Okay, it is on a 05 Element EX. I had a great experience with my dealer so I decided to give them a referral (also I get $100 for it). They gave me KBB good trade in value with my car and also my honda was at invoice, so I thought I could help my coworker.

I was helping my coworker to trade his 04 Saturn Ion 3 for a 05 Element EX. I know everyone here is Accord owners, but I was wondering what are your opinions. My coworker, actually I am his supervisor, had a day off and I decided to help him out on haggling for a new car. He can't haggle very well and I hate to see him get burned again, so I decided to be a good friend and help him out and keep my haggling skill sharp :lmao:

Here are the basics:
-MSRP with dealer crap was $21770 plus tax and dealer added junk
-KBB "good" trade in value on his Saturn was $9365 with only 7400 miles.
-He owes $9352, so it's pretty much a wash
-Invoice on the Element was $19375
-Dealer cash incentive was $500
-Able to get the selling price to $19100 (granted it should be 18875)
-Here is the kicker, the dealer offered $6000 for his trade in. :thumbsdow
-I stood firm and said no freakin way the trade in was $6000.
-Manager came in and gave me some mumbo jumbo about where is his profits blah blah blah. I don't care about his profits. He then offered $7000 for his trade in.
-I said that he is going to make his profit from the 1% or so interest from my friend's finance, selling of the Saturn (the retail price was $12000), and also most likely the interest from the new buyer of the Saturn. Needless to say, I stood firm and told him basically that $9365 or no deal.
-Manager said no deal and we walked away. Eventhough I mentioned to him that I already gave them a referral and now here is a second one. That's two referrals in less than 6 months.
-I told my friend that they will call him tomorrow or sometime this week to give him a better offer, but I told him stay firm at $9365.
-The next day, the dealer called and offered $9200, but he said that he is not willing to go under $9365. On that same call, the dealer agreed and valued the trade in at $9365.

So he got the Element at 19100 with a trade in at 9365 and I will be getting my referral money within a couple of weeks. :naughty: :nuts:

Glad you stood firm by your friend. Deal could have been better...it's an 05! It should have been under invoice the way I look at it, plus at least KBB on trade-in. But granted that it wasn't going to be your car, good job, probably better than what your friend would have done alone.

That's a big step up from a 12K saturn to a 21K element...you give him a raise or something?

Glad you stood firm by your friend. Deal could have been better...it's an 05! It should have been under invoice the way I look at it, plus at least KBB on trade-in. But granted that it wasn't going to be your car, good job, probably better than what your friend would have done alone.

That's a big step up from a 12K saturn to a 21K element...you give him a raise or something?

His car payments will only be going up 90 dollars or so a month, and extended his monthly payment for another year. He was planning to pay his Saturn off by the end of this year, but he met a girl in January and that pretty much killed his plans to pay the car off. Then his AC for his condo had to be repaired. Then his masterbath had a leak. I felt really bad for him, so that's why I offered my assistance. I still got the Element under invoice.

He was so stressed when I was haggling and he developed a headache. I guess some people just can't handle the car buying experience. He told me that he would have made the deal at 21K and 7K for the trade in.

No, I did not give him a raise. I recently was promoted to a supevisor in my new role (2 months now), and he was in the department for over a year and he was the subject matter expert. My thoughts were I scratch your back, you scratch mine during our working hours. Come to think of it, I did it for my own gains :nuts: LOL

It was fun playing with other people's money.

Good job Sooner in FL !! :thmsup: :thmsup:

Way to sell yet another Honda :D

PLUS +++++ Converted GM to HONDA..... A+


I1 :biggrin:

good job!! :thmsup:

can i borrow you to get me more money for my trade in (04 ex coupe)?? :lmao:

unfortunately i've never gotten calls back to get better amounts on trade ins. i did manage to get both of my other trade ins to go up between $300 and $500, but that was it.

trade in value is where i really get screwed on my current car.... :(

Anysia -

Trade on an Element and they'll give you what ever you want! :yes:

We gonna call you Trader Girl...

04 Honda to 06 TSX, Hmmmmmmmmmmmmmm,,,,,,,,,, gonna be hard to not be upside down.



PK

good job!! :thmsup:

can i borrow you to get me more money for my trade in (04 ex coupe)?? :lmao:

unfortunately i've never gotten calls back to get better amounts on trade ins. i did manage to get both of my other trade ins to go up between $300 and $500, but that was it.

trade in value is where i really get screwed on my current car.... :(

Better off selling it outright yourself...too many great deals on 05's out there right now.

Also on the TSX, did u checkout the CPO program?
I saw a bunch on there earlier this year when I was looking at TL's.

PK

good job!! :thmsup:

can i borrow you to get me more money for my trade in (04 ex coupe)?? :lmao:

unfortunately i've never gotten calls back to get better amounts on trade ins. i did manage to get both of my other trade ins to go up between $300 and $500, but that was it.

trade in value is where i really get screwed on my current car.... :(

Great work, Sooner in FL! :thmsup:

I'm a Sooner in OK...graduated in '99. :)

Love to visit FL, though.

We gonna call you Trader Girl...

04 Honda to 06 TSX, Hmmmmmmmmmmmmmm,,,,,,,,,, gonna be hard to not be upside down.



PK
:lmao: i now have trade in values between 13k and 17k on the accord. of course the price of the tsx varies from about 26,800 to 27,750 depending on the trade in value at the varying dealerships i've talked to.

and given that they wont have the 6spd tsx till january, anything above 13k for my accord and i actually won't be upside down!!!! :thmsup: