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Old 06-21-2006, 12:32 PM   #1
sixtoo
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Default Do dealership let you trade in wrecked cars?

Hello all, I’d like some advice that would pertain to my current situation/opportunity.

BACK STORY
My brother just got into a minor accident with an SUV the other day. (IS300 – front end owned < Expedition – rear end minor scratches). He’s been looking for an excuse to dump the car because he really can’t afford the payments. He’d have about $5,000 in equity if the car wouldn’t have been crashed.

SITUATION
So, we’ve got a car (IS300) with front end damage that we want to get rid of (car is drivable…just light frame damage and cosmetic problems). My brother’s paying to have the SUV fixed at the Ford dealership as to avoid a hit on his record with insurance.

OPPORTUNITY
Now, I’ve been eyeing the new style Legacy wagon for about a year and a half now. I might just give my car to my brother and use his wreck as a trade-in for the Legacy. So here’s where I need some advice:

Do you think it wise to repair the car before selling it? It’d be nice to pass the problems over to the dealer (who’d probably just wholesale the car out).

Will dealerships even buy a wrecked car to use as a trade-in?

Do you think we should just have the insurance company repair the car and then go from there?

I’ve test driven the Legacy a number of times and like its quality. I had originally intended to wait until just before the redesign to make my decision on when to purchase. With all of the rebates going on, I would consider buying now. Also, I could justify selling my paid off car because it’s going to stay in the family and will be helping my little brother out. What do you thing? Thanks for taking a look and sharing you opinions.

Tony



CN: Want to buy a Legacy. Should I trade in wrecked/repaired IS300?
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Old 06-21-2006, 12:39 PM   #2
AVOID92x
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You will pretty much NEED to repair it.

The dealership may take it, but they will bend you over on the value. It would be worth it for you to fix it first. The dealership doesn't want to take a car that will be off their lot at the bodyshop for the next 3 weeks!
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Old 06-21-2006, 06:05 PM   #3
MonsterRallySport
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What sucks... If you trade it in, and they do bend you over. if the repair costs you 1,500.00 to fix it. It will only cost the dealer 300.00-400.00...... Thats if they don't have an in house body shop..

IS300 is a nice car... What I would do is; take the car to a autobody shop and verify a quality repair... That will tell you if it's worth buying..
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Old 06-21-2006, 07:38 PM   #4
IEWRX
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They will take it in trade, but as said before you will be bent over. They will be adding the remining balance to your loan, as in bye, bye 5000 equity.
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Old 06-21-2006, 09:29 PM   #5
turbowagon02
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they most likely will not take the trade, i work for dodge and i know we wouldn't take it in, maybe u'll just find the right place, who knows
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Old 06-21-2006, 09:39 PM   #6
jeffroh22vtec
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sry to jack thread and all but its a simalir qestion..do dealers take trade ins like 2-3 cars at once for a new car, or just one per sale? always thought about it...
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Old 06-21-2006, 09:41 PM   #7
littlewhitewagon
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get it repaired with used parts and as little as possible. taking a wrecked car to a dealership will not go over well. they will tell you the repair will cost more than it should be.
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Old 06-21-2006, 09:44 PM   #8
gould9184
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I just traded my 04 WRX Wagon for an 06 9-2X, and I asked if they would take my 00 RS as well, and they said they would. However, their offer was lower than I'd take, so I decided to just trade the WRX.
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Old 06-21-2006, 09:49 PM   #9
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Quote:
Originally Posted by jeffroh22vtec
sry to jack thread and all but its a simalir qestion..do dealers take trade ins like 2-3 cars at once for a new car, or just one per sale? always thought about it...
nah, you can give them as many as you want. as long as the cars are desirable or worth taking in. i knew somebody that traded in two for one.
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Old 06-21-2006, 10:14 PM   #10
IEWRX
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Quote:
Originally Posted by turbowagon02
they most likely will not take the trade, i work for dodge and i know we wouldn't take it in, maybe u'll just find the right place, who knows
If the sale is dependent on the trade, they will take it. I have seen what look to be totaled cars in the back lot at local dealers with the trade-in tag on them. They will just wholesale it anyway.
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Old 06-22-2006, 09:38 AM   #11
sixtoo
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Insteresting update. I had my brother take the car to the local Carmax for a free appraisal and they quoted the car with a margin of about $3500 from what my brother would like to see for the car. Frankly, I was surprised that they would offer anywhere over $10,000 for a car with front end damage. I'm curious to see what kind of appraisal I'd get from a typical dealership.

In response to some of the questions/comments about; I too have traded in more than one car for a different one. A while back, I had a beater that I traded with my Corolla when I bought the WRX a couple of years ago. Both were in great condition. It was nice to just unload both cars and skip the hassle of selling them privately.
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Old 06-23-2006, 09:43 AM   #12
littlewhitewagon
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CarMax is good, take it to them to sell and just cash out...they buy cars straight out.
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Old 06-23-2006, 09:58 PM   #13
realfruitsmoothie
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Likely depends on the dealer...
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Old 06-23-2006, 11:02 PM   #14
daprez
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A lot of dealerships are picky about what they take as a trade-in, but they are generally not going to pay you a lot more than carmax will.

Your best bet is always going to be selling it yourself on traderonline or something. If you set a good price you will get buyers fighting each other over your car.
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Old 06-24-2006, 12:03 AM   #15
DrD
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definitely get it fixed if you are going to trade it in (or sell it independently, for that matter) - a dealership is not going to want a damaged vehicle. They'll probably take it as a trade, but their offer is going to be very, very low.
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Old 06-24-2006, 07:43 PM   #16
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i work at a ford dealership, we just took in a john deer tractor w/backhoe towards a 06 mustang GT.

the guy bought the tractor for the sole purpose of crushing his sons frame off restored 64 vette, then drove the tractor to our dealership, which is about 20 miles, down a major highway. then got 18k for the tractor to put towards the mustang he bought, this happened about a month after he got another 06GT mustang and wrecked it, then did this and traded in that tractor.

which is fine and dandy for me, i get to go out back and play with the scrap steel with the tractor on my lunch breaks.
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Old 06-24-2006, 07:48 PM   #17
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Be aware you must disclose frame damage when you trade in the car. If you have it repaired and they find frame damage later on, they can and will go after you for their money back.

Jay
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Old 06-24-2006, 10:01 PM   #18
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Quote:
Originally Posted by Old School Scooby
the guy bought the tractor for the sole purpose of crushing his sons frame off restored 64 vette
Ouch.
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