Friend trading his 911. Should I buy directly from him or from dealer after certified
my friend is trading his porsche 911 for a targa. I can buy his 2013 with 14000
miles from him plus the additional 5.9% he would save in tax on new car. he
has all the records and there are no issues. May need tires based on age. my
question is whether to buy it directly from him or have him trade it and then
buy right away from dealer after its certified.
Offer your friend $1000 over what the dealer will pay. That way you both win. The dealer will mark it up a lot, probably 20% or more.
Buy it from him.
Yup. A 911 at trade in cost is a deal hard to pass up.
i can buy the car from friend for dealer offer plus pay him 6% for the tax he will save on trade. Or I can have him trade to dealer, have them certify, pay extra charge of maybe 1000 and not have to give my friend the 6% because he will get that off his new Targa. My price would depend on certify plus what needs to be fixed. But he just had car in and the only thing they mentioned was maybe tires because they are older but still good. No mention of brakes. Car has 14000. Not sure which way is better. Obviously not buying off the lot from dealer which will be much higher markup
Is it important to have car certified. Might be a wash because I have to pay my friend 6% more for his tax savings and then pay tax on sale price which i have to do from dealer. Didn't know if dealer will try to run up price with certification. And they might charge me for doing this as an in and out but they will not have to carry the car on their lot if I buy it right when friend trades for dealer offer to him
Only if you want it too be, you can have an independent shop check it over for a lot less money that the dealer is going to add on if it goes certified. It still sounds like buying it from your friend is still money ahead for you. You are not going to get any price breaks from the dealer, in fact he may very well want to price gouge you cause of your interest in the car. When it comes to car dealers it's "buyer beware".
I don't get the 6% thing. Your friend will get a set price from the dealer which will be a trade in cost that they will mark up considerably when they sell it. The fair deal is to give him a little more than the dealer would. He won't be saving the sales tax as you pay the tax on the purchase price, not the price after trade in. Maybe he is scamming you.
I will put it this way. If the dealer gives your friend $60,000 for the car trade in (just a guess). They will sell it for a lot more, maybe $90 grand. For real numbers look up the car on the Bluebook, Edmunds or NADA and compare trade in value to full retail value.