I’m in the process of getting quotes from multiple dealers for a new car purchase. Assuming I go through with it, this will be my first new car, so just trying to gain an understanding of the process.
One of the dealers asked me whether I would be purchasing new plates or transferring. I thought this might be code for “are you doing a trade-in” and so I just said I’d be getting new plates. But now I’m wondering what that actually means. Is the price going to be different for new plates vs transferring? I’m in MA.
Thus far in the negotiation no trade-in has been discussed. But I do plan to bring it up after the fact, once the out-the-door price has been agreed upon. Current best price is from this same dealer 40 miles away so I was thinking of driving over there in the car I hope to trade-in and come back with the new car. Is that how trade-ins work or am I being naive?
In terms of trade-in value, this is a 20-year old Hyundai Sonata. Carvana appraised it for $700 based on info I entered online. Edmunds gave me a trade-in estimate of $2,000 but attached to it was a Carmax estimate of $800 so not sure which one to trust.
One of the dealers asked me whether I would be purchasing new plates or transferring. I thought this might be code for “are you doing a trade-in” and so I just said I’d be getting new plates. But now I’m wondering what that actually means. Is the price going to be different for new plates vs transferring? I’m in MA.
Thus far in the negotiation no trade-in has been discussed. But I do plan to bring it up after the fact, once the out-the-door price has been agreed upon. Current best price is from this same dealer 40 miles away so I was thinking of driving over there in the car I hope to trade-in and come back with the new car. Is that how trade-ins work or am I being naive?
In terms of trade-in value, this is a 20-year old Hyundai Sonata. Carvana appraised it for $700 based on info I entered online. Edmunds gave me a trade-in estimate of $2,000 but attached to it was a Carmax estimate of $800 so not sure which one to trust.
Statistics: Posted by d0gerz — Sat Sep 28, 2024 1:59 pm — Replies 7 — Views 465