My Dealers wants to buy back my car. Should I go for it?

[captainm27]

So I got this email from my dealership. I bought my car in June 2008 at $16,900. Today, I am down to $5300 left on the car. What do you guys think? How much is 110% NADA of my car? I have the Yaris Sedan w/ Automatic, 31,000 miles.

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Hi LIVIU MOROVAN,

This is extended through Saturday May 1,2010. We will have 3 different wholesale companies on site bidding on your trade-in.This will maximize what you receive for your trade.

This is a follow up to a letter you should have received in the mail:

Toyota Universe in Little Falls,NJ is offering 110% of N.A.D.A trade-in value for you current vehicle whether leased or purchased. As a recipient of this letter,you have been selected to receive the benefits of this Private Trade-up offer.

ONLY PREVIOUS TOYOTA UNIVERSE CUSTOMERS AND A SELECT GROUP OF LOCAL RESIDENTS QUALIFY FOR THIS UNIQUE PROGRAM.

We need to acquire a large quantity of pre-owned vehicles by Friday, April 30th, 2010 in order to fulfill special vehicle requests. Our event Manager has been authorized to buy back your current vehicle for 110% of N.A.D.A. trade-in value. Remember, before you make your next lease or purchase payment,please give us the opportunity to buy back your current vehicle.When you trade in your current vehicle and purchase any new Toyota or Certified pre-owned vehicle, you qualify for the following:

*YOU WILL NOT HAVE TO PAY EARLY TERMINATION FEES.

*YOU WILL NOT HAVE TO PAY YOUR BANK FOR EXCESS MILEAGE.

*YOU WILL NOT HAVE TO PAY YOUR BANK FOR EXCESS WEAR AND TEAR.

We would like to exchange your vehicle for any new 2010/11 Toyota or certified pre-owned Toyota, or any other pre-owned vehicle in stock.

With current factory incentives which include financing as low as 0% APR up to 60 months or rebates up to $5,000 and our high trade-in value, we feel confident that you can make this exchange with little or no money down and a monthly payment that fits your budget. You give us the key to your old vehicle and we will give you the keys to your new Toyota,certified pre-owned Toyota or any other pre-owned vehicle on our lot. Enjoy the buying experience of a lifetime at Toyota Universe and save more than you ever dreamed of. Join us now through Friday,April 30th,2010.You owe it to yourself.

Please present this letter for your free appraisal, regardless of the make, model or year of your vehicle. Please call our special event hotline at 888-479-6433 or just stop in at the time that is convenient for you and allow us the opportunity to make you an offer.

THIS EVENT WILL NOT BE ADVERTISED TO THE GENERAL PUBLIC. THIS WILL BE YOUR ONLY NOTIFICATION.

The combination of our highest trade-in offers of the season and 2010/11 Factory incentives on Toyota vehicles will save you a significant amount of money during this limited time offer.You cannot afford to miss this event.

These offers are only valid, now through Friday,April 30th:.Buy-Back specialists will be on-site appraising vehicles at the following times: 9 AM-9PM,Monday thru Friday & 9 AM-7:30PM on Saturdays.




Rob Waldo
Internet Sales Manager
Toyota Scion Universe
973-785-4710 x297