Real-World Trade-In Values

go_fisch

It wouldn't surprise me if they are! But I hadn't thought to shop online--I just went by the body shop. The bumper has an upper body-color section and a lower gray plastic section, and I don't know if they can be ordered separately. Thanks for the suggestion.

spatulaman

I took it down to CarMax to see what they'd say on it....$23.5k Needless to say I was quite disappointed. So much for using a CarMax quote as negotiating leverage.

im_brentwood

I don't see how they could hold to a # for 2 months... Will it probably drop much between now and then? Maybe $500ish.. but who knows?

im_brentwood

Fits are red hot right now and many dealers are getting over MSRP for them.

Remember.. KBB, TMV, NADA, MSRP, etc all mean exactly zip... the market is the market.

Remember when Miatas/1990 500SLs/PT Cruisers/99 Odysseys/01 M3s/etc first came out?

Supply vs Demand

If I could get a brand new Ferrari 430 right now at MSRP I would do whatever it took to buy it.. so I can make a quick $20K+

im_brentwood

CarMax isn't the buyer for that./... shop it to the specialty independent dealers, Dodge dealers..etc.

im_brentwood

Eh.. spend the $200 if you're selling it privately.. I'd think it's a wash if you trade it.

im_brentwood

Duck,

Try other dealers.. remember the Sequoia poster who was offered $5k and got $stupid I mean $13k?

Besides, them new Chevy pickups are REALLY nice....

im_brentwood

Kin,

What engine? Honda or GM?

qbrozen

do the auction reports really indicate that?

i'd be surprised if more than a few buyers even know to look for the honda engine.

go_fisch

Okay, thanks. I just don't want to go in to the negotiation at a disadvantage.

mjfloyd1

Thinking of selling my garage queen 1995 325 cabriolet
Indianapolis, Indiana
1995 BMW 325 cabriolet
AT
just turned 25,000 miles
calypso red / sand leather
sport pkg, rollover protection, premium pkg, security system, winter pkg (htd seats), windscreen, alpine cd player
Hairline scratch on very bottom part of rear bumper
bridgestone potenzas with less than 300 miles on them
no damage or repaints
mobil 1 regularly (before I wash, wax, hook up battery tender and cover with car cover each winter)

I know it's difficult, but the guy who details my vehicles is very interested in this one. What is a reasonable private party price.

Thanks,
Mark

ateixeira

Yes, I remember. A friend paid $1750 over MSRP for his.

The original owner of mine paid $25 grand, and I bought it from her for just $7800 with only 26k miles.

I've put 40k miles on it myself. So I've driven it more than she has, yet she paid for more than 2/3rds of the depreciation. And I still have it!

kinsale

Sorry! It's the Honda V6 engine.

im_brentwood

I dunno... I didnt check MMR.. friend of mine is a UCM @ Saturn and I been on the phone with him on and off all day, put 2 deals together for him so far.

We agreed on it... Low-Mid 15s all day long if it's cherry.

im_brentwood

No problemo, we aim to please. Thank you, drive through and come again.

im_brentwood

Mark,

Kind of a tough call... assuming the top is nice, the cooling system has been replaced and the door panels didn't pucker up or anything, meaning it looks, runs, drives like a 25k mile car...

I'd think $8,500 wholesale on it easy.. the right buyer, the right sale.. I could see it hit $9k or better. I've seen plenty of em with miles in the 60s that were just cherry sell to dealers for 7k+.

Retail? $10-11kish. I will caution you, it's rare for someone to spproach the owner of a car like yours and be prepared to pay real value for it.

You can get $12k for that car come April/May.

mjfloyd1

Bill,

Thanks for the info. The top is good - only had the interior "wings" replaced - and it's excellent inside and out. Interior excellent. Just detailed. No panel pucker (but I can be a stupid pucker at times). Cooling system replaced.

I'll feel him out, but I don't know of anything I'd rather have for that kind of money.

How have the X5's been doing? I have an 04 with 30K miles white/tan with prem, cold, AT, 3.0, sunroof, park distance, rear climate pkg, (no NAV, no sport, no lumbar, no xenons, standard cd radio) that I have been considering getting rid of and getting a 5 series awd although I don't know how serious I am at this point after the 08 5 series abysmal crash test results. I have had the front drivers bumper airbrushed after a parking lot scrape. Int excellent - just detailed. Ext 1 or 2 dings.

Maybe I should consider a used 07 530 awd??

Mark

benderofbows

A friend and I are discussing the resale value impact of buying a manual transmission in an average car.

I'm not looking to sell this anytime soon, just curious how much better the car would resale with an automatic. Major benefits of the manual... 2 more MPG, quicker acceleration (mostly because of shorter gearing), some people like them. Disadvantage... most people don't like them.

Using mine as an example, purchased new, I saved $700 bucks by going for the manual. Compared to the exact same car with an automatic, what is the *real world* difference in resale values?

Raleigh, NC
2007 Honda Accord
LX Sedan
2.4L 166-hp I4, 5-speed manual
9k miles
Silver/Black
Exterior: two small (dime-sized) dings
Interior: evidence of having transported a Labrador Destructor if you look real close (a few very small scratches inside and two small teeth marks on one seatbelt)
All records, all services done at Honda/Acura

Mr_Shiftright

I think your question really depends on the type of car. With an Accord sedan, I would think resale value is affected by a manual transmission, again because of the supply-demand equation. There is less demand for a stickshift in this car IMO.

But I don't think the resale depreciation is drastic by any means--maybe all it requires is a private sale rather than trading to a dealer, who probably doesn't want too many manual trans Accords on his lot.

benderofbows

Oh of course it is affected, but are we talking $700 (the MSRP difference between new man/auto, meaning no real difference), or more like $1500 meaning a significant difference?

Mr_Shiftright

I'd defer to the experts in determining a dollar value. No I don't think it's a $1500 hit. If it were a 6-speed there might not be ANY hit.

Funny business, cars.

qbrozen

oh, there's a hit with the 6-speed (on the accord, that is). I found that out here a few months ago. A $1k hit. Considering the original new price is the same between the 2, that's a significant smack.

benderofbows

Huh, but if it's the same in my case, that would only mean a $300 difference. Certainly nowhere near as bad as most people make it out to be.

Mr_Shiftright

See what do I know?

fezo

q - are you selling the Accord? Or is that a lease maybe?

I am so disappointed that Honda had dropped the 6 speed stick on V6 sedans. In another decade, when the current Accord dies, that was way up on my list.

woodyww

Just an amateur comment: I can't figure the '07 5 series having better crash test ratings than the '08. For that matter I can't imagine the current- (or any) gen. 5 series getting abysmal crash test results--who gave it the bad crash rating?

There's a road test article in the aug. '07 Roundel of pretty much all the '08 5 series variants--one journalist managed to drive one off a culvert, rolled it 3 times, it landed on it's roof, & both driver & passenger walked away.....FWIW.....great article BTW if you're considering a new 5 series.

qbrozen

its a lease. Honestly, I'd be out of it now if I could, but thanks in part to the aforementioned resale, it ain't gonna happen. Its not that I hate it, though. I'm just too fickle.

I was absolutely shocked to find my last fillup netted me nearly 32 mpg, though, so that lessens the disappointment a bit.

I'm thinking that was a misreading somewhere on my part, but I'll revel in the news till my next fillup brings back the real-world 27 mpg.

qbrozen

no, not bad at all. And, although the pros will tell us, my guess is the difference on the 4-banger ain't that much. Might be break even.

mjfloyd1

It scored worst of the bunch that was tested by the insurance institute for highway safety in the side impact test. The chest and abdomen would have taken quite a hit. It scored worse than a Kia!! Just google 2008 bmw 5 series crash test to see for yourself. Apparently they changed the interior door panels for the 08's.

Mark

im_brentwood

Mark,

Might want to consider an 08 5 series with the crash test issues going on.. a 535Xi 6-speed is supposedly a lovely car to drive, if not to look at.

Your X5 would trade in and around the very high 28s to maybe low 29s.

Too bad you need AWD.. 03 M5s have gotten cheap

im_brentwood

Not that bad.. the actual difference is about $900 or so if I had to guess. With the scratches your car's worth about $15,5000-15,500 as a trade.. with an automatic add $700-900.

fezo

Nice on the 32 mpg. I figure I'm doing OK with that number of 2 fewer cylinders.

qbrozen

03 M5s have gotten cheap

Ok, I'll bite. How cheap are they?

kyfdx

I'm guessing... not cheap enough..

mjfloyd1

Bill,
I wish I didn't need AWD, but it's a reality for me.
I did drive a 335xi when I had my X5 serviced and it was a scream, but the front end seemed unsettled. It may have needed a wheel balance and it was wet out too.
An 08 5 series isn't an option until they get the side air bags sorted out - I have a wife and a 2 and 5 1/2 year olds.

Trade for the X5 doesn't really seem too bad to me - I got it for 2K under sticker (I think I gave $46)and got back 1K from the BMW CCA.

I don't know if I've been lucky with my car choices, but I've not had a car depreciate more than 5K per year. That's why I have not leased, but then again I have not figured the time value of money -return that I could have gotten by investing the money and not paying up front.

Mark

im_brentwood

Eh,

I never got the AWD thing. I live in North Jersey.. basically on the Palisades, and I have NO problem driving anywhere in the area in the winter in my 97 740iL.

Secret hint: Snow tires.

It is amazing how good that old sled is in the white stuff.

335Xi felt unsettled because of those horrid run-flats. C'mon.. get an M3 ZCP and some snows

Bill
also in the CCA... #112338

im_brentwood

Oughta be able to get a 50k mile one for low 30s...

How about a 100k mile 00 with a fresh Clutch and flywheel setup for $19,500?

mjfloyd1

Bill,

Is your e-mail address correct? I've tried to send you 2 e-mails and they bounced back.

My e-mail address is public. Shoot me an e-mail if you have the time.

Mark

im_brentwood

Mark,

THought I updated it.. wsweismann at gmail or yahoo.

Bill

godeacs

GLE, gray/gray, no sunroof, good condition, 96K miles, 1 owner, dealer maintained and garaged in Texas, tires quite new, minor scrape on right rear door.

A Honda dealer said maybe $4.5-$5.5K BUT would not give me an exact figure until I agreed to buy a certain model! (That was new one for me). FWIW, was considering, CR-V, 4cyl and V6 Accords.

Tonight Car Max appraised at $6K and I've been told they are normally not that "generous"...

Any Nissan experts who can help?

Thanks!.......

mjfloyd1

Bill,
I sent an email to the yahoo address. Hopefully it worked.
Mark

im_brentwood

$6k isn't that generous.. how bad is the scrape tho? No slider is no help either but still.. oughta be a $6500-7k car if it's clean, ok.. figure punishment for the scape holds it around $6k.

$4500 is quite low.. real low... unless that scrape is a dent which extends to the quarter panel or something.

kinsale

Thanks for the reply. Would anyone give mid 16s or does it depend on what you are trading in against. I'm looking to get out of having a car payment and just purchasing a used Volvo S70 or something similar for 6-7k. Do they usually offer you more for your trade against a higher priced car?

godeacs

Thanks for the response! Scrape would cost about $500-600 to fix (had estimates but never fixed since it was my own fault).

Yeah, thought the Honda dealer was playing games w/me. So I walked....his loss because my local Nissan dealer where I bought the Max (and affiliated with another Honda dealer) has offered $8500 when I was looking at the new Altimas. Only reason I stopped by "Mr Lowball" was because he had a better selection of Honda 07s left.

So worst case, I end up with an 08 Altima or Accord....I can live w/that!......

ateixeira

Buy the Altima mentioned in this thread a couple of days ago, the guy that wanted a Maxima.

Maybe you could just trade cars!

qbrozen

kyfdx was right, of course.
not cheap enough. ;b

$20k for a car with 100k? Not a chance. How long can one reasonably expect an M5 engine to last? Or tranny? or rear?

im_brentwood

Find a Bentley Continental GT with 100k.. it won't be $20k I actually know of one.. think I bid $65k on it.

It's what ya get in a $20,000 M5... how long? 200k with proper care I would think. Diffs are indestructible, about all you need to owrry about with high miles is clutch plate wear in the LSD unit. Transmissions are quite reliable if cared for properly.

That being said, you can get a 50k miler for about $25k. Engines are fine IF you keep fresh 10W60 in them... problem is, that stuff is about $9 per Liter.

im_brentwood

And my M5.. the one I have pics of on my CarSpace page, it's almost at 190k and I still track it

im_brentwood

$8500 sounds like an overallowance to me. Put it this way, if they won't sell the Altima you want for cheap off of that $8500 # then don't be too surprised.. but if they do JUMP at the deal, and I mean JUMP!

Bill

im_brentwood

I dunno.. seems like a stretch to me, $16,500 is more than they are doing at auction, and auction #s are generally ALL the money and a bag of nice chips... like, Gourmet expensive $7/bag chips.

So.. most they are doing at the sale is $16-16,200.. deduct fees.. they're netting $15,700-16k less transport.

Low-Mid 15s is what you'd reasonably expect on a trade. Now, if you find the right Saturn store that really needs it you might get lucky, but I'd hate to see you shoot for a # that you're only going to go nuts trying to get or only get off on inflated sales price.

Also, be mindful of a cheap S70.. if you want a bulletproof cheap Volvo, go find a 95 940 in mint condition for $4k or so... not flashy, but a really solid strong car.