Real-World Trade-In Values

stickguy

Did it once. would prefer not to do it again.

corvette

I like that X3 over the Q5 with the bad Carfax. 

kyfdx

corvette said:

I like that X3 over the Q5 with the bad Carfax. 

Yeah.. M-Sport is pretty rare.

Seems weird that independent dealers are asking full retail on their cars, but what do I know?

@qbrozen I know this isn't the CCBA thread, but did you suggest that I NOT buy a new car?

nyccarguy

He did.  I'm inclined to side with him too.  After the brakes, what are you going to need by the time it hits 120K?  Oil change?  Spark Plugs?

qbrozen

Its for your wife, though. I'm quite happy to let my wife keep a vehicle as long as she wants!

Michaell

qbrozen said:

Its for your wife, though. I'm quite happy to let my wife keep a vehicle as long as she wants!

I think we're likely to keep the Outback for 10 years - if there was a "fingers crossed" emoji, I'd be using it here.

2.5 years old and around 21,000 miles on it. So long as the wife and daughter continue to work for the same employer, and share the commuting responsibilities, the miles will stay low.

kyfdx

Our plan was for six years when we bought it with 28K miles. My wife was retiring, and I was estimating 10K-11K mi/yr. But, last year, she took a part-time job with a non-profit, and it involves off-site visits, and her mileage has ramped up.

She doesn't have any issues with the vehicle, but I'm trying to stay ahead of the big repair costs. As I noted above, though, I'm not sure I've saved any real cash over leasing. $45K+ vehicles are expensive to drive. (you can use that, if you want )

xwesx

At $9,500 current value, are you really going to lose much if you just keep it until something major pops up, or even starts peeking over the horizon? I imagine you might lose another 50% on the value of the car over the next two years of ownership, which is only $4700, and that's maybe half of what you would spend in a single year just to park any other car in your driveway.

If she's happy with it, just keep it.

nyccarguy

qbrozen said:

Its for your wife, though. I'm quite happy to let my wife keep a vehicle as long as she wants!

Me too!  My wife doesn't LOVE our Pilot, but she understands it serves a purpose, it is completely paid off, and has been as reliable as the sun.  

kyfdx

xwesx said:

At $9,500 current value, are you really going to lose much if you just keep it until something major pops up, or even starts peeking over the horizon? I imagine you might lose another 50% on the value of the car over the next two years of ownership, which is only $4700, and that's maybe half of what you would spend in a single year just to park any other car in your driveway.

If she's happy with it, just keep it.

Who are you guys?

Michaell

Who are you guys?

I'm thinking the same thing.

Don't you normally want to get out of a car before 100K, as that threshold drops the trade value? Or is that an old wives tale?

cdnpinhead

Michaell said:

Or is that an old wives tale?

Be careful! The PC police may contact you in order to get your mind right. I think that the term that's correct, at least for now, is "urban legend."

andres3

stickguy said:

Did it once. would prefer not to do it again.

In my last two cars I've avoided black interior, but I still get a largely black interior. Admittedly, I think it does go well with red seats/accents/trim. I wouldn't want a red/beige combo interior, but I wouldn't mind a fully decked out lighter color, even the floor mats/carpet.

andres3

I've had the TTS for over a year now. Entering long term ownership

28firefighter

I have to intervene. Since when does logic prevail among this group for keeping a car?  I say flip it and find a 35i to replace it!  

qbrozen

andres3 said:

I've had the TTS for over a year now. Entering long term ownership

Shouldn't you subtract time in the shop? ;b

qazi83

Hi folks,

Would love to join the Pacifica family from boring Honda. Beautiful car. But I'm having trouble figuring out what out the door price I should be negotiating because I feel I'm getting low balled on the trade. Here are the numbers I'm working with.

Pacifica Limited Black/Black with Uconnect Theater Package, Advanced SafetyTec Group, Tire & Wheel Group, All weather mats and cargo mat.

MSRP: $48975

Trade: 2014 Honda Odyssey Elite with 49k miles, needs four new tires

Illinois sales tax is based on difference between MSRP and trade at 7%. Hence, I'm shooting for roughly 49k - 25k trade = 24k x 7% = $1680 tax

I don't know what rebates/incentives are being put into the numbers, but I'm being quoted an OTD price of $19,200 from two dealers. They are calculating a trade of 23-24k, which seems low for the odyssey? I was aiming for $17k OTD. Should I go for the 19,200 or hold out for 17k?

I know this is asking for a lot, but any help would be appreciative. I really would love to get the family in this car. Thank you in advance. Please feel free to PM me.

qbrozen

You threw me with your OTD. You said $25,680 difference + tax above. But then talking about $17k? Also, I have no idea what doc fees and DMV fees are for you.

Mr_Shiftright

Michaell said:

Who are you guys?

I'm thinking the same thing.

Don't you normally want to get out of a car before 100K, as that threshold drops the trade value? Or is that an old wives tale?

Depends on the car I think. I'd be of the opinion that it's not that the value drops, but that the car's potential buyer base shrinks, as some people will simply not buy over 100K. So you might sell it for the same money as a 90K car, but it'll take longer.

Michaell

qbrozen said:

You threw me with your OTD. You said $25,680 difference + tax above. But then talking about $17k? Also, I have no idea what doc fees and DMV fees are for you.

Actually, the question is about the trade value of the odyssey.

@qazi83 - how many miles are on it? Besides the tires, does it need any other work? How about the interior condition?

This will help the experts put a value on it.

Sandman6472

That brown over brown VW Eos was sold this past Monday I was told Wednesday when I stopped by to test drive it. Am not surprised as it had low miles and looked brand new on the outside. Had just over 17K on the clock and they were asking just under $24K and assuming they got very close to it. They did have a couple of 2014 models there, both with miles in the low 30's. One was a white over black and the other, light blue over grey. They also were asking just under $24K for the blue one though it did have some marks on the outside. The white one has no interest for me. Left my name and number if anymore '14 models come in, since that was the last year of production from what I was told.
Learned a valuable lesson here...if you snooze, you lose! Guess the timing was off here and maybe another VW product is just not meant to be. The convertible/moonroof combo was something I liked and that brown/brown combo was stunning in the sunshine. Funny, that 2014 328i I found at the Honda store was also brown over brown with similar miles but lower price. I'd also like a blue over beige combo on either a 320i or 328i. Time will tell.

The Sandman

xwesx

Odyssey was mentioned at 49K miles, I believe. I'm curious as to how you approached the deal so far, @qazi83. I would first work to figure out what I was willing to pay for the new vehicle, and work toward a sale price that meets those expectations, before worrying too much about the trade. If they can't come to a reasonable number on the trade later on, then maybe walk, but there's more than one outlet to dispose of your current ride, and it doesn't take much movement in the price to cover the difference in tax.

qbrozen

qazi83 said:

Hi folks, Would love to join the Pacifica family from boring Honda. Beautiful car. But I'm having trouble figuring out what out the door price I should be negotiating because I feel I'm getting low balled on the trade. Here are the numbers I'm working with. Pacifica Limited Black/Black with Uconnect Theater Package, Advanced SafetyTec Group, Tire & Wheel Group, All weather mats and cargo mat. MSRP: $48975 Trade: 2014 Honda Odyssey Elite with 49k miles, needs four new tires Illinois sales tax is based on difference between MSRP and trade at 7%. Hence, I'm shooting for roughly 49k - 25k trade = 24k x 7% = $1680 tax I don't know what rebates/incentives are being put into the numbers, but I'm being quoted an OTD price of $19,200 from two dealers. They are calculating a trade of 23-24k, which seems low for the odyssey? I was aiming for $17k OTD. Should I go for the 19,200 or hold out for 17k? I know this is asking for a lot, but any help would be appreciative. I really would love to get the family in this car. Thank you in advance. Please feel free to PM me.

$24k is about right on the honda. I'm seeing about $7500 off sticker on trucar (although I can't get all the options to register) using $3k in rebates ($1k conquest, $1k customer cash allowance, $500 summer bonus, and $500 chrysler capital cash). 

So $41.5k - $24k = $17.5k plus tax and tags. Of course, I believe you have to pay tax on $20.5k. That is $1435. That is almost $19k right there as far as I can see before getting to the fees.

explorerx4

Q,
Looking for trade in value on a 2017 Fusion.
Don't worry, I could have paid cash for it.

2017 Ford Fusion SE.
New condition, under 5k miles.
Gray/black.
1.5 not 2.0.
Lux package(heated leather front seats).
Tech package(touch screen/Sync3)
Moon roof.
Upgrade to 18 inch Mach wheels.

Looking at 3 sedans and a CUV.

qbrozen

Tough one because I can't see engine size (or options) in the listings. The trade range would be $15k-$17k. Yours sounds quite loaded EXCEPT the engine. I just don't know how that translates into the real world buying public.

tifighter

28firefighter said:

I have to intervene. Since when does logic prevail among this group for keeping a car?  I say flip it and find a 35i to replace it!  

Finally, the voice of reason...

kyfdx

tifighter said:

28firefighter said:

I have to intervene. Since when does logic prevail among this group for keeping a car?  I say flip it and find a 35i to replace it!  

Finally, the voice of reason...

@qbrozen got me to thinking.. I started looking into the new car for her, as I was seeing some incentives on new X3s, and thought maybe I could bring in a lease under $500/mo. ($50K MSRP). Of course, once I start looking into leasing a vehicle, I have to check to see what used ones are selling for... and, down the rabbit hole I go.

She loves her car... she knows she needs a new one, eventually, but as long as it's reliable, she doesn't care about repairs, etc, etc.. BMW gives her a service loaner, and I usually run up and drop it off for her, so no friction. I know I've got front/rear brakes in the next year... but, unless it coughs up a transmission, I can't really come out behind by keeping it. (It's only worth $9500). Plus, a "new" model is out for 2018. Maybe, that will knock the price down on the 2015-2017 models, in the next year.

Since I own it, I can flip it at any time, so no hurry.. Taking a step back.

Mr_Shiftright

Who here would buy a car they really liked but in a color they really don't like?

kyfdx

Mr_Shiftright said:

Who here would buy a car they really liked but in a color they really don't like?

Not me... I'm not picky about color, but if I don't like it, then it's a no-go

explorerx4

Q,
Thanks for the info. That's pretty much in the range I was expecting.

Sandman6472

Would not buy it either, would be too unhappy as the days and weeks wore on! There are just some color combos I just would not buy no matter what.

The Sandman

Mr_Shiftright

I often wonder when Q talks about color affecting value, how one really determines that.

tjc78

Mr_Shiftright said:

Who here would buy a car they really liked but in a color they really don't like?

When I leased the Elantra I ended up with silver... not my favorite by a long shot but I don't hate it either.  

qbrozen

As for resale value, the "best" colors are the most common and most conservative. White, silver, black have the best chance (although black interior in hot climates can hurt). Light interiors are more often preferred. But black/black in the northeast is fine.

As for your other question, I have almost never gotten my preferred color choice, but I have never gotten a color I hate.

corvette

Mr_Shiftright said:

Who here would buy a car they really liked but in a color they really don't like?

My mom! Wanted a dark blue Q5, didn't want to order. The only one they could dealer trade for didn't have any options. So she took a dark green one instead. (I actually prefer Audi's medium blue color.) 

roadburner

Mr_Shiftright said:

Who here would buy a car they really liked but in a color they really don't like?

My E24 M6 was black, but with less than 2,000 sold in the US, condition trumped color.

nyccarguy

I always have at least 2 colors that I like and a 3rd alternate.  When I bought my Infiniti Q40 back in March, my #1 choice was the Slate Blue, and #2 Black.  I might have gone with White as choice #3.  I wanted to stay away from the Liquid Platinum (Silver) and the darker Grey.  Mileage and condition were more important to me than color.

stickguy

I would, if the deal was just too good to pass up. Within reason (such as no neon green). I am actually pickier about interior color.

pensfan83

@qbrozen, can you assist? Asking for my father:

2013 F-150 Supercrew XLT 4x4
3.5L V6 Ecoboost
Steel Gray over Steel Gray
XLT Convenience Package
XLT + Package
XLT Chrome Package
Trailer Towing Package
50,500 miles
Southwest PA

The condition is very good, no major dings/scrapes/dents. Bed has a Rhino liner.

Thank you very much.

andres3

Yes, if you can get a top "4" color, then even if it isn't your preferred choice, it might just be good enough. Definitely probably have 2 or 3 colors I wouldn't want at all.

Also, like @stickguy I've decided interior matters as much, if not more than the exterior.

The darker grey of the TTS was my 4th color choice, but with my 1st interior color option.

qbrozen

pensfan83 said:

@qbrozen, can you assist? Asking for my father: 2013 F-150 Supercrew XLT 4x4 3.5L V6 Ecoboost Steel Gray over Steel Gray XLT Convenience Package XLT + Package XLT Chrome Package Trailer Towing Package 50,500 miles Southwest PA The condition is very good, no major dings/scrapes/dents. Bed has a Rhino liner. Thank you very much.

About $22k, give or take

xwesx

corvette said:

Mr_Shiftright said:

Who here would buy a car they really liked but in a color they really don't like?

My mom! Wanted a dark blue Q5, didn't want to order. The only one they could dealer trade for didn't have any options. So she took a dark green one instead. (I actually prefer Audi's medium blue color.) 

In this case, I think she ended up with the better color. That dark green is just gorgeous.

I did that with my Fiesta. It was magenta. Otherwise, it was exactly what I wanted, but I would have bought the yellow they offered that year instead. However, the used car was $5K less, with 13,000 miles and 2/3 of factory warranty.... it just made sense.

pensfan83

qbrozen said:

pensfan83 said:

@qbrozen, can you assist? Asking for my father:

2013 F-150 Supercrew XLT 4x4
3.5L V6 Ecoboost
Steel Gray over Steel Gray
XLT Convenience Package
XLT + Package
XLT Chrome Package
Trailer Towing Package
50,500 miles
Southwest PA

The condition is very good, no major dings/scrapes/dents. Bed has a Rhino liner.

Thank you very much.

About $22k, give or take
Thanks! Trying to talk him out of doing anything but the dealer is pushing hard to get him in a new truck.

byl1623

hey guys can you assist!

Ive had a few dealers offer me some deals on 2017 CPOs... with the lowest being 18500+TTL+financing for a 2017 Nissan Rogue SV with 17k miles. Is this a fair deal? My target is 17500-18000+TTL+(maybe financing) and I've had dealers try to sell me 2017 CPOs at 24k (it was a rental, had cosmetic issues, was missing a key, had a tire replaced, etc). I called their bluffs several times and have seen the prices drop $5000 in less than 2 weeks. My long game strategy is to get them to continue to do so, because I do not believe the car is worth the $24 they are asking for (better yet the $20k)

I had a few dealers that wouldnt negotiate off of these specs:

2017 Nissan Rogue SV $20,945k/14k miles/rental --- cracked digital display, missing a cover to trunk component

2017 Nissan Rogue SV $20, 746/8k miles/fleet car


Am I being realistic or am I being a hard headed fool that just needs to bite on a good thing?

Please let me know! First car purchase of my life time!

qbrozen

FWD or AWD? In which part of the country do you live?

anything wrong with the $18.5k car?

luckyhunter

What will my fusion be worth in 3 years or so? The sticker price was $27,400. It's a 2017 SE. I paid $20,100 for it in March of 2017. I am technically the second owner. Just wondering what it'd be worth in 2020 with about 40,000 miles or so on it. Thanks!

thebean

luckyhunter said:

What will my fusion be worth in 3 years or so? The sticker price was $27,400. It's a 2017 SE. I paid $20,100 for it in March of 2017. I am technically the second owner. Just wondering what it'd be worth in 2020 with about 40,000 miles or so on it. Thanks!

Paging Nostradamus.

qbrozen

I'm sensing it will have a repainted bumper, 2 scuffed wheels, and in need of brakes at trade time. $9500. Please let me know what I win 3 yrs from now.

luckyhunter

I really hope it will be worth more than $9500. I'm hoping to at least get my $12,500 down payment back out of it.

explorerx4

I don't think anyone predicted used sedan values would drop 15% over the last year.