Real-World Trade-In Values

jmonroe1

xwesx said:

Looks about as handsome as my rear end. I'd pass.

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Please don’t try to prove that.

jmonroe

xwesx

Yeah, that's true. "Pretty" in MI is based on rust level, not on aesthetics.

xwesx

And, i have a GEN 3 (SH) Forester. Those ARE pretty cars. Best-looking design Subaru has ever produced, bar none.

Funny enough, every generation of Outback has been kinder on the eyes than Gen 4 (2010-2014), with Gen 2 (2000-04) being arguable. But, for $6K, who cares. It's all about the function at that point.

qbrozen

There is a $4k spread on these. More than 100% variation. I’ll let you draw your own conclusions.

steine13

Thanks!
That is a crazy amount of variation, even for a ten year old car. These are common, I see them everywhere, and I'd think they'd be a commodity.

I wonder if it's part of a correction in used car prices, which I believe is overdue.

At any rate, 6k for this car is a good price, if it's as nice as promised.

jmonroe1

qbrozen said:

There is a $4k spread on these. More than 100% variation. I’ll let you draw your own conclusions.

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I hate to admit my ignorance but what are the numbers 4.1, 4.2, 3.5 etc. that are shown in the listing? If these are condition ratings on a scale of 1 to 5, the guy in North Carolina with a 2.1 rating, which is the lowest rated car, wanting $6.6 K has to be a dreamer when the first car listed has a 4.1 rating and that guy only wants $5.6K for his car.

If by chance I’m right about these numbers being condition ratings, the old car adage of, “if you don’t ask, you don’t get” is in play here.

jmonroe

steine13

@jmonroe

Reminds me of Terry... there's your asking price... your 'liking' price... and then your ' getting' price.
But asking doesn't enter into these numbers.

Them's completed auction prices -- it done been paid.
Then the auction fee gets paid -- used to be in the $250 range, 15 years ago.
Then maybe an in$pection get$ done and paid for.
Then the tran$port.
So depending on this and that, the dealers who buy these will have another $500 and more in them than the numbers shown here. So $6 for our white one, if it's as nice as claimed, is quite the deal.

The Subaru/Hyundai dealership where these get traded is, how to say, run efficiently.
If they can steal a trade, they do it.
This is loathsome, but it helps on my end...

As far as the numbers, they kinda have to be condition/5.. if you scroll back some years, you'd see average/below/clean or some such categories.

cheers -mathias

corvette

If it's as clean as you say, $5995 sounds reasonable at a used car dealer.

qbrozen

Yup. The numbers are condition.

steine13

The Outback sold before I could get there with my physicist customer...or is that 'client?'

He's repatriating after working in Europe for someyears.

So much learning going on
Next time he'll jump, I hope.

cheers -mathias

steine13

..and six wasn't 'reasonable' in this market, it was a deal for a maintained car.

I think we're correcting towards the mean though.

oldfarmer50

steine13 said:

Thanks!

That is a crazy amount of variation, even for a ten year old car. These are common, I see them everywhere, and I'd think they'd be a commodity.

I wonder if it's part of a correction in used car prices, which I believe is overdue.

At any rate, 6k for this car is a good price, if it's as nice as promised.

Just as an aside, my company found that buying Subies in NJ where they are not as popular and then transferring them to VT where they are insanely popular was good for the bottom line.

If they are a hot item in MI you might save some $$$$ if you look in another state.

xwesx

Not from the prices he's been posting! It seems like he has a perfect partnership with this local dealer!

steine13

@xwesx
Bingo.

It runs hot and cold, sometimes he's too expensive, but good deals happen, and thank goodness it's all shoe leather...he rarely posts on FB marketplace, and never anywhere else.

When I see a car on FB that looks like a good deal, it's usually gone in hours. The cheap end of the market has been rough for years now.

expensivetobepoor

cheers -mathias

explorerx4

One of my kids went on a trip with my wife and left their 2013 Escape here.
I've been cleaning it up and it's looking pretty good.
It's pretty much had dealer service every 5K since new.
Some ad's popped up on my computer and I was surprised by the asking prices.
It's a totally loaded Titanium model and Carmax wants 13.5K to 14.5K with similar mileage.

xwesx

Poor lass is going to be surprised when she comes home from the trip and finds her car missing!

stickguy

I would do that to my daughter.

andres3

qbrozen said:

Yup. The numbers are condition.

Is their a strict rulebook on how the condition ratings are assessed? Are paint blemishes heavily weighed, or are they looking more at cigarette burn marks in the interior.

qbrozen

Not that I have been told.

steine13

I just popped in and noticed the block letters above.

Sorry about my 'expensive to be poor' shouting -- it was meant to be a hashtag. I do stand by the message.

A 12-year-old Ford Escape for $14? The only way anyone would do that sober is if it's packaged as a "monthly payment of $xxx" but then we're making payments until the Escape is old enough to drink.

A new Civic hatch, which has the same functionality, can still be had for $30 OTD. I'll take the first 13 years to pay off the first half of that amount, and then I'll be in the same situation

cheers -mathias

oldfarmer50

steine13 said:

I just popped in and noticed the block letters above.

Sorry about my 'expensive to be poor' shouting -- it was meant to be a hashtag. I do stand by the message.

A 12-year-old Ford Escape for $14? The only way anyone would do that sober is if it's packaged as a "monthly payment of $xxx" but then we're making payments until the Escape is old enough to drink.

A new Civic hatch, which has the same functionality, can still be had for $30 OTD. I'll take the first 13 years to pay off the first half of that amount, and then I'll be in the same situation

cheers -mathias

Two years ago my son’s 2010 Fusion was going for $14-16k with low mileage. General retail ask today with similar mileage is still about what we paid in 2020. I guess Carmax hasn’t gotten the message that the pandemic is over.

explorerx4

I'm very happy with how this still looks after close to 12 years.
Hasn't been waxed in over 8 or more years.
I did hand wash it today after taking it to car wash last week.
Plan on waxing it tomorrow.

explorerx4

One coat of Meguiars Cleaner Wax followed by one coat of Adams Buttery Wax.

therealbofa

Hello - can you help me with a trade value?

2022 GMC Yukon AT4 in Onyx Black
25,500 miles
6.2 V8
Premium Package
Technology Package
Zip 34715

Thank you

corvette

@therealbofa - 2WD? 4WD? 6WD?

therealbofa

@corvette said:
@therealbofa - 2WD? 4WD? 6WD?

Sorry, AT4 only came in 4WD

Michaell

therealbofa said:

Hello - can you help me with a trade value?

2022 GMC Yukon AT4 in Onyx Black

25,500 miles

6.2 V8

Premium Package

Technology Package

Zip 34715

Thank you

Condition? Color (inside and out)? Any runs, hits, or errors?

therealbofa

@Michaell said:
Condition? Color (inside and out)? Any runs, hits, or errors?

It’s clean. No dents or dings and I’m meticulous about the paint and interior. No errors or mechanical issues thankfully. Exterior is onyx black and interior is the AT4 two-tone black leather with brown accents. Does have aftermarket wheels.

therealbofa

All words and no pics- here ya go

qbrozen

Low $60k range. Like 61, maybe 62 on a push.

Have you tried getting any online bids from the usual suspects?

corvette

therealbofa said:

Sorry, AT4 only came in 4WD

I assumed that, but then GMC's 2022 AT4 website appears to give specs for Yukons in general (which includes 2WD and diesel models), so they got me properly confused.

therealbofa

@corvette said:
I assumed that, but then GMC's 2022 AT4 website appears to give specs for Yukons in general (which includes 2WD and diesel models), so they got me properly confused.

I saw that too. The build sites are a little wonky on this one.

@qbrozen said:
Low $60k range. Like 61, maybe 62 on a push.

Have you tried getting any online bids from the usual suspects?

Thank you - I usually come here first then hit up the websites. Always appreciate the help here.

Tough part this time is I think I need to trade at the same dealer to get the sales tax offset but I’ll still use the numbers and see what I can work out.

jmonroe1

therealbofa said:

@corvette said:

I assumed that, but then GMC's 2022 AT4 website appears to give specs for Yukons in general (which includes 2WD and diesel models), so they got me properly confused.

I saw that too. The build sites are a little wonky on this one.

@qbrozen said:

Low $60k range. Like 61, maybe 62 on a push.

Have you tried getting any online bids from the usual suspects?

Thank you - I usually come here first then hit up the websites. Always appreciate the help here.

Tough part this time is I think I need to trade at the same dealer to get the sales tax offset but I’ll still use the numbers and see what I can work out.

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Maybe Florida is different but in PA you don’t have to buy at the same dealer to get the tax credit on a trade in.

Let us know what you buy and good luck.

jmonroe

therealbofa

Hey guys - finally getting back into my search for a new truck. Can you help me with an updated value for this?

2022 GMC Yukon AT4
4WD
6.2 V8
Onyx Black
31,000 miles
Premium Package
Technology Package
Zip 34715

qbrozen

If showroom condition and clean history, you could be looking at near $60k. If it has needs, start deducting.

krwest1

Looking for trade in value for a 2023 Honda Ridgeline Black Edition
Grey
15,500 miles
Zip 29588

Thank you.

qbrozen

@krwest1 said:
Looking for trade in value for a 2023 Honda Ridgeline Black Edition
Grey
15,500 miles
Zip 29588

Thank you.

$33k’ish, as long as no hits, runs, or errors and maintenance up to date.

Faze052988

Hi,

Any ideas on a trade in value?

2024 BMW M3 Comp XDrive
4,300 miles

Perfect condition

TIA

Michaell

Faze052988 said:

Hi,

Any ideas on a trade in value?

2024 BMW M3 Comp XDrive

4,300 miles

Perfect condition

TIA

What is your location?
Color (inside/outside)?

Faze052988

@Michaell said:
What is your location?
Color (inside/outside)?

11554
Portimao blue exterior
Fiona red interior

qbrozen

Tough one. Not many to compare to and the few I see are split between $82k and $86k. Let me know what offers you get. I’d expect $80k-$84k.

Faze052988

@qbrozen said:
Tough one. Not many to compare to and the few I see are split between $82k and $86k. Let me know what offers you get. I’d expect $80k-$84k.

Absolutely will do, thank you for your help

vehicula

May I ask: I'll soon negotiate a lease on a new 2025 Honda Accord Touring Hybrid in Massachusetts. This will be a 3 year/30,000 mile lease from Honda Financial Services. I will offer my Honda dealer as trade-in my 2021 Honda Accord Touring Hybrid with just over 21,000 miles. The car has some wheel rash, but aside from that it's in excellent condition. Never been in an accident, nothing aftermarket added. What do think my Honda dealer might offer as trade-in value? Thanks for your advice.

qbrozen

My guess is about $25k. Very few comps to go on, but that seems to be a safe bet.

Faze052988

@Faze052988 said:

@qbrozen said:
Tough one. Not many to compare to and the few I see are split between $82k and $86k. Let me know what offers you get. I’d expect $80k-$84k.

Absolutely will do, thank you for your help

After “shopping” around, most I got was 79k and I accepted that offer.

qbrozen

@Faze052988 said:

@Faze052988 said:

@qbrozen said:
Tough one. Not many to compare to and the few I see are split between $82k and $86k. Let me know what offers you get. I’d expect $80k-$84k.

Absolutely will do, thank you for your help

After “shopping” around, most I got was 79k and I accepted that offer.

Was that trade or just outright purchase?

Michaell

Had a long conversation with my best friend in CA tonight, and need to get some pricing ideas for a couple of used cars.

Back story - his aunt and uncle have moved to our hometown from greater LA, and are in the process of buying a new car (2025 Lexus NX350h, specifically). They intend to sell both of their existing cars - one is a 2012 RAV4, which my friend is planning to buy from them.

He, in turn, will be selling his 2004 Infiniti G35.

I have some details for the Toyota and the Infiniti:

RAV4 - we think it's a Limited V6, and it has about 75,000 miles on it. Green on the outside, and likely some shade of tan (leather) on the inside. His aunt has been pretty meticulous with the maintenance, so I don't expect it has any significant mechanical issues. One small scrape by a front fog light. KBB hit it at around $10K private party.

G35 - Base RWD; blue on the outside, and either tan or grey leather on the inside. It, too, has about 75,000 miles on it (!) - my friend has been driving his folks' 2008 RAV4 predominantly the last few years. Pretty good shape mechanically (he said it needs an oil change), but the paint has started to fade/wear from living outside all these years. KBB says around $5500 private party.

What say you? I thought he could advertise the G35 at $6495 or $6995 and take any offer that begins with a 6. $10K seems about right for a RAV4 of that vintage.

qbrozen

Is the RAV fwd? Because that would make sense. Although $10k is closer to retail. $9k-$9500 PP is more accurate. If it is AWD, kbb is quite low. That would be at least $13k private party.

How many doors and which transmission on the G?

Michaell

qbrozen said:

Is the RAV fwd? Because that would make sense. Although $10k is closer to retail. $9k-$9500 PP is more accurate. If it is AWD, kbb is quite low. That would be at least $13k private party.

How many doors and which transmission on the G?

Pretty sure the RAV is FWD, as this is CA.

4 doors and automatic for the G.

qbrozen

G is maybe $2500 tops as a trade. Of course, given its age, it will come down to condition. $5k would be a score for the seller, though.