When This ALL Ends, Will You Buy A Vehicle Offering A Great Deal And If So, Which Brand/Model Will It Be?

Yes, but only if the deal is great and they can take my trade at a reasonable price. I don't need a new car, and I don't want to deal with the hassle of selling a used car.

The used car market should revive once liberation happens, but even then, a dealer will NOT give you the best number for a trade in. Selling a car isn't a hassle. You're just being lazy.

When this ends--and it looks like we will be liberated soon--money will flow for car loans.

I know the Dealer wont give the best number, but the 5 percent or so (after sales tax benefit) I give up to trade it in is well worth it in my eyes. It is a hassle because you end up dealing with all these potential buyers who want to come and look at it, test drive it etc, which is totally understandable but eats up entire weekend days when I would rather be doing something else.

You're delusional if you think the dealer is going to give you 95% of the trade in's value. If the trade is worth $10K, we'll offer $6K and say "no thank you" at $7K. The ONLY time a dealer gives a big trade in allowance is that they have gobs of money behind the scenes from the manufacturer that you don't know about.

When you factor the 8.75% sales tax benefit from trading in..the spread is not more than 5%. For example...KBB for my car at the moment is $39,388 for trade in and $44,687 for private party sale. I am not trying to trade in some worthless heap...it is a desirable car in excellent condition. If the dealer low balls me on the trade (ie. nowhere close to KBB) I walk out. If the current trade in market makes it not worth it to trade the vehicle then I can wait.

Stay with me ChaCha...if the dealer gives you KBB, then TWO things are true: (1) you're NOT getting the new car at the best price and (2) there is money behind the scenes to the dealer. We take low KBB and drop way down because a dealer cannot make money on used cars buying them at value and selling them for that price. The smarter move is to do the private sale and then drop the proceeds on the principal of the loan.

Dealers will go back to all their old ways prior to Covid. Their in business to make money. Your always better off selling your vehicle outright than trading it in. When you trade in you give the dealer lots of room to maneuver. Further they don't always pay off your trade in a timely matter. That unfortunately happened to me.

Why would anyone run a business NOT to make money? Though I have seen examples of people hellbent on LOSING money.

We bought a franchise that was known for shady dealing and once we bought it, we found that routinely they were not paying off trades and other lovely things. What a nightmare that was!

We honestly thought that if we renovated the dealer, changed the name, brought our people in and hired and trained new ones that we'd have a quick turn around. Not so.

Instead of the building being a simple repaint, we had to commit to a more transformative redo. We had to cover all sorts of things for free with customers who had been treated poorly. On one hand, the previous group had pending lawsuits against it that we didn't inherit in the buy, but we inherited the stench. You make more money being above board so I am always appalled when people aren't.

We're two years past the full relaunch and are just now starting to see a change in attitude.

only if free

If dealers have 2019 models on their lots I think those will be the real bargains because quite frankly 2021 models will be arriving soon after this pandemic of 2020 is over.
And lease returns and car rental used cars are going to be flooding the used car market so trade-ins are going to take a beating. Yet, those used cars wont have the typical mileage issues since they are just sitting around collecting dust, so there will be tremendous deals on them.

This: "If dealers have 2019 models on their lots I think those will be the real bargains..." isn't remotely true. Manufacturers don't really care about last-year's models and are infinitely more likely to incentivize this year's models given the current situation. You'll get a better interest rate on a 2020 than on a 2019 more than likely.

We've sold a lot of used cars at a loss or near loss to a broker who trucks them to Mexico for resale. His guys literally showed up with a carrier and we were in the lot hunting cars.