Is the auto market flooded with used HHRs or are our cars losing there ass on resale /trade in value? I went to do the transaction t trade my HHR in on a truck today and had driven the truck loved it sat down with the salesman and the sales manager to start the paper work. We didn't even get passed the credit app when the sales manager asked me if I had any access to 2,500.00 to 3,000.00 cash. I asked why(of course) he told me that that was the only way to offset my rolling debt. OK i figured maybe i was like 1500.00 upside down but then he told me that they could only offer me 7,000.00 trade in on my HHR. I was pissed. my payoff amount was only 14,000.00. I said no thanks keep the truck and walked out so as of now I still have my HHR and guess I will have it for a while. My next payment isn't due till may so maybe my foutune will change. Kinda makes me happy in a way though cause I don't have to give up my baby yet. Maybe its a sign from the auto gods that its not meant to be.

 

because of fuel prices I thought the cost of trucks have dropped and HHRs were more valuable. Guess not.

 

Sounds like time to play hardball. Your first step was right, walk out, refuse the deal. Wait a couple of days and see if they are willing to call and renegotiate. Do not let them strip you of your HHR for less than low book value, which according to KBB.com should be $9-12k depending on condition, options, etc. Retail price is around $15k so the $7k lowball is out of line. It's not like a large suv or cookie cutter sedan. Don't be afraid to walk out the door a few times to get your deal. I have a friend who did the walk routine and ended up getting a sweet deal on a Ford Powerstroke, and getting almost high retail for his chevy half ton. Good luck on this one, seca650rj

 

The dealers don't want used cars in their inventory. Sell yours on Craigs List or what not. Many HHRs were in the rental fleets also. Used cars have no market value. I don't know what you have in your HHR, when mine was new in 06 I only paid $14+K for it.

 

Mine is a 2007 Fall Edition 2LT with the black chrome package. Sticker price on mine was $22,000. After trade-ins and rebates it was still $19,500.00

 

I (almost) never trade a vehicle in. Here is what trade_in_offer/what_I_sold_for on my last 4 vehicles going back to early '80s $1200/$4300, $4200/$8600, $8900/$12,600, $17,700/$21,500. Dealer would have deducted a lot for high miles, buyers did not care.

 

Check these 2007 prices. They are right there with what you owe. The dealer was taking you for a ride on his offer.

http://www.autotrader.com/fyc/search...sfyc=&systime=

The only advantage of trading in your vehicle is the sales tax savings that is offset. But if you can sell your vehicle outright and pay your loan off in full, the sales tax savings is not relevant in your current situation.

 

that stinks man. sorry they did that to ya. good choice on walking out though. if they want your business , theyll call back, if they dont, go somewhere else. or sale your car on your own, its always better, just takes time. but patience is a virtue :)

 

I own a 2001 Oldsmobile 4.0 Aurora, NorthStar engine, wonderful car. Had 90,000 miles on it last year. Went to trade it on a $42,000 new '07 Lucerne. Catch this - they offered to trade for something like $37,900. Right. Hell, you could buy the car clean for that price. Kept the Aurora, runs great, bought the HHR and am happy as hell. (once I replaced the rotors).

 

Old Lar is right on about rentals in FL,. Central Florida is the 2nd big car rental in the U.S. and used car lots are full of them. Lots of HHR also.. like my HHR. Plus dealers don't want used cars they can't sell the new ones. five dealers have closed in the last 2 m Bill heard, a auto Nation ford and a Pontiac/buick/GMC dealer & a JEEP dealer this Oct.