Real-World Trade-In Values

Mr_Shiftright

Maybe it's the VW nametag on it. Audi sneaked away from it and quietly left the room.

But I"m surprised, too. Audi resale isn't all that great as a rule.

PF_Flyer

A reporter is looking to talk to someone who was originally shopping for a new car, but decided to buy a CPO vehicle instead because it was a better deal. If you're willing to assist, please send an email to PR@Edmunds.com no later than Monday, January 16, 2017.

sda

Putting my feelers out, I've got the itch. '13 Accord EX, CVT. Champagne Frost Pearl, new tires, battery, service up to date, very good to excellent condition, 63k mi, Charlotte, NC area. Thanks!

qbrozen

engine? doors?

nyccarguy

qbrozen said:

engine? doors?

He's got the 4cyl, 4 door Accord EX

stickguy

And most likely, yes, it has an engine and doors.

Unless he has been in Texas visiting Henry.

henryn

stickguy said:

And most likely, yes, it has an engine and doors.

Unless he has been in Texas visiting Henry.

Hey, I resemble that remark. No wait, I RESENT that remark. That's the answer!

qbrozen

nyccarguy said:

qbrozen said:

engine? doors?

He's got the 4cyl, 4 door Accord EX

In that case, $10k-$11k.

sda

qbrozen said:

nyccarguy said:

qbrozen said:

engine? doors?

He's got the 4cyl, 4 door Accord EX

In that case, $10k-$11k.

Thanks q, that is very helpful.

28firefighter

Q -

can you you give me an idea of pricing on a 2014 Lexus RX350 AWD with 20-30k miles? Figure equipped with leather, Nav, park assist etc. 

Does F Sport make a considerable difference?

Seattle area. 

Thanks!

qbrozen

$28k standard vs 32k f sport. That's with 20k miles for each. Drops about a grand as you push 30k. 

Add in $1k fees, transport, cleaning, etc, then tack on dealer profit and CPO, if applicable.

28firefighter

Thanks!

camnquinn

Hi there. I leased my 3rd kia soul in 2014 and its up in March 2017. The dealer tried to buy it off of me a few months back due to its color (bright yellow; they said its hard to get & highly requested around here) but I was in a hurry and said I'd be back & haven't been back, oops), Anyway, I am allotted 12k a year and I have a car in excellent condition to turn in with 12,200 miles on it. I am trying to see if I have any equity bc of how much under mileage it is? I am new to this as far as not just doing everything the dealer tells me to do (sign here, pay this, do that, etc). ANY help is GREATLY appreciated!
2014 Kia Soul, Yellow, black interior 2.0L I4 164hp !4dr Wagon Lynchburg, VA 24502 Residual: $12,839

stickguy

post the details (trim level, options, location) and your residual, and see what the news is!

camnquinn

ty @stickguy I updated my original posting. ty for the heads up

mjfloyd1

What trim level on the soul- base, plus or exclaim?  I assume automatic transmission?

qbrozen

I would say you are break even on the residual. No equity, in other words. At least not as a trade. 

camnquinn

@mjfloyd1 I honestly can't tell.. the paperwork doesn't say but its all decked out. Soul is illuminated on the side rails bright red when you open the car.. black interior with yellow stitching. Back up camera, etc. Its either a + or a !. I figured I would have equity bc the last Kia I turned in 2 months early (lease) as a 'trade' to the same Kia dealer, they gave me $3k in 'trade' value to get into my current leased Kia and I had 22k miles on it vs the allotted 36k. Just was wondering. Ty all for your help.

andres3

If lease deals were fair you'd get the same credit back for miles that they overcharge you with when you go over Of course, no one put a gun to my head

oddie14

I have a 2014 Oddyssey EX-L with 40k miles in good condition. What would be a fair trade-in value? It is the end of my lease, and I want to lease a new oddy, and want to see if I have any equity in it. Thanks!

xwesx

oddie14 said:

I have a 2014 Oddyssey EX-L with 40k miles in good condition. What would be a fair trade-in value? It is the end of my lease, and I want to lease a new oddy, and want to see if I have any equity in it. Thanks!

Q is going to need more information, such as location (city/state), color (in and out), engine (if there are options on that trim), etc.

oddie14

I have a 2014 Oddyssey EX-L with 40k miles in good condition. What would be a fair trade-in value? It is the end of my lease, and I want to lease a new oddy, and want to see if I have any equity in it. Thanks!

The car is in Brea, California (Orange County), the exterior color is Silver, and the interior is Gray Leather. No options.

qbrozen

eh, not much variance in these, so I'll just give the number now. About $21k-$21.5k.

Mr_Shiftright

Q--do you have any listings for a 2010 Bentley Continental GT Supersports with high miles?

qbrozen

27k miles is the max. Each got $85k. Next is 19k miles for $92k

isellhondas

Mr_Shiftright said:

Q--do you have any listings for a 2010 Bentley Continental GT Supersports with high miles?

I didn't know a British car was capable of achieving high miles!

Mr_Shiftright

Well that's a German car by 2010, and some people might say the same thing!

I'm trying to figure the amount of devastation on a Bentley with high miles. So if 27K miles gets you $85K, I wonder what a dealer is likely to offer on trade for one with 85,000 miles? I doubt a Bentley dealer would even floor such a car--just wholesale it to Montevideo Motors (that's where all high mileage Bentleys and Rolls' go anyway---down south or to the Middle East).

I do know that Bentley's penalty on overage on a lease is....$1.50 a mile.

andres3

Mr_Shiftright said:

Well that's a German car by 2010, and some people might say the same thing!

I'm trying to figure the amount of devastation on a Bentley with high miles. So if 27K miles gets you $85K, I wonder what a dealer is likely to offer on trade for one with 85,000 miles? I doubt a Bentley dealer would even floor such a car--just wholesale it to Montevideo Motors (that's where all high mileage Bentleys and Rolls' go anyway---down south or to the Middle East).

I do know that Bentley's penalty on overage on a lease is....$1.50 a mile.

Who leases a Bentley? If you can afford to lease one, you can afford to buy one.

qbrozen

Mr_Shiftright said:

Well that's a German car by 2010, and some people might say the same thing! I'm trying to figure the amount of devastation on a Bentley with high miles. So if 27K miles gets you $85K, I wonder what a dealer is likely to offer on trade for one with 85,000 miles? I doubt a Bentley dealer would even floor such a car--just wholesale it to Montevideo Motors (that's where all high mileage Bentleys and Rolls' go anyway---down south or to the Middle East). I do know that Bentley's penalty on overage on a lease is....$1.50 a mile.

Interesting question. Galves may help in this case. That had  a table telling you how much deduction per 1000 miles by brand. I BELIEVE the highest was $250, but I could be wrong and that was a long time ago. $1.50 seems excessive. $15,000 per 10k miles would put it at like $25k-$30k.

Mr_Shiftright

Well that $225 per 1000 miles wouldn't work on a Bentley, since 2 Bentley dealers told me that trade-in on a 2010 Bentley Continental GT Supersports with 85,000 miles is $35K-$40K, and retail on the same car with 25,000 miles is $90K.

So according to the Bentley boys, 60,000 additional miles cuts the value of the car about in half.

qbrozen

So about $1.20 per mile. Wow.

Mr_Shiftright

I checked with the Bentley experts and all 3 said the same exact thing. They should know, I guess, they sell 'em all the time.

Interesting that they mentioned that the high mileage cars all go overseas. I could see why. Here in the affluent parts of the U.S, a miled-up used Bentley is like a flower pot, whereas in Venezuela or Turkey, it's a big deal.

merlion0821

Looking for a real world trade value for a 2016 Honda Civic EX-T sedan. Color is Aegean Blue, and the vehicle has 17,300 miles. Bought new in January 2016, non-smoker, 75% highway miles, dealer serviced. Thanks.

nyccarguy

Please come join us over on the CHRONIC CAR BUYERS ANONYMOUS board!

stickguy

that is one of the cars on my short list for later in the year.

Michaell

merlion0821 said:

Looking for a real world trade value for a 2016 Honda Civic EX-T sedan. Color is Aegean Blue, and the vehicle has 17,300 miles. Bought new in January 2016, non-smoker, 75% highway miles, dealer serviced. Thanks.

Where is this?

qbrozen

merlion0821 said:

Looking for a real world trade value for a 2016 Honda Civic EX-T sedan. Color is Aegean Blue, and the vehicle has 17,300 miles. Bought new in January 2016, non-smoker, 75% highway miles, dealer serviced. Thanks.

$15.5k-$16k

merlion0821

Michaell said:

merlion0821 said:

Looking for a real world trade value for a 2016 Honda Civic EX-T sedan. Color is Aegean Blue, and the vehicle has 17,300 miles. Bought new in January 2016, non-smoker, 75% highway miles, dealer serviced. Thanks.

Where is this?

Suburban Cleveland area.

Sandman6472

Q, you gave me a quote awhile back for my '15 Golf SE with 17K on the clock for $14.5 as I recall. Just hit 26.4K this week, so just curious how much the value has gone down. I've read that for 2017, VW got rid of the SE and SEL models for the Wolfsburg and deleted afew options that I have but added some more I don't have. Looking back, the 2016 SE was the model I should've got for the push button start and usb/aux jacks provided.
But, just curious where my trade value is now.

2015 Golf SE
Coral Springs, FL (just northwest of Ft. Lauderdale)
26,400 miles
light blue/beige
New sneakers as of yesterday
Excellent condition except for broken fog light.

The Sandman

stickguy

```the wb golf is very well equipped and good price

qbrozen

Hatch, not wagon, right?
$12.5k-$13k

Sandman6472

Yep, got a 2015 hatch. Guessing with all the VW issues, it's value is real low. Luckily, I'm not looking to trade out of it for the next few years. As long as it behaves, it'll stay part of the fleet as I do like it and it is somewhat cheap to keep. I would've needed new sneakers on any vehicle I drove even though the wife thinks I should've waited a bit longer. Suppose another couple of months could have been done, but the last few weeks it was skidding a bit in the rainy streets and the stability light was coming on each time. Got tired of that nonsense so pulled the trigger last week. Got a small savings by signing up for their credit card with no interest for 6 months it seems though I plan to pay the whole bill once I get it in the mail. Already have the funds in place for this purchase as I knew it was coming sooner than later.

The Sandman

stickguy

trying to stretch tires that are not performing, to me, is really false economy. Especially if you end up rear ending someone because you could not stop in time on a wet road, thanks to worn tires! I generally try to get everything out of something before I replace it, but tires is one thing I will do early, just being cautious.

xwesx

Yeah, same here. I generally replace my winter tires at 6 or 7/32, and "summer" tires at 4 or 5/32.

isellhondas

Mr_Shiftright said:

Q--do you have any listings for a 2010 Bentley Continental GT Supersports with high miles?

I didn't know a British car was capable of achieving high miles!

xwesx said:

Yeah, same here. I generally replace my winter tires at 6 or 7/32, and "summer" tires at 4 or 5/32.

Wow! Really? at 6 or 7/32nds? They only come with around 10/32when they ae new so you are REALLY ahead of the curve!

qbrozen

hell, I've bought and mounted tires with 6/32. I take all-seasons down to 4/32. Summers I still won't push below 3/32.

stickguy

I think the lowest tire on the RDX is now likely at 4/32. Not sure when those will get done. Not planning to travel with it any time soon so won't be putting many miles on it.

kyfdx

If you lived in Alaska, like @xwesx , your standards for winter tires might be a little higher.

henryn

With me, it depends. One of my criteria is how the tires are actually performing in the wet. When I bought that Passat TDI last August, it had 4/32 on the front tires, and 6/32 on the rears. Initially, I was contemplating keeping the car until the last minute (December 2018), after all, NO depreciation. Under that scenario, I was going to just go ahead and replace all 4 tires. I would have to buy new tires before December 2018, so why not do it sooner and get the maximum use out of the new tires before I took the buyback?

But the tires on there did behave very well in the wet, and I started thinking that I wanted to take the money while the taking was good, so I left the tires alone. 5,000 miles later, when I did the buyback, the tires had not appreciably worn, and were still working very well, wet or dry.

This new (to me) Chrysler Town & Country has 6/32 at all 4 corners on what appears to be the original set of tires. A little quick math says 11/32 new, now at 6/32 after 34,800 miles, so approximately 7k miles per 1/32 of tread. If I'm at 6/32, and want to replace at 4/32, they should be good for another 14k miles. Maybe. Hopefully. Fingers crossed.

After all, it has been a number of years (at least 6 or 7) since I kept a car for that many miles (14k). Yeah, yeah, I know, I'm wasting a lot of money this way. But what the hell, I have no intention of leaving any money behind!

xwesx

isellhondas said:

Wow! Really? at 6 or 7/32nds? They only come with around 10/32when they ae new so you are REALLY ahead of the curve!

For winter tires? Yes, definitely, as I notice their traction really dropping off at about that point. So, when that winter is done... so are they! I mean, I could use them for the following summer before replacing, but since I already have a set of tires for that season, it isn't often that my summers are in need of replacement at the same time as the winters. If they were, then I could just put off replacement of the summer set for a year. Otherwise, the summers end up aging another year without use, and they already tend to last five or six years.

As Q noted, the tires are still good a 6/32, and I never have any problems selling them on Craigslist for pretty cheap. I'm glad that others can use them down and happy to share that wealth. They just aren't good for my purposes!

I should also note that winters usually come with 12/32. The worst wearers (Bridgestone, Continental, and Michelin were all about the same at 2/32 per year) last me three years, and I got five years out of my first set of Goodyear UGI.

This is using them for at least six months of each year. I usually put them on around 10/1 or a little sooner, and they don't come off until after 4/1. And, yes, we typically have snow and ice on the roads for most, if not all, of that period.