Do you think a car dealer would drop the price of a used car from $14,000 to $12,000 Honda Civic 2013?
Paying with check at once not monthly
Assuming the car is priced fairly (kbb.com) at $12,000, it might be possible. Typically, dealers have about a 10% markup in their asking price versus the price they are willing to accept. That means a $1400 reduction, not $2000. But you'll never know until you try. No Maybe since you're paying it all up front. That's a pretty steep drop though. $1,000 off is pretty doable with cash. Go ahead an offer 12. Worse they can do is say no. Which they will try. Remind them it's cash though. A check is same as cash. Ask them and find out. I would say you will be told no but who knows they may just take it. A lot may depend on how bad they want or need to sell the car. Who knows? Only one way to find out.
It all depends on the dealer, how they acquired the vehicle, and how much they spent on it to acquire it. He could have $12500 in it already, and doesn't want to budge from $14K. He could have spent $10K on it, and is willing to take $12K cash. You never know.
Most dealers don't drool over cash any longer, because they make decent money off of finance deals. If this is a local "mom-and-pop" lot, he may hold out to see if he can finance someone on it before taking a cash offer.
Again, only one way to find out. There's no magic answer. Probably not unless it was overpriced to begin with. The car dealer will not take a dime under the current market value of the 2013 Civic, Kelly. You can very easily look up the current market value of this Honda, or any other used vehicle, here:
http://www.edmunds.com/appraisal/ Maybe, but on a high demand car like a used Civic maybe not so much.
My current car (blue) was purchased used they were asking $15,000. I saw in a different dealership in a different town a similar car (red) for $15,000 which they came down to $14,000 but lied that they came down to $13,000 so this dealership offered me the blue car for $12,500 if I took it that day, which was back in 2003. Look around at other dealerships for the same car and might find one in that price range tell the dealer where you found it he may drop the price
Maybe since you're paying it all up front. That's a pretty steep drop though.
$1,000 off is pretty doable with cash. Go ahead an offer 12. Worse they can do is say no. Which they will try. Remind them it's cash though. A check is same as cash.
Ask them and find out. I would say you will be told no but who knows they may just take it. A lot may depend on how bad they want or need to sell the car.
Who knows? Only one way to find out.
It all depends on the dealer, how they acquired the vehicle, and how much they spent on it to acquire it. He could have $12500 in it already, and doesn't want to budge from $14K. He could have spent $10K on it, and is willing to take $12K cash. You never know.
Most dealers don't drool over cash any longer, because they make decent money off of finance deals. If this is a local "mom-and-pop" lot, he may hold out to see if he can finance someone on it before taking a cash offer.
Again, only one way to find out. There's no magic answer.
Probably not unless it was overpriced to begin with.
The car dealer will not take a dime under the current market value of the 2013 Civic, Kelly. You can very easily look up the current market value of this Honda, or any other used vehicle, here:
http://www.edmunds.com/appraisal/
Maybe, but on a high demand car like a used Civic maybe not so much.
My current car (blue) was purchased used they were asking $15,000. I saw in a different dealership in a different town a similar car (red) for $15,000 which they came down to $14,000 but lied that they came down to $13,000 so this dealership offered me the blue car for $12,500 if I took it that day, which was back in 2003.
Look around at other dealerships for the same car and might find one in that price range tell the dealer where you found it he may drop the price
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