Real-World Trade-In Values

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Comments

  • qbrozenqbrozen Member Posts: 29,097
    magnumek said:

    Hi. I am looking for a second car. I am currently driving an Infiniti G37x. I would want a pre-owned car thats reliable, has low depreciation, is fun to drive and gives a luxurious feel. I am planning to change it in ~3 years so I want to keep a high resale value. I am considering two, not sure which should I pick:

    2014 Lexus IS 250 with 70k miles - $15000

    2015 Infiniti Q50 with 90k miles - $13000

    Which one is a better deal?

    Good deal on the Q50. GREAT deal on the is250. Better make sure its clean and good history.

    Lexus will hold its value better. Coupled with being a better deal right now, it will definitely cost you less in depreciation over the next 3 yrs.

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • tjc78tjc78 South JerseyMember Posts: 12,008
    Big difference in power between the two. I agree w/Q that the Lexus will be cheaper to own, but the Infiniti is going to be the better driving car IMO

    2020 Volvo XC90 T6 Momentum / 2019 Volvo S60 T6 Inscription

  • magnumekmagnumek Member Posts: 39
    Thank you very much. I purchased the Infiniti Q50 because the seller had all maintenance reports from Infiniti dealership. Its in really perfect condition, even though the mileage is a bit on the higher side.

    I am also replacing my G37x for that Lexus IS250 because my wife likes it.

    Now I have another question and I would appreciate your help - again.

    I leased a 2016 Ram 1500 Big Horn Crew Cab for my dad and the lease is ending in a month. I negotiated a steal price at that time, I tried to match it on a new lease but couldn't even come close. The contracted mileage is exceeded by 10k so thats around $2500 fee. I am considering a buyout of that car if its worth it.

    The lease was $317/mo with 12k mileage, it is equipped with lots of extras such as bigger touch screen, premium sound system, backup camera, parking sensors, premium heated cloth seats, chrome accents, navigation, truck bed cover.

    The buyout price is $25600. I tried to negotiate it but the bank did not even want to hear about it. Is it a good price?

    Should I:
    • buy it out,
    • lease another vehicle
    • pay the mileage fee and return the vehicle and buy a pre-owned Ram elsewhere
  • qbrozenqbrozen Member Posts: 29,097
    I’m guessing its a 5.7L 4x4?
    The buyout is pretty good. You might get like $24k or 24.5k from a carvana/vroom, so you might want to look into that and pay half the penalty than if you turned it in (don’t forget dispo fee and wear and tear, so could be 1/3 by selling it).

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • nyccarguynyccarguy Stamford, CTMember Posts: 14,669
    Negotiate a lease for a new FCA vehicle if that’s what he wants. See if the bank (not the dealer, they’ll just try to roll it into the new lease) will eat a portion of the mileage. Either way, turn it in and walk away. Don’t buy out the lease.

    2001 Prelude Type SH, 2017 Pilot Touring AWD, 2019 Tacoma TRD Sport 4WD

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    Q - can you check this for a buddy of mine?

    2016 GMC Acadia Denali AWD
    37k Miles
    Mocha exterior
    Moonroof
    Nav
    Bose

    Located at a dealer Rochester Minnesota. What’s wholesale and a fair retail price? Not sure if it’s CPO.

    Thanks!
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
  • qbrozenqbrozen Member Posts: 29,097

    Q - can you check this for a buddy of mine?

    2016 GMC Acadia Denali AWD
    37k Miles
    Mocha exterior
    Moonroof
    Nav
    Bose

    Located at a dealer Rochester Minnesota. What’s wholesale and a fair retail price? Not sure if it’s CPO.

    Thanks!

    Mid 25s. So I’d shoot for $28k non-cpo

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    Thanks Q!
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
  • woodywwwoodyww Member Posts: 1,819
    For a friend: 2011 Honda CRV EX, AWD, 130K miles, Boston area. Vehicle looks nice, light green w/tan lthr, I can't see any cosmetic problems. What's it worth, PP, or trade-in?

    I was saying; this might be the optimal time to sell it, & buy something new, but I don't really know. Just curious, thanks....

  • qbrozenqbrozen Member Posts: 29,097
    woodyww said:

    For a friend: 2011 Honda CRV EX, AWD, 130K miles, Boston area. Vehicle looks nice, light green w/tan lthr, I can't see any cosmetic problems. What's it worth, PP, or trade-in?

    I was saying; this might be the optimal time to sell it, & buy something new, but I don't really know. Just curious, thanks....

    about $5500-$6k trade. Could probably list it for $8995 PP.

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • MichaellMichaell ColoradoModerator Posts: 182,996
    OK, a little help.

    My cousin is looking for a new (to her) car. She was torn between three models:

    Fiat 500 Cabrio
    VW Beetle Cabrio
    Hyundai Kona

    She's finally landed on the Kona, and found this one at a dealer sort of close to her:

    https://www.jtskiarockhill.com/vehicles/2018-hyundai-kona-sel-97222a-km8k2caa6ju152253

    Fair price?

    @sda, how close is this dealer to you? My cousin lives just outside of Athens, GA.

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  • sdasda Indian Land, SCMember Posts: 4,237
    The dealer is about 45 minutes away. Athens is a 3.5 hr or so drive.

    2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech, 2006 Acura TL w/nav

  • stickguystickguy Member Posts: 41,701
    Nice looking Kona. No clue how over priced it is, but definitely at 18K it is.

    if those had been out when I got the Elantra, I probably would have ended up with one of them instead.

    2020 Acura RDX tech SH-AWD

  • stickguystickguy Member Posts: 41,701
    though maybe, if this identical one is right, maybe that is not a bad price!

    https://www.cars.com/vehicledetail/detail/784056865/overview/

    2020 Acura RDX tech SH-AWD

  • corvettecorvette United StatesMember Posts: 8,406
    Michaell said:


    Fiat 500 Cabrio
    VW Beetle Cabrio
    Hyundai Kona

    One of these is not like the others. Man, the Kona has some weird styling details. Did they hire the Aztec designers from Pontiac who got laid off when Pontiac folded?
  • MichaellMichaell ColoradoModerator Posts: 182,996
    corvette said:

    Michaell said:


    Fiat 500 Cabrio
    VW Beetle Cabrio
    Hyundai Kona

    One of these is not like the others. Man, the Kona has some weird styling details. Did they hire the Aztec designers from Pontiac who got laid off when Pontiac folded?
    She's having a bit of a mid life crisis, and couldn't decide if she wanted a convertible. She's had a 500 already - don't know what her ownership experience was with it.

    First order of business for her, after getting the car, is to relocate to California.

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  • qbrozenqbrozen Member Posts: 29,097
    Michaell said:

    OK, a little help.

    My cousin is looking for a new (to her) car. She was torn between three models:

    Fiat 500 Cabrio
    VW Beetle Cabrio
    Hyundai Kona

    She's finally landed on the Kona, and found this one at a dealer sort of close to her:

    https://www.jtskiarockhill.com/vehicles/2018-hyundai-kona-sel-97222a-km8k2caa6ju152253

    Fair price?

    @sda, how close is this dealer to you? My cousin lives just outside of Athens, GA.

    $18k at auction. So a bit of an outlier here. Also, new 2019s are being advertised for $20.5k on cargurus.

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • stickguystickguy Member Posts: 41,701
    edited September 2019
    SELs? Those sticker quite a bit higher than base models.

    Edit, I guess there are cheaper ones. I was looking at AWD tech package. They run over $26k. Base FWD SEL more like $22k.

    2020 Acura RDX tech SH-AWD

  • qbrozenqbrozen Member Posts: 29,097
    just a real quick glance. Didn't get into details, incentives, or whatever, but this is one of many: https://www.cargurus.com/Cars/new/searchresults.action?sourceContext=homePageNewCarTab_false_0&selectedEntity=d2663&zip=08510#listing=245745639

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • stickguystickguy Member Posts: 41,701
    Looks about right for a car without tech package

    2020 Acura RDX tech SH-AWD

  • MichaellMichaell ColoradoModerator Posts: 182,996
    Thanks! Her initial budget was around $15K, so she's stretching as it is. And, I suspect the blue is appealing to her, as well.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • qbrozenqbrozen Member Posts: 29,097
    Depends on the details. If, for example, she is planning on financing for 60 mos, then getting a vehicle 1 yr newer and financing for 72 mos for quite possibly a lower payment makes sense to me.

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • MichaellMichaell ColoradoModerator Posts: 182,996
    qbrozen said:

    Depends on the details. If, for example, she is planning on financing for 60 mos, then getting a vehicle 1 yr newer and financing for 72 mos for quite possibly a lower payment makes sense to me.

    I may be mistaken, but I think she's planning to pay cash.

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  • xwesxxwesx Fairbanks, AlaskaMember Posts: 14,784
    corvette said:

    Michaell said:


    Fiat 500 Cabrio
    VW Beetle Cabrio
    Hyundai Kona

    One of these is not like the others. Man, the Kona has some weird styling details. Did they hire the Aztec designers from Pontiac who got laid off when Pontiac folded?
    Nissan's Juke team. LOL
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • kyfdxkyfdx Moderator Posts: 187,579

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  • andres3andres3 Southern CAMember Posts: 12,424
    I'm eyeing a '16 S6 with a massive 62K miles for $34,000 (been sitting on the lot a LONG TIME).

    Worth it?
    '15 Audi S4 quattro AWD Prestige, '16 Audi TTS quattro AWD 2.0T, Wife's '19 VW Tiguan SEL 4-Motion AWD 2.0T
  • qbrozenqbrozen Member Posts: 29,097
    andres3 said:

    I'm eyeing a '16 S6 with a massive 62K miles for $34,000 (been sitting on the lot a LONG TIME).

    Worth it?

    On strictly a purchase basis, yes. Would break $32k at auction.

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • robbiegrobbieg Member Posts: 345
    andres3 said:

    I'm eyeing a '16 S6 with a massive 62K miles for $34,000 (been sitting on the lot a LONG TIME).

    Worth it?

    That isn’t too high considering it could be over 4 years old. Our 16 has 72,000 miles on it. And we have had it 3.5 years.

    An s6 could be different.

  • corvettecorvette United StatesMember Posts: 8,406
    That’s a lot of miles for one of those.
  • skrypedskryped Member Posts: 3
    Hey all,

    I'm 20, living in the Northeast, looking to buy my first car. Disclaimer: I know very little about cars.

    A nearby Subaru dealership has a 2016 Legacy 2.5i Premium listed for $11,995. KBB has the car at $12,411-16,278. Carfax lists one owner. One accident reported in 2017, rear impact. The rear of the car looks find from the eye test. Tires replaced at 80k miles.

    I understand that 100k miles is a lot of miles for a car that's only three years old. Firstly, is this a good deal for that price? Secondly, if I drive 10-15k miles a year, could I realistically expect this vehicle to last 5 or so years with minimal repairs/maintenance?

    I'm really liking this car and it fits within my budget (I'm financing). I want a nice-ish car with nice-ish features and a peace of mind driving it. If this ain't it, what car should I be looking for? AWD is preferred since I am new to driving in the Northeast.

    I appreciate any and all advice! Thank you in advance.
  • qbrozenqbrozen Member Posts: 29,097
    yes, $12k is a good price for that car. But there are definitely others out there that are more reliable with fewer miles for that kind of money.

    A 2016 Fusion SE AWD with half the miles, for example, or 2015 Q40 with 70k miles.

    When driving 15k/yr, I think it is usually better to get lower miles vs more recent production, within reason.

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • woodywwwoodyww Member Posts: 1,819
    skryped said:

    Hey all,

    I'm 20, living in the Northeast, looking to buy my first car. Disclaimer: I know very little about cars.

    A nearby Subaru dealership has a 2016 Legacy 2.5i Premium listed for $11,995. KBB has the car at $12,411-16,278. Carfax lists one owner. One accident reported in 2017, rear impact. The rear of the car looks find from the eye test. Tires replaced at 80k miles.

    I understand that 100k miles is a lot of miles for a car that's only three years old. Firstly, is this a good deal for that price? Secondly, if I drive 10-15k miles a year, could I realistically expect this vehicle to last 5 or so years with minimal repairs/maintenance?

    I'm really liking this car and it fits within my budget (I'm financing). I want a nice-ish car with nice-ish features and a peace of mind driving it. If this ain't it, what car should I be looking for? AWD is preferred since I am new to driving in the Northeast.

    I appreciate any and all advice! Thank you in advance.

    That's a HUGE amount of miles for a 3 or 4 y.o. car. That can't be the only used Subaru in your area. You need to look at a lot more cars, & do more research. IMO

  • skrypedskryped Member Posts: 3
    So from a logical perspective, should I remove this car from consideration?
  • qbrozenqbrozen Member Posts: 29,097
    yes

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    edited October 2019
    OK Q - one more for you, again in Rochester MN

    2018 GMC Sierra SLT Premium Plus
    Crewcab
    AWD
    2300 miles
    White Tri Coat over Tan Leather
    Nav
    Bose
    Park assist

    Looks like a pretty loaded boat. Dealer is asking $38-$39k for it. I can give you the VIN but it looks like it never hit auction.
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
  • qbrozenqbrozen Member Posts: 29,097
    Which Sierra (1500, 2500)? And which engine?

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    qbrozen said:

    Which Sierra (1500, 2500)? And which engine?

    Ah dang - sorry; Sierra 1500 SLT Premium Plus with 5.3L V8.
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
  • qbrozenqbrozen Member Posts: 29,097
    Similar one with 5800 miles went through Detroit auction for $34k. $37k'ish should probably get it done.

    ‘21 Camaro LT1, '07 ML63, '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c, '14 Town&Country Limited. 54-car history and counting!

  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    Thanks! Really appreciate it.
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    @qbrozen - they settled at 37,500 and they threw in a tonneau cover as well. My friend is quite happy (truck was listed at 40) and they seriously came up on trade for his old pick up that was starting to rust.
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
  • corvettecorvette United StatesMember Posts: 8,406
    Sounds like a good deal. The highly optioned ones seem to take a big hit once they’re considered used. Someone buying a basic work truck may not care as much whether it has a couple thousand miles or not.
  • woodywwwoodyww Member Posts: 1,819
    skryped said:

    So from a logical perspective, should I remove this car from consideration?

    I just think you should be either looking at used cars with way less miles (& no accident reports), or one of the new (least expensive) Japanese cars. Are you financing? Might be worth checking out buying something new.
  • xwesxxwesx Fairbanks, AlaskaMember Posts: 14,784
    woodyww said:

    skryped said:

    So from a logical perspective, should I remove this car from consideration?

    I just think you should be either looking at used cars with way less miles (& no accident reports), or one of the new (least expensive) Japanese cars. Are you financing? Might be worth checking out buying something new.
    At this stage of life, cheap and reliable is the best bet. Personally, I would not mind an accident history as long as it reflects in the price I pay. Fewest miles possible for the best price possible. And, maintenance history (e.g., available records, regular service, etc.) counts for a lot for me. I'll pay extra for that peace of mind.

    I received a fair bit of flack for buying a roll-over Subaru Forester about 4.5 years ago. $3,500. Excellent buy. I would do it again in a heartbeat.
    2018 Subaru Crosstrek, 2014 Audi Q7 TDI, 2013 Subaru Forester, 1969 Chevrolet C20, 1969 Ford Econoline 100, 1976 Ford F250
  • therealbofatherealbofa Member Posts: 45
    Hey fellas - can you help me with a value on this one?

    2016 Toyota 4Runner Limited, Red, ~39K miles, 80104
  • MichaellMichaell ColoradoModerator Posts: 182,996

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  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    About $1000 high, IMO.
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
  • stickguystickguy Member Posts: 41,701
    looks nice, but miles are steep. Good thing though, the engine is bulletproof, and you don't have the biodegradable AT to worry about!

    I would think it is a big optimistic, but not crack pipe level. Show up with 40 benjamins and see what happens!

    2020 Acura RDX tech SH-AWD

  • MichaellMichaell ColoradoModerator Posts: 182,996

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  • MichaellMichaell ColoradoModerator Posts: 182,996
    @breld and @jpp75 are trying to spend my money. I should have kept my mouth shut on the ES300 I found.

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  • 28firefighter28firefighter Seattle, WAMember Posts: 7,676
    I love that RSX. Maybe a bit optimistic on price.
    2019 Subaru Outback 3.6R Limited, 2007 BMW 530xi Touring 6MT (on loan), 2004 BMW 330i ZHP 6MT
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