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Old 2006-01-06, 11:10 AM   #3
sperry
The Doink
 
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Real Name: Scott
Join Date: Nov 2002
Location: Portland, OR
Posts: 20,335
 
Car: '09 OBXT, '02 WRX, '96 Miata
Class: PDX/TT-6
 
The way out is through
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Yeah, but who pays the asking price from a dealer? When I was helping my ex shop for her Aerio, they wanted $15,900 or some outrageous price for her '03. She got it for $11,500... which is right at true market value for that car with those options/mileage/condition. It's just a matter of working it out.

The dealers know what the car's actually worth, and they know what they paid for it on trade-in, so they've got a minimum number they have to sell it at. The longer that car sits, the lower that number gets. The way I look at it, if they're willing to sell it at TMV, then I'd buy it, if TMV is below their minimum price, then they want too much.

$14,000 for an '01 is a bit pricey, but not astronomical. Edmunds lists that car for $13,275 for dealer resale. If you could get it for $12,000 you're doing pretty good.
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