Real-World Trade-In Values

qbrozen

courtastiche said:

Negotiating a lease for a 2018 Audi sq5, zero down. They are offering to cut me a check for my 2013 Q5 for $23,500. Has 40K miles. I'm in GA. Is that good value?

4cyl, 6cyl, or hybrid? current condition? any previous paintwork? any maintenance needs? color inside and out?

4cyl. Good condition. No paint work. No maintenance. Black/Silver Really appreciate the help. Also... Does them offering a check for my current car have anything to do with my potential lease if none of the funds are being used on it? Dealer keeps trying to play one off the other.

That is seriously strong money on your 2013. I would have pegged it at $19k for Premium and $21k for Premium Plus. They are giving you retail value! Take that money and run!

it should have zero bearing on your lease. Hopefully you are getting all discounts/rebates.

rogerk2017

I am trying to buy ACURA rdx and want to decide if i should trade in or go private party. Can you give me a trade in value for a 2009 Infiniti G37x AWD sedan - 57000 miles - good condition - no crashes - maintained at dealer for the life of the car - clean car.

Michaell

rogerk2017 said:

I am trying to buy ACURA rdx and want to decide if i should trade in or go private party. Can you give me a trade in value for a 2009 Infiniti G37x AWD sedan - 57000 miles - good condition - no crashes - maintained at dealer for the life of the car - clean car.

Location?

Color - inside and out?

rogerk2017

Grey - outside, Black - inside

rogerk2017

Kansas City

qbrozen

About $8500.

For PP, I'd ask $11,495 and take $10k if you get hard up.

rogerk2017

Thnak you.

explorerx4

Geez qbrozen, you didn't ask, Kansas or Missouri?

corvette

That sounds really cheap until I realize that G37x is almost ten years old! 

nyccarguy

corvette said:

That sounds really cheap until I realize that G37x is almost ten years old! 

Amazing how long that car carried on for after that.  Especially in today's day & age.

rogerk2017

it rides well today as good as it was with 2 miles on it, looking to get new technology and rear view camera - 2009's did not come with those.. - Talking to KS/MO dealers so all good. Thanks

abatra

Hi All-

Looking for trade in value for my Audi A4 2009 2.0 Premium Plus trim AWD/Quattro. Dark blue color. Mileage 86000. Located in Northern California. Also has Nav and rear camera plus parking assist.

Trying to use this new service called Shift and they're offering $5500 based on wholesale quotes. Seems a bit low so thought I'd ask here. 

qbrozen

It is about what I would expect for a cash offer. As a trade, you might squeeze $6k out of it.

Mr_Shiftright

I'd guess $8,000 retail if it were nice and clean, so a $6K trade wouldn't be too bad.

explorerx4

Last weekend I drove a 2016 MKZ that I liked the look of but drove like crap.
Found a 2015 that looks the same for sale at CarMax, but no history available.
Only has 5k on it, but interior pictures maybe not as good as I would expect.
VIN is 3LN6L2JK7FR618840.
Can anyone help me out with a history report on it? TIA.

corvette

explorerx4 said:

Last weekend I drove a 2016 MKZ that I liked the look of but drove like crap.
Found a 2015 that looks the same for sale at CarMax, but no history available.
Only has 5k on it, but interior pictures maybe not as good as I would expect.
VIN is 3LN6L2JK7FR618840.
Can anyone help me out with a history report on it? TIA.

Why did you think it drove like crap? I had one as a rental when I was in Seattle. IMO, the 3.7 liter V6 just doesn't provide the sort of thrust you'd expect in a luxury car. Mine had some build quality problems, also.

explorerx4

@corvette,
It just didn't ride well. It the 19 inch wheels and has an adjustable suspension, but the ride seemed harsh.
My wife has an MKC with 20 inch wheels and it rides much better than the car I test drove.
I'll probably test drive another one after Thanksgiving.
BTW, the car was a CPO 2016 with 15k miles on it.

Mr_Shiftright

re: 3LN6L2JK7FR618840

It's a bit odd --one owner, leased vehicle, but only driven around 4,800 miles in a couple of years.

?? Not sure how it got 15K on the clock---perhaps CARFAX is wrong on that. There is a note of "correction to record" by the dealer on Oct 17th.

explorerx4

Thanks Mr_Shifty,
The VIN I posted is for a different but similar car to the one I test drove last weekend.

Mr_Shiftright

Ah, OK.

audi77707

Hi,

I am exploring trading in my leased S3 for a Q5 to get more space. My S3 is a 2016 prestige with only 11k miles and is entering year 3 of my 3 year/10k miles per year lease. 

During my negotiations they are telling me I have negative equity, saying the trade in value is $27k and the buyout of the lease/car is $32k. This is hurting me in my negotiations and I'm trying to determine if they're screwing me or if that seems reasonable. 

Michaell

audi77707 said:

Hi,

I am exploring trading in my leased S3 for a Q5 to get more space. My S3 is a 2016 prestige with only 11k miles and is entering year 3 of my 3 year/10k miles per year lease. 

During my negotiations they are telling me I have negative equity, saying the trade in value is $27k and the buyout of the lease/car is $32k. This is hurting me in my negotiations and I'm trying to determine if they're screwing me or if that seems reasonable. 

A few questions to help our experts:

1. color - inside and out?
2. location?
3. condition - bumps, scrapes, tires, interior?

audi77707

1. Black on black 
2. Chicago, IL
3. Interior is perfect. Exterior has a small sent on back bumper and a little tire rash.

thanks! 

qbrozen

Something is definitely wrong. Are you sure you have your numbers correct? The buyout NOW is 32k or is that the buyout at the end of the lease?

Here is a snapshot of all auction sales for 2016 S3 Prestige models. Even if we took the lowest number on here, you should be getting $32k at a minimum. I would think $33k would not be a problem, and even $34k.

Michaell

@audi77707 - don't rely on the dealer for the payoff information. Call AFS directly and get the current payoff.

audi77707

Thanks for the auction info.

yes, I just looked up my account with AFS and my current payoff quote is $32,700 which is my residual of ~$28k and my remaining payments of ~$5k.

in reality the residual should be higher because I’m only at 11,000/30.000 miles. 

Any other thoughts? 

Thanks 

roadburner

The residual is baked into the lease- it's usually non-negotiable.

qbrozen

audi77707 said:

Thanks for the auction info.

yes, I just looked up my account with AFS and my current payoff quote is $32,700 which is my residual of ~$28k and my remaining payments of ~$5k.

in reality the residual should be higher because I’m only at 11,000/30.000 miles. 

Any other thoughts? 

Thanks 

Sounds like you are in an OK position. Try a different dealer if yours refuses to face reality. You don't even have to get another Audi.

ade3333

Hoping someone could give me an idea what I could expect if I traded in the following
zip code 19003
2008 Honda CRV
EX, AWD
90k
Blue exterior, black interior
VIN is clean but there was a minor accident many years ago and the lift gate was replaced.
Also has a dent (5" diameter) in the hood

Many thanks

qbrozen

Maybe $4500-$5500, depending on quality of paint on that tailgate and any current service needs.

andres3

qbrozen said:

audi77707 said:

Thanks for the auction info.

yes, I just looked up my account with AFS and my current payoff quote is $32,700 which is my residual of ~$28k and my remaining payments of ~$5k.

in reality the residual should be higher because I’m only at 11,000/30.000 miles. 

Any other thoughts? 

Thanks 

Sounds like you are in an OK position. Try a different dealer if yours refuses to face reality. You don't even have to get another Audi.

Blasphemy!

That's an offense punishable by being forced to drive a Ford Aspire for 10 years.

qbrozen

The punishment would be driving an Audi for 10 years and paying a dealer for all repairs. :b

explorerx4

Ford Aspire was a Kia, so he's already there.

Mr_Shiftright

qbrozen said:

The punishment would be driving an Audi for 10 years and paying a dealer for all repairs. :b

Hey my buddies run an indy Audi repair shop. Stop taking bread off their table!

steine13

It's that time of year again...when a young man's fancy turns to used cars. Or more to the point, we have a new post-doc from foreign lands who needs wheels, so they send him to me.
This is in East Lansing, Michigan, as always.
Go Green amiright?

Candidate #1:
2011 Mazda 2 hatchback, 80k miles, black
1.5 l four-cyl [only engine I think]. 5 spd manual, natch.
Power equipment, cruise, air, no roof no wheels.
It wasn't black I might think about buying it myself.
It's been for sale on craigs for $4,800 with no takers in a month.
I'm thinking low 4's or $4,500 OTD -- tax is six percent -- ought to do it.

The car looks clean with a flashlight, but I haven't driven it or been inside it.

It handily meets what I call the 'Stetson Criterion' after a friend who came up with it: Can you expect to run it for 10 cents/mile in cost + repairs + maintenance? By that math, it needs to run another 40-50k without major work. Sounds very doable.

Candidate #2 is more of an oddball, out of curiousity:
2004 Acura RL, dark gray, 120k, sunroof etc. etc. Nice shape and no rust. I don't know about upkeep on these. Asking $3,800.

This are durable cars, if always a bit awkward in the luxury market. I don't really have a feel for this oddball but it caught my eye..

Thanks in advance as always!
cheers -mathias

qbrozen

Acura is the standard 3.5 v6 and 5-speed auto that Honda always uses, I believe. '04 means potential transmission failure, though.

Do we know which trim level on the mazda2? Prices vary quite a bit but they probably don't have more than $3500 in it, tops. 

steine13

Thanks q, I didn't know but upon inspection it appears it's a Touring -- the level above Sport. Had to check with Edmunds' description which said "upgraded cloth seats with red piping."
So there must be alloys as well, mah bad...

It seems like the car is a candidate if it checks out.
Now's a good time of the year to buy in any case.
cheers -m

dillydill

qbrozen said:

Acura is the standard 3.5 v6 and 5-speed auto that Honda always uses, I believe. '04 means potential transmission failure, though.

Do we know which trim level on the mazda2? Prices vary quite a bit but they probably don't have more than $3500 in it, tops. 

04 RL still had the 4 speed auto. They ride nice but gets high teens/low 20’s for gas mileage with premium required/recommended.

steine13

dillydill said:

04 RL still had the 4 speed auto. They ride nice but gets high teens/low 20’s for gas mileage with premium required/recommended.

That is good to know.. that might make it a candidate if it otherwise checks out. The car looks good.

The Mazda2 was OK, clean inside, a few scratches on the outside... but it needs a clutch, badly. All of a sudden, it's more of a project than a car to just get in and drive away.

OTOH, the dealer is a reasonable guy. He'll call me tomorrow and let me know about a few cars he's got on the way. It'd be nice to get this sorted before it gets cold, which is right around the corner. Had an unbelievable 60 degrees today.

andres3

Okay, here's a good one:

Private party availability (it's for sale):

2009 Audi R8 V8 4.2 Black over black. R-Tronic transmission. 2 owners, clean Carfax I'm told.
VIN: WUAAU34209N001416
30,000 miles, said to be in excellent conditions (2 pictures appear to agree; but it is nearing 9 years old).
Enhanced Full Leather Package
Premium Package
Navigation
B&O Sound System
Bi-Xenon Lights
LED tail lights.
Magnetic Ride
(so loaded; no accidents)

He's asking a whopping $79,000! Is that realistic for old R8's? Sounds like good resale to me.

the R-tronic is not as loved as the newer dual clutch units.

Mr_Shiftright

That would be dealer high retail asking. Miles are closer to 35,000. Had a brand new long block installed at 22,000 miles and 3 owners so far.

andres3

Mr_Shiftright said:

That would be dealer high retail asking. Miles are closer to 35,000. Had a brand new long block installed at 22,000 miles and 3 owners so far.

Wow, that's a lot of owners, even for an R8, with very low miles. To me that's a red flag, 3 owners that drove it an average of less than 12,000 miles each? Something's fishy.

Mr_Shiftright

Plus the issue of the new engine--you pretty much have to take the car apart.

qbrozen

andres3 said:

Okay, here's a good one:

Private party availability (it's for sale):

2009 Audi R8 V8 4.2 Black over black. R-Tronic transmission. 2 owners, clean Carfax I'm told.
VIN: WUAAU34209N001416
30,000 miles, said to be in excellent conditions (2 pictures appear to agree; but it is nearing 9 years old).
Enhanced Full Leather Package
Premium Package
Navigation
B&O Sound System
Bi-Xenon Lights
LED tail lights.
Magnetic Ride
(so loaded; no accidents)

He's asking a whopping $79,000! Is that realistic for old R8's? Sounds like good resale to me.

the R-tronic is not as loved as the newer dual clutch units.

no consistency with these. $70k for units with under 20k miles. $64k for one with 38k. And one standout with 28k, rated a 4/5, sold for $48k.

steine13

http://www.youngautosales.com/used/Honda/2008-Honda-Accord-b133627a0a0e0ae83c2f6da6521345ac.htm
2008 Honda Accord LX 5sp 144k miles.
VIN : 1HGCP25308A064859
Looks alright to me, asking $6k.
It needs a careful inspection and a long test drive. 40 min from here which is a pain but it's totally out of its element in rural michigan at a chevy dealer so it's got potential.

corvette

Should be fine, I think the Accord had a timing chain and not a belt by 2008. It has Continental tires, which are a relatively expensive choice for a car with 144,000 miles on it. I'd deduct bigly for the handshaker, it will be a pain to resell. Looks like great basic transportation if you can buy it at a fair price. If your buyer has any interest in luxury at all, I might just take a flyer on the 2004 Acura RL--I think that was the last model year of that body style.

steine13

corvette said:

It has Continental tires, which are a relatively expensive choice for a car with 144,000 miles on it.

That is one of my superstitions also. When I see a cheap car with good tires, I take that as a sign that money was spent elsewhere, too, like maintenance. I don't know that it's really true but in old cars you're just playing the percentages.
I'm starting to warm towards that'04 Acura. Another superstition is that the final year of any given model is the one to get. My '03 Sienna with 187k certainly bears this out.

My '83 Malibu wagon was pretty good, too

qbrozen

steine13 said:

http://www.youngautosales.com/used/Honda/2008-Honda-Accord-b133627a0a0e0ae83c2f6da6521345ac.htm 2008 Honda Accord LX 5sp 144k miles. VIN : 1HGCP25308A064859 Looks alright to me, asking $6k. It needs a careful inspection and a long test drive. 40 min from here which is a pain but it's totally out of its element in rural michigan at a chevy dealer so it's got potential.

$5k is more than generous. $4k is more like it. Anywhere in between is OK. Oddly, autocheck has NO history on this car since it was first sold new. 

kyfdx

corvette said:

Should be fine, I think the Accord had a timing chain and not a belt by 2008. It has Continental tires, which are a relatively expensive choice for a car with 144,000 miles on it. I'd deduct bigly for the handshaker, it will be a pain to resell. Looks like great basic transportation if you can buy it at a fair price. If your buyer has any interest in luxury at all, I might just take a flyer on the 2004 Acura RL--I think that was the last model year of that body style.

Accord 4 cylinders haven't had timing belts since 1993, I think.

The 6 cylinders might still have belts.

stickguy

The 6 still does. Pretty sure my RDX has one. My 2005 accord 4 was a belt