Real-World Trade-In Values

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Comments

  • qbrozenqbrozen Member Posts: 29,501
    Problem with the Clarity is that it has no proven depreciation curve. Honda's past hybrids did not do so well in that department, IIRC.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • breldbreld Member Posts: 5,832
    Yeah, that certainly is one of my considerations. Will the Clarity be a more successful execution of electric/hybrid for Honda? It seems promising, but who knows for sure.

    2021 Polestar 2 - 2020 MINI JCW Hardtop - 2021 Volvo XC90

  • qbrozenqbrozen Member Posts: 29,501
    That's what I heard about the last Insight, too. 

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • qbrozenqbrozen Member Posts: 29,501
    @breld
    you may want to check the terms on the CO rebate. I was just reading where the extra CA rebate requires 30 mos ownership or you get penalized.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • tjc78tjc78 South JerseyMember Posts: 12,347
    qbrozen said:
    @breld
    you may want to check the terms on the CO rebate. I was just reading where the extra CA rebate requires 30 mos ownership or you get penalized.
    30 months for @breld.... that’s funny 

    2020 Volvo XC90 T6 Momentum / 2019 Volvo S60 T6 Inscription

  • breldbreld Member Posts: 5,832
    qbrozen said:

    @breld
    you may want to check the terms on the CO rebate. I was just reading where the extra CA rebate requires 30 mos ownership or you get penalized.

    Thanks for the heads up - I just read through the rules for Colorado and didn't see any limitation like that. 'Cause yes, 30 months?!?!

    2021 Polestar 2 - 2020 MINI JCW Hardtop - 2021 Volvo XC90

  • xwesxxwesx Fairbanks, AlaskaMember Posts: 15,088
    Seems odd that there would be a penalty like that. After all, the point of such tax credits is to incent people to make that initial buy, which is the only thing that manufacturers really care about.
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • qbrozenqbrozen Member Posts: 29,501
    Because it isn't about benefiting the MFR, it is about the enticing the consumer to be more environmentally friendly. I can definitely see not wanting the initial buyer to benefit and yet dump the car quickly and go back to gas guzzling. 

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,854
    edited June 2018
    @qbrozen My FIL was in an accident last week and insurance is totaling his 2017 A4. It was a onepay lease so there is some dancing that needs to happen here with Audi.

    Can you give me a rough assessment of trade-in and retail?

    2017 Audi A4 2.0T Quattro Premium Plus
    Blue over Saddle Brown Leather Interior
    Automatic
    9000 miles
    Nav
    Virtual Cockpit
    Bang and Olufsen Audio
    LED Headlights
    Park Assist Front and Rear
    Cleveland, OH Area

    Insurance is offering him about $35,2 + sales tax reimbursement.
    2019 Subaru Outback 3.6R Limited, 2021 Jeep Wrangler Unlimited Sahara 4xE, 2004 BMW 330i ZHP 6MT
  • corvettecorvette United StatesMember Posts: 8,581
    Hope your FIL is okay. I always wondered how the numbers would work on a one pay lease if the car got totaled.
  • qbrozenqbrozen Member Posts: 29,501
    What they are offering is pretty fair. $31k/$32k/$35k for trade/auction/retail is where I'd put it. How much time was left on the lease? What was residual?

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • stickguystickguy Member Posts: 42,558
    yeah, 1 pay leases never made much sense to me. Seems like it removes the best feature of a lease (having no money of your own in it).

    Not sure how much money you really save on one assuming it goes to term. I would rather just do a traditional nothing down, pay monthly lease.

    2020 Acura RDX tech SH-AWD

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,854
    18 months left on the lease. Not sure what the residual is off the top of my head.

    I suspect he will come out OK, but not great. 
    2019 Subaru Outback 3.6R Limited, 2021 Jeep Wrangler Unlimited Sahara 4xE, 2004 BMW 330i ZHP 6MT
  • MichaellMichaell ColoradoModerator Posts: 190,155

    18 months left on the lease. Not sure what the residual is off the top of my head.

    I suspect he will come out OK, but not great. 

    The unpaid portion of the lease should be refunded.

    As I understand it, the money goes into an escrow account, and the monthly payments are made from it.

    The advantage to a one pay lease is the .00060 discount you get on the MF for Audi.

    If the car is totaled, the GAP will cover the difference, unless y'all think there is positive equity.

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  • 28firefighter28firefighter Seattle, WAMember Posts: 7,854
    Looking like about $12k in positive equity at the moment. At least according to the insurance. They’re offering over $38k tax included. 
    2019 Subaru Outback 3.6R Limited, 2021 Jeep Wrangler Unlimited Sahara 4xE, 2004 BMW 330i ZHP 6MT
  • corvettecorvette United StatesMember Posts: 8,581
    Was his one-pay divided by number of months in lease less than or equal to $667? If so, I think he’s okay. 
  • 28firefighter28firefighter Seattle, WAMember Posts: 7,854
    corvette said:

    Was his one-pay divided by number of months in lease less than or equal to $667? If so, I think he’s okay. 

    Yes - much less - low 400s. I did my job when I negotiated it :-)
    2019 Subaru Outback 3.6R Limited, 2021 Jeep Wrangler Unlimited Sahara 4xE, 2004 BMW 330i ZHP 6MT
  • stickguystickguy Member Posts: 42,558
    need a trade value, just in case.

    2017 Audi A3. Premium plus. With tech package, climate, and sport packages. So BLIS, Navi, roof. Everything but the LED headlights and fancy stereo I think. MSRP was about $42K if that helps.

    About 18K miles on it. Good shape. Dark blue over brown (really sharp looking).

    Looking for a realistic trade in value in the Philly burbs.

    2020 Acura RDX tech SH-AWD

  • MichaellMichaell ColoradoModerator Posts: 190,155
    stickguy said:

    need a trade value, just in case.

    2017 Audi A3. Premium plus. With tech package, climate, and sport packages. So BLIS, Navi, roof. Everything but the LED headlights and fancy stereo I think. MSRP was about $42K if that helps.

    About 18K miles on it. Good shape. Dark blue over brown (really sharp looking).

    Looking for a realistic trade in value in the Philly burbs.

    Uh oh - looks like stick jr. is on the prowl. Pretty soon he'll need his own user ID for CCBA.

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  • stickguystickguy Member Posts: 42,558
    he said he was coming home to visit, because we have AC and a pool (his apartment is the top floor of an old house, no AC, and it is supposed to be pushing 100 up there this weekend).

    Nothing to do with the BMW dealer dropping the price again on the 2 series that he wants to go check out on Saturday. Mid 90s, humid, great time to go try out a convertible with black leather.

    If he gets this one, will be stuck for a while unless he gets a bigger shovel for the hole.

    I told him to lease the Audi. He didn't listen.

    2020 Acura RDX tech SH-AWD

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,854
    edited June 2018
    BMW Main Line is around the corner from where I grew up...

    In his defense, the Audi would have leased terribly. 
    2019 Subaru Outback 3.6R Limited, 2021 Jeep Wrangler Unlimited Sahara 4xE, 2004 BMW 330i ZHP 6MT
  • qbrozenqbrozen Member Posts: 29,501
    stickguy said:
    need a trade value, just in case. 2017 Audi A3. Premium plus. With tech package, climate, and sport packages. So BLIS, Navi, roof. Everything but the LED headlights and fancy stereo I think. MSRP was about $42K if that helps. About 18K miles on it. Good shape. Dark blue over brown (really sharp looking). Looking for a realistic trade in value in the Philly burbs.
    Hope he got a massive discount. Somewhere in the mid $23k range. I am assuming AWD of course.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • stickguystickguy Member Posts: 42,558
    yes, quattro. It really lost that much in such a short time? Darn. That is crazy.

    would also squash the deal if true.

    Leasing it would have at least locked him into it for 3 years. At this trade in value, probably would lose relatively little in the next 2 years.

    2020 Acura RDX tech SH-AWD

  • MichaellMichaell ColoradoModerator Posts: 190,155
    qbrozen said:


    stickguy said:

    need a trade value, just in case.

    2017 Audi A3. Premium plus. With tech package, climate, and sport packages. So BLIS, Navi, roof. Everything but the LED headlights and fancy stereo I think. MSRP was about $42K if that helps.

    About 18K miles on it. Good shape. Dark blue over brown (really sharp looking).

    Looking for a realistic trade in value in the Philly burbs.

    Hope he got a massive discount. Somewhere in the mid $23k range. I am assuming AWD of course.

    Gosh, if I were in the market for a CPO, I'd pick that up for $25K and drive it into the ground

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  • stickguystickguy Member Posts: 42,558
    edited June 2018
    well, CPO is going to be more like $30K I assume. Still a much better idea over buying a new one.

    at the time, he really wanted to new stuff on the 2017. And swore since he was stretching in the first place, he was keeping it for a long time (at least paying it off).

    Don't know where the kid got it from....

    I did check quick. found a black over Chestnut CPO with 7K miles for $29,995. No sport package though (so not the great seats). Not sure if the BLIS was an option too but did not see it. So I guess his car, is more like $32K asking.

    2020 Acura RDX tech SH-AWD

  • tjc78tjc78 South JerseyMember Posts: 12,347
    Why don’t you sell the Elantra to your daughter and take over his Audi? Win for all? 

    2020 Volvo XC90 T6 Momentum / 2019 Volvo S60 T6 Inscription

  • stickguystickguy Member Posts: 42,558
    that was one of the plans. I just didn't think it through well enough. Not sure it is the best car for her (particularly with the super skinny tires), plus would have to deal with paying that off and having her finance it. the Audi, I don't feel like jacking up my payments that much. Plus it is small.

    I did check trade in value on my car (edmunds calculator, which happened to be spot on the QB on the A3) and it is only a few grand less than I paid for it (after the extra incentives I got) so if I really feel like flipping it, still could. One of the reasons I bought it. Got a really good deal on it!

    2020 Acura RDX tech SH-AWD

  • qbrozenqbrozen Member Posts: 29,501
    stickguy said:
    well, CPO is going to be more like $30K I assume. Still a much better idea over buying a new one. at the time, he really wanted to new stuff on the 2017. And swore since he was stretching in the first place, he was keeping it for a long time (at least paying it off). Don't know where the kid got it from.... I did check quick. found a black over Chestnut CPO with 7K miles for $29,995. No sport package though (so not the great seats). Not sure if the BLIS was an option too but did not see it. So I guess his car, is more like $32K asking.
    The audi options don't really matter much. The trim level sets the value, the rest is peanuts. Of course, a dealer having 2 side-by-side on the lot may price them differently, but they likely paid close to the same.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • andres3andres3 Southern CAMember Posts: 12,561
    Did I mention I found my old A3 for sale on Facebook, I'm 99.9% certain. The only thing that bothered me was "new paint." It didn't look quite right either (the color of blue). It's been a bit over 4 years and they put on somewhere south of 45K miles. If it wasn't for the "new paint" comment, I'd of probably called them to make an offer already. They wanted $2,500 less than I sold it for.
    '15 Audi Misano Red Pearl S4, '16 Audi TTS Daytona Gray Pearl, Wife's '19 VW Tiguan SEL 4-Motion
  • xwesxxwesx Fairbanks, AlaskaMember Posts: 15,088
    andres3 said:

    Did I mention I found my old A3 for sale on Facebook, I'm 99.9% certain. The only thing that bothered me was "new paint." It didn't look quite right either (the color of blue). It's been a bit over 4 years and they put on somewhere south of 45K miles. If it wasn't for the "new paint" comment, I'd of probably called them to make an offer already. They wanted $2,500 less than I sold it for.

    Four years and 45,000 miles for $2,500? They're quite optimistic, I think.
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • xwesxxwesx Fairbanks, AlaskaMember Posts: 15,088
    I have a friend (no, really!) who is looking for values on the following vehicles. If there are additional options available for these trims, please let me know and I'll ask for more details. These are both in Fairbanks, AK; no accident history on either:

    #1. 2013 Chevy Equinox LT, 4-cyl, 33,000 miles, grey over black. Good condition, family owned (e.g., normal wear/tear).
    #2. 2012 Toyota Highlander SE, V6, 27,000 miles, black over black (leather). Pretty much pristine.

    Thanks!

    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • andres3andres3 Southern CAMember Posts: 12,561
    xwesx said:

    andres3 said:

    Did I mention I found my old A3 for sale on Facebook, I'm 99.9% certain. The only thing that bothered me was "new paint." It didn't look quite right either (the color of blue). It's been a bit over 4 years and they put on somewhere south of 45K miles. If it wasn't for the "new paint" comment, I'd of probably called them to make an offer already. They wanted $2,500 less than I sold it for.

    Four years and 45,000 miles for $2,500? They're quite optimistic, I think.
    YES, especially considering I bet it needs another brake job now....
    '15 Audi Misano Red Pearl S4, '16 Audi TTS Daytona Gray Pearl, Wife's '19 VW Tiguan SEL 4-Motion
  • nyccarguynyccarguy Stamford, CTMember Posts: 14,844
    xwesx said:
    I have a friend (no, really!) who is looking for values on the following vehicles. If there are additional options available for these trims, please let me know and I'll ask for more details. These are both in Fairbanks, AK; no accident history on either: #1. 2013 Chevy Equinox LT, 4-cyl, 33,000 miles, grey over black. Good condition, family owned (e.g., normal wear/tear). #2. 2012 Toyota Highlander SE, V6, 27,000 miles, black over black (leather). Pretty much pristine. Thanks!
    Both AWD/4WD models, correct?

    2001 Prelude Type SH, 2017 Pilot Touring AWD, 2019 Tacoma TRD Sport 4WD

  • corvettecorvette United StatesMember Posts: 8,581
    That generation of Equinox is a complete dog with the four cylinder engine and gets awful fuel economy because of its weight and having to wring out the engine to get or keep the thing moving. I vote for the Highlander. 
  • henrynhenryn Houston, TXMember Posts: 3,261
    I would also vote for the Highlander. But I'll bet it's going to set you back quite a bit more than the Chevy.
    2019 Chrysler Pacifica, 2013 Ford F150 XL
  • henrynhenryn Houston, TXMember Posts: 3,261
    xwesx said:

    andres3 said:

    Did I mention I found my old A3 for sale on Facebook, I'm 99.9% certain. The only thing that bothered me was "new paint." It didn't look quite right either (the color of blue). It's been a bit over 4 years and they put on somewhere south of 45K miles. If it wasn't for the "new paint" comment, I'd of probably called them to make an offer already. They wanted $2,500 less than I sold it for.

    Four years and 45,000 miles for $2,500? They're quite optimistic, I think.
    That is, like so many things, relative. If you sold it for $20k and they now want $17.5, 4 years later, yes that would be optimistic.

    If you sold it for $5k, and they now want $2.5, that sounds a lot more reasonable, doesn't it?
    2019 Chrysler Pacifica, 2013 Ford F150 XL
  • xwesxxwesx Fairbanks, AlaskaMember Posts: 15,088
    Okay, fine . Yes!   I don't recall how old that A3 is.  

    For the rigs I posted, yes.  Both are AWD .  I forget that fwd is even an option!   I'm in Alaska!

    And, both are vehicles friend owns.  She is looking to offload them.  Her son has the Equinox, and it's "dogginess" is the whole reason he hates it . 
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • andres3andres3 Southern CAMember Posts: 12,561
    It was a '06 A3 sold with 106K miles at $8K, with lots of aftermarket goodies. Now at 149K miles they want 5,500.
    '15 Audi Misano Red Pearl S4, '16 Audi TTS Daytona Gray Pearl, Wife's '19 VW Tiguan SEL 4-Motion
  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaMember Posts: 64,482
    A bit high with those miles. $4500 would probably sell it.
  • cramsey13cramsey13 Member Posts: 17
    What would be the approximate trade in value of a 2015 Rav4 LE AWD with 16K miles on it in Columbus, Ohio? It is in great condition.
  • qbrozenqbrozen Member Posts: 29,501
    xwesx said:

    I have a friend (no, really!) who is looking for values on the following vehicles. If there are additional options available for these trims, please let me know and I'll ask for more details. These are both in Fairbanks, AK; no accident history on either:

    #1. 2013 Chevy Equinox LT, 4-cyl, 33,000 miles, grey over black. Good condition, family owned (e.g., normal wear/tear).
    #2. 2012 Toyota Highlander SE, V6, 27,000 miles, black over black (leather). Pretty much pristine.

    Thanks!

    Well, as I'm sure we've discussed before, AK is its own car world. I can give the highest continental US numbers, so use them for what they're worth.

    Trade would be about $12.5k on the Chevy. Figure that's a good $14.5k-$15k PP and $16k'ish retail.

    Toyota is $3k more on all numbers.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • qbrozenqbrozen Member Posts: 29,501
    cramsey13 said:

    What would be the approximate trade in value of a 2015 Rav4 LE AWD with 16K miles on it in Columbus, Ohio? It is in great condition.

    About $16k, maybe up to $16.5k if it isn't a crazy color combo and is clean.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • henrynhenryn Houston, TXMember Posts: 3,261
    qbrozen said:

    xwesx said:

    I have a friend (no, really!) who is looking for values on the following vehicles. If there are additional options available for these trims, please let me know and I'll ask for more details. These are both in Fairbanks, AK; no accident history on either:

    #1. 2013 Chevy Equinox LT, 4-cyl, 33,000 miles, grey over black. Good condition, family owned (e.g., normal wear/tear).
    #2. 2012 Toyota Highlander SE, V6, 27,000 miles, black over black (leather). Pretty much pristine.

    Thanks!

    Well, as I'm sure we've discussed before, AK is its own car world. I can give the highest continental US numbers, so use them for what they're worth.

    Trade would be about $12.5k on the Chevy. Figure that's a good $14.5k-$15k PP and $16k'ish retail.

    Toyota is $3k more on all numbers.
    I knew that Toyota would be more expensive!

    Hold the presses! Toyotas hold resale value better than Chevys.
    2019 Chrysler Pacifica, 2013 Ford F150 XL
  • qbrozenqbrozen Member Posts: 29,501
    Also a v6 with 6k fewer miles. What did each cost them to buy? That's how you'd judge resale. 

    I'm not arguing that toyota's hold value better...just trying to be fair. :)

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • explorerx4explorerx4 Central CTMember Posts: 16,006
    edited July 2018
    Equinox equates to a Rav 4. Highlander is next size up.
    2020 Ford Explorer XLT, 2019 Lincoln MKZ Reserve 1
  • qbrozenqbrozen Member Posts: 29,501
    Well, gee, starting to sound to me like the Chevy may come out ahead in this equation.

    '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • xwesxxwesx Fairbanks, AlaskaMember Posts: 15,088
    qbrozen said:


    Well, as I'm sure we've discussed before, AK is its own car world. I can give the highest continental US numbers, so use them for what they're worth.

    Trade would be about $12.5k on the Chevy. Figure that's a good $14.5k-$15k PP and $16k'ish retail.

    Toyota is $3k more on all numbers.

    Yes, true enough! I was trying to get some point in reality for her, though, because her son had some initial discussions with a dealer here, and they had come back with 7K on his car (the Equinox). I scoffed and told her I would get some numbers so that they at least had something to work against. Local dealers are known for that kind of stuff, though, particularly if they think there is emotion involved in the trade. :(

    Thanks for the numbers!
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • kyfdxkyfdx Moderator Posts: 194,466

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  • morton22morton22 Member Posts: 13
    Wanted to find out about trade in value for a 2016 Hyundai Santa Fe Sport 2.0t Ultimate Package, 2WD, 22000 miles, in Southern California. Also, would you happen to know what the percentage difference is between a real world trade in value and the amount a dealer would get when they sell a car to a wholesaler?
  • MichaellMichaell ColoradoModerator Posts: 190,155
    morton22 said:
    Wanted to find out about trade in value for a 2016 Hyundai Santa Fe Sport 2.0t Ultimate Package, 2WD, 22000 miles, in Southern California. Also, would you happen to know what the percentage difference is between a real world trade in value and the amount a dealer would get when they sell a car to a wholesaler?
    Color - inside and out?
    condition?
    how much tread is on the tires?

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