Real-World Trade-In Values

qbrozen

There is quite a swing on these qx56. I see $24k up to $33k. Sooo...I guess if we call it a $28k average, then $31k is fair enough.

Spending $30k on a truck with nearly 100k on it probably isn't the smartest move, however

qbrozen

That 128 is only worth about $18k at auction. $22k-$22.5k for CPO seems about right to me.

steine13

Here's one for a friend at the lab... she will probably just trade it in on a new one:

2010 Honda Fit LX automatic, black
28k miles (!), one owner, clean.

Dealer maintained, no accidents or paintwork, no pets/kids/smoking.

Snows on separate rims, so the tires are the originals with ~ 20k on them.

This is in East Lansing, MI. Go Green.

Thanks in advance!
cheers -mathias

henryn

qbrozen said:

There is quite a swing on these qx56. I see $24k up to $33k. Sooo...I guess if we call it a $28k average, then $31k is fair enough.

Spending $30k on a truck with nearly 100k on it probably isn't the smartest move, however

Thanks as always, Q. My opinion about the purchase matches yours, but it's not my decision. I suspect the reason the auction values swing so widely is because they are rather overpriced. But then, every used car is worth exactly what someone will pay for it!

28firefighter

Q,

What is a fair price for a 2013 VW JSW, DSG, 55k miles in the Seattle area?  Gray over black interior. No other options. 

Thanks!

qbrozen

I have no idea on the Fit. I have zero comps to go by. My rough guess is $9k because the highest one I see is a Fit Sport with 46k miles that sold for $9400.

Fair price on the JSW? Somewhere in the $13k-$14k region.

kyfdx

A friend of mine is coming to the end of his 2013 VW CC lease.
It only has 22K miles.
Base model (maybe, that's Sport?)
Metallic brown with two tone, beige-brown leather (sharp!)
6-speed manual transmission.
Tires are original, but otherwise condition is as-new.

It was a 45K mile lease, so his buyout is a low $14,150.

Does he have any equity in it? He likes the car. I told him it seemed like a pretty good buy.

qbrozen

No equity. That is damned close to trade-in value, which I would peg at $13.5k-$14k.

kyfdx

qbrozen said:

No equity. That is damned close to trade-in value, which I would peg at $13.5k-$14k.

Thanks. Not a bad deal then. It's a really nice car, too.

You know.. for a non-TDI.

henryn

kyfdx said:

qbrozen said:

No equity. That is damned close to trade-in value, which I would peg at $13.5k-$14k.

Thanks. Not a bad deal then. It's a really nice car, too.

You know.. for a non-TDI.

Hey! Do not be making fun of "our" new cars!

I'm thinking of proposing a name change, how about "Edmunds Car Talk and TDI Forums"?

steine13

qbrozen said:

I have no idea on the Fit. I have zero comps to go by. My rough guess is $9k because the highest one I see is a Fit Sport with 46k miles that sold for $9400.

They tried to offer her $5000 and eventually came up to $7 even.
I can understand their point of view -- it's a six-year old in the rust belt, without remote locks or cruise control. I suspect they don't want to have it on the lot for a five-figure asking price.
Still, $5 is goofy.

It might not have helped that there is some outstanding Takata business to take care of. Until they get the parts, this Honda will just have to sit.

Thanks a lot for the information -- it really helped her say NO a couple of times.
cheers -mathias

Sandman6472

Thanks Q, they're asking $22,400 so you're right on the mark for this CPO unit. Do like it but again, felt awfully heavy compared to my Golf. Liked the Coral interior, a nice color change like that makes it look like a more expensive vehicle. I know you had an 135 but don't remember why you got rid of it.
As of now, have looked at the BMW and Mini and will give a Tiguan a shot next week. But will probably stay the course as I've already pre-paid for the 30K service so might as well keep it till I get that done. The way I'm going, looks to be by mid- April I should be there. Figure a 2 year old vehicle with 30K on the clock should be worth something and might try selling it myself. A friend of mine who works at a local tire shop said I might get more from a kid looking to get into a cheapish VW. And he just could be right on this.

The Sandman

tj11119

Q, appreciate your insight on a 2016 VW GTI S trim 4dr with DSG Silver with 12k miles. It is a CPO and looks pretty good condition. Socal VW dealer.

For what they are asking (24.5k) one can get a new GTI easily right now, with some cash to spare, What do you see might be a fair offer?
I am trying to decide if I should just go ahead and get a new one considering current incentives and heavy discounts, or might I be able to squeeze a better deal from this CPO example?

Thanks in advance!

nyccarguy

24.5K for a 2016 with 12K miles on it? Buy new. I think they have 0% financing for 60?months plus $500 cash back.

Sandman6472

I'm never lucky enough to hit 0% financing with added cash for some reason, cause I might take the deal and finance instead of writing a check. So plan is to check out the CR-V and see how it drives, heck, I might not even like the way it drives! Like the new Civic but not enough to buy one...think I'm going to steer my kid in that direction when she's ready. Not sure which platform the HR-V is on, the Fit or the Civic. Like the purple and green colors for some strange reason, just wish the blue were closer to the VW blue that I've got.
After that, think I'll stop looking for awhile. Wanting to change my smartphone from android to Apple so am dealing with Craigslist. Wanting an iPhone 6 or 6s. Like android but have a mid-level LG unit which only has 8 gigs of internal storage filled with bloatware. Have gotten rid of as much as I can and also have an s d card. Only problem is a lot of the apps will not go onto the s d card. And since my desktop windows computer is basically dead in the water, my only computer is my MacBook Pro, an Apple laptop. Just want to be in sync I guess. Just need to find the right used phone at the right price and then try to sell my LG. Lots of crazies on Craigslist!!!

The Sandman

qbrozen

tijuana19 said:

Q, appreciate your insight on a 2016 VW GTI S trim 4dr with DSG Silver with 12k miles. It is a CPO and looks pretty good condition. Socal VW dealer. For what they are asking (24.5k) one can get a new GTI easily right now, with some cash to spare, What do you see might be a fair offer? I am trying to decide if I should just go ahead and get a new one considering current incentives and heavy discounts, or might I be able to squeeze a better deal from this CPO example? Thanks in advance!

They are floating very close to $20k, so $22.5k-$23k is fair

henryn

I just checked with Truecar, and they say $24,724 for a brand new one. VW GTI S, 4 dr, DSG, $500 for American Express, $500 for captive finance, total with incentives is only about $1.7k to $2.2k more than that used one. I know what I would do ...

tj11119

qbrozen said:

tijuana19 said:

Q, appreciate your insight on a 2016 VW GTI S trim 4dr with DSG Silver with 12k miles. It is a CPO and looks pretty good condition. Socal VW dealer.

For what they are asking (24.5k) one can get a new GTI easily right now, with some cash to spare, What do you see might be a fair offer?
I am trying to decide if I should just go ahead and get a new one considering current incentives and heavy discounts, or might I be able to squeeze a better deal from this CPO example?

Thanks in advance!

They are floating very close to $20k, so $22.5k-$23k is fair

Thanks Q. I don't know how these guys are going to move those used cars at that price.

tj11119

henryn said:

I just checked with Truecar, and they say $24,724 for a brand new one. VW GTI S, 4 dr, DSG, $500 for American Express, $500 for captive finance, total with incentives is only about $1.7k to $2.2k more than that used one. I know what I would do ...

I know!..I just checked trucar with my zip and its 5k off plus 0% APR. Lets see if they stand behind their offer...

qbrozen

tijuana19 said:

tijuana19 said:

Q, appreciate your insight on a 2016 VW GTI S trim 4dr with DSG Silver with 12k miles. It is a CPO and looks pretty good condition. Socal VW dealer. For what they are asking (24.5k) one can get a new GTI easily right now, with some cash to spare, What do you see might be a fair offer? I am trying to decide if I should just go ahead and get a new one considering current incentives and heavy discounts, or might I be able to squeeze a better deal from this CPO example? Thanks in advance!

They are floating very close to $20k, so $22.5k-$23k is fair

Thanks Q. I don't know how these guys are going to move those used cars at that price.

You'd be surprised how many uneducated consumers are running around out there. They'd look at the MSRP of a new one and fhink the CPO is a bargain.

stickguy

I can't imagine having to deal with used phones off CL. I just buy a new one when it is time.

suydam

Me too. I get them at the Apple Store. So much less hassle!

tjc78

I've been doing the Next plan on ATT. New phone every year. Ordered my last one from my sofa on the ATT app. It was at my office desk by 10 am the next morning with a prepaid envelope to send my trade back. No fuss, easy as pie. I want a new phone every year anyway so the Next (really a lease) works for me (and the wife).

qbrozen

ATT pretty much forced me into the Next plan. I chose fhe 18-mo option, so I'm eligible for a new one in September. Problem is, I'd only be going from a 6+ to a 6s+. Was hoping the 7 would be out before it was time to swap.

xwesx

qbrozen said:

ATT pretty much forced me into the Next plan. I chose fhe 18-mo option, so I'm eligible for a new one in September. Problem is, I'd only be going from a 6+ to a 6s+. Was hoping the 7 would be out before it was time to swap.

No worries, Q. It will come out a week or two after your swap.

tjc78

With it being that close you could just pay once more installment and then trade up. 7 should be out in October.

stickguy

my phone is out of contract this week, so I can buy another (on the installment plan) in a few days. But, plan to hold off for now. My iphone 5 still works fine, and will be just $20/month when the contract date hits. If I get a new one, it will also be $20/month on the plan, but I will have to also pay the $25-30/month on the new phone to buy it.

Hey, just like trading in a paid off car with insurance, and buying one that comes with a loan!

kyfdx

stickguy said:

my phone is out of contract this week, so I can buy another (on the installment plan) in a few days. But, plan to hold off for now. My iphone 5 still works fine, and will be just $20/month when the contract date hits. If I get a new one, it will also be $20/month on the plan, but I will have to also pay the $25-30/month on the new phone to buy it.

Hey, just like trading in a paid off car with insurance, and buying one that comes with a loan!

I'm with A.T.&T, and I save $25/mo. per line, per month by buying the phone. I can't make leasing work out, though I don't need a new phone every 18 months, either.

henryn

If you're with AT&T, and not under contract, you might want to consider Cricket. Same phone towers, same basic network, less money.

Sandman6472

AT&T here also, also on the Next plan but we are contractless, yay!! My oldest bought her iPhone5 outright, got my LG G Vista on the Next plan, the younger girl bought a AT&T To Go Phone for her and her mother so only I am making payments. Think I only have 13 payments left at this juncture. Our son went to Cricket wireless in Chicago so now, we're down to a 4 phone contract.
The iPhone is super expensive to be honest, I know my oldest went to a pawn shop with her iPhone 4 and they gave her a decent amount towards it. Found a guy who wants to sell me his iPhone 6 for $350 but haven't jumped yet as just not sure. Oldest said she'd sell me her "5" for a great deal if her sister doesn't take it from her but not sure I want old tech either, want new. And not sure if I really want to leave android. Really want a phone with more than 8 gigs of memory on the phone, want at least 16. A lady at the AT&T store showed me a way to go into a few of the app's I had through the internet thus freeing up space in the memory...just get on through yahoo.com. Also uses less power that way. Found that not every app is moveable over to a s d card, the majority of them are not.
Get a decent discount with AT&T due to being a postal service person and not sure if Cricket wireless does the same thing. I will find out before I do something. But think I'm ready to become an apple person to go along with my laptop, also an apple product. My old p c desktop is basically dead and need to clean my old stuff out and dump the cpu. Would love to use my MacPro on that monitor when I sit at my desk but have heard that it ain't possible. That sucks!!
So here I sit, not knowing what to do!!! Help!

The Sandman

suydam

Buy a new iPhone and stop torturing yourself! I keep mine 3-4 years si I don't mind springing for a new one every now and then.

kyfdx

henryn said:

If you're with AT&T, and not under contract, you might want to consider Cricket. Same phone towers, same basic network, less money.

I have a corporate rate with 20 GB of data. It's pretty cost-efficient with three phone lines. If I were a single user, there is no way I'd stick with AT&T or Verizon.

Our old carrier sold out to Verizon, but their phones/network were compatible with AT&T. That's really why we chose one over the other. Only had to buy one new phone. If we went to Verizon, we would have had to buy three of them. Had the same rate deal there, but three iPhones? shewwww

We've been pretty lucky. My wife's phone is over two years old. Mine, which I inherited from my son is nearly three years old, and his iPhone 6+ is almost two years old. With that kind of longevity, we'll just keep buying, I think.

stickguy

my 5 is at least 2.5 years at this point. and the wife's about 2? she has a 6. both are fine for now. the daughter, she chews through phones (college students live on them)

Michaell

iPhone 6 for the wife and I through Sprint

Daughter has an iPhone 5, through Verizon

And, I just got an iPhone SE with 64GB as my primary work phone - I paid $50 for the upgrade from 16GB to 64GB, and the company pays the bill each month.

What I'd really like to spring for are the Bose Quiet Comfort headphones, but I'm having a hard time justifying the $350 cost.

kyfdx

Hey @qbrozen . Can you drop in here and tell this lady a good price for the Escape she is looking to buy?

http://forums.edmunds.com/discussion/42177/general/x/little-old-lady-in-tennis-shoes-needs-advice#latest

sbuhler

Would appreciate realistic trade-in value and private party value on the following (vehicle is listed on cargurus, craigslist, ebay, and cars.com currently and unfortunately no bites yet - about 3 weeks).

2012 Mazda CX-9 Grand Touring AWD
Crystal White Pearl Mica
Bose/Moonroof Package, Power Liftgate Package
54,000 miles
near mint condition, brand new $1200 tires less than 4,000 miles ago
all maintenance done early, have full records
New Orleans, LA area

We have our next vehicle on order and will be here in about 2 months and so was trying to sell the car to a private party beforehand. Looks like it unfortunately might get traded if someone is not interested as tax in my area for car purchases is 10% and I get that credit when trading in. Thanks for your help on current values.

qbrozen

For a trade, you are probably looking at $17.5k. With your tax credit bringing your realized value up to $19.5k, I don't think it would be worth selling yourself, as you'd probably see $20k at best.

sbuhler

Thanks qbrozen for the information. I was hoping for about 18 on trade in. I have it listed for 20,900 hoping to get right above 20,000 selling myself. I guess I will leave it up for sale and if I can net 20 I will sell it private party. I have 2 months before the new vehicle is in so there is still some hope.

mkupneski

Hello car gurus. I would appreciate your thoughts on a realistic trade-in value and private party value on my wife's vehicle:

2011 Toyota Sequoia Limited 4x4 5.7L Flex Fuel V8
Black with Tan interior
Navigation, Rear Seat Entertainment
20" Alloy Wheels
88,000 miles
Excellent mechanical condition - all records (dealer maintained), newer tires, new shocks and brakes in past year. Couple of minor scrapes on front bumper. No accidents or body work.

If I were to sell it private party what type of premium should I look for over trade-in value.
Many thanks in advance for your help.
Michael

stickguy

need to know where you are located.

mkupneski

stickguy said:

need to know where you are located.

Sorry - located in Ohio (45040).

qbrozen

Probably looking at $30k trade.

expensive vehicle to try to sell private party, but you never know. Being what it is, I might try to be bold at $34.9k asking but $33k should take it home.

mkupneski

qbrozen said:

Probably looking at $30k trade.

expensive vehicle to try to sell private party, but you never know. Being what it is, I might try to be bold at $34.9k asking but $33k should take it home.

Much appreciated. Thank you!!!

nyccarguy

@qbrozen - what do you think of the price of this car: http://www.arnoldchevroletbuick.com/VehicleDetails/certified-2015-Buick-Regal-GS-West_Babylon-NY/2708414743

2015 Buick Regal GS AWD
Red/Black
Automatic
3,000 Miles (that's three thousand)
Looks Loaded

qbrozen

VIN shows up as FWD in Manheim app. With those miles, worth about $26k at the block. $3500 markup for CPO isn't bad.

nyccarguy

Thx! Dealer has it listed as an AWD model.

stickguy

Nice looking. Needs more sidewall though!

Mr_Shiftright

Dealer listings often have errors. They tend to hire young, new people to do data entry and some of them don't know their way around cars very well. It's always best to look carefully at all the photos to verify whatever you can.

mjfloyd1

Thinking of joining the TDI fray...

This is going to be ugly but looking for trade in value of 2012 Acura MDX (Bloomington, IN) with 117K miles (yes 117K). All maintenance up to date including timing belt, water pump, coolant, etc and new shocks, struts and front sway bar end links at 103k. All synthetic oil changes per maintenance reminder and all transmission and rear diff fluid changes. Tires 50%, front brakes 50%, rear brakes 80%. Did have hail damage fixed by PDR a few months ago. Burgundy with tan leather. Paint looks great - had opticoat paint coating put on a year or so ago. No door dings. Interior with no rips or tears. No funny smells. Always had floor liners so carpet and mats in good shape.

Keep and run into the ground or join TDI shenanigans ???

qbrozen

This is a base model?
i have zero comps with those miles. Looking at the lowest auction price and extrapolating, I'll take a stab at 13k-14k.