Professional vehicle valuation requires comparing market data for similar vehicles with identical specifications (year, mileage, trim level) to establish fair pricing, while negotiation involves balancing the seller's needs (such as negative equity situations) with market realities to reach mutually acceptable agreements.
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TikTok Follower Negotiates A Deal On His Jeep!Added:
Hey guys, Gideon from Toronto Auto Brokers. We have a super busy day ahead of us, but first of all, Jacob told me there was a customer who specifically asked for me. I don't know who the guy is. I never met him, but let's go in and have a talk with him.
How are you, boss?
Nice to meet you, my man. How are you?
Came ready, eh? Shaved everything, eh?
Dude, look at look at good-looking this guy is. He's making you look bad. I know. What can I do, man? So, he met us through the TikTok. Okay, amazing. One key, two keys? Just one key is good. So, I understand you saw some of our videos.
Yes, yes, I did. Uh you can't get rid of us, eh? Yeah. Wherever you are, the videos come up. And now you want to sell your car, right?
>> Yeah. Now, you want to use it as a trade or we just buying it? Just selling it.
>> Just selling it. Nice and simple. And are you the first owner or second owner?
>> The first owner. You blacked out the wheels yourself? No, it's You bought it like that? Yeah, I bought it like that.
That actually looks great. You know what? Not too many Wranglers I see with those glossy wheels.
Usually they come with like a gunmetal finish, but this looks really nice. So, this is a Altitude package? High Altitude, top of the line. I even like the uh fuel cap. It looks pretty cool. Yeah.
So, that's all included in the package, right?
>> Yes. Got it, got it. You got good taste.
You leased, financed? It was leased, but there was buyout, so just I have open lease. If the numbers work, we'll buy it out. That's what you mean, right? Okay.
And let's see what year and kilometers this is.
Can you just unlock it, please? Yeah, here you go. It's a 2022. 2022. It's a V6, which is good. See, it's got a claim. It says small $2,000 for theft.
Somebody broke our rear window. Oh, really?
>> Tried to steal the car, but they They couldn't get it out, eh? Okay. So, that's what the claim was for, just the back window. Okay.
Look at that interior, man.
This is like a mini G Wagon, eh?
I think that's what they call it, G Wagon, but Yeah, probably. Can I grab the key? Here you go. So, it's got kilometers is 57,000 km.
Any issues with it? No, no issues. It's a clean car. No mechanical, no lights on the dash, which is good. Interior looks really good. One top or two tops?
Uh I think it's one top. Did you ever change the tires? No, these are original tires. Because you know what? Like I'm actually shocked.
Usually they they're gone at like 40k, and this one is 57k, and there's still meat left.
That means you drive it nice and gentle.
>> Maintain it well, yeah. Yeah, no, the body looks perfect to me. I mean, couple of little spots of rust, but that possibly could be like surface rust. I think it was like a snow salt residue. Yeah, probably. Let's check the roof.
Roof is good, no scratches. You getting something else instead? So far, no. So far, no. Okay. [snorts] Just selling it.
You're just selling it. Okay. And there's money owing a little bit? Yeah, there's a buyout. How much? Do you know what it is, more or less? Yes, about 48.
48,000, okay. How much was this thing new? About 75?
Yeah, including taxes, 75.
>> done your homework? Do you know what you're looking to get for this? I did. I think it's around high 40s. High 40s?
>> Low 40s, between that. These cars really came down in price. I think we'll probably be somewhere like 36, 37.
That's too low. Too low?
>> This is a top of the line model. It's a loaded car, and it's a V6. Yeah, you're right.
What's the least you think we can do?
43. 43?
I think we can probably maybe get 38, maybe maybe 39.
That'll probably still be low. I'm looking in the 40s. In the 40s? See, because you have negative equity, I want to try to help a bit. So, I think maybe we can step up to 40, but that's probably going to be the max. I would assume this car would probably retail for about 43 grand. Is that the best you can do?
42 No, I don't think so. I don't think And I'm giving you 40 just because of the trim level. Got you. It's a very high trim level, and I do like the car.
Otherwise, if it was just a Sahara, I mean, the price would be probably $5,000 lower. We'll see if you can do better.
Listen, I want to make a call. I'm going to check if I can pay more, so just give me 2 minutes, and let me do my thing.
Sure.
>> Because there's so many of these cars in the market, so I want to make sure I compare apples to apples, okay? Just give me a minute. So, I just got off with one of my guys who's very knowledgeable about these cars. He gave me some info. He told me the number 40 he thinks is actually pretty strong. I wanted to check myself, so I'm just going to take a look. And surprisingly, comparing apples to apples, same year, same kilometers, with the same package, the High Altitude package, some of them are actually retailing for pretty low prices. You can see retailing for 40,000, retailing for 39,000, retailing for 41,900 with 44k. All these are High Altitude. A lot of the cars online that I see are four cylinders. I know gas prices are up right now, and that usually helps a four cylinder, but in my opinion, the four cylinder is still very underpowered, and I would rather take a V6 all day long for truck that big. I think it's still worth two to three grand more. By giving the customer 40k, we're definitely stepping up because some of these cars are actually retailing for that. So, I'm hoping that we're not overpaying for this car. In this case, customer is negative equity. It's a crappy situation, but all we can do is put our best foot forward and try to get this deal done. So, listen, I just got off the phone with a couple of guys, and I checked online, too. And honestly, the best best best we can do is 40 grand. I think it's really good money for it. I feel bad you have negative equity, but whatever it is, you'll give us the difference, we'll pay it off, leave us the keys, ownership, sell a V, and move on to the next chapter. Is that the best you can do, 40? Not 41? 40 grand, a hug, >> [laughter] >> and an espresso, and we call it a day.
All right. Um sure. You can live with that? I can live with that. Thank you, and it was a pleasure meeting you.
>> Thanks so much. Thank you. And look at this, guys. After everything said and done, it's his final goodbye to the car.
I'm happy to start fresh. You satisfied with the deal? You satisfied with TAB?
Yes. Thanks for coming in, man. A pleasure meeting you. Thanks again.
All right. Well, we stepped up a little bit more than I wanted to, but at the end of the day, we got the deal done.
Customer is happy. He's done with this chapter in his life. He's ready to move on. We got a new car in our inventory. I hope somebody's going to appreciate the V6. Otherwise, I'm screwed. Overall, really pretty car, must say for a Jeep Wrangler. It is one of the nicer ones.
I'm not a biggest fan of these cars, but if I were to buy one, this is probably going to be the one.
I love the interior. I love the key color bumpers, the color-matching fenders. You even got a little Look at that, guys. It's like a Jeep Wrangler convertible logo on the rim. Pretty, no?
I think that's going to be worth 40 grand on its own. Well, guys, today is over. The sun is shining. It's time to go home and just relax. Usually, if you follow us, you can see that we do the appraisals on the short form. This time we've done the longer version. I want to get your opinion. Should we continue to do longer appraisal, or should we keep them shorter, two to three minutes? Let me know in the comments.
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