Maybe I'm not reading this correctly but I am failing to see the logic. Why would a dealer "sell" a car for you at no profit? Seems like instead of making money on two cars (the one you are buying plus eventually the one you are trading in) the dealer is only making profit on one car (the one you are buying)
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Originally Posted by scrammer
Done this 3 times in the past with great success.
Advertise your car on cars.com or equivalent for half way between trade-in value and market value … and offer the buyer to purchase through a dealer … as that way everyone is protected!
For example, the dealer offers you $30k (wholesale) for your car while they have a similar one on the lot for $40k (retail).
Since you are buying a "new to you" car from the dealer you offer to bring your own buyer and now the selling price on your trade is $35K.
Buyer deals with the dealer and gets a $40k retail car for $35k so he is happy … and you get $35k for your trade less the $400 doc fee to do the deal … and you buy the "new to you car" from the dealer and save the $4,600 on the trade-in and therefore the difference on the taxes too …. and the dealer is happy because your trade is an in-and-out deal and they move a car off their lot in one day .. with that in mind, the sales person gets paid too!
Sounds interesting doesn't it … shop it around and you will be surprised how many dealers will step up and do this type of deal!
Go to your local dealership and make initial contact with the business manager … not a sales person … and you will be good to go!
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