Real-World Trade-In Values

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Comments

  • kyfdxkyfdx Moderator Posts: 267,518
    henryn said:

    kyfdx said:

    stever said:

    How'd you do the money part?

    Met at my bank... gave him a cashier's check.
    That's what I like to do, only I use a credit union. If they see the teller at the credit union cut the cashier's check, they can rest easy that it is not a fake check.


    Exactly.. when they see you procure the check from the teller at the bank, then no worries.

    The only vehicles I've bought out of town from private sellers were cash deals. We still met at the bank to get the paperwork notarized.

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  • stickguystickguy Member Posts: 53,515
    Good luck doing that at an internet bank over your smart phone

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • henrynhenryn Member Posts: 4,289
    kyfdx said:

    henryn said:

    kyfdx said:

    stever said:

    How'd you do the money part?

    Met at my bank... gave him a cashier's check.
    That's what I like to do, only I use a credit union. If they see the teller at the credit union cut the cashier's check, they can rest easy that it is not a fake check.


    Exactly.. when they see you procure the check from the teller at the bank, then no worries.

    The only vehicles I've bought out of town from private sellers were cash deals. We still met at the bank to get the paperwork notarized.
    Here in Texas, they no longer require a notary for the title paperwork.

    2023 Chevrolet Silverado, 2019 Chrysler Pacifica
  • kyfdxkyfdx Moderator Posts: 267,518
    stickguy said:

    Good luck doing that at an internet bank over your smart phone

    The best thing that's happened for transactions like that is grocery store bank branches. Around here, open on Sundays and Holidays. And, until 7:00 PM. Always a notary available.

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  • Sandman6472Sandman6472 Member Posts: 7,235
    Never have sold myself yet but eventually, might do the Golf that way. My mechanic said that there's a market out there of kids that like VW products and mine looked particularly good in that blue color and the fancier rims. Said if it were his, no way he'd trade it to a dealer. So when the time comes, something to look into. Luckily in Florida, we do get the tax advantage with the dealer sale.

    The Sandman :)B)

    2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)

  • brian125brian125 Member Posts: 5,244
    Here is a sound selling tip I gave to poster @mdx2050 that I always do and others I'm helping. Weeds out scammers and joy riders.

    When selling my vehicles privately / on Auto- trader, Cars.com , Craigslist etc. If your selling a vehicle @15k, 20k,30k, 40k and other buyer has not been Pre-approved , Approved or telling you COD they do not get to look/ test drive my vehicle.

    Most serious buyers are Pre or approved. When I was thinking of selling my Genesis 2 years ago I told buyers bring your pre approved loan proof or don't bother knocking. Same with my old X-5.

    23 Telluride SX-P X-Line, 23 Camry XSE

  • 64221306422130 Member Posts: 47
    Looking for a trade in value: 2013 GMC Terrain, AWD SLT2, white, clean, very clean, 62k, needs tires. central NJ
  • stickguystickguy Member Posts: 53,515
    There you go Q. Your new car is ready.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • qbrozenqbrozen Member Posts: 33,761
    6422130 said:
    Looking for a trade in value: 2013 GMC Terrain, AWD SLT2, white, clean, very clean, 62k, needs tires. central NJ
    Which engine?

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • 64221306422130 Member Posts: 47
    Sorry I forgot that.  It's a 6 cylinder
  • qbrozenqbrozen Member Posts: 33,761
    I appreciate the fact it is a Denali, but I can get a 2015 SLT for the same money as that 2013.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • brian125brian125 Member Posts: 5,244
    Didn't know specific's on what model your looking for ? I'll keep me eye open if I see something worth while looking into.............. SLT, 1 or 2.

    23 Telluride SX-P X-Line, 23 Camry XSE

  • qbrozenqbrozen Member Posts: 33,761
    edited October 2016
    Oh, I have found plenty for sale. It is on my short list still. Probably the best value, really, since I can get one with mileage under 20k for the low $20s. I still have yet to drive the Infinitis, though, so we'll see.

    I'm not sure how the packages work. Most I have found say they are just SLT. I do want leather, power, heated seats. I don't even use a moonroof myself, but feel I probably should get one with it since most buyers want one and I'd like it to retain as much value as possible. And it HAS to have the 3.6, which means 2013 or better.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • andres3andres3 Member Posts: 13,956

    Wire transfer is the safest. You bring your title and a Fedex envelope to your bank officer. When the money is wired and appears in your bank account, it's REALLY there. And then the bank officer can drop the title in the mail. That puts you and your out of state buyer at ease. If it's an "in person" buyer, you can both go to your bank and do the deal however you are comfortable.

    But doesn't anyone besides me feel like giving the bank $25 to $30 for a wire transfer is blood money? I hate paying bank fees to use my own money.
    '18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Well there is that but consider it like an escrow service. And if the buyer is out of state, and $30K-$40K is involved, seems like cheap insurance to me. It is the safest way.

    The only other alternatives are cash, if someone from out of state wants to carry that much with them, or a cashier's check, which can be forged, and your bank may not be able to detect this in time. The whole transaction will go through, even at your bank, and the cashier's check can still bounce.
  • steverstever Guest Posts: 52,454
    edited October 2016
    andres3 said:

    Wire transfer is the safest. You bring your title and a Fedex envelope to your bank officer. When the money is wired and appears in your bank account, it's REALLY there. And then the bank officer can drop the title in the mail. That puts you and your out of state buyer at ease. If it's an "in person" buyer, you can both go to your bank and do the deal however you are comfortable.

    But doesn't anyone besides me feel like giving the bank $25 to $30 for a wire transfer is blood money? I hate paying bank fees to use my own money.
    Schwab is supposedly $25, but every time I've wired funds through them, they've waived the fee, probably because I rarely need to wire money. Lately I just set up an interbank transfer and that's free on both ends (depending on the bank I suppose).
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    I don't know how cashier's checks got a reputation for being airtight, but they ain't!
  • brian125brian125 Member Posts: 5,244
    edited October 2016
    The biggest scam is pulling out your money at a out of network cash machine. Want a quick $20 it just cost you 25 dollars..

    23 Telluride SX-P X-Line, 23 Camry XSE

  • xwesxxwesx Member Posts: 17,708
    brian125 said:

    The biggest scam is pulling out your money at a out of network cash machine. Wanna a quick $20 it just cost you 25 dollars..

    Quite true! At least the fees on withdrawals tend to be fixed (such as a flat $2-to-$5 fee), so if you take out more, you create better economy of scale. I generally pull a few hundred out if I'm going to use a machine that charges me. That way, the fee is mostly just a pittance.
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • tbirdmarcotbirdmarco Member Posts: 3,838
    Love this foram. New member hear in this bord. I have bin an follower of Edmans for menny years since 2005 if I can be of any help to anyone in there car hunting and shopping pleas let me no. have an grate night to all. Thankyou
  • steine13steine13 Member Posts: 2,825
    Regarding the cashier's check issue -- how about using a postal money order instead?

    Would a fraud attempt not trigger all sorts of penalties if one were to mess with it, thus setting the threshold a bit higher?

    Three things I don't mess with is the laws of phyisics, the IRS, and the US postal service...

    cheers -mathias
  • xwesxxwesx Member Posts: 17,708
    edited October 2016
    6422130 said:

    Sorry I forgot that.  It's a 6 cylinder

    Just a quick refresh of 642's response regarding the GMC Terrain's engine type: 3.6L. Given the tiny little post in the midst of all those giants on the last page, I figure it may have been missed. :)
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • qbrozenqbrozen Member Posts: 33,761
    xwesx said:
    Sorry I forgot that.  It's a 6 cylinder
    Just a quick refresh of 642's response regarding the GMC Terrain's engine type: 3.6L. Given the tiny little post in the midst of all those giants on the last page, I figure it may have been missed. :)
    That it was!

    So, 2013 Terrain AWD V6 SLT with 62k needing tires...that'll put you right about $15.5-16k.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • 64221306422130 Member Posts: 47
    Thanks. That's exactly what I figured.....trying for low 16s
  • corgilady11corgilady11 Member Posts: 2
    edited October 2016
    trying to get an idea on where we stand on our current lease.

    2015 Lexus RX350 FWD
    starfire pearl (white), black interior.
    11,500 miles
    clean like new condition, other than a couple of scratches on the back panel that opens the trunk (no accident or anything like that, almost looks like someone took a key to it.)
    options are few, it has premium package & blind spot monitor only (no nav or heated/vent seats). orig MSRP was $44,985.

    current buyout $32,554.53
    payments left $7,670.74
    residual $26,991

    located in dallas/ft worth area if it matters
  • qbrozenqbrozen Member Posts: 33,761
    About $30.5-$31k

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • jkipsterjkipster Member Posts: 272
    Please provide the dealer purchase value of a 2016 BMW 535d Rwd Graphite/Mocha with the premium, luxury line/seating, B&O sound with 16k miles in SoCal?

    Thanks!
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • qbrozenqbrozen Member Posts: 33,761
    jkipster said:
    Please provide the dealer purchase value of a 2016 BMW 535d Rwd Graphite/Mocha with the premium, luxury line/seating, B&O sound with 16k miles in SoCal? Thanks!
    Is this yours or one you are looking at? Because a dark grey with 16,100 miles just sold in NJ a little over 2 weeks ago for $47k. It was rated below average. Should have been closer to 49 if in good condition. If you are trading, you should be looking for $47-$48k if it is clean with no past body work.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • 28firefighter28firefighter Member Posts: 9,853
    jkipster said:
    Please provide the dealer purchase value of a 2016 BMW 535d Rwd Graphite/Mocha with the premium, luxury line/seating, B&O sound with 16k miles in SoCal? Thanks!
    That is one pretty car - if the one I found is the one you're asking about. 
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • jkipsterjkipster Member Posts: 272
    qbrozen said:
    jkipster said:
    Please provide the dealer purchase value of a 2016 BMW 535d Rwd Graphite/Mocha with the premium, luxury line/seating, B&O sound with 16k miles in SoCal? Thanks!
    Is this yours or one you are looking at? Because a dark grey with 16,100 miles just sold in NJ a little over 2 weeks ago for $47k. It was rated below average. Should have been closer to 49 if in good condition. If you are trading, you should be looking for $47-$48k if it is clean with no past body work.
    Looking to buy from a dealer. It should be near pristine.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • 28firefighter28firefighter Member Posts: 9,853
    jkipster said:
    qbrozen said:
    jkipster said:
    Please provide the dealer purchase value of a 2016 BMW 535d Rwd Graphite/Mocha with the premium, luxury line/seating, B&O sound with 16k miles in SoCal? Thanks!
    Is this yours or one you are looking at? Because a dark grey with 16,100 miles just sold in NJ a little over 2 weeks ago for $47k. It was rated below average. Should have been closer to 49 if in good condition. If you are trading, you should be looking for $47-$48k if it is clean with no past body work.
    Looking to buy from a dealer. It should be near pristine.
    It's a factory demo, I think. According to CarFax it ran through an eastern region auction late September. 
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • qbrozenqbrozen Member Posts: 33,761
    What was the mileage at auction? Very likely the one I am referring to. Auction date was 9/28 and was reported to have 16,170 miles.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • 28firefighter28firefighter Member Posts: 9,853
    qbrozen said:
    What was the mileage at auction? Very likely the one I am referring to. Auction date was 9/28 and was reported to have 16,170 miles.
    Same car it seems. 

    I won't share where it's located since Jkipster is looking at it. Doesn't look like a below average car though, so that's interesting. 
    2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
  • qbrozenqbrozen Member Posts: 33,761
    who knows what the dealer has done to it. Would be a question to ask, for sure.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • explorerx4explorerx4 Member Posts: 20,799
    edited October 2016
    My daughter traded in her 09 AWD Escape Limited, 88k miles pretty much everything except trailer towing for 7500. Condition good, front bumper replaced a couple of times, but great maintenance.
    She went in looking for 8k on my suggestion. I told her I'd buy it from her for that amount.
    First dealer lowballed @5800, then ran after her when she walked and offered 7500.
    Next dealer went to 7500, and dropped new car $300 from negotiated price when she was ready to walk, plus she got the exact car she wanted.
    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • tbirdmarcotbirdmarco Member Posts: 3,838
    @explorerx4 What car did your daughter end up getting.
  • xwesxxwesx Member Posts: 17,708

    @explorerx4 What car did your daughter end up getting.

    The most obvious question of all, yet it took one of us nearly two days to ask it.....

    We're most definitely SLIPPING!!!! :D
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • explorerx4explorerx4 Member Posts: 20,799
    She got a 2017 Fusion SE AWD pretty loaded, lux pkg, Nav, moonroof.
    Here is a bad picture of it.

    2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
  • xwesxxwesx Member Posts: 17,708
    Fancy!
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 2013 Ford F250 Lariat D, 1976 Ford F250, 1969 Chevrolet C20, 1969 Ford Econoline 100
  • tbirdmarcotbirdmarco Member Posts: 3,838
    @xwesx I no lol lol.
  • tbirdmarcotbirdmarco Member Posts: 3,838
    @
    explorerx4 Verry nice car your Daughter got. don't worry about the pick remember visually inpared so does not matter to me! lol lol. Have to laf
    at your selfe everyday I no I do it is what it is! and all bye what you like you only live once. sory for an bit of the rant at the end of this message
  • rayainswrayainsw Member Posts: 3,192
    On behalf of a co-worker - angst over some electrical issues.
    Trade Price, please:
    2014 Audi TT S-line
    White over Black.
    14,000 miles.
    New Michelins.
    Atlanta, GA.
    Thanks!
    - Ray
    Not quite ready to trade in the Charger ....
    2022 X3 M40i
  • qbrozenqbrozen Member Posts: 33,761
    is that a coupe? I show no comps for S line trim

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • rayainswrayainsw Member Posts: 3,192
    Yes, a Coupe - comps for a similar non-S-line ?
    Just to give him an idea...
    Thanks!
    2022 X3 M40i
  • qbrozenqbrozen Member Posts: 33,761
    Was going to do that, but I have nothing there, either. And nothing in convertibles. The last coupe non-S was 6 mos ago and got $29k

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

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