Offered $13000 for 2009 Corolla with enhanced convenience package
I went looking to upgrade the Corolla to a Camry and have been lowballed awfully bad in London area. The average i got offered was 12500. The Canadian black book for an 08 is 13000-15000. I guess you can't go by that at all. I guess you can kiss the good resale value of a Corolla down the tubes, might as well be a Cobalt. I can't wait to see what they offer in a year or 2. Is this normal? Is this the way trade ins are in Ontario now. If so, no wonder no one is buying new cars.
This ain't the time to sell anything in this economy. House, truck, business or boat ....forget it- keep it and be happy if you can.
agreed... hold on to it. and live with in your means until this ride is over... unless you HAVE to get a new car, i'd advise against it from a financial point of view... but that is just my opinion... you can do what ever you want.
This ain't the time to sell anything in this economy. House, truck, business or boat ....forget it- keep it and be happy if you can.
Agreed too.
Take your time. Try to sell on Craigslist yourself. Then go to various dealers and you lowball them on the new Camry.
Just heard a radio news break this morning. Ford focus, New, top of line with everything is selling for under C$15000.00. MSRP was C$25000.00.
You watch, if you trade it in, it'll go on the market for $18k.
We traded our Corolla in for a Camry a few years back. We got a decent trade out of it. When it went back on the market (it was 3 years old with 36,000kms), it was selling for MORE than what we paid for when new (and only $200 under MSRP when it was new)...
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2010 Prius Technology Package (Cdn)
OEM Cargo Mat, OEM All-Weather Mat, LED ext/int lights, 5000K HID, OEM Fogs, Euro Mudguards
No dealer will take the car unless they can sell it guaranteed in this market. So they'll offer you something incredible low to ensure they can still sell it and make the required $3G profit on used cars.
Dealers (on average) make more money per sale on a used car than they do on new.
I have never seen a dealer give a decent offer on a used vehicle. If you question them on the CBB price they will just scoff at you. It is common knowledge that you always sell used cars privately, at least as far as I knew. Dealers will sodomize you if you sell/trade the car in, and then always always resell the vehicle for a huge profit, sometimes for double what they got it for. I have seen it time and time again, this is where they make their money, not on new cars.
All you have to do to sell the used car is find the sweet spot, which is always cheaper than a dealer will sell it for, yet in the upper pack of what you see others selling privately for. If you get the right range in you should be able to sell a car within a week.
__________________ '09 Corolla CE Enhanced Auto
TRD Springs/Sway/Xrs FSB by Yamaha
Lifetime : 6.121L/100km(38.714mpgUS)
Maximum: 5.082L/100km(46.287mpgUS)
(manually calculated) (original unflashed factory ECM code)
Not sure what they'r motives are the car is four months old with 20K. He worked out all the numbers 25900 for a camry, 16000$ trade in. It is a stick shift with conveneance package.
With toyota shutting down production for a few days, and the economy in bad shape. There is not much demand for cars new or used. If the dealer takes your car in, he has to make a profit on it. You will be better to wait for a few months to see if things change.
Is it auto or stick and how many KMS on the car? Oh and black book doesn't mean anything....unless black book started writing cheques recently....
well it's the value the dealer uses and gives to you and will insist it's fair trade (even though I find the values listed in the book a bit low even if the vehicle is in good condition)
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2010 Prius Technology Package (Cdn)
OEM Cargo Mat, OEM All-Weather Mat, LED ext/int lights, 5000K HID, OEM Fogs, Euro Mudguards
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Bad 560
I have seen it time and time again, this is where they make their money, not on new cars. 
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