Real-World Trade-In Values

qbrozen

mjfloyd1 said:

I suspect that it will be gone before I hear anything on my TDI

Then just do what I did and take the plunge. I lost one vehicle and was not about to lose another. Ultimately wound up with a better deal anyway on the 2nd one. Once I get the money from VW, I will turn around and refi the replacement vehicle.

andres3

stickguy said:

I know that Roadburner considers both to be dangerously slow, but to me, any of those numbers (and the cars in real world) are plenty fast! Not sure where you can even use 100% of the power on either one.

With "quattro" AWD it is easy to use all of that power all of the time (as long as no one is directly in front of you). Rain or shine. Of course, since you get up to 60 MPH in 5 seconds, you won't be using it for all that long before you are coasting.

I like the power when I'm getting onto the freeway on-ramp, when I'm accelerating from a stop light where there is a green light or no more lights in front of me, and for accelerating out of a twisty hairpin turn to make sure the back end of the car stays buttoned down. I also like power when I'm in a sticky situation with other bad drivers, and I can just leave the scene quickly. I find power to be just as important as good brakes in many situations.

mjfloyd1

LOL "other bad drivers"

andres3

mjfloyd1 said:

LOL "other bad drivers"

Yes, sometimes it is the plural form of driver around you.

xwesx

andres3 said:

mjfloyd1 said:

LOL "other bad drivers"

Yes, sometimes it is the plural form of driver around you.

I think the operative word here is "other," which tends to imply that the speaker is one of the subjects as well as "others." Of course, we all know this to not be true, but that does not lessen the snicker reflex.....

mjfloyd1

xwesx said:

LOL "other bad drivers"

Yes, sometimes it is the plural form of driver around you.

I think the operative word here is "other," which tends to imply that the speaker is one of the subjects as well as "others." Of course, we all know this to not be true, but that does not lessen the snicker reflex.....

Kind of like being in a room with other ugly men or other idiots

cdnpinhead

As are many of us on a regular basis.

andres3

xwesx said:

andres3 said:

mjfloyd1 said:

LOL "other bad drivers"

Yes, sometimes it is the plural form of driver around you.

I think the operative word here is "other," which tends to imply that the speaker is one of the subjects as well as "others." Of course, we all know this to not be true, but that does not lessen the snicker reflex.....

Yes, I realized it could be interpreted that way. Unfortunately my editorial and proof-reading skills couldn't improve the writing in the 5 full seconds I allotted to editing my post

henryn

Well, despite the grammar problems or lack of exact wording, I do agree with the sentiment. Given a choice, I am much more comfortable having a surplus of power, of the ability to accelerate my way out of a "sticky situation".

One of the reasons I don't have a CR-V. I came very very close to buying one about 3 years ago. Great for running around town, easy to park, comfortable. But ... out on the highway, you can NOT accelerate to get out of the pack and make that exit at the last minute. Ain't gonna happen. My F150, with the twin turbo V6, will absolutely "scoot" when you need it to.

Sandman6472

That's one thing I like about my '15 Golf, it can move when it has to! Since it's usually only me in it 99% of the time, I tend to drive it a bit on the frisky side since I am on the expressway much of the time. Like last night going home, getting on the expressway, I was able to hit it and I was down the entrance ramp and on the roadway within mere seconds and get in before a pack of folks coming up behind me. Next thing I know, I'm at 75 without much effort. A big reason I'll probably keep this puppy longer than I originally thought...it does everything so well with excellent mpg's. And it's the perfect size to.

The Sandman

car_rookie

Whats a realistic dealer trade in for:
2006 Honda Civic - LX
101,000 miles
Overall in good shape, nothing physically or mechanically wrong
KKB shows - $2,600 to $3,900

Michaell

car_rookie said:

Whats a realistic dealer trade in for:
2006 Honda Civic - LX
101,000 miles
Overall in good shape, nothing physically or mechanically wrong
KKB shows - $2,600 to $3,900

What color - inside and out?

What location (city, state)?

Stick or automatic?

car_rookie

Beige (in and out)
Devon, PA
automatic

stickguy

4 door I assume?

car_rookie

yes sorry 4 dr sedan

nyccarguy

Hey @qbrozen

Can you please give me a trade in value for our 2011 4WD Honda Pilot EXL w/ Navigation

87,000 miles
Dark Grey Exterior (7/10)
Black Leather Interior (8/10)
Heated Seats
Sunroof
Navigation
Bluetooth
5-Speed Automatic
4 Wheel Drive
Michelin Tires Have maybe 12,000 miles on them
17" Wheels

Michaell

nyccarguy said:

Hey @qbrozen

Can you please give me a trade in value for our 2011 4WD Honda Pilot EXL w/ Navigation

87,000 miles
Dark Grey Exterior (7/10)
Black Leather Interior (8/10)
Heated Seats
Sunroof
Navigation
Bluetooth
5-Speed Automatic
4 Wheel Drive
Michelin Tires Have maybe 12,000 miles on them
17" Wheels

Guess that answers the question about your post in the Sienna lease discussion. :laughing:

28firefighter

nyccarguy said:

Hey @qbrozen

Can you please give me a trade in value for our 2011 4WD Honda Pilot EXL w/ Navigation

87,000 miles
Dark Grey Exterior (7/10)
Black Leather Interior (8/10)
Heated Seats
Sunroof
Navigation
Bluetooth
5-Speed Automatic
4 Wheel Drive
Michelin Tires Have maybe 12,000 miles on them
17" Wheels

Nooo! You've been doing so well!

qbrozen

car_rookie said:

Whats a realistic dealer trade in for:
2006 Honda Civic - LX
101,000 miles
Overall in good shape, nothing physically or mechanically wrong
KKB shows - $2,600 to $3,900

so a beige on beige 4-door automatic Civic LX. About $2k-$2500. Sell it yourself for $4995 asking price. I mean, if you were to describe a car that suits the broadest possible audience, that's gotta be the one.

qbrozen

nyccarguy said:

Hey @qbrozen

Can you please give me a trade in value for our 2011 4WD Honda Pilot EXL w/ Navigation

87,000 miles
Dark Grey Exterior (7/10)
Black Leather Interior (8/10)
Heated Seats
Sunroof
Navigation
Bluetooth
5-Speed Automatic
4 Wheel Drive
Michelin Tires Have maybe 12,000 miles on them
17" Wheels

about $14k.

nyccarguy

Thank-you for your quick response!

stickguy

you too Bradd? It looks like somehow I am going to be the only one to take all of 2016 off from punches!

Guess I will have to make up for it with a couple (at least 1) next year.

car_rookie

thanks qbrozen

hey_blinkin

I'm more so coming here just to get confirmation. I'm looking to trade-in my 2006 Mazda 3 s. I brought it to a dealer and they offered me $500, which seems low but let me list everything out.

Color: Black
Miles 114,000
Accidents: 1 (Just crumble the front passenger quarter-panel, which got replaced)
Outside: Normal scratches and 1 minor dent on the passenger front door; Apparently one of my tires has a chunk missing so 2 need to be replaced
Inside: No issues:

Options: Premium Bose sound system, leather, power sunroof, Multi-disc CD Changer, Leather seats

They basically said they were going to wholesale it. Just wanted to see if this was on point or not.

Thanks.

Mr_Shiftright

Well the point is that they don't want it, so the $500 offer is a polite way of turning their nose up at it. They can't "flip" it easily so they'd rather not bother even handling it.

You'd be much better off here with a private sale. Hang a $2500 price tag on it and see what happens.

hey_blinkin

Mr_Shiftright said:

Well the point is that they don't want it, so the $500 offer is a polite way of turning their nose up at it. They can't "flip" it easily so they'd rather not bother even handling it.

You'd be much better off here with a private sale. Hang a $2500 price tag on it and see what happens.

Thanks ,I did realize I forgot to mention that the rear bushings need to be replaced. That was one of the reasons I was hoping for a trade-in

Mr_Shiftright

Unless you think the car is really dangerous to drive, maybe spending a weekend cleaning it all up and throwing some cheap tires on it would be a good investment. People are starving for decent cars under $3000.

xwesx

Mr_Shiftright said:

Unless you think the car is really dangerous to drive, maybe spending a weekend cleaning it all up and throwing some cheap tires on it would be a good investment. People are starving for decent cars under $3000.

Agreed. If you can do this basic work yourself, it is minimal in cost to you, and you'll clear way more than the trade-in offer after expenses. This can be a slippery slope, though, so just make a list of what you are going to do to prep it, do it, and do nothing more!

xwesx

So, my brother has a 2012 Chevy Cruze 2LT Grey over Black, Manual, 92,000 miles in Jacksonville, NC.

Leather, heated seats, moonroof. Basically all the options for the 2LT.

What's the RWTIV, as well as ballpark for private party? He's thinking about trading it; I think he's too far upside down on it to have it make sense. There's nothing like rolling negative equity!

qbrozen

About $4k. PP? About $6k

qbrozen

hey_blinkin said:

I'm more so coming here just to get confirmation. I'm looking to trade-in my 2006 Mazda 3 s. I brought it to a dealer and they offered me $500, which seems low but let me list everything out. Color: Black Miles 114,000 Accidents: 1 (Just crumble the front passenger quarter-panel, which got replaced) Outside: Normal scratches and 1 minor dent on the passenger front door; Apparently one of my tires has a chunk missing so 2 need to be replaced Inside: No issues: Options: Premium Bose sound system, leather, power sunroof, Multi-disc CD Changer, Leather seats They basically said they were going to wholesale it. Just wanted to see if this was on point or not. Thanks.

If it is a sedan, yes, $500 is right for something they just want to dump. You should be able to easily ask $2995 and probably have people falling all over themselves to buy it from you. If you fixed it up and detailed it, you could ask $3995. Personally, I'd probably just vacuum it, throw a bucket of water over it, and let the first $2500 cash take it away as is. Be honest with the ad and list its needs and that is why you are only asking $2995. I bet it goes quick anyway. I'd buy it. 

stickguy

Hmm. If I was buying now, I would be interested in something like this for around $5K. Ticks a lot of boxes!

Mr_Shiftright

I'd put a $6995 tag on it and see what happens.

qbrozen

For that much, it needs to be all fixed up and ready to go.

Mr_Shiftright

I was just thinking of that as a starting price, not a firm price. And of course, any car that you really want to sell has to be prepped well.

xwesx

qbrozen said:

About $4k. PP? About $6k

Thanks, Q. I figured as much, though my initial feedback to him was a little more optimistic. He is definitely way upside down on it.

mkupneski

Can you please give me a realistic trade in range for my 2011 Lexus IS350C (convertible) - I will likely be trading at the same Lexus dealers who does all my service.

Also, if I were to sell on my own, how much should I mark it up over trade in value?

64,500 miles - Automatic transmission
Black Exterior (8-9/10)
Black Leather Interior (8-9/10)
Heated & Cooled Seats
Navigation
HID Headlights
18" Graphite Alloy Wheels
Newer Tires with 12000 miles on them
New Brakes and rotors (within the last 1500 miles)
No accidents, garage kept, Lexus dealer maintained - all records
In Southwestern Ohio (Cincinnati - 45217)

Many thanks!

qbrozen

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

breld

breld said:

Hey Q - can you provide your thoughts on this (just in case ):

In Colorado,

2012 MINI hardtop
Base model with manual trannie
Ice Blue with Carbon Black interior
It has the panoramic sunroof, but other than that, it's bare bones
38k miles, good condition

Thanks!

Well, as most of you know from other threads, we did pull the trigger on a new MINI. Based on the advice here (thanks @qbrozen, @Mr_Shiftright and @28firefighter), we are planning on going the private sale route, but the dealership is gonna take a look at it tomorrow when we pick up the new MINI just to see if it makes sense on trade.

I'm thinking private sale around $10k, likely a touch under to get into the "4 digits" instead of 5. If they somehow came up to $8k on trade I'd be tempted to take that plus the $500 tax savings and call it a day.

I'll report back.

andres3

qbrozen said:

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

I'd imagine in States with tax benefits to trade-ins they have much higher artificially inflated trade-in values as compared to States (like CA) that don't give squat back in sales tax for a trade-in. I know I don't negotiate my trade-in if I don't have to. I'd rather lower the price on the new car as a tax benefit.

qbrozen

andres3 said:

qbrozen said:

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

I'd imagine in States with tax benefits to trade-ins they have much higher artificially inflated trade-in values as compared to States (like CA) that don't give squat back in sales tax for a trade-in. I know I don't negotiate my trade-in if I don't have to. I'd rather lower the price on the new car as a tax benefit.

I'm not understanding what you are trying to say. Inflated trade-in values for a tax benefit? Do you mean pumping up the trade value on the sales contract and increasing the sale price at the same time? Because that would be a wash.

steine13

I think I've found my winter beater -- time to park the missus' beloved Sienna in the garage.

Whaddayathink?
http://lansing.craigslist.org/ctd/5929501465.html

andres3

qbrozen said:

andres3 said:

qbrozen said:

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

I'd imagine in States with tax benefits to trade-ins they have much higher artificially inflated trade-in values as compared to States (like CA) that don't give squat back in sales tax for a trade-in. I know I don't negotiate my trade-in if I don't have to. I'd rather lower the price on the new car as a tax benefit.

I'm not understanding what you are trying to say. Inflated trade-in values for a tax benefit? Do you mean pumping up the trade value on the sales contract and increasing the sale price at the same time? Because that would be a wash.

Didn't think about that! So that doubly makes me not understand why people care what the trade-in is worth when all that matters is the delta at the bottom of the contract.

However, in States like mine, getting the sticker reduced on a new car is beneficial in paying less taxes. I think the Kia was the first car I got with HUGE rebates which made me realize the rebate amount was still taxed.

Michaell

andres3 said:

qbrozen said:

andres3 said:

qbrozen said:

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

I'd imagine in States with tax benefits to trade-ins they have much higher artificially inflated trade-in values as compared to States (like CA) that don't give squat back in sales tax for a trade-in. I know I don't negotiate my trade-in if I don't have to. I'd rather lower the price on the new car as a tax benefit.

I'm not understanding what you are trying to say. Inflated trade-in values for a tax benefit? Do you mean pumping up the trade value on the sales contract and increasing the sale price at the same time? Because that would be a wash.

Didn't think about that! So that doubly makes me not understand why people care what the trade-in is worth when all that matters is the delta at the bottom of the contract.

However, in States like mine, getting the sticker reduced on a new car is beneficial in paying less taxes. I think the Kia was the first car I got with HUGE rebates which made me realize the rebate amount was still taxed.

I'm not aware of any states that doesn't tax incentives.

qbrozen

Michaell said:

andres3 said:

qbrozen said:

andres3 said:

qbrozen said:

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

I'd imagine in States with tax benefits to trade-ins they have much higher artificially inflated trade-in values as compared to States (like CA) that don't give squat back in sales tax for a trade-in. I know I don't negotiate my trade-in if I don't have to. I'd rather lower the price on the new car as a tax benefit.

I'm not understanding what you are trying to say. Inflated trade-in values for a tax benefit? Do you mean pumping up the trade value on the sales contract and increasing the sale price at the same time? Because that would be a wash.

Didn't think about that! So that doubly makes me not understand why people care what the trade-in is worth when all that matters is the delta at the bottom of the contract.

However, in States like mine, getting the sticker reduced on a new car is beneficial in paying less taxes. I think the Kia was the first car I got with HUGE rebates which made me realize the rebate amount was still taxed.

I'm not aware of any states that doesn't tax incentives.

True, but I THINK the type of incentive makes a difference. A customer rebate would be taxed, while a dealer incentive is not (at least, I would believe that to be the case, although I have no proof).

qbrozen

steine13 said:

I think I've found my winter beater -- time to park the missus' beloved Sienna in the garage.

Whaddayathink?
http://lansing.craigslist.org/ctd/5929501465.html

looks fine

tommister2

steine13 said:

I think I've found my winter beater -- time to park the missus' beloved Sienna in the garage.

Whaddayathink?
http://lansing.craigslist.org/ctd/5929501465.html

Hey, looks like a winner to me!

breld

andres3 said:

qbrozen said:

andres3 said:

qbrozen said:

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

I'd imagine in States with tax benefits to trade-ins they have much higher artificially inflated trade-in values as compared to States (like CA) that don't give squat back in sales tax for a trade-in. I know I don't negotiate my trade-in if I don't have to. I'd rather lower the price on the new car as a tax benefit.

I'm not understanding what you are trying to say. Inflated trade-in values for a tax benefit? Do you mean pumping up the trade value on the sales contract and increasing the sale price at the same time? Because that would be a wash.

Didn't think about that! So that doubly makes me not understand why people care what the trade-in is worth when all that matters is the delta at the bottom of the contract.

However, in States like mine, getting the sticker reduced on a new car is beneficial in paying less taxes. I think the Kia was the first car I got with HUGE rebates which made me realize the rebate amount was still taxed.

Agreed - when trading a car in, I generally just offer a "difference" number. Sometimes I'll share how I got there, just so they know I'm not pulling numbers out of the air.

breld

qbrozen said:

Michaell said:

andres3 said:

qbrozen said:

andres3 said:

qbrozen said:

Little problem is all my comps are in much warmer climates, so I'm not sure what being in Ohio in December is going to do to the value of your convertible RWD vehicle. Then of course you have black on black, which would be snubbed down south. So a tough vehicle no matter where you are. As such, I'm going to say $17,500. You can try to sell it on your own and hope for a heat wave. $21,995 would be a decent starting point, but be prepared to cut it loose at $20k.

I don't know the taxes or tax laws in your area, but I make it a rule in NJ that I won't try to private sell most any vehicle over $10k (if replacing with another vehicle). It just isn't worth it when I can get a 7% tax credit on trading it in.

I'd imagine in States with tax benefits to trade-ins they have much higher artificially inflated trade-in values as compared to States (like CA) that don't give squat back in sales tax for a trade-in. I know I don't negotiate my trade-in if I don't have to. I'd rather lower the price on the new car as a tax benefit.

I'm not understanding what you are trying to say. Inflated trade-in values for a tax benefit? Do you mean pumping up the trade value on the sales contract and increasing the sale price at the same time? Because that would be a wash.

Didn't think about that! So that doubly makes me not understand why people care what the trade-in is worth when all that matters is the delta at the bottom of the contract.

However, in States like mine, getting the sticker reduced on a new car is beneficial in paying less taxes. I think the Kia was the first car I got with HUGE rebates which made me realize the rebate amount was still taxed.

I'm not aware of any states that doesn't tax incentives.

True, but I THINK the type of incentive makes a difference. A customer rebate would be taxed, while a dealer incentive is not (at least, I would believe that to be the case, although I have no proof).

Just as an example, on the MINI we're about to purchase, the $500 loyalty rebate is taxed, but the $1,500 lending and $500 USAA incentives are not.

stickguy

a wise man once said, the only difference, is the difference.