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Real-World Trade-In Values

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  • kyfdxkyfdx Moderator Posts: 267,029
    I think you could get more... but, if you are happy selling it to your friend for $2200, I'm all for it... If it is as nice as you say, $2900-$3000 wouldn't take long, I don't think.... List it at $3495 and see where it goes..

    A one-owner EX with stick? You can't beat that..

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  • explorerx4explorerx4 Member Posts: 20,772
    ha ha, with a stick?
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • kyfdxkyfdx Moderator Posts: 267,029
    LOL.. yeah.. can't beat that stick with a stick.. :)

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  • 4xpy44xpy4 Member Posts: 6
    dallas texas
    1999 Ford Expedition XLT 4x4
    5.4L
    118k miles
    3rd row seat
    cloth
    black
    average condition (some hail dents in hood, few switches don't work, rear tires worn)
    clean carfax
  • volvomaxvolvomax Member Posts: 5,238
    Honestly, I would rate the truck as below average.
    So, trade in value in the $3000 range.
  • 4xpy44xpy4 Member Posts: 6
    understand. thx much!
  • joel0622joel0622 Member Posts: 3,299
    That truck may be a touch more considering your location. There is a large population of people in that state who want a big SUV but do not have the ability to finance a car because of there current status, but always seem to have a pocket full of cash to purchase a vehichle with, and are not afraid of 100K+ miles.

    Getting the dents in the hood popped and couple servicable used tires and you may be able to make a buck or two on that ride if you know some one further South who would let you post it for sale in there yard or something
  • robr2robr2 Member Posts: 8,805
    I saw a piece on the local news where some woman donated her used car worth $2K, & the charity's "agent" sold it at auction for $50, so the charity got $50, & she got a $50 deduction.

    Actually she was credited with a $50 charitable contribution which probably ended up as a less than $20 deduction.
  • qbrozenqbrozen Member Posts: 33,751
    hmmm... seeing quite a few of these around. I am assuming they are service loaners or something (i hope). anyway, i've piqued sis's interest, so she wants to go drive one.

    What would it be worth in NJ?

    '07 Dodge Caliber SXT. auto, antilocks, CD, power windows and locks. ~15k miles. Probably either black or maroon.

    '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

  • washtimwashtim Member Posts: 16
    2006 VW GTi 2.0T (new body style)
    2 door
    2.0-liter turbocharged, 6-speed manual
    FWD
    Red w/ charcoal and plaid cloth interior
    6,400 miles
    Package 0 (No options); but stability, ABS, power windows etc. were standard.
    Not a scratch anywhere.
    OEM tires/rims were removed on Day 1 and just reinstalled, so they're perfect as well.

    We've got a second set of rims with grippy summer tires (about 50% gone); i know a dealer wouldn't want them, but would they help on a private sale?

    Thanks much/tim
  • volvomaxvolvomax Member Posts: 5,238
    They are going thru the auctions between $12-12500.
  • volvomaxvolvomax Member Posts: 5,238
    Wholesale @ $18000
  • qbrozenqbrozen Member Posts: 33,751
    thanks, vmax. I guess maybe we should have jumped at the one demo the dealer would sell for $12,9. Oh well.

    my sis was being WAY too picky, so we wound up with a brand new one at invoice minus the $500 rebate. Also got $12k for her banged up '03 CRV with 59k miles that 2 other dealers we went to offered $11,500 for. So the final deal was a pretty good one.

    Now on to the brother-in-law with the banged up VW. (i think they should both be driving tanks!)

    '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

  • 4xpy44xpy4 Member Posts: 6
    fyi traded this past weekend - i ended up at $3500. i think i actually could have gotten more, but the odometer LED had a habit of flashing on and off. it chose the time they were looking at it to turn off. that was obviously a problem and so i caved a bit on the price.

    i hadn't bargained a lot on the price of the car we were buying and it was past closing time on Saturday so they went for my request of $3500.
  • victorasvictoras Member Posts: 2
    Nashville, TN
    2000 BMW 323ci (manuf 7/00)
    Coupe (2 door)
    2.5 L I-6; 5-speed manual transmission
    RWD
    ONLY 24,000 miles!
    Color: Titanium silver
    Major options: CD player, metallic paint
    Condition:
    --Excellent inside and outside (babied to the extreme; hand wash, hand wax, UV protectant on seats/dash, no eating/drinking inside car, etc.)
    --Tires will need replacement soon (due to cracking from age not tread wear)
    --Front brakes replaced 8/06; rear fine according to dealer
    --All maintenance on time and up-to-date
    Other: Comes with full BMW zero-deductible extended warranty until 6/08

    I'd really appreciate some help on this as I get very divergent values on pricing sites (KBB vs NADA for ex) due to the very low mileage. And the extended warranty obviously affects a private party price (but not trade-in since not transferable to dealer). Any ideas on prices? Thx so much!
  • volvomaxvolvomax Member Posts: 5,238
    Trade in is probably @ $12,000
  • ccasey75ccasey75 Member Posts: 1
    I'm interested in any opinions on RWTIV...

    Location: Midland, TX
    Year/Make/Model: 2003 Honda Accord LX
    Body Style: 4dr
    Engine: 4 cylinder, automatic transmission
    Driveline: FWD
    Mileage: 51,000
    Color: Silver ext / Black int
    Major Options: Front Side Airbags
    Condition:
    Ding/scratch on hood (1" x 1.5")
    Tires - 50% worn
    Brakes - Good
    Maintenance - Regular (Honda Dealerships)
    Other: Original Owner
  • volvomaxvolvomax Member Posts: 5,238
    Trade in between $11-11500
  • jwboycejwboyce Member Posts: 11
    Looking to sell one of our VWs, and I'm a bit surprised at the asking prices on autotrader (they seem really high, even for inflated dealer asking prices). Thought I'd see what you all think.

    Phoenix, AZ
    2004 VW 1.8T GTI 2dr
    automatic
    17K miles
    17in wheels
    Monsoon CD
    Cloth Interior is Excellent
    Exterior has two small dents (less than 0.5 inch)

    Extended warranty (with VW) through 04/2010
  • robbiegrobbieg Member Posts: 350
    Looking to trade/sell this car and was wondering what to expect.

    2002 Honda Civic LX
    2 door
    Auto
    Silver with black cloth interior
    72,000 miles
    Pittsburgh, PA
    In "average" condition. Definitely not excellent.
  • mazdax605mazdax605 Member Posts: 89
    Boston area
    2003 Dodge Ram 1500
    Quad cab 4 door,short bed
    5.7 litre hemi V8
    RWD
    48,000
    Atlantic blue/silver
    SLT,tow package,heated tow mirrors,limited slip,cruise,tilt,ac,pwr mirrors,pwr windows,cruise,remote starter,bed liner,cd player,running boards,17" wheels

    Interior like new,exterior almost perfect with only slight scratches,and dings(it's a truck)

    Tires: 2(two) sets including a set of 60% worn all season tires,and a 5% worn set of Nokian snow tires

    Brakes: new last year with less than 10k miles on them

    Recent oil change,and oil changed every 3-4k miles

    Minor accident before I bought it used last year that showed up on the carfax,but nothing major.

    Comes with transferable 7 year/70k mile warranty from chrysler with $100 deductible.

    Chris
  • volvomaxvolvomax Member Posts: 5,238
    Trade in @ $6000
  • volvomaxvolvomax Member Posts: 5,238
    Probably a $10,000 truck.
  • robbiegrobbieg Member Posts: 350
    Thanks volvomax.
  • jenny541jenny541 Member Posts: 4
    Hi, I'm in St. Louis, MO and have a 2001 Toyota Camry I'd like to trade in.
    LE V6 engine, Automatic
    4 Door
    77,100 miles
    White Exterior, Gray/Charcoal interior
    Sun roof, after market keyless entry system
    Condition: No mechanical problems, a few dings here and there, but paint is still smooth and shiny! A scratch on the bumper from the garage door closing on it. Just a scratch, no damage.
    Newer tires
    Up to date on Maintenace
    No insurance claims, damage, etc.

    Thanks! :)
  • mazdax605mazdax605 Member Posts: 89
    Did you pull this number out of the air,or is it based on something?Edmunds,and KBB say $15k,but I know it isn't quite that high,but a $5k difference is a lot.The mileage is low,and the truck is in great shape.I know with the gas prices being where they are it is tough to sell a vehicle that is not good on gas,but trucks are king around here.
  • qbrozenqbrozen Member Posts: 33,751
    good grief. it is always the same thing around here.

    volvomax is not buying your truck, neither is KBB nor Edmunds. Have you taken it to a dealer? Has the dealer offered you considerably more than $10k?

    If "trucks are king" where you are, then sell it yourself for $17k if you can.

    You asked this man for the trade-in value. He gave it to you. That is the money he would give you if you brought your truck to his store. That number is based on dealer auction reports.

    Why do people feel the need to argue about the value here? If you don't like the number, thank the appraiser for his time and move on. What is expected when arguing? Should volvomax raise his appraisal? Will that do anything to help the folks here in real life? Having an unrealistic expectation of their car's value?

    '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

  • mazdax605mazdax605 Member Posts: 89
    I wasn't arguing,and I am sorry if it came out that way,but I just didn't see how the value of the truck has dropped that much in the year I have owned it.I bought for close to trade-in value a year ago,and now I am being told it is worth $3k less than trade-in currently with only 10k miles on it in that time(well under the normal average).Again I am sorry,and I won't be bugging you anymore.Good day.
  • smittynycsmittynyc Member Posts: 289
    Volvomax,

    I'm hoping you can help out a coworker of mine. It's kind of a crazy story -- thieves sliced open her convertible top, lowered themselves into the car, unbolted both seats, and removed them without opening the doors, unrolling the windows, or triggering the alarm. This was on a super-rainy night, so the interior of the car is completely trashed. This happened right outside her house in a nice part of Westchester County, NY!

    I'm sure it's not even close to a total, but I figured it wouldn't hurt her to have a real retail value in the back of her mind just in case.

    Location: Westchester County, NY (northern suburbs of NYC)
    2002 Honda S2000 2dr convertible
    2.0 liter inline-4, RWD, 6sp manual
    Mileage: ~29,000
    Black exterior, red leather interior
    Major options: none -- just the standard S2000 equipment
    Condition -- excellent interior, good exterior (coupla scratches, a door ding)
    Tires: practically new
    Brakes: practically new
    Maintenance: faithful, up-to-date
    No prior damage/claims/repaints

    Many thanks.
  • robr2robr2 Member Posts: 8,805
    Don't take it personally. You got a price from a dealer on your vehicle - that's what it's worth to him. What KBB and Edmunds say isn't gospel unless they're willing to cut you check for that amount.

    It's 4 YO - almost 5 YO - truck competing in a huge market against other used trucks not to mention 2 brand new redesigns in the new truck market. It's got a 5.7 L engine and gas prices are spiking again. You're in Boston - as am I - and trucks aren't king. You see many of them but Outbacks, Accords, Camrys and old Volvos are king.
  • mazdax605mazdax605 Member Posts: 89
    Well I will chime in once more.I am not in Boston,but on the south shore where trucks are king.I only said Boston as it was the closest metro area to me.Also I was really interested in real world PRIVATE PARTY value more than trade-in.I guess I shouldn't have even posted.Thanks guys.

    Chris
  • mikefm58mikefm58 Member Posts: 2,882
    I'm not in the biz Chris, but I have seen wide differences between KBB, Edmunds, and auction prices, sometimes they're high and sometimes they're low. It sounds like your vehicle is one of those that KBB and Edmunds are higher than the auction prices. And that's what you'll get when you ask here. If for example you paid KBB trade in and that price is higher than auctions, then you'll get numbers like you're now seeing and you'll wonder why they vary so much.

    The folks in the biz here are very professional and I'm sure I speak for those not in the biz that we greatly appreciate them taking their time to post here.
  • erics6erics6 Member Posts: 684
    These guys are usually right on the money for trades. You can get a couple thousand more for private party. As has been said before, consumer book values are generally useless on most trades. Good luck with your sale.
  • joel0622joel0622 Member Posts: 3,299
    Minor accident before I bought it used last year that showed up on the carfax,but nothing major.

    That kills it from a Trade in standpoint. $10K is genarous. Here is why. What is the first question after "How Much" you all ask when you look at a used car? You ask if it has ever been in a wreck, second question? is it a one owner And if we can't answer no or produce a clean carfax then your trade is not worth squat, to me at least. So in the eyes of Joe Consumer you have a multiple owner truck that has been in a wreck Now if you want to sell it yourself where you can explain to the individuial you may do better
  • volvomaxvolvomax Member Posts: 5,238
    For what it is worth, I based the #'s on what similar vehicles were going over the block at Manheims.
    You have a truck in average condition, but with a bad Carfax.
    Wholesalers don't like bad carfax's, and neither do dealers, so I docked your truck based on that.
    Now, maybe in your part of the world average trucks w/ bad carfax's do well, and maybe I am a little low.
    But I'm not off by much.
  • volvomaxvolvomax Member Posts: 5,238
    Well, Kelley Retail is $21,000 plus a $2600 add for miles.

    Wholesale is around $17,000, so there is your spread.
  • qbrozenqbrozen Member Posts: 33,751
    sorry for being harsh, mazdax. its just alot of folks come here and get offended at what they hear. i took your post as one of those.

    '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

  • sav1sav1 Member Posts: 1
    Excellent condition in and out; blk/tan. Includes custom SR7 Plus system ($2K add-on), tint, 15600 miles, socal.

    I looked at KBB and Edmonds resale appraisers, but few dealers are selling few $K's below those numbers. advice?
  • drewbadrewba Member Posts: 154
    It's too bad the books tend to be so far off (and usually not in the consumers favor). When that happens, the buyer is going to think the dealer is ripping them off, even if the dealer is giving them fair wholesale value.

    I wonder what it would take to have a more accurate system.
  • meinwameinwa Member Posts: 4
    Hello,
    I am looking at trading in my 2002 C240.
    Spokane, WA
    4dr sedan
    6cyl auto
    RWD (I think)
    87,000mi (I LOVE to drive this car! I just need a bigger one) :)
    Ext: white Int: Java leather(full leather-no inserts)pwr seats w/ memory
    Condition is good for age of car. No scratches or dings. Paint is in good shape
    Brand new all-season tires + Gislaved snow tires
    Replaced battery in January 07
    Will need brakes soon
    Just had oil changed, realignment, coolant flush
    Regular maintenance at MB dealer
    6 disc CD changer
    60/40 split rear seat w/ ski bag
    rear window shade
    Was in a rear-end accident in 2005. No airbag deployment. Total damage: $5000.
    Thank you.
  • joel0622joel0622 Member Posts: 3,299
    I am sure this has been said here before but, you have to remember KBB, Edmunds, Black Book, NADA, your bank, credit union, etc will not buy your car. They will throw a value out there based on an educated guess, but when the dealer puts a price on it thats what they are willing to cash it for right now. Also allot of these consumer sites evaluation criteria is not to good and allot of times consumers are not honest with themselves when they evaluate there car. Just a few scratches, needs tires, and there is a hole in the seat, other then that it is in excellent shape. Or well its a 2002 model with 135K miles on it, its extra clean. No such thing as an extra clean high miles car.

    Here is what is on page 1 of the Black book whole sale guide.

    1. Extra Clean- Like new for year model, perfect paint,no visible signs of wear, very low miles

    2. Clean-Very little interior or exterior wear, matching tires with good tread, mechanically sound

    3. Average-Visibly normal interior and exterior wear, still good vehicle with substantial service remaining.

    4. Rough-A vehicle with below average interior or exterior condition and/or one with excessive mileage. Limited serviceable remaining.

    75% of vehichles fall in to the average category. But what really drives the price of your trade today is what the market on them in the area you live. Right now the market in my area is good on Expeditions, if the gas keeps going up the market will fall on them drastically in two weeks. There could be a $1500-$2500 move on them between now and April 1st.
  • qbrozenqbrozen Member Posts: 33,751
    '04 Cayenne S tiptronic AWD (that would be the non-turbo V8).
    White on ... looks brown (they call it sand beige)?
    25k miles. loaded up, of course. Navigation as well.
    in NJ, as always. :)

    we still got some time with the wife's Pacifica, but we were discussing "what next," and this came up as a topic of conversation, so I'm curious. Thanks!

    the lease residuals would lead me to believe these depreciate harshly, but the asking prices say something entirely different. So my guess is auction prices are far less than most shoppers would think.

    '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

  • cdnpinheadcdnpinhead Member Posts: 5,618
    "I wonder what it would take to have a more accurate system."

    Not much. Auction values are the deal. If the various auctions across the country published the paid values on a daily basis, much of this back-and-forth would go away.

    It'll never happen, for a variety of reasons. Several of us miss Royce, but his data all came from auctions. Color & location matter, among other things.

    Most web sites don't exist to give discouraging information, so I don't expect to see any of this available anytime soon.
    '08 Acura TSX, '17 Subaru Forester
  • jlawrence01jlawrence01 Member Posts: 1,757
    Not much. Auction values are the deal. If the various auctions across the country published the paid values on a daily basis, much of this back-and-forth would go away.

    Manheim DOES publish weekly information on auction prices. Professionals in the business like Royce **BUY** the information (which is NOT inexpensive). If you are willing to pay for the information, you can have it at your fingertips.

    Furthermore,like most information, it is great IF YOU KNOW HOW TO INTERPRET IT. Auction prices is an important factor in the cost of a used car. However, you have to also consider the costs of reconditioning AND the market conditions. This week it was 60F in Chicago. I bet you the cost of a Corvette Convertible is a bit higher this week than it was three or four feet of snow ago,

    Personally, while I buy the Black Book, I cannot justify buying the auction data as I dispose of perhaps 10 vehicles a year.
  • qbrozenqbrozen Member Posts: 33,751
    '06 E500 4matic automatic wagon.
    5600 miles.
    platinum blue over ash leather.
    heated memory seats.
    i don't see a moonroof, oddly enough.
    certified and dealer is asking $46,900.

    '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

  • goliver22goliver22 Member Posts: 1
    I am looking at a longer commute and would like to get a higher MPG vehicle. What is a reasonable value for the following:
    Greater Los Angeles Area
    1998 Volvo V70 Wagon
    Inline 5 normally aspirated engine, A/T w/Front Wheel Drive
    117950 miles
    White with gray cloth interior
    Good paint with several minor dings
    Tires replaced at 105K, brakes (pads & all 4 rotors) at 110K, all struts replaced at 110K
    All maintenance has been performed to date (Volvo dealer to 105K, good independent shop thereafter)
    No options

    Thank you for help.
  • volvomaxvolvomax Member Posts: 5,238
    What you have to remember is that u/c appraising is as much an art as a science.
    Even w/ tools like the Manheim auction reports, a dealer can still be wrong on a u/c.
    Dealers write down(meaning take a loss on) used cars all the time.
    There simply is no magic formula to determine exactly what your trade in is worth, and there never will be.
  • volvomaxvolvomax Member Posts: 5,238
    Another car w/ accident damage.
    Well, if it were unmolested trade in should be @ $12,000
    With an accident figure @ $10,000
  • volvomaxvolvomax Member Posts: 5,238
    Most Cayenne's are going over the block between $35-37000
  • volvomaxvolvomax Member Posts: 5,238
    Sell the V70 privately.
    A dealer is only going to give you $2000 or so.
    You could probably get $4-5000 privately.
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