Real-World Trade-In Values

stickguy

dealers don't want cars like that. If $5k is a good number for a ready to sell one, then $2k to ship off to wholesale is probably what you can expect.

Truly a CL car to sell yourself.

xwesx

I agree, stick. Terianx, do a private sale on this one on CL. I think you could get that $5K out of it easily; maybe post it for $6K or $5,900, and be willing to accept anything down to five.

qbrozen

It is a big Camry with low'ish miles. Get it detailed, take a bunch of good pics with no obstacles, and post it for $6995. I bet it goes quick.

terianx

Michaell 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.

Can’t agree more. 

explorerx4

@terianx,
Give Carmax a try, if there is one near you. It's pretty painless and will be another data point.
Private party seems to be the way to go.
I can't help but notice the 'No Parking' sign.

terianx

I don’t want the hassle to sell it myself, I pushed the dealer to give me $25k for it.

terianx

I mean $2500

sb55

A Toyota with only 82K? Heck, I'd buy it for my son and pay $2500 with tax advantage (8% in NY?) , so $2700.00? That should be an easy sell and not a big hassle at all.

corvette

$2,500 is harsh. Do any of the eBay consignment shops sell vehicles? 

explorerx4

Not trying to give terianx a hard time, but there is a lot we don't know about that Rav4.
No interior pics, does it need brakes/tires/etc...?
How much was the damage repair? I'm thinking it was a big number.

steine13

I find it hard to believe that the dealer did not step up at $2,500. That's not a lot of money for a lot of car. But keep in mind, this is the season where everybody is doing their books, so it's the low ebb for used-car values.
A car like that, cleaned up a bit will fetch a pretty penny when income tax returns start showing up.

steine13

I spent a little time talking to my favorite used-car dealer. His turnaround time is getting insane. He just sold a '12 Chevy Cruze Eco with 101k miles, auto, in good shape, for $5,700. In three hours from the time he posted it.
A 2006 Focus (auto, crank windows, no cruise, 110k) is still sitting at $2,600 three weeks later, but an '07 Jetta, 140k, for $2,700 sold the same day. Of course it did. How are those the same $$$??? I asked him. Well, I didn't pay a lot for the Jetta, he said. Oy gevalt!.
The '08 A3 that looked really nice that I posted about a couple weeks back? It sold in one day. To another dealer. Apparently, there are one or two at least that cruise his lot regularly, pay what he asks on the nicer stuff, and use it as 'finance fodder.' Of course that takes the value out of the game for regular folk, though it's not nearly as bad now as it was in the depth of the recession.
Not that I really needed that Audi.
Speaking of cars I don't need: 2012 Honda Accord LX -- it's got air cruise pwr windows but steel wheels with covers, so I thought maybe DX? -- but it shows up as an LX per the VIN of 1HGCP2F38CA244341. Anyway, it's silver, auto, 4cyl, 130ish miles and I haven't sat in it yet... but it looks clean, with the odd ding and bumper scratch. Dave said it'd be "mid-5s" and while I need it the way I need mumps, I'm tempted to add it to the fleet as a running-around car.
Hmm.. I just asked the Edmunds appraiser, which came back with $5,600 for private-party value for "clean" condition, which is pushing it for a car with that many miles. I'd be really interested what Manheim says...Nice Accords for a price where I'd forego collision insurance are not something I find often. May have to really dig into the maintenance records, if any.
Thanks in advance, always!
cheers -mathias

corvette

steine13 said:

Speaking of cars I don't need: 2012 Honda Accord LX -- it's got air cruise pwr windows but steel wheels with covers, so I thought maybe DX? -- but it shows up as an LX per the VIN of 1HGCP2F38CA244341. Anyway, it's silver, auto, 4cyl, 130ish miles and I haven't sat in it yet... but it looks clean, with the odd ding and bumper scratch. Dave said it'd be "mid-5s" and while I need it the way I need mumps, I'm tempted to add it to the fleet as a running-around car.
Hmm.. I just asked the Edmunds appraiser, which came back with $5,600 for private-party value for "clean" condition, which is pushing it for a car with that many miles. I'd be really interested what Manheim says...Nice Accords for a price where I'd forego collision insurance are not something I find often. May have to really dig into the maintenance records, if any.
Thanks in advance, always!
cheers -mathias

LX used to mean steel wheels on Hondas. They don't sell a DX anything anymore in the US. I think some of the newer LX models may come with alloys, though. I also think a 2012 is the last of the "whale" body style Accords, and the 2013 was a redesign with much better infotainment. They may have done an Accord SE that year with heated leather (but no sunroof), basically like an LX with leather, which would be more desirable to me. If it's clean, I don't think you can go wrong in that price range, though.

qbrozen

steine13 said:

I spent a little time talking to my favorite used-car dealer. His turnaround time is getting insane. He just sold a '12 Chevy Cruze Eco with 101k miles, auto, in good shape, for $5,700. In three hours from the time he posted it. A 2006 Focus (auto, crank windows, no cruise, 110k) is still sitting at $2,600 three weeks later, but an '07 Jetta, 140k, for $2,700 sold the same day. Of course it did. How are those the same $$$??? I asked him. Well, I didn't pay a lot for the Jetta, he said. Oy gevalt!. The '08 A3 that looked really nice that I posted about a couple weeks back? It sold in one day. To another dealer. Apparently, there are one or two at least that cruise his lot regularly, pay what he asks on the nicer stuff, and use it as 'finance fodder.' Of course that takes the value out of the game for regular folk, though it's not nearly as bad now as it was in the depth of the recession. Not that I really needed that Audi. Speaking of cars I don't need: 2012 Honda Accord LX -- it's got air cruise pwr windows but steel wheels with covers, so I thought maybe DX? -- but it shows up as an LX per the VIN of 1HGCP2F38CA244341. Anyway, it's silver, auto, 4cyl, 130ish miles and I haven't sat in it yet... but it looks clean, with the odd ding and bumper scratch. Dave said it'd be "mid-5s" and while I need it the way I need mumps, I'm tempted to add it to the fleet as a running-around car. Hmm.. I just asked the Edmunds appraiser, which came back with $5,600 for private-party value for "clean" condition, which is pushing it for a car with that many miles. I'd be really interested what Manheim says...Nice Accords for a price where I'd forego collision insurance are not something I find often. May have to really dig into the maintenance records, if any. Thanks in advance, always! cheers -mathias

5s would be a bargain for a clean one. If he posts it for that, it is likely another dealer would scoop it up. So don't let it slip through your fingers if you want it

stickguy

Wes, my local guy has what sounds like a close twin to that Accord. Though this one looks pretty clean. FWIW, priced higher in NJ.

http://www.royaleasing.com/detail-2012-honda-accord_sedan-4dr_i4_automatic_lx_premium-used-18024502.html

euler74

Hey folks - I am about to purchase a 2015 Dodge Challenger RT (manual trans) with 21k miles. It is CPO (mentioned in Carfax as well). I paid a so called "non-refundable" deposit to pick it up on Friday and ran an Autocheck report tonight just-in-case.

I found that it has an accident reported on Autocheck. In the detailed history table, it says "Police Report" under Data Source column and "ACCIDENT REPORTED (Case #:XXX)" under Event Detail column. No further detail is provided.

Carfax doesn't even have that event in the report. The dealership also claims it is a certified pre-owned car.

What should be my next steps? How do I get access to the police report? (The car was originally purchased in Dever,CO) How can it be a CPO with an accident in the record?

Also let me know if I should stay away from it.

boomchek

Different manufacturers have different criteria for CPO. An accident may not necessarily disqualify a car from being a CPO unit.

"No detail" or no info claim entries on carfax and other reports can mean a couple things: small "bump" at a traffic light with no damage, or very little damage ($100 scuff on a bumper) that a claim was not put through to the insurance company, or it could mean a major accident that someone fixed privately.

If you can't get a police report, then perhaps a 3rd party inspection might be in order to check if there's evidence of any major accident repairs.

But once I ran into a big problem where an accident history report also showed $0 accident claim (about a month before our dealer purchased the car at the auction). When we bought the car, and put it on the lot and repulled the accident report it came back with a $14k accident amount for the claim that originally showed $0.

The reason the report originally showed $0 amount for the accident was because the insurance company hasn't finished paying the claim out as the accident was only a month before our purchase, but by the time the car arrived on the lot, got detailed, and advertised, the claim amount was finalized and reported.

Regardless we sent the car back to where we purchased it from.

Double check how recent the accident report was. It may have not been paid out yet and therefore it may not show full details of damage amount on the accident report if it was recent.

euler74

@boomchek Here are the order of events (combining Carfax and Autocheck)-

10/13/2017 15,552 Vehicle Serviced

11/16/2017 Police Report Accident Reported (Case #XXX)

05/23/2018 19,264 Vehicle Serviced

09/03/2018 21,471 Sold at Auction

09/11/2018 21,477 Dealer Inventory, Vehicle offered for sale

09/04/2018 Offered for sale as CPO


The police report just says it happened in CO, no mention of county/city. Can I just ask the dealer for the record?

stickguy

Dealer won’t have the report. If the car worries you, then walk away and find another one.

qbrozen

unless you can (and want to) get it for 20% less than a comparable vehicle with no accident history, I'd step away.

Mr_Shiftright

In my opinion, "CPO" is strictly a marketing tool. It doesn't guarantee you a better car, and the "inspections" are often cursory, and the criteria very arbitrary.

euler74

@qbrozen I was thinking the same thing, to get an additional discount due to accident history but it looks like they don't honor Autocheck reports.

I spoke to the dealer and he mentioned that Autocheck even reports minor incidents like getting pulled over / tickets etc. Apparently, they even switched over to Carfax (they used Autocheck couple years ago) which they find to be a "more reliable source".

He also mentioned that once the deal is signed, there is a 24hour return policy if there was any major undetected damage.

To be honest, I really like the car but this unique situation where there are 2 conflicting reports have me confused.

stickguy

Get a PPI done and know for sure, if you want it that bad.

Is this some unique car that is impossible to find?

kyfdx

A true CPO program comes with an extended warranty. Otherwise, it's just talk

euler74

@stickguy Around my area, yes. It is a 6-speed R/T Shaker with low miles. The same Dodge dealer had another one with 36k miles on it and they were quoted almost at the same price. It didn't have a reported accident on Autocheck too.

@kyfdx It has 3month/3k miles B2B and 7 year/100k powertrain warranty

I didn't even run an autocheck report as the dealer provided a carfax and it was clean. After I paid the deposit online, they removed the listing form their website. I wanted to show pictures to a friend and started hunting for another website where the listing wasn't taken down yet and found it on cargurus. After scrolling down, I saw that it had a reported accident so I immediately go the full report hoping to find more details.

stickguy

What are the asking for it?

A nice but slightly older one by me.

http://www.royaleasing.com/detail-2013-dodge-challenger-r_slash_t-used-18326654.html

euler74

@stickguy 25,000 (27,800 out-the-door). It has Nav, black premium wheels, 8" touchscreen with Nav, Alpline audio system and blind spot monitor.

your listing is great , i wanted the 2015+ model as I found the shifter to be a lot better than 2014&below models.

I'm trying to pull a police record and if I dont end up buying it, I will definitely consider your car!

euler74

The dealer told me that they do not allow a PPI but they have a 24hr return policy in case of major undetected damage. I was also told that I can get the car inspected onsite. Dealer is pretty far from where I live, so I am planning to take my friend (mech engineer) to have it inspected tomorrow.

Mr_Shiftright

Don't let your engineer buddy get bogged down in details. On a PPI you have to look at the "big picture" about a car.

xwesx

Very true, Shifty! Also, euler, you can order a PPI where the inspector goes to the vehicle.

If the dealer refuses to allow a PPI, that's a good reason to keep looking!

euler74

So the same dealer managed to get another car back on lot : https://bit.ly/2E5CAFP
( 15' Challenger R/T Plus Shaker fully loaded (excl. lane assist) with 36k miles on it) Now this one has a clean carfax as well as a clean autocheck report. The price is great as well.

If you see the bottom photo on the third row, the rotors seems to have rusted. Do you think the car has been driven rash or the prev owner frequented burnouts? This, and the miles (36k) have me a bit concerned. How well do these cars hold up? Appreciate your help!

qbrozen

Great price. Almost too great. But manual prob holds it back. Pretty color. You'll see rust on the rotors of new vehicles. Comes off as soon as you use the brakes.

corvette

I actually like the color. The rotors may have sat for a while, or the brake pad may just not be sweeping the outside edge of the rotors. Either way, I wouldn't worry about it too much.

stickguy

I like that blue one. You should jump on it. as others noted, rotors get like that often when a car sits.

euler74

This car was originally sold in Florida so I was concerned about the rust. I'll be test driving this tomorrow and hopefully things go well.
Also, it has Mopar performance pack, do you think the car would've been driven on the track a lot?

Here is the info of the previous one :
https://imgur.com/klaO6cE
https://imgur.com/2WPZoja

steine13

>> This car was originally sold in Florida so I was concerned about the rust

Greetings from Michigan.
I have not the strength to explain why the above statement makes my head hurt.
Brake rotors up here will rust from sitting OVERNIGHT.

qbrozen

BTW, yes, I'm sure it was driven hard. Grandma certainly isn't buying a Challenger R/T with manual trans to drive to church.

roadburner

euler74 said:

The dealer told me that they do not allow a PPI but they have a 24hr return policy in case of major undetected damage. I was also told that I can get the car inspected onsite. Dealer is pretty far from where I live, so I am planning to take my friend (mech engineer) to have it inspected tomorrow.

That's a major red flag- if a dealer won't let me get a PPI than I'm not buying it.

Mr_Shiftright

qbrozen said:

BTW, yes, I'm sure it was driven hard. Grandma certainly isn't buying a Challenger R/T with manual trans to drive to church.

I'm a member of the First Church of the Manual Transmission

stickguy

They may have meant take it out for a PPI. Some places just won't deal with that. But will allow you to have a mechanic look at it there. But still a hassle.

steine13

I can get my mechanic to come, but I'm not strong enough to lift up the front end of the car so he can get a good look...

henryn

qbrozen said:

BTW, yes, I'm sure it was driven hard. Grandma certainly isn't buying a Challenger R/T with manual trans to drive to church.

The Beach Boys, Little Old Lady from Pasadena

She's gonna get a ticket now, sooner or later,
'Cause she can't keep her foot off the accelerator.
And ev'rybody's sayin' that there's nobody meaner than
The Little Old Lady From Pasadena.
She drives real fast and she drives real hard,
She's the terror of Colorado Boulevard.
It's The Little Old Lady From Pasadena!
You'll see her all the time, just gettin' her kicks now,
(Go Granny, go, Granny, go, Granny, go)
With her four speed stick and a four - two - six now;
(Go Granny, go, Granny, go, Granny, go)
The guys come to race her from miles around,
But she'll give 'em a length, then she'll shut'em down.

roadburner

Wrong; it was Jan and Dean.

euler74

@steine13 Is your mechanic located in Phoenix? I am going to see the car this evening.

xwesx

Personally, I wouldn't worry about time at the track too much on a car like this unless it was modified. They design them for this type of stuff, so under stock conditions track time does not necessarily translate to abuse.

However, when doing your test drive and viewing, look for signs of modification that may be present or "put back to stock" previously, as performance mods can result in excessive strain on other parts of the drivetrain that are stock. Typical areas that will fail afterward are u-joints, CV joints, driveshaft bushings.

Strangely, it looks to me like those brake pads are awfully small for those rotors, since there's quite a bit of unbrushed surface rust along the outside of the rotor, in particular. Usually pads will come within a couple millimeters of the edge; otherwise, it is just wasted surface area. Like other say, though, even a short time of non-use and a little humidity will result in rotor rust. I'll see little spots on my cars even if they sit for the weekend unused, and I'm in a climate where vehicles generally don't tend to rust overall.

jpp75

qbrozen said:

BTW, yes, I'm sure it was driven hard. Grandma certainly isn't buying a Challenger R/T with manual trans to drive to church.

This.

henryn

roadburner said:

Wrong; it was Jan and Dean.

I stand corrected, Jan and Dean apparently did the first recording. But it was recorded by the Beach Boys as well, and that is the first hit on Google.

kyfdx

Weird... It was definitely a big hit for Jan and Dean. Looks like the Beach Boys covered it live.

Mr_Shiftright

The Beach Boys got all the girls, too. Aren't they still touring in motorized wheelchairs?

euler74

I just looked at the blue one. The interiors weren’t in a really good condition (kinda looked slightly more “worn-in” than I’d like)  and there was a bit of rust on top of the shifter. It has leather seats and a slightly better sound system (Harmon Kardon vs Alpine on the grey one). Also, The front two wheel rims had quite a bit of scraping. It has mopar performance pack too but I couldn’t really notice a big difference in City/short highway test drive. The grey one was in much better condition & I’ll  will be signing off on It. They told me that an inspection was performed this morning & they will take back the car if any issues are found. Hope to drive off with the car tomorrow.