Real-World Trade-In Values

dtwleungnyc

Have you seen the 03 Maxima? Granted, they look better in person than in picture, but still the 02 looks way better.

qbrozen

No, i haven't looked at either, to tell you the truth, but, regardless, we're here to converse on value. Fact is, no matter how good it looks, we're still talking about getting a car that is already facing a year of depreciation and 500 miles of abuse before it even finds its first owner. That affects the value a GREAT deal. Think about it, no matter what kind of a break the dealer thinks he is giving you on this "new" car, YOU have to deal with the reality that once you drive it off that lot, it is already a YEAR OLD. Not 1 day old or 1 hour old. When you try to trade that in in 4 years, its now a 5 YEAR OLD car. Ya get where I'm going with this?

I had a friend just do this same thing on a chevy pickup. He simply liked the '01 leftover. So, what does he do? He pays the same amount as he would have if he ordered a brand new one in exactly the color and trim that he wanted straight from the factory. I pleaded with him not to do it.... but he just had to have it. Hope he feels that way in 4 years.

mirth

My father bought an '03 Max SE, fully loaded except for nav, for $27K + TTL, so I think $26K is probably high for an '02.

woodyww

This may seem an odd question, but has anyone here ever been concerned about the possibliity of getting a forged cashier's check? I read an article in Forbes about 12 years about how easy it was for criminal types to do that even with the laser printers they had back then. Reason I ask; I may be selling a car soon ('88 BMW M6) for around $17K. I asked a prospective buyer to send me the serial # of the check before he drives up so I could call the bank & just verify that it was legit, & I think I may have ticked him off a bit. Should I just ask for cash--even tho $17K may be a lot for most people to feel comfortable schlepping around? This car has been my "baby" for 10 years & my instinct is telling me to be careful in this particular situation, altho I could just be getting those car buying/selling "jitters" that seems to happen to a lot of people.

BTW, both Terry, & Bretfraz gave me great advice on selling this car last Fall. I decided not to sell at that time, then spent the next 6 months looking at it sitting in the garage--man, you have to be dedicated to own something this impractical in New England. Maybe I'll get a 5 y.o. Volvo T-5 or Saab 9000 Aero after I sell the M6.......not quite as sexy, but fast & waaaaay better in the snow.

Thanks in advance for any advice!

zueslewis

you guys are thinking about the '04 Maxima and the body design change. The '03s and '02s are carbon copies.

rworrell

Hey, guys, I told you'd I'd report back--I got a great trade-in on my miley 101K V8 4x4 Dakota: $3000. That is, as Terry would say, ALL the money, I think.

No, it wasn't a case of moving money around to show more on the trade--I bought a Mazda Protege5 and I got S-Plan pricing, $1500 Mazda rebate, $500 Auto show discount. They couldn't have been hiding anything there. I think $3000 was a generous offer by them and I'm really happy with my salesperson and with the dealership.

That's it--just wanted to let you know the outcome. Once again, thanks for providing this service to the Edmunds community.

rroyce10

..... Ok, Ok .. calm down - besides the war, the most important thing in the world is going on, The Masters.

          All righty then, we have a 2000 "John Travolta" 2 with 16k, silver in color (leather.?) and I would guess its gotta be like new .. probably has $18,0 in it, maybe a little more, wants $22 .. with a great history, $20/$21 would be more like it ... The Civic is worth "around" $7,5, maybe $8 on a big fat push, TrailBlazers are kinda having a ho hum life, 30k is waay stiff, color is ok, worth maybe $18ish ...

            Let me know .......

              Terry.

rroyce10

.... Good for you ..! - you did good.

                Terry.

cusafr

Zeus beat me to it. The 2002 and 2003 Maxima are the same. A loaded 2002 SE with 500 miles should go for much less than 26K. Is this a 6-Speed? You know only the 6-Speeds have the helical limited slip as an option, right?

You should be able to by a 2003 SE or GLE with everything but Nav for around 26K.

My Opinion.

CUSAFR

rroyce10

..... You are welcome ~ how have you been .? - not so much the Cashiers checks, it's the Money orders by Harry Hinkys pawn shop, stick with the Amex, Post Office, etc, or a bank you know ..!

                Terry.

rroyce10

... Thanks for all the Email and, you ARE all very welcome, I just can't print everytime or I would miss my "All in the Family" shows .l.o.l..

              Terry ;-)

rroyce10

..... Hey Jason - The Protege's are another "best kept secret", new body design, well built, great warranty 3 years/50,000, lotta car for the money ..

       The 00 ES with a handshaker is worth around $6ish, so add a little this and that, let's say they are done at $6,5 .. a fair price for both would be "around" $8,0ish, $8,5 for the low milers 25k .. by the way, don't be afraid of any vehicle if it's nice, clean and a good history ... (if the price is right) ..

          Terry.

rroyce10

.... 96 GL with 130k ........ wow .... no rust, cold air, no 12lbs of bondo, everything works .. $2,495 in the paper and the first CASH buyer can take it home for $1,500 more or less ...

                 Terry.

jaserb

The Mazda dealership with the low miler got pretty grumpy when I suggested $8k - when I reminded them I could get a new LX with most of the stuff of the '00 for under 12k with the rebates he got pretty argumentative, so I left.

ANYWAY, I'm hooked up. Found me a ... get this ... '93 Sentra SE-R. 5 spd, air, cruise, and get this - 36k documented, no kidding, Carfax verified, honest-to-goodness miles! I've wanted one of these for years. I got it for $3600 - I feel like I stole it!

Thanks again,
Jason

woodyww

qbrozen; Just my 2 cents here, but have you researched repair/reliability issues with LR products? My advice, as a former Range Rover owner, is to get one with PLENTY of warranty left. Then there's the 12 mpg issue. But they do have good looks & gobs of "personality". Good luck!

steine13

- you HAD to gloat, didn't you.
You're a bad bad bad bad man and you'll pay for it in the afterlife... and it's probably worth it. 36,000 miles $3600, makes sense... good thing it wasn't 72,000 miles, you might have not been able to afford it...
-Mathias

qbrozen

don't worry about me. Calm as always. The masters? What is that? A basketball tournament of some sort?

ok, so we're talking 7,5 beans on the civic? well, better than i expected, but she still won't be happy. i think she'll have to finish her lease on it.

sorry to do this, but let me squeeze a couple more past you and see what comes out.
Do you see many '02 trailblazer EXTs going through auction? they seem to be a rare animal. I'm hearing "i want the third row seat" over here on this end, but the new '03s are definitely off the price radar. So i'm wondering if the '02s exist and what i might be able to pick one up for. gotta be an LT with the moonroof.

and, finally, just for kicks, howzabout an '03 Freelander S in blue with 4K miles? Dealer has a tag on it for $21,9.

blueseat

The taurus is located in southern pa.

Your advice is well taken about the marketplace.

That's why I wanted your advice...

Many thanks, Terry, I'll post results.

rroyce10

...... Hey hey hey, Great price, great vehicle, great miles .. Whatever you do, DON'T tell Mathias, he will have a heart attack -- Ooooop's too late ;-))

             Terry.

rroyce10

.... Good luck ..

woodyww

Terry, actually I thought those money orders from Harry Hinkys pawn shop were the best :-) Just shows why I need advice here! Have been doing well, thank you, except for barely surviving the Mass. winter.

Which brings me to my next question: I have a 2000 BMW 528iT, premium pck, cd, black/tan lthr.,16K miles, CPO warranty. GREAT car (I remember that either you, or Bill, gave me advice on doing the deal before I bought it). Great car, except for 2 things: driving in snow, (duh), altho it's passable with snow tires, & visibility: sometimes it's very hard to see around a corner when pulling out, or see over snow drifts, etc. because you're sitting down so low. So I've been thinking of trading it for an AWD vehicle: X5, MDX, or Volvo XC. I'm a bit worried about reliability with the X5 or Volvo--people seem to either have great luck with those, or are driven crazy by electrical & other problems. I like both tho, & the Volvos have such great seats. Audi's, I like, but am even more wary of. What's your personal take or preference on any of that, including the MDX? So far my E39 has not given me a minute of trouble. BTW what do you think it's worth now? Oh, & there's a new 5 coming out soon--not sure how that will affect the value of mine?

Also I talked to my prospective M6 buyer tonight--he sounds like a "live one"; I'll keep you posted.

thanks! woody

rroyce10

.... 4x4 02 EXT T Blazers, with 8/12k are doing around that $25/$26 range ..

           *- ('03 ..??) Freelander S in blue with 4K miles? Dealer has a tag on it for $21,9. **

          $21,9 ...? for an 03 ..? 4k ...?

             1.) check history

             2.) grab checkbook

             3.) drive to dealer (in a hurry)

             4.) grab Salesperson

             5.) duct tape him/her to desk

             6.) give money

             7.) sign proper papers

             8.) stop at Chart House for big dinner and enjoy both with sexy pics

             9.) don't forget to make first payment

             
              $21,9 ..? - 03's are doing the $25's at any auction in America.

          The Masters ..? Don't you know anything ...? it's those famous Lobster races they usually have in Georgia ... ;-)

                 Terry.

rroyce10

...... Nice vehicle, it's got all the stuff, and like Nooo miles .. $25/$26 on the trade side ..

        MDX's are nice, not much discounting going on, used or new .. I Do like those new XC90's, I feel there is a little hinky news propaganda on the Volvo's, there is just too many of them rolling around with 200/250k .. I do like the new Muranos/Infiniti's, X5's are expensive - duuuh , what am I saying, there all expensive ..

          The best thing you can do is .. get your top 4/5 list going, then go to the dealers, early am is best, drop your license and drive each one for an hr or so .. ya know, no salesman, your streets, hills, drive-ins, malls, Home Depot, Ambiance, Wal marts, Fredricks of Hollywood, whatever ..

           Like I always say ...

        Buy and drive what YOU like ...

                  Terry. (aah, by the way, let me know)

quicksupra

I will be trading in one or both of my toys for something new. What's the going trade-in price on
1)2000 Toyota Tundra SR5 4x4 LB,4.7 v8 ,pw ,pl, cruise,auto,dark red,13000 miles,near perfect condition.
2)1995 Toyota Supra twin turbo, 6 speed,targa top ,ac,ps,pw,pl,cruise,leather, 58000 miles,a few paint chips but otherwise mint.
Both in the philadelphia area.
Thanks

rroyce10

..... I'm guessing here, it's a Reg Cab .. right.? -- ok, it's a 4x4, V8, SR5, Auto and it has Itsy Bitsy miles .. based on what you are saying, it's nice - no accidents, no paintwork, no I hauled bricks around stuff .. so, based on what you are telling me it's about new .. so trade side, you should be seeing somewhere around the $16ish figure, depending on the dealer (it's a rare bird, but not a Xcab though)..

      Now the Supra is a real rare bird .. miles are a little tall and it better show like an 01, deep in sneakers, no paint work, seats look hovered in, service 100%, etc. You "may" "might" find a little problem with this one, they are few and far between and the books don't show the "real value" on em' .. so it's back to "depending on the dealer thing" .. it's gotta be worth $22/$24 if it's a nice one. I bought one from a dealer in Wisc in Dec with 41k and it was a baby doll, I ebayed in Jan for $26,9 .. so whats that tell ya, sometimes the dealer has no idea what it might be worth, you can email me if you have any other questions ..

             Terry.

kyfdx

Now, don't send me to my room, but are you sure on those numbers? The 'S' is the base model. I was looking at those last year (2002) and they only stickered for $26,500 and you could buy one for $24,000 brand new. I could see it, if it was an 'SE'. One of those runs between $30k and $32K
with all the options.

Sincerely,
kyfdx

rroyce10

........ "S" .. not an "SE" -- doooooh.! I'm going to send myself to my room .. duh, duh, duh, duh.!

      Sorry, watching the Masters and printing at the same time, plaques my little brain .. ok, - "03" Freezelander - "S" .. NOT an -SE- .. gheeeeez, that's like trying to drive a ball 250 yds with a 9 iron .. they are doing the high $18's, low $19's with low par miles .. fore .!

                Terry

mdsequoia

Terry thanks for the info. She is also looking at a 2003 coming off rental from Enterprise with 12-16k on the odo. No leather but roor etc. Sounds clean.

thanks again.

mbednorz

Whatta great deal, getting this kind of info from you and the rest of the dealers. Worth its weight in gold, 'specially since the "books" are kinda upside down right now.

If any of "yall" are ever in Houston, the drinks are on me.

Michael

qbrozen

Geez, Terry, and here I was at the Land Rover dealer signing the check when I read the updated posting. ok, ok, not really.

well, just for an update, the vehicle that has finally caught all the attention around here is the Honda Pilot. I'm certainly not one for new cars these days, but what can ya do? Tried to buy one yesterday but couldn't get anyone to step up on our trade or come down more than $500 off the Pilot. We'll keep trying.

Thanks, as always, for all the help.

* lobster races, huh? Yeah, be careful, I lost my shirt to a bookie on last year's event.

rroyce10

.. Oooh, that could have turned out kinda bad .. talk about a little "negative equity" .. whoo .l.o.l.

       Lobster races, no just kidding, actually the Masters is Large golf tournament thats being held in Augusta GA .. some guy named Tiger might take it .. again.

               Terry :-)

zueslewis

his worst major start ever - what's this world coming to??

anonymousposts

Sister-in-law just purchased this from a local Honda dealer:

2000 Accord EX V6 sedan
50,000 miles
Signet Silver (kind of a dark silver) over gray leather
Rear spoiler
Aftermarket fog lights
Interior is spotless
Exterior appeared to be in great shape (it was kinda dark though)

She paid $15,900 in Atlanta. Good deal?

jratcliffe

Hi guys,
  Considering a toy, want to know what my risk factor is should I decide I hate it:

2000 Honda S2000, Silver, 60k miles, Pennsylvania, Lo-Jack system, clean.

Thanks,
James

viper0074

Hi Terry,

We have a 1996 Acura 3.5RL with 140,000 miles. It's the base model (not Premium). The only option we have is the 6-disc CD changer.

There is one scratch on the front bumper and one in the rear bumper. The local body shop here in NJ said that they could fix both for about $300.

Let me know if you need any more info to come up with a trade-in value.

Thanks. I really appreciate how you help everyone here at Edmunds TH.

Peter

amadeus131

I've asked Terry about this vehicle before, and I think it's getting to the time that I have to make a decision about whether I'm going to trade it in or keep it until the wheels fall off. Which judging from the last six months of various expensive repairs, might be soon. And it still hasn't suffered The Big One, which I've heard generally happens in the transmission area of the anatomy.

The specs: 1999 Blazer 2-door 4x4 LS, standard equipment and power goodies plus towing package (never used of course), black with beige interior, 74200 miles (oof), tires and brakes have 1/3 to 1/2 their life remaining, some minor parking lot kisses but no serious dents or body damage, no rust on body (the undercarriage appears to have some surface rust in places however), no lurking freedom fries of which I'm aware. If I detailed it and had 4-5 minor paint flaws repaired, it would probably "look 2001", but from the KBB web site it seems that the best I could hope for on trade is in the low-to-mid $6k's. Am I close?

On the other hand, what if I decided to retail it myself (which I've never done before)? I'm in the Northland of St. Paul, MN, by the way.

Thanks in advance!

handsfree1

Just another big Thank You for your help on the 00 RL Acura (10k, real nice one) remember?

We put it in the paper for $27,900 and the 2nd looker/buyer bought it, a retired military gentleman from your neck of the woods. We had to wait a week for the balance of the money, but it all went smooth for $26,900. Now, she thinks she wants one of those convertible VW's, at this rate she's going to have us all drinking in no time.

A super thank you!
M.

scr2

Trying to decide if I should buy this car, excellent
condition, leather. 25k miles. Wells Fargo trying to maintain the price in lease end agreement, apprx 19K. Can anyone give me an idea of what they will get in the auction, if I do not buy it? Lease up in May.
stan2e@earthlink.net

rroyce10

... Kinda hard to say, miles are a little tall, but it is a EX V6 and it's clean .. so I gotta figure $13,5ish, a little service (CPO.?) a little this and that, so by the time they are done probably had $14,5ish in it, not bad, not bad at all ...

            Terry.

rroyce10

..... 60k - Ooooh, another person that needs to find a dating service close to home .l.o.l...

        Miles are stiff, but it's a Honda, if it's been cared for, service is all there, no AK 47's in the trunk, no paint work, tires are deep, looks and runs 20k, then they probably have $17/$17,5 in it -- spring has sprung up north, so I'm guessing they are looking at $19,900 .. I do hafta admit, these are nice vehicles ..

            Terry.

rroyce10

..... Hey Peter, where do you live ..? area can make a big difference ..

                     Terry.

spatulaman

Okay...I'm back....again. LOL. I can't decide what to buy. BMW M3s have piqued my interest, it appears the price has come down out of the stratosphere. What are they doing at the block? Prices around the internet are all over the board. I'm thinking 2001, black/black, coupe, with as many options as I can find, 20k miles or so.

Also, my mother is selling her Toyota Tundra, 2001, SR5, extended cab, V8, auto, PW, PDL, PS, A/C, cloth, keyless, fogs, 32k miles, black/grey, plenty of rubber, meticulous records (every gas fill up even) but the best part is, its in East Texas, let's assume it looks near new...even though its going to need some touch up getting there.

Thanks!

rroyce10

.... Here's the good news, it's a 4WD and you say it's kinda ok ... here's the bad news, LS, it's a 2DR and it has lots of miles ..

           Seems like our boys at KBB have hit one, give those boys a cigar .. Hey, 1 out 5 aint bad, I gotta agree, somewhere in and around the $6's on a trade .. or, take a little trip down Retail RD, great detail, great 5 liner ad in the biggest paper in your area for $8,900 and let some nice Field Commander take it home for $7,5/$8,500 ..

            Good luck ...

              Terry.

rroyce10

...... Ya know, I gotta think you guys owe me about 10 real nice steaks about now - Whoooof, $26,9 .? she got A L L the money for that one .. Hey God bless her, but just get her off that VW convert, that's not why she sold that beauty ...

                    Terry.

rroyce10

... it's time to eat, gotta go see ya later ....

                Terry.

badger94

The Silverado is a 1500, 5.3L, 4wd, OnStar, locking diff, wheels, leather, CD/cass, dual power heated leather seats with driver's memory, extended cab, short box, four doors, but not a crew cab. Does that help?

Thanks.

akangl

I know we just bought the thing, but hubby's saying he don't want it anymore.....he wants an old beater for the woods. Sooooo, what's it worth? (he's probably gonna keep it, but he needs a reality check I think)

1994 Chevy K2500, x-cab, 7.4L V-8, auto, 4x4, 131k, new sneakers, black & red/gray, factory cab steps, in perfect shape for its age, looks like an 02 (and frequently gets mistaken for a much newer truck), no ff invations, looks great inside, smells good too, captains chairs, pwr everything, am/fm cass, cruise, tilt, ice cold a/c. Lots of recent work done to it and it runs like a 10k mile truck. We paid $11,995 for it 2 months ago and will own it free and clear in less than 30 days. Let's give hubby a reality check on his gas hog....I'm thinking its worth nothing on trade and around $9ish on the retail side.

It really is a very nice truck, no dings, scratches, or other problems, no wrecks either. I hate to see him get rid of such a beauty, but then again 9 mpg is getting a little hard to deal with, he wants a diesel.

44 days and counting until I get my Corolla.

ymiller

Just wondering about trade-in value and dealer pricing for a 2000 Volvo V40 wagon in Atlanta:

60K miles, automatic transmission, one owner
Pacific Blue Metallic exterior
Grey cloth interior
New tires
NO extras like sunroof or heated seats

Thanks for the info!

jbollt

Terry, before you say "drive what you like" hehe...I have a question...Looking at 2003 Camrys, both the LE and SE, and to a lesser extent, the XLE. Since the LEs are the garden variety (decently equiped, but still the high sales volume trim level) and the SEs are sold in MUCH less numbers....will one hold it value more in , say, 3 years?

In other words, will the higher number of LEs avail on the resale market in 3 years lower the value compared to the SE, which would be in much smaller availibility, or will there be much less demand for the SE, causing the values to be about the same? Confused yet?

Thanks!

lancerfixer

OK...so, the used lot of the local Chevy outfit (until recently, also the Volvo/Mercedes joint locally, until they sold that portion to some shysters in Iowa City...but I digress) has on its lot a '98 V70 GLT with almost exactly 60k on the clock. Standard GLT goodies (light pressure turbo, red over gray leather, cold pack, roof, etc.) and it appears to be in good shape. They're asking $14,500. That seems a good price; what kinda worries me is that I think this exact car was on their lot a year ago (I saw it at a tent sale across the street from my office.) There just aren't that many red V70s with tinted windows around here, ya know? So...is there something about this car that makes people want to stay away from it, or did it just fall through the cracks (this is a Volvo wagon in the middle of Iowa, after all.) What say ye...should I try to convince Mrs. Lance to trade the ol' 740 on it? (She's already made it quite clear we are keeping the Accord from here to eternity, even though it's a coupe and we've got a kid and...well, you know.)
Thanks.