A question for the all-wise collective mind of the SDMB:
(since I didn’t find anything useful in the search)
What’s the deal with car dealerships that claim to offer “$3000 minimum for any trade-in!!”, “Push, pull, or drag it in!!”, or something like that.
If I’ve got an older car for a trade-in, clearly not worth the $3000, then what’s the catch? Will they attempt to jack up the price of the new car by that much?
I may be looking to buy a newer used car in the near future - the value of used cars can be pretty well determined by age, condition, milage, etc., so it would be pretty difficult to sell one for $3000 more than it’s true value I’d think.
So, is there anyone out there who understands these types of deals? Any personal experiences (good or bad)? Any other jewels of wisdom?