There is still a shortage of decent used cars in the NY/NJ area after Sandy, and used car prices here have gotten silly. Your Corolla is probably worth more here in the NY area than in other parts of the country. Try going to Edmunds and using the Appraise Your Car tool, and when prompted for a zip code, type in 11530 (Garden City, NY) and do an honest appraisal - the TMV trade value would be your target price. If that is too low, then it's better keeping the Corolla or selling it privately. I figured they'd extend the $4650 rebate - they need to clear out the cars. Most local Toyota dealers, as Wayne discovered, are still living in the 1980s when a Toyota would sell for just about any price you could make up. Times have changed, and they have to compete, but very few people at the dealers got that memo.