Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Real-World Trade-In Values

1140614071409141114121469

Comments

  • qbrozenqbrozen Posts: 17,285
    edited September 2012
    I try to prepare people for the worst. Can you do better? Sure. It all depends. Every situation is different. For example, on the unit you looked at 2 weeks ago, it is entirely possible he took that wrangler in trade (not bought at auction), put $24,500 on it and didn't have to do a darned thing to it to prep for sale. So, at $26,500, he's making a good profit. Then, on your Camry, maybe he feels as you do and has a demand for that, so he'll sell himself.

    Of course, anybody can ask whatever they want for a vehicle. It is the taking price that matters. Nobody is getting $17k for that Camry retail unless a completely oblivious person falls in their lap. Could that happen, too? Of course. You also can win a few bucks with scratch-off lottery tickets.

    I've wound up with a couple of killer deals. Best one ever was the dealer who gave me $3k over auction value on my G35 and sold me a 1-year-old Mazda5 for about $1k over. I'll never figure out how that worked out. I think he was looking to make it up on the G35, which sat there forever.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • vgxvgx FloridaPosts: 37
    Just wanted to see if anyone might be able to weigh in on my ML in post 43043. Not trying to be a pest, but it might have been buried with the recent conversations. Thanks again!
  • qbrozenqbrozen Posts: 17,285
    I did miss you. Thanks for reposting.

    All things considered, as is, you are probably in that $20-$21k zip code. As long as they feel they can buff everything out, no harm done. The tires and mirror are where they would ding you. Does it help to replace those things? Meh... not to the point you should do it yourself. If you were private selling it, it would be an entirely different story.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • nyccarguynyccarguy Stamford, CTPosts: 7,546
    I think wrangler Unlimiteds are so cool. I'd love to own one, but don't think I can justify owning 2 cars that get less than 20 mpg. My wife drives an '11 Pilot that just gets awful gas mileage.

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • roadburnerroadburner Posts: 6,454
    My 1999 TJ gets 16-18 mpg, but I only drive it a few thousand miles per year. A ball to drive though. I installed Bilstein HDs, Hella E-Codes, and MB Quart speakers. Sometimes I even take it on longer trips.

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • nyccarguynyccarguy Stamford, CTPosts: 7,546
    Billsteins on a Jeep? I like that idea;)

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • vgxvgx FloridaPosts: 37
    Aw shoot! I made the mistake of looking at kbb and got my hopes up that mid to high 20's was a possibility. Quick additional question... any idea if the price would drop significantly in the coming month or two for any particular reason? We may not make a move until then.

    As always, thanks for the advice!
  • qbrozenqbrozen Posts: 17,285
    My crystal ball says no drastic change in 1-2 months. But anything could happen.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • roadburnerroadburner Posts: 6,454
    Even better, the HDs were cheap- only $210 for all four!
    A few years ago my wife was trying to convince me to cut my fleet down to four vehicles- and suggesting that the Jeep should probably get the ax. However, the Jeep was the only vehicle that could make it out our farm road after a big ice storm in 2010, and just last spring I used it to pull flood debris tat were blocking our main entrance/bridge. Haven't heard anymore talk about getting rid of the old Wrangler... ;)

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • fushigifushigi Posts: 1,235
    My sister is looking to replace her 2004 Sonata. I told her I'd ask about it's value and cautioned her, as a high mileage vehicle, private party is the only real way to go to sell it. And not to expect much.

    Location: Bloomington, IN
    Year/Make/Model: 2004 Hyundai Sonata
    Body Style: 4dr
    Engine: 4 cyl 5MT
    Driveline: FWD
    Mileage: 194000
    Color: grey/grey
    Major Options: None that she disclosed.
    Condition:
    Average wear & tear. Cracked windshield.
    Tires - 2 new; 2 pretty worn
    Brakes - OK. 3 years old but mostly highway mileage on them.
    Maintenance - Generally maintained according to service schedule.
    Other: No accidents.

    Besides as-is value, considering this is private party sale, would it be better to replace the windshield? (I'm wondering if, say, $300 to replace it would up the selling price by $350-400. Also if the crack is much of a deterrent to average buyers in this price range.)

    It still runs well but is developing high mileage quirks. Most of the mileage is because she has a 60+ mile each way commute from Bloomington to Indy.
  • kyfdxkyfdx Posts: 28,457
    Wow... I'm not an expert, but that car seems pretty used up.. and, a stick-shift in a Sonata? Not much market for that..

    My best guess is $300... and, maybe $595 private party..

    Can't wait to hear from the expert... :)

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • stickguystickguy Posts: 14,439
    I'll give her $500. $600 if it has a moonroof. but she has to drive it from In. to NJ.

    2013 Acura RDX (wife's), 2007 Volvo S40 (daughter stole that one), and 2000 Acura TL (formerly son's, now mine again)

  • kyfdxkyfdx Posts: 28,457
    That way, you can tell if it's roadworthy? ;)

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • stickguystickguy Posts: 14,439
    more like, that way if it isn't, I'm not the one on the side of the road wondering where the bus station is!

    2013 Acura RDX (wife's), 2007 Volvo S40 (daughter stole that one), and 2000 Acura TL (formerly son's, now mine again)

  • steine13steine13 Posts: 2,411
    Oh... a beater price check. Right up my alley.

    That windshield "needs fixed," as we say in the midwest. That'll scare 3/4 of your buyers away. Insurance often covers it 100%; depends on the company and maybe on the state. Having done that, this is my personal WAG:

    If the car looks nice, $1,900 on Craigs, take what you can get. I'll bet $1,500 easy. If it's been maintained to a 'T' and glows in the dark I'd go for $2,900 and see what happens.
    However, that's not the vibe I'm getting from the description.

    There is no book that can help, with those miles it's all in the condition. Show me the maintenance "book" -- there should be lots of 30k/60k services, and this could be quite a nice car. If it's leaking stuff, the interior is tired,... it's more like $1k.

    No disrespect to the OPs with the $600 guesses; but you guys proably haven't trolled the bottom of the market in a while..

    Cheers -Mathias
  • stickguystickguy Posts: 14,439
    yeah, I am getting a hard lesson on what my meager remaining budget (after getting my wife her mid-life crisis luxo mobile!) can buy. 2K just does not go as far as it used to.

    2013 Acura RDX (wife's), 2007 Volvo S40 (daughter stole that one), and 2000 Acura TL (formerly son's, now mine again)

  • steine13steine13 Posts: 2,411
    Amen.
    I'm currently looking at two choices for a winter beater; a hallowed MI tradition. The goal being, to make the '03 Sienna last a few more years as it's starting to rust.

    The candidates are a 1995 Camry LE, 1 owner, 120k, white (shudder) so every little rust spot shows, fuel filler gone -- looks classy -- exhaust broke off and was rewelded in front of the cat. So it'll break again, 3 months or 3 years from now.. OTOH, it was taken care of, I have snow tires that'll fit, and it's pretty cheap.

    $1,500 from a colleague, and I'm discinclined to haggle.... Of course, getting mor than $2 for it might be tough, even in this market.

    Behind door #2 we have a 1994 Roadmaster Sedan, 120k miles, elderly-owned and in TN since 2008; before taht it was here in the rust belt. That'll probably set me back $2k, and whether I can sell it next spring depends very much on gas prices... where's President Bachmann when I need her.. or who was it who promised $1.80 gas if elected...

    Anyway, I think it'll be the Camry, but both of these would have been strong candidates for the $1k-and-under club even 5 years ago.

    Cheers -Mathias
  • kyfdxkyfdx Posts: 28,457
    edited September 2012
    Well... you definitely know that market better than I...

    But, did you note that it's a stick-shift? $1500 for a 200K mile car?
    I'm still sticking with $300 on a dealer trade...

    If that's the case, no wonder the pedestrian population is rising... :surprise:

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • steine13steine13 Posts: 2,411
    It is of course impossible to tell without seeing the actual car.

    But if all you've got is $1,500, most of the stuff you look at will have immediate needs or be in truly ugly shape.

    So if you've got one that looks OK and runs and drives, right now, without spending money, that's a big deal.

    In February, as ppl start getting their tax refunds, that Sonata would be even stronger. I don't think it makes a lot of sense either, but there you are.

    I have another colleague with a '99 Camry LE, 110k miles, decent shape but starting to rust above the windshield... he thinks he should get close to $5. I'm thinking not of my money but he may be right...

    "It's expensive to be poor."

    -Mathias
  • qbrozenqbrozen Posts: 17,285
    Folks are right in that its scrap value to a dealer. The only way they show more for it on paper is if they are making it up on the car you are buying.

    I think Steine has the right idea on private party. It is tough to judge without seeing it in person. You'll have to fix the windshield and replace 2 tires. Don't mismatch them. Get whatever brand/model the other 2 new tires are.

    What would those things cost you at resale? Well, if I were the buyer, I'm deducting $800 for the windshield and tires.

    I'd say $600-$800 private party as it sits. Fix the items and detail the hell out of it. If it runs and drives well and looks decent enough, I'll split the difference and say you ask $2295. Even if you only get $1500 in the end, you've spent around $600 on the repairs, so you are getting a few hundred more out of it than selling as is.

    SO... in summary... trade=$350, sell as is=$600, fix and sell=$900 (1500-600 repairs).

    Real question is, how much is your time worth? The work, the driving around to get things fixed, the time spent detailing, taking pics, advertising, dealing with tire kickers .... all for maybe $500 more in my pocket? Tough call.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • explorerx4explorerx4 Central CTPosts: 9,668
    In Connecticut, car of that age needs to be state inspected.
    A cracked windshield or bald tires are not acceptable.
    This is assuming the buyer plans to legally register it.
  • czar4czar4 Posts: 20
    Location: Fairfield, CT
    Year/Make/Model: 2012 Toyota Prius V Five
    Body Style: wagon
    Engine: hybrid
    Driveline: FWD
    Mileage: 12,000
    Color: very good - minor wear assocaited with a car of 12k miles; well kept
    Major Options: navigation, alloys, keyless entry/start/stop, leatherette - this is a base Five (highest model)
    Condition:
    Details of interior and exterior, including dings, scratches etc. - overall great - there are some light scrathces on hood
    Tires - prob 20% worn
    Brakes - excellent
    Maintenance - by the book
    Other: Indicate prior damage/insurance claims, repaints, etc. - someone scraped rear plastic bumper, which was repaired professionally - no metal work was done, just painted the plastic on the bumper.

    Thanks!
  • ateixeiraateixeira Posts: 72,587
    Already?

    Need something bigger, or just bored with it?
  • nyccarguynyccarguy Stamford, CTPosts: 7,546
    This is the regular Prius or that new, bigger, 5 door Prius?

    Why so soon?

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • explorerx4explorerx4 Central CTPosts: 9,668
    GB,
    Looking for trade in value on 2009 Ford Escape Limited.
    Black/Black
    V6 AWD
    47k miles
    Moonroof
    Nav/Sync
    Heated Leather seats
    17" Factory (fake) Chrome rims.
    Running boards
    All service up to date.
    Very clean with a few scratches and a ding in the liftgate.
    Tires 50%, will need front brakes in next 10k or so.
    Actually, might sell to one of the kids.
    Will give them a good deal but not give them the car.
    TIA
  • roadburnerroadburner Posts: 6,454
    just bored with it?

    You have to ask?
    :P

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • fushigifushigi Posts: 1,235
    Thanks for the excellent feedback, everyone. Funny how a beater can generate so much discussion.

    It would be a private party sale as she felt insulted by what the dealer offered her in trade. I don't know the amount (She's in Indiana; I'm in Illinois) but I'm sure it was not more than $500 and probably less. When she commented about it I did point out that no dealer was going to hang on to a high mileage car, especially with a stick, and that it would be sent straight to auction for disposal.

    I will make the suggestions on doing the repairs to make it more salable. I'm surprised she hasn't been ticketed for the windshield; I was when I lived in Indiana back in the '80s. (She may only be carrying liability so no insurance coverage to get the windshield repaired)

    She may also just give it to her daughter who could use a generally reliable if aging car for a while.

    And she wants a stick for her next car as well. She's been driving manuals since the early 80s.
  • czar4czar4 Posts: 20
    Made a mistake buying it thinking we could fit three car seats across the back. You can, painfully! We never thought to strap them in - just set them across the back to see of they fit when it was on the dealer's floor. In the end, we ended up getting an MDX, which is great. At te same time, I took a job and we moved within biking distance to work. Just don't need this any more. looking to replace it with a MINI.
  • czar4czar4 Posts: 20
    It's the wagon.
  • czar4czar4 Posts: 20
    Haha. Let's see, compared to some of the cars I had pre-kids: 318, 944S, 912, GTI, Land Cruiser (FJ), bunch of TDI's, Mustang GT, CJ7, yeah, I would say bored. Only thing in my garage that came close to the Prius level of driving excitement is the VW rabbit I converted to run on veggie oil.
Sign In or Register to comment.