Buying my second of two used cars. Curious as to how much of a discount of list you all have been able to get off the list price. Or whether anyone has a good idea what dealers are willing to sell them for based on the trade-in value.
I got the first one at about 86% of what they were asking on it.
Too many variables there for an easy answer.
IMHO, buying used without a trade is the best way to get a great price. As long as you are trading, they can always muddle up the negotiation (that goes for new too).
The next time I buy a used vehicle from a dealership, I won't have a trade (for kid going to college). I will look at the trade prices for all 4 major sites (KBB, NADA, Black Book, and VMR).
Get a carfax report and find out if it was a trade or an auction purchase, and how long they have had it (I hate autocheck reports becuase those don't tell you how long the dealership has had the vehicle). If they've had the vehicle months, they've lost a lot of negotiation power, especially if that know you know how long they've had it.
If the vehicle is like 3 years old, and you can determine it was a leased turn on, I don't buy it when they talk "reconditioning costs." If it was a leased vehcle, it was most likely serviced as recommended (and of course have it inspected independently).
If the vehicle was a trade in, I will hold firm at the highest trade in price. Hold out long enough and you'll figure out exactly how much they have invested into the vehicle.
If they've had the vehicle a short time (like a week) you are going to argue about what they actually did to recondition it.
If it is an auction purchase, I'm going to hold firm probably between the VMR wholesale price and the average trade price. Again hold firm and you'll figure out what they have in it.
If you have a trade, and live near a Car Max, take your vehicle there and see what they will give you. If it is on the high end of trade values, sell it to them. I firmly believe you can make up on the purchase price, what you will lose by not having a trade to help with sales taxes.
Most importantly, be willing to walk away. They will likely call you back with the, "What do we have to do to make a deal?"
Again JMHO.