Real-World Trade-In Values

mjfloyd1

How much more would a 13k mile 06 C4S run? Arctic silver/blue leather/blue top
5 speed, navigation?
Thanks,
Mark

volvomax

There are VERY few cars in that price range that don't depreciate like a falling safe.

volvomax

My guess would be low $50's wholesale.

mjfloyd1

thanks volvomax

ateixeira

The usual knee-jerk response is "don't do it", but you may actually not be upside down if you got $4500 to begin with.

That money's gone, and buying another new car you'll lose any equity you do have.

It's bad, but it's less bad than it would have been had you not gotten the C4C credit.

british_rover

Few years ago we took in a nine month X5 4.8is with 9,000 miles on it from a repeat customer of mine.

We gave him good money for the X5 not stupid money just right money. I don't remember exactly what it was at the time.

We tried to retail it for 10 days while we waited for the title had some lookers but no one with the steam to buy that expensive of a car used.

By the time we got it to manhiem 10 days later the book drop was about 6,000 dollars.

Six grand in a little over a week.

woodyww

Are you sure you want a previous rental, with high miles, & cigarette burn holes (?). I'm guessing most people would just buy new, instead of a year-old car with 33K miles & cigarette burn holes....

ateixeira

Almost sounds like a beater when you put it that way...

ocelot4ark

Any real world estimates on the following would be appreciated:
Location: DFW area
07 Tundra Double Cab 4.7L
4x2
Texas Edition with leather interior and 20" wheels
38,000 miles
aftermarket indash navigation

volvomax

Figure @ $18,000

tkfitz

Located in New Hampshire,
White
Leather, no other options FWD
27,000 miles
Car is clean, no dings, still under warranty, also is offered as a Ford Certified Used car
What do you think? Dealer is asking about $16000.
Am I correct in assuming the value will go down somewhat after the new '10 comes to dealerships?

volvomax

$16k is a good price. Wholesale is @ $14k.

tkfitz

Thanks for the quick reply.
How about a value on my possible trade.............
2000 Dodge Intrepid
about 90000 mi
Gold, tan interior, no real options except a front bench seat,upgrade factory radio/cd.
Brakes and tires 75-80%-recently changed.
A couple small door dings, Clean int
runs drives 100% everything works . No accidents.
Edmunds says $2000 trade. What about the real world value?
Thanks
ps. for all those laughing it really has been a great car for the last 9 years.

volvomax

I think $2,000 is a little optimistic. $1000-1500 is more likely.

tkfitz

Thanks again. If it was up to me I would just drive it until the wheels fall off or something major goes. But it is my wife's car....and it is almost 10 years old.

fezo

Maybe you could pawn the Intrepid off on Andre. It's got way fewer miles than his...

woodyww

What could he get selling the 2000 Dodge Intrepid privately? Or if he likes it, it runs great, for $1000 trade-in it might be worth keeping around as a spare car.....?

explorerx4

i was thinking andre could give him a pep talk.

beofgod

Want to trade this into a local dealer, what would be a fair trade in price?

Location: Severn, Md. 21144
Year/Make/Model: 2008 Honda Element SC
Body Style: 5dr SUV
Engine: 4 cylinder, automatic
Driveline: FWD
Mileage:19000
Color: Rootbeer (brown) exterior, black/brown interior]
Major Options: 18" alloys, upgrade sound system
Condition: Good
Details of interior and exterior, including dings, scratches etc.
Tires - Maybe 80% worn
Brakes - Maybe 80% worn
Maintenance - current
Other: None.

tkfitz

I have exchanged a couple of forum entries with Andre over the last couple years. I think the situation is a bit different for me. It is my primarily my wifes car. I work a couple hours commute away from home many days. She would be on her own if anything let go, and we have a long winter here. I try and prevent her from being stuck on the road as much as I can. I always feel it is better to go looking for something when I have a car that runs-the better deals always seem to dry up just as the old car dies. Or do the dealers have ESP???"Hmmmm needy customer". I like making an offer and being able to drive off, if necessary.
Should just keep it and use it myself- does get 30 mpg on the highway. But that would make it the 6th vehicle in the yard.
I am going to lowball the dealer and see what happens. Not a popular car, they seem to be slow sellers.

itslisa

I just met with the -lease end- guy at the dealer my VW Bug convert. came from. The guy says he can't do anything about the residual bcse VW owns the car and VW is not licensed in the state of CO. (He claims that CO. is one of 3 states that is the case.) My red flag alert and b.s. meter went up. Q- Is this true and what does VW not being licensed mean (to any one who buys or leases a car in one of these three states?) MY objective, like everyone is to pay a fair buyout. This guy is telling me they are powerless to do anything.....I rather doubt that. Am I up a creek w/o a paddle? Thank you in advance

houdini1

Is it eligible for cash for clunkers?

explorerx4

you seemed to be apologizing for owning an Intrepid, for which there no need.
i was trying br a humorous.

sebring95

Helping my aunt find a replacement for her '97 Caravan SE (4cyl 3-speed auto) that now has about 250k miles and starting to really nickel and dime her as well as the rust is getting serious. She would be happy to keep it forever because it's exactly what she wants....manual everything, short wheelbase, etc. These stripped down models are rather hard to find but one popped up locally so I'm trying to get an idea for what the dealer has in it. I'm sure these are about as UNpopular as a Dodge Caravan can get so that sounds like a bonus!

2007 Caravan SE, 4cyl, 4-speed auto, 38k miles. No options, A/C is about it. They're asking $9,995 and located in Ohio. $9,000 sounds pretty good.

boomchek

Your lease end guy is correct in saying that residuals are not negotiable. 99% of the time they're set in stone, unless it's an inhouse dealer lease (funded by the dealer, not by a large lease/car company), then there might be some leeway.

Of course you'd like to pay a fair buyout, but you agreed to the buyout amount when you singed the lease. So if that figure is not what you think is fair, then return the car when the lease is up and walk away.

lablover2

located in chicago suburbs
2005 mercury mariner
6cylinder
auto trans
awd
30,000 miles
white
heated leather seats,power seats,luggage rack
good condition
former hail damage repaired
what can my sister expect for a trade in value? thanks

lablover2

chicago suburbs
07 toyota yaris hatchback
auto trans
22,000 miles
red
power windows,power locks, cd, split folding rear seats
good condition
maintenance up to date
what can i expect for a trade in or private party? thanks

qbrozen

What would trade value be on the following?

'98 C70 coupe. Auto. Premium pack. Only 60k miles. Saffron over black.
In PA.

As always, thanks, vmax.

volvomax

Figure somewhere @ $17,000

volvomax

Auction price is gonna be $6-7,000

I'd try offering $8-8500

volvomax

Unmolested, it's probably worth @ $11,000
If the Carfax is bad or the repair is easy to detect, figure a $1-3,000 drop.

volvomax

Trade in $7-7500 Private party $9-10,000

volvomax

To the wrong person,nothing. :P

Good ebay car. Figure $5-6,000 on a trade.
Might push $10,000 to a Volvo fanatic.

qbrozen

Interesting. That's more than I expected. Guess the miles count for ALOT in this case, huh?

Found it on autotrader at a no-name dealer. Asking $8495. Doesn't sound bad based on your numbers. Maybe one of his better deals since most other stuff on his lot seems grossly overpriced. [$5k for a '98 170k mile prelude? $12k for an '02 100k mile 325i?]

Still, even at $7500 for the C70, its more than I'm thinking of spending right now. Thanks, though.

itguy79

I'm having the same situation...almost the same exact car, year, miles options.... Dealer is asking 22900 and really won't go less that 1500 below that. I was hoping for 20K...is this unreasonable? It is a certified car as well. Got any feedback?

lrguy44

If he will not go lower it means that either he owns it close to his asking proce (recon etc.) or that your local market commands a higher price.

volvomax

Not sure $20k will get it done.
Lets say he bought it for $17k, CPO adds $2k, lets say another $500 for PAC and cosmetic recon. He's in the car $19,500. At $21,400 he has a $1900 gross. Pretty much the minimum for a good U/C dept.

icedog97

Zip: 15237
2006 SRX AWD 46K miles
White Diamond Pearlcoat
3rd row Seat
Navigation
Rear Seat DVD/headphones
Panoramic Roof

Paint is good to excellent...very few/minor things...
Inside is very clean...

Has just about all the gadgets you can get...

itguy79

Thanks I appreciate it....haven't bought a used car in quite some time and wasn't aware of how far I can take it.

wanderer_x

When it comes to actually trading in a vehicle it used to be next to impossible to get anywhere near the stated TMV or NADA trade in for my vehicle. Usually the dealer would either offer $2000 below or throw KBB (which looks like a dealer's tool to me) under my nose, or say I should sell it outright.

A shiny new Truck has caught my eye, but I want to make sure I get something reasonable on my trade. I felt totally raped when the dealer shined my last trade up and had it on the lot asking dealer retail for it.

What frustration!

The trouble is where do trade in values come from when the 7 or 8 dealer I spoke to say they are junk? If that is the case, why post them? Is KBB with it's low trade and high retail values closer to right? If so what good is TMV and NADA? :confuse:

I am hoping that car dealers are a little more hungry for business this time now that CARS is over and I can work something decent.

volvomax

A shiny new Truck has caught my eye, but I want to make sure I get something reasonable on my trade. I felt totally raped when the dealer shined my last trade up and had it on the lot asking dealer retail for it.


Um, that s what dealers do. Seriously, is this what is out there for consumers???

Look, if you want retail for your car its very simple. Sell it yourself. Otherwise, don't begrudge a dealer trying to make profit because you were unwilling to take the time to do it yourself.
I cannot stress this enough, if you don't like the trade in value, SELL IT YOURSELF.

The trouble is where do trade in values come from when the 7 or 8 dealer I spoke to say they are junk? If that is the case, why post them? Is KBB with it's low trade and high retail values closer to right? If so what good is TMV and NADA?

They are mostly junk. They are always at least 60 days out of date and they exist mostly as a place to start a conversation and to give banks a universal lending guide.

I am hoping that car dealers are a little more hungry for business this time now that CARS is over and I can work something decent.

What is decent? Your car is worth what it is worth. NOBODY is gonna put retail, or anywhere close to it on a trade no matter how "hungry" they are. You still have to move the trade. That is a recipe for going out of business and there aren't that many dumb dealers left in business.

houdini1

Carmax is not your typical dealer. I would certainly have them appraise and give you an offer. The price they offer is good on a trade or for cash.

boomchek

Well said.

wanderer_x

What is decent? Your car is worth what it is worth. NOBODY is gonna put retail, or anywhere close to it on a trade no matter how "hungry" they are. You still have to move the trade. That is a recipe for going out of business and there aren't that many dumb dealers left in business

I'm not looking for retail, I didn't say I was looking to get retail. I am looking for something close to what the books say TRADE IN value is. The last time I bought 5 years ago it was hell to even get $2000 below TRADE IN value.

My point was what good is the book trade in values if they prices in them are not even close to accurate (even though it seems dealer retails are pretty darn close to accurate).

While dealers may be all pissed about consumers attitude toward them, they really need to look at the practices of so many other dealerships and their treatment of customers to know why people like me hate to car shop. I have walked out of places over stupid tricks like misplaced keys, bait and switch, and trying to charge $500 for a $20 can of Teflon treatment.

I won't begrudge a dealer for wanting a fair profit, they shouldn't get all wound up when I ask why their trade offer is so much lower than book value.

qbrozen

My point was what good is the book trade in values if they prices in them are not even close to accurate

Very simple. Because they (the "guides") don't make money buying and selling cars. They make money publishing those figures, regardless of their accuracy.

You think The National Inquirer makes money publishing ACCURATE news stories?

ateixeira

Wow, a 2 year old Element is really worth that much?

qbrozen

Is pretty good ... but also keep in mind that, although an Element, the SC model is like $24k new.

volvomax

My point was what good is the book trade in values if they prices in them are not even close to accurate (even though it seems dealer retails are pretty darn close to accurate).


We don't print the books, so we can't be held accountable when they end up being wrong.
As for dealer retail, you HAVE to start somewhere. Virtually no one pays dealer retail for a used car so it is just a place to start a conversation.

I won't begrudge a dealer for wanting a fair profit, they shouldn't get all wound up when I ask why their trade offer is so much lower than book value.

I think you really should be asking the publishers of these books why their prices are unrealistic. Good luck getting an answer.

boomchek

think you really should be asking the publishers of these books why their prices are unrealistic

Especially true when all the dealers a customer has been to place the trade in the same range of $2k below bottom book.

icedog97

Just wanted to add this to the discussion...and bump my post ( )...

I will just go out on a limb and say that the past 6 months (people on the inside let me know if this is anywhere near true) has been about the most volitile in the auto industry since probably the early 80's...of course back then, there wasn't an internet.

I think it would be safe to say that "averages", TMV. trade-in, retail values...etc...have all been turned a little sideways by the US auto makers problems and by the recent clunkers program.

What happens to the new cars that were sold LAST year, when this year's models have average "buy" prices that are less? Obviously it creates a new wrinkle in how things are factored...right?

I did hear something strange at 2 dealerships in PA...they said they are paying MORE for used cars at auctions than they were 6 months ago. Anybody know if there is any truth to that?

Anyway...2006 SRX with 46K miles...trade-in of $3.95??? (I joke....).