Real-World Trade-In Values

Drivingfool

Just want good lamps for a decent price/decent life span going forward.

ronsteve

@roadburner the color on that X1 is amazing! Though the black interior is not my favorite.

nyccarguy

@qbrozen - I know you are currently lease shopping to replace the LR, but if you get a chance can you give me a trade in value of my

2015 Infiniti Q40 AWD
38,000 miles
Black/Black
Interior 9/10
Exterior 7-8/10 (2 chips in the front windshield)
AWD, Auto, Navigation, Hot Seats, Leather, Sunroof
Tires are in good shape (maybe 50% worn)
Located in Stamford, CT

Thanks! Good luck to you!

stickguy

Uh oh. something cooking?

nyccarguy

stickguy said:

Uh oh. something cooking?

NOPE, just curious as I might want to take my own advice (regarding leasing) and shuffle things around.

qbrozen

nyccarguy said:

@qbrozen - I know you are currently lease shopping to replace the LR, but if you get a chance can you give me a trade in value of my 2015 Infiniti Q40 AWD 38,000 miles Black/Black Interior 9/10 Exterior 7-8/10 (2 chips in the front windshield) AWD, Auto, Navigation, Hot Seats, Leather, Sunroof Tires are in good shape (maybe 50% worn) Located in Stamford, CT Thanks! Good luck to you!

I am afraid it is really bad news. Maybe 14,000, possibly 14.5 K.

Mr_Shiftright

Yep, dealer would probably put it up at $18,999 asking, even with those relatively low miles. High mile ones can be had for $15K retail.

henryn

Expensive automobiles are going to cost you more in depreciation when you buy new. Not necessarily percentage wise, but in dollars down the drain, oh, yeah!

When I was driving Cadillacs, I always bought used. People who pay that much for a new car (Cadillac, Infiniti, Mercedes) tend to take better care of it than the average new car buyer. You can usually find one that has been dealer serviced, and kept in a garage. They even have a term for it over on the Cadillac forums, “Garage Queen”.

Your Q40, for example, would probably make an excellent buy for someone else. Or that S450 that @abacomike is driving right now, when he turns it in at the end of the 3 year lease.

nyccarguy

henryn said:

Expensive automobiles are going to cost you more in depreciation when you buy new. Not necessarily percentage wise, but in dollars down the drain, oh, yeah!

When I was driving Cadillacs, I always bought used. People who pay that much for a new car (Cadillac, Infiniti, Mercedes) tend to take better care of it than the average new car buyer. You can usually find one that has been dealer serviced, and kept in a garage. They even have a term for it over on the Cadillac forums, “Garage Queen”.

Your Q40, for example, would probably make an excellent buy for someone else. Or that S450 that @abacomike is driving right now, when he turns it in at the end of the 3 year lease.

I bought it CPO in March of 2017 with less than 7,500 miles on the odometer.

nyccarguy

qbrozen said:

nyccarguy said:

@qbrozen - I know you are currently lease shopping to replace the LR, but if you get a chance can you give me a trade in value of my

2015 Infiniti Q40 AWD
38,000 miles
Black/Black
Interior 9/10
Exterior 7-8/10 (2 chips in the front windshield)
AWD, Auto, Navigation, Hot Seats, Leather, Sunroof
Tires are in good shape (maybe 50% worn)
Located in Stamford, CT

Thanks! Good luck to you!

I am afraid it is really bad news. Maybe 14,000, possibly 14.5 K.

Not bad news. About what I expected. I owe $10,335.66. If I could clear $5K then I might think of making a switch for a spectacular deal. I'll get my snow tires mounted next week & stick with it as I really like the car.

sda

Positive equity is your friend.

jpp75

sda said:

Positive equity is your friend.

Indeed. Unfortunately I have MAJOR negative equity in my Touareg.

henryn

There are a lot of things wrong with growing old, I can now tell you from experience. It’s true what they say, “Growing old is not for wusses.” But one positive – after a lifetime of working and saving, I no longer sweat bills or debts or negative equity.

stickguy

hey Q, since you have been looking, what's the S60 CPO market looking like? Found 2 that I liked.

one is a 2016 S60, red over beige, FWD. 29K miles, nicely equipped with power seats, parking sensors and BLIS.

the other is a 2018 Inscription, white over Beige. 18K miles. pretty loaded, BLIS, heated steering wheel, parking sensors.

and for the heck of it, a very nice 1 owner CPO 2016 TLX. 4 cyl, tech. Gray over gray, 27,000 miles.

and just for the double heck, a 2019 CPO TLX tech, white, 5 miles.

stickguy

henryn said:

There are a lot of things wrong with growing old, I can now tell you from experience. It’s true what they say, “Growing old is not for wusses.” But one positive – after a lifetime of working and saving, I no longer sweat bills or debts or negative equity.

after having (between me and the wife) a few medical things (not serious, but back/foot/leg type stuff) I also realize it does not make sense to postpone doing stuff like travelling until you have time/money to do it. Because not guarantee, even if you make it to that age, that you will be able to do it!

qbrozen

stickguy said:

hey Q, since you have been looking, what's the S60 CPO market looking like? Found 2 that I liked. one is a 2016 S60, red over beige, FWD. 29K miles, nicely equipped with power seats, parking sensors and BLIS. the other is a 2018 Inscription, white over Beige. 18K miles. pretty loaded, BLIS, heated steering wheel, parking sensors. and for the heck of it, a very nice 1 owner CPO 2016 TLX. 4 cyl, tech. Gray over gray, 27,000 miles. and just for the double heck, a 2019 CPO TLX tech, white, 5 miles.

If the first is a base trim, $17.5k would be the moon. About $25k on the 18 inscription.

$22.5k-$23k on the 16 tlx. ...how is a 19 with 5 miles CPO? Not much data to go on. I've got on with 74 miles at $27,750. So maybe $31k-$31.5k? What do they cost new?

stickguy

the 2016 S60 was a premier. FWIW. I think they want 19,900 for it. The 2018 S60 is $26,500 I think.

Are the prices you listed dealer retail?

the 2016 TLX is asking 22K, so that seems good. The 2019 has 5,000 miles on it. asking $29,500 (new MSRP is about $37,500 I think. )

qbrozen

Ah, well 5k miles is probably more like $25.5k auction value and $29k tops retail cpo.

$19.5k would be OK on a 2016 premier.

The numbers I stated are retail. I added $3k-$3500 to each auction number for CPO.

stickguy

thanks. so pretty much, they are all right about where they should be as a starting point, and won't get killed on any of them even if couldn't haggle down.

Rideondirt

We hate to part with her, but if I could get some realistic trade-in info on our 2007 Dodge Ram 2500 SLT crew cab, 4x4, short box, 5.9L Cummins with the following:

191,000 miles
Leer topper - color match
Full 5" exhaust & performance cat
Minor lift/leveling kit 1.5"?
Tires - 35" ATs on 17" custom wheels - 50% life
Chipped with Smarty Tuner
Grey exterior with a few door dings and some scratches
Grey cloth interior - needs detailed
Kenwood 5" screen stereo/CD/DVD player with updated speakers, JBL sub under rear seat, 2 amps
Line-X bed liner
Tow package - trailer brake aftermarket
Wenatchee, WA but willing to drive...

We're downsizing looking at leasing a 2019 Chevy Colorado 4x4 baby D-max Z71 crew cab, long box with MSRP of 42,175.

Thanks in advance!

28firefighter

That seems like a great candidate for private sale. I imagine a dealer won’t give much. 

henryn

28firefighter said:

That seems like a great candidate for private sale. I imagine a dealer won’t give much. 

If we're talking about that 2007 Dodge diesel, a dealer might give more than you think. Not as much as a private party, but still more than you would think if you don't pay any attention to diesel trucks.

Rideondirt

We'd love to sell it private party as similar vintage 2500s (and the less-cool 6.7L Cummins on 2007.5 versions) are going between 17-19k. I think we're most concerned about someone getting financing on an 11-year old vehicle with "high" miles. We all know the 5.9L is sought after - inline 6, no EGR crap, runs forever - but banks may fail to agree.

Mr_Shiftright

I'll let Q jump in, but my two cents is that this is one vehicle I wouldn't try to trade-in. Have you tried to sell it? At what price did you advertise?

Rideondirt

We haven’t tried to list it yet. We need to get it detailed and de-dogged first. Sounds like the consensus is to give the private party sell a go. I’d love to get that extra cash out of it for sure. Scheduling a detail for next week!

Mr_Shiftright

henryn said:

28firefighter said:

That seems like a great candidate for private sale. I imagine a dealer won’t give much. 

If we're talking about that 2007 Dodge diesel, a dealer might give more than you think. Not as much as a private party, but still more than you would think if you don't pay any attention to diesel trucks.

Oh I know they can be worth a good amount of money but I'm focusing on the truck as she described it, presented to the dealer as is.

But hey, it doesn't cost anything to take it to a dealer and see what they say.

Her retail estimate is a bit high I think because I see them really, really clean in the high teens. I think she'd have to take a hit of at least around $4K--$5K on a trade-in, compared to a private party sale.

So I'll take a guess here of $10K trade-in and $14K retail, with the truck detailed nicely. Asking price could be higher, of course.

Q might think otherwise.

qbrozen

$11k trade

28firefighter

I think nicely cleaned up with the modifications, listing it on a Cummins diesel enthusiast forum will probably yield a handsome premium over the ordinary CL retail route. 

Mr_Shiftright

It very well could. As Ms. Rideondirt points out, though, there's a certain price point on used cars, along with an age-point, where the number of buyers who can just write a check for the amount, gets very limited. Not many financial institutions are going to loan on that truck, or if they do, it would be at an exorbitant rate no doubt.

It's been my experience that such enthusiasts usually have to sell what they own first, to buy the new toy.

Private sale would be much better, but it's going to take some time. So then the question becomes one of time vs. money.

stickguy

my experience with selling cars off CL is, once you crack $10K, it gets much harder. Below $5k, now you are talking!

Mr_Shiftright

I'm gonna try for $3,900 on my 2003 Mini Cooper S. I might get it if I clean it up real nice. Lotta miles.

henryn

It's going to take the right buyer for your Mini, that's for sure. Most people with only $3,900 to spend are looking for solid reliable transportation, and what you're selling is more on the fun side of the equation, the opposite of "solid reliable transportation".

Still, a lot of young people will buy "fun" and then live to regret it. I know I did, several times.

stickguy

yeah, I was thinking some HS or just after kid is going to latch onto this. Not up to Shifty to explain the future to him.

Mr_Shiftright

henryn said:

It's going to take the right buyer for your Mini, that's for sure. Most people with only $3,900 to spend are looking for solid reliable transportation, and what you're selling is more on the fun side of the equation, the opposite of "solid reliable transportation".

Still, a lot of young people will buy "fun" and then live to regret it. I know I did, several times.

Now, now....the Mini has always been reliable. It's never stranded me, not once. BUT....of course I took care of things pro-actively. The main problem is that it is an extremely expensive car to repair, and I've used up about 3 bottles of Gorilla glue thanks to the build quality equal to an Italian TV dinner tray.

Harrythemonkey

Can I get an idea of a fair trade in value for a 2008 Toyota Sienna LE with 137k miles. Condition is on the very good side of the scale compared to the average 10 year old car. No mechanical deficiencies and minor bumper scratches and dings. No rust or major dents or damage

xwesx

Location (region) will help, as well as inside/outside colors and engine (if there were options). AWD or FWD?

Harrythemonkey

Iowa / Midwest USA , slate metallic outside , gray interior (I don’t know the internal Toyota goofy name for gray. Fwd 3.5 v6 only engine. Can’t believe I forgot these details. 

qbrozen

About $3k-$3500

henryn

This would be another good candidate for a private sale. Clean it up, take some good pictures, and place ads on Craigslist and AutoTrader. I'll bet you could get $6,500 pretty quick.

terianx

How much is this worth trade in, 2010 Toyota RAV4 2.5L 4 cylinder FWD with 82k miles.

carfax, edmunds, kbb, listed it’s worth around $5k

vehicle has a damaged report on carfax, not an accident. The car was hit when parked at night. Dealer offered $2k for vehicle

cdnpinhead

Location and color are important to get the most representative auction value.

terianx

cdnpinhead said:

Location and color are important to get the most representative auction value.

It’s gray, in ny

qbrozen

terianx said:

How much is this worth trade in, 2010 Toyota RAV4 2.5L 4 cylinder FWD with 82k miles.

carfax, edmunds, kbb, listed it’s worth around $5k

vehicle has a damaged report on carfax, not an accident. The car was hit when parked at night. Dealer offered $2k for vehicle

Was the damage repaired? If so, was it repaired by a 4-yr-old? Just wondering because $2k is REALLY LOW. $5k-$5500 would be more accurate if not for the dirty carfax. Should still fetch $4k, though, unless, again, if the damage is still there or repaired very poorly.

terianx

qbrozen said:

How much is this worth trade in, 2010 Toyota RAV4 2.5L 4 cylinder FWD with 82k miles.

carfax, edmunds, kbb, listed it’s worth around $5k

vehicle has a damaged report on carfax, not an accident. The car was hit when parked at night. Dealer offered $2k for vehicle

Was the damage repaired? If so, was it repaired by a 4-yr-old? Just wondering because $2k is REALLY LOW. $5k-$5500 would be more accurate if not for the dirty carfax. Should still fetch $4k, though, unless, again, if the damage is still there or repaired very poorly.

It has been repaired professionally. I searched the internet and the tradein is about the same across the board. Dealer still claims it’s because it has a damaged reported.

terianx

terianx said:

qbrozen said:

How much is this worth trade in, 2010 Toyota RAV4 2.5L 4 cylinder FWD with 82k miles.

carfax, edmunds, kbb, listed it’s worth around $5k

vehicle has a damaged report on carfax, not an accident. The car was hit when parked at night. Dealer offered $2k for vehicle

Was the damage repaired? If so, was it repaired by a 4-yr-old? Just wondering because $2k is REALLY LOW. $5k-$5500 would be more accurate if not for the dirty carfax. Should still fetch $4k, though, unless, again, if the damage is still there or repaired very poorly.

It has been repaired professionally. I searched the internet and the tradein is about the same across the board. Dealer still claims it’s because it has a damaged reported.

Dealer claims it’s around $2k at auctions

nyccarguy

terianx said:

qbrozen said:

terianx said:

How much is this worth trade in, 2010 Toyota RAV4 2.5L 4 cylinder FWD with 82k miles.

carfax, edmunds, kbb, listed it’s worth around $5k

vehicle has a damaged report on carfax, not an accident. The car was hit when parked at night. Dealer offered $2k for vehicle

Was the damage repaired? If so, was it repaired by a 4-yr-old? Just wondering because $2k is REALLY LOW. $5k-$5500 would be more accurate if not for the dirty carfax. Should still fetch $4k, though, unless, again, if the damage is still there or repaired very poorly.

It has been repaired professionally. I searched the internet and the tradein is about the same across the board. Dealer still claims it’s because it has a damaged reported.

No AWD in NY can't help his cause either

terianx

Here are are some images of the car

28firefighter

My $.02 is I see quite a bit of damage even in it's current state - dings, chips, scrapes, curbed wheels, some body damage on the driver side. I can see why they hit it at $2k between the visual condition and damage report - it isn't a car they'll sell on their lot.

terianx

28firefighter said:

My $.02 is I see quite a bit of damage even in it's current state - dings, chips, scrapes, curbed wheels, some body damage on the driver side. I can see why they hit it at $2k between the visual condition and damage report - it isn't a car they'll sell on their lot.

I know that car has some scratch and the driver side is damaged, but from 5k to 2k, is that a reasonable offer?

Michaell

terianx said:

28firefighter said:

My $.02 is I see quite a bit of damage even in it's current state - dings, chips, scrapes, curbed wheels, some body damage on the driver side. I can see why they hit it at $2k between the visual condition and damage report - it isn't a car they'll sell on their lot.

I know that car has some scratch and the driver side is damaged, but from 5k to 2k, is that a reasonable offer?

It's only worth what someone is willing to pay for it.