Trade in advice

[GeoMimi89]

Got an email from a ford dealer today. It said that they are in need of used explorers as their stock is low. They have invited me to come in for a free appraisal and would like to get me in a new explorer. Just wondering if I should go in to see what they would give me for my ride and get me into a limited or a sport!
Before you comment I have only 4300 miles on my 2013 explorer xlt. June would make a year on the road. I also bought the extended warranty and the maintenance plan. What happens to them.

Any advice would be appreciated

 

[foxtemple]

I think the ford extended warranty is transferable. I am really not sure about the maintenance plan though. The market for used cars will never be good enough for you to be able to trade in a car and get the same new car. I've gotten those kinds of letters from a lexus dealer before for my RX. If you don't mind forking over a little more money you could get a new ex. Doesn't really sound like the deal of the century to me though [unless you are having problems with your ex]. Just my opinion.

 

[13.]

it's been my experience that those letters are the paper equivalent of telemarketers. Just a ploy to get you to come into the showroom.

Besides. It doesnt seam like there is a whole lot of difference between the '13 and '14 so what would the benefit be?

 

[NEWPORTNJ]

Geo, first of all you are upside down on your loan and you just wait, you will will be paying more for no reason it's a dealer scam !!!!

 

[broken strut]

Extended warranty is not transferable. You can sign it over to a new owner on the same vehicle. You can't transfer from one vehicle to another.

 

[broken strut]

Hold on to the vehicle you have. The extended warranty and maintenance will be lost in a trade in. They will make money off of it. You won't. Keep your vehicle and wait it out. Just think how nice the explorers will be in 3-4 years (whatever your loan is out for). Maybe even redesigned. The Sport is pretty nice though. Don't get in one whatever you do. Once you get back in your XLT or LTD it won't be the same, believe me, I know.

 

[13TuxedoSport]

after working in the car business for many years, the "trade in ad" is one of the most successful marketing tools we used. We didn't care what year/make/model you had... even if you had a 1988 Ford Escort in our service department for an oil change many years ago, you would get an ad saying we are in need of Ford Escorts (LOL right).

Anyways if you do decide to do it, your extended warranty you would cancel and get money back, that would either be applied towards your payoff balance or downpayment on the new car -- the maintence plan, depends on the dealer provisions. Most of them are pro-rated by mileage.

Anyways hope this helps.

 

[wvusport]

I agree once you get in a Sport you won't want to get back in yours. However, I traded my 2011 Explorer XLT in for the Sport and they gave me more than I even owed on my loan which made it easier to make that jump! It depends on your dealer. I was told when I bought the ESP package that it would transfer to my next vehicle or I would get a reimbursement of what I didn't use. The dealer told me that they can't keep the used explorers on the lot. I checked the website after I traded mine in and he didn't have it on there a week and it was gone. Granted another dealership could have gotten it, but still! Good luck with your decision!

 

[GeoMimi89]

Thanks guys for all the feedback....I have deceided to keep my XLT for the long term. After long thought I couldn't see myself selling my car back and giving them 10 thousand or so on top of that to get into a sport.

 

[Joe Dirt]

Good decision.

I had to have the same conversation with my elderly neighbor regarding a trade mailer. They traded a $12,000 car on a new Subaru. They then got the infamous email, and said that the dealer gave them $3,000 more than they owed on the loan and thought it might be a great deal to get some positive equity. (?)

If you put $12k down, and end up $3k ahead, you've still spent $9k for owning a car for one year. No dice. Now they get it...

 

[tuin42man]

I still get one of those every couple months for 10 year old honda accord from a dealer where I have never even been. So take it for what it's worth, they are trying to get you to buy another car and it is not for your benefit.

 

[lexrid]

Getting the customer through the door is 90+% of the battle, marketing 101. If they can trick you with that mailer to at least walk through their door you've given them a shot.

 

[GeoMimi89]

Getting the customer through the door is 90+% of the battle, marketing 101. If they can trick you with that mailer to at least walk through their door you've given them a shot.

I realized that in the end. I guess my desire for change took over. Seeing that sport was sweet.. Maybe switching my rims for a set of 20's in the summer will satisfy me..

 

[blwnsmoke]

I laugh because a lady calls from my servicing dealership (works on the sales side) every time my truck is scheduled for service. She calls and says

"I see you have a service scheduled for your F250. The sales manager would like to take a look at it while you are in and offer you a great deal to get you into a new truck. It won't take up any of your time since it is already here".

The next time I get "I see your truck is coming in for service, my sales manager is really interested in getting your vehicle on trade..."

Purely sales gimmick... Next time I'm going to say to them, "you send every vehicle to auction over 100,000 miles, I have 114,000.. enough said"..

Love all these tactics that are so obvious.

 

[converted_21]

Not that every dealer is the same, buuuut... I use to sell Chevys and this tactic was a well known one to sucker prospects in... And then rip them off after they make you think they're giving you some sweet deal.

(Hence I use to sell...)