. around here, there are yarii lined up all over the dealer lots. i just read somewhere that toyota has between a 75 and 100 day supply of yarii and the dealer where i bought my told me he has a full lot of inventory and couldn't even take inventory that was supposed to arrive. additionally, if you have done very many mods to your car, that drives dealers interest down even more, as they rarely care to put modded cars on their used lots. wait a year or two when gas will (probably) approach $3.50-$4.00/gallon. Yaris and demand will be up. Last edited by roxy1; 05-17-2009 at 07:44 AM. |
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05-17-2009, 07:34 AM
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#6 |
Drives: yaris 08 sedan Join Date: Oct 2008
Location: Montreal Canada
Posts: 1,286
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You will have to eat $3-$4k in depreciation on the 08 to get that manual 09 tranny.Be nice if you could find some one with a similar manual equipped car who wished it were an automatic and make a straight trade.
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05-17-2009, 07:47 AM
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#7 | |
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Drives: 2014 yaris 5 speed Join Date: Aug 2006
Location: michigan
Posts: 642
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Quote:
this could be a sound solution if you dont owe on your car. while theoretically an auto would be valued higher than a similarly equipped manual, your high mileage would probably even that out to some degree. |
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05-18-2009, 04:23 PM
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#8 | |
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Drives: 2009 Yaris 3dr Join Date: May 2009
Location: California
Posts: 135
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Quote:
If you are intent on replacing the car. Wait until the early fall as fuel prices will spike as they nearly always do. If there are still 09' to be had they'll also be at yearend pricing. Bummer on the high mileage. It's going to hurt resale no matter the cars condition. Depending on the strength of the economy a private party sale should bring you more cash than dealer trade-in. Dealers aren't looking for trade-ins right now especially higher mileage trades. By my best guess I lost $800 to $1,200+ by trading my 05' Mercury Grand Marquis in when I did, and my mileage was slightly over average at 75,500 at tade-in time. Since the $500 extra rebate was expiring in a few days at the beginning of May. I didn't even consider a private party sale. While I was discussing the pending purchase with friends during the week before I drove to Nevada to buy, I got two offers which were more than the trade-in dollars offered for vehicle. Actually, quite a bit more money if I had waited. I chose to go for the bird in the hand rather that the promises of the two in the bush. I suspected that both would have funding issues and I won't hold paper in this day and age. |
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