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Asked: Feb 10, 2009 - 11:19 AM

Status: Closed

When dealer buys a car at auction, is the price paid similar to the amount given for trade-in?

I am interested in comparing the price a dealer paid at auction vs. the price given on a trade-in to determine the spread between the dealer cost and the price at retail. Car is 2006 Jetta 2.5 Sedan with 25,000 miles. It is certified. It was a fleet car purchased by the dealer at auction. TMV trade in value is $12,590. Retail price is $15,400.

In Buying & Selling > Car Values
In Buying & Selling > Car Values > Trade-In Values
2 answers - 269 days ago

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kecklerracing

Date: Feb 10, 2009
Time: 02:37 PM

normally the dealer will allow a little more since he does not have to pay fees transportation and he knows the history and can evaluate the vehicle better. If he plans to keep it to resale. I would say a few hundred may even give more depending what the vehicle beiing purchased is

Source: kecklerracing

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robert137

Date: Feb 10, 2009
Time: 09:49 PM

What some dealers are doing is quoting people an auction price called the black book
this is just an attempt to quote you a lower figure on your trade I am going to tell them that
if i cant get Edmunds true market value trade in on my car then we are wasting each others time.

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