Doesn't everyone like things for Free?
Throughout this next post I will talk of different cars I have found in the Michigan Auto & RV magazine. This magazine comes out about every Tuesday or Wednesday and they are FREE! Yes that's right! Another way to look for a deal without having to spend a single penny (until you find a car that is, you have to pay for those). I have two magazines that I looked through and have found a few Bonnevilles and they were very hard to find.
First I found a 2004 Bonneville with 41,000 miles on it for $21,000. On Kelley Blue Book's site I found that the Trade-In value of this car was $11,475, the private property value was $14,345, and the Suggested Retail value was $17,390. Since we are learning to be smart shoppers we would know that a car worth only $14,345 being sold for $21,000 wouldn't be a very good deal. Since learning this I moved onto the next Bonne I found.
Next we have a 2000 Bonneville SSEI with only 76,000 miles that is being sold for $8,100. I have no concept of car value, although it is getting better, but I thought there is no way this car could be worth that much. This car had almost all available options, chrome wheels, and some other really eye catching options. When I went to look this car up on kbb.com I found that the Trade-In Value was $7,675, the private property value was $9,860, and the suggested retail value was $12,050. This car is a deal by about $1,700 and if the upfront money is available to purchase such a car, you will not only get reimbursed for your payment, you will receive nearly $2,000 in profit.
The second magazine had just about as few Bonnevilles as the first one I searched. I will share the few good examples that really surprised me and some that were deals. First there was a 2000 Bonneville SLE with 130,000 miles on it priced at $6,250. Once I researched this car I found that the Trade-in value is $4,375, the private property is $6,375, and the suggested retail price is $8,460. This car made it as a deal by only $125, but as I have talked about before and will constantly restate, is that you can always negotiate the price you buy it for. This car could gain a small profit margin, but if you negotiate a bit, get it looked at by an expert and point out things that turn you off. Then make your offer and be able to walk away if the owner does not except. Another good piece of advice is don't overthink it and push your limits. If you think you're asking too low of a price, just ask anyway, what's the worst that could happen? He says no, and you can either negotiate between the two given prices (the owner's and yours) or you can walk away from the deal and keep trying.
I found another Bonneville in here that I was compelled to share because it was so close to being the kbb.com price, which made me think that someone has maybe done some of the same type of research that I have to earn a profit. This 1999 Bonnevile has 112,000 miles on it and was being sold for $5,600. The car looks like its in wonderful shape and when I did my research I found that the car's trade-in value was $3,775, the private property value was $5,560, and the suggested retail price was $7,445. This was such a close buy that it just drew me back. This car was only being sold for $40 more than it was worth, now a little negotiating could really help you in this situation, but this blog was just another example of how you can find deals anywhere and the research material can be free! Now who doesn't want that? Hopefully in the next entry there could be actual material on looking to purchase a car, or actually purchasing one, but we'll see what little step is taken next.
First I found a 2004 Bonneville with 41,000 miles on it for $21,000. On Kelley Blue Book's site I found that the Trade-In value of this car was $11,475, the private property value was $14,345, and the Suggested Retail value was $17,390. Since we are learning to be smart shoppers we would know that a car worth only $14,345 being sold for $21,000 wouldn't be a very good deal. Since learning this I moved onto the next Bonne I found.
Next we have a 2000 Bonneville SSEI with only 76,000 miles that is being sold for $8,100. I have no concept of car value, although it is getting better, but I thought there is no way this car could be worth that much. This car had almost all available options, chrome wheels, and some other really eye catching options. When I went to look this car up on kbb.com I found that the Trade-In Value was $7,675, the private property value was $9,860, and the suggested retail value was $12,050. This car is a deal by about $1,700 and if the upfront money is available to purchase such a car, you will not only get reimbursed for your payment, you will receive nearly $2,000 in profit.
The second magazine had just about as few Bonnevilles as the first one I searched. I will share the few good examples that really surprised me and some that were deals. First there was a 2000 Bonneville SLE with 130,000 miles on it priced at $6,250. Once I researched this car I found that the Trade-in value is $4,375, the private property is $6,375, and the suggested retail price is $8,460. This car made it as a deal by only $125, but as I have talked about before and will constantly restate, is that you can always negotiate the price you buy it for. This car could gain a small profit margin, but if you negotiate a bit, get it looked at by an expert and point out things that turn you off. Then make your offer and be able to walk away if the owner does not except. Another good piece of advice is don't overthink it and push your limits. If you think you're asking too low of a price, just ask anyway, what's the worst that could happen? He says no, and you can either negotiate between the two given prices (the owner's and yours) or you can walk away from the deal and keep trying.
I found another Bonneville in here that I was compelled to share because it was so close to being the kbb.com price, which made me think that someone has maybe done some of the same type of research that I have to earn a profit. This 1999 Bonnevile has 112,000 miles on it and was being sold for $5,600. The car looks like its in wonderful shape and when I did my research I found that the car's trade-in value was $3,775, the private property value was $5,560, and the suggested retail price was $7,445. This was such a close buy that it just drew me back. This car was only being sold for $40 more than it was worth, now a little negotiating could really help you in this situation, but this blog was just another example of how you can find deals anywhere and the research material can be free! Now who doesn't want that? Hopefully in the next entry there could be actual material on looking to purchase a car, or actually purchasing one, but we'll see what little step is taken next.
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