Real-World Trade-In Values

au1994

qbrozen said:

au1994 said:

We may step up our timeline on the X6 replacement. Both of us have become enamoured with the Subaru Ascent. So...what say you on:

2016 X6 35i Xdrive
28k miles
Premium pkg
Driver Assistance Plus pkg
Soft close doors
Space Gray over Ivory with black trim
Very good shape, maybe a stone chip or 2 on the front but you would have to look for imperfections
Atalanta area

$38k-$39k.

Thanks!

budsbrother

For a co-worker. He has a chance to get from a private party, a 15 Camry LE with 10,000 miles. Color is silver, just a couple minor dings, otherwise clean with no moonroof or leather, just a base LE. Right now it's just sitting in a driveway not being used. Car is in Massachusetts, any idea of what it's worth? Thanks in advance

qbrozen

$14k on a trade so maybe $16k PP.

euler74

Is this a good deal ?
Make/Model : Porsche 911 Carrera
Year: 2000
Miles: 93680
Color: Silver
Price: $15k + tax & fees
Condition: Good (stock - no mods)

Anything I need to be specifically aware of / inspect during test drive?

qbrozen

euler74 said:

Is this a good deal ?
Make/Model : Porsche 911 Carrera
Year: 2000
Miles: 93680
Color: Silver
Price: $15k + tax & fees
Condition: Good (stock - no mods)

Anything I need to be specifically aware of / inspect during test drive?

manual or automatic?
Has the IMS been addressed? You need to have it thoroughly inspected by a Porsche specialist.

28firefighter

The 996 and 986 Porsche models can be great deals if properly maintained with problem areas addressed, or a ticking time bomb. @Mr_Shiftright can share his two cents on this.

When you're buying these, you aren't just buying a car - you're buying the previous owner(s) and the attention they have paid to it.

euler74

qbrozen said:

manual or automatic?
Has the IMS been addressed? You need to have it thoroughly inspected by a Porsche specialist.

It is a Manual shift.

28firefighter said:

The 996 and 986 Porsche models can be great deals if properly maintained with problem areas addressed, or a ticking time bomb. @Mr_Shiftright can share his two cents on this.

When you're buying these, you aren't just buying a car - you're buying the previous owner(s) and the attention they have paid to it.

The carfax has 3 previous owners - 7yrs, 6 yrs and 4.5 years. There is no "Porsche Service Center" records, a few third party ones for oil change/tire rotations.

I had no idea about the IMS bearing. After a quick google search I think it is a must to take it to a Porsche dealership and have it inspected. I'm not sure if the auto sales firm would allow that.

tifighter

Yeah, you might want to google 996 buyers guide. Bring some coffee and make sure to sit in a comfortable chair.

28firefighter

tifighter said:

Yeah, you might want to google 996 buyers guide. Bring some coffee and make sure to sit in a comfortable chair.

Can I like and laugh at this?

tifighter

28firefighter said:

tifighter said:

Yeah, you might want to google 996 buyers guide. Bring some coffee and make sure to sit in a comfortable chair.

Can I like and laugh at this?

We don't judge...

euler74

tifighter said:

Yeah, you might want to google 996 buyers guide. Bring some coffee and make sure to sit in a comfortable chair.

I shall do that in a while If everything turns out good, would it be a good deal? Or is it still risky given that it is an 18 year old car with close to 100k miles?

kyfdx

euler74 said:

tifighter said:

Yeah, you might want to google 996 buyers guide. Bring some coffee and make sure to sit in a comfortable chair.

I shall do that in a while If everything turns out good, would it be a good deal? Or is it still risky given that it is an 18 year old car with close to 100k miles?

It's as risky as buying a $50K Porsche, out of warranty.

Repairs/maintenance cost on used Porsches is the same as on new Porsches.

steine13

It's less risky in that there is less cash outlay to walk (run) away from. Not that you'd want to cut & run after shelling out $15...

It's more risky in that the repairs are going to came at you like nothing you've seen in a Ford or Nissan...

Forget the dealer; what you need is a good independent mechanic who knows his stuff.
And by "independent" I do not mean "Frank's Ford, Toyota, and anything else you bring us" -- this is specialty work.

Have fun.

roadburner

euler74 said:

qbrozen said:

manual or automatic?
Has the IMS been addressed? You need to have it thoroughly inspected by a Porsche specialist.

It is a Manual shift.

28firefighter said:

The 996 and 986 Porsche models can be great deals if properly maintained with problem areas addressed, or a ticking time bomb. @Mr_Shiftright can share his two cents on this.

When you're buying these, you aren't just buying a car - you're buying the previous owner(s) and the attention they have paid to it.

The carfax has 3 previous owners - 7yrs, 6 yrs and 4.5 years. There is no "Porsche Service Center" records, a few third party ones for oil change/tire rotations.

I had no idea about the IMS bearing. After a quick google search I think it is a must to take it to a Porsche dealership and have it inspected. I'm not sure if the auto sales firm would allow that.

I would never buy a car from a dealer that would not allow a PPI.
Period.

henryn

I have never heard of a dealer who would NOT allow a PPI. I'm sure there must be one, somewhere, but that is definitely not a place I would do business.

I have encountered that with individual, private sellers. Mostly because they were unfamiliar with the concept and did not understand what I was asking.

roadburner

It's like the idiot dealers that refuse to negotiate an OTD price- there aren't that many out there, but you do run across them every so often.

qbrozen

euler74 said:

Is this a good deal ? Make/Model : Porsche 911 Carrera Year: 2000 Miles: 93680 Color: Silver Price: $15k + tax & fees Condition: Good (stock - no mods) Anything I need to be specifically aware of / inspect during test drive?

So manual trans and I'm assuming RWD coupe. $13k-$13.5k should get the deal done if it checks out OK.

Mr_Shiftright

If the auto dealer won't let you take it for an independent inspection, then DON'T buy the car.

The price is about right for the miles, so that's not the issue. Just keep in mind that the cost to repair the engine exceeds the entire value of the car. The Pre-Purchase Inspection (PPI) is the best $200-$300 you'll ever spend.

There are a number of things to look for in the PPI, some more serious than others. If the car passes the test, then the 996 can be a very good value for the money. But if you have to start repairing major items right away, you will soon be buried in the car.

There are plenty of these car for sale. You don't have to rush into a purchase, as it is a purchase of moderate risk.

kyfdx

@qbrozen

For a friend...

https://www.bollingsauto.net/2011_BMW_5 Series_Bristol_TN_18569027.veh

tifighter

Okay, trade/auction for a 13 MB E350 Cab. Designo gray over porcelain, P2, AMG sport pkg. 48K miles. It's a nice one. Not sure that I want to do anything here, but there may be some changes coming for fall that puts space at a premium. Convertibles are more in demand for summer.

qbrozen

kyfdx said:

@qbrozen For a friend... https://www.bollingsauto.net/2011_BMW_5 Series_Bristol_TN_18569027.veh

Friends don't let friends buy overpriced and miled up turbo BMWs.

$12k at the block, on average, so $14.5k is the limit purchase price, IMHO.

qbrozen

tifighter said:

Okay, trade/auction for a 13 MB E350 Cab. Designo gray over porcelain, P2, AMG sport pkg. 48K miles. It's a nice one. Not sure that I want to do anything here, but there may be some changes coming for fall that puts space at a premium. Convertibles are more in demand for summer.

About $19k trade and mid 20s at auction.

roadburner

qbrozen said:

kyfdx said:

@qbrozen

For a friend...

https://www.bollingsauto.net/2011_BMW_5 Series_Bristol_TN_18569027.veh

Friends don't let friends buy overpriced and miled up turbo BMWs.

$12k at the block, on average, so $14.5k is the limit purchase price, IMHO.

It's also beyond boring to drive; what's German for "Old man's car"?

corvette

Yeah it didn’t look like it had the Sport Package. 

kyfdx

qbrozen said:

kyfdx said:

@qbrozen

For a friend...

https://www.bollingsauto.net/2011_BMW_5 Series_Bristol_TN_18569027.veh

Friends don't let friends buy overpriced and miled up turbo BMWs.

$12k at the block, on average, so $14.5k is the limit purchase price, IMHO.

Thanks... I'm trying to talk him out of it. He is in sales and will hopefully put over 100K miles on the next ride (in a relatively short period of time). I told him that this car will eventually make him want to cry.

At 30K miles/year, old man car is perfect for him. But, not this one.

breld

Asking for a friend...

In CO:

2017 Toyota Tundra Limited 4WD
Crewmax
23,000 miles
Silver over black leather
Moonroof, JBL Stereo, TRD Off-Road package

He's thinking of "downgrading" to a more economical car - he's taking it to Carmax before the Toyota dealer, so that'll give him a good idea. But thoughts on a fair trade?

Thanks!

qbrozen

breld said:

Asking for a friend... In CO: 2017 Toyota Tundra Limited 4WD Crewmax 23,000 miles Silver over black leather Moonroof, JBL Stereo, TRD Off-Road package He's thinking of "downgrading" to a more economical car - he's taking it to Carmax before the Toyota dealer, so that'll give him a good idea. But thoughts on a fair trade? Thanks!

Try vroom and carvana, too.

trade would be in the 37k range but maybe a carmax/carvana would pay $38-39k

breld

Thanks - carmax offered a bit low then at $36k.

corvette

kyfdx said:

I told him that this car will eventually make him...cry. 

Fixed that for you. What about a Genesis? 

kyfdx

He knows the guy with the car lot. Getting out of the used car business. That’s why he was on that one.

corvette

Could the guy hop on Mannheim and scoop him something more suitable, at an agreeable markup, before exiting the used car business? 

kyfdx

corvette said:

Could the guy hop on Mannheim and scoop him something more suitable, at an agreeable markup, before exiting the used car business? 

Well.. he was hoping he could get that unit really cheap, since the guy wants to get rid of what he has.

Plus, my friend has this fantasy that he can buy a miled up BMW, and drive it cheaply. He's only been on this kick for the last 15 years.. Right now, he has a 200K+ mile Avalon, and an old Pilot with 160K+ miles. He is a road warrior.

breld

breld said:

Thanks - carmax offered a bit low then at $36k.

Q’s spot on again of course.  

We went to a competitor of carmax, echo park, and they offered $39k.   Shocked at the difference between that store and carmax.

roadburner

kyfdx said:

corvette said:

Could the guy hop on Mannheim and scoop him something more suitable, at an agreeable markup, before exiting the used car business? 

Well.. he was hoping he could get that unit really cheap, since the guy wants to get rid of what he has.

Plus, my friend has this fantasy that he can buy a miled up BMW, and drive it cheaply. He's only been on this kick for the last 15 years.. Right now, he has a 200K+ mile Avalon, and an old Pilot with 160K+ miles. He is a road warrior.

He needs to find an E34 or E39 5er; high miles at an affordable cost are relatively achievable if he sticks with a six cylinder.

tj11119

roadburner said:

qbrozen said:

kyfdx said:

@qbrozen

For a friend...

https://www.bollingsauto.net/2011_BMW_5 Series_Bristol_TN_18569027.veh

Friends don't let friends buy overpriced and miled up turbo BMWs.

$12k at the block, on average, so $14.5k is the limit purchase price, IMHO.

It's also beyond boring to drive; what's German for "Old man's car"?

Is the f10 really that boring to drive around?
I've always liked the style and I am sure the 2011 still had the I6 3.0

breld

I had a 2011 535i xdrive for a little while - it depends what you expect. I've had the two previous generation 5-series, and the F10 wasn't as engaging to drive as those (well certainly not the E39), but it was better than, for instance, the Passat I traded in on it.

qbrozen

breld said:

breld said:

Thanks - carmax offered a bit low then at $36k.

Q’s spot on again of course.  

We went to a competitor of carmax, echo park, and they offered $39k.   Shocked at the difference between that store and carmax.

Hope he took it

roadburner

tijuana19 said:

roadburner said:

qbrozen said:

kyfdx said:

@qbrozen

For a friend...

https://www.bollingsauto.net/2011_BMW_5 Series_Bristol_TN_18569027.veh

Friends don't let friends buy overpriced and miled up turbo BMWs.

$12k at the block, on average, so $14.5k is the limit purchase price, IMHO.

It's also beyond boring to drive; what's German for "Old man's car"?

Is the f10 really that boring to drive around?
I've always liked the style and I am sure the 2011 still had the I6 3.0

Yes; numb and vague steering- and that's with the M Sport suspension- a base F10 5er is worse.

stickguy

Speaking of miles, talked to my nephew today who I helped get a slightly used Jetta late last year to replace a well used 98 Passat V6. Asked how many miles he had on that by the end. 245,000. Might be a record. But was not cheap to get there!

tjc78

245k on a Passat of that vintage? I bet he is invited to all the mechanic’s family gatherings!

breld

qbrozen said:

breld said:

breld said:

Thanks - carmax offered a bit low then at $36k.

Q’s spot on again of course.  

We went to a competitor of carmax, echo park, and they offered $39k.   Shocked at the difference between that store and carmax.

Hope he took it

Not yet, but he will.

henryn

Carmax doesn't seem to be really trying to buy cars these days, at least based on the anecdotal evidence that I'm seeing here. The last time I was at a Carmax kicking tires, they seemed to be overloaded with sedans, and very short on SUVs and trucks. And we all know that sedans aren't selling anymore, so ...

Of course, this story is about a truck. So why wouldn't they have wanted the truck??? Makes one wonder.

corvette

I read a story about them in the past couple of years to the effect that they used an automated model to try to value trade-ins below wholesale. Nice work if you can get it! 

xwesx

breld said:

Q’s spot on again of course.  

We went to a competitor of carmax, echo park, and they offered $39k.   Shocked at the difference between that store and carmax.

Did he hand over the keys and call it a day?!

Edit: Okay, so I saw your response a little later on...

breld

Yup - he's doing it today. I think he paid around $42-43k for the Tundra a year and a half ago. Those Toyota trucks hold their value like crazy.

stickguy

So, how do you value a new, no miles, never titled 2017? Too old to lease. It’s a Volvo V60 FWD premium. Sticker about $43,080.

I assume value it like a real low miles used on as a baseline? A CPO? Still get all the warranty.

My gut says throw out $28k and new car financing rates and see what happens. But my gut is often wrong.

Surprised they don’t throw it into service loaner duty to get some use out of it.

qbrozen

My personal opinion is low-mile used. That is, after all, what it will be worth when you drive it over the curb.

there is no premium trim. Unless you mean base model with premium package?

Mr_Shiftright

With an unused 2017 model you are playing "depreciation hot potato" with the dealer. He wants you to eat the one-year depreciation and you want him to eat it.

stickguy

Sorry. Premier with convenience, BLIS and bun warmers. They do seem to have them priced more like a 2018. Hence the offer a number that makes sense for me idea.

henryn

When I was shopping for my new F150 a couple of months ago, the dealer had some left over 2017 models. Yes, we’re talking in June of 2018, they had several new 2017 models sitting around.

I told my salesman I would buy one if they would make me the “right offer”. His answer was they couldn’t do it. The 2018 models had about $5k in factory incentives, the 2017 models had no incentives. Even with the dealership willing to take a small loss on the 2017, they could not match the price of the 2018. Never mind beat the price, which is what they would have had to do.

I have no idea what they are going to do with those 2017 models. And I don’t think they have any idea either.