Real-World Trade-In Values

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Comments

  • acraftonacrafton Member Posts: 99
    Terry -
    An update . . .history - in dallas, 35K, auto, roof, leather, etc. in great shape, Silver/black, new tires. They were asking $14,900 which you (and I) thought was a good price.

    Took it out for a drive and to the local Saab dealer for an inspection. They said great shape, everthing works, all maint has been done, etc. . .

    I go back to the seller (small Euro lot) and they say how about $14,400. I say great and drive it home. . .

    Thanks
    Adam
  • stickguystickguy Member Posts: 52,006
    Terry: Thanks for the help on the 2001 Miata. I offered $11,500, and after hearing the used car managers tale of woe (he ran down his figures, and has 11,445.12 in the car) we compromised on 11,750. Pending my mechanics inspection tomorrow, it should be in the garage by EOD. An early Thanksgiving present for me, and won't my wife be surprised.

    What the hell, I could probably sell it in the spring for what I paid for it anyway, so what's to lose?

    Also, I apologize early to everyone in NJ. I probably just guaranteed a cold wet winter. I really need a three car garage.

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

  • rroyce10rroyce10 Member Posts: 9,332
    ...... Somewhere in and around the $15's ..

           Did someone forget their reading glasses today ..?

                            Terry ;)
  • rroyce10rroyce10 Member Posts: 9,332
    ..... **11,750. Pending my mechanics inspection tomorrow, it should be in the garage by EOD .. **

              Good job.! .. yep, you could sell it come spring and "maybe" even make a little cake .. Congrats, great little cars !!

             Hows that go again, Zoom zoom zoom zoom ..

                        Terry.
  • stickguystickguy Member Posts: 52,006
    Terry: If you approve, I feel good. If you ever retire, I won't be able to ever buy a used car again.

    I'm so excited by new wheels, I want to replace the rest of the fleet, but I don't think the budget will allow that, but I may look for a 4 seat toy of some kind to replace my Maxima anyway...

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

  • akanglakangl Member Posts: 3,282
    ***I'm so excited by new wheels, I want to replace the rest of the fleet, but I don't think the budget will allow that***

    stickguy.....What is it that Terry always says to me?? Stay away from the car lots!!!!

    We have 3 vehicles and its a struggle to know which to drive.

    Terry, I have a standing offer of $3200 on the Chevy from a car lot (same guy who bought my Escort) and another guy interested in it at $5k (if I'll take some payments).

    Keeping it is sounding better all the time.....it worked today and made $200 for us, hmmm, only costs $233 for 6 months worth of insurance. Course its begging for another $500 worth of repair work too.
  • ocean_shipperocean_shipper Member Posts: 70
    Terry, et al.

    What do you think about Carmax? Terry, what do you see them doing at the auctions that you visit?

    Love to know your opine!
  • bluestar1bluestar1 Member Posts: 112
    Looking for retail number on this truck which interest me greatly. Will like to know what I can/might offer the dealer.

    2001 LX470, white/beige, 70K miles
    loaded with Nav/ML, chrome wheels, heated seats, etc.
    Good condition (in/out), no visible dings or scratches
    in Texas (Houston)

    Dealer is asking $35K for it.

    Thanks
  • celkancelkan Member Posts: 27
    Terry, the crash cost about $12K to repair at the best body shop in San Diego. The hit was sideways, below the driver-side A pillar. Airbags did not deploy and the engine was undamaged.

    The body work looked perfect then and now (but there are chips from other cars on the doors now). The interior work looked very good then. Now, if you look carefully, you can see that the dash is lifting up 1/4in just under both A pillars. I think this is due to sun and Audi quality, not the crash. All instruments work perfectly.

    I hope this is enough info but do ask if you need more! Thanks in advance.
  • qbrozenqbrozen Member Posts: 33,317
    i must have forgotten my reading glasses. I thought $15s on that jag was with the repair history? Or is a good repair really no deduct at all?? I thought it was ALWAYS a deduct no matter how good of a job they did?

    '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

  • rroyce10rroyce10 Member Posts: 9,332
    ..... And God Bless all of our service people .!

                       Terry :)
  • dbgindydbgindy Member Posts: 351
    What Terry said.... and thanks to Terry and all the other pros who help folks on these boards.

    Duncan
  • nickeljnickelj Member Posts: 3
    Silver
    Black Leather Interior
    6 Spd
    30,000 miles

    Trade in value?
  • dbgindydbgindy Member Posts: 351
    Terry will need info. What condition? How are the tires? Is this in Denver? Any optional equipment?
    The more info Terry has the better his educated guess. :-)

    Duncan
  • vgvgvgvg Member Posts: 12
    I am considering buying from a private party a 02 GLE Maxima with 25800 miles, silver, black leather heated seats, Bose 6cd, 17" wheels, power slider. No traction control, no side air bags, no heated side mirrors, no NAV, no heated steering wheel. It appears to be in very fine condition. Service records reviewed and appropriate. Edmund's shows 17.5. I offered 17, seller states KBB is 19000 and is looking for 18+ range. What are your thoughts on this? Oh yeah, NE Ohio region. I really like the car and only wish it had the traction control, heated mirrors and steering wheel for our harsh winters.
  • nickeljnickelj Member Posts: 3
    Yes, it is in Denver.

    Excellent Condition
    Scheduled Maintance (4yr/50,000 Mile thru 11/2004)
    Audi Assured Warrenty (7yr/100,000 Mile thru 11/2007)
    Winter tires 30% worn
    Summer tires 70% worn
  • hightoptennyrxhightoptennyrx Member Posts: 23
    I don't know where else to turn, so I'm asking you smart folks here. I am considering buying a vehicle in Des Moines, Iowa. I live in California.

    I've read on this forum that there are professional appraisers who could appraise a vehicle for $200-300. That would surely be cheaper than a flight there to check it out.

    Can anyone direct me to where I could find an appraiser? I've started looking on the internet but haven't had much luck. Thanks a lot. Paul
  • suka_gsuka_g Member Posts: 11
    with 45K on it. All the options save electronic overdrive. Color is black. In Cleveland area. Tires need to be replaced, other then that -- appears to be in good shape. Does have a "fleet record" on it's carfax. Dealer has dropped the price to $13.9 (from 14.5 and 15 before that...) Is this a good deal, or dime a dozen?

    Thanks for sharing your wisdom...

    Suka

    ps. yes I've been looking for awhile now. you keep giving me good advice so I keep coming back. ;-)
  • photo_guyphoto_guy Member Posts: 24
    "..... And God Bless all of our service people .!"

     Yes. And don't forget our sales people, our F&I people, our fleet people, the guy who cleans the floors, the sales manager..... oh, wait....you probably meant "U.S. armed forces service people" not automotive service people!!! ;)
  • steine13steine13 Member Posts: 2,819
    Seeing as how Terry has his snout in the Turkey, allow me to chime in.

    I think the "LS" has the 3.8 liter engine.. in any case, that's the one to buy, prolly the best engine the General has right now.

    As far as price; this car can probably bought for $20k new anywhere between Lansing and Cleveland. So at $13,9 he's not doing you any favors.

    My guess -- and I'm not a pro -- is that $10 or so is all the money on this one. For bread-and-butter cars like this one, with dead-on average miles, I'd try Edmunds Private-Party value and not a whole lot more. Deduct for new tires.

    For whatever it's worth, locally there's an '02 with 65k miles, no equipmnt specified, that's been going begging at $8 for weeks...

    Happy Thanksgiving - Mathias
  • handsfreehandsfree Member Posts: 25
    And a very happy Turkey Day to you!
       Also we have some company over today and if they aren't talking about sports, it's about cars, so that means I have another question.
       Our uncle is looking to trade his 02 Infiniti I30, it's black, grey leather, sunroof, bose, 20k, clean, serviced by the book, non smoker, he does take care of his cars, the dealer is thinking $15, what say you?
       I hope I have all the info, because I will be stuck in the kitchen all day, so I won't have time to go to my room.
    Have a great Holiday and thanks again!
    M.
  • akanglakangl Member Posts: 3,282
    Happy Thanksgiving Everyone!!! I hope you all have a wonderful holiday season. God Bless our troops, they are the reason we are free to enjoy the holiday season.

    Now back to instruction my husband on how to get the turkey ready for the oven.....hehehe. I hurt my hand, so he gets to cook this year.
  • cusafrcusafr Member Posts: 184
    If it's an 02, it's an I-35. If it's an I-30, it's 01 or earlier.

    If it's an 02, $15 sounds low to me. Of course, I like Infiniti!

    cusafr
  • therealhiphoptherealhiphop Member Posts: 1
    Happy Thanksgiving!

    Terry, I've seen your name a lot in the different message boards and it sounds like you're the man!

    I am ready to purchase a 2001.5 / 2002 Passat, but I'm very concerned about all the problems and recalls I have read about. I previously owned a 93 Honda civic and it ran like a champ. I bought it used and never had any major problems, so I expect RELIABILITY. Unfortunately that car was stolen last Friday, thus, I find myself in the market for a car.

    I am looking for a change from the Honda style and like the new VW Passat design very much.

    My question is this: Does the 2001.5 GLS have the same (or more) problems than those reported on the 2002, namely the coil / wheel well, etc?

    I am looking to buy in the next week. Please help!
  • suka_gsuka_g Member Posts: 11
    I followed a link on this board to your article on buying a car a month or two ago and that's what kind of peaked my interest in the impala ls. (My Husband veto'd the Prism straight out) I've sent your link to his sis who is definitely in need of a cheap, reliable good car. Great info, thanks for writing it!

    I appreciate your response, and you've kind of confirmed what I've been thinking.

    I think I may end up waiting until 2004 and see what happens with the prices then. This car does have everything we want, but the price is at the top of our range and w. it needing new tires it just seems like too much right before the holidays.

    Thanks for your time and have a nice Thanksgiving everyone!
  • hightoptennyrxhightoptennyrx Member Posts: 23
    Just to give you my $.02 -- I've owned 3 Hondas and a 99 Passat. I was used to the routine, inexpensive Honda preventive maintenance and few repairs over 200,000 miles. My whole paradigm changed when I bought the VW. Maybe things have changed, but after the 4 free oil changes were up, the scheduled maintenance costs were more BMW than VW. Plus, all the interior and exterior trim that fell off and other problems -- I dumped it and said never again. You won't know how spoiled you've been until you stray to VW. This is just my own experience and opinion.
  • m3fanm3fan Member Posts: 30
    I'm in Canada and I'm investigating a possibility of trading-in my Corolla and I'm trying to estimate how much will I loose. :(

    It's a 2003 Corolla CE auto w/AC bought exactly a year ago with 17,000 kms.

    Any educated guesses?

    BTW, I am going to a dealer tomorrow and see what they say.
  • pdr3pdr3 Member Posts: 1
    Need value on a 2003 Honda Accord V6 EX Sedan. 40,000 miles, rear spoiler, pearl gray, gray interior, fog lights, excellent condition. Houston Texas area. Thx!
  • kubiakkubiak Member Posts: 5
    Let me post here too something I put on a Toyota board. Bob Rohrman in Lafayette, Indiana is proposing to give me $3,000 less than Edmunds and Kelly on a 2001 Malibu in excellent condition with 54,000 miles. I want to trade for a new Highlander. Does this seem right? Thanks.
  • driftracerdriftracer Member Posts: 2,448
    cars, people do.

    The Malibu is in every rental car fleet in the nation and is second only to the Cavalier to being the most "flooded" car in the market.

    There's also no such thing as a car in "excellent" condition at 54K. Read the NADA preamble and you'll see that "excellent" means the car needs nothing to be retailed and warranted by a dealership.

    When a vehicle is in an "overage" population, its value drops. Just like the Taurus, Focus, Grand Am, etc. Sorry.

    Another factor is that you're trying to trade a Chevrolet product at a Toyota dealership - major mistake. Try CARMAX or a Chevrolet dealer for a trade offer, or sell it yourself - you'll do much better.
  • steine13steine13 Member Posts: 2,819
    And while we're at it, the guides don't take off nearly enough for high mileage -- 54k on an 01 is pretty tall. Go to my site (it's in my profile) and click on "Valuation".
    To clarify, dr didn't mean "trade" at a Chevy dealer, he meant "sell outright". At least a good way to get a bottom line offer -- also, the Chevy dealer may be able to sell it as CPO and it might appeal to him.
    Either way, these ain't worth much... sorry. -m
  • kubiakkubiak Member Posts: 5
    Thanks for the reality check on my Malibu, which has actually been a great car for me -- more reliable than a Camry I owned. A follow up question if I may. If you press a dealer on the value of a trade, is it assumed you won't haggle on the price of the new vehicle, or will they give on both sides? Thanks again
  • jlawrence01jlawrence01 Member Posts: 1,757
    hope you had a great Thanksgiving

    I am getting ready to purchase a new 2004 Lexus Rx330 AWD with the Navigation System/Mark Levinson Audio Package for one of my drivers. I was quoted $42k for a vehicle that included the towing package, the 18" Aluminum alloy and the heated seats. I think I got a good price on the car. I am in the Chicagoland area.

    The driver is bulking at the towing package and the wheels as he does not think that they are necessary. My argument is that when you buy a luxury vehicle on the used market, buyers are looking for a loaded vehicle with all of the bells and whistles. And I am the one that is going to have to sell the beast at the end of the lease.

    Two questions:

    1) Am I right?
    2) What should I be able to sell the car for 36 months from now at auction and retail assuming normal wear and tear and about 50k miles?

    Terry, fire up your crystal ball!! (g) This is kind of a backwards question.
  • butchbr73butchbr73 Member Posts: 325
    hope you had a good turkey day... Terry is going to have a hard time answering your question about what it will be worth in x years with x miles. No one can tell what it will be worth, but as Terry has elaborated on before, Lexus' (most of them) typically hold their value fairly well.... Lexus' with 50k miles are a fairly easy sell. A good idea maybe to look at the market values of 3 yr old Rx300's, get a quick idea what they are selling for right now... its probably a good measuring stick to get an idea of what the Rx330 maybe worth in 3 years.

    About the bells and whistles, its probably true that it will be easier to sell if its got all the "bells and whistles"... but, be careful with a tow package if you have no intentions to use it, as it may scare some people off.... its get people thinking how big is that trailer/boat you tow?
  • prodigalsunprodigalsun Member Posts: 213
    Got a line on an '02 Maxima with the following:

    6 blade meat cleaver
    Bose
    Leather
    Power seats (driver and passenger)
    Slider
    Climate control

    Dark Blue, Grey interior
    21.5K Miles

    In the Seattle Area

    Thanks Man, hope you didn't have narcoleptic like seisures induced by OD'ing on triptophan like I did!

    Brad
  • buckeyedavepbuckeyedavep Member Posts: 3
    Any thoughts on what to expect on trade in for a 2000 Odyssey LX?

    52k miles, stone silver metallic, roof rack, new tires & front brakes in last 5k miles, average condition (small scratch on right front bumper, right mirror, typical wear in carpet) in Akron Ohio.

    Thanks for your help!
  • jeffreydjjeffreydj Member Posts: 4
    2000 Mustang Convertible. V6, leather, Stereo, premium wheels (replaced). Good tires, Cruise, Fogs, etc. (Loaded for 2000 V6 Convertible). Inside is perfect. Outside, has always been garaged, paint is clean and still shiney. A few minor dings. 51K miles.

    What can I reasonably expect? Would I be better of waiting for the spring? New Mustang debuts in October 2004, will my value drop drastically then?
  • draymond2draymond2 Member Posts: 134
    Terry, can you give me an idea on this one?
    Blue ext, gray leather interior
    66k miles, Original owner, main records
    5 speed, sunroof all of the goodies
    located in Georgia.
    owner states condition 8.5 out of 10.
    He is asking $4500.
  • rroyce10rroyce10 Member Posts: 9,332
    ..... So your playing out that "I hurt my hand, so I can't cook" routine .. that should get ya to about, what? Easter ... ? .l.o.l..

            $3,200 from the dealer.? .. that means it's worth at least $4,5/$4,9 "asking" .. I would think that you could get that $4,5ish for it ...

                        Terry.
  • rroyce10rroyce10 Member Posts: 9,332
    ...... Yep, they get the $$ and if you have the "Big" package, ML sound and such, it probably had a sticker of $45ish and you paid $42, than that's a good deal ..

             If it was $45ish and you paid $45, then you won't recover the money back ... stuff the Levinson, Navs, tow packs (if not used) are worth about 20cts on the dollar because of the leather, slider, bun warmers, in-dash cd's, now the back-up beep beep's are nice and the power door .. if you read some of the other posts on Edmunds everyone is going crazy over the Nav's on the Honda, BMW has had it for years and the buyers are bored with it, that's why they make it standard on the 7's .. but, like always say: Always buy and drive what you like.

               I never try to guess the future value of vehicles, but the RX has been stronger than the Presidents decision to visit our troops in Baghdad (God bless him!) .. CLEAN 4wd 00 RX's with miles in the 25/35k range are doing around that $21ish figure in your area, and probably seeing "around" the $25ish figure on the retail side ..

                      I hope this helps ....

                         Terry ;)
  • rroyce10rroyce10 Member Posts: 9,332
    .... **Terry, the crash cost about $12K to repair at the best body shop in San Diego. The hit was sideways, below the driver-side A pillar. Airbags did not deploy and the engine was undamaged.

    The body work looked perfect then and now (but there are chips from other cars on the doors now). The interior work looked very good then. Now, if you look carefully, you can see that the dash is lifting up 1/4in just under both A pillars. I think this is due to sun and Audi quality, not the crash. All instruments work perfectly.

    I hope this is enough info but do ask if you need more! Thanks in advance.**

                    _________________

             Wow, that's more than I needed to know .. gheeez, this should have been totaled, "crushed to the A pillar", that's not good news and I would bet the frame looks like a Snickers bar that been sittin' in the sun .. the dash is folding cuz' the vehicle was smacked so hard on the side.

              I really can't say because I can't see it, a good guess would be it's worth in and around the low low low low $3's, maybe.! .. it all depends on the finish work, but I have a feeling we are talking about a $2 grand car.

                          Terry :(
  • celkancelkan Member Posts: 27
    Hey Terry, thanks for the info! I think I'll go on driving it for another year--cheaper than any alternative :-)

    My guess is that the frame is ok because I drive the car aggressively and I haven't noticed any difference in rigidity, alignment, etc. between before and after the crash. The dash is lifting symmetrically on both sides and this didn't happen until many years after the crash.

    The quattro is still more fun to drive than anything out there that I know of for less than $30K--I love the handling and the power feels solid, even though the 0-60 time is worse than our Honda Pilot.

    Yesterday I tried the RX-8 and the G35 coupe. The G car feels heavy and the brakes and acceleration just seem jerky, not smooth. It's fast but not so much fun. The RX-8 is a lot of fun to toss around but it's just too small inside and outside for me.

    Maybe I should go try the current A4q again, but Audi quality does make me uncomfortable. Any opinions on the *current* quality of the A4 and the 3-series?
  • akanglakangl Member Posts: 3,282
    It worked!! He said next year he'll take me out for Thanksgiving so I don't have to cook.

    As for the darn Chevy, there's a guy interested in at $5k, but if he don't buy it we are going to keep it. I'm thinking about fixing it up, lifting it, putting big tires on it, and driving it myself. I HATE that Dodge, what a booger to drive, of course hubby loves the fact that I hate it.

    The guy at the car lot did offer to buy my Explorer, lol. I said thanks but no thanks. Ok he didn't offer, he begged me to sell it to him, lol, said he can't find nice ones like mine.
  • jims63139jims63139 Member Posts: 31
    Terry,
    Would love your input on the following:

    2002 WRX Sedan, silver - 5 spd, one owner, clean history, current dealer picked up at auction, 75,000 miles, (i know car history because i talked to original owner, highway miles from commute to work. Mobil 1 synth oil changes)

    AND

    2002 WRX wagon silver -Automatic ;( - had about 3K damage to driver side, all cosmetic, has new door skin and new fender, I'm pretty good, but not an expert, and I can tell it had body work (slight ripples in doors) - 15,000 miles

    THANKS!
    Jim
  • handsfreehandsfree Member Posts: 25
    I'm Bad. Sorry, I thought I had all the right info.
       It's an 01 and a I30T, not a I35, not a 02.
    Off to my room, besides I could use the rest.
    Lost in limbo, but Thanks!
    M.
  • prodigalsunprodigalsun Member Posts: 213
    You are the man, and if it weren't for you, I would have saved 500 bucks less! Just shows you how cars can be back of book (and Edmunds TMV).

    PS
  • akanglakangl Member Posts: 3,282
    Terry since Turkey day?? I'm starting to think he got lost in the turkey while digging for stuffing......or maybe he fell into the pumpkin pie. Hopefully we don't have to launch a search party.
  • prodigalsunprodigalsun Member Posts: 213
    I've been swappin' emails with him.
  • akanglakangl Member Posts: 3,282
    Well, that's good to hear, least he isn't lost in the turkey.
  • seank2seank2 Member Posts: 79
    Terry,

    This is for a friend to be a private party sale, which is the only way he's going to get rid of it...
    1993 Jeep Cherokee Country 2 wheel drive
    white over beige CLOTH
    4.0 6 cyl, 5 spd HANDSHAKER
    the Country comes pretty well loaded, but it has AM/FM/cassette, A/C, no slider
    And for the kicker, for which you'll want to put your coffee down so as not to spit it all over the monitor...
    247,000 miles
    It does, for whatever its worth, have a rebuilt engine AND transmission and a recent (10,000 miles) clutch.
    No paintwork, tires are brand new, no french fry invasions, although his kid has basically grown up in the back seat since it was bought new. (The kid is now 14).
    It is in very good shape for its age, and surprising shape for the miles. Runs very well, and no salt, since it started life in LA and has spent the last 8 years in Savannah, Georgia

    My friend, the owner, has it listed by owner, but wants to know if his number is out of line for this rig. What say the master?
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