Got a letter from a dealer that wants to buy back my car...

[captainm27]

Originally Posted by Bob Dog

I got the same pos letter about a year ago. What they want to do is pay you less than its worth, refinance the outstanding balance that is greater than what they will give you as a price for the car, and get you into a new vehicle , which is over priced, and finance it at some ridiculous rate of interest: the letter is complete and utter bullshit. Deep down you really knew that was the case didn't you?

::sigh:: yes, you are correct. Once again the "If it's too good to be true.." statement stands firm.

Originally Posted by Reddog99

It's just another marketing scheme. The object is to move money from your bank account into theirs. They make money from your used car, and they make money by selling you a new car. They can't lose!

YOU are not the one who will make out on this deal, it's them who will make out. File this letter in the same place you file all other junk mail.

It's done! This letter had been on my mine for a while, but now I feel so much better knowing that it's just a junk scheme and not something to take advantage of.

Originally Posted by Soner

I don't want to sound mean but...

Do you really think that you'll get a deal that will make any financial sense for you?
Do you think that your used car is worth the same amount of $$$ as a brand new 2009 car (even excluding tax, license and other fees)?

(You already paid almost $19K for your car, which in my opinion is way too much for it. You could have done much better.)

I think that they will offer you around $9-11 for your car which means around $8-10K loss on your part in about a year.

Do yourself a favor and hold on to your car as long as possible. You already got a bad deal by paying $19K for that car. That's probably why they sent you that offer in the first place.

Ouch! But yeah, I did overpay for my care. (That's another story...adding an extra $1,000 to msrp because of hot demand last year...) Yeah, I already have been paying this car, and don't want to get into more fianancial debt. Did I really think that I could get a newer car and still pay the same or less? Argh! This letter actually accomplished what it wanted and got me thinking about it. But thanks for these comments guys. My mind is now clear! Mrs. Yaris will stay close to my side! Only I will contine to touch her, no one else.