Real-World Trade-In Values

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Comments

  • delthekingdeltheking Member Posts: 1,152
    RB,You asked for car values-- I just gave my estimate and added in a caution for the BMW 3 series.It was not a generalisation.That`s why I said - to each his own!! ;)
  • roadburnerroadburner Member Posts: 18,389
    You asked for car values-- I just gave my estimate

    Where did you get your numbers?
    You said $8500 for the Mazda; Carmax has already offered me $13,000; even the BMW dealer offered $11,000.
    Your numbers on the 1er are relatively close to other online sources.
    Your estimate on the M3 retail price is off by just about $12,000(looking at KBB and Edmunds).
    Thanks for your estimates, but that's why I asked for help from people in the business.

    Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
    Wife's: 2021 Sahara 4xe
    Son's: 2018 330i xDrive

  • Kirstie_HKirstie_H Administrator Posts: 11,242
    I don't want this thread to go down an unproductive road - let's just say that personal "guesstimates" that aren't based on any verifiable sources (TMV, auction prices, what dealers are seeing) don't help anyone. In fact, they could lead someone to a bad trade-in experience if they take a "guesstimate" posted here and assume it's at least in the ballpark, only to find out that it's nowhere near realistic.

    Let's at least leave the estimating to those who have experience or access to information. Thanks.

    MODERATOR /ADMINISTRATOR
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  • delthekingdeltheking Member Posts: 1,152
    Sorry If I gave the wrong info...My intention was just to help you out-not offend you..
    I just went over your info and I realized I totally misunderstood them..Regarding the Mazda-I was thinking of the Mazdamazda3 and not the Mazdaspeed3..
    And the M3- I - I was thinking the regular 3 series convertible/coupe.
    And thankfully I was thinking the correct 1 series here--so more accurate I guess. :P
    Too many confusing similar names and numbers ! ;)
    Once again, apologize for my misunderstanding!!
  • jimbresjimbres Member Posts: 2,025
    Don't know where you picked up the notion that the 3-series is particularly troublesome. My 330i, purchased new in June, 2001, has been as trouble-free as most of the Japanese cars that we've owned. (My wife drives a Lexus; we also have a Honda CR-V.)

    How the car is equipped makes a difference. IMO, the German manufacturers haven't figured out how to integrate sophisticated electronics into a car, so I wouldn't buy any German car with factory nav. (Then again, the aftermarket units give you much more for your money.) And it goes without saying that a 3-series should be equipped with a stick.

    Follow those simple rules & you won't have any significant problems.
  • newdavidqnewdavidq Member Posts: 146
    1987 Cadilac Eldorado Biarritz. I wish I stll had this car; drove it back and forth between Phoenix and Chicago several times. Easy to get ii and out of; fully adjustable leather seats; 23+ mpg; auto dimming headlights, anti glare rearview mirror and more. Only downside would be outdated sound and phone interface although I had a large handset mounted on a stalk which worked very well. Probably find something under $10k. Naturally you'd want to check out the electronics carefully: the only problem I had with mine was the dashboard display--a $450 fix at the time.

    Regards, DQ
  • jayriderjayrider Member Posts: 3,602
    I bet you can find a 87/89 eldo fairly cheap. New battery, hoses and belts and your back to cruising without a bruising.
  • socalrccprixsocalrccprix Member Posts: 6
    barrot jackson will be on speed soon this week so there will be a lot of eye candy there
  • lrguy44lrguy44 Member Posts: 2,197
    I have a customer who has purchased several vehicles at the Barrett-Jackson auctions. He swears he will never go back. The fill you with free liquor, get the adrenaline pumping and one tends to grossly over pay for vehicles. He now buys from private owners and collections.
  • jayriderjayrider Member Posts: 3,602
    A man has to know his limitations -- being influenced by hype and booze won't be in your interest at the local dealer either. Those balloons, pennants and tents don't work on those of us with cold dead hearts when shopping for a ride. They must work on some folks though because they never seem to go away. The smell and feel of real leather is another matter. ;)
  • lrguy44lrguy44 Member Posts: 2,197
    So true - a well presented vehicle and demo drive will do more to sell a car than any hype.
  • primedudeprimedude Member Posts: 8
    What is a reasonable trade-in on a 2003 Acura MDX?

    Location: North Texas
    2003 Acura MDX (Base)
    4dr SUV
    AWD
    75K miles
    White exterior/gray interior
    I would say interior is in "Clean" condition on the TMV scale
    Exterior may be "Rough" (skin on rear passenger door was damaged in low-speed parking incident and needs to be replaced; rear bumper cover, also damaged in low-speed parking incident, needs to be replaced; good condition otherwise)
    No idea on age of tires, but they appear to be in very serviceable condition
    Brakes were replaced 10K miles ago

    Also, should I get the door/bumper repaired before trying to trade it in? Everything I've read suggests not to, but I'm always happy to hear additional views on the subject.
  • igozoomzoomigozoomzoom Member Posts: 801
    The Acura RL is definitely a good candidate, but I'd also consider the '99-'03 Acura TL which is still an exceptional vehicle.

    Otherwise, here's my short list....

    2003-2006 Saab 9-5
    2006 Hyundai Azera
    2001-2002 Mazda Millenia
    2003-2004 Volvo S80 T6
    2015.5 Volvo S60 T6 Drive-E Platinum, 2012 Mazda CX-9 GT
  • igozoomzoomigozoomzoom Member Posts: 801
    Just to give you an idea of the difference condition makes, take a look at these Trade-In Values for the 2003 Acura MDX-

    Clean- $9797
    Average- $7970 ($1786 less)
    Rough- $7039 ($2700 less)

    I would get a few trade-in appraisals from dealers AND a few repair quotes also- BUT ONLY FROM certified Honda/Acura body shops! Letting some hack try to repair the damage could only make it worse in terms of diminishing the value! I suggest going to the body shop a some Honda dealers. They're typically less expensive than Acura dealers, in my experience.
    2015.5 Volvo S60 T6 Drive-E Platinum, 2012 Mazda CX-9 GT
  • dbtdbt Member Posts: 298
    Del's Guesstimates have actually been pretty darn good, as I've noticed over the past year or so. He was off this time a good bit, giving his guess on a Mazda3 rather than a MazdaSpeed3 (I recognized this immediately reading this thread, when he referred to the Mazda3 - it was clear he was way low on a Speed3). But most of the time, he's pretty much spot on.

    A while back, Del told us the technique he uses (I cannot remember exactly, but it was using autotrader searches, iirc). It's not Mannheim reports - which he does not have access to, but it sounded pretty good to me.

    With Max out of commission for a while, Del's "guesses" should be welcome here.
  • steine13steine13 Member Posts: 2,825
    Yep, that's what I was thinking: Del should get his adult ADD under control and keep posting ;->

    Cheers -Mathias
  • clm8clm8 Member Posts: 75
    I was initially offerred $9300 trade-in, I countered at $12,500 and I'm driving the Audi. Thanks for your advice.
  • jipsterjipster Member Posts: 6,299
    The King must be getting his "guesstimate" information from somewhere, as it usually is just as accurate as those in the biz. He always writes his numbers are "guesstimates" and defers to those with more experience. So, don't really see what the problem here is. I say, "LONG LIVE THE KING!!!" Let him be! :P
    2021 Honda Passport EX-L, 2020 Honda Accord EX-L, 2011 Hyundai Veracruz, 2010 Mercury Milan Premiere.
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    Hey, that's cool as long as the "guesstimates" are based on actual info. I took the word "guesstimates" to mean exactly what it means!

    MODERATOR /ADMINISTRATOR
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  • ateixeiraateixeira Member Posts: 72,587
    I think certain people know a specific model or brand well enough to be able to offer constructive advice.

    I tend to stay quiet unless someone is asking about a Miata or a Subaru, for instance. Then I'll chime in and offer my 2 cents' worth.
  • primedudeprimedude Member Posts: 8
    Thanks. To flesh out my post, I had the repair to the door quoted at $700 at a good independent local body shop -- don't know how much a Honda/Acura shop would have charged. In any event, we did not get it repaired, and had it appraised at Carmax earlier this week for $8000. When we went to purchase our new car today, the dealer offered $5500 and wouldn't beat Carmax's offer, so we sold it there.

    It really was in very nice shape other than that door, and perhaps we could have done better with a private party sale if we had had it repaired, but I thought Carmax's offer was very reasonable and they made the process dead simple.
  • kb1grakb1gra Member Posts: 4
    Hi--

    I am thinking about replacing my car and I'd like to get an idea of what I could actually get on trade for it, since the values on the web vary widely.

    It's a 2006 Scion xA, 48k miles, I'm the original owner. I'd call it average condition, paint is clean except for one touch up on the front passenger side bumper about an inch long, interior has a little normal wear and tear but is clean as well. Alloy wheels, aftermarket cruise and antitheft (not available as options on this car).

    KBB tells me it's worth $5779, NADA gives me $7400 as an average trade in value. Obviously that's a big difference. If I can really get $in the $7k range I will trade it in immediately, if it's going to be $4k I'm going to keep it.

    Any advice?
  • jas_n66jas_n66 Member Posts: 3
    Hi,

    I'm looking to trade in my jeep wrangler. I was offered $11,000 already at one dealer.I still think its worth more. Any help thanks.

    http://detroit.craigslist.org/mcb/cto/1570938248.html

    2001 Jeep Wrangler Sport 4.0L 4x4 46k miles hard and soft top. I ordered with all the options so its basically the same as a sahara. Never driven in snow and kept mostly in a garage. Its in excellent condition
  • jayriderjayrider Member Posts: 3,602
    If a dealer offers you 11k that's a wholesale price. Try putting it on ebay for 11k no reserve. People will pay more in an auction. Anything over 11k minus fees is profit.
    Only accept bids from bidders with a history and require immediate deposit [nonrefundable] or it goes to the next highest bidder. Actually - checked ebay and the 11k the dealer offered looks pretty fair. You would be fortunate to get another 1-2k and it could take 6 months to sell it yourself. Sad but true. Many of the people who want your jeep can't afford it. Those that can afford 14k will look at a newer one for a bit more money. It's a real pain to sell yourself -- creeps and crooks getting into your life isn't worth a grand or two imo.
  • qbrozenqbrozen Member Posts: 33,768
    Good grief, I can't believe a 9-year-old wrangler is worth even that much, frankly.

    '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

  • jas_n66jas_n66 Member Posts: 3
    Thanks for the help
  • jayriderjayrider Member Posts: 3,602
    Your welcome -- let me know what you end up doing.
  • ghuletghulet Member Posts: 2,564
    amazing how well Wranglers hold their value (my roommate also has an '01, but not as nice or loaded as yours). Problem is, the vast majority of banks won't loan money, in general, on a vehicle that old, so you'd have to find a $14000 cash buyer.....not a lot of those around, especially in the general pool of buyers who want Wranglers (they tend to be quite young, maybe just out of college). If you're trading in, I'd probably be tempted to try to get another $1000 or two, or just take the money and run.
  • delthekingdeltheking Member Posts: 1,152
    My aim is just to help folks out. And the reason for that is - my initiation to Edmunds forums was through this RWTIV thread. And Volvomax and others were very helpful and gave some extremely good advice and info. I had needed the trade in value of an 07 Honda Odyssey,barely new with only 600 miles and it was just that we were not using it that much and I was very uncomfortable with the firm and taut ride at that time. :surprise:

    Vmax gave me a value and said that that was the bare minimum I could get. And I was confident after that , that I could atleast get that much . He also said that a Honda dealer could give more than other dealers b`cos they may want it more.The dealer ultimately gave more bcos he said that as the van had only 600 miles and barely new,he could sell it as a certified Honda. And I really appreciate Vmax and others` help. And I am still on Edmunds forums-b'cos of this thread !! And I just feel like helping out with a calculated number,an educated number - a guesstimate. The point is to be within a grand of the real world trade value as then folks wont think the dealer is ripping them off or lowballing them.B`cos many of the times the difference in the customer`s expectation and the dealer`s offer can be 3k or sometimes even more and can lead to bad blood and feelings of mistrust. :P

    Ans as I had already said , I mistook the Mazda speed 3 for a regular Mazda3 and the M3 convertible for a regular 3 series. Must say, Mazda and BMW have the most confusing number names out there with so many configurations of numbers !! :confuse:
  • delthekingdeltheking Member Posts: 1,152
    Jipster - Thanks for the "Royal Applause " ! Appreciate it !! ;);)
  • delthekingdeltheking Member Posts: 1,152
    I would say,my guesstimate would be around $6500. But for $6500 or even $7000,I would keep the car.Scions are very reliable,have low maintenance costs and good fuel economy. Try Carmax -they usually give the best value.
  • lablover2lablover2 Member Posts: 115
    located in the windy city
    07 yaris hb
    auto,fwd-26,100 miles
    red-still under warranty
    oil changes, tires rotated on schedule
    a/c,cd,power windows and locks
    no accidents or damage

    just went and drove a mercury mariner 2010-dealer offered me $4,000 for my car. said toyotas are now worthless as trades
  • tifightertifighter Member Posts: 3,800
    Oh brother...

    25 NX 450h+ / 24 Sienna Plat AWD / 23 Civic Type-R / 21 Boxster GTS 4.0

  • delthekingdeltheking Member Posts: 1,152
    Just wait till the Toyota recall mess gets over. Wait for about 3 or 4 months.Things will be OK by then . This is just an exaggerated panic reaction just like when gases prices shot up and folks traded in their gas guzzlers for pennies.Also the Yaris is a very reliable an fuel efficient car.
  • steine13steine13 Member Posts: 2,825
    Well, you'll do better on a private sale.
    Case in point: I"ll give you $4,200 for it!

    Seriously, that's not a hot seller new or used, and the street price is only around $12-13 new; but there's no way that car ain't worth $6,500 wholesale so long as it's clean. Might be worth a grand or two more, I don't know. Craigslist is your friend here, I think.

    I think it's safe to say the dealer really doesn't want it on his lot.
    -Mathias
  • ghuletghulet Member Posts: 2,564
    Two things: the Yaris is NOT one of the Toyotas being recalled. The list of which are is listed here on Edmunds' home page, along with lots of other sources. Second, even if it were being recalled, once the repairs are made, the car should be back to being a Toyota, that is, a reliable, safe car.

    That said, you must realize you're picking a hell of a time to trade in ANY Toyota, and naturally dealers are taking wild advantage of this fact. I think you could find someone who'd give you more like $6-7k for your car, maybe try to sell it privately, or wait til this whole thing blows over.

    Mercury Mariners aren't exactly flying off showroom floors; if you're selling the Yaris out of panic, please try to resist. :sick:
  • delthekingdeltheking Member Posts: 1,152
    Just jump on that price.Take that money and run before he changes his mind. 11k trade in value for the 01 Jeep Wrangler with 46k miles--- That` a great terrific offer. Its a 9 yr old vehicle and a jeep ...Again,take it and run ! :shades:
  • gooddeal2gooddeal2 Member Posts: 750
    Just wait till the Toyota recall mess gets over. Wait for about 3 or 4 months.Things will be OK by then . This is just an exaggerated panic reaction just like when gases prices shot up and folks traded in their gas guzzlers for pennies.Also the Yaris is a very reliable an fuel efficient car.

    I disagree. I wouldn't want to touch any Toyotas for at least 7-10 years after this type of mess up. High gas price doesn't kill people but run-away Toyotas do.

    Actually, my brother in law is thinking about trading in his 5 months old '10 Camry but I told him to keep it as of right now and use the car on local roads only.

    My uncle was thinking about getting a new '11 Sienna but he changed his mine when he heard about the recall.
  • steine13steine13 Member Posts: 2,825
    "High gas price doesn't kill people but run-away Toyotas do. "

    High energy prices kill plenty of people, though not in the US of A.

    "Unintended acceleration" of one kind of another has had its rare occurrences, plus a lot of hype, but one thing hasn't changed:

    Jump on the brake, HARD. And you will come to a stop, just like always.

    Car & Driver just did a test on this, and found it's not a big deal so long as you push the brakes like you mean it.

    It's bad enough we all run around with 200+ hp engines because most people are afraid to push the accelerator more than halfway down... now we can't be expected to brake hard, either?

    From my MI perspective, it sure is a change of pace to have bad news in the auto industry and the domestics are not the culprit... but I don't think this is as big a deal as it's made out to be.

    Cheers
    -Mathias
  • ghuletghulet Member Posts: 2,564
    ....not to minimize any of the injuries or deaths these incidents have caused, but they are relatively rare. And, why would anyone have bought a Toyota five months ago (and I saw a woman tonight on TV kvetching about her Highlander she bought three weeks ago) because of this? Does nobody pay attention to news (this is NOT new news)? I don't personally think Toyotas are going to suffer for 7-10 years over this, but then again, remember the Audi debacle? Finally, how is it that so many people don't know that shifting to 'neutral' effectively kills any acceleration?
  • lablover2lablover2 Member Posts: 115
    no i'm not selling it out of panic-i have been researching suv's for months now. i almost bought a rav in december but it was so bland to me and i am glad i didn't. nothing really shines in the small suv segment and i have driven most of them by now. the mariner was one of the last ones and it was fine-nothing special, but ok. i liked the color the most-kiwi green, just was different and i like that color. i miss being higher up like i was in my 2002 chevy trailblazer and want something i can take on the road for vacations and be able to bring my 2 dogs with me. obviously the yaris does not fit that profile but other than that, it has been a very good little econo car for me. i cringe when i think of 20 mpg as on a bad day i get 33 but will have to give that up if i ever can trade my yaris in with all of this happening to toyota. i paid $14,000 2 and a half years ago and $4,000 just seems pretty darn crazy to me.
  • fushigifushigi Member Posts: 1,459
    While I agree the RAV is bland, I think there are several small SUV/CUVs that have something distinct to offer. The Subaru Forester has a huge sunroof and an available turbo 4 cyl for decent MPG with good power. The Mitsu Outlander has a killer sound system and a split-hatch design that lets you haul long flat pieces without the top hatch being open (the RAV's side-opening hatch was a deal killer for me), the Equinox offers a direct-injection 4 cyl that's supposed to get 30+ highway MPG, etc. Seems like most manufacturers have something to differentiate themselves.

    There are a few SUV/CUV comparison threads here; check 'em out if you don't want to wait for Toyota's current problem to be resolved.

    And FWIW I had a late '80s Mercury Topaz that had a similar issue to what Toyota is going through; the engine would suddenly rev towards the red line. I could be riding the brake on the highway to hold it at 55. F/L/M issued a recall but only for cars equipped with an automatic; mine was a manual. At least I was better able to manage the problem by shifting to Neutral or downshifting to lessen the effect. If I had been more savvy back then I'd have raised a stink with Customer Service to get the fix on my car (IIRC it was a replacement ECU), but that car was so unreliable that I dumped it instead.
    2017 Infiniti QX60 (me), 2012 Hyundai Elantra (wife)
  • delthekingdeltheking Member Posts: 1,152
    Of all the choices you listed,the Mariner is the most outdated.It is a twin of the Ford Escape.It is a 10 yr old platform that needs serious upgrades.And it depreciates badly. So I would research more about small CUV/SUV`s. Also I would avoid Mitsubishi-b`cos it`s dealership networks are limited and it may fold up.So parts and labor can be difficult.

    I dont know if you like minivans,but they can carry people,haul lots of stuff and get decent mileage. Also if you have access to CR,check out the reliability ratings of a model you decide to buy..The new Hyundai Santa Fe is pretty good but it has poor resale value,so a used 1 or 2 yr old model will be a bargain.Nissans have become famous for bad brakes and rotors with rotors needing to be replaced at 20k mile intervals.

    As said before,just look in the SUV/CUV comparison threads here and you can get a good idea.. Either way,,good luck on your car hunt..Keep us posted !! :shades:
  • kb1grakb1gra Member Posts: 4
    We had a Dodge Grand Caravan SE that did this, it would rev to redline at random, particularly when the cruise control was on.

    Turned out to have a bad throttle position sensor...it was a $45 fix, and the car was NOT dangerous with the problem, just a little exciting to drive. And it's still on the road...it probably developed this problem about 145k miles ago.

    We no longer have it, but my grandfather's still driving it.

    It's definitely not an problem exclusive to toyota, it's just the fuss that was made over that big car accident in california (which turned out to not even have the problem being discussed) though i was stunned to see toyota stop production. I had been considering a matrix but I'm buying a new car now, and if they don't want to sell cars, then I won't be buying one. Their loss, as I really loved my current Scion (basically a toyota echo.)

    I am really bummed that the recall may force me to keep the car-- It is no longer meeting my needs (too small) and I really do need something larger. I should have traded it last month. Darn.
  • ateixeiraateixeira Member Posts: 72,587
    Is the sky falling where you live?

    I'll offer $4300 on that Yaris. We should have an auction right here. :D

    The Sienna isn't even included, and all you gotta do it slap any of the affected cars in to neutral.

    Tell your brother in law I'll give him half what he paid for his new Camry sight unseen.

    This panic may actually create some great deals. Anyone have an old Land Cruiser they want me to take off their hands for free? :shades:
  • ateixeiraateixeira Member Posts: 72,587
    the fuss that was made over that big car accident in california (which turned out to not even have the problem being discussed)

    It was a cop driving a Lexus ES loaner which had the floor mats from the wrong model!

    Still, the media got the audio for a 911 call and it's been a frenzy ever since.

    Hmm, I have a scratch on my front bumper, maybe I can get a new one for free.

    SUDDEN ACCELERATION! I want a new bumper please! :D
  • qbrozenqbrozen Member Posts: 33,768
    If it was a manual trans, I'd bump your current bid. :P

    '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

  • gooddeal2gooddeal2 Member Posts: 750
    The Sienna isn't even included, and all you gotta do it slap any of the affected cars in to neutral.

    ...not yet. :P

    Anyways, there're those who always buy Toyotas regardless of this recall. They might even get mad now b/c they cannot go and get their Camry. However, there's no doubt that this recall will cause some people to run away from Toyotas.
  • ateixeiraateixeira Member Posts: 72,587
    No doubt. This will take a hit on residual values, too.

    Chrysler took an 8% overnight from ALG on residuals when they declared bankruptcy.

    I wouldn't be surprised if Toyotas took a 5% hit, even the ones not affected because of the reputational damage to the brand.

    Like I said, if anyone has an older 4Runner or Land Cruiser they want taken off their hands, for safety's sake, lemme know! :D
  • ghuletghulet Member Posts: 2,564
    ....way back in '77 (before there were any computers on most cars), my '77 Caprice would rev high, even to the point of almost surging, when the A/C was on. I'd just turn it off really quick if I were stopping quickly. A little dangerous in the rain, say when you need to run the defroster, for example.

    Again, not to place blame on the drivers, necessarily; you would think a cop, of all people, would know to put it in neutral, or do something different to control the car, if your family is riding along and it's surging past 100mph. I feel sorry for his family, though. :(
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