Real-World Trade-In Values

xwesx

juanduro said:

LOL.. I agree... but I'm not giving up my sports sedan for an SUV or minivan :-)

Hahahaha; while I love this comment, I cannot help but say that vans are one of my favorite vehicle types. It's just the practical side of me that refuses to be contained. We had a 1998 Dodge Grand Caravan AWD for a spell, and it still ranks as one of my favorites (despite the fact that it was an automatic).

Sandman6472

We try to use a Caravan at work whenever possible because we can all fit in nicely. We never had a minivan with our 3 kids, all within 3.5 years, but the wife insisted on a sedan so we made things fit...and they did!

The Sandman

xwesx

Yeah, we always had sedans (or coupes) when I was a kid, but then we also never sat in those prison-like child seats whose use is mandated today! With three kids within four years of each other, I can't think of a single car my family owned that would seat five if child car seats were involved. To date, there is still only one that I've owned that would fit that measure: the '98 DGC.

Child seats are great inventions both for the comfort and safety of the children (especially when the kids are really small), but they sure are a mixed blessing for the parents.

boomchek

When I grew up in Poland in 70s and 80s we'd just roll around the back seat with no car seats. boosters or even seatbelts lol.

qbrozen

Believe me, that wasn't just in Poland.

Michaell

qbrozen said:

Believe me, that wasn't just in Poland.

Nope ... when I was a kid, the family went on a vacation where we drove from CA to NY and back. In a '68 VW Squareback. My sister, who was 4 at the time, rode the entire way on my mom's lap in the front seat. I was 7, and the folks folded down the back seat, loaded it up (mostly) with luggage, and gave me a spot to sit or lay on.

Which was fine until my mom decided to buy a gigantic (to me) milk can in Illinois that I had to share space with.

suydam

We did all that too. We even slept on the floor behind the back seats. Rode in the back of an El Camino. Worked fine except for the one day my Dad had to brake suddenly and my Mom went flying through the windshield with me (as an infant) on her lap. Everyone survived, but I would not return to those days!

xwesx

Oh, the stories.... the stories! I'm trying to remember the most people that rode in my old '69 Econoline at once. It has only two seats, but all that open space does have its advantages! I honestly cannot recall. Maybe it was nine? May have been more, but not by many.

boomchek

I remember in the early 90s when my parents were shopping for a vehicle, a salesman at a dealership was trying to sell us a Ford or GMC cargo van with only 2 seats and no rear windows. My parents told him it won't work because we need normal seating in the back. The salesman tells my dad "you're handyman, you can build some seats back there yourself easily". We politely declined.

au1994

Looking for some trade numbers on my 335i

2013 335i
13,xxx miles
white/red interior (sport seats)
Sport Line trim
Auto with paddle shifters
nav
satellite radio
19in wheels
heated seats
heads up display
pwr sunroof and usual other pwr goodies including folding mirrors

Hoping I am close enough to even on my lease to trade out of it.

thanks!

roadburner

If it was a 2011 we'd talk...

qbrozen

Thanks to your profile pic, I know its a sedan. ;b

Only about $31k. Only a few comps to go by, including one with 9k miles for $31,500, one for $30k with 11k, and one with 20k for $33k. So its kind of a crap shoot. They could hit you lower, but I'm giving you a bump up for the Nav that I'm assuming those lower-priced units might not have.

au1994

roadburner said:

If it was a 2011 we'd talk...

Lol...if it was a 2011 we likely wouldn't be having this conversation! Great motor and transmission wasted by the numb steering. I'll try something else for a while and see if BMW gets their act together on their cars.

Their SUV's are still nice in my book but the SO has that covered for our driving needs. She'll be in the market in a few months so I get to have fun with that too!

au1994

qbrozen said:

Thanks to your profile pic, I know its a sedan. ;b

Only about $31k. Only a few comps to go by, including one with 9k miles for $31,500, one for $30k with 11k, and one with 20k for $33k. So its kind of a crap shoot. They could hit you lower, but I'm giving you a bump up for the Nav that I'm assuming those lower-priced units might not have.

Thanks! That, unfortunately is about what I expected.

tommister2

qbrozen said:

Jeep - yeah, maybe $22k-$23k at auction, so probably more of a $21k trade-in.

I did wind up buying this Jeep for $22,500. Paid off the guy's loan today, pick the Jeep Friday once the money settles. I'm happy but now I really need to sell something else. Thanks again for the numbers @qbrozen

mroctober

Hi,

Can I get trade-in value estimate for

2012 Lexus RX350 FWD, Prem/Lux package. Leather, Nav, Siri-Ready
Original sticker $48615
18500mi.

Thank you!

robr2

mroctober said:

Hi,

Can I get trade-in value estimate for

2012 Lexus RX350 FWD, Prem/Lux package. Leather, Nav, Siri-Ready
Original sticker $48615
18500mi.

Thank you!

Where are you located? Color of both the interior and exterior? How about any accidents, dents, scratches? Tires, brakes and maintenance up to date? Enquiring minds want to know...

mroctober

robr2 said:

mroctober said:

Hi,

Can I get trade-in value estimate for

2012 Lexus RX350 FWD, Prem/Lux package. Leather, Nav, Siri-Ready
Original sticker $48615
18500mi.

Thank you!

Where are you located? Color of both the interior and exterior? How about any accidents, dents, scratches? Tires, brakes and maintenance up to date? Enquiring minds want to know...

I'm in Los Angeles. Nebula Gray/Black Leather. No accident, scratches, dent. Good tire tread left. All maintenance up to date.

Thanks.

qbrozen

Lexus should be right around $28k.

mroctober

Thank you!

nyccarguy

mroctober said:

Thank you!

Come back & let us know how you do!

felinos11

what would the real trade in value of a white 2010 acura tsx fwd 4cyl base in IL be?

Michaell

felinos11 said:

what would the real trade in value of a white 2010 acura tsx fwd 4cyl base in IL be?

How many miles? What condition - scrapes, marks, etc. How new are the tires?

felinos11

Michaell said:

felinos11 said:

what would the real trade in value of a white 2010 acura tsx fwd 4cyl base in IL be?

How many miles? What condition - scrapes, marks, etc. How new are the tires?

41k miles. like new on the outside/inside. 1 owner. needed front brakes though. and tires had life for another 5k miles. thanks.

qbrozen

I'm confused. "Needed front brakes" "had 5k left on the tires." Why are these statements in the past tense? Does it need these things or not?

felinos11

qbrozen said:

I'm confused. "Needed front brakes" "had 5k left on the tires." Why are these statements in the past tense? Does it need these things or not?

lol I noticed those things when I test drove it that's why the past tense. but yes still needs them, new brakes + new tires after 5k miles

mkarias72

I noticed the condition of the tires are asked. Does it really make a big difference the condition of the tires when trading a car in? For example, my minivan has two newer tires (bought in 2012; still excellent shape) but the other two are worn out completely. If I was to trade this in, would I get significantly less because two tires are worn out? Would it make sense for me to buy two new tires to "increase the value"? Does it matter if two tires were different brands than the other two? Seems like dealers are out to screw people as much as possible and will low ball the trade-in. Even if the car is mint condition, they will probably find something wrong and low ball an offer.

qbrozen

Acura - well, with the needs, about $12,500-$13k. What color is it?

mkarias - well, if you were buying and selling cars, wouldn't you be concerned with every dollar you will have to put into a car? Should you take care of it? Well, that depends. For example: once upon a time, I was selling an XC90 to a Volvo dealer. The windshield needed replacing. I had a connection that would have done it for me for $300. When pressed, the dealer told me he was deducting for the windshield and it would cost him $650. Another example: traded in my Mustang this past December. I was not happy with their initial offer, and again when pressed, they complained about the mismatched summer tires I had no there. Well, I had the stock all seasons in new condition sitting in my garage at home. So I offered to bring those back. I got them to come up $700 just for that.

28firefighter

OK Q....hypothetically speaking, can you give me a value on my leased CC:

2013 VW CC Sport
DSG
7900 Miles
Night Blue
Black Leatherette

All standard options, nothing added (no sunroof, nav, etc). Seattle area, no runs, hits or errors.

Payoff right now is sitting right around 19,7 with 16 months to go (before tax).

Second question: If a dealer took it in on trade, they would not need to pay tax on my payoff, correct? Only if I bought it would there be sales tax required.

qbrozen

That's a 2.0T, right?
Huh.... HUGE variation on these. I'm going to have to shoot for the bottom of the spectrum, as I'm sure that's where a dealer is going to hit you... $16k.

And, no, although this may vary by state, a dealer does not pay tax on it.

28firefighter

Correct, 2.0T. I wonder why such a huge variation.

Out of curiosity, what's the upper end of the spectrum?

nyccarguy

28firefighter said:

Correct, 2.0T. I wonder why such a huge variation.

Out of curiosity, what's the upper end of the spectrum?

You have a super cheap payment on that CC, right? have you tried listing it on lease trader or swap a lease?

28firefighter

I'm not sure I want to get rid of it. I just want to know if I am close to the break even point. 

The payment is super cheap, however VW credit does not allow full transfer of leases.  Meaning, if I do the transfer to someone else, my name still remains on the lease if they default. I'm not inclined to do that. 

kyfdx

28firefighter said:

I'm not sure I want to get rid of it. I just want to know if I am close to the break even point. 

The payment is super cheap, however VW credit does not allow full transfer of leases.  Meaning, if I do the transfer to someone else, my name still remains on the lease if they default. I'm not inclined to do that. 

Keep it...

28firefighter

Yes, I know. I've got the itch, though, which I'm sure you all can relate to!

steine13

This one's special. Not the car, but the circumstances... the guy who hired me here 20-odd years ago -- our Lab director -- is retiring and moving away. He wants to sell his car before then, so they sent him to me.

Why a guy like that drives a 10-year-old Impala is a good question, and a he good answer is that he's a physics prof and really doesn't care. His successor drives a Malibu, go figure. Here in mid-Michigan, driving domestic is a good idea if you're in a high-visibility position.

Anyway, I promised him I'd help and figure out what he should get for it.
He's not worried about the last $500, he mostly wants to drive it until he leaves, and have a smooth process.

2006 Chevrolet Impala LT (12/2005)
131k miles
Silver over tan cloth
Sunroof
Looks good from 15 feet, some rust starting on the inside of the doors, but you've got to look for it.
One $1k rear-end accident, bumper repaired.
Clean, maintained, tires are < 2 years old, Pirellis.
Non-smoker

That's about it.

Thanks in advance, Q!
-Mathias

mpinkston

Looking to find the value of a 2013 Honda CRV EX-L with Nav. 27,7xx miles, silver exterior grey leather interior, AWD. relatively good condition, normal wear and tear, no accidents, mainly highway miles. located in new york city

nyccarguy

Hey @qbrozen. Can you give me an estimated trade in value on my sister's 2007 Hinda Accord located in Rockland county, NY (10956)

2007 Honda Accord EX-L V6
Black Exterior
Tan Guts
94,000 Miles
Average Condition - if she lets me have it for a few days, I will work my magic & make it glow in the dark
New Tires
New Battery
Leather Interior, Power Moonroof, Heated Front Seats, Automatic Climate Control


Thank-you as always!

Edit - she did hit a deer once and had to make an insurance claim. Hood, Front Bumper, & Front 1/4 Panel replaced. High quality work, but will show up on the car fax for sure. No air bag deployment.

steine13

Ugh.
You'd think I'd know how to do this by now .
Turns out the Impala had two engine choices. So:

2006 Chevrolet Impala LT (12/2005)
3.5 l V6, auto of course
131k miles
Silver over tan cloth
Sunroof
Looks good from 15 feet, some rust starting on the inside of the doors, but you've got to look for it.
One $1k rear-end accident, bumper repaired.
Clean, maintained, tires are < 2 years old, Pirellis.
Non-smoker

Enjoy the long weekend, @qbrozen, and thanks!
-m

Mr_Shiftright

Here in the SF Bay area, retail private party, asking prices, seem to be in the $5000--$6500 range. If someone threw 50 Benjamins on his desk, I'd sure take it. On a trade in, you'd be lucky to get half that.

qbrozen

28firefighter said:

Correct, 2.0T. I wonder why such a huge variation.

Out of curiosity, what's the upper end of the spectrum?

I'm seeing $16,900 up to $19,400 for those with under 15k miles.

qbrozen

mpinkston said:

Looking to find the value of a 2013 Honda CRV EX-L with Nav. 27,7xx miles, silver exterior grey leather interior, AWD. relatively good condition, normal wear and tear, no accidents, mainly highway miles. located in new york city

about $21k

qbrozen

steine13 said:

Ugh.
You'd think I'd know how to do this by now .
Turns out the Impala had two engine choices. So:

2006 Chevrolet Impala LT (12/2005)
3.5 l V6, auto of course
131k miles
Silver over tan cloth
Sunroof
Looks good from 15 feet, some rust starting on the inside of the doors, but you've got to look for it.
One $1k rear-end accident, bumper repaired.
Clean, maintained, tires are < 2 years old, Pirellis.
Non-smoker

Enjoy the long weekend, @qbrozen, and thanks!
-m

Sounds a bit on the rough side. A dealer is only going to give maybe $2k-$2500 for it, tops. I think $5k would be a homerun. I would probably ask $5k and be satisfied at $3500 in the end.

nyccarguy

nyccarguy said:

Hey @qbrozen. Can you give me an estimated trade in value on my sister's 2007 Hinda Accord located in Rockland county, NY (10956)

2007 Honda Accord EX-L V6
Black Exterior
Tan Guts
94,000 Miles
Average Condition - if she lets me have it for a few days, I will work my magic & make it glow in the dark
New Tires
New Battery
Leather Interior, Power Moonroof, Heated Front Seats, Automatic Climate Control


Thank-you as always!

Edit - she did hit a deer once and had to make an insurance claim. Hood, Front Bumper, & Front 1/4 Panel replaced. High quality work, but will show up on the car fax for sure. No air bag deployment.

any word on this @qbrozen?

She got $8,000 on a trade in for it. Just curious how she did. Thanks!

steine13

qbrozen said:

steine13 said:

[..]
2006 Chevrolet Impala LT (12/2005)
3.5 l V6, auto of course
131k miles
[..]

Sounds a bit on the rough side. A dealer is only going to give maybe $2k-$2500 for it, tops. I think $5k would be a homerun. I would probably ask $5k and be satisfied at $3500 in the end.

The envelope, please...

The selling dealer offered $3,500.
They told him they'd "do a few cosmetic improvements and sell the car for $5,900."

Reminds me why I've been buying new in this market. Ouch.
This is a GM town, that may have something to do with it.

Thanks again,
-Mathias

28firefighter

qbrozen said:

28firefighter said:

Correct, 2.0T. I wonder why such a huge variation.

Out of curiosity, what's the upper end of the spectrum?

I'm seeing $16,900 up to $19,400 for those with under 15k miles.

Wow. That is quite the range indeed. Maybe a VW dealer would pay towards the upper end of that?

qbrozen

steine13 said:

qbrozen said:

steine13 said:

[..]
2006 Chevrolet Impala LT (12/2005)
3.5 l V6, auto of course
131k miles
[..]

Sounds a bit on the rough side. A dealer is only going to give maybe $2k-$2500 for it, tops. I think $5k would be a homerun. I would probably ask $5k and be satisfied at $3500 in the end.

The envelope, please...

The selling dealer offered $3,500.
They told him they'd "do a few cosmetic improvements and sell the car for $5,900."

Reminds me why I've been buying new in this market. Ouch.
This is a GM town, that may have something to do with it.

Thanks again,
-Mathias

well, they can ask $5900, but then take what? $5k on a good day? That only leaves $1500 on the bone, minus their cosmetic improvements. Maybe they are overallowing and making it up on what they are selling him.

qbrozen

nyccarguy said:

nyccarguy said:

Hey @qbrozen. Can you give me an estimated trade in value on my sister's 2007 Hinda Accord located in Rockland county, NY (10956)

2007 Honda Accord EX-L V6
Black Exterior
Tan Guts
94,000 Miles
Average Condition - if she lets me have it for a few days, I will work my magic & make it glow in the dark
New Tires
New Battery
Leather Interior, Power Moonroof, Heated Front Seats, Automatic Climate Control


Thank-you as always!

Edit - she did hit a deer once and had to make an insurance claim. Hood, Front Bumper, & Front 1/4 Panel replaced. High quality work, but will show up on the car fax for sure. No air bag deployment.

any word on this @qbrozen?

She got $8,000 on a trade in for it. Just curious how she did. Thanks!

Sedan, right? And automatic?

Again, gotta be an overallowance here. $7k at auction without taking the bad history into account.

stever

A TV reporter is looking for a family with a car in need of repairs, but is holding off because the estimates (preferably $1,000 or more) are too high and/or they can’t afford to pay for the repairs at this time. The reporter will work with Edmunds to evaluate the estimate and help the family find ways to bring down the cost of the repairs. If you'd like to participate, please reach out to pr@edmunds.com by no later than Friday, May 29, 2015.

nyccarguy

qbrozen said:

nyccarguy said:

nyccarguy said:

Hey @qbrozen. Can you give me an estimated trade in value on my sister's 2007 Hinda Accord located in Rockland county, NY (10956)

2007 Honda Accord EX-L V6
Black Exterior
Tan Guts
94,000 Miles
Average Condition - if she lets me have it for a few days, I will work my magic & make it glow in the dark
New Tires
New Battery
Leather Interior, Power Moonroof, Heated Front Seats, Automatic Climate Control


Thank-you as always!

Edit - she did hit a deer once and had to make an insurance claim. Hood, Front Bumper, & Front 1/4 Panel replaced. High quality work, but will show up on the car fax for sure. No air bag deployment.

any word on this @qbrozen?

She got $8,000 on a trade in for it. Just curious how she did. Thanks!

Sedan, right? And automatic?

Again, gotta be an overallowance here. $7k at auction without taking the bad history into account.

Yes. Sorry, I forgot Accords came as Coupes or Sedans with available 6-Speed sticks.

Sedan, Automatic