Real-World Trade-In Values

emjay1

I understand what you're saying about keeping my car. But if cars are indeed designed to last well beyond 100K, then a buyer could get those last good 50K miles out of it. My purpose in selling has less to do with impressing others than a much more practical purpose. The "newer" used car I am looking at will allow me to drive a much newer, lower mileage car and lower my car payment by over $100/month.

volvomax

Having looked at Manheim, $12,000 would be ALL the money for your car,and a 74,000 truck just isn't an all the money truck.
I think reality is closer to the $10-11k range esp if you don't have leather.

Obviously, you have taken care of this truck and are proud of the fact. That care and pride doesn't translate at the dealer however. The only place that story works is on a private party sale where you can show potential buyers what you have done. Once that truck hits the used car lot its just another miler and no one would believe what the salesman had to say anyway.

Finally, the Manheim numbers are only available via subscription to dealers. It isn't info that is meant for the public.

emjay1

Thanks, Max. I appreciate the info - I'm sure you're right about what a dealer will give me - I understand it's all about business, and they obviously have a business to run. If they can't re-sell a car for more than what they paid, they'd be in even MORE world 'o' hurt than a lot of them are right now. I respect that, and as such, will go elsewhere to sell. CarMax is my next stop. If I don't walk away happy from that effort, I will place ads myself. There's more than one way to shoot a horse!

no, wait...

british_rover

That and Carmax does a good job of marketing their cars nationwide. Looking for a 2005 Ughmobile SSX with Leather interior no sunroof and the sport package? Can't find one locally? Go to Carmax and see if they have one at another carmax they will trailer it to your local Carmax for a set fee that you can see right on their website.

Sometimes for oddball cars like that buying from Carmax can be a good deal. I can do the same thing with at my dealership but you need to come in and tell me what you want then I can go find it.

And sometimes Carmax just puts stupid money on a car cause the guy doing the appraisal doesn't know any better. Back a couple of years ago I had a rich kid from Turkey trying to trade in a 335I hard top convertible for a Supercharged Range Rover. We figured his car at XX,XXX, I don't remember the exact number, but carmax was going to offer him 5,000 more then the highest bid we could get. I told him run down there now and get the money before the realize the mistake they made. The whole deal ended up falling apart when his dad wouldn't give him any more money to blow on cars and told him if he didn't reign in his spending he would pull him out of school and make him come home.

emjay1

HA! Great story, Rover. Too bad you're not in Texas, I bet I could talk you into giving me a great deal on what I'm looking for (which is a 2008 Ford Edge Limited in the copper color for the EXACT right price)

deltheking

Nissan Murano has pretty good reliability as per CR.Cars nowadays easily run upto 150k miles..You can easily use it upto 150k miles and then sell it privately.You could still get upto 4k.
And your monthly payments are reduced buy 100 you say,,well you will keep paying them for 5 more yrs on a new Edge whereas the Murano would have already been paid.
I would take a Murano any day over an Edge which has pretty much unknown reliability.
I had a 2000 Nissan sedan --it ran upto 160k miles with no problems..

kyfdx

The reason to get a value from them is that it is a true offer for your car, and not dependent on buying one of their's. Plus, the offer is good for seven days.

So, if you know you can get $XXX for your car from CarMax, it gives you a base to work from...

explorerx4

i just want to present some things to you that hopefully you will consider.
since your murano is up to date on maintenance, you won't need to put any money in it for a while.
you say you will save $100 on your payment(for 10 months?).
did you check if your insurance payment will change?
where i live we pay vehicle property tax, so that could come into play too.
the other thing is the color of the Edge. You like it now, but will you like it in a few years, and down the road will potential buyers?
is the Edge new, or will you be looking at some major maintenance items you would need to take care of before the murano you already have?

volvomax

So, if you know you can get $XXX for your car from CarMax, it gives you a base to work from...

Usually, Carmax is at the top of the scale. They normally don't do a lot of recon work and don't have to adhere to manufacturers CPO programs so that allows them to put more $$ in the car.

ghulet

....CarMax's resulting sales price is higher, too (I think usually about $1000 higher, more or less, depending on the vehicle).

biker4

22030
2006 Caddy CTS
3.6 V6 w/ 6 MT
38K miles
Sport package, wheels, spoiler, sunroof
Good condition

walktofast

Need help with this as I have gone on kbb and other sites and when I am at the dealers they are at least $2-3k under what I am finding for trade in.

Boston, MA
Mazda MPV LX 2006
FWD
42,500
Blue
AC in back.
Tires brand new a few scratches on the paint.

Any help would be appreciated. Owe $6,700 on this car and really want to get out of it without taking to much of a loss.

CC

qbrozen

Heck, if you only want $6700, I would think you could private sale it easily for that money.

emjay1

Thanks, Del - I'll take your advice under consideration. I do love my Murano!

volvomax

$12-13,000. Manual tranny is the reason.

volvomax

An 06 MPV should be worth close to what you owe.
What kind of numbers are you getting from dealers?

ateixeira

Bargain, if you ask me. Keep it, or quick, someone buy it.

ateixeira

The "newer" used car I am looking at will allow me to drive a much newer, lower mileage car and lower my car payment by over $100/month.

The trouble with that thinking is that you'll have a car payment for the rest of your life.

And are you really going to lease a used car? CPO at least I hope?

I buy and keep. The math always works to my advantage. I paid off an Escort GT in 3 years and kept it for 7. 48 months of $0 per month lets you save up for the next car.

So I was able to pay cash for a Subaru Forester, which lasted me 9 years. That's 108 months with $0 per month in payments! Sock away $400 per month and buy yourself a brand new Porsche, all cash, at the end of it. And that's ignoring the $7000 or so I got in resale.

I was able to save enough to buy a 2nd car. :surprise:

Keep your Murano longer, in the long-term that will drastically reduce your operating costs.

Never mind, keep leasing new cars, the economy needs it.

biker4

It's listed at a Dodge dealer for 16K (down from 17K last week) with a 1yr/12K warranty - I was just wondering how much they might have in it.

ateixeira

Used ones can be deals. Same for the SRX I've heard.

qbrozen

Heck, that is a bargain. Sounds like you should be able to score it for $15k.

emjay1

I'm not sure I'd know what to do if I didn't have a car payment! Not really, I have paid off and driven the wheels off several cars. The position I find myself in is a bit more convoluted this time.

1. We probably paid a little too much for the '05 Murano. We still owe 13K and we have 23 more payments to make.

2. Previously we were putting 35K miles + on a car every year, so our cars wore out in 4-5 years, which was about how long we were still making car payments. There was nothing left at the end. But we've recently moved, and now we're putting less than 12K a year on our car. My logic leads me to think that NOW if I get a low-mileage car, I will still have something at the end of my car loan.

3. Going thru my credit union, I can get a 20K loan for 36 months paying approx. $100 less per month than what I'm paying now.

All these things considered, I can make 23 more high payments on a high mileage car and end up with a high mileage car, OR I can make 36 lower payments on a low mileage car and end up with a low mileage car.

I may be blonde, but this all adds up for me. Of course the question remains - can I find that low-mileage car I'm seeking, and will it make me as happy as my Mo? I ain't got no crystal ball...

Sandman6472

We do the same thing...usually keep our cars for 6 to 8 years and sock away the monthly payments so we can always pay cash for the next vehicle. We would never lease so we buy and hold for years. That Murano sounds like a sweet ride and if it were me, I'd keep it for another 3 years minimum and then trade it. Nissan's seem to last forever, my '03 Sentra was an exception as far as I can tell, so save your $ and keep it. The wife's '05 Mazda 3s now has almost 65k on the odo so I suspect that she'll be looking to replace her sled come model year 2011.

The Sandman :sick: :shades:

ateixeira

So long as the replacement vehicle lasts at least 13 months longer, I guess that makes sense, from one point of view.

I'd be more anxious to finish off the payments. You'll be free of payments in less than 2 years, and even with the high miles, you have a quality ride that's still fairly new, really.

What would you replace it with, out of curiosity? Probably a smaller/cheaper vehicle, right?

Meh, ignore me, buy what you love. Life's too short for bean counting.

emjay1

I'm looking for a Ford Edge - really not "luxe" like my Mo, but I have a lead on a couple of '08's that are burning holes in dealer lots. Actually hoping I can pick up a Limited for a steal from auction, but otherwise it will be an SEL. Nice cars, some nice new bells and whistles like full-color screen nav, back-up camera, auto-open rear hatch lift - a number of things that in the '05 Mo were unheard of. Hoping I can also get cooled seats - here in TX I have little use for heated seats, but cooled cheeks!? Oh YEAH....

As far as how long a lightly-used Edge will last? How long will any car last? It's a crap shoot. It could last me 6 months past the payoff, or it could be the best, most dependable ride ever. I think just going for what I find pleases me is going to be the best thing. Cause everyone knows - if Mama ain't happy - ain't NOBODY happy - right?

ateixeira

A friend had a Lincoln Aviator with cooled seats and I got to sample those - very nice. Sadly his truck didn't last that long, he's now driving a Range Rover Sport.

I think if you do it, do it for the extra gadgets. I think you will enjoy those, and that makes it easier to justify the extra payments.

My saying is "Happy wife, happy life". Close to yours.

Best of luck with whatever you decide.

Sandman6472

Ditto here also cause if moma ain't happy...nobody's happy! Especially with car buying, always let the wife buy what she's comfortable driving so I don't have to hear complaints for the next 6 or so years. Now when she needs petrol or maintenance...then she needs me to get it done. But I'd rather do those things as I still think women get taken by car places. This was evidenced last month by a Pep Boys near our house. Charged her for work they never did and when confronted with the evidence, they got all nasty & rude but they were forced to give us a full refund. Should've called their corporate office actually, but decided to never ever go back to Pep Boys...total thieves!
Wife likes the new M3 actually but also is keen on the Hyundai Elantra and I think it'll be a new version for the '11 model year. This generation is somewhat fugly except for the Touring edition. Time will tell.

The Sandman :sick: :shades:

ramkas4

Thanks for the advice on value.
kansas city
2008/ dodge ram / 1500
4dr, quad cab, short bed
5.7 litre, auto , 4wd
21000
silver/silver
slt / big horn
cloth interior
20 inch wheels
good condition, one door ding
no accidents or other damage

I am wanting to do what seems impossible and trade down to a lesser vehicle.

jipster

An 06 MPV with low miles and new tires should go for a lot more than $6,700... if in good condition, which OP doesn't mention. I'd private sell for $9,950.

jimbres

While you're pondering your next move, read this excellent piece by one of the best personal finance writers working today:
The Real Reason You're Broke

woolooloo

Charlotte, NC
2007 Audi Q7
3.6 Premium Auto
Quattro
18500
Sycamore Green/Beige leather
Panaromic, Sunroof, Infotainment Nav, 4 zone climate, 3rd row seating, 19" wheels, rear side airbags, convenience package
Great condition, no accidents

Looking to unload this, tried to trade it in on an Infiniti and the dealer offered about $10k below KBB and wouldn't budge. Tried private sale through classifieds at below KBB and never got one call. Trying to find real trade-in value as KBB and NADA seem to be inflated.

walktofast

thanks Volvomax...at the dealer they are only offering $4,000-5,500 depending on which dealer. Two dealers in the same group one offered $4 and the other $5,500. There are a few scratches but the the car is in good condition.

walktofast

Didn't think about selling it myself. If I did that it would give me some extra $ towards another car.

donewithvws

Anyone know the real world Trade in Value for the cabrio with electric roof and 138,000 miles?? It's an automatic with power, leather seats, new tires and brakes.

In good condition with the exception of a ding in the tail light.

KBB gave it around 4k and my dealer offered 2300 as a trade-in, telling me that was the "auction value" they could get.

Is this fair value??

volvomax

Best guess @ $20,000

volvomax

Values all over the place. Best guess is @ $30-31,000

What are you seeing?

kyfdx

2008 BMW 528i sedan RWD
8000 miles
Gray w/black leather
6-speed manual transmission

Premium pkg
Sport pkg
Premium sound
Cold weather pkg
Comfort access

Basically, everything but NAV and automatic

Thanks!

deltheking

My guesstimate would be around 30k. Let`s see what Vmax says.
I am not sure if manual tranny`s in a 5 series are that common.Is he buying it or trading it in?

icedog97

Zip 15205
22.5K miles
Ext: Cashmere
Int: Light Neutral - Leather
V6 - AWD
3rd row seat
Navigation system
Almost all the bells and whistles except: NO sun roof, no DVD
Very clean inside and out

biker4

A follow up question if I may: how have those numbers changed in the past 4 months? It seems this particular vehicle has been making the rounds at used car lots for a few months. I think it was traded in at a Caddy dealer in March and put up for sale for 20K. Later (2 months) it shows up on Dodge dealer lot with a few more miles (1500) and listed at 17K (now 16K). I don't have the detailed CarFax report but it has 28 records. Even if there's nothing wrong with the car, does that many records and the seeming difficulty of dealers unloading such a car indicate anything?

majbabyarm

Anyone have any idea about a value. I thinking it will be auction or worse. I owe around 20 and I know a spanking is in order. I am thinking 13 rather than the 16 I could tolerate. I am thinking of an 09 VW GTI with 0% financing to help ease the pain.

Location: Dallas,TX
Year/Make/Model: 2008 Saturn Vue XR
Body Style: 4dr
Engine: 3.0 V6 cylinder, auto
Driveline: FWD
Mileage:21500
Color: Ruby Red/cashmere]
Major Options: alloys,leather,
Condition:
Interior-great
Ext- no dings, 2-3 light scratches along roof line.
Tires - 60 % worn
Maintenance- Timely with most records
Other: No claims, or body damage.

volvomax

del is right on it. $29-30k

volvomax

I don't follow caddys so I can't say how the values have been over the last few months. Not surprising that it takes a long time to sell a manual Caddy.

volvomax

Trade in somewhere @ $12,000. Maybe a little north of that.

volvomax

Should trade @ $14,000. Can't see $16k happening.

woolooloo

The Infiniti dealer offered me less than $30k and that was back in December. I know the SUV market was really depressed at the time, I was wondering if values had rebounded. Current KBB Trade in for excellent condition is about $35k which is about what I owe on the lease. The offer from the Infiniti dealer was about $10k less than KBB at the time though, so it doesn't seem to be very reliable for this vehicle.

I guess it may be worth a trip to Carmax to see, thanks for your guesstimate, it's probably a couple grand more than what I'd be willing to lose to get out of the lease (I hate this truck :mad:)

volvomax

Can't speak for Audi's but Volvo SUV values are up almost $4,000 from Dec.

Q7 has never been a really good seller. That could also affect the wholesale price.
Check w/ Carmax.

woodyww

I don't have the detailed CarFax report but it has 28 records

Uuummm......maybe spend the $10 for a CarFax report? I'm Not an expert, but 28 records on CarFax for an '06??? Also, have you driven it? I'd want to know all the history on this one.....

icedog97

Thanks...less than I thought....

I saw 15-16K on KBB...

I saw a similar SRX locally at a dealer offered for $19,900

It had slightly newer tires, but other than that, I'd say it was almost the exact same vehicle.

Now I know for sure, private sale would be my best bet (except for the hassle).

Assuming a buyer would go to a dealer and get them to wiggle 2-3K off that 19.9K...I should be able to sell at about 16-15K and still be better than what a delaer can offer...right?

With such low miles and maint records...I would think most folks would feel pretty safe to buy via private sale.

deltheking

It would be tough to sell privately especially for 16k as most people would then have to finance.Upto 8k ,maybe ,folks can pay cash outright..More than that ,90% would need to be financed.
And if they need to be financed ,then they would rather shop at the dealer instead of a private party even if it is 1k or 1.5k more.
Anything over 10k--outright cash is tough to get on a private sale.
But it`s a low miler,well maintained--so there should be buyers.
Try Carmax first.They give higher values for well maintained low mileage cars.Hope this helps.Good Luck.And do let us know.