Real-World Trade-In Values

corvette

roadburner said:

Any guess on a fair price for this 2018 440i?
It has the M Performance Power and Sound Kit($3,000+$300 CF Tips+installation) and it's an M performance car, which added the front splitter and rear spoiler.

Wow, insanely low miles for a 2018, and I love the exterior color. No comment on the interior color.

jwm40517

I wanted to report on the sale of the 2009 Honda Odyssey with 163K that I had asked about on here a while back. Q said to put a stack of receipts for a lot of new parts in past year on front seat and ask $4995.
Was looking at Auto Trader site Monday night to maybe list it when I clicked on KBB buy your car or something like that. I entered the basic info and they sent a bid of $3741 from a Chevy dealer a half hour away. Guy from dealer emailed and we spoke on phone about the van. Would have never thought of Chevy dealer for the van. It was total luck I stumbled on that site.

I took it to the dealer yesterday and their buyer drove it and service looked at it. He offered $4500, I said it should be an easy private sale for $5k or more but I would take $4900 to avoid hassle of sale. He said OK and they did the paperwork while my wife made the trip to pick me up. I was amazed how quick and easy it was without any games and they never complained about the two CarFax dings I told them about.

The wife was dreading the ordeal of having people look, get paid and transferred with the Clerk's office not open to public. She was happy to be in and out in about 10 minutes with more money than she expected.

qbrozen

Wow. Congrats.

jwm40517

Asking for a friend. I will find out more details, but they have a black 2010 Camry XLE with 70 some thousand miles that they would like to sell, but like us, do not want to do private sale. Yes, I know this would be great for private sale.

xwesx

qbrozen said:

Wow. Congrats.

No doubt! This market is just nuts.

@jwm40517 You couldn't have asked for a better result!

kyfdx

qbrozen said:

alrighty. Given the history, even with the low miles, I'd say this is about a $3k auction car. So maybe see $2500 on trade. Your friend could TRY asking $5995 and see what happens. If it needs to go quick, then start with $4995.

Asked $5K... sold it to the first person that looked at it. They didn’t even make a lower offer.

Thanks!

qbrozen

jwm40517 said:

Asking for a friend. I will find out more details, but they have a black 2010 Camry XLE with 70 some thousand miles that they would like to sell, but like us, do not want to do private sale. Yes, I know this would be great for private sale.

Best thing to do right now is request buy bids on Carvana/Vroom/Carmax/Algo/etc. I can't begin to guess without miles, engine, condition, history. But my guesses in this environment are just guesses. Never know what the heck these online places will pay.

henryn

Greetings and salutations, long time no see. I thought I would report in on this present insanity.

Last year, in August, I became very ill and spent a week in the hospital. I decided to retire, and enjoy life a little. At that time I had two vehicles, a 2018 F150 XLT Supercrew (purchased new) and a 2016 Chrysler Town and Country (purchased 1 year old). I considered selling off the truck, and did a little exploration. At that time (September of 2020, about 7 months ago) my estimation was that I could get about $27k or possibly $28k. 

Fast forward, yesterday morning, I read a story on CNN, you may have seen it:

https://www.cnn.com/2021/04/21/business/car-prices-record-high-short-supply/index.html

“Wholesale prices for used cars sold at auction are up 26% since the start of this year, according to other data from JD Power. “

Really? Do tell. I did some quick online searches, and was completely astonished at what Kelly Blue Book and Edmunds were showing me for the value of my truck. KBB said $40,789 to $44,876 for private sale. Edmunds said $37,650.  I took two quick pictures, paid $5 to post on Craigslist, and asked $37,500. In less than 24 hours, I had sold the truck to a local dealer for my asking price. That amounts to $10k more than it was worth 7 months ago, and about $4.5k more than I paid for the truck, brand new, about 34 months ago.

This is almost as good as the VW Diesel deal from a few years back.

brian125

@qbrozen,

Can you provide any further info on this vehicle for me . What price range should I start my offer at for a 2019 mustang Echo Boost base no added options , white/black int , 25,623 miles , one owner ,clean fax. Outstanding in / out. ?

Vin# 1FA6P8THXK5109017
Major Chevy world Queens, NY Has it listed for $23,800.

Edmunds has private party sale @$21,590
Dealer retail.......$23,019

roadburner

Echo Boost? Does that mean it has two turbos?

corvette

roadburner said:

Echo Boost? Does that mean it has two turbos?

Even better, it's a special edition that came for free with one of these cheerful little commuters:

brian125

Fords Echo boost is 2.3L turbocharged VCT 10-speed Auto @310h/p. Manual must be fun to drive

sda

henryn said:

Greetings and salutations, long time no see. I thought I would report in on this present insanity.

Last year, in August, I became very ill and spent a week in the hospital. I decided to retire, and enjoy life a little. At that time I had two vehicles, a 2018 F150 XLT Supercrew (purchased new) and a 2016 Chrysler Town and Country (purchased 1 year old). I considered selling off the truck, and did a little exploration. At that time (September of 2020, about 7 months ago) my estimation was that I could get about $27k or possibly $28k. 

Fast forward, yesterday morning, I read a story on CNN, you may have seen it:

https://www.cnn.com/2021/04/21/business/car-prices-record-high-short-supply/index.html

“Wholesale prices for used cars sold at auction are up 26% since the start of this year, according to other data from JD Power. “

Really? Do tell. I did some quick online searches, and was completely astonished at what Kelly Blue Book and Edmunds were showing me for the value of my truck. KBB said $40,789 to $44,876 for private sale. Edmunds said $37,650.  I took two quick pictures, paid $5 to post on Craigslist, and asked $37,500. In less than 24 hours, I had sold the truck to a local dealer for my asking price. That amounts to $10k more than it was worth 7 months ago, and about $4.5k more than I paid for the truck, brand new, about 34 months ago.

This is almost as good as the VW Diesel deal from a few years back.

That’s incredible. Hope you’re feeling better and great to hear from you. Your absence did not go unnoticed.

corvette

brian125 said:

Fords Echo boost is 2.3L turbocharged VCT 10-speed Auto @310h/p. Manual must be fun to drive

* EcoBoost (without an H)...

Somebody had to tell him...

explorerx4

@henryn,
Glad you are doing better and I guess that F150 was able to keep all its' fenders?

henryn

explorerx4 said:

@henryn,
Glad you are doing better and I guess that F150 was able to keep all its' fenders?

Nah, it wasn't the fenders, it was the hood.

qbrozen

brian125 said:

@qbrozen,

Can you provide any further info on this vehicle for me . What price range should I start my offer at for a 2019 mustang Echo Boost base no added options , white/black int , 25,623 miles , one owner ,clean fax. Outstanding in / out. ?

Vin# 1FA6P8THXK5109017
Major Chevy world Queens, NY Has it listed for $23,800.

Edmunds has private party sale @$21,590
Dealer retail.......$23,019

Clean ones are fetching $23k-$24k at auction.

This one, however, has a title problem per Autocheck. I can’t give details because I don’t have paid access. This is all I have:

xwesx

henryn said:

Greetings and salutations, long time no see. 

 I took two quick pictures, paid $5 to post on Craigslist, and asked $37,500. In less than 24 hours, I had sold the truck to a local dealer for my asking price. That amounts to $10k more than it was worth 7 months ago, and about $4.5k more than I paid for the truck, brand new, about 34 months ago.

This is almost as good as the VW Diesel deal from a few years back.

Great to hear from you, Henry, and we're all glad that you pulled through from the illness last August! That's definitely a good reason to change things up and enjoy life a little more!

You made out like a bandit with the truck! Congrats.

tifighter

xwesx said:

henryn said:

Greetings and salutations, long time no see. 

 I took two quick pictures, paid $5 to post on Craigslist, and asked $37,500. In less than 24 hours, I had sold the truck to a local dealer for my asking price. That amounts to $10k more than it was worth 7 months ago, and about $4.5k more than I paid for the truck, brand new, about 34 months ago.

This is almost as good as the VW Diesel deal from a few years back.

Great to hear from you, Henry, and we're all glad that you pulled through from the illness last August! That's definitely a good reason to change things up and enjoy life a little more!

You made out like a bandit with the truck! Congrats.

I first read this as 'you made out like a biscuit' and I'm going to now try to make that a thing.

...and welcome back, Henry.

steine13

My kid just received the VIN for the 6MT Crosstrek she ordered over a month ago...estimated delivery date June 2nd, so maybe this will become reality despite the microchip shortage and transport crisis. With all this news about used prices going through the roof and new prices rising, I'm glad I followed suit and ordered a modest little Impreza, base with a 5MT for $19,300 + TTL. I have a feeling that'll look like a good move in a year or three. I would have liked to have a little more equipment, like heated seats and a leather steering wheel, but I was not going to pay four grand extra and then get a "sport" with 18" alloys to drive on mid-Michigan's awful roads.

In my old age, I'm finally realizing that all the things that make a car pleasant on long drives are pretty much useless to me, since my median trip is two miles....and if it's nice out, I ride a bicycle anyway. In other words, the biggest luxury item is a small aluminum engine that blows warm air after a few hundred yards... all the other gimmicks pale in comparison, and Subaru seat heaters are pretty much a joke anyway. As opposed to the 2012 Ford Fusion SEL I bought a year ago... that will leave a waffle grid on your butt if you leave it on high. I'll probably miss that car when it's gone, but I wanted a manual while they still exist.

stickguy

Man, you really profile as a candidate for a small EV like a Bolt. Other than the manual trans issue.

steine13

Not really...i drive like 4k a year...a bolt would be overkill. My wife otoh drives around 20 to 50 miles a day, and for her it'd be perfect. We've talked about it forwhen she's ready to let go of her beloved 03 sienna. I had a wicked gm card offer for the premium bolt only...like 15k off sticker for that high end model. I thought about it.

brian125

@qbrozen, .....................................Thank-you

sda

steine13 said:

My kid just received the VIN for the 6MT Crosstrek she ordered over a month ago...estimated delivery date June 2nd, so maybe this will become reality despite the microchip shortage and transport crisis. With all this news about used prices going through the roof and new prices rising, I'm glad I followed suit and ordered a modest little Impreza, base with a 5MT for $19,300 + TTL. I have a feeling that'll look like a good move in a year or three. I would have liked to have a little more equipment, like heated seats and a leather steering wheel, but I was not going to pay four grand extra and then get a "sport" with 18" alloys to drive on mid-Michigan's awful roads.

In my old age, I'm finally realizing that all the things that make a car pleasant on long drives are pretty much useless to me, since my median trip is two miles....and if it's nice out, I ride a bicycle anyway. In other words, the biggest luxury item is a small aluminum engine that blows warm air after a few hundred yards... all the other gimmicks pale in comparison, and Subaru seat heaters are pretty much a joke anyway. As opposed to the 2012 Ford Fusion SEL I bought a year ago... that will leave a waffle grid on your butt if you leave it on high. I'll probably miss that car when it's gone, but I wanted a manual while they still exist.

In case you didn’t see it, I sent you a message.

vehicula

Hello there! I'm looking for a 'real world' dealer trade-in value for my 2018 Honda Accord EX (gasoline.) Used car prices are crazy now so it's tempting to over-estimate the value, but I want to try to keep it real.

After almost three years my car has less than 23,000 miles on the clock, and it has one small, shallow dent (paint not broken) and some curb rash on two wheels. Everything else is in great shape, but to keep things real let's say that it's in Black Book 'Average' condition. I live in Massachusetts (and so does my car.)

I'm almost at the end of a three-year lease and my lease buyout is currently $16,746. How much do you think a Honda dealer would offer me to trade in my car against the lease of a new 2021 Honda vehicle? Thanks for your advice.

qbrozen

eh, I'll say $21k.

But get appraisals from Carmax/Carvana/Vroom and have them in hand when you go to the dealer.

henryn

I am not the expert here, he should be along shortly. But I can and will offer you some advice, based on my recent experience. What you should do is to get a quote from all 3 major online car buyers, Carmax, Vroom, and Carvana. The prices they offer may shock you (they did me). And the dealer will probably (based on my recent experiences) not offer anywhere close to what the online buyers will offer.

As a quick example, 2 weeks ago I sold my 2016 Chrysler Town and Country and purchased a 2019 Pacifica. Two different car dealers offered me right at $12.5k as a trade in. Carmax and Vroom were within a few dollars of each other, right around $15.6k. Carvana came in at $16,696 and they now have my T&C.

It will only take you a few minutes to get an offer from each of the 3, and it is well worth your trouble and places you under absolutely no obligation.

sb55

henryn said:

I am not the expert here, he should be along shortly. But I can and will offer you some advice, based on my recent experience. What you should do is to get a quote from all 3 major online car buyers, Carmax, Vroom, and Carvana. The prices they offer may shock you (they did me). And the dealer will probably (based on my recent experiences) not offer anywhere close to what the online buyers will offer.

As a quick example, 2 weeks ago I sold my 2016 Chrysler Town and Country and purchased a 2019 Pacifica. Two different car dealers offered me right at $12.5k as a trade in. Carmax and Vroom were within a few dollars of each other, right around $15.6k. Carvana came in at $16,696 and they now have my T&C.

It will only take you a few minutes to get an offer from each of the 3, and it is well worth your trouble and places you under absolutely no obligation.

I am sure that I am outlier. I submitted my 2014 BMW 535d X-drive in great condition with 94K miles to Zoom. It took 4 DAYS to get an appraisal. I guess that they don't have too many comps to appraise it quickly. BTW, the estimate was $10,000.00. I wish that I had a Toyota Corolla about the same year and mileage. It would be worth about the same.

henryn

sb55 said:

henryn said:

I am not the expert here, he should be along shortly. But I can and will offer you some advice, based on my recent experience. What you should do is to get a quote from all 3 major online car buyers, Carmax, Vroom, and Carvana. The prices they offer may shock you (they did me). And the dealer will probably (based on my recent experiences) not offer anywhere close to what the online buyers will offer.

As a quick example, 2 weeks ago I sold my 2016 Chrysler Town and Country and purchased a 2019 Pacifica. Two different car dealers offered me right at $12.5k as a trade in. Carmax and Vroom were within a few dollars of each other, right around $15.6k. Carvana came in at $16,696 and they now have my T&C.

It will only take you a few minutes to get an offer from each of the 3, and it is well worth your trouble and places you under absolutely no obligation.

I am sure that I am outlier. I submitted my 2014 BMW 535d X-drive in great condition with 94K miles to Zoom. It took 4 DAYS to get an appraisal. I guess that they don't have too many comps to appraise it quickly. BTW, the estimate was $10,000.00. I wish that I had a Toyota Corolla about the same year and mileage. It would be worth about the same.

Zoom? Did you mean to say Vroom?

sb55

henryn said:

sb55 said:

henryn said:

I am not the expert here, he should be along shortly. But I can and will offer you some advice, based on my recent experience. What you should do is to get a quote from all 3 major online car buyers, Carmax, Vroom, and Carvana. The prices they offer may shock you (they did me). And the dealer will probably (based on my recent experiences) not offer anywhere close to what the online buyers will offer.

As a quick example, 2 weeks ago I sold my 2016 Chrysler Town and Country and purchased a 2019 Pacifica. Two different car dealers offered me right at $12.5k as a trade in. Carmax and Vroom were within a few dollars of each other, right around $15.6k. Carvana came in at $16,696 and they now have my T&C.

It will only take you a few minutes to get an offer from each of the 3, and it is well worth your trouble and places you under absolutely no obligation.

I am sure that I am outlier. I submitted my 2014 BMW 535d X-drive in great condition with 94K miles to Zoom. It took 4 DAYS to get an appraisal. I guess that they don't have too many comps to appraise it quickly. BTW, the estimate was $10,000.00. I wish that I had a Toyota Corolla about the same year and mileage. It would be worth about the same.

Zoom? Did you mean to say Vroom?

Whoops. Vroom, not Zoom

roadburner

@qbrozen
Any idea on a fair price for this 2021 M2 Comp?

qbrozen

Not really. Only one sold at auction in recent months. It was back in early April, had 10k miles, and sold for $65,500.

So, compared to that one, this is a great deal.

roadburner

qbrozen said:

Not really. Only one sold at auction in recent months. It was back in early April, had 10k miles, and sold for $65,500.

So, compared to that one, this is a great deal.

Thanks!

sda

roadburner said:

@qbrozen
Any idea on a fair price for this 2021 M2 Comp?

I like, a lot. Quick 1300 mi, then hardly any from Jan to May. Wonder why? I know I’ve haven’t put 3000 mi on my car since Oct. Work from home and little other driving.

henryn

It's interesting looking at carfax reports on Volkswagen TDI cars. They all have a big gap of 2 to 3 years, with no records for service, and no increase in mileage after the gap. I guess we all know where that came from.

roadburner

sda said:

roadburner said:

@qbrozen
Any idea on a fair price for this 2021 M2 Comp?

I like, a lot. Quick 1300 mi, then hardly any from Jan to May. Wonder why? I know I’ve haven’t put 3000 mi on my car since Oct. Work from home and little other driving.

It was bought from my dealer ad received the M Car 1,200 mile service there. I'm guessing the buyer thought he wanted an M Car and then found out it was a bit more hard edged than he wanted. Or he could have been like the poor sod I knew on a Mazdaspeed board. He had to sell his Mazdaspeed 3 because his wimpy wife and kids thought it rode too rough and was noisy. My wife and son loved our MS3-my son especially because of all the challenges we received at the Stoplight Grand Prix...

sda

roadburner said:

sda said:

roadburner said:

@qbrozen
Any idea on a fair price for this 2021 M2 Comp?

I like, a lot. Quick 1300 mi, then hardly any from Jan to May. Wonder why? I know I’ve haven’t put 3000 mi on my car since Oct. Work from home and little other driving.

It was bought from my dealer ad received the M Car 1,200 mile service there. I'm guessing the buyer thought he wanted an M Car and then found out it was a bit more hard edged than he wanted. Or he could have been like the poor sod I knew on a Mazdaspeed board. He had to sell his Mazdaspeed 3 because his wimpy wife and kids thought it rode too rough and was noisy. My wife and son loved our MS3-my son especially because of all the challenges we received at the Stoplight Grand Prix...

Is it going to find a good home who appreciates what it is, yours?

stickguy

gorgeous BMW. Love it. Too bad they screwed up at the assembly plant and forgot to install the clutch pedal.

kyfdx

sda said:

roadburner said:

@qbrozen
Any idea on a fair price for this 2021 M2 Comp?

I like, a lot. Quick 1300 mi, then hardly any from Jan to May. Wonder why? I know I’ve haven’t put 3000 mi on my car since Oct. Work from home and little other driving.

Probably because of summer tires?

sda

kyfdx said:

sda said:

roadburner said:

@qbrozen
Any idea on a fair price for this 2021 M2 Comp?

I like, a lot. Quick 1300 mi, then hardly any from Jan to May. Wonder why? I know I’ve haven’t put 3000 mi on my car since Oct. Work from home and little other driving.

Probably because of summer tires?

I forgot about those and understand summer tires are not your friend during winter conditions.

roadburner

@sda said:
Is it going to find a good home who appreciates what it is, yours?

Possibly- if they will drop at least $3k.

roadburner

So I went and looked at the M2. The Cadillac store was closed so I just did a walk around. It does look brand new(which it should) More weirdness: it has the $2,500 M Drivers Package which got the PO a day at the BMW PC and a 174 mph top speed(instead of the silly 155 mph limiter). I’m at least going to test drive it, although having to negotiate with that flakey dealer is discouraging.

andres3

The problem with 174 MPH in the USA is that you'll have a lot of explaining to do if pulled over for it, and most likely the person/people pulling you over won't be in a "listening" type of mood.

roadburner

@qbrozen Sorry to be a pest, but this just popped up.
https://craigsbestcars.com/vdp/17558977/Used-2019-BMW-M2-Competition-2D-Coupe-for-sale-in-Louisville-KY-40207 Any ideas?
Thanks!

stickguy

Seems pricey, but I love that orange color.

qbrozen

roadburner said:

@qbrozen Sorry to be a pest, but this just popped up.
https://craigsbestcars.com/vdp/17558977/Used-2019-BMW-M2-Competition-2D-Coupe-for-sale-in-Louisville-KY-40207 Any ideas?

Thanks!

that's cool.
I'll just show you what I got.

roadburner

@qbrozen Thanks again!

dad23

I think a co-worker is about to make a mistake. What would be a good price to pay for this one please and thank you?
2014 Landcruiser
5.7 L
4WD
Automatic
White
Mileage: 123,796
VIN #: JTMHY7AJ3E4024191
Dealer is asking $46,700.

tjc78

Oh heck no....

qbrozen

@dad23 said:
I think a co-worker is about to make a mistake. What would be a good price to pay for this one please and thank you?
2014 Landcruiser
5.7 L
4WD
Automatic
White
Mileage: 123,796
VIN #: JTMHY7AJ3E4024191
Dealer is asking $46,700.

Well, yes, that is too much. But does it matter to this person? Even if it were $42k, does that make it better? It is burning money either way. BTW, the equivalent Lexus LX570 is $5k less on average.