Real-World Trade-In Values

qbrozen

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.

breld

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.

qbrozen

That's what I heard about the last Insight, too. 

qbrozen

@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.

tjc78

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 

breld

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?!?!

xwesx

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.

qbrozen

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. 

28firefighter

@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.

corvette

Hope your FIL is okay. I always wondered how the numbers would work on a one pay lease if the car got totaled.

qbrozen

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?

stickguy

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.

28firefighter

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. 

Michaell

28firefighter said:

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.

28firefighter

Looking like about $12k in positive equity at the moment. At least according to the insurance. They’re offering over $38k tax included. 

corvette

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

28firefighter

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 :-)

stickguy

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.

Michaell

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.

stickguy

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.

28firefighter

BMW Main Line is around the corner from where I grew up...

In his defense, the Audi would have leased terribly. 

qbrozen

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.

stickguy

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.

Michaell

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

stickguy

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.

tjc78

Why don’t you sell the Elantra to your daughter and take over his Audi? Win for all? 

stickguy

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!

qbrozen

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.

andres3

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.

xwesx

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.

xwesx

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!

andres3

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....

nyccarguy

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?

corvette

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. 

henryn

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.

henryn

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?

xwesx

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 . 

andres3

It was a '06 A3 sold with 106K miles at $8K, with lots of aftermarket goodies. Now at 149K miles they want 5,500.

Mr_Shiftright

A bit high with those miles. $4500 would probably sell it.

cramsey13

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.

qbrozen

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.

qbrozen

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.

henryn

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.

qbrozen

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.

explorerx4

Equinox equates to a Rav 4. Highlander is next size up.

qbrozen

Well, gee, starting to sound to me like the Chevy may come out ahead in this equation.

xwesx

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!

kyfdx

@qbrozen Any chance you know the answer to this?:


https://forums.edmunds.com/discussion/51656/mercedes-benz/x/where-does-mercedes-benz-auction-lease-returns#latest

morton22

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?

Michaell

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?