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Real-World Trade-In Values

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Comments

  • qbrozenqbrozen Posts: 17,328
    winner winner chicken dinner.

    Here are the very few 2011s:
    03/27/13 PITTSBGH Regular $23,100 18,455 Avg RED
    04/02/13 SO CAL Regular $23,000 20,727 Avg NONE
    05/07/13 DENVER Lease $22,900 23,492 Avg LT BLUE

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

  • steine13steine13 Posts: 2,411
    Weisenheimers...

    But thanks, that does give some context.

    Pretty healthy numbers for a bleeding-edge car in its first year, no?

    Cheers -m
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,666
    The a/c on the wife's Mazda3s is still a bit wonkey and only works on fan speed 3 and 4 when it's hot and sunny but 1 and 2 also when it's cloudy. Don't plan on doing anything to it and hoping to nurse it along until the 2014 models show up on dealer lots. But my question is this, should it flake out completely, is it worth it to fix it or will that be $ thrown out? The vehicle has almost 120k on the clock so I'm assuming that it'll go straight to auction as it's probably a 6 out of 10 looks wise...a bit tired but a complete detail would work wonders especially on the cloudy headlights. We keep going back and forth here on what to do as I say it won't matter price wise if the a/c works or doesn't. And it has happened a few times in the past where we've put $ into a vehicle only to trade it within a short period of time...wasted $ which drives me nuts!

    So what does the experts here say...fix or not fix when and if it does go south on her? Right now we're just staying the course and plan to leave it at our kids place for a week or two and use her vehicle while school is in recess. Am also thinking that the Mazda store would probably give her the highest trade figure to stay in the family which is probably the best solution here for her. It's been a great vehicle overall and the a/c is the only issue right now after we replaced a few motor mounts back in early 2012...we've gotten our $ out of this puppy and would gladly welcome another in the fleet though probably would go for the 2.0 engine since the 2.5 is a bit much and the added mileage would be nice as she does drive this puppy a lot!

    The Confused Sandman :confuse: :sick: :shades:

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

  • tjc78tjc78 JerseyPosts: 5,025
    edited May 2013
    Doesn't it all depend on what it would cost to fix? When you say it doesn't work on speeds 1 & 2 what does that mean? It doesn't cool well enough or it actually doesn't even turn on?

    You live in Florida. I would think the first question asked when looking at a used car is if the A/C works. Heck I'm in Jersey and its one of my most important things!

    1999 Chevy S10 / 2004 Merc Grand Marquis / 2012 Buick LaCrosse

  • nyccarguynyccarguy Stamford, CTPosts: 7,591
    That would be my 1st inclination is to see exactly how much it will cost to fix. Used car values are high right now. Take it to a carmax & see how much they'll offer you for it. Either way you go, it's obviously cheaper to fix the AC problem than to spend upwards of $20K on a new car. But you do live in FLA & you will need the AC from now until October. You work hard & have worked hard all your life. And you've got the funds. Like I've said before, you deserve it. Why wait another year? Your current car is going to accumulate more miles, possibly more problem$, & will decrease in value. Start test driving with your wife & get 2 quotes on her current 3. Go from there.

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

  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,666
    Personally, I'm ready for her to buy now but she wants a 2014 model and refuses to look at a '13. Since we buy our own vehicles, she could go out today and purchase but she loves what she has but "says" she wants to downsize. This week she's gonna use my kids Accent so she can really see if this is doable for the next 7 to 8 years...personally, I disagree but it ain't my choice here. Probably will fix the a/c once it quits totally just don't think there'd be any added value when trading in since the miles are so high.

    The Sandman :) :sick: :shades:

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

  • stickguystickguy Posts: 14,472
    edited May 2013
    just use fan speed 3. so technically the AC does work.

    in any case, you really need it diagnosed before making a decision.

    also, is this a fan issue? You keep saying AC, but is it the same if you have the AC off and are using the heat (if you even know what that is down there!)

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

  • tjc78tjc78 JerseyPosts: 5,025
    I know it's hard to understand. It sounds like something as simple as a blower resistor, but then he said on cloudy days speed 1 and 2 work. Sandman, either way it may be a simple fix. It may need a cheap part or a quick recharge. The system may be just a little low.

    1999 Chevy S10 / 2004 Merc Grand Marquis / 2012 Buick LaCrosse

  • ohenryxohenryx Posts: 285
    2011 Sliverado 1500 2WD Crew Cab LT
    Texas Edition includes:
    5.3L V8
    6 spd auto
    HD Trailering pkg
    Locking rear differential
    20” chrome clad wheels
    Locking tailgate
    EZ lift tailgate
    Pwr seat adjuster – driver 6 way
    Auto dual zone A/C
    Steering wheel radio controls
    CD player with USB
    Bluetooth for phone
    Fog lamps
    Chrome door handles / mirror caps

    Only two options beyond the Texas package, neither important
    1) Rear window defogger
    2) Underseat storage (dealer installed)

    Original MSRP on the window sticker is $35,157. The area is Houston, TX.

    I purchased this new in October of 2011, it has +/- 6,900 miles. The exterior is sheer silver metallic. The oil has been changed once, imperfections are limited to some minor road rash on the right front chrome wheel and a standard assortment of very minor door dings.

    I am now working downtown, and parking on the thirteenth floor of a parking garage with a tight spiral ramp. The overhead is so low I have changed the radio antenna for a shorter version. This truck barely fits in the parking spaces provided, and is very hard to maneuver. I love the truck out on the road, and absolutely hate it in the parking garage. Which is one of the reasons the miles are so low.

    I’m thinking of a small SUV (Toyota RAV4 (wish they still made it with the V6) or Honda CRV, or Hyundai Santa Fe Sport). I don’t usually do trade-ins, preferring to sell myself, but in this case there is a lot of potential savings on the sales tax. How much do you think a dealer is going to give me on this for a trade in?

    And no, I am not upside down or under water on this, I only owe about $15k.
  • ohenryxohenryx Posts: 285
    A quick follow-up to my previous post. I dropped by the closest Chevy dealer and test drove a a new Equinox, a FWD 1LT model. They had it listed on their web site with an internet sales price of $26,440, which is almost exactly what Truecar.com said it should sale for. I asked them to evaluate my trade, and they came back with an offer of $23,500. I nearly fell out of my chair, and asked them if they realized we were already going with a discounted sales price.

    I'm still trying to figure out if I missed something somewhere, I really didn't expect an offer of more than $21k for my trade. Hell, if I were selling it myself on Craigslist I wouldn't expect to get more than $22 to $23 for it.
  • stickguystickguy Posts: 14,472
    Well, did you take it?

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

  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,666
    Yes, did you accept the offer? Have driven the vehicle you want to purchase and they are very nice actually. it's too bad Chevy doesn't sell the Captiva here in the U S as it's the same vehicle just a bit smaller and only seats 5. Right now it's only for rental fleets but I did see one for sale at our local Hyundai store a few months back. Was very surprised to see it there but maybe these vehicles are sold used up north?

    But I have to believe that you took the deal with the biggest smile plastered across your face!

    The Sandman :) :sick: :shades:

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

  • ohenryxohenryx Posts: 285
    No, actually, I didn’t jump on the deal. Several reasons.

    1) I wasn’t under any pressure to make a quick decision
    2) I didn’t like the seats.
    3) I’m still trying to decide if I believe what I was told, or if I should continue looking for something hidden.

    The main obstacle was really the seats. If I had been comfortable sitting in the vehicle, I probably would have taken it home. I also drove a Traverse while I was there, and my oversized bu** fit much better in that seat. I don’t need 3 row seating (in the Traverse), and would prefer the smaller model (Equinox). It would be a lot easier to maneuver in the parking garage, which is a prime consideration. Not to mention the Equinox has more horsepower, and weighs quite a bit less, meaning it performs better. However, I’m afraid I could never sit in the seat for hours on a road trip.

    I expect I will get my trade evaluated at a couple more dealerships, just to see if they are in the same ball park. And continue to look at my other options (Nissan Murano, etc).
  • stickguystickguy Posts: 14,472
    well. job 1 is finding the car you want. No point it working a deal (good or not) if you don't like the car.

    but, why look a gift horse int he mouth? If they stepped up because they really wanted your truck, be happy and take the money!

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

  • corvettecorvette United StatesPosts: 4,119
    Their trade-in offer may not equate to a "buy bid" to purchase the truck outright, but it wouldn't hurt to ask.
  • ohenryxohenryx Posts: 285
    I’m mulling this over. One possibility is to buy a new 2013 Silverado. They have a new Silverado, 2013, same truck as mine, even the same color. It’s online at $26,338. And I have another $500 in USAA kickback, makes the net difference $26,388 minus $500 minus $23,500 == $2,388. Da*n near pocket change, and I have a brand new truck (2 model years newer). Decisions, decisions.

    I was talking with a friend of mine, drives a Cruze. He got the private offer back in February, extra $1,000 from Chevrolet. He traded in a 2012 Cruze with 15k miles for a new 2013, and paid less than $1,000 out of pocket, including TT&L. People are apparently paying insane prices for late model used cars. But I still have real doubts about that trade in offer....
  • corvettecorvette United StatesPosts: 4,119
    The 2014 Silverado is redesigned, if memory serves, which may explain the bargain price on a 2013. Is the equipment level the same as your truck?

    On the other hand, if you are unhappy with trying to squeeze your full size truck into the parking structure (I detest parking structures and can't imagine climbing 13 floors in one every day), I think you need to keep looking for a smaller vehicle that you like.
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,666
    To pay under a $1k for a new model is a pretty sweet deal actually. Get something with low miles, under 10 hopefully, and a new warranty...sweet!

    The Sandman :) :sick: :shades:

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

  • qbrozenqbrozen Posts: 17,328
    sooo... your silverado is too big, so you'll trade it for a new one. What am I missing?? :confuse:

    Anyhoo... their trade offer is actually just about right. Hell, with those miles, you might even push another $500.

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

  • ohenryxohenryx Posts: 285
    QBROZEN: Thanks very much for the reply, and the information. I am still astounded, but now I’m more willing to believe. I guess I’m just showing my age here. For most of my life, I was told (more like had it pounded into me) that a new car depreciated drastically as soon as you drove it off the showroom floor. In these modern times, that no longer appears to be true.

    If the dealer is going to give me $23.5, he will have to get at least $24.5 or $25, just to keep the lights on, right? Why would any consumer with half a brain pay that much for a 2011, when the very same dealer has a brand new truck with the same options, even the same color, for $26,388? Makes no sense to me, but I’m now going to accept it.

    If they’re selling that high at auction, then I should be able to get the same (or close) from a Nissan (or other non-Chevy) dealer?

    sooo... your silverado is too big, so you'll trade it for a new one. What am I missing??
    You didn’t miss anything, I just failed to disclose all of my thought processes. I like this Silverado, it fits me very well, I love driving it. My only problem is with the parking garage. While ruminating about this trade-in offer, trying to make sense of it, it occurred to me that perhaps the new 2013’s were going for a lot more money, so I investigated and found that wasn’t true. Being a mathematically inclined person, I couldn’t help doing the math, and realizing that I could upgrade to a brand new truck, 2 model years newer, for what amounted to (almost) chump change.

    I’m going to continue looking and thinking. I have an older vehicle which I drive to work (because of the parking garage), and I can keep doing that. Or I can upgrade my parking – that would run about $75 to $100 per month by itself. And I hate recurring charges, much preferring to pay once and be done with it.
  • corvettecorvette United StatesPosts: 4,119
    "Why would any consumer with half a brain pay that much for a 2011, when the very same dealer has a brand new truck with the same options, even the same color, for $26,388?"

    As I understand it, the consumer may not qualify for financing on a new vehicle, but will qualify for financing on a used one (at a much higher interest rate).

    "If they’re selling that high at auction, then I should be able to get the same (or close) from a Nissan (or other non-Chevy) dealer?"

    Yes.

    "I’m going to continue looking and thinking. I have an older vehicle which I drive to work (because of the parking garage), and I can keep doing that."

    If you want to keep a Silverado as a weekend/recreational vehicle and not drive it to work, that's a whole 'nother ball of wax, and it does sound reasonable to trade it on a new 2013 if it's only going to cost you a couple of thousand dollars.
  • qbrozenqbrozen Posts: 17,328
    That's one way of looking at it. The other way is that you owe $15k on your current vehicle but would owe something like $19k on the new one after fees, etc, right?

    Granted, not bad... but you do have less than 7k miles on your current ride. Would I personally pay $4k for 7k miles difference in identical vehicles? Nope.

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

  • ohenryxohenryx Posts: 285
    That's one way of looking at it. The other way is that you owe $15k on your current vehicle but would owe something like $19k on the new one after fees, etc, right?

    Granted, not bad... but you do have less than 7k miles on your current ride. Would I personally pay $4k for 7k miles difference in identical vehicles? Nope.

    When you put it that way, neither would I. But… If I have this figured right, the difference would only run about $2.8k (including TT&L), not $4k. And I would not finance that, just write a check for the difference. And based on that, yes I would do it. That is, if I decide to keep the Silverado / a Silverado.

    If it cost absolutely nothing to trade up to the brand new truck, 2 model years newer, then anyone would do so. If it cost $5k out of pocket, most would not. What is the point in between $0 and $5k at which you would jump on it versus let it pass? For me, I think $2.8k falls into the “go for it” category. Others might feel differently.

    All of which becomes immaterial if I decide to go with some smaller vehicle.
  • isellhondasisellhondas Issaquah WashingtonPosts: 17,697
    It probably just needs a fan switch or a resistor. I would fix it.

    Also, it it needs a detail....well...detail it yourself or have it done. Looks really make a difference.

    They have products that will remove the haze on your headlight lenses too.
  • qbrozenqbrozen Posts: 17,328
    OH, I missed that $500 rebate/discount. And, depending where you live, fees can be hefty. Usually runs $500-600 here in NJ. Plus the ~$170 tax, and I'd still be looking at over $3k. A bit more reasonable and a much tougher decision at that point, though.

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

  • sebring95sebring95 Posts: 3,233
    Have you thought about a Tahoe? Much easier to park but similar comfort as the Silverado. I always get better mpg in Tahoe/Suburban than in the trucks as well. Plus they go better in 2wd than the trucks in case you ever get into some snow/mud.
  • nyccarguynyccarguy Stamford, CTPosts: 7,591
    Good morning qbrozen. I'm just curious to see what my cars are going across the block for:

    2011 Honda Pilot EX-L w/ Navigation
    Polished Metal Metallic
    Black Leather
    5 Speed Automatic
    3.5L V6
    4WD
    Sunroof, Heated Seats, Navigation, Backup Camera
    Exterior 7/10
    Interior 8/10
    New Tires (Michelins)
    35,500 miles

    I'm thinking $25.5K across the block :confuse:

    2011 BMW 328xi Sedan
    Titanium Silver
    Black Leather
    6 Speed Automatic
    3.0L Inline 6
    AWD
    Heated Seats, Heated Steering Wheel, Navigation, Adaptive Xenon Headlights, Sunroof, Premium Pkg
    Exterior 9/10
    Interior 9/10
    23,000 miles

    Thanks as always pal!

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

  • ohenryxohenryx Posts: 285
    Have you thought about a Tahoe?

    Have you looked at the price of a new Tahoe? That is in a completely different league, pricewise.

    For anyone who actually might be interested in this continuing saga, updates follow. I found out that I was wrong about the bottom line cost for trading my 2011 for a 2013 (exact same Texas Edition Silverado Crew Cab). The online price for the 2013 already included the $500 that I was thinking would be extra, so my bottom line becomes $3.3k, not $2.8k. Still very cheap for upgrading 2 model years, and adding 19 months back to my factory warranty. But not as tempting to me as it was before.

    In the meantime, I dropped by the local Nissan dealer and drove a Murano, a leftover 2012 base model (Murano S). I liked it, and might have actually bought it, except for 2 things. This dealership (can I mention their name here?) is the kind which wants to deal with you on “I can get you into this car today for only $477 per month.” The salesman absolutely would not tell me the actual allowance for my trade, nor the actual sales price for the vehicle. I got a little PO’ed, told ‘em off, and left.

    The next morning I get a phone call from the sales manager. He offers a very nice price on the left over 2012 Murano S, offering to take the truecar.com price of $24,109. I mention that the dealership has it listed as “Hail Damage, Hundreds off this unit”, and he drops the price to $23,800. (The hail damage was there, but very minor, so acceptable numbers to me.)

    So far, so good. He then offers me $21.5 for my trade. I laugh at him, tell him the Chevy dealer down the street has already offered me $23.5. He ups his offer to $22k, and I politely decline. Two hours later, he calls back and ups his offer to $22.5, and I once again politely decline. Two hours later, $23k (“My absolute final offer, once in a lifetime, only today, etc, etc”). I politely decline, and ask him to quit calling and start using email.

    I do like that Murano, but I don’t care much for the dealership. And they seem to be the only dealer in town with leftover 2012 Murano’s. [sarcasm on] I wonder why that is? [sarcasm off]
  • qbrozenqbrozen Posts: 17,328
    sounds like a decent deal. Depends on that hail damage, though. Tough to buy a new car that has damage, no matter how minor.

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

  • qbrozenqbrozen Posts: 17,328
    close on the Honda. Most in PA are floating around $24,800-25k. I can't tell which have Nav, though.

    Around 26 on the bimmer.

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

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