Real-World Trade-In Values

mstein_88

Hi all,
This is a great thread. Many thanks to all the contributors. I'd love some input on what sort of trade-in value I might expect on my car:

2007 Honda Accord
SE V6
74,000 miles
Very clean interior, Good exterior conditiion (minor scratches, no dents)
Never been in an accident, never had any mechanical problems. Has relatively new tires and just passed inspection.

Thanks in advance.

Michaell

mstein_88 said:

Hi all, This is a great thread. Many thanks to all the contributors. I'd love some input on what sort of trade-in value I might expect on my car: 2007 Honda Accord SE V6 74,000 miles Very clean interior, Good exterior conditiion (minor scratches, no dents) Never been in an accident, never had any mechanical problems. Has relatively new tires and just passed inspection. Thanks in advance.

Color? Location?

mstein_88

Michaell said:

mstein_88 said:

Hi all, This is a great thread. Many thanks to all the contributors. I'd love some input on what sort of trade-in value I might expect on my car: 2007 Honda Accord SE V6 74,000 miles Very clean interior, Good exterior conditiion (minor scratches, no dents) Never been in an accident, never had any mechanical problems. Has relatively new tires and just passed inspection. Thanks in advance.

Color? Location?

Dark gray/charcoal exterior, gray interior. Philadelphia area

nyccarguy

mstein_88 said:

Hi all,
This is a great thread. Many thanks to all the contributors. I'd love some input on what sort of trade-in value I might expect on my car:

2007 Honda Accord
SE V6
74,000 miles
Very clean interior, Good exterior conditiion (minor scratches, no dents)
Never been in an accident, never had any mechanical problems. Has relatively new tires and just passed inspection.

Thanks in advance.

I can tell you m sister just traded in an '07 Black/Tan EXL V6 Accord Sedan with 95K on the clock & got $8K for it. Let's see what the all knowing @qbrozen has to say

explorerx4

Looking for trade in value for a 2013 Escape SEL AWD, 2.0.
Bought it in January this year this year as a CPO vehicle.
Color Ginger Ale, aka light metallic green. Interior black.
Everyone thinks it is new, but I would rate the condition as average.
SEL is heated leather seats, touch screen, 18 inch alloys, over SE model.
I live in 06xxx zip code, but looking to trade in in 53xxx zip code.
28.5k miles when I would get to 53xxx(Wisconsin).

stickguy

why are you selling it already? And does this mean that you are bailing on Ct. and moving to the heartland?

qbrozen

volvo - I agree. If the dealer doesn't want to play ball (or can't... I really don't know the rules in this case), it is far better for you to just go get a CPO 2013 for less money. You do have a really sweet color combo, though!

Accord - you should be able to squeeze $7k out of the right dealer. Although, with Accords, you just never know. Somebody might hit you at $6k and somebody else might lose their mind and overpay.

Escape - hmmm... could be a tough color, and it has already had 2 owners. I'm gonna have to hit it a bit low and say $18k.

brian1

looking for trade value please for the following:

2014 Nissan Altima 3.5 SL w/Nav and Tech
10k miles
black w/black leather
South Carolina

thanks!

jkunewbie

Looking for trade value on the follow please

2013 Toyota FJ Cruiser
Off Road package
Auto
Suspension, bumpers,tires (I realize these probably dont increase value)
36k

Thanks!

Michaell

jkunewbie said:

Looking for trade value on the follow please

2013 Toyota FJ Cruiser
Off Road package
Auto
Suspension, bumpers,tires (I realize these probably dont increase value)
36k

Thanks!

What color? What location?

I saw one of these for sale in my library parking lot in Colorado last week - 112,000 miles and an asking price of $16,900.

jkunewbie

White and zipcode 70605.

Its my understanding that they are currently the #1 resale vehicle, plus they are not made anymore.

Thanks!

explorerx4

Q, thanks for the reply. There is nothing wrong with the Escape, actually it's pretty good, but I made up my mind I needed to replace my 2002 Explorer and I did. It was the lowest priced, lowest mileage CPO Escape other than an SE or Titanium I could find.
@Stickguy, I'm not moving, just found something I'm interested in. Maybe kind of a bucket list thing. Keeping my Fusion, which is paid for.

qbrozen

And the new car trade-fest continues!

2014 Altima with 10k miles ... $18k-$18.5k.

2013 FJ ... well, I'm a bit curious about those mods. If anything extreme, you may have DECREASED the value. But I'll give you a stock number anyway... about $27-28k.

nyccarguy

Seriously! You guys need to come pst over on Chronic Car Buyers Anonymous. We need some new members;)

jkunewbie

Nothing extreme by any means. Front steel bumper and larger tires and small performance suspension lift. I was shooting for 28k trade in. I did the Edmunds used value and it was telling me 24k, so I was a bit concerned!

stickguy

Hey Q. need a reality check on my Volvo. To make sure I am not out to lunch on asking price. I have it out on CL (in SJ if you want to look it up!)

anyway, what is reasonable to shoot for. It is a 2007 S40 2.4i. Blue over tan leather. premium (roof, fancy radio, leather) and climate (bun warmers and headlight washers). 111,000 miles. AT.

some normal parking lot nicks and scratches on the outside. Interior is very clean though. Clean carfax (nothing but regular dealer services). I just had it through the local Volvo dealer for service, and it got a clean bill of health (really needs nothing now). newer tires with deep tread. 4K on brakes and all new (Sachs) suspension bits (those weren't cheap!).

based on this, what do you think fair asking/taking should be? What a dealer likely hits it at would be nice to know also.

Mr_Shiftright

I'd say a $7500 take price is fine, even $7K if you want to move on---fair enough for both parties. They seem to be sitting in the $6K--$8500 range, asking prices, including dealers, so you know $8500 is the extreme high end. T5 are gonna bring $1K--$1.5K more.

qbrozen

A dealer would probably be in that $3500-$4k area. Dealers are probably asking $8k-$8500 but would be pretty satisfied to get $7k-$7500 for it, so you gotta come in under that. I'm thinking you ask $6995 or $7495, but be willing to take $6k for it. Hell, even $5500 isn't totally unreasonable.

stickguy

I just dropped from $6950 to $6,300. And got a flurry of emails all offering $5k sight unseen. So I'm hoping for $6k since I just put all the wear and tear $ into it, and even according to the dealer, it needs nothing.

Someone shows up with 58 Benjamin's, I probably suck it up and take it. Won't be happy of course!

Mr_Shiftright

It has to be worth $6K. I guess it depends a lot on your zip code. I'll going by California prices.

stickguy

Jersey (near Philly). Not really a cheap area for cars, but maybe not quite NoCal levels!

Mr_Shiftright

Geez I've seen salvaged S40s in the $6K asking range around here. But, as you say, money talks and have a "done deal" is sometimes worth offering a discount.

stickguy

Discussed with wife. If I can't get at least that for it, we will just keep it as the spare car.

qbrozen

There was an S40 T5 with 110k miles listed recently for, IIRC, $7500 just a couple of weeks ago. I was pondering it.

stickguy

Q, I drove a 2012 S60 yesterday. It drove nice. Torchlight also has a couple of 2013s for $18,995 with 30k on the clock. Pretty good car for money there.

qbrozen

I'd stick with a CPO 2012 with same miles for same money. Red Bank Volvo has several.

flnovice

Can I get a trade in estimate for a 2013 Acura RDX base, dark red with beige interior, 28,900 mile, excellent condition. I've noticed a significant difference between Edmunds, KBB, and other online resources, but dealers offers are under all the online estimates. Please help!

nyccarguy

FWD or AWD? Where is the RDX located?

flnovice

Sorry, FWD in Clearwater, FL area.

qbrozen

about $22k-$22.5k. what are they hitting you with?

nyccarguy

qbrozen said:

about $22k-$22.5k. what are they hitting you with?

And at what kind of dealers?

flnovice

Acura is at 23.5K and Carmax at 24K. KBB is saying the "average" trade in is $26.5. One dealer told me the KBB quote is always unrealistically high, but I found on their own website a link to KBB to find your vehicle's trade in value. I guess it's unrealistic expectations that get folks into showrooms!

stickguy

Just curious, if that RDX was gray, with AWD and in NJ, with 29k, how much more would it be worth?

qbrozen

sounds like you got good offers. Essentially $500 over auction value at the Acura dealer and a whopping $1k over at carmax.

Stick... that would be about $3k more.

stickguy

so, 25-25.5? Not too bad, since I only paid 32.5 for it 3 years ago (almost).

nyccarguy

stickguy said:

so, 25-25.5? Not too bad, since I only paid 32.5 for it 3 years ago (almost).

Gotta love the way the CCBA mind works;). "Just curious" has a habit of turning into a "punch" if you aren't careful

stickguy

I explained the math to my wife. she was surprised. Of course, this was right after she saw a new MDX, and said for the manyth time how it would be nice to have the bigger one (for that 1 time a year we need it!).

she also wants a Navi like in the Sonata.

but don't worry, upgrading the RDX is definitely not in the budget. Now, if she wanted to trade it in on a CX-5, could make those #s work (taking some cash back out of the deal). Of course, that is not bigger, and not as "fancy"

so just leave this one in the "ain't gonna happen" category. unless of course, it does!

stickguy

I also did the rough math in my head. If I did trade it in for that, it would roughly work out as if I had leased it for ~$225/mo with nothing at inception. That is not too bad.

28firefighter

stickguy said:

I also did the rough math in my head. If I did trade it in for that, it would roughly work out as if I had leased it for ~$225/mo with nothing at inception. That is not too bad.

I have a deal pending on a 2015 CX-5 Grand Touring AWD with tech on a 24 month lease, nothing at inception for 248/month including tax (9.8% tax is killer). This includes them taking my CC on trade at 19,6 which is what I owe on it. 

Scheduled to pick it up Friday, but won't have the final lease sheet until Thursday. I'll believe it's happening when the deal is closed.

Happy wife, happy life....more thoughts and details once closed. 

stickguy

that sounds like a real good deal, especially getting out from under on a trade. And they are really nice.

If I could get that car at that price on a 3 year lease, I would have it already!

28firefighter

24 months is my attention span, I've learned. With no inception fee shopping, I'm happy to go shopping every 2 years...

What helps us here is $750 in loyalty cash, $500 for using chase banking and $1375 in lease cash.

nyccarguy

my big problem with short term leases is the bank fee & plates. Here in CT, the leasing company holds the title to the car, so every time you lease, you need new plates. bank fee plus new plates equals about $1000 tacked on the the total cost of the lease.

28firefighter

Valid point. I roll all of that into the lease so it's a true sign and drive. If it hits my budget, then good to go!

stickguy

good point about the sign and drive. Makes it so much easier. If the monthly # is what you want, who cares what goes in there?

right now a 24 month makes no sense to me. I need something that will get us through 3 more years until graduation.

nyccarguy

stickguy said:

I explained the math to my wife. she was surprised. Of course, this was right after she saw a new MDX, and said for the manyth time how it would be nice to have the bigger one (for that 1 time a year we need it!).

she also wants a Navi like in the Sonata.

but don't worry, upgrading the RDX is definitely not in the budget. Now, if she wanted to trade it in on a CX-5, could make those #s work (taking some cash back out of the deal). Of course, that is not bigger, and not as "fancy"

so just leave this one in the "ain't gonna happen" category. unless of course, it does!

The MDX is nice. I think they lease nice too. Maybe trade in the RDX & cash out?

mpinkston

Looking for opinions/advice. My wife wants to make this deal but I'm not sure how I feel.

She currently has a 2013 Honda CRV AWD. EX-L with Navigation. Grey exterior/grey interior. 28,8xx miles. Located in NY. She owes $15,8xx and was offered $20,000 trade in.

Looking at replacing it with a 2013 Land Rover LR2. Dealer said it is an HSE with navigation and backup camera. White exterior, tan leather interior. Just under 9,000, dealer says it was a service loaner. Asking $32,900.

I have never looked at Land Rover and honestly dont know anything about them, but she went to the dealer and said she is happy with the car. I would insist on driving the car myself before we make a decision, but is there anything I should be concerned with? She drives between 20,000 and 22,000 miles per year so she would rack up miles pretty quick

Thanks in advance

kyfdx

mpinkston said:

Looking for opinions/advice. My wife wants to make this deal but I'm not sure how I feel.

She currently has a 2013 Honda CRV AWD. EX-L with Navigation. Grey exterior/grey interior. 28,8xx miles. Located in NY. She owes $15,8xx and was offered $20,000 trade in.

Looking at replacing it with a 2013 Land Rover LR2. Dealer said it is an HSE with navigation and backup camera. White exterior, tan leather interior. Just under 9,000, dealer says it was a service loaner. Asking $32,900.

I have never looked at Land Rover and honestly dont know anything about them, but she went to the dealer and said she is happy with the car. I would insist on driving the car myself before we make a decision, but is there anything I should be concerned with? She drives between 20,000 and 22,000 miles per year so she would rack up miles pretty quick

Thanks in advance

You should be concerned about massive service costs and huge repair bills, once you get out of warranty.

You could buy a new $50K Acura or Lexus and come out ahead over 4-5 years.

stickguy

Also gas costs are going to go up significantly. Much lower MPG, and premium gas.

Not a car IMO for major miles like that.

thebean

I would never do this.  If she wants something larger, the Honda Pilot is brand new for 2016 and would be a fine choice.  Land Rovers, as others have said are traditionally somewhat unreliable and cost a ton to maintain & repair.  

Mr_Shiftright

NO way would I operate a LR out of warranty.