Real-World Trade-In Values

robr2

sandman_6472 said:

Got the hatch. Why the low estimate...would've figured closer to $17k. The vehicle really is in pristine condition, always garage kept. Never thought first year depreciation would be that much. Probably best to just keep it for a few more years.

The Sandman

I'm guessing that the emissions issue - although not applicable to your car - and the heavy discounting the past 6 months has driven down the value of used VW's.

kyfdx

Mr_Shiftright said:

Q, any chance you have any data on the going rate for 2006-2007 Porsche Caymans? Higher mileage examples preferred.

Hey... look for two of them. I need one.

Mr_Shiftright

They are kind of scarce as used cars. I've seen a few at local dealers but I think those guys have been using too much medical pot here in California.

isellhondas

"Medical pot"?? Heck, there's a store right in our town that sells the stuff over the counter.

If you think California is ultra liberal, come to Western Washington!

Michaell

isellhondas said:

"Medical pot"?? Heck, there's a store right in our town that sells the stuff over the counter.

If you think California is ultra liberal, come to Western Washington!

Or anywhere in Colorado!

Mr_Shiftright

Well we're sicker than you.

Maybe I'll starter a Kickstarter campaign to get that Cayman....

"Little shiftright goes to sleep every night without a Porsche to drive. You can help, or you can turn the page".

qbrozen

2006 caymans with ~40k miles average around $23k-$23.5k. I've got one 77k unit for $17.5k.

2007 is less clear. I've got a 50k at $19.5k, a 70k at $17.5k and an 86k at $15.5k.

Mr_Shiftright

yeah, that's more like it. Where does a dealer come off asking $28,000 for a 2006 with 92K on it? To me, that's $10K over market. That's just nuts. Thanks, Q, for looking that up for me. I'm now better armed.

qbrozen

Np.
i agree on $18k TOPS for such a car.

kyfdx

Well, the 2006 models are all "S", while 2007s come both ways

qbrozen

Oh, I did not realize that. That might explain why the '06 and '07 are the same value.

so, let's see....

It looks like an 80k mile manual trans 2007 S would be about $18k, vs $16k for an automatic trans. Doesn't seem to be much discernible difference between the base and S, but that gap I'm seeing between transmissions is interesting. Might just be coincidence since its such a small study population (2 of each).

Mr_Shiftright

The fewer the points of sale, the harder it is to rationalize pricing, that's true. An automatic would be unacceptable to me but in a non-S model, I could see a certain type of driver liking it. Like Corvettes I guess---lots of them are automatics.

stickguy

to me, a slush box makes perfect sense in a modern Vette, but is heresy in a Boxster/Cayman or Miata.

steine13

A coworker is looking to trade in his '04 Sienna on a new Honda Odyssey.
He'd like to know what he should expect:

2004 Toyota Sienna CE [=base], 145k miles
Dark blue over gray cloth
One owner, standard maintenance at the dealer.
Fluids and dipsticks are fresh and clean.

One minor fender bender when nearly new -- bumper cover & headlight sorta thing.

It's got lots of tiny scratches from thorny bushes in the driveway.
The exhaust has a leak, not very loud but clearly audible.
Rear tires completely worn, fronts are OK.

Inside is unkempt; neglected rather than nasty.

In short, a bit of a rat but with good bones.
What do these do at auction -- and what might he expect to see?
I'm really stumped.

Thanks in advance,
-Mathias

qbrozen

$500. Maybe $1k as incentive.

Mr_Shiftright

That vehicle is really just a jump ball on Craigslist. I wouldn't even bother showing it to a dealer.

suydam

If you replaced the tires and cleaned it up nicely you could probably private sell for more than the cost you put into it.

stickguy

For my niece. Trade value in Middletown NY.

2012 Nissan Rogue SE. basically an S with roof rack and backup cam. Runs fine, some minor nicks but generally clean. 65,000 miles (a bit steep). She bought it used from a dealer a year or so back, but just doesn't like it.

What says the oracle? Looking at Mazda and ford comparable CUVs so trade at one of those dealers.

qbrozen

I have no SE in my choices. I could choose S, but I need to know if its FWD or AWD.

stickguy

Oops. It is an AWD. I saw the same thing online. It is an S with backup cam and alloys basically.

explorerx4

The dealer I traded in my 2013 Escape has it listed for 21,499. I got 17k as a trade in. It was a CPO when I bought it in January and is still under the original 3/36 B2B. Not CPO this time, maybe because sold twice, and I think they put a new windshield in it.

Sandman6472

I got $16,500 for my '14 Tucson from the VW dealer, they gave me a lower figure but once I showed them the CarMax sheet, they matched their price. And I definitely didn't love the vehicle...the reason I traded after 375 days after purchase. I really wanted the Limited model but "settled" for the SE one and have found out that when one "settles" for something, might as well not buy it because nobody wants to buy something they "are settling for", it's the kiss of death. Have been driving a lot of Jeep Cherokee's at work lately and really really like those...a lot. Now if I had bought the Cherokee, it still would be in our garage right now.
Luckily, I really do love my Golf right now even though I am lusting over a BMW 1 Series and would've been just as happy with one of those to be honest. A bit pricier I see but also likes the X1 as much. But thinking next time, will look at a CPO BMW or MB just to see what they have that peaks my interest. Think I will stay with German next time around as loving the way they drive...really loving the way they drive!!!! Will definitely jump if my wife trades her A3 early as it's a well rounded vehicle and know I'd be very happy with it on my side of the garage.

The Sandman

Michaell

Helping a friend of my wifes:

2011 Kia Sorento LX V6 AWD. Green exterior, unknown interior color. Good condition but - wait for it - 97,000 miles. Denver. 

I know the answer is gonna hurt, but give it to me anyway. 

steine13

qbrozen said:

$500. Maybe $1k as incentive.

Thanks a lot, Q.

That is a little uncharitable -- but of course, it's not wrong.

By the time it goes through dealer/transport/auction/transport/reconditioning/resale, there's nothing left.

Not to mention there's a "hard shift when cold" thing going on. These transmissions are stout, and I'm gambling a cleaning of the valve body will fix it.

In fact, I gambled $1700 without driving it. That's what I told the guy I'd give him if the dealer doesn't step up. He doesn't care about cars, but he takes care of them at some level, plus I trust what he says. If it's good enough to be an engineer's daily driver, how bad can it be?

Looks like I'm about to find out. His wife said, who wants to mess with the dealer, sell it to Mathias.

So today, with the deal agreed upon, I drove it for the first time.
It drives/runs/shifts/brakes like buttah.
And while it needs a mucking out, there are no smells, which is big deal to me.

The suspension is on the soft side, and it'll need $600-$1,000 worth of "stuff," but I think it's a keeper. Makes a great backup vehicle for the wife's 2003:
https://www.msu.edu/~steine13/04sienna.html

Thanks again -- also to shifty -- for the spiritual support.
And if the transmission falls out on the way to the shop, I'll let y'all know so you can have a good laugh.

Cheers -Mathias

stickguy

it's a Yota. I think for $1,700, you got a steal. a weekend detail and minimal # to a indy mechanic for the important stuff you don't want to do, should have plenty of good miles left. Or an easy flip!

that money does not buy much on the open market. heck, a thorough wash/bufff/wax/vacuum and could turn a profit in 1 day on CL

steine13

Ya, I told the man to take it to the biggest, sleaziest, loudest used-car operation in town and have them bid on it. They're solid on the "buy" side -- I sold them a rat once before -- it was no fuss.

Nope, he don't wanna deal with anything.
Well, I'm here for you.

That's how I've gotten my best deals. Sit streamside and take pot luck of whatever floats by.

Oh yeah, almost forgot: Go State!

Mr_Shiftright

Well we were talkin' wholesale "dump it price" from desperate seller to dealer holding four aces....a deal among friends would of course be more charitable.

Mr_Shiftright

Q -- I found a 2008 Porsche Cayman, outstanding car, dealer is asking $22,000 for it, 72,000 miles, manual trans. How does that look? It is unfortunately, a bit more than I wish to spend.

stickguy

pay a little more for quality. In specialty areas, usually cheaper in the long run.

Mr_Shiftright

Yep, that's good advice. But my budget was $15K (I like to pay cash and get 'er done). Cayman coupes 2006-2008 are pretty scarce. I may not see another under $30K for months. I'm wondering if $22K is a righteous price. I can't find enough comps to make a judgment.

nyccarguy

@Mr_Shiftright - as you well know, a $15,000 Porsche (your budget) can turn into a $22K Porsche very quickly . It's a base model or an S?

kyfdx

Mr_Shiftright said:

Q -- I found a 2008 Porsche Cayman, outstanding car, dealer is asking $22,000 for it, 72,000 miles, manual trans. How does that look? It is unfortunately, a bit more than I wish to spend.

What color is it? It's starting to sound like my next car.

Mr_Shiftright

This is a base model, which is plenty fast for me. 0-60 in 5.8. I don't think the S's 5.1 would be all that useful to me. This one is silver (I know boring) but Caymans look really nice in silver.

I also went to look at a more affordable BMW Z4---I get all the way out there to the dealer only to find out that the advert made a mistake---it's not a 6 speed manual, it's an automatic. Like.....no way, dude. They had a nice black Z4, retractable, but it was too new and again out of my budget. It had a bit more cockpit room than the Cayman, but less truck space by a long shot. (Cayman has two trunks if you recall).

robbieg

If only our third car was a Cayman. Right now our 3rd car is a minivan that has seen better days. We are about a year away from making a move with our cars. Clearly, a Cayman isn't a Honda but would a Cayman be relatively trouble free if it was that old and had that many miles?

roadburner

I'm thinking of going even further down the Brit rabbit hole than you: 2006 Lotus Elise

Any auction data on one?

qbrozen

Prob about $9k-$9500 on the Rogue.

Sorento - not too bad, I think. $8k-$8500. It is a year older and 30k miles more than the above Rogue, so I gotta give it some credit for retained value.

Cayman - well, you had 2 with 70k miles in the past 2 weeks in CA. Each got $19k. So $22k seems fair if it checks out and is a decent color.

Lotus - hmmm... I've got a huge gap in mileage for comps here. Those with 20k miles that averaged $32k, those with 10k that averaged $37k, then I've got 70k mile examples for the low $20s. BUT, most of those are old data. This is tough. Fantastic color combo, IMHO. If I had to speculate, I'd probably peg it in the $28k zip code. I'd put a good buy price at $31k. This really is just seat of the pants, though. I have nothing real solid to go on.

congrats on the 'yota purchase. Can't hurt at $1700, probably.

Mr_Shiftright

Porsches can be very durable cars but they don't tolerate neglect.

Elise prices seem to be all over the map. I'm seeing retail pricing for a 2006 in the $25K--$35K range. It seems to be very mileage dependent. Lots of them get modded, so that's a factor, too.

roadburner

One thing I really like about the Elise(aside from being the closest thing to a formula car that I could ever conceivably own) is that the mechanical bits are rock-solid while the electrical system is comparatively simple- much like my 1996 Triumph motorcycle...

Mr_Shiftright

Yep, with many Toyota mechanical underpinnings, it's pretty reliable, and this car handles like it's on rails. It does beat you up, though, with vibration and a rough ride, and I don't think the build quality is the best. It's not the fastest of sports cars these days, but man, for sheer grip it's hard to beat, even by 2015 standards. Me personally, I'd like to pay no more than low to mid $20s for one.

stickguy

Gorgeous car but hard to see it as any more than a fair weather toy. Seems expensive for age and miles.

Is the supercharger factory standard or an aftermarket add-on?

I've never tried one but I doubt I fit.

Why not go all out on the HP binge, and get a used cobra kit car?

roadburner

It's an aftermarket kit, but I've checked with friends on both sides of the Atlantic and it has an extremely good reputation. The s/c and accompanying tune only add @50 hp so as not to overstress the transaxle. Of course, adding 50 hp to a 1900 pound car is pretty significant.
Most have been floating around $30k for years. R & T even featured an article about it- buy one for $30k, drive it for a few years, and sell it for $30k...
And it has a heater AND A/C. A few strategically placed bits of duct tape help the HVAC function surprisingly well.

Mr_Shiftright

Supercharger should be fine on this engine. I'd be more comfy if it were intercooled but they claim it's a well-tested unit, so.....

tkay2

Have a 2010 CRV EXL w/110,000 miles what can I expect for a trade in from a Toyota dealer in Mi. it has AWD

nyccarguy

Color?  Interior & Exterior Condition?  How much tread is left on the tires?

explorerx4

My recently traded Escape is now a CPO vehicle. The dealership called me asking for the title, finance company sent it to me by mistake.

stickguy

If you have a set of keys too, you are all set!

explorerx4

I should have told them I could only find one set.

Mr_Shiftright

Not too smart are they? I like that in a finance company.

fushigi

I'm planning to wait another year before I buy my next ride but as a gut check I'm curious what my current vehicle is worth. 60503 zip code.
2010 Mitsubishi Outlander GT (V6/AWD)
Rally Red exterior/Black leather interior/3 rows of seats
50K miles (49,8xx at the moment)
Sun & Sound package - sunroof & the Rockford-Fosgate stereo
Navi w/latest update
Towing package
1 year/34K left on the factory extended warranty / remainder of 10yr/100K powertrain which should be transferable
Factory cargo net, mud guards, etc. Aftermarket/dealer installed remote start. Basically all options except rear entertainment.
Tires are a year old with 7-8K miles on them. The windshield was replaced due to a flying rock & 1 exterior mirror replaced due to a parking lot event (gotta love finding random damage to your car when you come back to it) but no actual accidents.
For condition, there's 1 bumper scrape smaller than a dime & a couple of minor door dings. No significant wear on the interior.
Dealer serviced. No brake job needed so far though I suspect that'll change soon.

qbrozen

as Terry used to say, I am not the post office. But there aren't many of these out there anyway, and none with those miles, so it doesn't matter. Figure maybe $11k right now.