Yeah knowing MSRP on both of those vehicles is worthless. Since you did not pay MSRP anyway. I would give you about 18k or so I think they nailed the value of that truck. As for the Kia That seems to fit my line of research too. Especially for a 4x2. Sounds like that dealer is pretty well on the mark.
I swear this is NOT for me! Its for a friend of mine who I don't want to see taken to the cleaners.
1998 Dodge Ram quad-cab, long bed, 4x4, 5-speed manual, cummins diesel, SLT, loaded up with the power stuff and such, no leather, running boards, spray in liner. Somebody also put backup lights on the bumper, kinda tacky, but ok. Truck is silver/grey interior, looks to be in pretty good shape. Has 110k on it. Dealer is asking $16,995, I'd really like to have some of what he's smoking!!
Sounds like he's in it around $7500 but then said they put a *couple thousand* in it for repairs. I'm thinking $12k is all the money on this beast! The girl is scared to negotiate and I'm 200 miles away at the moment, so trying to help her as best I can. Hoping to give her a target number and a number not to go over.
So, am I in the ballpark at least? Personally if I was her I'd keep looking, but I'm not her. :sick:
I wouldn't give that guy a dime over 12k. A '98 2500 with those options books at 13,500 at KBB! the 1500 is catching a pretty steady 12k+. 17K!?!? He is out of his mind.
He isnt wanting a another car.... We are willing to trade out our truck along with his truck for us to have a new vehicle... This will get him out from under the payment. We are all aware that he will be upside down on his truck but we are willing to let him pay us back the difference over time.
it really sounds like you've made up your mind ... but one last word of caution ... it is FAR better to be buried in something you love (as you said, he loves his truck) than something you hate (and might be more used and unreliable).
For instance ... let's say you buy an $8K used economy car. You then roll $4k negative equity into it. You now owe $12k on a used economy car that might be worth $6k as a trade-in as soon as you drive away. Not a pleasant scenario.
My last word on this ... I swear. KEEP THE TRUCK! he loves it, and that is very important when you are in upside-down situations. if you are willing to let him pay you back, then help him make the darned payments now and he can pay you back for THAT later. He'll be much happier paying you back for something he loves than something he settled on. Plus, you really aren't saving money in the long run. You are just ensuring that he will be upside-down longer in another car that he doesn't like.
'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
I agree with volvomax. If it were me I would MUCH rather be upside down in something that I loved, rather than be buried in something that I hated. There is nothing more aggravating than making payments on something that you are hopelessly buried in when you loathe just getting into in the morning. KEEP THE TRUCK.
Location: Midwest '97 Lincoln Continental Body Style: Sedan Engine: V-8 Driveline: FWD Mileage: 80K Color: Silver/Beige leather Major Options: Moonroof (not many options available) Condition: Looks good.. I'd say average to good Tires and brakes are good All dealer maintenance: up to date No body/paint work
Need a straight auction price... and an asking/getting price for private party.
...."I think he paid 25,400 for it. His pay off is a little over $23,000. He loves the truck but will not be able to afford to keep it when he goes back to school. As his parents we are trying to figure out the best way to help him. He has tried to sell it with no luck so we thought if we traded in our suv at the same time he traded his, we could roll them into one new loan in our name. Our pay off is around $8000 on our truck.IDK what else to do"......
Assuming you can't sell the car at the desired price, another option with an upside down loan is to bite the bullet and make as large a payment as possible toward the principle balance.
Depending on the bank, after you send them a check for say $3000 to $5000 or whatever amount you can afford, you will have the option of keeping your monthly payments the same and speed up the payoff time or getting a lower monthly bill. A few months down the line, you do it again and all of a sudden you are not as upside down as before.
Being upside down stinks, but don't fall into the trap of rolling it over !
Think your NADA guide is only a few months out of date? I was going through some old pictures of a long deceased family member and found a NADA guide from 1948. Glue in the binding is starting to wear thin. I may take it up to the Auburn Cord Duesenberg Festival next year for the swap meets and see if anyone wants to part with some green for it.
2004 Chevy Silverado 4x4 Reg Cab 8 ft bed Work Truck (no power windows, locks) Dark grey 6 months left on warranty Automatic Bedliner 12,500 miles Baltimore, Maryland 4.8 V-8, A/C, Tow Package Interior has no rips or stains; exterior has no dents or scratches
Again I apologize for not seeing all tha is requested to help me out...I a noob here! Thanks again.
Location: [city/state or nearest metropolitan area] Orlando Year/Make/Model: 2004 Body Style: [2dr/4dr/wagon] 4dr Engine: [3.5 liter, 4/6 cylinder, auto/manual] Auto Driveline: [FWD/RWD/AWD/4WD] FWD Mileage: 36k Color: [exterior/interior] white / tan Major Options: [alloys, sun roof, etc.] moonroof, 6 cd in dash Condition: good - Exc. Details of interior and exterior, including dings, scratches etc. no dings Tires - new or % worn - new tires in Nov. 06 Brakes Maintenance - all services done - no maint issues Other: Indicate prior damage/insurance claims, repaints, etc. no accidents
#1 1995 Honda Accord EX sedan 4 cyl Auto 60K Black/grey Alloys, Sun Roof New brakes/rotors, new exhaust system Tires 10-15K left Interior: Super clean Exterior: Some dents/hail damage Full service records
#2 Grey/black 2002 Acura 3.2TL 48K Interior: Super clean Exterior: Super clean Full service records
Looking to trade or sell privately. Thank you in advance!
Looking to purchase 2003 BMW 325i 4-door with 115k miles - Atlanta, GA - Grey/black, auto, sport package, moonroof, pwr-heated seats/mirrors. - New brakes/tires, clean inside/out, no dings/bodywork - Clean car fax report
Well that depends a lot on whether you are planning to purchase it off of a dealers lot or you are planning to buy it privately. I would be very wary of a '03 Bimmer with 115k miles on it. BMWs are very finnicky with high miles on them and they are not known for their reliability over 110k. I mean whoever had it before put 29,000 miles on it a year! Here is what I would pay:
My guess is that the car should cost you somewhere between $9-12,000 depending on whether it is private party or dealer. However, you should have plenty of $$ leftover for maintenance and repairs.
I would like trade and private party sale value for:
Spokane, WA 2000 Toyota Sienna CE minivan FWD 59,000 miles White, gray interior Only option is alloy wheels Good condition for a 7 year old van. The exterior has a few tiny paint chips and scratches. The interior has some scrapes and scratches as well. Tires are MIchelin Hydroedge with 20K miles, they look good. I'm also including 4 steel wheels with Yokohama Guardex studless snows. Mechanically fine, everything works. No accidents, damage, etc. Always garaged and maintained properly.
Most 325i's with 45k miles are selling for 29 - 30k off the lots around here. And I looked In his area for car listings on dealerships and they all seemed to say somewhere around 20k for that car with that many miles on it. But that price did seem really high so I gave you the quotes that I gave him for a reason. I did do research and about 60 min worth of it. I also do appraise vehicles.
Around here, the car you describe is $24K-$25K, if it is CPO from a BMW dealer.. and that would be asking, not selling price..
I just happen to be familiar with the market for that car, because I sold one last year, and that is where my interest lies... Where I live, the value of a BMW drops off a cliff, once it passes 100K miles..
regards, kyfdx (who won't be shopping for BMWs in your town.. )
Comments
1998 Dodge Ram quad-cab, long bed, 4x4, 5-speed manual, cummins diesel, SLT, loaded up with the power stuff and such, no leather, running boards, spray in liner. Somebody also put backup lights on the bumper, kinda tacky, but ok. Truck is silver/grey interior, looks to be in pretty good shape. Has 110k on it. Dealer is asking $16,995, I'd really like to have some of what he's smoking!!
Sounds like he's in it around $7500 but then said they put a *couple thousand* in it for repairs. I'm thinking $12k is all the money on this beast! The girl is scared to negotiate and I'm 200 miles away at the moment, so trying to help her as best I can. Hoping to give her a target number and a number not to go over.
So, am I in the ballpark at least? Personally if I was her I'd keep looking, but I'm not her. :sick:
We are all aware that he will be upside down on his truck but we are willing to let him pay us back the difference over time.
For instance ... let's say you buy an $8K used economy car. You then roll $4k negative equity into it. You now owe $12k on a used economy car that might be worth $6k as a trade-in as soon as you drive away. Not a pleasant scenario.
My last word on this ... I swear. KEEP THE TRUCK! he loves it, and that is very important when you are in upside-down situations. if you are willing to let him pay you back, then help him make the darned payments now and he can pay you back for THAT later. He'll be much happier paying you back for something he loves than something he settled on. Plus, you really aren't saving money in the long run. You are just ensuring that he will be upside-down longer in another car that he doesn't like.
'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
'97 Lincoln Continental
Body Style: Sedan
Engine: V-8
Driveline: FWD
Mileage: 80K
Color: Silver/Beige leather
Major Options: Moonroof (not many options available)
Condition:
Looks good.. I'd say average to good
Tires and brakes are good
All dealer maintenance: up to date
No body/paint work
Need a straight auction price... and an asking/getting price for private party.
Driven by a little old lady (my Mom).
Thanks!
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tidester, host
Prob $3500-4000 private party.
Location: Orlando, FL
Year/Make/Model: 02 BMW 530i
Engine: 3 liter 6, 5-speed Steptronic
Driveline: RWD
Mileage: 92k
Color: Steel blue, tan leather
Major Options: Premium package
Condition: Outstanding, no body/interior damage, all stock.
Tires: Replaced tires 10K miles ago.
Brakes: replace 15k ago.
Maintenance: Serviced by independent dealer, must recent work
Other: No accidents, non-smoker (car and driver ), always garaged. 2nd owner
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tidester, host
Assuming you can't sell the car at the desired price, another option with an upside down loan is to bite the bullet and make as large a payment as possible toward the principle balance.
Depending on the bank, after you send them a check for say $3000 to $5000 or whatever amount you can afford, you will have the option of keeping your monthly payments the same and speed up the payoff time or getting a lower monthly bill. A few months down the line, you do it again and all of a sudden you are not as upside down as before.
Being upside down stinks, but don't fall into the trap of rolling it over !
Manheim says $12-14000.
tidester, host
I was going through some old pictures of a long deceased family member and found a NADA guide from 1948. Glue in the binding is starting to wear thin. I may take it up to the Auburn Cord Duesenberg Festival next year for the swap meets and see if anyone wants to part with some green for it.
Normally, an '02 530i with low miles would pull $20K easy, but high miles is a killer on Bimmers.
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tidester, host
tidester, host
Year/Make/Model: 2001 Hyundai XG300
Body Style: 4 dr sedan
Engine: 6cyl Automatic
Driveline: FWD
Mileage: 48k
Color: Black/Black Leather
Car is in good/excellent shape no damage never accident paint looks good just minor scratches for a normal 5 yr old car.
What can I expect to get as a trade for a new vehicle
You have an average Hyundai, if it has a few scratches.
Trade in @ $4000
LOL. How true that is.
approx 35k miles. Orlando FL area
Thanks so much!
2004 Chevy Silverado 4x4 Reg Cab 8 ft bed
Work Truck (no power windows, locks)
Dark grey
6 months left on warranty
Automatic
Bedliner
12,500 miles
Baltimore, Maryland
4.8 V-8,
A/C,
Tow Package
Interior has no rips or stains; exterior has no dents or scratches
I think that's about it.
Thanks, in advance
Mark
'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
Location: [city/state or nearest metropolitan area] Orlando
Year/Make/Model: 2004
Body Style: [2dr/4dr/wagon] 4dr
Engine: [3.5 liter, 4/6 cylinder, auto/manual] Auto
Driveline: [FWD/RWD/AWD/4WD] FWD
Mileage: 36k
Color: [exterior/interior] white / tan
Major Options: [alloys, sun roof, etc.] moonroof, 6 cd in dash
Condition: good - Exc.
Details of interior and exterior, including dings, scratches etc. no dings
Tires - new or % worn - new tires in Nov. 06
Brakes
Maintenance - all services done - no maint issues
Other: Indicate prior damage/insurance claims, repaints, etc. no accidents
Chicago:
#1
1995 Honda Accord EX sedan
4 cyl Auto
60K
Black/grey
Alloys, Sun Roof
New brakes/rotors, new exhaust system
Tires 10-15K left
Interior: Super clean
Exterior: Some dents/hail damage
Full service records
#2
Grey/black 2002 Acura 3.2TL
48K
Interior: Super clean
Exterior: Super clean
Full service records
Looking to trade or sell privately.
Thank you in advance!
'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
$10-12 on the TL
Thank you!
- Atlanta, GA
- Grey/black, auto, sport package, moonroof, pwr-heated seats/mirrors.
- New brakes/tires, clean inside/out, no dings/bodywork
- Clean car fax report
How much should I pay considering the mileage?
Privately: $16,000
Off of a lot: $18,000
IMO, with 50K miles, you should be around $20K, at most..
So... with 115K? Under $14K..
That isn't from the books or auctions, though... But, I had an '03 325i that I sold just last year..
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My guess is that the car should cost you somewhere between $9-12,000 depending on whether it is private party or dealer.
However, you should have plenty of $$ leftover for maintenance and repairs.
Spokane, WA
2000 Toyota Sienna CE minivan
FWD
59,000 miles
White, gray interior
Only option is alloy wheels
Good condition for a 7 year old van. The exterior has a few tiny paint chips and scratches. The interior has some scrapes and scratches as well.
Tires are MIchelin Hydroedge with 20K miles, they look good. I'm also including 4 steel wheels with Yokohama Guardex studless snows.
Mechanically fine, everything works.
No accidents, damage, etc. Always garaged and maintained properly.
Thank you!
Around here, the car you describe is $24K-$25K, if it is CPO from a BMW dealer.. and that would be asking, not selling price..
I just happen to be familiar with the market for that car, because I sold one last year, and that is where my interest lies... Where I live, the value of a BMW drops off a cliff, once it passes 100K miles..
regards,
kyfdx
(who won't be shopping for BMWs in your town..
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Year/Make/Model: '02 ford focus zts
Body Style: 4dr
Engine: 4 cylinder(2.3?), 4 speed auto
Driveline: FWD
Mileage: 23-24k
Color: red/gray cloth
Major Options: alloys, sun roof, sport package, maybe heated seats
Condition:
interior and exterior look good.
Tires - good tread
Brakes - unknown
Maintenance - unknown