Real-World Trade-In Values

kyfdx

tottenham_coys said:

...update on the Millennium Falcon 2015 Benz GLA with 138k miles...started stalling and running rough a week after the turbo was replaced - was able to limp it on back roads to a VW dealership where we got $8k on it as a trade on a certified 2016 Tiguan SE AWD with 21k miles for which we paid $18.7k (~$20k total with additional 5yr/100k CPO warranty - it has a turbo, timing chain, and haldex to worry about)...were lucky to be able to show them an $8k trade-in offer from another dealer...dodged a bullet - for now...

$8K is a gift.. nice job

qbrozen

They made out well on that sale, but who knows what the benz will do to them on the back end. congrats on dumping it.

28firefighter

@qbrozen Can you give me ballpark fair price for a 2014 Mazda CX-9 Grand Touring with 57k miles in the Seattle area?  Family friend is looking at one used. I don’t have many details beyond that. 

Carfax shows one owner with rear damage reported at some point. 

qbrozen

For a clean one, you'd be shooting for about $17.5k dealer retail. You know how I feel about a dirty carfax, though. Have to see if any metalwork was involved. If so, I wouldn't want to pay more than $14k tops. If just a rear bumper or less, then maybe $15k.

28firefighter

About what I’d expect. Thanks!

awl10

Looking for approximate trade-in value for 2013 Mercedes ML350, 2wd. I am original owner, low miles at 37,200.
P01 package with total MSRP at the time of $53,245.
Dealer is offering $17,000, so with trade-in credit @ 6.25% tax rate would be $18,000 towards purchase of a new vehicle.

stickguy

location will definitely be important to value this one. color also.

awl10

Location Houston, TX. Black exterior, beige interior.

qbrozen

awl10 said:

Looking for approximate trade-in value for 2013 Mercedes ML350, 2wd. I am original owner, low miles at 37,200.
P01 package with total MSRP at the time of $53,245.
Dealer is offering $17,000, so with trade-in credit @ 6.25% tax rate would be $18,000 towards purchase of a new vehicle.

It is not a terrible offer, but you could probably do better. Check with Vroom and Carvana. Based on auction values, you could see $19k or more from one of them.

awl10

Thank you! Vroom offer was $20K

corvette

qbrozen, my friend is shopping for a newer 4Runner. Dealer near him (Duluth, MN) has a 2010 Limited with 119k for $20k. That is over 2k higher than clean retail per Edmunds. Dealer says the price is the price - no discounts. 

Same dealer also has a 2010 RX350 he is interested in for $13k, which is right where Edmunds says it should be. 

The other 4Runners I casually browsed at other dealers also seem to be priced way above book retail. Is this just a model where the books are off? He has no interest in anything other than Toyota or Lexus. I’d suggest he look for a Tacoma or Tundra, but I’m guessing they have really high residuals as well. 

tjc78

There is just no way I could drop 20k on vehicle with that many miles.   They hold their value well. I believe that there are also lease deals to be had.  

nyccarguy

tjc78 said:

There is just no way I could drop 20k on vehicle with that many miles.   They hold their value well. I believe that there are also lease deals to be had.  

Agreed.  $20K is insane money for a 9 yeAr old (2010 doesn’t seem THAT long ago) with 120K.

qbrozen

corvette said:

qbrozen, my friend is shopping for a newer 4Runner. Dealer near him (Duluth, MN) has a 2010 Limited with 119k for $20k. That is over 2k higher than clean retail per Edmunds. Dealer says the price is the price - no discounts. 

Same dealer also has a 2010 RX350 he is interested in for $13k, which is right where Edmunds says it should be. 

The other 4Runners I casually browsed at other dealers also seem to be priced way above book retail. Is this just a model where the books are off? He has no interest in anything other than Toyota or Lexus. I’d suggest he look for a Tacoma or Tundra, but I’m guessing they have really high residuals as well. 

Its all about condition. A very clean one sold in Omaha with 118k miles for $16.5k. I do think 20k is a bit too much.

either lease new or purchase for what? $42k? Seems like a bargain for 9 years younger. Think about it, he could finance new for 9 damned years and still have a vehicle that someone would pay $20k for.

how many miles on the RX?

corvette

Can’t tell the miles on the RX, the link wasn’t working. I want to say 125k and I know it was moderately equipped. AWD, heated seats, no xenons. 

henryn

qbrozen said:

Its all about condition. A very clean one sold in Omaha with 118k miles for $16.5k. I do think 20k is a bit too much.

either lease new or purchase for what? $42k? Seems like a bargain for 9 years younger. Think about it, he could finance new for 9 damned years and still have a vehicle that someone would pay $20k for.

I agree, in principle. But ... does anyone really think that the dealer will get $20k for that unit? Seems very implausible to me.

qbrozen

apparently people are doing it, otherwise the auction numbers wouldn't be what they are. Will they get 20? Maybe not. But is 18 that much more reasonable for a vehicle of that age and miles?

28firefighter

To the normal human it seems crazy; but for the very loyal following that car has tons of life left and is significantly cheaper than buying new.

henryn

Hard to say. About 3 years ago, one of my coworkers consulted with me about buying a used QX80. As I recall, it was maybe 4 years old, and a little over 100k miles, and cost him about $31 or $32k. The vehicle was reasonably priced based on the market, but it just seemed to me like a bad idea to pay over $30k for a vehicle with over 100k miles.

Maybe it's just me being a grumpy old man (You kids get off my lawn!!), but I balk at the idea of paying a lot of money for any car with a lot of miles.

28firefighter

No argument from me. I think another car that falls into that category is the Lexus LX570. 3 years old and they still sell for crazy dollars.

I'd rather foot the bill upfront and realize my savings by reselling it for a crazy value at the end of my time with it.

qbrozen

28firefighter said:

To the normal human it seems crazy; but for the very loyal following that car has tons of life left and is significantly cheaper than buying new.

I think it is a false economy. As I wrote above, it makes far more sense to me to buy new in this case.

28firefighter

qbrozen said:

28firefighter said:

To the normal human it seems crazy; but for the very loyal following that car has tons of life left and is significantly cheaper than buying new.

I think it is a false economy. As I wrote above, it makes far more sense to me to buy new in this case.

Said the same thing just two posts down!

qbrozen

ah, we crossed paths. both at 2:29. haha.

corvette

I found him a 2018 SR5 for $30k. I think that’s probably a fair trade off compared to close to $40k for new vs. $20k for a ten year old one. 

pensfan83

Someone here linked a post to a 20 year old manual 4Rubber on BAT awhile back whose 2nd bid was almost 20K if I recall correctly. As @28firefighter noted the following these have can defy logic.

corvette

I understand the appeal. It’s like a much more livable Wrangler. 

qbrozen

As someone who owned both a CJ7 and first generation 4runner, I can tell you they have absolutely nothing in common other than both have 4wd and some portion of the top is removable/retractable. So kinda like how a Defender 90 and Bentley Continental GT Convertible AWD are similar.

steine13

Mr_Shiftright said:

Not sure why they put the timing chain facing the fire wall, but......

I know! I know!
They put the timing chain against the firewall because they "thought" that it would not need to be serviced. No joke.
And they were RIGHT! The chain is nearly indestructible! Long service life FTW!

The plastic/resin/fiberglass??? guides and tensioners, however, are a different story entirely.."dumm gelaufen," as we say back home...it's something like "didn't go so well"... I don't know how many times I've pulled up that exact picture to show people who had indecent thoughts about buying a used Audi. That is usually an effective technique.

Any company that foists that sort of nonsense on their customers should be avoided like the plague. It's almost comical. Friend of mine had an A4, I want to say '06, where he hydrolocked the engine from driving fast in heavy rain. Grenades when wet. You can't make this stuff up.

corvette

qbrozen said:

As someone who owned both a CJ7 and first generation 4runner, I can tell you they have absolutely nothing in common other than both have 4wd and some portion of the top is removable/retractable.

I thought they were both extremely capable off-roaders, but maybe I'm off on that.

qbrozen

corvette said:

As someone who owned both a CJ7 and first generation 4runner, I can tell you they have absolutely nothing in common other than both have 4wd and some portion of the top is removable/retractable.

I thought they were both extremely capable off-roaders, but maybe I'm off on that.

The 4runner was just OK. Longish and narrow wheelbase, narrow stock tires, and lightweight made it rather specific. It was relatively easy to high center or get hung up in a narrow ditch. 

Mr_Shiftright

steine13 said:

Mr_Shiftright said:

Not sure why they put the timing chain facing the fire wall, but......

I know! I know!
They put the timing chain against the firewall because they "thought" that it would not need to be serviced. No joke.
And they were RIGHT! The chain is nearly indestructible! Long service life FTW!

The plastic/resin/fiberglass??? guides and tensioners, however, are a different story entirely.."dumm gelaufen," as we say back home...it's something like "didn't go so well"... I don't know how many times I've pulled up that exact picture to show people who had indecent thoughts about buying a used Audi. That is usually an effective technique.

Any company that foists that sort of nonsense on their customers should be avoided like the plague. It's almost comical. Friend of mine had an A4, I want to say '06, where he hydrolocked the engine from driving fast in heavy rain. Grenades when wet. You can't make this stuff up.

My friends just took an automatic transmission out of an Audi A8. These are skilled and trained people, and they practically had to use a chain saw. They took the car for practically free and will eventually rebuild that unit and re-sell the car, when they have some slack shop time.

robbieg

2016 BMW X3 Xdrive 28i
27,743 miles
Cold weather and premium packages
Blue with tan
At a BMW dealer in Pittsburgh, PA
CPO price of 30,998
Is this a reasonable price?

Should I steer clear of a BMW if I plan on keeping it until 110,000 miles?
Looks like the CPO will only get me an extra year of warranty. Am I reading it right, extra year of coverage and unlimited mileage?

qbrozen

robbieg said:

2016 BMW X3 Xdrive 28i
27,743 miles
Cold weather and premium packages
Blue with tan
At a BMW dealer in Pittsburgh, PA
CPO price of 30,998
Is this a reasonable price?

Should I steer clear of a BMW if I plan on keeping it until 110,000 miles?
Looks like the CPO will only get me an extra year of warranty. Am I reading it right, extra year of coverage and unlimited mileage?

Auction value is about $27k. I'll leave you to your own conclusions as to what the CPO is worth to you.

kyfdx

qbrozen said:

robbieg said:

2016 BMW X3 Xdrive 28i
27,743 miles
Cold weather and premium packages
Blue with tan
At a BMW dealer in Pittsburgh, PA
CPO price of 30,998
Is this a reasonable price?

Should I steer clear of a BMW if I plan on keeping it until 110,000 miles?
Looks like the CPO will only get me an extra year of warranty. Am I reading it right, extra year of coverage and unlimited mileage?

Auction value is about $27k. I'll leave you to your own conclusions as to what the CPO is worth to you.

$4K over auction for a CPO? That doesn't seem too bad for an asking price.

corvette

Update on my friend who wanted a 4Runner... Apparently, a few of these get put in rental fleets. I steered him towards a 2018 SR5 4wd with 33,000 miles at a dealer about two hours away from him. They were asking $30,595, which was right where Edmunds pegged the retail value. Just got off the phone with him on his way driving it home--he claims he got them down to $28,900 and they were able to beat his own bank's interest rate. No idea on the doc fee, etc., but it sounds like he did really well.

Also, it took two months, but he was able to privately sell his 2004 4Runner 4wd V8 for the $6,000 he was asking, which was way more than myself or anyone else here thought it was worth.

roadburner

robbieg said:

2016 BMW X3 Xdrive 28i
27,743 miles
Cold weather and premium packages
Blue with tan
At a BMW dealer in Pittsburgh, PA
CPO price of 30,998
Is this a reasonable price?

Should I steer clear of a BMW if I plan on keeping it until 110,000 miles?
Looks like the CPO will only get me an extra year of warranty. Am I reading it right, extra year of coverage and unlimited mileage?

I've had 11 BMWs since 1983, and I've owned all but a few past 130,000 miles; 110,000 is no problem assuming you maintain it by the book.

Mr_Shiftright

You can own a German car one of two ways. You can buy a very nice when, and, like a fat bank account, make lots of withdrawals (driving it) and few, if any, deposits (maintenance). Those people go broke early.

Or you can buy a nice one and periodically put back a good portion of what you have taken out. You'll be happier for a much longer period of time.

cdnpinhead

roadburner said:

110,000 is no problem assuming you maintain it by the book.

Bear in mind that the book mentioned here is the one BMW used before they saw fit to include "free" maintenance for the first X miles (which generally covers the huge majority who lease), at which point they quit recommending fluid changes at regular intervals (other than oil), among other things. You need to subscribe to Roundel and pay very careful attention to the gentleman who writes the maintenance column toward the end (the name of whom escapes me, and I'm not in a position to look it up), particularly a document he supplies called the "old-school maintenance schedule." If you do that, you're golden, given that the car has so few miles on it so far.

andres3

steine13 said:

Mr_Shiftright said:

Not sure why they put the timing chain facing the fire wall, but......

I know! I know!
They put the timing chain against the firewall because they "thought" that it would not need to be serviced. No joke.
And they were RIGHT! The chain is nearly indestructible! Long service life FTW!

The plastic/resin/fiberglass??? guides and tensioners, however, are a different story entirely.."dumm gelaufen," as we say back home...it's something like "didn't go so well"... I don't know how many times I've pulled up that exact picture to show people who had indecent thoughts about buying a used Audi. That is usually an effective technique.

Any company that foists that sort of nonsense on their customers should be avoided like the plague. It's almost comical. Friend of mine had an A4, I want to say '06, where he hydrolocked the engine from driving fast in heavy rain. Grenades when wet. You can't make this stuff up.

And yet they rank right up there with the best for the last 10 years or so.

Mr_Shiftright

Audis are very maintenance intensive. If you aren’t with that program or begrudge at least two costly visits per year to Hans and Dieter, then don’t sign up.

tifighter

Tifighter grabs his popcorn...

roadburner

cdnpinhead said:

roadburner said:

110,000 is no problem assuming you maintain it by the book.

Bear in mind that the book mentioned here is the one BMW used before they saw fit to include "free" maintenance for the first X miles (which generally covers the huge majority who lease), at which point they quit recommending fluid changes at regular intervals (other than oil), among other things. You need to subscribe to Roundel and pay very careful attention to the gentleman who writes the maintenance column toward the end (the name of whom escapes me, and I'm not in a position to look it up), particularly a document he supplies called the "old-school maintenance schedule." If you do that, you're golden, given that the car has so few miles on it so far.

Good points. I've come to believe that 10k mile oil changes are fine, but I'd definitely change the ATF and transfer case fluid at 50k-60k intervals and flush the coolant every four years. I'm ashamed to admit it, but I never touched the differentials on my 2004 X3 or 328i- that said, the X3 just hit 215k miles and the 3er is approaching 125k miles.

henryn

I know I’ve mentioned this before. My father was an auto mechanic, I grew up back in the 50’s and 60’s hanging around in dealership service departments and independent garages. We lived far out in the country, and many times instead of riding the school bus I would just walk down to the dealership and hang around until my father got off work and ride home with him.

And my father, trying to make ends meet, would often do work on the weekends, and I would help. I learned all of the tools and would help with those before I was old enough to do any real work. So … Oil changes …

When the valve covers came off, you knew right away whether the engine had been properly serviced. No ifs, ands, or buts, you knew. My father drummed it into my head, when you grow up and own a car, this is how you want the inside of your engine to look. Which made a real believer out of me, 3k miles was the absolute max I would ever consider going on an oil change. These days, I have mellowed a bit on that. I am willing to go 5 or 6k with synthetic oil, but no further.

Doesn’t really matter. The oil change minder goes off after 12 months, and I’m usually at around 5k or so. Even if I were driving more, I just wouldn’t / couldn’t do 10k miles. There’s something about lessons learned early that sticks with you…

corvette

The Tahoe oil life monitor goes off at about 7k for me, and that’s with a lot of short trips. 

stickguy

our RDX (and I think the Odyssey before that) always seemed to ask for an oil change at about 7,500 miles. This is the first time in at least 3 years the minder will come on before I hit the 12 month mark. For some reason, it only monitors life, not time, even though it is in the manual I think to not go more than 12 months.

tjc78

All three of my GM 3.6 L vehicles have been ready for a change right around the 4700-5000 mile mark based on the OLM. 

spice568nm

Just took out a lease on a 330i and was thinking if I should sell my GTI?  Appreciate any numbers on it. Lease is for 24mo./15k so trying to figure out if it makes sense to sell it now since the new mk8 is not out yet or let wife drive it in the meantime. Thanks in advance.

2016 VW GTI S 4dr HB
32,200 miles
DSG - runs perfect
Tornado Red 
No accidents
Tires 6/32
No body damage/ rims perfect
SOCAL 92128

roadburner

330i? F30 or G20?

sptyp90

Manual F30.
The new G20 looks awesome, but hard to get a deal on those right now.

roadburner

Nice!