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Did I get ripped off?

Jnbmom
Community Leader
Super Contributor

Re: Did I get ripped off?


@micvite wrote:

@Jnbmom wrote:

I am no car expert by any means but I was offered 8500 for my 2015 Hyundai eltranta with 65K miles on it. Due to some changes we decided not to get a new car at this time .

 

And not showing you the paperwork before the deal was done sounds very shady 😞

 

 


Thats baaad... kbb puts you around 12k for the hyundai lol and thats for the cheapest se trim with no options.


I should have stated this was months ago lol yes it looks 10-12K now as used car values have skyrocketed . But glad you got a laugh 

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Message 11 of 15
micvite
Frequent Contributor

Re: Did I get ripped off?


@Jnbmom wrote:

@micvite wrote:

@Jnbmom wrote:

I am no car expert by any means but I was offered 8500 for my 2015 Hyundai eltranta with 65K miles on it. Due to some changes we decided not to get a new car at this time .

 

And not showing you the paperwork before the deal was done sounds very shady 😞

 

 


Thats baaad... kbb puts you around 12k for the hyundai lol and thats for the cheapest se trim with no options.


I should have stated this was months ago lol yes it looks 10-12K now as used car values have skyrocketed . But glad you got a laugh 


I guess it depends what you consider months ago lol, used car values have actually dropped a bit as production has picked up, but last year after march-april they were through the roof

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Message 12 of 15
dunn2500
Frequent Contributor

Re: Did I get ripped off?

if you cant make sense of it they probably hosed you.......everything is in the documents!.......what they paid you for trade, DP, price of new, interest rate, blah blah blah.......if they cant explain something dont sign........they try to rush you thru process so you wont catch it (been my experience)......now i read everything, if it dont look right no deal......ill take as much time as i need screw them.....

 

sorry if this is the case but really general public needs to be more proactive and not just go by whatever they say.....sad to say most are still crooks in this industry......it is what it is and adjust accordingly

Message 13 of 15
dunn2500
Frequent Contributor

Re: Did I get ripped off?


@disdreamin wrote:

If you're concerned about cost - and who isn't - and considering trading in a vehicle, I think it's wise to do your due diligence using kbb, edmunds, carvana, etc, before setting foot in a dealership. Last summer, offers for my trade-in ranged from about $13.5k to $21k depending on the dealership. And no, they weren't just fudging the numbers - the price of the new vehicle was a separate issue, with the two dealerships that offered $21k being around invoice and the one offering $13.5 being at MSRP. Overall, the offers ranged by well over $8k from worst to best.

 

It's easy to get taken advantage of, and once I'm in the door the desire to leave with a new vehicle is strong. That's why doing the legwork in advance to know what you should be getting and/or paying is so important.


agree 100%.......the responsibility is on the buyer to know what they are doing before setting foot into a transaction, the dealership has done their homework and know exactly what their doing and so should the buyer, go in armed with as much ammo as you have at your disposal....if you dont cant really blame them as everyone knows how they operate.......do your homework or prepare to get worked plain an simple

 

its just business.............information, knowledge is key for any finacial deal

Message 14 of 15
ToysDad
Established Member

Re: Did I get ripped off?

Sorry you did not see the paper work, lesson learned.   Make sure you understand everything before you signed.

 

Did you get ripped off?  That is only up to you to decide.  If you are happy with the numbers and the vehcile then no you did not get ripped off.


Was there a better deal available? Perhaps, but since we don't know your trade, and market, and timing, who knows.  

Message 15 of 15
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