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Real-World Trade-In Values

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Comments

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,990

    @stickguy said: a little out of the box, but what is a real world price on a 2006 Miata GT with 75K on it. Probably not the most logical idea, but that is not my specialty anyway. Here's a link.

    http://seldenmotors.net/cgi-bin/showroom.cgi?mode=show&id=1417980&d_id=1138

    Clean CARFAX but car has had a lot of owners---good maintenance, though.

    Prices for these cars seem all over the map. I guess $9900 is a good starting point. Me, myself, I'd like to snag it for under $9K

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  • stickguystickguy Posts: 15,676

    It has been passed around a lot. But lots of oil changes along the way

    2015 Hyundai Sonata 2.4i Limited Tech (mine), 2013 Acura RDX (wife's) and 2007 Volvo S40 (daughters college car)

  • tifightertifighter WAPosts: 1,395
    edited January 21

    Back before I bought my PRHT Miata, I looked at quite a few and it was pretty common for them to have a number of owners. Low miles are easy to find too. People buy one, drive it for a year or two and move on. Toy buyers like to move on to new toys. And its not the ideal year around car for most, to be fair. But that one seems pretty cheap.

    15 Leaf / 08 RDX

  • stickguystickguy Posts: 15,676

    Probably a good time to go shop it. Since we are getting a foot of snow. That car will be sitting there for a while. Though today also pointed out the flaw with having one as your only car in snow ciuntry

    2015 Hyundai Sonata 2.4i Limited Tech (mine), 2013 Acura RDX (wife's) and 2007 Volvo S40 (daughters college car)

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,990

    Yeah you have to discount for winter I think.

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  • vgxvgx FloridaPosts: 40

    Hey guys,

    Wanted to run two vehicles in Central FL by you just to see what values should be, if you have a moment, please.

    The first is a trade: 2012 Charger SRT8, Black exterior with red interior. Has all the standard SRT stuff, plus a moon roof, parking sensors and blind spot warning system. Miles are 14,400 with original tires, so they probably are about 60% worn. Garage kept so the paint is in great condition save for the usual small stuff which could be buffed out in an afternoon. Only aesthetic issue is a very small scuff on one wheel thanks to a curb.

    I'm looking to get into a truck and a nearby dealer has a 2013 Ram SLT 2WD Crew Cab which they list as "used"... sounds like the manager drove it around for a year. Exterior is brown with a beige interior. V6 with 3,000 miles. Package included on it is the "Outdoorsman" (Nav and SAT radio, premium cloth, remote start, and some other stuff). On the exterior it also has 20" wheels, side steps, a tonneau cover, and a spray in bedliner. they list it at $25,970. Haven't looked it over in person yet, so I can't say if there is anything wrong with it at this point.

    Just curious as to what I should expect if I decide to trade the SRT and where I should be aiming to get the Ram down to.

    Thanks!

  • vgxvgx FloridaPosts: 40
    Quick update on my post above.

    I went to the dealership and it turns out this truck is a Buyback. The original owner (from November 2013) was complaining about a smell coming from the passenger compartment evidently. The vehicle was returned, repaired in Alabama, and sold at an auction to this dealership last week.

    I asked for a Carfax and was given and Auto Check report instead. All it lists is the buyback, which comes across as the truck being a lemon now. No other issues or problems on the report but being a lemon is a pretty serious ding on the record.

    So red flags are going off for me, and to add to that, the truck was in a service bay when I stopped by because they had found a small coolant leak that morning and were replacing a hose. The tech was at lunch so I could only look at it from the outside and take a peek in the cabin for a few minutes.

    My questions:
    Would a Carfax report show more info than the Auto Check one? I'm really curious to know what the smell was related to. Maybe it has something to do with the coolant leak?

    Honestly, the issue they are reporting sounds minimal and I'm just trying to guess whether it's a case of the smell being truly awful (or dangerous) or if it was a problem customer and/or someone in over their head on the payments who was desperate to get rid of it and Dodge took a bullet for them. Am I allowed to share the VIN in case anyone can help me research further?

    The truck has better options than I originally thought. The interior is all leather, not cloth, and the nav is the UConnect 8.4 with a backup camera and all that jazz. It also has the towing package. How does that impact the value of the price they're listing it at?

    Finally, this report is going to stick with the truck for all time. How screwed am I going to be in 4-5 years if I decide I want to sell or trade it?

    I'm going by again this afternoon to take it for a drive and I'm going to do some serious sniffing to see whether a smell is still evident. Any feedback or thoughts you guys might be able to offer would be great.

    Thanks!
  • stickguystickguy Posts: 15,676

    Run. Hard and far. That will always be branded. Unless you were planning to run it into the ground as a work truck I would not touch it.

    Plus need a big discount. I think the experts here say at least 30% off? If you even want to mess with it.

    That said it could be perfectly fine. Not like a wreck rebuild. Just damaged goods.

    2015 Hyundai Sonata 2.4i Limited Tech (mine), 2013 Acura RDX (wife's) and 2007 Volvo S40 (daughters college car)

  • qbrozenqbrozen Posts: 17,699

    yup. Avoid it. If you pursue it, ask about the warranty. I believe some manufacturers don't warranty lemoned cars, but I could be wrong.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • vgxvgx FloridaPosts: 40
    Thanks for the feedback guys. They are offering the remainder of the new car warranties (3 year/36,000 miles and the normal powertrain warranty as well).

    Additionally Chrysler offers a 12 month unlimited mileage warranty on buybacks that covers any issues or defects found.

    Supposedly this truck passed a "110 point" inspection at the dealer (which didn't include coolant hoses I guess) so I was thinking of asking for whatever documentation they might offer to back that up.

    I may kick the tires on it later next week when I have some time and see how aggressive they can get on pricing. I'm curious as heck, too, so I may try tracking down the dealer it originally came from to hear what the true issue was.
  • vgxvgx FloridaPosts: 40
    edited January 24
    Didn't take long to track it down and I was able to speak with the service department that worked on it. Turns out it was just a bad odor and they couldn't fix it by replacing hoses or cleaning it so they ended up taking it back after a few failed tries. He said it was like a bad coolant smell, so the leak makes more sense. If it's still around next week I may look at it closer and let it run for a bit to see if the smell comes back.

    Thanks again to both of you for your feedback. Quick follow up, though. What would my SRT be worth on trade? (Still looking for a low mileage truck sometime this spring)
  • explorerx4explorerx4 Central CTPosts: 9,972
    edited January 24

    @vgx My experience with these reports is that they can be missing things or depending on the way things are written up can minimize reporting. I had a car that had the IP replaced with one that had guessimated mileage. It was listed as 'checked'. Same car, a bunch of the left front suspension was replaced due to damage, but I paid out of my pocket. Never showed up on the report.

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,990

    post the VIN here and maybe someone can take a look for you

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  • vgxvgx FloridaPosts: 40
    Sure thing. It is 1C6RR6LG6DS704567.
  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,990

    Pretty much what you were told on this truck. Interesting though that it was bought back only 2 months after purchase and has yet to re-sell. I'm not sure this truck is such a risk otherwise, if the odor has been eliminated--the reports clearly state that an "odor" was the problem, not an accident. Lesson learned? If you need to bail out of your loan, stick a dead squirrel under the back seats. (just kidding).

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  • vgxvgx FloridaPosts: 40

    Ha! Well that's a little more reassuring, though I'm still not sold on the truck (and let's be honest, there is no shortage of trucks out there).

    That being said. If I decide this truck is worth the risk after driving it and getting the wife's opinion, what should I be targeting for price? 30% off original sticker? (as stickguy suggested)

    Also, KBB lists my SRT around $36k currently. Is that a fair price to expect, or should I be aiming higher?

    Really, really appreciate everyone's feedback! :)

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,990

    I can only present you with the golden rule "Whatever got you into a car cheaply when you bought it, will come back to haunt you when you sell it".

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  • vgxvgx FloridaPosts: 40

    Sage advice. Thanks.

  • qbrozenqbrozen Posts: 17,699

    @vgx said: Ha! Well that's a little more reassuring, though I'm still not sold on the truck (and let's be honest, there is no shortage of trucks out there).

    That being said. If I decide this truck is worth the risk after driving it and getting the wife's opinion, what should I be targeting for price? 30% off original sticker? (as stickguy suggested)

    Also, KBB lists my SRT around $36k currently. Is that a fair price to expect, or should I be aiming higher?

    Really, really appreciate everyone's feedback! :)

    $36k isn't totally unreasonable, although they would probably be more comfortable in that $34-35k zip code.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • oddie14oddie14 Posts: 2
    edited February 4

    What is fair trade-in value for a white 2011 Odyssey EX-L RES with 31k miles, clean condition in Orange County, California?

  • qbrozenqbrozen Posts: 17,699

    $21k-$22k.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • newdavidqnewdavidq Posts: 146

    Have a 2007 white Toyota 4rinner, V6, 4WD, SR5, 101k miles, all dealer service up to date, one owner, very good condition, recent brakes and tires. Looking to trade in for another similar 4Runner, only with a V8 as I am looking at trailer towing. What kind of a deal could I expect to make ? Thanks in advance !
    Regards, DQ

  • boomchekboomchek Vancouver, BC, CanadaPosts: 5,108

    Hi DQ, Don't think that you'll just pay for the difference in engine price. A dealer will take yours in at wholesale trade in value, and sells theirs at retail, so you'd be looking at several thousand dollars in price difference.

    2007 BMW 328i Sports Pkg, 1993 Honda Accord EXR (my 33rd car).

  • newdavidqnewdavidq Posts: 146

    Thanks, boomchek; I know I would be trading at wholesale and buying at retail from a dealer. If I recall, the upcharge from v6 to v8 at original MSRP was about $1200. Wondering if there was a premium for the v8 now. As a starting point would like to know approx trade in value for my 07

  • qbrozenqbrozen Posts: 17,699
    edited February 10

    really tough to pin this down as I'm dealing with a small sampling. I think you could expect about $11k on yours and maybe pay around $15k for the exact same with a v8.

    I have a question: how much towing difference is there between the two? And how heavy of a trailer are you looking to tow?

    I went and answered some of my own questions. 7k lbs with v8 and 5k lbs with v6. However, it is only about 20 hp and 40 lb-ft difference between the 2 engines. I'm willing to bet the real difference is in the rear suspension, as that minor power difference is not going to get you near 40% more towing capacity. Hell, you could put an intake and exhaust on the V6 and come pretty darned close to the v8 power levels.

    My advice is to beef up the rear suspension for a few hundred bucks and leave well enough alone.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • newdavidqnewdavidq Posts: 146

    Good advice q, truck has been problem free for 100k and I know how it has been maintained. Will explore the upgrades. Was looking at small travel trailers and while the tow rating is 5k I wouldn't want to go right up to the limit. Thanks again. Regards, DQ

  • explorerx4explorerx4 Central CTPosts: 9,972

    @newdavidq said: Good advice q, truck has been problem free for 100k and I know how it has been maintained. Will explore the upgrades. Was looking at small travel trailers and while the tow rating is 5k I wouldn't want to go right up to the limit. Thanks again. Regards, DQ

    The V8 might include a towing package, larger radiator, cooler for the transmission, limited slip rear end. From some quick research, I couldn't find anything about the difference between the 2.

  • qbrozenqbrozen Posts: 17,699

    I did some reading and there is mention of a trans cooler and different suspension, as well as a weight-distributing hitch IF you got the factory tow package. The first two are fairly easy to replicate and most likely for far less money than trading cars. I have no idea what the tow package means in the real world.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • boomchekboomchek Vancouver, BC, CanadaPosts: 5,108

    Instead of trading I'd just spend some money beefing up your current 4Runner, especially if you had it for a while, and are familiar with it, and isn't causing you trouble. Also evaluate how often you need that extra heavy towing. Maybe it's just cheaper to rent a full size SUV for that occasion if it's only a few times per year.

    2007 BMW 328i Sports Pkg, 1993 Honda Accord EXR (my 33rd car).

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,990

    An extra trans cooler is an excellent idea.

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