This is kinda broad question since I don’t have the worksheet.
After couple calls with a local dealer that still has a couple 2023 Ariyas, I mentioned if they would take my 2022 Honda CR-V EX (36k miles on it) as a trade-in. This way I’d get rid of the finance I have on it.
Pay-off on the CRV is 27k and that was their offer. According to Carvana/CarMax/KBB the best value for trade-ins would be close to 25k and private offers would range from 26 to 28k.
I’m trying to get them to offer the same numbers for an 2023 Empower+ instead of this Venture. If they do, I’m most likely closing the deal.
Any inputs? Am I missing anything?
I know best case scenario would be to sell the car for a private party for the theoretical 28k, but what are the chances of that happening in the current market?
If you haven’t already, get several actual offers if you want to know what the car is really worth.
I’d also pull the trade out of the conversation until you’ve agreed on the details of the new vehicle, and at that point you’ll also know the value of your trade.
Out of curiosity did you make them aware of your current balance? Getting a trade offer that matches a payoff triggers the same skepticism for me as payments that end in “99” ($399, $499, etc.)