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Real-World Trade-In Values

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Comments

  • koctailzkoctailz Posts: 65
    edited October 2013
    I am looking at purchasing a used 2010-13 i Grand Touring and s Grand Touring. I am curious as to what auction results are for these vehicles as well as general idea of a fair dealer retail value. I understand these vehicles depreciate fairly rapidly. Oh and I am in CA.
  • ohenryxohenryx Posts: 285
    edited October 2013
    I do wonder what the percentage of vehicles is that actually go through manheim. Would be a good number to know.

    You made me curious, and I did a little online searching.

    This article which appears to be from 2010 says:
    http://hffo.cuna.org/12433/article/1170/html

    “Nearly 10 million used vehicles were sold through auctions last year, according to Manheim Auctions”.

    And Wikipedia says, “In 2005, about 44 million used cars were sold in the U.S.”

    This article from February of 2013 says:
    http://editorial.autos.msn.com/blogs/autosblogpost.aspx?post=91bf2fef-50e6-4926-- 8f34-32fc16cbfebc

    “About 40.5 million used vehicles changed hands last year.”

    From this, we can infer that about 1 in 4 used cars go through the auctions.
  • qbrozenqbrozen Posts: 16,907
    but we can't infer those were specifically Manheim auctions.
    The quote was from Manheim, but they just said "through auctions," not "through OUR auctions."
    I'm a very picky fact checker. ;)

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • qbrozenqbrozen Posts: 16,907
    Please narrow it down.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • OK, how about just 2011 Mazda 6 iGrand Touring and sGrand Touring in CA.
  • qbrozenqbrozen Posts: 16,907
    About $12k-$13k auction for the i with 35k-40k miles. Figure $15k-16k retail. Add a whopping $3k for the S.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • kbs22kbs22 Posts: 7
    Sacramento, California
    2011 Honda CR-V LX
    4DR Crossover SUV
    2.4L I4, 5SP Auto
    4WD
    30123 Miles
    Ext Color: Glacier Blue Metallic
    Int Color: Tan Cloth
    Options: Stock + roof rack
    Condition:Good
    Exterior: one minor dent on outside door, normal scratches on bumpers, couple scratches, tires 80% worn, brakes never changed, all scheduled maintenance has been completed.
    Interior: Some scratches on interior plastic, good condition otherwise.

    Love the car, just looking to trade-up for something a little more feature packed.
  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 790
    Location- Atlanta, GA area
    2012 Mazda CX-9 Grand Touring
    3.7L V6, 6-speed Automatic, FWD
    16,000 miles
    Crystal White Pearl w/ Sand Leather
    Options- Moonroof/Bose Package (also includes Power Liftgate)
    Condition- Excellent, no dings, scratches or blemishes inside or out
    Purchased NEW 10 months ago and garaged every night
    Maintenance- Oil Change/Tire Rotation every 5k miles by dealer
    No prior damage of any kind

    What could I expect trading it on a $35k Jeep Grand Cherokee or Dodge Durango?
  • qbrozenqbrozen Posts: 16,907
    $13.5-$14k

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • qbrozenqbrozen Posts: 16,907
    $23-$24k

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • kbs22kbs22 Posts: 7
    Just wanted to clarify that this is the trade-in value. This is considerably less than any other forums or websites have suggested it would be worth. On a carmax or private party sale what do you think I could get? Thanks.
  • qbrozenqbrozen Posts: 16,907
    That is trade-in.

    And, actually, now that I look, Edmunds hits it spot on. $13,758 trade-in. They've gotten much much better in their valuations. KBB hits it at $14,344, so not too far off there. Biggest mistake people use is considering their car excellent condition or even above average. Those valuations just aren't used by car dealer when you are trading in. There is the rare exception, but your CRV certainly doesn't sound like it would fall into that category.

    As for carmax, you'd have to go there and find out. They do crazy things in that place.

    Private party? Well, its a Honda, so that's often a good route to go with those. You could probably shoot for something crazy like $16,995 and see what happens. If it were my vehicle, I'd be happy selling at $15,500 or better. Anything less than that and I'd just as soon trade it in. $13,800 plus the tax savings is the equivalent of $14,766 (I don't know how California works in this regard).

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • kbs22kbs22 Posts: 7
    Hmm, maybe I am looking at the wrong thing. Edmunds values the car at $15,150 when I say it is "average," I have to call it "rough" to get down in the $13,000s, I understand dealers don't use that, but those categories must mean something. KBB gives me $16,225 at the good level which I think is a fair level for a relatively new car that is still under the factory warranty.

    I'm gonna hit the Carmax, I will let you know what they offer. Anything over 15,900 and I will be happy.
  • qbrozenqbrozen Posts: 16,907
    edited October 2013
    Not sure what we are doing differently. Formatting isn't working out, but the 3 columns are Trade-in, PP, and DR. Totals at the bottom. Trade-in being $13,758. Here is what Edmunds gives me:

    Customized True Market Value® Prices
    Pricing Details for a 2011 Honda CR-V SUV
    LX 4dr SUV

    Trade-In Private Party Dealer Retail

    National Base Price
    $15,860 $17,246 $18,380

    Optional Equipment
    $0 $0 $0

    Color Adjustment - Light Blue
    $10 $11 $12

    Regional Adjustment - for Zip Code 90210
    $44 $48 $51

    Mileage Adjustment - 30,150 miles
    $73 $73 $73

    Condition Adjustment - Average
    $-2,229 $-2,378 $-2,461

    Total
    $13,758 $15,000 $16,055

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • kbs22kbs22 Posts: 7
    Sorry, my mistake the car is an EX 4WD, not an LX. Plus you used the zip of 90120, not 95826 and had the mileage slightly higher. Thanks.
  • qbrozenqbrozen Posts: 16,907
    edited October 2013
    ah, well, EX obviously makes quite a difference. The other details amount to a couple of bucks, at best.

    Its not an EX-L, right??

    An EX with those miles should be more like $16k trade-in. So I think Edmunds may be a little light on that one, as a matter of fact.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • kbs22kbs22 Posts: 7
    Again, sorry about that, always get the EX/LX confused. Definitely not an EX-L.

    The EX-L is what I wish I bought at the time, none in stock anywhere, that is what I am looking to trade up for.

    The 16k number sounds in line with what I have seen other places. Thank you again.
  • Thanks for the info, WoW that is close to 50% off of msrp in 2 years. these really do depreciate fast.
  • Rockville, Maryland
    1999 Lexus GS400
    4dr Sedan
    4.0L, 8 cyl
    141,500 Miles
    Ext Color: Spectra Blue Mica
    Int Color: Ivory Leather
    Options: Spoiler, power moonroof, 17" chrome Wheels, Nakamichi sound w/ 6cd changer
    Condition: Fair to Good
    Exterior: some scratches n side and rock chips on hood, normal scratches on bumpers, 75% tread on tires
    Interior: Very good
    Mechanical: Needs front brakes and flex pipes (2) for exhaust (was quoted $300 to repair but not sure its worth it at this point, although exhaust issue is audible)
    Other: Previous front end collision, fully repaired, no frame damage

    Hoping to sell to CarMax or similar - don't have time or inclination for private sale and already purchased replacement vehicle so no option to trade-in. Near certainty that CarMax or other would send to auction.

    All feedback welcome.
  • Hi all,
    I'm thinking about buying this car and wanted to get peoples' thoughts. On the carfax it is listed as a "rental". How much should I be worried about that? I think it's a pretty good deal, but worried that it's been driven hard as a rental. When I test drove it, it was really smooth and the car looks to be in good shape.

    Location: Los Angeles, CA
    2011 E350 Sedan
    4 DR
    Engine: 6 cylinder auto
    Drive: RWD
    Mileage: 29k
    Color: Palladium Silver/Black
    Options: P1 package, Pano Roof, and AMG Sport package
    Condition: Looks to be in good shape - drives smoothly.
    They are asking for $35k.

    Here's the link to the Carfax:
    http://www.carfax.com/VehicleHistory/p/Report.cfx?vin=WDDHF5GB6BA289703&partner=- - MRZ_1

    Any thoughts would be appreciated.
    Thanks!
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