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Real-World Trade-In Values

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Comments

  • suydamsuydam Posts: 980

    Without knowing a lot of details Edmunds pricing is around $7500 trade, $8600 private sale.

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,041

    $12K is more like a dealer asking price. I'd say the sweet spot to sell this vehicle privately is around 8.5K to $10K. The dealer is offering a full recon and safety check, financing, possibly a warranty, and has a generous advertising budget, and you can't compete with that.

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  • qbrozenqbrozen Posts: 17,432
    edited May 15

    Guess I'll call it a Limited FWD and assume its a decent color. Location is the next part of the equation. These don't do quite as well in the northern states. However, no matter where you are, $7k is actually a pretty strong offer. Most of the nicest ones are barely breaking $7k at the block, so whoever made you that offer is apparently thinking of selling it themselves. That being said, they'd be quite happy to ask $11k and take $9500. So I think you are overpriced. I'd detail the hell out of it, list it for $10k, and take the first $8500 cash offer that came along. So Shifty was right on the money.

    I see now you are in Louisiana. That helps a little. You could, if so inclined and have the time, up those numbers by $500. So $10,495 asking price and grab at $9k. Down in those southern states, all the comparables have like 110k-120k miles, so you've got an advantage there.

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

  • haydellameliahaydellamelia Posts: 21

    It is FWD. I am in Louisiana. I am definitely not taking offense. I realize that it's a 10 year old vehicle, but its in good shape. Yes, it does have the normal wear and tear from kids. No ice cream or cereal, but definitely goldfish. LOL

  • haydellameliahaydellamelia Posts: 21

    So, with that being said…KBB is way off for private party? Should I get a full detail on it? I just spent over $600 on four brand new tires. Doesn't that count for something? Unfortunately we have a loan on this vehicle, and I want out of it. I feel like its a lose/lose situation.

  • qbrozenqbrozen Posts: 17,432

    new tires is a good selling point, but doesn't add to the value. It is assumed everything is OK on it. Needed repairs only takes away.

    Frankly, the fact that you owe money on a 10-yr-old vehicle is where you set yourself up to feel like you are in a losing situation. And if you still owe $10k on a 10-yr-old vehicle... well... I can only say you should stick with it.

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

  • haydellameliahaydellamelia Posts: 21

    It is actually a long story. Don't judge! :) Thanks for the advice.

  • haydellameliahaydellamelia Posts: 21
    edited May 15
  • chow3chow3 Posts: 37

    South Florida base miata blue with black top and interior. 2006 with 76,000 miles, automatic. Local dealer recent trade in good but not excellent shape. They have it on the web for $10,500. Not sure about the auto but fair offer?

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,041
    edited May 18

    Not sure what you mean by "good but not excellent shape". That's a qualifier that makes me want to hit the car pretty low----and added to possible condition issues are the facts of it being a base model and an automatic. You probably don't want to hear my number. The dealer wouldn't consider it. For $10.5K you should be able to get a better optioned model in better condition with the same miles.

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  • stevesteinstevestein Posts: 263
    edited May 18

    I have a one owner 2004 Lexus SC430, Midnight Pine and saddle. Garaged in NJ and dealer maintained. Very good condition and only 25K mi. Spoiler (only option available) and professional SIRIUS radio installation. Looking to sell. Any ideas as to value from dealer or private sale? Thanks.

  • chow3chow3 Posts: 37

    Thanks on the Miata. May drive it and see how it drives. Love to find a local 06 with a stick for under 10k.

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,041

    I think that can be done.

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  • seank2seank2 Brunswick, GeorgiaPosts: 70

    This is an addendum to those following my saga over on the CCBA Board. I spent Saturday up and down Atlantic Boulevard in Jacksonville, FL, which is their dealer row.

    Fully realizing this isn't the most exciting vehicle on the road, by any stretch of the imagination, it is probably exactly what I need for my next vehicle, since I'm on the road for business so much.

    So, we have a 2011 Lexus ES350 Cerulean Blue over parchment leather 3.5 V6, 6 AT All the standard goodies: slider, dual auto climate, 6 cd changer, XM Plus: heated and cooled seats, wood steering wheel and shift knob, and "Intelligent Parking" which I think is mostly the front and rear parking sensors. 34,1xx miles One owner, off lease out of Palm Beach Gardens, Florida.

    This is a CPO car, and the 100,000 mile warranty is what attracts me most to it, since I drive 22,000 + miles per year. ES's are a dime a dozen, but not so many CPO cars.

    Asking price is $28,990, and they're not very motivated to come off that number very much. I know I said over at CCBA that I wanted to stay around $25K, but the CPO warranty is tempting, and I would add a warranty to whatever I buy. Still, Lexus tends to be proud of their stuff. TMV says this should be around $26K, a number I like much better,

    Located at the Lexus (and MB and Porsche dealer) in Jacksonville, Florida.

    Here: http://www.brumoslexusofjacksonville.com/VehicleDetails/used-2011-Lexus-ES_350-4dr_Sdn-Jacksonville-FL/2252387673

    I know what my trade is worth, and Q was spot on, so the difference is the question. They're offering $11,000 on my trade (07 MB R320 CDI, 107,000 miles) which is decent, not exceptional, but in the ball game.

    What say the experts?

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,041

    I don't think you should pay that just because it's CPO. I mean, it's a Lexus not a Range Rover or a BMW. .

    I bet you could get this one (below) for $26K or less and it has more equipment on it. Also one-owner.

    http://sfbay.craigslist.org/eby/ctd/4455941813.html

    In any event, if you want to pay $25K offer that. If they squeal, counter with 26K and then walk.

    They're going to put your R320 on the lot for $17,995 so they aren't hurting on this at all. They've already lowered the price on the ES, so they know they're high.

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  • qbrozenqbrozen Posts: 17,432
    edited May 19

    Miata - black top and interior ain't good in So FL. I'm gonna go low on this and say it might see $7k at auction. So $9k should buy it.

    SC430 - dealer might give you $20k if feeling lucky/generous. Maybe a little less. Private party? well, miles are super low so I'd shoot for a premium. Ask $23,995 and go from there.

    Another lexus in Florida ... hey, so I know this person selling a super low mile SC430.... ;) Ok, the ES. Looks like one they bought at the Orlando auction back on 5/5 for $22,500. Can't say I know what a Lexus CPO costs, but let's say they've got $24... maybe $24.5k into it?? But who knows? They could have buried themselves, but that's not your concern. I think the $26k number is a pretty good one. But I suppose $27k isn't killing anyone, as long as you love it and keep it a long time.

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

  • robbiegrobbieg Posts: 327
    edited May 20

    Was wondering about the prices of Tahoes and Expeditions. Generally speaking, the asking prices seem very high. Then again, these things cost a ton new. Both models are being replaced soon. In and around Pittsburgh, PA, I found these.

    2013 Tahoe LT 4wd with leather 18K for 35,000. This seems to be priced right.

    2011 Tahoe LT 4wd, no leather, 42k for 27,000.

    201l Expedition XLT, no leather with 32K for 29,000

    I like the Tahoe better but I like the fold flat 3rd row of the Expedition. If I wanted to spend 25,000 on a Tahoe. How old would I have to go?

    Sequoias are the most expensive, right?

  • qbrozenqbrozen Posts: 17,432
    edited May 20

    2013 Tahoe = 5 of these went through PA recently. 3 out of the 4 each got $33,100. So $35k is quite a good deal.

    2011 Tahoe = is that silver? If so, could be the one that sold for $27,900. But that $27k asking price says otherwise. Wonder why so cheap. Even those with miles between 50k-60k hover around $27k.

    2011 Exp = I'm assuming also 4wd, which puts it right around $27k as well.

    A 2010 Tahoe LS 4wd with 60k miles should put you where you want to be. Although I can't understand the use. Is it to have 3 rows and tow 3 tons at the same time? I mean, that's the only advantage, right?

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

  • robbiegrobbieg Posts: 327
    edited May 20

    @qbrozen said: Although I can't understand the use. Is it to have 3 rows and tow 3 tons at the same time? I mean, that's the only advantage, right?

    Trying to appease my wife. She thinks we need a big SUV if and when we ditch the minivan. She also has decided that she likes big SUVs. Although, I would be driving this one. I realize the "trunk" is pretty small on these and that the smarter play would be a Suburban. However, I am worried about parking something that big.

    I was guessing that the Tahoe would be more expensive than the Expedition.

    I guess these price are where they should be when a new one is around 50,000.

    Thanks for the insight.

  • MichaellMichaell ColoradoPosts: 5,642

    @robbieg said: I guess these price are where they should be when a new one is around 50,000.

    Um, try again. C&D had a quick review of the 2015 Tahoe LTZ 4WD. Base price is $63K and the as tested price cracked the $70K barrier.

    Yowza!

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  • qbrozenqbrozen Posts: 17,432

    yeah, I just don't get it.

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

  • nyccarguynyccarguy Stamford, CTPosts: 7,661

    @robbieg

    Just a few points about Tahoes in general. Don't be afraid to go a few years older or with one that has a few more miles. These trucks are built with lots of "old school technology" and are really durable. They are simple to work on and don't require any more maintenance than a run of the mill camcord. I'd stay away from early build 2009s as that was the 1st year of the 6 speed automatic. Other than that, they have remained exactly the same. My best friend had a 2009 that he traded in for a 2011. He put over 65K miles on both. My Dad had a 2010 that he traded in for a 2011. Both of my Dad's trucks have had over 50K miles on them. His current 2011 was at the dealer for just the second time since he bought it. I had to get a new key made and remote programmed.

    Tahoes have a solid, smooth ride. They are absolutely unstoppable in the snow. Camcord reliability. Its got a V8:)

    The biggest problem is interior space. For such a large vehicle, interior space is definitely lacking. If the 3rd row is installed, there is basically zero space behind the 3rd row for storage. The 3rd row seats are heavy and bulky to install. Just for a reference point, there are 5 of us in my family. The last 2 years we've driven down to Charlotte, NC for summer vacation. My parents have offered us the Tahoe (2011 LTZ) both times. Both times we've declined and taken our Pilot which makes much better use of its interior space.

    2001 Honda Prelude Type SH, 2011 Honda Pilot EX-L 4WD

  • robbiegrobbieg Posts: 327

    @nyccarguy said: The biggest problem is interior space. For such a large vehicle, interior space is definitely lacking. If the 3rd row is installed, there is basically zero space behind the 3rd row for storage. The 3rd row seats are heavy and bulky to install. Just for a reference point, there are 5 of us in my family. The last 2 years we've driven down to Charlotte, NC for summer vacation. My parents have offered us the Tahoe (2011 LTZ) both times. Both times we've declined and taken our Pilot which makes much better use of its interior space.

    I am concerned about rear space since we have to carry hockey bags. I have always liked the Tahoe better but the Expedition's 3rd row fold flat. I have a window to drop from 3 cars to 2 at the end of the summer. Basically, I would get to pick a car again since my wife picked the last couple. We would get rid of our van and an RX and buy something big. Before we bought the Highlander we looked at a 4runner but my wife thinks it is too small if we get rid of our van. The real issue is that a midlevel 4runner new is around 37000. A new Tahoe LT starts at about 51,000. Big difference. My friend says the Tahoe is much nicer now but still that is a lot of money for a family car. My other concern is that we still use the van a lot.

  • rbirns1rbirns1 Posts: 219

    For someone who drives only 2-3K miles per year, does it make sense to buy a 1-2 year old car with high miles (which over time would become normal miles) and sell in a few years, or buy new and drive it to the ground?

  • stickguystickguy Posts: 14,630

    at that use, it will never see the ground, unless you live to be 100.

    Sounds to me like the perfect situation to get a screaming deal on a newish car with hi miles.

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

  • roadburnerroadburner Posts: 6,574

    What stick said...

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

  • qbrozenqbrozen Posts: 17,432

    ditto

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

  • sebring95sebring95 Posts: 3,233

    Curious what you're seeing on GM cars with the recall issues and such. I need a couple cars for my fleet and thought about used if there are smoking deals on them from all the bad publicity. My buddy has dealers license/auction access and will grab me one but he's low-tech and doesn't have the online results access. I'm thinking a 2012 Malibu LT with <20k miles in like-new condition. Thoughts?

  • qbrozenqbrozen Posts: 17,432

    4cyl 1LT? Hanging around the low $14k zip code.

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

  • sebring95sebring95 Posts: 3,233

    Thanks, doesn't sound like the recall is hurting resale. I was thinking closer to $10k would be a good deal. $14k is pretty meh. Not sure who is buying these used at such a premium but whatever floats their boat. I'll take a new Accord LX for under $20k.

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