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Real-World Trade-In Values

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Comments

  • lenndellenndel Posts: 10
    Looking to see how much equity on my 2012 Kia Sportage AWD base model (cloth, no sunroof, power windows/locks). 22k miles. Payoff value $15,976.16. I have 4 monthly payments left on it of $329.
  • henrynhenryn Houston, TXPosts: 196
    lenndel said:

    Looking to see how much equity on my 2012 Kia Sportage AWD base model (cloth, no sunroof, power windows/locks). 22k miles. Payoff value $15,976.16. I have 4 monthly payments left on it of $329.

    You need to specify your location. That "AWD" option is much more valuable on the frozen tundra of the northern wastelands than it is on the sunny beaches of Florida.

    Also might be a good idea to specify the color.

  • lenndellenndel Posts: 10
    henryn said:

    lenndel said:

    Looking to see how much equity on my 2012 Kia Sportage AWD base model (cloth, no sunroof, power windows/locks). 22k miles. Payoff value $15,976.16. I have 4 monthly payments left on it of $329.

    You need to specify your location. That "AWD" option is much more valuable on the frozen tundra of the northern wastelands than it is on the sunny beaches of Florida.

    Also might be a good idea to specify the color.

    Unfortunately, I am in the "frozen tundra" so to speak of Central NY haha. And it is white with black cloth interior.
  • jausankajausanka Posts: 9
    qbrozen said:

    Oh boy. Well, you won't like this, then. You'll probably be getting offers of $14k. Maybe less. They are only fetching $15k at auction.

    Just closing the loop on this... ended up at $15,250 without detailing the car, so I guess I did okay. Thanks for the insights!
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,736
    Q, have been offered $2.5k by one dealer for our '05 Mazda3s with no a/c and $2k from another. It's got 135.5k on the clock, silver in color with an auto tranny. Tires are 50% worn and has a few dents and scratches...looks like a 10 year old vehicle but cleans up nicely. Drives nicely for it's age and figuring that cutting it from the herd is best right now because if we do fix the a/c, who knows when something else's going to go. There comes a time when it's just best to let it go and think we are there already.
    These offers were from two local Kia and Mazda dealers with the farther one giving the higher amounts and saying to not fix the a/c...they seem to really want our business more than the store right down the road.
    As always, thanks for your help. The two potential vehicles to buy are the Kia Rio EX and the Mazda3 I Touring.

    The Sandman :) B)

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • stickguystickguy Posts: 15,387
    seems like strong offers for a bad AC in Fla car! Especially since it will be wholesaled. Don't think you would be getting much more if you were willing to try craig's. easy decision.

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

  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,736
    No way, figured on $2.5k from a dealer which also happened back in '05 with her Altima which also had a non working a/c due to an unavailable part from Nissan. The a/c was working when we traded the Altima as we had just put a shot of freon in it. We discussed getting the Mazda's a/c fixed but who knows what will go wrong next...I said you need to pick a point when you just say "no more" and cut it from the herd. That time has come!
    Stopped by a neighbor who has a new Mazda3 but the base version and it is nice though the hood is a bit long and this is not working in it's favor. It's really coming down to size versus safety dodads at this point. She will stop and try out the A3 just to see if it might work...maybe they'd even have a demo that we could snag at a decent discount. Figure if you don't ask, you don't get! And she just might find it's the perfect vehicle for her so why not...doesn't cost anything to test drive except time. And it would be pretty cool to have that in the garage!
    Did have trouble backing out of the garage earlier as she had pulled her Mazda a bit too close to mine and I was a bit close to the wall...had to back in and out a bit to escape getting another scuff on the side view mirror. She was watching me go through this and is thinking the smaller sized vehicle might just be the way to go for the next few years. Have to agree with that but also mentioned checking out the Rio SX, the top of the line...a bit more money but one gets push button start, a sunroof and larger 17" wheels. Something to add to the mix and personally, I'd love it as I do love a factory hole in the roof!

    The Sandman :) B)

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • MichaellMichaell ColoradoPosts: 7,199
    lenndel said:

    Looking to see how much equity on my 2012 Kia Sportage AWD base model (cloth, no sunroof, power windows/locks). 22k miles. Payoff value $15,976.16. I have 4 monthly payments left on it of $329. Location is NY, white with black cloth interior.

    Reposting ...

    MODERATOR
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  • qbrozenqbrozen Posts: 17,590
    thanks, Michaell.

    Sooo... LX is their base model, yes? Good color, good miles.

    They kind of nailed it with that payoff. Right now, you might get $14,500-$15k as a trade, and it would retail for the $18k-$19k range.

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

  • lenndellenndel Posts: 10
    qbrozen said:

    thanks, Michaell.

    Sooo... LX is their base model, yes? Good color, good miles.

    They kind of nailed it with that payoff. Right now, you might get $14,500-$15k as a trade, and it would retail for the $18k-$19k range.

    Great, thanks for your help!
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,852

    Q, have been offered $2.5k by one dealer for our '05 Mazda3s with no a/c and $2k from another. It's got 135.5k on the clock, silver in color with an auto tranny. Tires are 50% worn and has a few dents and scratches...looks like a 10 year old vehicle but cleans up nicely. Drives nicely for it's age and figuring that cutting it from the herd is best right now because if we do fix the a/c, who knows when something else's going to go. There comes a time when it's just best to let it go and think we are there already.
    These offers were from two local Kia and Mazda dealers with the farther one giving the higher amounts and saying to not fix the a/c...they seem to really want our business more than the store right down the road.
    As always, thanks for your help. The two potential vehicles to buy are the Kia Rio EX and the Mazda3 I Touring.

    The Sandman :) B)

    Tell the dealer that your A/C "just needs a charge". That'll take care of things!

  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,736
    It really does need a charge to work temporarily but...there must be a smallish leak since it is a closed system and if all is good, the freon never should go away. Just hate to throw anymore money at this old dog...it's time to move it to the place where old cars go to. Seems like the 3 I Touring hatch has made the short list to because it is a few inches smaller. We just can't find a subcompact with all the safety stuff the Mazda3 I Touring has for a price in the mid $20's and even though she really likes the Kia Rio, her heart is still with the Mazda and it's safety features. So the hatch might be her only viable choice here. And looking like Thanksgiving week or weekend is going to be the purchase date!

    The Sandman :( B)

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • noah27noah27 Posts: 12
    Need serious help, I just got in a 2013 Mercedes Benz C250 Coupe on October 25th and I want to get out of it now, I can't deal with this car anymore I need practicality and more room, someone please advise me on how I can get out of this car, I paid 28,9 for it came out with the total financed being 32k, car has Premium 1 Pkg, Becker Pre Wiring, Rear Spoiler, Keyless GO and AMG rims.
  • noah27noah27 Posts: 12
    Car has 24.5k miles aswell.
  • stickguystickguy Posts: 15,387
    edited November 11
    well, sounds like a nice car. I assume you took it to a dealer to try and trade it in on something that makes more sense for you? If so, what did they hit you at?

    Also, what state? Hopefully you are in one that gives a sales tax credit on a trade in.

    you positive that it can't work? Because this is likely to be an expensive move unless you got it for a killer deal.

    what are you looking to replace it with? Because if you are upside down, you may need to find something with enough incentives to hide negative equity.

    Qbrozen can give you auction #s, but Edmunds pegs trade in right around 24K or so (at least in my area).

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

  • noah27noah27 Posts: 12
    stickguy said:

    well, sounds like a nice car. I assume you took it to a dealer to try and trade it in on something that makes more sense for you? If so, what did they hit you at?

    Also, what state? Hopefully you are in one that gives a sales tax credit on a trade in.

    you positive that it can't work? Because this is likely to be an expensive move unless you got it for a killer deal.

    what are you looking to replace it with? Because if you are upside down, you may need to find something with enough incentives to hide negative equity.

    Qbrozen can give you auction #s, but Edmunds pegs trade in right around 24K or so (at least in my area).

    Im in Daytona Beach, Florida, I'm looking into getting into a lease, in one of the big 3, audi, bmw or benz, I can't be stuck in this car for much longer, I have no headroom, at most an inch and a half, and this car kills my back as well (you sit at a very akward angle), I tried to get into a GLA 250 today and they appraised me at 23k, They said payments would over 600. This car cannot work, I am 6 foot 3 and only 16, my mom bought the car for me so I didn't get to do the practicality test. She now realizes that I'm struggling with the car and now I guess were paying for it. She has asked me to see what I can do or find out so that's what I'm doing now. Here is a picture of the car. I love the car, it is just not working out for me. imgur.com/kXd4JMi
  • Hoping you can help me out. We are trying to get out of our equinox lease a few months early and most dealerships seem to be low balling because they say they really don't want it and will just give it back to the bank.
    We have a 2012 Equinox LS FWD base model, no options. It is dark grey with 36,000 miles. It is clean, no issues, tires are probably 50% or so. We are in NY zip code 14564.
    Most dealers are telling us in the $13100 - $13,500 range. Our residual at the end is $13,100.
  • stickguystickguy Posts: 15,387
    Fuellcellguy, how many months early? If you are going back into another GM, they usually will do a pull ahead. Doesn't help you much if going to another brand. So if the buyout now (I assume the 13,100 residual is the true end of lease residual) is higher than the trade in values, you either bite the bullet and absorb the negative equity, or the likely much better financial move of just riding it out and handing it back, effectively making GMAC eat the negative equity instead of you.

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

  • qbrozenqbrozen Posts: 17,590
    fuelcell - I'm not sure what the problem is. Is it literally a few months? I'm confused why dealers haven't just offered to roll the remaining few payments into something else.

    Noah - $23k is on the low side, but its a buttload of miles for a '13 Benz. Still, at a Benz dealer trying to get you into another Benz, I think they should be willing to push it to $25k.

    However, either way, you are screwed. $7k is a big big chunk of change to try to bury. My advice? See what you can do to make it work. If the seat is the biggest obstacle, take it to a customizing shop. I would find an aftermarket seat and have them swap it in. Keep the old seat in storage until it is time to unload it and bolt that back in. Is it the most elegant solution? No. Will it look great? Probably not. Is it worth saving $7k? I say hell yes.

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

  • roadburnerroadburner Posts: 6,760
    stickguy said:

    well, sounds like a nice car. I assume you took it to a dealer to try and trade it in on something that makes more sense for you? If so, what did they hit you at?

    Also, what state? Hopefully you are in one that gives a sales tax credit on a trade in.

    you positive that it can't work? Because this is likely to be an expensive move unless you got it for a killer deal.

    what are you looking to replace it with? Because if you are upside down, you may need to find something with enough incentives to hide negative equity.

    Qbrozen can give you auction #s, but Edmunds pegs trade in right around 24K or so (at least in my area).

    Those dastardly Germans- designing a car that gets smaller after you buy it! There oughta be a law...

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

  • stickguystickguy Posts: 15,387
    Well, first rule (violated in thus case) is to try on something to see if it fits before you buy it, if the item is not returnable!

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

  • henrynhenryn Houston, TXPosts: 196
    This is a rather strange story here. Noah27 buys a 2013 Mercedes on October 25, and it now has 24,500 miles. That is a LOT of miles in 13 months, a lot of driving in a car that “kills my back”. He also states that he is 16, and that his mother bought the car for him. If he is 16 now, and his mother bought the car for him 13 months ago, he must have been 15 at that time? Can you get a driver’s license in Florida at age 15? You can’t in Texas.

    I wish someone had bought me a $30k car when I was 15!
  • nyccarguynyccarguy Stamford, CTPosts: 7,878
    @noah27

    Can you trade cars with your Mother?

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • MichaellMichaell ColoradoPosts: 7,199
    henryn said:

    This is a rather strange story here. Noah27 buys a 2013 Mercedes on October 25, and it now has 24,500 miles. That is a LOT of miles in 13 months, a lot of driving in a car that “kills my back”. He also states that he is 16, and that his mother bought the car for him. If he is 16 now, and his mother bought the car for him 13 months ago, he must have been 15 at that time? Can you get a driver’s license in Florida at age 15? You can’t in Texas.

    I wish someone had bought me a $30k car when I was 15!

    No - as I understand it, the car is used and was purchased just a few weeks ago. Mom bought the car without his input, not knowing he wouldn't fit.

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  • nyccarguynyccarguy Stamford, CTPosts: 7,878
    @henryn

    I'm 38 & wish someone would buy me a $30K car:)

    I think they purchased the car used or as a CPO model. I think he's only had the car for a few weeks.

    You want to swap cars? I'll give you my wife's 2011 Pilot with 56K miles (plenty of room for you & your friends) even for your 2013 C250:)

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 45,615
    It's crazy to blow $7K---this is not chump change for most people, although there are others who lose that much in their sofas. If I were in Noah's situation, I think I'd bring the car to Mercedes and have them check to make sure all the possible adjustments have been explored.

    MODERATOR --Need help with anything? Click on my name!

  • noah27noah27 Posts: 12
    henryn said:

    This is a rather strange story here. Noah27 buys a 2013 Mercedes on October 25, and it now has 24,500 miles. That is a LOT of miles in 13 months, a lot of driving in a car that “kills my back”. He also states that he is 16, and that his mother bought the car for him. If he is 16 now, and his mother bought the car for him 13 months ago, he must have been 15 at that time? Can you get a driver’s license in Florida at age 15? You can’t in Texas.

    I wish someone had bought me a $30k car when I was 15!

    October 25th, 2014 the car was a personal lease before we got it.
  • Hi, can anyone give me a trade value for a 2012 Toyota 4Runner SR5 4WD in Colorado (80104)? No damage/accidents, 32000 miles, Blizzard Pearl White with the Convenience Package, Alarm, and Leather Seats. Thanks!
  • MichaellMichaell ColoradoPosts: 7,199

    Hi, can anyone give me a trade value for a 2012 Toyota 4Runner SR5 4WD in Colorado (80104)? No damage/accidents, 32000 miles, Blizzard Pearl White with the Convenience Package, Alarm, and Leather Seats. Thanks!

    Interesting ... my home zip code is 80104, too.

    Can't help with the trade value; our resident expert, q, will be along at some point and give you a good number to work with. He hit the trade value of my daughter's 2010 MINI Cooper on the nose earlier this year when she traded it in.

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    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4
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  • qbrozenqbrozen Posts: 17,590
    hmmm... sounds nice. While I don't have data on Colorado, I'd have to assume it would do pretty well there. If its real sharp and all maintenance up to date and needs nothing, might see $27k-$27,500 for it.

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

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