Real-World Trade-In Values

paulhuang

Thanks for the help sebring95. I was not previously aware of the sale tax implications and that changes the picture somewhat. It seems that the sensible thing to do would be for us to do the lease assumption instead of them buying and selling the car to us. The second scenario seems to only benefit the state of California.

vgx

This thread netted me a cool $2k extra on a trade in a couple of years ago. I hope I can use the info here to boost a potential trade this weekend. Here's my vehicle

Central FL - Tampa Area
2004 Lexus RX330
SUV
3.5 L V6/Auto
Front Wheel Drive
36,000 miles (yay!)
Black Exterior (boo!), Gray Interior
Options: Came with Premium package, so there is leather all over the place, wood steering wheel and shifter, power everything (including tailgate), moonroof, roof rails, 6 disc CD changer
Tires were recently replaced and only about 5,000 miles old
Brakes are probably ready for replacement
As for maintenance, there have been no issues whatsoever and Lexus service people have been the only hands to touch this car under the hood.

The problems: There are a few bugs etched into the front end, 2 or 3 chips on the hood and a small scratch on the rear bumper from a shopping cart (it could probably be buffed out easily). On the interior, the only negative is that the storage compartment on top of the rear seat armrest is broken.

So what could I expect as a trade in value? Also, is there any bonus value in trading with Lexus? I'm pretty certain they would classify this as a certified vehicle since there haven't been any accidents, repaints, issues. And one last question... how much of a drop off in value would there be if we waited until December to make a move?

Thanks in advance, this discussion thread is extremely helpful and I really appreciate any time and assistance you can offer!!

im_brentwood

Well let's see here... hit me right off the bat at $23k, and they're doing that or more at the sale. No Nav or anything, but still... I don't think Black hurts it in FL as much as you think.

Terry, whatcha think?

will42

The sticker on the 2008 is $47,640. Options are 6 speed automatic and the performance rear end, that's it. The 2008 has a improved motor (more horsepower), faster shifting automatic trans, improved steering, some upgraded interior pieces, and auto dimming mirrors. It cost less than $3,000 to go from a 2007 to a 2008. I ordered the same color so the car is identical on the outside except for new wheels.

jlawrence01

I recently sold a 2004 Rx330 with 54k and a Nav system for $26.5 net of auctions fees a four months ago.

im_brentwood

...and a Nav system....four months ago.

They have come down... the 400hs are getting very popular and a lot of them are hitting the market.

And then there's the Nav thing...

cusafr

Volvomax: Why spend $2000 on a CPO? Is it because one will need it or just a precaution because of the possibility of high maintainance cost? I really like the looks of the S60 and S80 (also the Jaguar X-Type) but the more I read the more I worry about maintenance cost. I have had Hondas for years with no problems at all. I'm not sure if I can ask on this board about your dealership/availability of CPO Volvos? Scottsdale is only a days drive away and I am retired...(Retired Military Discount?)

OT: By the way, it burns me to no end that Ford offers a rebate for Military but does not include retired personnel.

Thanks,

CUSAFR(Chief, United States Air Force, Retired)

jlawrence01

To be honest with you, I was stunned to see a $26.5 settlement from the auction ... I had assumed that the $6k paid for the Nav system was "lost" forever. Also, I was pretty surprised at how dirty the unit was.

vgx

Somehow, I figured not having nav would come back to bite us someday. $23k isn't too bad. If anyone has any additional input to offer, I'd love to read it. Thanks for your thoughts and for the fast reply!!!

jlawrence01

You paid about $35 for the vehicle new, didn't you? The Nav system would have set you back about $6k. I wouldn't buy it unless you would really use it.

woodyww

Volvomax: Why spend $2000 on a CPO?

I'm not Volvomax, but I'll try to give a semi-helpful answer:

Have you read the owner's reviews on S60's and S80's on edmunds? With Volvos, there seem to be a fair # of people who are driven nuts by lots of problems (often small ones), & others who run up 100K w/o hardly any problems.

Definitely get the service history on any used one you're looking at, + a carfax, & any other research you can think of. Also: is there a good Volvo dealer in your area for service? And/or any good indie Volvo mechanics for when it's out of warranty?

FWIW, my ex is on her 3rd Volvo w/o any unusual problems. Including a '95 850 she bought used & ran up to over 100K.....but yes, get the CPO, esp. if you're new to European cars.....

ateixeira

Minor typo but that's a 3.3l V6, not 3.5l.

The 2GR 3.5l engine came a few years later in the RX350 models.

I'm sure it was just a typo, but there's a 40hp difference or so.

cusafr

Yes, I have read the reviews. That's why I'm starting to have second thoughts. I love the looks of the cars. They are more expensive then many others and one would like to think more reliable. However, that may not be the case. I guess too many Hondas without problems makes one laxidazical. Now I don't know what I'll do.

cusafr

volvomax

CPO is more than just a warranty.
The warranty is only about $1200
What you are paying for is the reconditioning necessary to get the warranty.
Your average dealer won't do more than a safety and smog inspection and put the car on the lot.
CPO cars have to pass a 130 point inspection,and anything below 50%,brake pads,tires, etc has to be replaced.
Next, you get a warranty for 2yrs or 50,000 miles that is good at any Volvo dealer in the country.
Finally,there are special APR's for CPO cars that are better than most bank rates.
Believe me, a CPO car is THE way to go.

british_rover

You beat me too it. Also the Volvo Extended warranty has no deductible and I also think it continues the road side assistance and trip interruption service.

My boss has a S80 that he bought as an out of town trip car. He has used the Extended Warranty a couple of times and it has already paid for itself. He has had the passenger seat motor burn out, an engine mount start to fail and something else. None of that took the car off road it was all just annoying stuff but the total repairs were around 1,500 dollars.

ateixeira

I know that Subaru will accept Subaru Bucks (which you earn using a Subaru Chase Credit Card) on a CPO purchase but not on a used purchase. That's another factor.

I have $1100 saved up so that pays for half the difference right there.

BMW, VW, Ford, and GM I believe have similar cars where you can earn discounts on cars. Not sure if you can use those for CPO, but probably.

im_brentwood

BMW Gives BMWCCA Members rebates if you buy a CPO car.

cusafr

Well, I did not know that! That is more understanding.

Thanks,

cusafr

steine13

BMW Gives BMWCCA Members rebates if you buy a CPO car.

What about CCBA? Any discounts there?

-Mathias

im_brentwood

Only on Certified 518td Automatics... you do get your choice of 18.9apr for 84 months or $5 cash back.

graphicguy

What about CCBA? Any discounts there?

Mathias....the only thing those of us who belong to CCBA gets is a citation for having too many cars in our driveways....

sbolas

I fell in love with a 2006 BMW xi wagon

Here are the details

Boston, Massachusetts
2006 BMW 530 XI
Wagon
6 cyl automatic
16,500
heated front seats
xenon lights

The asking price was 44,999.00
I have negotaiated the price to 41,528.00 (not including taxes and fees)

I have a 2001 Lexus ES 300 which they will give me 9,000 for(with a pay off of 4,000)

The car is a CPO

I really love the car but my husband thinks the price is still high? I don't know how to figure out whether this is a good deal or not...can anyone add any suggestions?

Is this a good deal? Is my husband right? :confuse:

kyfdx

What model is it? Aren't there 3 little numbers before the XI part?

sbolas

It's a 530, sorry!

danbone111

It looks like in 2006 BMW only made a 325xi wagon....but nevertheless, that selling price does seem extremely extremely high.

qbrozen

It looks like in 2006 BMW only made a 325xi wagon

huh?
http://www.edmunds.com/used/2006/bmw/5series/100528418/prices.html

sbolas

it's definitely a 2006 530xi wagon

qbrozen

well, heck, Edmunds says a CPO should be in the $46k range.

*shrug*

sbolas

Danbone you suggest that there is no 5 series but you furnish a link that says different
I just clicked on the link, is that really value of this car 46,000

danbone111

i was responding in terms of 3 series wagon-did not know you were looking at a 5 series wagon -so yes, there is one 3 series wagon 325xi, and one 5 series wagon 530xi-you are correct

volvomax

Its not a screaming deal,but its probably not a bad one either.
Wholesale is prob @ $35000, figure another $2-2500 to certify the car.
Dealer prob made $3000,which is average for a used bimmer.

qbrozen

you are reading 2 different posts from 2 different people. Danbone said 3-series and I posted the link to the 5-series.

woodyww

Its not a screaming deal,but its probably not a bad one either--volvomax

It's hard to get a "great" deal on a low-mileage CPO car from a bmw dealer. Just getting a "decent" deal with the CPO, low miles, etc. is good, & it sounds like you are.

Have you calculated what you're saving over new? Over $10K I hope? And just make sure the car isn't a "buy-back", doesn't have repaired body damage, & that you get the service history.

'Course it'll be 2 years old in Sept.--how much warranty is left? Personally, if I liked the color & options, everything checks out, etc., I'd be REAL interested too. And maybe post more info here on your trade so one of the pros can tell you what it's worth.

cusafr

Volvomax: Hope I'm not being a bother. Would you please answer a couple more questions?

1-The S60 may be big enough fir me. If so, is the 2.5T or the 2.4T the better engine? I would think either would have have plenty of power, so other than that, is one better than the other?

2-If I don't find one around here soon, do you have any?

Thanks,

cusafr

im_brentwood

OK, Need a bit more info here to see how we're doing on the Lexus.

On the 530Xi.. it's about a $35k unit wholesale, figure at least $2,000++ to certify it, if all it needed was an oil change (Yeah right, at least add in a brake job) then that's a minimum of $500 plus about $1500 for the warranty.. cleanup, detail, transport, ad nauseum.. they got 38k or so in it and they're making $3kish, that's about right on a car like that.

So Volvomax hit it perfectly. Big diff between new and CPO is that dealers actually make $$ on CPO cars... so they're making fair money, not killing you, but not giving it away either. It's also a low-mile Xi Wagon, they're hot right now and easy to sell. $44,995 is too much tho.. $41k is about right.

ok.. on to this ES300.. Miles? Condition? Paintwork? Color? Location?

Gimme some more info on the ES and I can give you a better idea... it's worth anywhere from $12k to as little as $5k depending on a myriad of factors... Wagon price is fair, ES price? No idea.

sbolas

HI, thanks for your input!

The car brand new was 53,875.00 (in 06) and 08 model is going for 55,275.00

The car was a company car. I did get a vehicle history report and there are no red flags.

There's 20 months left on the original warranty and then 2 more years 0r 100,000 miles for the CPO warranty .

I guess I'm a bit scared making such a big purchase! IT's silver with black leatherette ( which seems to be easier to clean)it does not have all the bells and whistels, which is fine with me!

I guess, I really want to make sure I'm getting a good deal because I don't want to deal with my husband thinking he could have done better.

sbolas

Ok. Thanks for the info.

On the ES300 Boston, MA
Black exterior
beije interior
6 CD changer
heated seats
It has 86,000 miles in good condition. No problems with the interior at all-some wear and tear on the leather. The exterior in good condition as well. No major scratches, no rust...
Minor accident on the side rear
Good tires
Initially they offered to give me 8,000, I said no way they have offered to give me 9,000.00 for it. I pretty new at this i'm not sure what other info would be helpful please let me know.
Thank you for you time

volvomax

Both engines are fine engines. In fact,they are basically the sam engine.
The 2.4T was produced between 2001-2003. It had an output of 197hp.
the 2.5T is essentially a bored out 2.4T. it produces 208 hp.
the big difference is in the torque. The 2.4T produced 210 lb-ft. the 2.5T produces 236 lb-ft.
I don't have any 2.4T's but I do ahve some 2.5T's.
Email me if you are interested.

im_brentwood

Thanks for the info on the Lexus. It's impossible to be 100% accurate on figuring what your car is worth without me actually seeing it and all that, but based on what you said you gave me enough to get you in a pretty narrow range here.

You're new at this so I'll be a bit verbose if it helps!

A Lexus like yours is likely going to be a wholesale car for most any franchised dealer because it's a 7 year old car with 86,000 miles. So it's not a car that they can afford to be very strong on because they might need it to retail, they need to get what they can for it and make it go away.

If I had to "put a number on" your Lexus or, basically, place a dead cash value on it, I'd hit it at $7,500, real money. Under no circumstances would I dare put more than $8k in it so I think the $9k is an overallowance myself.

I figure that your car would bring, on the wholesale market, $8,000-9,000, maybe a few hundred more at the right auction, but I can buy one just like it on a wholesale level that's like new for no more than $10,000-10,500. Based on your description the leather shows wear and the car has been hit before... fixed or not, that hurts it. Granted, it hurts an 01 with 86k on it less than it hurts an 06 with 16k, but it hurts it nonetheless.

So the dealer either sells it to a wholesaler, who buys it for $7,500 or $8k and finds a home for it for $500-1,000 over cost, or they send it to the auction where they have auction fees, transport, cleanup, etc costs. In any event, I doubt they net very much over $8k for it.

So if they are at a realistic price on the Wagon and giving you $9,000 for the Lexus, your numbers are at the very least realistic and you did well.

Also, if you go to http://www.realoem.com/bmw/select.do and enter the last 7 digits of the BMW's VIN, it will give you the build date. (Which may differ from the in-service or warranty start date) 20 months left on the factory warranty means this 2006 was put into service in April of 2005, which is a bit early for a 2006 model year car, but not unheard of with BMW. My 1988 M5, as an example, was built in November of 1986 and sold in April of 1987.

sbolas

Hi,
Thank you so much for all the info. all the details most definitely helped.
I think the numbers are pretty good..but I feel a lot better with your input.
I checked the date it's 8/25/05, does that mean the facoty warranty starts from that date? Thanks again

dittykb

Considering Purchasing:

2006 BMW 330i 4dr Auto
Black/Black
Sport Package
35000 miles
$28000

im_brentwood

Very good deal or extremely good deal depending what part of the country you are in.

Get it looked at first...make sure nobody played bumper cars with it or it didn't come from BMW of New Orleans... but that's dead wholesaleish, even with the high miles.
Price is dirt cheap, but who short sells a black/black sport pack 330i, even with fat miles? Make sure it's legit.

Buy it if it checks out.

lparrish

Here are the details:

Northern VA/Metro DC
2006 Ford Escape Hybrid
AWD
30,100 miles
Light Green on top/silver on bottom (two tone paint), gray interior
Safety and Appearance packages (ie: side curtain airbags)
Condition is very good--maybe a small scratch on back bumper, but not visible unless you are looking for it
Regular maintenance performed, everything in good working order, just did 30K checkup.

My main dilemma is whether to sell this fall or in winter/spring 2008. I don't expect to put more than 5,000 more miles on the car before next March/April. I'd welcome anyone's thoughts on that as well. I know the car will be worth less then, but I'll also owe less as well (I think I owe around $10K now and will owe around $9K then)

Thanks for any assistance you can provide!!

im_brentwood

Hmm.. I'd hit it around $17,500 or so trade-in at the moment, assuming it's otherwise clean and free of paintwork.

As for what it's going to bring in the spring... I have no clue my friend and hate to speculate..

lparrish

Yikes...that's $2K or more below what Kelly Blue Book listed as trade-in. Is that normal?

british_rover

No it is not normal KBB is usually a lot more inaccurate then that :surprise:

im_brentwood

Highly normal. As someone who's been dealing with cars on a wholesale level for close to 10 years now, it's often the rule.

It also goes both ways.. I can remember in 2001 or so, KBB said that Wholesale on, say, a 96 XJ6 was $9-10k.. you couldn't buy one within $2,500-3,000 of that figure wholesale, and really nice ones were easily cracking $14k in the right color.

The MOST any car is going to bring wholesale is at a dealer auction. In reality, no dealer can give you what it's going to do at auction, in all reality, the car goes to a wholesaler who then sends it to auction, or the dealer ships it there themselves. Then you have cleanup, transport, auction fees, etc.

All that being said, $19k at the auction buys me an 06 with miles in the low 20s.. your truck would be in the 18k-18500 range.

bamafan63

Location: North Alabama

Year/Make/Model: 2000 Ford Ranger XLT EXT-Cab 4-Door

Engine: 3.0 Flex-Fuel Automatic transmission

Driveline: 2WD

Mileage: 125,000

Color: Bright red exterior, tan cloth interior

Major Options: alloy wheels, bed liner, hard keyed tonneau cover

Condition: Tires have 85% tread, brakes are new, interior and exterior have normal wear & tear

Other: Power locks, windows, mirrors, factory CD, remote keyless entry, cruise control

I am looking into trading in this vehicle but will consider a private sell depending on the difference. Thank you for your time.

im_brentwood

Bama fan eh? Good friend of mine played there.. what's more amusing is that hsi Dad played for Auburn! :surprise:

OK.. if it's clean and straight, sounds like a $2500-3k unit or thereabouts.

So throw it in the paper/craigslist/truck trader for $4900/bo and look to take low-mid 4000s for it.

It's back to school time so there's gotta be a big market for inexpensive pickups.

erics6

Salem, Oregon
2006 Subaru Forester XT Limited
Automatic
14,800 miles
Standard loaded stuff that comes with the limited; sunroof, 6cd player, heated leather...
Good condition with a minor bumper scratch.
No mechanical issues or accidents.