I have finally located a 2008 Highlander Hybrid "leftover" that the dealer is offering for $38K. This seems to make up for the first year depreciation but I think it should be offered for less. How much should I expect to pay since the 2010 models will be out soon? Also is it better to do a trade with my current car or just a straight sale? Thanks for the help!
With the economy in the such bad shape you need to decide how much you are willing to pay and make the offer. In order to get a true feel you can go to Edmunds.com and check out the value of the vehicle in the current marketplace. As for your trade, you can check out the value on that vehicle as well. You need to consider all aspects before you trade. The dealer will offer you wholesale for your vehicle against wholesale of the new vehicle. Some states give you a tax break if you trade on a new vehicle, you need to find out if that applies in your state. If so that would add more value to your trade in. It is easier to trade and relieves you of any liability that you might encounter if you sell your vehicle privately. if you owe any money on your current vehicle, that would have to be completely satisfied before you can transfer the title to any new owner. Hope this helps.
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〉 Answered on Apr 29th, 2009 by Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company (Retired)