Trading A Car In For New

[Thairab]

Hi, i am currently looking at trading in a 1995 Toyota Corolla and i'm basically looking for advice from anyone who has experience in this.

I own the car and have the blue book in my name. I was thinking of upgrading to a Vios or similar through Toyota. What should i expect from them? Is it possible to use the car as a deposit and use them for the finance? The car is in good condition.

As i said i would appreciate any advice so thanks in advance.

[stingray]

Hi, i am currently looking at trading in a 1995 Toyota Corolla and i'm basically looking for advice from anyone who has experience in this.

I own the car and have the blue book in my name. I was thinking of upgrading to a Vios or similar through Toyota. What should i expect from them? Is it possible to use the car as a deposit and use them for the finance? The car is in good condition.

As i said i would appreciate any advice so thanks in advance.

New car dealers don't trade anything in, unless it's so cheap that some of their staff cann afford to buy. Usually they call the used car dealers to make a offer.

[Cuban]

Clean it up - take some nice pictures and sell it privately - you will make more than through a dealership or second hand dealers.

If you live in an area with large farang population - look at supermarket for sale boards - or a simple board in the window etc.

[Thairab]

^^ gracias cuba, thanks for the advice so far i have thought about selling it privately as i want to make sure i dont get the usual attempt at a rip off

[Digitalbanana]

I went to a Toyota shop who said I could buy a new car from them and they'd take my old one, albeit for a little less than I expected. Old car was only 3 years old tho and a Toyota also. I didn't follow up tho, and kept both cars.

[Thairab]

Which toyota shop was it? My missus called the one on Rama 5 and they said they would take the old car??? I guess it cant hurt to call in and see what they say. I'd expect them to be a little bit low but i'll give it a go.

[chiang mai]

Dealers don't view a trade in on a new car as the second part of the same deal but rather as a separate deal entirely - they want to make the same profit on the trade as on the new car sale hence there is no benefit or leverage to be gained.

[ignis]

they want to make the same profit on the trade as on the new car sale hence there is no benefit or leverage to be gained.

Not a 100% true. depends on what car your trading in and if there is a good market/demand for this car. sure it is 2 different deals.

Go to a tent dealer and see what they will offer cash for the car.... go to another and look at a car and then see what they will offer for your car.... this will give you the rough idea on what you can expect to get for your car. Now you can go to the dealer and see what they will offer for your car against a new one..

Myself went to 8 different tents, there offer for my old car were all about the same within 30k baht of each other, with this I went to the dealer for the car I wanted the offer was low, so I just laughed started to walk away, but more talks more phone calls, manager/owner came to look at my car, more talks new offer, again and again. until I bought the car....... at the end of the day I got 10k less the the highest offer from a tent dealer, so 70k more than the dealer 1st offered + got a number freebies thrown in, so I was happy.

Sure I could have sold it private for maybe 30k more, but then I live out in the sticks, would need to advertise, wash the car every day, phone calls visits, test drives, people with no money etc, so much easier to do a deal were you have your new car and your old car is gone the same day.

[Thairab]

they want to make the same profit on the trade as on the new car sale hence there is no benefit or leverage to be gained.

Not a 100% true. depends on what car your trading in and if there is a good market/demand for this car. sure it is 2 different deals.

Go to a tent dealer and see what they will offer cash for the car.... go to another and look at a car and then see what they will offer for your car.... this will give you the rough idea on what you can expect to get for your car. Now you can go to the dealer and see what they will offer for your car against a new one..

Myself went to 8 different tents, there offer for my old car were all about the same within 30k baht of each other, with this I went to the dealer for the car I wanted the offer was low, so I just laughed started to walk away, but more talks more phone calls, manager/owner came to look at my car, more talks new offer, again and again. until I bought the car....... at the end of the day I got 10k less the the highest offer from a tent dealer, so 70k more than the dealer 1st offered + got a number freebies thrown in, so I was happy.

Sure I could have sold it private for maybe 30k more, but then I live out in the sticks, would need to advertise, wash the car every day, phone calls visits, test drives, people with no money etc, so much easier to do a deal were you have your new car and your old car is gone the same day.

I live not far from Rattanatibet and kanchanpisek where there are loads of tent dealers. I planned to pay them a couple of visits and see what happens from there thanks for the advice ignis

[Farma]

For comparison

We traded in a 1995 corolla at an upcountry Toyota dealer last year. 120k on the clock, tidy inside, had been in an accident, the mechanical repairs were ok but the paint didn’t quite match.

They gave us 280,000 as trade in on a new car. The new car cost the Toyota website listed price with 1 years insurance, floor mats, window tinting, fancy mirrors, running boards, side window screens and rust proofing.

[PattayaParent]

Did exactly the same as you only last year.

Couldn't be easier.

Go around a few second hand dealers to see what price they'll offer and then go see the Toyota dealer and you can negotiate with based on the offers you've received. Also look on one2car.com to get an idea of the selling price from secondhand dealers.

You will only have to pay the Toyota dealer the difference of the new car price minus the trade in value so the transaction is made much simpler.

[stingray]

Did exactly the same as you only last year.

Couldn't be easier.

Go around a few second hand dealers to see what price they'll offer and then go see the Toyota dealer and you can negotiate with based on the offers you've received. Also look on one2car.com to get an idea of the selling price from secondhand dealers.

You will only have to pay the Toyota dealer the difference of the new car price minus the trade in value so the transaction is made much simpler.

280'k for a 95' corolla? So he have to fix the color and sell it for let's say 330? I think he gonna "married" with this car. Can never sell again. No wonder why most of peaple buy in Bangkok or Pattaya.

[Thairab]

A big thanks to everyone for the information, i now have ,more or less the thoughts i had on how to do it confirmed so i can rest easy

Many thanks