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friend of mine got an unreal deal on a used SRT8 charger

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MY FIRST 69

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Discussion starter · #1 ·
#4 ·
Any time somebody thinks they stole something from a dealer it is a false sense of accomplishment. Believe me when I say they either are getting rid of a model that is hard to move with the current market or they are coming at you in a different manner such as giving you a good trade in price and staying firm on there price. If and when he decides to sell it then the real story will be told on the value of that car.
 
#6 ·
KBB for good condition shows Dealer Trade-in is $25k, Private Party is $27k. I'd say the person who traded it in probably got screwed hard, and the dealer didn't make a whole lot when they sold it to your buddy.
 
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Discussion starter · #11 ·
a friend of mine had a 06 GTO, what a horrible car. he ended up taking a massive hit on his trade in and now drives a way over priced acura TL.

i agree, amercian cars suck, but i cant see myself driving or afford any imports that really have style to them. seems like all the special models with v8s or turbos are for the rich or stupid.

i think my friend got a hell of a deal on that car. i almost caved in and bought an srt8 for around 30,000 a few months back. you cant even find a used mustang gt around here for that decent of a price.

and aside from the trade in value kbb.com puts the dealer retail value of the dodge at 32,000.
 
#12 ·
I wonder how many negative comments the guys picked up back in '69 and '70 when they bought one of the 427" aluminum block Camaros that sat on the back of the lot because the dealer couldn't get rid of it?
 
#14 ·
Your friend bought a nice car for a fair - good price. As mentioned above the dealer made his money. He just made it on the trade in not the sale. Meaning the price the dealer paid for the car was less than he sold it for. A simple business rule is: You make your money buying not selling. This really holds true for used car sales. They of course try to make money on both ends buying/trade ins and selling but, they know what they have in the car and they don't stay in business by selling cars for less than they have tied up in them.
 
#15 ·
Part of what cost a dealership money is what's called flooring. That's the money it cost to keep new and used cars on the lot. They have money out on them that they pay like an open ended loan. The more $$$$ out for cars on the lot, the more money thay are barrowing and the more the cost in intrest and payments.

Dealers can play with the loan amount and sort of like your credit card have free money to use if they get rid of invintory before it calculated into the cost of the next months flooring schedual.
 
Discussion starter · #16 ·
well my buddy drove the hell out of that car! put about 15,000 miles on it. then recently resold it to car max for 23000!

after cancelling the extended warranty and the sale he walked away with a few dollars. he pretty much just paid for the gas and a set of tires.
 
#17 ·
MY FIRST 69 said:
well my buddy drove the hell out of that car! put about 15,000 miles on it. then recently resold it to car max for 23000!

after cancelling the extended warranty and the sale he walked away with a few dollars. he pretty much just paid for the gas and a set of tires.
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That's kind of typical of Chrysler cars, 1st year or so re-sale takes a big hit then a couple years later it seems to rebound. Dodge, Chrysler and Jeep have always been known for poor re-sale... I bought a new Chrysler in late '87 for about $13k, 6 months and 12,000 miles later the dealer offered me $5k trade-in. I walked away and in mid 1990 with about 50,000 miles on it the same dealer gave me $9k on trade.
 
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okiemark
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