Quote:
Originally Posted by texvette
If such an upside, be nice if held there trade value.
Sent an online quote estimate. My 13, 11,000 mile diesel
offer was under half what paid. Appraiser for dealer sent
a note saying the diesel was not as desirable. as 3.5i or V8.
They have all the repair records, which probably figured into the estimate.
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A dealer told you that the 3.5i or V8 was more desirable than the diesel? Is this the same dealer that gave you an appraisal of less than half what you paid?
This was an online appraisal so this dealer didn't even look at the vehicle and it is a dealer's job it is to sell vehicles for profit. A dealer may low ball you to give them more negotiating room and it is very unlikely that this online appraisal is what they would actually pay in the end. I'm not surprised that a dealer told you that your vehicle was not as desirable as other models and then gave you an appraisal half what you paid.
The only way to know for sure is to compare the actual SELLING price for these different vehicles. They could say a lot about desirability. It is the very rare car that ends being an investment and by 'investment' I don't mean increasing in value, per se. It would be nice if they held their value more but I'm not surprised, I guess, and yours is only one dealer's appraisal.