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Dealer has offered to "buy back" my 3

2682 Views 21 Replies 11 Participants Last post by  mz3frs
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I got a call this morning from the local dealer, telling me that they aggressively searching for models of the 3 that I have and are willing to show me how they can buy it back and make a profit.

Say WHAT??

I know this is sheisty, but I'm very curious as to what this is about and/or how it works. I have an appointment at 3. I'll let you guys know what happens...unless of course this has already happened to some of you.
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they will offer you blackbook value. They want you to trade it and get a new car. Its a scam.
[quote author=vaca22 link=topic=68227.msg1176676#msg1176676 date=1170178336]
I got a call this morning from the local dealer, telling me that they aggressively searching for models of the 3 that I have and are willing to show me how they can buy it back and make a profit.

Say WHAT??

I know this is sheisty, but I'm very curious as to what this is about and/or how it works. I have an appointment at 3. I'll let you guys know what happens...unless of course this has already happened to some of you.
[/quote]

Wait, let me guess, they want to sell you a new one... Come on, man.
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This would suggest that they're actually expecting the public to believe that they get numerous customers shopping their used lot every day for a used Mazda 3. BS. They're just trying to make their sales projections so the sales managers can get their bonuses.
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Interesting to say the least, this is the first time I've heard of something like this.

What I'm really interested in is this sales pitch....
Never heard of blackbook value before. What is it?
My mother-in-law got a similar request from Lexus about her 2001 IS300.

It's a scam. They just want to sell a new car by tricking owners into thinking their current car is in high demand.
what they ^ said. if youre still going to go, mess with them to give you a high number, then walk out.
Yeah, go in there and say that if this is in such high demand then you want a profit too. Act like your working with the dealer with this.
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Alright, just got back...that took all of about 10 minutes.

The only way some kind of trade was going to be done (since they said they were looking to put some money in my pockets) is if they pay off the rest of the balance owed in addition to the 20 payments I've already made. Fat chance.

So anyway, I walk in and the manager says "You must be vaca22," and invites me to sit down. He starts telling me how all the guys in the garage like working on the car because it's always so clean. It's true, my car is usually spotless and brilliantly shined...but I wonder how many other people he's used this line on.



So I ask him what the call was all about this morning. He asked me if I was interested in all in trading in the car. I told him that I honestly wasn't, but I wanted to come in and hear what he had to say about this whole swap thing, since the lady that called me was saying that there was such an aggressive "buy-back" program going on. So he asks me how many miles I have on it and how much I still owe, and disappears into the back room as most dealers usually do. A few minutes later he comes out and says, "well, based on the amount you owe and the mileage, I don't think this deal can work in your favor that much. See, we've got '06 Mazda6's that have a $4000 rebate, and the book value for your car is $11,750 so really all you'll be able to get is about $500 or so. The 07's don't have that much of a rebate, so that was out of the question." At this point I really wasn't paying attention to any math.

So I start asking questions.

"Is this something you usually do?"
"Well these cars are in such high demand... I mean, look at the lot out there."

I turn around and look. There are no 3's in sight...I can't believe I hadn't noticed.

He continues.
"I don't know if you've heard, but a while ago there was a cargo ship with Mazdas that flipped over. A lot of those cars were destined for arrival here."
"Oh right, I remember hearing about that on the news."
"Right. Well basically we've got customers who have been waiting for a long time and we're looking to see if existing owners are willing to trade up to a different vehicle."
"Sounds nice and all, but I waited 4 months myself to take delivery of this car because I had it ordered exactly the way I wanted it. It has just under 25,000 miles, I get oil changes every 3,000 miles, and there is not a single squeak, creek, or rattle. Positively zero issues...plus of course the sentimental value it holds."
"Oh I totally understand. Well we really want to thank you for coming in. If you ever decide to change your mind or if your needs change, please let us know."

And that was that.
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eeew., you have a sedan? you should have traded it for a hatch.

JK.


no, not really kidding.
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I look at this as a ploy to attract people who are stupid enough to actually go thru with it. You weren't one of them, so you were thanked and dismissed before too much time was invested in working up a deal for you. It's always nice to be in the position of not needing a new car when you go shopping for one. The people who are most often screwed without lube at a dealership are the ones with dying transmissions or broken timing belts..or just ones that don't know a bad deal when they see one.
[quote author=edrection link=topic=68227.msg1177204#msg1177204 date=1170191562]
eeew., you have a sedan? you should have traded it for a hatch.

JK.


no, not really kidding.
[/quote]

i dont see why people are in love with the "hatch" (i dont wanna go there...). it holds the same line as the matrix in a sillouhette hatchwise. i wrote off the speed3 becasue it was a hatch. if you look at the differences, the hatch has bigger flares, but less contours (for instance, the sedan fog lights have more detail than the hatch).

basically, the hatch looks more "american" to me with its bigger lines, but the sedan is more "euro." did that make sense to anyone?

to get back on topic, congrats on not bein a sucker.
but sedans arent common in europe. Hatches main market is in europe. Americans like sedans, for some reason.
Let me get this straight, your 3 has 25,000 miles and the dealer is telling you that it's only worth $11,750? Right :crazy:. I traded in my '04 with around 48,000 miles and left on the suspension and brakes I'd put on as I didn't have the stock parts anymore and got the $13,000 I said I wanted.
What they said they gave you and what they actually gave you are two totally different figures. They hide a lot of bs in a trade.
I know the game been at it for a long time. But everything was cool $23,000 for car - $13,000 for trade = $10,000 to pay for. Exactly what paperwork came out to.

I pay close attention to the numbers / paper game alot of dealers play as I got burned once when I was 20. Has never happened again. I make sure I know what my car is worth for retail / trade and have cleared with the bank how much I want to borrow. Makes things easier going in.
My dealer sends me a few letters a year like this, the first time i even made a thread to, since i had never heard of it. Usually the letters are in the spring-summer time
After I bought my '01 XTerra I would get these mailings on a regular basis. How "MY" truck was in such demand, blah, blah, blah. Think of the transaction costs in purchasing a new vehicle. Between taxes and immediate depreciation you're losing thousands right of the bat.
[quote author=vaca22 link=topic=68227.msg1177174#msg1177174 date=1170190982]

[/quote]

WHOAA!!! where'd you get that front mazda chrome license plate thing? i want one!!!

and is that legal? aren't you supposed to have plates on the fornt and back?

also, would it be practical to go with the trade and get a speed3? i have a WB hatch GT it's got just under 9k miles on it
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