Real-World Trade-In Values

stickguy

Interesting. My pulled out of (content deleted) guess was 20k. Not too bad. I only paid IIRC 32k for it, and the 2017s are about to come out.

Compared to a lease, effectively about $250/month over almost 4 years, plus interest and tax. Plus I own it outright next summer. Will just keep this as the big box store and moving the kid car, which is basically what it has already become.

Sandman6472

Saw a newish MDX in black over black at the Honda dealer today. Very sharp looking in that color combo though a bit too large. Did look at the ILX back in 2013 but only liked the top tier model and it was a bit past my limit at the time. Have decided with the Golf to go a bit above my comfort zone and will in the future. At this stage of my life, just isn't worth it anymore to always go the economy way...after working hard all these years figure we need to reward ourselves which just means the kids will inherit less!

The Sandman

andres3

sandman_6472 said:

Saw a newish MDX in black over black at the Honda dealer today. Very sharp looking in that color combo though a bit too large. Did look at the ILX back in 2013 but only liked the top tier model and it was a bit past my limit at the time. Have decided with the Golf to go a bit above my comfort zone and will in the future. At this stage of my life, just isn't worth it anymore to always go the economy way...after working hard all these years figure we need to reward ourselves which just means the kids will inherit less!

The Sandman

A nice Golf isn't a terrible thing to inherit either.

henryn

This is for a good friend who is thinking of unloading her SUV. She has had several problems recently (air conditioning for $1,000, and now a water pump for $600). Sounds like Jeopardy, doesn’t it? (smile)

Location: Houston, TX
2011 GMC Acadia, SLT-1, 88k miles, color White Diamond Tricoat.

FWD, not AWD

One owner, purchased new, never wrecked, clean but not perfect, tires not new but Okay.

Looking for recent auction values, please.

qbrozen

$12k-$13k, depending how they feel that day. I'm seeing Texas values from $12.5k-$14.5k.

carperso

Would it be wise to buy one of the tdi models affected by the dieselgate scandal used. Something 3-4 years old under 50k miles. What kind of problems should i expect? I dont really drive so much that a diesel would really save money (about 15k a year). But considering the paranoia and the scandal, would i get a good deal to take the risk. If so where should i look for one?

Mr_Shiftright

I would keep in mind the car buying mantra of distress sales: "Whatever it is that allows you to buy a for cheap, that same thing will haunt you when you sell it".

So if you get a screamin' deal on one and you're in for the long haul, maybe not a bad idea. But I can see any number of things going wrong down the road. The whole situation is still quite unsettled.

henryn

qbrozen said:

$12k-$13k, depending how they feel that day. I'm seeing Texas values from $12.5k-$14.5k.

Thanks, Q. Appreciated as always. She took it in to Texas Direct Auto (a local competitor to Carmax), and they offered her $13.5. I told her to try Carmax as well. I'm trying to give her a little guidance on this, but she is leaning towards leasing as she wants more car (or SUV in this case) with a smaller payment. And I know nothing about leasing (never did it, nor seriously contemplated it). So I may be asking more questions here in the coming days.

Michaell

henryn said:

qbrozen said:

$12k-$13k, depending how they feel that day. I'm seeing Texas values from $12.5k-$14.5k.

Thanks, Q. Appreciated as always. She took it in to Texas Direct Auto (a local competitor to Carmax), and they offered her $13.5. I told her to try Carmax as well. I'm trying to give her a little guidance on this, but she is leaning towards leasing as she wants more car (or SUV in this case) with a smaller payment. And I know nothing about leasing (never did it, nor seriously contemplated it). So I may be asking more questions here in the coming days.

Your humble hosts stand ready to answer any and all lease related questions ...

... just do us a favor, and post in the correct make / model discussion thread.

That way, everybody benefits from the information.

carperso

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

nyccarguy

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Mr_Shiftright

We can check CARFAX if you post the VIN

qbrozen

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Would be $30k-$31k without the history. I can't tell you what it would be with the 2 accidents.

carperso

Mr_Shiftright said:

We can check CARFAX if you post the VIN

TIA. WAUFGAFC7EN143600

carperso

nyccarguy said:

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Inattentive driver on the phone!! ( Both times.) First guy had some small insurance. They were a pain to work with. Repairs took almost a month.

andres3

carperso said:

nyccarguy said:

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Inattentive driver on the phone!! ( Both times.) First guy had some small insurance. They were a pain to work with. Repairs took almost a month.

15% is a good rule of thumb for diminished value.

Mr_Shiftright

Yep, the accident is on CARFAX as rear end damage, says no air bag deployment, no structural damage---so it's not as bad as it could have been.

nyccarguy

carperso said:

nyccarguy said:

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Inattentive driver on the phone!! ( Both times.) First guy had some small insurance. They were a pain to work with. Repairs took almost a month.

Ouch! I hope nobody was injured

carperso

andres3 said:

carperso said:

nyccarguy said:

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Inattentive driver on the phone!! ( Both times.) First guy had some small insurance. They were a pain to work with. Repairs took almost a month.

15% is a good rule of thumb for diminished value.

Wow. Seems quite harsh. Is that per accident. So 30k and minus the 15% we re looking at roughly 25-26K? (

carperso

Mr_Shiftright said:

Yep, the accident is on CARFAX as rear end damage, says no air bag deployment, no structural damage---so it's not as bad as it could have been.

Yup. It was a pretty hard hit but yeah No airbags were deployed.

I wonder when carfax starts reporting structural damage. My other car was involved in a side impact. No airbag was deployed. It had to be towed. I expected onstar to contact emergency services. It didnt. The reps told me the impact was not hard enough to activate the sensors. I wonder if that shows on carfax as structural damage. 1G1PE5SB3G7141439.

Mr_Shiftright

Man, you need to get those giant magnets out of your doors!

Yes, CARFAX says

"Accident reported
Involving right side impact
Vehicle towed
Front airbag deployed"

andres3

carperso said:

andres3 said:

carperso said:

nyccarguy said:

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Inattentive driver on the phone!! ( Both times.) First guy had some small insurance. They were a pain to work with. Repairs took almost a month.

15% is a good rule of thumb for diminished value.

Wow. Seems quite harsh. Is that per accident. So 30k and minus the 15% we re looking at roughly 25-26K? (

Multiple accidents doesn't make any difference as the damage is already done and completed with the first accident, unless of course the second accident affects an entirely different area AND was significantly more severe than the first.

The diminished value takes into account the real diminished (the fact that body shops generally suck compared to factory workers and robots), and perceived diminished (the fact people know dealing with accident damaged cars can be a pain in the rear). Also, with a significant collision, the frame/body is weakened/fatigued, and therefore not quite as safe, and therefore not certifiable "used" any longer (with major rear-end damage). Due to being unable to be certified for used sale, it loses value on the market.

This is why you need to sue the at-fault parties for diminished value when accidents happen as insurance companies don't mind (are all too happy) leaving you to pay the tab for their insured's recklessness, negligence, and incompetence.

carperso

Mr_Shiftright said:

Man, you need to get those giant magnets out of your doors!

Yes, CARFAX says

"Accident reported
Involving right side impact
Vehicle towed
Front airbag deployed"

andres3 said:

carperso said:

andres3 said:

carperso said:

nyccarguy said:

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Inattentive driver on the phone!! ( Both times.) First guy had some small insurance. They were a pain to work with. Repairs took almost a month.

15% is a good rule of thumb for diminished value.

Wow. Seems quite harsh. Is that per accident. So 30k and minus the 15% we re looking at roughly 25-26K? (

Multiple accidents doesn't make any difference as the damage is already done and completed with the first accident, unless of course the second accident affects an entirely different area AND was significantly more severe than the first.

The diminished value takes into account the real diminished (the fact that body shops generally suck compared to factory workers and robots), and perceived diminished (the fact people know dealing with accident damaged cars can be a pain in the rear). Also, with a significant collision, the frame/body is weakened/fatigued, and therefore not quite as safe, and therefore not certifiable "used" any longer (with major rear-end damage). Due to being unable to be certified for used sale, it loses value on the market.

This is why you need to sue the at-fault parties for diminished value when accidents happen as insurance companies don't mind (are all too happy) leaving you to pay the tab for their insured's recklessness, negligence, and incompetence.

How late can I sue. I mean one of the accidents was last year. The other was couple of months ago. I didnt know better at that time. And is it even possible to do so on a lease. I mean technically audi financial owns the car.

carperso

Mr_Shiftright said:

Man, you need to get those giant magnets out of your doors!

Yes, CARFAX says

"Accident reported
Involving right side impact
Vehicle towed
Front airbag deployed"

Thanks. Yup. Haha.

andres3

carperso said:

Mr_Shiftright said:

Man, you need to get those giant magnets out of your doors!

Yes, CARFAX says

"Accident reported
Involving right side impact
Vehicle towed
Front airbag deployed"

andres3 said:

carperso said:

andres3 said:

carperso said:

nyccarguy said:

carperso said:

2014 audi A6 3.0T premium plus quattro
Glacier white metallic on black
32k miles
Bose, 19inch wheels, sport package, side assist, audi care
New england area

Ps (Been rear ended twice. Work done at dealership with warranty. Not sure if it shows up on carfax. Will this affect value, if so how much)

Miraculously, the rear end damage (twice? Really? Details please.) only negatively affects the trade in value, but expect to pay full price retail :@

Inattentive driver on the phone!! ( Both times.) First guy had some small insurance. They were a pain to work with. Repairs took almost a month.

15% is a good rule of thumb for diminished value.

Wow. Seems quite harsh. Is that per accident. So 30k and minus the 15% we re looking at roughly 25-26K? (

Multiple accidents doesn't make any difference as the damage is already done and completed with the first accident, unless of course the second accident affects an entirely different area AND was significantly more severe than the first.

The diminished value takes into account the real diminished (the fact that body shops generally suck compared to factory workers and robots), and perceived diminished (the fact people know dealing with accident damaged cars can be a pain in the rear). Also, with a significant collision, the frame/body is weakened/fatigued, and therefore not quite as safe, and therefore not certifiable "used" any longer (with major rear-end damage). Due to being unable to be certified for used sale, it loses value on the market.

This is why you need to sue the at-fault parties for diminished value when accidents happen as insurance companies don't mind (are all too happy) leaving you to pay the tab for their insured's recklessness, negligence, and incompetence.

How late can I sue. I mean one of the accidents was last year. The other was couple of months ago. I didnt know better at that time. And is it even possible to do so on a lease. I mean technically audi financial owns the car.

I think you are within any State's statue of limitation time-wise, though if you agreed to a settlement and took the money you likely signed your rights (on a release) away already (settled the claim)? As to going after this on a lease, I think that might be a roadblock. Just turn it in at the end of the lease and you suffer no loss. I think this is one of the big advantages of leasing; though I bet your replacement rental car was far inferior to a 3.0L Supercharged Audi A6!

carperso

I did settle both claims. Yes and no. The first time was a fiasco. I was never contacted by their adjustor. Car sat in my garage for a week. They never gave a rental. I had to demand it and was given a corolla. The second time it was state farm i believe. They asked me my choice of rental company. I picked the local enterprise which put me in a 2016 GMC Yukon Denali for no charge. It was a welcome change. I never drove such a big suv/truck before. I wasnt complaining.

Mr_Shiftright

I rather doubt (but am not sure) that you could argue successfully a diminished value claim on a vehicle that already had a previous accident, since the first accident had already diminished its value.

xwesx

Mr_Shiftright said:

I rather doubt (but am not sure) that you could argue successfully a diminished value claim on a vehicle that already had a previous accident, since the first accident had already diminished its value.

From my experience, that is absolutely true... except in situations where the damage from the current event was to a previously-undamaged area of the vehicle.

stickguy

If it is a lease, then you are covered. Hand it back and walk away.

andres3

xwesx said:

Mr_Shiftright said:

I rather doubt (but am not sure) that you could argue successfully a diminished value claim on a vehicle that already had a previous accident, since the first accident had already diminished its value.

From my experience, that is absolutely true... except in situations where the damage from the current event was to a previously-undamaged area of the vehicle.

Not only that, but it would be a very steep hill to climb. You'd have to show the first accident was minor and didn't diminish value in a significant way, but the second one did because it was more severe and damaged structural components; that's the key; "frame" damage is killer on lossed value.

Mr_Shiftright

Yep, frame damage or major panel replacements (i.e., welding, cutting, etc).

isellhondas

andres3 said:

28firefighter said:

nyccarguy said:

28firefighter said:

My buddy took his Civic to Carmax tonight to get a number. $6500 was the appraised offer. 

I was floored. 

That's damn impressive

I asked him if the appraiser looked like he was high - that's how off the wall I think that number is. 

Nope, I hate to say I told you so! But, I predicted the $6,500 offer from Carmax based on the following:

1) Carmax loves Hondas, and loves Civics in particular.
2) They will turn around and sell it quickly; probably in CA for $10,500.
3) We sold our '07 Civic about a year ago for $8,000 to Carmax,, and I adjusted down for your extra year of age and I forget what the mileage adjustment was but that's how I came to $6,500 (plus it's a year later).
4) So my year old data couldn't be too far off (ours was clean/very good condition).

I'd probably match Carmax's offer on a nicely kept/maintained Civic! However, I don't want to pay their asking prices.


A lot of people don't realize this but high demand cars that are in excellent condition like Civics and Corollas will break the bank at auctions. Our used car buyers would have to pay well over book values to be the successful bidder. Then we would have to pay transportation, pay our detailer and who knows what the used
car inspection would reveal? By the time they were ready for our lot we would often be in them for RETAIL
book!

qbrozen

isellhondas said:

A lot of people don't realize this but high demand cars that are in excellent condition like Civics and Corollas will break the bank at auctions. Our used car buyers would have to pay well over book values to be the successful bidder. Then we would have to pay transportation, pay our detailer and who knows what the used
car inspection would reveal? By the time they were ready for our lot we would often be in them for RETAIL
book!

Just to be clear, I am looking at auction results when I give numbers here.

isellhondas

The really nice ones usually never go to auction.

qbrozen

isellhondas said:

The really nice ones usually never go to auction.

i can believe that.

100chuck

All this talk of diminished value and look what happen this morning.

So what is my fully loaded 2010 Taurus SHO located in Michigan with 52,000 miles worth now? After the bumper and passenger panel is repaired I should add.

isellhondas

Keep that photo. It'll show that the damage was not all that bad. A quality body shop will have that looking like new.

explorerx4

Hopefully the fender/headlight can be fixed instead of replaced.

stickguy

always good news if the plastic took the brunt of it. looks worse than it is. In my mind, I don't even consider a bumper fascia replacement bodywork.

hard to tell from the picture, but the fender does not look bad.

100chuck

The fender has about an eight inch crease in it and the headlight cover is all scraped up so they both need to be replace. I wasn't at fault the other driver merged into my lane striking my car. The windshield washer fluid tank sits in that corner and it is leaking. Everything else looks ok.

Mr_Shiftright

Probably very little diminishment, if any, in value if you keep the photos on file. And if it doesn't show on Carfax, all the better, and less explaining to do.

Still probably worth near top dollar with low miles, if it's pretty much pristine----what? $16,000---17,000 or so? (Just a guess here, Q jump in if you like). That's a retail price I mean, maybe a dealer price.

qbrozen

SHO 'Nuff. Top ones are $14.5k-$15k at the block.
I happen to disagree with shifty. I think any accident diminishes value because it just can't be worth the same as the identicle one with no bad history.

Mr_Shiftright

Well we could both be right in the case of "minor" accidents---some buyers will care, some won't at all. On a $20,000 smash up, on the other hand, just about all buyers will care.

stickguy

still the best enticement to lease if you are getting something pricey enough where an accident will have a huge impact, and you know you aren't keeping the car long term. Knowing that they car that had a major accident repair can just be handed back like a perfect one, is nice to know!

100chuck

I'll ask the the used car manager at the dealer where I drop it off for repairs, what the trade in value is after the repairs. The repair estimate from my insurance company is a little bit under $3000.

andres3

Mr_Shiftright said:

Well we could both be right in the case of "minor" accidents---some buyers will care, some won't at all. On a $20,000 smash up, on the other hand, just about all buyers will care.

I think age and type of car are factors as well. I think MORE buyers will care when it is a luxury or sports car, and MORE buyers will care if it is relatively new, vs. 5 years old or more. The diminished value is certainly reduced on a bumper cover when the car is older and more used up. On a brand new car I don't want my bumper fasteners and clips touched! too much potential for breakage and damage during uninstall and reinstall. Also "lost" clips can be an issue. Of course, with cars these days some common repairs not related to accidents require removing the face of the car.

tj11119

Can you help me with a trade in value for a 2016 VW Golf Tsi S trim, 4 Dr MT. 10k Miles, zero damage, San Diego CA. Thanks!

nyccarguy

tijuana19 said:

Can you help me with a trade in value for a 2016 VW Golf Tsi S trim, 4 Dr MT. 10k Miles, zero damage, San Diego CA. Thanks!

Exterior & Interior color combination? How come you are ditching it already?

tj11119

nyccarguy said:

Can you help me with a trade in value for a 2016 VW Golf Tsi S trim, 4 Dr MT. 10k Miles, zero damage, San Diego CA. Thanks!

Exterior & Interior color combination? How come you are ditching it already?

Silk Blue / black.
Wife never got into learning manual trans so i am considering trading if I don't take a huge hit. It's my DD and its nice but a hassle if she can't drive it when it's needed

clm8

Would you give me a trade in value for a 2012 Acura MDX? Base model, AWD, white exterior, beige leather interior, 48,000 miles, no accidents, good tires and brakes, good overall condition. Louisville. Thank you.