My salesman just called, they want me to come up and let them take a look at my trade-in.
I knew from the spreadsheet that my car was built last week and it has a VIN.
I didn't tell the dealer that and he didn't call me with that info either.
He said they have invoice on the car now and they want to get things started.
What exactly does having the invoice mean?

I'm not sure why they want to look at the trade-in this early.
I figure it would be at least another month till the car gets here.

I hope they don't have something sneeky up their sleeve at this point in the game.
Guess I've never had anything go this smooth and I'm getting paranoid.

Is there anything real I should be worring about right now or should I save all my worries for when the car actually gets here and we do the real paperwork.

 

Assuming you're financing the new car, I would guess the dealer just wants you to know how much your payment will be including the trade-in, to make sure you still want the car. If you don't still want it, they can move forward to find a buyer. With many people's financial situation being much different from 6 months ago, I'm sure many car dealers are having customers back out of ordered cars.

 

I assume you do have title in hand and do not owe additional money on the trade in.

If they have been invoiced from GM, then they should be able to tell you exactly what your car will cost and you will need to make sure that it is the same as what was agreed based on your order, or pre order as the case may be.

They may be just tryin to valuate your trade. You will obviously need to make sure you get a fair trade value for the car. Use some of the online appraisal tools. Remember they are just guides, but offer valuable information in negotiation for your trade value.

I have already done this as well with my dealer to nail down what I will get to allow me time to work up any additional funding to support the purchase. For you it is a good thing that will better position you to know what you will need to finance and raise for a down payment.

Get the final cost of the car and the trade in value IN WRITING before you leave the dealership. LOL, then lock the car up and guard it like a hawk until delivery so nothing happens to it. If you can, consider the trade then and there to protect your trade equity in the car. Have the trade value applied as part of your deposit. The risk here is that if there is a problem with your camaro at delivery, then you are out both of them and only get the cash value applied as your deposit, but get that in writing too.

Bottom line is that I would not sweat it at this point. Get as much info from them as you can and get it in writing. If they give you a bogus trade value, try getting an appraisal from Carmax. I intend to dothis with my Silverado when i get back from Iraq. Highest bidder gets the truck. If they give you more fo your trade, give it to them instead of your dealer and give the dealer the cash made frm the sale to them.

My opinins and based on things I have done. I am no expert, nor do I pretend to be, but I would not sweat it and take advantage of the situation. I would try to fish the VIN out of them without revealing you know. If they have an invoice they know the VIN. If they can't produce it, then I would start questioning the motive here.

Good Luck!!!!

 

It doesn't sound weird to me. They just want to get the ball rolling.

As a sidebar, I actually bought my C/E one month before it actually came in. I wanted to take advantage of a low finance rate. If they have the VIN & invoice, the deal can be completed and the car sold to you.

 

Thanks guys.
Wow, HuJass making a deal before the car even comes in, no way would I take that chance.
I've seen the Camaro in person and sat in it, but I would never complete the deal before I got a chance to drive it.
I know I'm going to love it though!!

Unfortunetly I owe more on my car than it's worth as a trade-in to a dealer.
I bought the car used in excellent shape 2 years ago and it's still in excellent shape.
Matter of fact I bought it from this same dealer I ordered my Camaro from.
My intent was to establish some good credit and it worked.
According to KBB I will probably owe $1500 to trade it in.
I could try to sell it myself but I need the car till the Camaro comes in and I'm not exactly sure how I would sell a car to someone when I don't have it paid off and a title in my hand.
Right now I'm ok with paying the $1500 plus the deposit on the Camaro when the car comes in.
I'm also ok with figuring out how much it's all going to cost me now, but I will not put down any more money at this point untill I see the car.
What if GM goes bankrupt in a month and I can't get the car or the money back, I'm not taking that chance.
Hopefully everything will go as smooth as it's gone so far.
I'll find out Saturday morning when I go there.

 

Yeah, I did take a chance. I had driven other WS6 T/As and Camaro SSes before, so I knew how the car would drive.
I just wanted that low financing rate. To tell the truth, I never thought that the car could have been damaged or defective or something didn't work.
The car is wonderful, BTW. And although it only has 1,600 miles on it, it's never been back to the dealer.

As far as your other situation. I've sold a car that still had a lein. It was actually my ex's car.
When the buyer came to pick up the car, we met him at our credit union. His check was made out to our credit union and my ex had to fork over the difference to the credit union. They gave us the lein release right there. We already had the title (New York state doesn't keep the title even if there's a lein on the car).
So now he had all the paperwork; he went to the DMV to get plates; he met us back at the house a little later and drove off in the car. It wasn't as painful as we all thought it was going to be.
It helped that the credit union was local, though.

 

[QUOTE=HuJass;5925717]Yeah, I did take a chance. I had driven other WS6 T/As and Camaro SSes before, so I knew how the car would drive.
I just wanted that low financing rate. To tell the truth, I never thought that the car could have been damaged or defective or something didn't work.
The car is wonderful, BTW. And although it only has 1,600 miles on it, it's never been back to the dealer.
QUOTE]

wow, you have more posts on this site than you do miles on your f-body!

 

one BIG reason not to pay for it before it comes in. It gets damaged in shipping, or heaven forbid wrecked (backed into at the dealer, whatever).

You own it, plus the depreciation hit from the insurance company (if it was totaled), and what if they fix it and its NEVER right?

Too much of risk to me.

 

You're absoluely right.
And those thoughts never crossed my mind.

In those days, when the low finance rates first came out, everybody was doing it.

 

Well, as an update, I went in to the dealer on Saturday morning.
They looked at my trade-in and gave me close to what I found on KBB and NADA.
We also went over all the financing and the payments will be a little less than what I predicted.
So all is well and no problems.
Now also when he told me they had the invoice on the car they actually also had the window sticker for the car. So they gave that to me already.
They are telling me they think the car will be here this week.
That would be awsome!

 

great to hear you arent gettin ripped by the dealer i on the other hand will if i dont get my loan down to trade in which is another 6k in three months