Yesterday, I received an unexpected call from the dealership where I purchased my 2023 Sportage X-Pro Prestige. They inquired if I’d be interested in selling it back to them, citing a high demand for the new body style. They mentioned that some customers are looking for this model but are either unwilling or unable to purchase the 2024 or 2025 versions.
It’s clear that this is part of their strategy to entice us into buying a new vehicle from them. The wife and I discussed the offer last night, and we’re open to the idea, especially if they’re willing to pay off what we currently owe on the Sportage. Our payments are manageable, but they’re at the upper limit of what we can afford, so getting into a less expensive, newer model would be appealing. For example, the top-tier 2024 Niro Hybrid is slightly less than our current balance based on MSRP. We realize we’d sacrifice some features, but that’s a trade-off we’re willing to consider.
However, I’m skeptical that the dealership would offer us enough to cover our outstanding loan, though my wife is optimistic, reasoning that they might if they can quickly resell the vehicle. Has anyone else gone through a similar situation? If so, what kind of offer should I realistically expect?