Real-World Trade-In Values

nyccarguy

Michaell said:

pa_ls430 said:

Q - 2004 LS430, 93K, Mercury Silver with ecru interior. Custom Luxury Package (1 below UL) with dynamic cruise and proximity keys. 1 Owner up until I bought it last year with full dealer service history. Good over all condition, no major damage anywhere, just a couple light marks from over the years.

What location?

I'd say Pennsylvania.

"Your name is UMMMMMMM? LUTZ! CHIEF LUTZ!"

qbrozen

location won't matter much for something this old. Makes a difference of like $200 in the south vs northeast.

Trade, you're looking at like $5500-$6k. Private party is the way to go. Gotta be an easy $8k there, if not more.

andres3

Saw an Old MB E300 for sale with 240,000 miles in good clean condition except "gas pump doesn't work." I assume by gas pump they mean fuel pump which I assume means it doesn't run......

Mr_Shiftright

E300 gas or 300E diesel? W 124 or W210 Benz?

Mr_Shiftright

Q- this is a tough one. Mercedes SL500, 2003 model, very low miles at 35,000, pristine. Any data at all?

qbrozen

Surprisingly, a good bit of data! Interesting that we have 2 groupings. Around $15k and around $17.5k. No real significant difference in condition reports, either (all between 3.5 and 4.5). Given that both CA numbers are on the higher side, I guess I'd lean towards that for your side of the country. To be safe, I guess $15.5-$16k on a trade if I'm pretending to be UCM.

Pennsy - 22k miles - Silver - $18.1k
Cali - 22k miles - Silver - $17.3k
Pennsy - 29k miles - Silver - $15,750
Portland - 38k miles - Blue - $14,500
Ohio - 39k - Silver - $15,250
Riverside - 39k - Silver - $17,500

Mr_Shiftright

Great! So where does that put us, say, if we had a pristine car sold by a dealer who pretty much hit a fat one out of the park?

xwesx

Mr_Shiftright said:

Great! So where does that put us, say, if we had a pristine car sold by a dealer who pretty much hit a fat one out of the park?

It depends on how many runners were on base, but, I would say, at least one run down.

Mr_Shiftright

I wonder if such a car could sell in the high $20Ks. The one I'm examining for someone only has 5,000 miles on it. I never know how to evaluate such outliers.

pa_ls430

qbrozen said:

location won't matter much for something this old. Makes a difference of like $200 in the south vs northeast.

Trade, you're looking at like $5500-$6k. Private party is the way to go. Gotta be an easy $8k there, if not more.

Thanks. Yep, its in PA. Yeah this is the type of car where private party is probably going to net a lot more.

jwm40517

Watching a Mecum sp? auction in a bar yesterday with sound on mute I saw a 2005 SL500 sell for $9000 no reserve. Must have been miled up .

nyccarguy

Mr_Shiftright said:

Q- this is a tough one. Mercedes SL500, 2003 model, very low miles at 35,000, pristine. Any data at all?

My best friend's Dad recently (maybe a month ago) traded in a 2005 SL500 with 40K miles on the clock.  He got $18,500 for it.

qbrozen

Mr_Shiftright said:

I wonder if such a car could sell in the high $20Ks. The one I'm examining for someone only has 5,000 miles on it. I never know how to evaluate such outliers.

Hmmm...well, even if we take that $18k example with 22k on it, a homerun is going to be $23k. If we go absolutely crazy and say every 1k miles is $100, that would put the 5k mile car at around $24.5k-$25k. Hard to push beyond that in my mind.

Mr_Shiftright

Thanks, guys. All very useful and pertinent info! This rather re-inforces my gut feeling that around $25,000 is all the juice that's going to be squeezed out of this admittedly near-perfect specimen.

brian125

qbrozen

Take a look at dealers price on this used 16 Ford Edge. My friend looked at it and wants to make a offer . What asking price should he start at to buy ? https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=454564061&LNX=DRMEDFBDPANFDESK

This model's invoice new was $39,866 minus a $2500 cash back, last sept , 2016 dealers were discounting about 1200 below models invoice price for the edge

explorerx4

@brian125,
Why isn't that Edge a CPO? The added pin stripes and some kind of trim around the wheel wells is unusual.

brian125

explorerx4 said:

@brian125,
Why isn't that Edge a CPO? The added pin stripes and some kind of trim around the wheel wells is unusual.

Not sure ......... Edge is not for me but its a good question we'll ask.

roadburner

explorerx4 said:

@brian125,
Why isn't that Edge a CPO? The added pin stripes and some kind of trim around the wheel wells is unusual.

It's a cheap and tacky trim package almost certainly installed by the original dealer. Our Honda dealer sticks cr*ppy trash like that on nearly 100 percent of their new inventory. Meh.

qbrozen

Auction value is mid $28k. $31k should take it. 

qbrozen

Oh, wait a sec. carfax says it is CPO. $32k is pretty good.

brian125

Q...........tks

Mr_Shiftright

Hey Q--got any numbers on a 2002 Porsche Carrera 996 (911) Cabriolet, 38K miles, clean, manual transmission, silver over blue, San Francisco Bay Area?

qbrozen

Would that by chance have 38,665 miles or slightly more? If so, it sold at the SF Bay auction on 5/31 for $21,750, which is pretty much right on the button for similar vehicles.

Mr_Shiftright

That could be the one. They're listing it at $26,750---this is a small, kind of upscale lot, so they'll need ??? in profit? $1500/2K? or, are they greedy? It is kind of a prime piece.

qbrozen

$2500 is usually my "fair" target. 

kyfdx

On a 15 yr old Porsche? I'm guessing they'll want to gross at least $4000 just for taking the risk. I agree with what's "fair", but I doubt they'll go for that.. Maybe in September, after it's aged.

andres3

kyfdx said:

On a 15 yr old Porsche? I'm guessing they'll want to gross at least $4000 just for taking the risk. I agree with what's "fair", but I doubt they'll go for that.. Maybe in September, after it's aged.

I've never sold cars with any kind of regularity or frequency, but if I did, I think I'd be the guy to move the metal and take $2,500 or more every time it was offered; unless of course, I was VERY CONFIDENT someone would pay more within 48 hours.

Mr_Shiftright

Hard to say. Low miles are attractive for most used cars, but Porsche buyers are not deterred by high miles as a rule, since the cars are quite durable. 2002 was the "face-lifted" 996, so that it wouldn't look exactly like the cheaper Boxster from the front.

Mr_Shiftright

Q--what are typical auction prices for a clean 2003 Mini Cooper S, manual trans., fully loaded, 140K miles, San Fran Bay Area?

qbrozen

about $2k

Mr_Shiftright

Thanks Q--that's about what I thought...

stickguy

sell it to Mini corporate to put in their corporate HQ, as a world record mileage holder.

Mr_Shiftright

If the car wasn't so much fun to drive, I'd have crushed it by now. It's possessed by the devil. Lately it's been really good, which of course terrifies me. I feel like a lion tamer. I can never really relax while I'm in the cage.

Once the clutch goes, it's going to the scrap heap.

stickguy

time to trade it for that 911 then!

Mr_Shiftright

I doubt they'd even want it.

stickguy

put it on CL for $2,999. if it is running, should sell quick at that price.

28firefighter

stickguy said:

put it on CL for $2,999. if it is running, should sell quick at that price.

And then live with the knowledge you sold a ticking a time bomb to some poor soul that probably doesn't understand it's not really a $3000 car, but rather a $3000 price of admission. 

stickguy

it's CL. The rules of human decency do not apply!

and frankly, anyone that does not understand the inherent risk of buying an old, high miles, cheap car, or does not bother to research a car before they buy, deserves whatever they get. As long as Shifty accurately describes the car, and does not do anything cheesy, he is in the clear!

28firefighter

stickguy said:

it's CL. The rules of human decency do not apply!

and frankly, anyone that does not understand the inherent risk of buying an old, high miles, cheap car, or does not bother to research a car before they buy, deserves whatever they get. As long as Shifty accurately describes the car, and does not do anything cheesy, he is in the clear!

Oh, I'm not saying you're wrong. I just assume no one does their research. 

roadburner

stickguy said:

frankly, anyone that does not understand the inherent risk of buying an old, high miles, cheap car, or does not bother to research a car before they buy, deserves whatever they get. As long as Shifty accurately describes the car, and does not do anything cheesy, he is in the clear!

Agreed. Imbeciles who are too lazy to do their homework NEED to get financially hammered. It's a kind of economic Darwinism...

breld

Did a little car shopping/browsing last night with a friend of mine who seems to alternate every couple years between a Prius and a Tundra .

He's back on the pickup kick so we looked at F150's and Tundras.

Since there's a lot of knowledge here, especially with Q and his recent acquisition, what kind of discounts should one expect on a new 2017 F150? I know that's a broad question, but I'm just trying to get a feel for a range to expect off of MSRP. Or maybe it's best to go the lease route like Q to take advantage of incentives?

This particular dealership had a couple leftover 2016 models that they were anxious to knock $10k off of (so I assume there's more to be had), but if I understand right, they updated the transmission in the 2017s? Seems worth it to ante up for the newer one.

andres3

Speaking of leftover very old "new" models on the lot, I ran into the following yesterday and need some pricing advise:

1) Lexus dealership had 4 (yes 4) IS 200t from the 2016 model year. Two silver, and two red. Windshield said $5K off which is funny to me since the sticker is so high that's what I'd want off on a 2018 model.

2) Acura dealership had a 2016 (yes the 2018's are already on the lot) TLX 4-cylinder in Silver w/ Tech package.

Either these sales managers like the cars so much, they'd rather not sell them, or they don't understand supply and demand curves.

What's the usual discount for a brand new "year old model?" How about a brand new "2 year old model?"

qbrozen

The discount off the F150 isn't TREMENDOUS, but pretty good considering they move plenty of them. My $48k MSRP truck was discounted a little over $6k. The $10k off a year old model is pretty good. Might consider that. I'm not sure about the transmission question. Most I was saw were still 6-speed units.

Mr_Shiftright

28firefighter said:

stickguy said:

put it on CL for $2,999. if it is running, should sell quick at that price.

And then live with the knowledge you sold a ticking a time bomb to some poor soul that probably doesn't understand it's not really a $3000 car, but rather a $3000 price of admission. 
----------------------------------------------------------------------------------------------------------------------------------------
No, I wouldn't do that. I can't predict the future, however. Right now, the car is running perfectly. Everything works. Runs like a champ. It doesn't need a thing.

My cars get great, first class maintenance. I'm not responsible for what the blind people who built it did many years ago.

I'm like the athlete who quits at the top of his game. I don't like the prospect of hanging on to a car and enduring a humiliating season in front of the fans. I know when the best years are over.

pensfan83

andres3 said:

Speaking of leftover very old "new" models on the lot, I ran into the following yesterday and need some pricing advise:

1) Lexus dealership had 4 (yes 4) IS 200t from the 2016 model year. Two silver, and two red. Windshield said $5K off which is funny to me since the sticker is so high that's what I'd want off on a 2018 model.

2) Acura dealership had a 2016 (yes the 2018's are already on the lot) TLX 4-cylinder in Silver w/ Tech package.

Either these sales managers like the cars so much, they'd rather not sell them, or they don't understand supply and demand curves.

What's the usual discount for a brand new "year old model?" How about a brand new "2 year old model?"

If I had to guess lack of lease support is probably hindering their sale.

explorerx4

The discount, due to incentives, are larger on an XLT than a Lariat and up. The 3.5 ecoboost gets the 10 speed, all others have a 6 speed.
Here is a link so you can see some relative prices
http://www.mitchellseligford.com/new-inventory/index.htm?search=&model=F-150&=&=&saveFacetState=true&lastFacetInteracted=inventory-listing1-facet-anchor-year-0

qbrozen

Just gotta add back the incentives you don't qualify for. And I have a feeling that site isn't showing the discounts accurately. For example, there is a loyalty discount, but that site doesn't call out a loyalty discount, just a bunch of nondescript "bonus cash."

explorerx4

That's why I said relative prices.
The dealership is pretty reputable, though.

brian125

qbrozen

Helping a friend who likes this CPO 16, Ford Edge Titanium awd . Its was a rental from VA bought at auction. Its listed at $29,500. dealers adding 7yr 100k with extra 8th yr warranty.

Would you have a idea what price this vehicle was bought at auction?.
A good take or leave target price to buy.
Any thoughts on a rental with 25k ? Warranty seems to favor any problems down the road .....TKS

My advice was to buy a left over 2016 Edge that had msrp's of 40k to 44k. With discounts u should be no more than 32k on a 16 model

https://www.truecar.com/used-cars-for-sale/listing/2FMPK4K82GBB74353/2016-ford-edge/

qbrozen

I don't see it on the auction report.

Similar vehicles fetching in the upper $25k range. Price seems pretty fair given the warranty, and as long as it has no service needs right now (brakes, tires, etc). They probably have $27k or so into it.