Real-World Trade-In Values

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Comments

  • im_brentwoodim_brentwood Member Posts: 4,883
    Well...

    I saw where you mentioned that the 96 DeVille had 160,000 on the clock...

    $6,000 was if anything, generous! Miles like that kill those cars. A Nice one with very low miles is at best worth $12K... MAX.

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Well,

    Jags are now pretty much among the best. And the newer Volvos do have fiddly problems, but overall they are good cars...

    Now stop with the DC Stuff or you'll jinx yourself!! :)

    Glad ya like the board,

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Havent been there...

    Del Frisco's in Orlando (On Lee rd 1/2 mi W of I-4 in Winter Park which is north of downtown) is outstanding.

    So is Smith and Wollensky, Peter Luger's and my faves, the Palm Too and Manhattan Grille (formerly Manhattan Cafe) in NYC.

    In Orlando also Ruth's Chris in Winter Park and Morton's in Bay Hill/Dr Phillips area (Close to Universal and next to where I live.. but a Ruth's Chris is going up next door.. cool!).

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    When you say Brown... do you mean Like a Gold/Champagne or like a umm... Chocolate Brown?

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmmm....

    Tough call without seeing it...

    But $3,000-3,500 or so comes to mind if it's otherwise clean..

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    Here's my take. A 960 is worth about what a comparable year S70GLT or 850GLT is worth, within reason...

    Bill
  • rroyce10rroyce10 Member Posts: 9,332
    ......It sound's nice --- the miles are a great help --- and it's a Limited ( does it have the roll bar steps..? )......

    I have seen a bunch of these run in the last couple of month's....and they are in demand..
    Sooooo, if it is "clean"...and stand's tall..you are in that $22,000/$22,500 arena...

    Hope this help's

    Terry.
  • im_brentwoodim_brentwood Member Posts: 4,883
    What worries me is...

    It might be chocolate brown...

    Bill
  • spainspain Member Posts: 14
    What should this car that I am trying to sell myself be priced at:

    1997 BMW convertible 328i
    66,000 miles/automatic transmission
    Dark blue exterior/gray leather interior
    All service records. excellent condition. Garage kept. One owner.
    zip code 37064
    new tires
    No accidents or major repairs required.
    Thanks for the help!
  • carleton1carleton1 Member Posts: 560
    Touche' Excellent advice !!
  • carleton1carleton1 Member Posts: 560
    My friend's wife got a 1999 Maxima GXE 2 years ago and he has HATED it for 2 years as it has had problems (rattles, squeaks, "Service Engine" light coming on all the time, etc.). It had 26,000 miles and was in mint condition (even though he claimed it was a lemon).
    Traded it in on a 2001 Honda Accord EX 4 cyl 5 spd...BUT now wishes he had traded it in on a 2001 Chrysler Sebring 2 door! He said he got $13,500 trade value on the 1999 Maxima. Was he ripped off? A 2nd Honda dealership offered him only $12,800 on a similar 2001 Accord EX.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Exactly :) Be careful what you wish for...

    On to the Maxima....

    Umm... 99 GXE? Umm... the less said to him the better. I think he could have gotten another $1,500-2,000+++++++++ for it easily... If it's the model I am thinking of.. It ought to be worth $16K or so as a minimum....

    But remember you have to live next to the guy....

    Bill
  • stickguystickguy Member Posts: 53,162
    Bill: one other car I am considering (other than the '01 S80) is a '98 Infiniti I30T (cheaper, a bit more fun to drive). I still haven't completely given up on fun to drive (should just bite the payment book on a BMW)

    What would a reasonable retail be for a '98, 35K, Touring model, Auto, decent color? Not a certified car (private dealer).

    Also, saw another GS300, black with tan, usual options, 28K miles, at a Toyota dealer for $26,999. That a good price for black?

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • im_brentwoodim_brentwood Member Posts: 4,883
    Ummm...

    BUY A CAR ALREADY! :)

    hehehe... OK.

    I think $18-19K is fair retail for a low-mile '98 Touring. They're a good value and nice cars.. but... after looking at the S80 and 528i and GS300.. will ya be happy with one?

    And $26,999 for that GS300 is a steal if it's nice and isnt in some jerky equipment combo like No moonroof or no leather or something...

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Those I30s are doing about $16K at auction for a nice touring in your neck O the woods...

    Bill
  • mark192mark192 Member Posts: 9
    97 Pathfinder SE
    4x4
    AT
    leather, sunroof, Bose sound
    56K miles
    dk blue, orig owner, garaged, great condition
    all records
    Coastal SC location
    **I have it priced at $16,200 and no action.
    Please help...need a price check,
    Thanks!!
  • metmdxmetmdx Member Posts: 270
    You make a very good point re: supply/demand. However the only similarity to my Accord and a refrigerator is the fact that I'm in both way too often. I'm "one of those" who believes that when you spend a mere 25k for a car (which is what I paid for mine in '96 w/tax/tags/lojack/etc.- remember it's EXV6 4dr auto etc.) I take pretty damn good care of it. When it goes for it's spring detailing, it will look damn near as good as it did when I bought it. Between that and keeping all service records, including gas mileage at every tankful (yes, I am somewhat anal), I would hope/expect some sort of premium for something that's not like all the rest! (Or am I just nuts?)
  • stickguystickguy Member Posts: 53,162
    Yes, I need to get a car (as my wife reminds me repeatedly). The I30 may not be quite as much car, but the 10-12 grand in the bank is nice too.

    I decide on the Volvo tomorrow. May go look at the Lexus first (if it is still there) and compare back to back. It is loaded (leather, roof, CD changer). Saw it the other day, when it was listed at 32K.

    Even better deal non-certified since the powertrain warranty is 6 or 7 years.

    Actually, 8 K more for the lexus doesn't sound bad at all.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmm...

    Seems like a reasonable price. I'd say that it's about a $13,500-14,000 truck wholesale, so you're certainly not overpricing it. Although I'd try $15,950 only as it looks better...

    Although, if you're in a state (Im not sure in SC) where sales tax is about 6% and you get a trade-in sales tax credit... You may consider trading it. If you get $14K on trade, that's $14,840 or so including the tax credit...

    How are you advertsing it?

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    Believe me.. I understand the frustration...

    Thats why I think you ought to consider selling the car yourself.

    See, to guys like me and Terry it's another Honda Accord.. there's always a LOT of them floating around... and this is one with a lot of miles on it, no matter how nice.

    However, a car like yours... you ought to be able to sell it privately and really do well with it. Have you tried it? makes sense, particularly in your situation as I keep hearing about people having to order their MDXs..

    Bill
  • mark192mark192 Member Posts: 9
    I bought another car out-right so I can't trade. I am using the local newspaper and it is parked at the local Wal-mart...lots of traffic. SC has 6% tax but up to a $300 max. Where they get us is the yearly property tax...paid $400 last year. I called the dealer where I bought the car and he offered 13,500 cause there is a decent flow of 97s coming off lease..... I like your 15,9 idea. thanks for the advice!!
  • im_brentwoodim_brentwood Member Posts: 4,883
    Hmmm...

    Im not thrilled with I30s personally. A very nice car, and a very good value.. but... well.. they dont seem real special to me... Well, I take that back. I like them, but I'd MUCH rather be in a GS300 or S80.

    However, a 3-year old GS300 is worth, at wholesale, basically about what a heck of a deal is on a new I30...

    So, nicer as the GS is... It's a lot more money...

    I'd still lean towards the Volvo but I'm prejudiced.

    Oh, Lexus has a 6yr-70K powertrain warranty.

    Bill
  • metmdxmetmdx Member Posts: 270
    You may be right, but I'm kinda' stubborn though. I'm looking at it from the standpoint of trying to save on the sales tax. If I can get enough privately to cover the sales tax differential (and then some)on the trade then I'll do it. I guess there is a price for the "convenience" of the trade-in, but I didn't think it was going to be this steep.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Glad to help...

    For some reason a car priced at $19,995 will get 3 times as many calls as one priced at $20,000...I've tried it :)

    Tried the local AutoTrader?

    Bill
  • mark192mark192 Member Posts: 9
    I have the path listed via the online-Autotrader, but not the local version.

    Thanks again,
    mark
  • im_brentwoodim_brentwood Member Posts: 4,883
    The only times that I see where it truly is not worth it to trade your car is when we're talking an expensive car...

    Say you have a 2000 Lexus LX470 to trade. Those things can be worth close to $50,000.

    That's a $3,000 tax advantage.. and well... at that point you dont bother selling it yourself.

    Heck, when you get into exotics it's a wash really! (I have done some Bentley deals.. when you get a 2-year old Azure trade worth $220,000 then it is profitable to trade it in almost! but that is a very extreme example).

    Figure you could get $10-11K for it privately... I dunno.. but if you gotta order the MDX... it's worth trying...

    Bill
  • stickguystickguy Member Posts: 53,162
    Tough choice: 3 year old lexus/28k, rock solid reliability for $27,000, or a 6-mo, old S80, 22K for $30,400, ya take your chances. Or an I30 for $19,000 and money in bank.

    Which is likely to depreciate the least in the next 2-3 years, in case I get the urge again (and I will).

    All seem like good deals, and nice in there own ways, which is why I've had so much trouble making up my mind. At least if it holds value, I can always make a change without losing the old shirt.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • qbrozenqbrozen Member Posts: 33,699
    Have you driven the I30? I would think yes, but I was just checking. Last time I was out looking, I drove a 3.0 CL first. Then, when we couldn't agree on terms on that car, the dealer pulled out an I30 because it would be a little cheaper. I drove that (probably about an hour after the CL) and absolutely hated it. I mean, it was smooth, but nowhere near the handling of the CL. I felt like I was on a bad boat ride. Just my opinion.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • 98monte_ls98monte_ls Member Posts: 117
    Are those famous auto auctions like manheim and the other one open to the public, for the public to buy? If the public can buy do we get the same wholesale price that you guys would buy it for?
  • rworrellrworrell Member Posts: 149
    I've shopped the Infinitis a couple of times and (aside from the fact that I'm disappointed in you for even looking at an auto-only model!) I was not impressed. They're nice and all, but even the touring package is no sports sedan. The steering is unbelievably light, there's a lot of body roll, and they just weren't much fun to drive. Plus, I couldn't shake the feeling that I was paying an awful lot to get a Maxima with a couple more horsepower and a lot more chrome...

    I know it's a lot cheaper than the others you're looking at, but how cheap will it be if in one year you realize you can't stand it.

    If you're willing to drive an auto, I still say that the Acura TLs are an incredible bargain (even if you have to pay full sticker, as many Acura stores are asking). Plus, they just came out with the Type S--sweet A car.

    It's your decision, of course, but I think you'd be settling if you got the I30 and, in the long run, you wouldn't be saving any money at all.
  • goralgoral Member Posts: 149
    Those auctions are not for general public... Only licensed dealers are allowed to enter them and buy cars. In my case, I went w/ my friend to one of those and picked the car I wanted...

    Bill/Terry - do you ever take any customers (be it friends/family/etc...) to auctions? I know it's illegal, and you could lose your license if you get caught...
  • andyis24andyis24 Member Posts: 4
    I posted to the Dealer Question discussion, but thought this might be a better place.

    I'm thinking about trading in my teal '92 Toyota Corolla LE as part of a new car deal. The Corolla has 94000 miles, A/C, sunroof, power windows/locks, cruise control, and AM/FM/cassette player. The car looks in good condition (paint, interior, etc), though there are a few problems upon closer inspection:

    1. Broken side mirror
    2. There's a leak somewhere that lets water into the passenger side floor area. We've tried to get it fixed, but it didn't stay fixed for long. The floor on that side has been damp on and off for the last year or so (Washington State gets a lot of rain).
    3. The power windows don't work very well, squeaking/grinding when they open or close.
    4. The car has various rattles and squeaks, though none of them seem unusual for a 10-year old car.
    5. The idle is rough, and the brakes are somewhat mushy (might need some brake work).

    One dealer looked at it, but I was surprised at how poor his inspection was. I could have evaluated a used car better than he did. It was almost as if he didn't really care about anything other than the basic specs of the car and its mileage. This was after we'd negotiated a deal on the new car.

    I wasn't sure if I should tell him the problems with the car, since he didn't even bother to ask. He offered $1600, which I declined.

    Any feedback? What is a fair trade-in price for the car? I know I could get more by selling it privately, but I'm willing to take a loss in order to avoid the hassle.

    ~Andy
  • div2div2 Member Posts: 2,580
    Guess you heard that things are hopping back in the old Bluegrass; about 90% of the die-hard UK fans are on suicide watch. Pitino accepted the UL coaching job and USC knocked the Cats out of the NCAA Tournament. They're on all the call-in shows moaning and whining. For them the Apocalypse is here. Too funny.
  • rroyce10rroyce10 Member Posts: 9,332
    .......Like Bill has said ---- Buy a car already ---- You are worse than my sister...l...o..l......

    Really though -- The GS300, at that price -- that's a great deal......I feel you would really like it...for a long time --- SO Jump..!
    That is a good Idea - to compare the Volvo/Lexus ...back to Back --- Both great car's ---- some say ...potatoe --- and some say put tat to'........

    Terry.
  • vabchmdxvabchmdx Member Posts: 2
    I have a 2000 Pontiac gunfire be coupe. It's loaded with everything except leather and power seats. The mileage on it is at 14700. All the blue book values tell me it's worth at least 10600-11500. We're trying to trade it in on a 2001 Acura DX. The first dealership we went to offered us 8500 for it. The second offered us 9700. Does a car depreciate that fast? It just seems awfully low for a 1 yr old car. Any help would be appreciated thank you.

    VabchMDX
  • vabchmdxvabchmdx Member Posts: 2
    it's a sunfire se coupe and it's a mdx i want lol
  • rroyce10rroyce10 Member Posts: 9,332
    .....They are the GM's Cavalier/Sunfire/Sunbird....Mystery car....And right now, a lot of them are going through the auctions....

    "Real money" - on that vehicle is a about -- that $8500/9000 figure ....So if someone is showing you more --- then that would be overallowance -- which means- they are discounting their vehicle to secure your busines ........

    You might to go back to that dealer...that "showed you" $9700.....That's a deal

    The sunbird's are plentiful...lot's of rebate's..etc.....So, I think --- I would be on my way if I was you....

    Good Luck....

    Terry.
  • stickguystickguy Member Posts: 53,162
    GS price was a typo: it's really $29,999.

    Did drive an I30 agian (base model). Not real exciting, certainly not as nice as Lexus/volvo. Guess you get what ya pay for. Audia (A4) much nicer, just too cramped.

    One question about the S80 (and this may be dumb): all of the lug nuts are rusty. I didn't see one other car on the lot that had the same problem. Has anyone seen this before? Car is 6 months old, but this seems really odd.

    Might be paranoia, but for 30K of my money, it better be perfect without any skeletons in the closet.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • jwilson1jwilson1 Member Posts: 956
    I just stopped by here and after reading the last 30 or so posts find that you folk may be able to help me think out one of my current dilemmas ....

    I'm trying to sell my '92 Miata via the web and the local auto-trader publication. It's what they called a 'C' pkg (later on became the 'M') and has 33k miles, and no snow (N.E.). As it's been my toy it's in close to perfect condition, one end to the other. In addition, I've added close to $4000 in goodies over the last several years, mostly cosmetic and no extra hp. except from an open intake box and a looser exhaust. The books range in value from $5300 to $6800 but of course don't know anything about the extras.

    So, a month ago I listed it for $10,000. Very little action. Could be I have the price too high, or that in all this #$*& snow buyers just aren't ready to think about top/down rides. What do you think?

    I do have one offer of $8500. Think I should grab it? Or hold on?

    Thanks for the opinions.

    TAke care.
    Joe W.
  • rroyce10rroyce10 Member Posts: 9,332
    .....It's a nice vehicle....But, you have a lot of competition --- especially at this time of the year .....

    Consumer's, look more toward's the sporty...and right now, the sport ute's are very plentiful....Food for thought --- I would thinkin', more towards that $15,500 asking price...and if you would like a quick sale....I would be at that - $14,950- price...

    Good luck....

    Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ......The convrt..that started it all again..!

    Wonderful vehicles....with a C pack...know them quite well --- Sold 61, in one year....Well anyway, .....not, to sound smart --- but if you can get $8500 for it right now --- cut that puppy from the herd...

    $10,000 is all the money in the world for a -- 1995 -- "M" package with auto..and the hardtop....

    Hope this help's.....


    Terry.
  • jtcpacejtcpace Member Posts: 5
    I have a 2000 Mercury Mountaineer v-8 w/7200 miles and in excellent condition. Kelly Blue Book has my truck valued @ $23000. I worked out a deal on a 2001.5 Volkswagon passat for invoice @ 23100. The dealer returned with a trade in value of $17500 using Galves wholesale book. I therefore walked out and the deal was dead. Is Kelly Blue Book Value correct or is the dealer manipulating the value of my truck using this unheard of Galves book.
  • rroyce10rroyce10 Member Posts: 9,332
    .......As you can tell by now --- I do go to a bunch.....this year already - 14 auctions --- they are lot's fun ...personally, I love them...I have had Used Car Mgr's ...come back after just a few hour's with tear's in their eyes...

    But anyway...........It's hard to get non-dealer people through...it's not that anyone is hiding anything ---- But, they do have this down to a science ....It may not look like it when you first walk in ..l...o...l...--- but they do..

    They also have to think about theft's ...un-guarded transfers and draft's.....million's and million's of dollar's in inventory......thousand's of title's in one day...down-graded account's etc....you can just about name it ..--- I give the girl's ( people ) a lot of credit for their job's ..every one from the detailers to the Auctioneer's ( well most of them..l..o..l...) .......

    But the question is ...Have I ever taken someone with me... --- and the answer is yes..in a very limited situation -- Depending on the auction ...--- sometimes you may just have a couple of hundred buyer's on a given day.... --- But like the Big Manheim PA..I go to on Thurs/Fri.....Gee whiz...You have thousand's -- I mean thousand's, it look's like an airport at Xmas week...and they have to watch -everyone-...they need to know if you are a buyer or seller...or both, where's your numbers..and vehicles etc..etc.....

    It still surprises me sometimes...when I just stand in a lane and watch a hundred people run past me .. to look at some vehicle to bid on ...

    Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... The book, that you are talking about is for a retail - asking - price......the most important word here being -- asking -- ...

    Remember...there is 3 prices - when selling any thing....
    1.) an Asking

    2.) a liking

    3.) and a taking price.....

    You can ask anything you like.....But, you would like to get ..abc

    And when it comes to bare bones....on any given day...you just might have to go with that taking price.......But, to get back to your question --- what's it worth.....Well, they are running at the auctions ..somewhere in that $17,000 to $18,000 range with all the toy's -- leather,V8, roof etc in a 2whl drive......If it's a 4x4 --- you are looking at $18,500 to $19,000.....Remember-- right now, there is a lot of dealer cash/rebates etc....because the new body syle will be out in 3 month's....

    I hope this help's

    Terry.
  • jtcpacejtcpace Member Posts: 5
    Thanks for your input. I double checked. Kbb has 2 settings one for Retail value and one for trade in value. The prices I mentioned are for trade in values not retail values. I now have another site verifying these t.i.v. NADA.com is stating just about the same values as kbb.com $23305. Retail at 25-26k. Where can consumers get these other wholesale prices which you are talking about. plus my mileage is low compared to the 18-24k miles which is avg. My truck only has 7200 miles. Thanks again for your help.
  • audia8qaudia8q Member Posts: 3,138
    Since we have a mercury franchise in the northest I can confirm Terry's numbers on the Mountaneer. Let me explain why the huge decrease in these units...

    Mercury is offering .9% financing for 60 mo plus a 1250 rebate on 2001 models. This adds up to apx $5000 in incentives.Then the vehicle can be bought somewhere near invoice. This is around 3500-4000 off of sticker. So from list there is a $9000 dollar reduction in the vehicles value. If you start at $33000 this means a value of $24000. Killing the value of 1999 and 2000 models the most. Why pay $23K for a used vs similar numbers for a brand new model? These types of huge incentives kill resale on newer used vehicles like yours. Every time the MFG gives us a tremendous incentive our used car depart goes crazy since you can often buy a new car for less than a 1 yr old used one.
    Mix that with a huge influx of off lease explorerer's/mountaneers, the bad press on the tires, going into spring and the market disappears overnight.

    also we have the totally redesigned 2002 mountaneers in-stock already so the wholesale market thinks as your 2000 model vehicle as 2 years old...wish I had better news for you

    Rich
  • trainiactrainiac Member Posts: 24
    A 98 528, everything except nav system with 28k, dealer maintained, one owner and not traded yet. Other one is a 95 530, same everything, no CD 48k, one owner, dealer maintained and not yet traded in. 13k for th 95, and 26k for the 98. Both garaged and in impeccable shape.
  • rroyce10rroyce10 Member Posts: 9,332
    .....The prices I quoted you, are from ..either by my one self experience....a long with a "black book".....which is a pretty good evaluation, on all the unit's that have gone to the auction's in that region..like NE / SE ..etc...

    All dealer's have them...and it break's down each manufactor with models and options...and how, they have done the week before.. --- The big difference ..is .. knowing how to read them --- and be able to judge what that vehicle "might" do on the retail end, if purchased.....A lot of mistakes can be made.....and they are.. because it's very easy to read some number's and guess..

    The real number's really work -- with experienced people that know when to go to "clean" end of the book....or go to the rough end ...or anything in between --- I see it every day....when some GSM from a large Auto group pay's $1500 more than he should on vehicle's ....which, is reflective to the dealer...and very reflective to the consumer's...
    Did you ever wonder why....when you read the Ad's in the paper --- and dealer A is pricing a vehicle at $15,000 and the dealer across town -- has the same vehicle - miles / option's etc -- for $1,500 less......Somebody didn't do their job at the auction...and fell asleep at the wheel - so to speak - and paid waaay to much......well it happen's everyday...

    That's why it is so important ( alway's ) ..to have a person that goes to a auction.......and know's what to look, feel and touch for.....

    Maybe this can help....

    Terry.
  • im_brentwoodim_brentwood Member Posts: 4,883
    Dealer Only.

    Only non dealer I ever took was my wife :)

    And, well, my dad once to pick out his XJ...

    Bill
  • im_brentwoodim_brentwood Member Posts: 4,883
    He wasnt far off really on the older Corolla.

    Basically, it;s old and a bit tired. And it's also pretty interestign what we can pick up on a car in just a couple of mins...

    I'd say $1,500-2,000 or so...

    Bill
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