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Old 01-29-2013, 01:29 PM   #1
Mr. Darcy
EOC Rank: Hydrogen
2009 2WD EX AT
Alabaster Silver Metallic (ASM)
 
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Join Date: May 2009
Location: SoCal
Posts: 70
Important Vehicle Information Enclosed!

So I got a much anticipated letter from my local Honda Dealer wanting to buy my Element, because "there is a high demand for this type of vehicle." But was a little disappointed that they were offering me less than KBB. That not including my upgrades and the fact that they have my maintenance records. Just needed to vent a little. Other than upgrading my radio my E has everything I need for at least 5 to 10 years. Unless Honda brings back a new E.
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Old 01-29-2013, 01:48 PM   #2
Slobadon
EOC Rank: Carbon
2007 2WD EX AT
Nighthawk Black Pearl (NBP)
 
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Location: Atlanta
Posts: 1,451
Yep. Everyone's getting these if you have recently been to a dealership. I haven't heard of anybody actually being offered enough to make them part ways.
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Old 01-29-2013, 02:43 PM   #3
Menteng
EOC Rank: Hydrogen
2005 *Former Element owner
Galapagos Green Metallic (GGM)
 
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Location: SoCal
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That's a typical sales/marketing strategy for car dealers. They would send out automated letters saying that they are willing to buy back your used car. When you take the bait and show up at the dealership, they will try to sell you a new car. You probably will get below KBB price for your E, because they will only offer to give you the trade-in value. Of course, they will sell your E to their used car lot for a profit.

So they could get money on both sides of the deal, by selling you a new car and selling your used E to the public.
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Old 01-29-2013, 03:31 PM   #4
Rob Dobbs
EOC Rank: Carbon
2007 SC 2WD 5AT
Nighthawk Black Pearl (NBP)
 
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Location: So Cal
Posts: 1,433
Hyundai is big on that as well but are generally upfront about it. They fiance a lower priced entry level car to a buyer to build up credit, then a year later upgrade the model car with little to no change in the payment. In other words you buy barebones then swap cars. The entry level used car then goes out to target another first time buyer and the cycle repeats.
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Old 01-29-2013, 07:14 PM   #5
Mr. Darcy
EOC Rank: Hydrogen
2009 2WD EX AT
Alabaster Silver Metallic (ASM)
 
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Join Date: May 2009
Location: SoCal
Posts: 70
A friend of mine was a Sales Manager for a dealership and was telling me there is a $3000. markup on cars they took take in on trade or buy from auctions. Which sounds about right.
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Old 01-30-2013, 12:14 AM   #6
EXwSCnose
EOC Rank: Neon
2007 SC 2WD 5AT
Nighthawk Black Pearl (NBP)
 
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Join Date: Feb 2007
Location: Charleston, South Carolina
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Agreed, it has a lot less to do with the fact that it is an E, - but much more with turning sales... Don't feel flattered, but rather be ready to get flattened...

Chris.




Quote:
Originally Posted by Menteng View Post
That's a typical sales/marketing strategy for car dealers. They would send out automated letters saying that they are willing to buy back your used car. When you take the bait and show up at the dealership, they will try to sell you a new car. You probably will get below KBB price for your E, because they will only offer to give you the trade-in value. Of course, they will sell your E to their used car lot for a profit.

So they could get money on both sides of the deal, by selling you a new car and selling your used E to the public.
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