Real-World Trade-In Values

jmonroe · March 2020

Sandman6472 said:
Thanks JMonroe! "Life was better when we didn't know what we didn't want to know."!!

You're welcome.

jmonroe

blackjackmark · March 2020

Trade in value for the following would be appreciated

2016 Kia Optima SXL
Snow White Pearl exterior with black leather interior
48,000 miles
Zip 61820

Non-smoker I think it's in great condition but value bases on good just to low-ball.

Black Book shows $15k+, KBB.com is at $14.5-$16.7

qbrozen · March 2020

blackjackmark said:
Trade in value for the following would be appreciated

2016 Kia Optima SXL
Snow White Pearl exterior with black leather interior
48,000 miles
Zip 61820

Non-smoker I think it's in great condition but value bases on good just to low-ball.

Black Book shows $15k+, KBB.com is at $14.5-$16.7

I don't think I can answer requests right now. Mannheim has ceased most operations. My info would be severely outdated in this climate, and it would be a disservice to mislead people.

woodyww · March 2020

"I don't think I can answer requests right now. Mannheim has ceased most operations. My info would be severely outdated in this climate, and it would be a disservice to mislead people".

Should be "interesting" to see what happens with both the used, & new car market. How do you even buy a used car w/o worrying that the former owner, or one of their passengers, had the Covid 19? Do you de-contaminate the car? May sound extreme, but everything is sounding extreme these days. Or: there could be some good deals popping up for buyers who still have cash (?).

And new cars: I heard an interview with the CEO of Mercedes, & apparently their sales are way off, no surprise. Going into a car dealership can be an awful enough experience w/o also worrying about getting the corona virus from the salesperson.....it's scary enough in some areas just to go grocery shopping.

Not that any of that is so important compared to the problems for Covid19 patients, health care workers, mass lay-offs, etc.

qbrozen · March 2020

I lives for 72 hrs on hard surfaces, and less on porous, so don't get in it for 72 hrs after delivery and you should be good.

xwesx · March 2020

qbrozen said:
I lives for 72 hrs on hard surfaces, and less on porous, so don't get in it for 72 hrs after delivery and you should be good.

Yes, or just spray the whole thing down with Lysol (if you can find any!).

therealbofa · March 2020

Hey fellas - I'm about to turn in a lease and I'm pretty sure I already got the better end of the residual value but wanted to confirm. Can you give me a value on a 2017 Kia Cadenza Limited V6 in Graphite exterior with black leather? It's in excellent condition and only has about 12k miles.

qbrozen · March 2020

therealbofa said:
Hey fellas - I'm about to turn in a lease and I'm pretty sure I already got the better end of the residual value but wanted to confirm. Can you give me a value on a 2017 Kia Cadenza Limited V6 in Graphite exterior with black leather? It's in excellent condition and only has about 12k miles.

I am unable to answer requests right now. Mannheim has ceased most operations. My info would be severely outdated in this climate, and it would be a disservice to mislead people.

therealbofa · March 2020

qbrozen said:

therealbofa said:
Hey fellas - I'm about to turn in a lease and I'm pretty sure I already got the better end of the residual value but wanted to confirm. Can you give me a value on a 2017 Kia Cadenza Limited V6 in Graphite exterior with black leather? It's in excellent condition and only has about 12k miles.
I am unable to answer requests right now. Mannheim has ceased most operations. My info would be severely outdated in this climate, and it would be a disservice to mislead people.

No problem - I appreciate the heads up. Hope you are weathering the storm well.

tifighter · April 2020

Supposedly in China, used car sales are bonkers as people fear using public transportation as things open back up. I don't think this applies to the US as much since fewer Americans use public transportation and many already have a private car, but it's interesting nonetheless.

kyfdx · April 2020

Maybe, some pent up demand. China new passenger vehicle sales were down over 80% for February, 2020 vs. 2019.

stickguy · April 2020

So, I know you are technically closed for business (though personally I think you are essential!) so looking for a "middle of a pandemic gut feeling WAG" for my sister. In case she wants to pull trigger on a new car this month.

she has a 2009 Acura TSX. Dark red over black leather. Not a tech. Good shape overall, always dealer maintained. 1 owner. Pretty sure clean carfax, but I think she had the front bumper "refreshed" at one point, and some scratches and minor dings taken care of. But as of a few months ago, last I saw it, showed nice enough. Just a clean used car.

about 114,000 miles on it now.

I know it is probably a much better candidate for a private sale, but she is not doing that.

so, what do you think would be a number that is not too horrible to shoot for (at a Subaru dealer most likely?)

qbrozen · April 2020

WAG = $3k-$3500

stickguy · April 2020

thanks. that was going to be my guess also. If I actually needed a spare car now I would buy it for that.

bryan · April 2020

Hi: My brother is looking to trade his truck for a new one. Here's the details he sent me on his current ride:
Trade in-2014 Dodge Ram 1500 Eco with 120k miles in very good condition. Tow package, heated seats (gray cloth I believe), side step rails, cruise control, backup camera, bed liner, four doors, long bed and pearl blue. Location: Pensacola, Florida

If I've missed anything else, let me know and I'll try and get more from him. Thanks in advance!

qbrozen · April 2020

I am unable to provide accurate right now. Mannheim has ceased most operations. My info would be severely outdated in this climate.

I’d give a guess, but you didn’t mention 4wd or 2wd.

But, don’t trade in a diesel truck. Private sale all the way.

Huge_Colon · April 2020

I know it's a little up in the air right now, but any thoughts on trade-in value for a 2018 Ford Escape Titanium with 40k miles? Sunroof, Safe & Smart package, and 19" brt mach alum wheels. Thanks.

corvette · April 2020

@Huge_Colon see the post right above yours. I gather from your profile info that you are in NJ. If it is possible for @qbrozen to provide a guess, he will need to know the color of the vehicle, whether it's FWD or AWD, and whether it has a clean Carfax.

(There used to be a sticky at the beginning of the topic page advising people they need to provide this info, but I don't see it anymore.)

Huge_Colon · April 2020

Gotcha, my bad. Ext is black, Int is charcoal. AWD. Single owner, no accidents. Yeah, an educated guess is all I was hoping for, lol. Thanks.

qbrozen · April 2020

$14k-$14.5k, I hope.

nuetron79 · May 2020

Hi,
I see information may be delayed but wanted ballpark for 2017 Nissan Armada Platinum RWD, 51K, Forged Copper/Tan leather, single owner, clean CarFax. Just checking if worth looking at new car at end of the month. Thx.

qbrozen · May 2020

nuetron79 said:
Hi,
I see information may be delayed but wanted ballpark for 2017 Nissan Armada Platinum RWD, 51K, Forged Copper/Tan leather, single owner, clean CarFax. Just checking if worth looking at new car at end of the month. Thx.

Miles are up there. Probably looking at about $25k-$26k.

cjd260 · May 2020

Hi qb, any guess on dealer trade-in for a 2014 Mazda CX-5 Grand Touring AWD with 66k miles, Stormy Blue Mica w. tan leather, single owner and clean CarFax, but in fair condition (mechanically perfect, nothing needs to be replaced and no tears etc., but she definitely needs a good detail), Boston area? Similar to Neutron, I'm wondering if it makes sense to keep it around for another year or jump on a lease offer.

qbrozen · May 2020

cjd260 said:
Hi qb, any guess on dealer trade-in for a 2014 Mazda CX-5 Grand Touring AWD with 66k miles, Stormy Blue Mica w. tan leather, single owner and clean CarFax, but in fair condition (mechanically perfect, nothing needs to be replaced and no tears etc., but she definitely needs a good detail), Boston area? Similar to Neutron, I'm wondering if it makes sense to keep it around for another year or jump on a lease offer.

Maybe $9k-$9500.

28firefighter · May 2020

Q,

Can you give me an auction swag for my mom’s car?

2016 Volvo V60 CC T5 AWD Premiere.
42k miles.
Black over Black Leather.
Nav, BLIS, backup camera, park assist, heated seats.

Great condition other than the obvious mechanical repairs we just went through.

Philly area.

Carvana hit it at $17,7 and Vroom at $16,3.

qbrozen · June 2020

28firefighter said:
Q,

Can you give me an auction swag for my mom’s car?

2016 Volvo V60 CC T5 AWD Premiere.
42k miles.
Black over Black Leather.
Nav, BLIS, backup camera, park assist, heated seats.

Great condition other than the obvious mechanical repairs we just went through.

Philly area.

Carvana hit it at $17,7 and Vroom at $16,3.

Ugh. Only 1 comp this whole year thus far and that had 28k miles and sold for $16.4k.

28firefighter · June 2020

Well that explains a lot...first hit was at $16,5 from the dealer...sounds like they're going to come up a bit. I'll report back.

28firefighter · June 2020

Dealer ended up coming in at $17,2XX on the trade. With tax savings, the value was over $18, which exceeded the carvana offer.

Thanks for the assist Q!

cdnpinhead · June 2020

Any idea when the auctions will resumer?

stickguy · June 2020

28firefighter said:
Dealer ended up coming in at $17,2XX on the trade. With tax savings, the value was over $18, which exceeded the carvana offer.

Thanks for the assist Q!

I think I missed it. what did they end up getting instead?

explorerx4 · June 2020

@stickguy,
It's on CCBA.

stickguy · June 2020

yeah, I just saw it. read the threads in the wrong order!

squirreljam · June 2020

Q, or anyone really who's willing, any ideas on pp or dlr retail on a 2013 Kia Soul plus, white, auto, 54k, supposedly one owner, reasonably clean?

Many thanks,
Squirrel

qbrozen · June 2020

squirreljam said:
Q, or anyone really who's willing, any ideas on pp or dlr retail on a 2013 Kia Soul plus, white, auto, 54k, supposedly one owner, reasonably clean?

Many thanks,
Squirrel

$5k, maybe $5500. Give or take a few hundred, depending on where you live.

squirreljam · June 2020

Thanks, man. St Louis MO if it matters but unless that skews it greatly, no need to post back!

qbrozen · June 2020

$80 to your advantage. lol.
But condition can help if better than average. So maybe closer to that $5500 number you could push for.With the low miles, you should try carvana/vroom to see what they will give you. I wouldn't be surprised if they were over $6k.

steine13 · June 2020

I hope auctions will resume soon and traffic on this site will pick up. I'm losing my touch. Two things that came to my attention here in mid-MI:

- at my favorite used-car lot, a 2013 Honda Fit in silver, base, meaning AC & power equipment but no cruise, roof, or alloys, with 51k miles, shod in Michelins with some tread on them, clean, went for $6,800. Manual transmission.
I was sorely tempted but didn't want to lose my Ford Fusion that we've only owned for a few months and that's been excellent... but that struck me as a really good deal.

- A friend of a friend's grandpa can't drive anymore. 2013 Grand Caravan SXT with 64k miles, clean, they want in the 8s. I don't really have a feel for it but that might be an easy sell. Despite the better equipment, I'm in no hurry to swap it for my low-rent 2017 with 36k that I only paid $20 for brand new. Still when I was looking for a used one, I would have been interested... anything that looked good in the ad and was reasonably priced was gone by the time I called, so I finally went new.

Everybody knows that used minivans 'don't sell well', but try finding one. I think it's more that lots of people are lousy parents and the vans are trashed inside. Clean ones are hard to find, and they get snapped up.

Anyway I'm posting just for amusement and practice, as the Fit has been sold and the other one ain't my problem. Low-mile cars aren't of much use to me; I had a 5 mile round-trip 'commute' back when I didn't work from home, and mostly biked anyway. Now I really don't need to drive anywhere, and the rest of the family is similar.

cheers -mathias

qbrozen · June 2020

A fusion is a far nicer vehicle to spend time in than a fit, so no loss there.

I have been able to get most values, or at least get an idea. Some vehicles are tougher than others, as you can imagine. If you only get a few recent Accord comps, the odds of finding even one Porsche comp are slim-to-none.

isellhondas · June 2020

Hard to believe but I've been out of the business for ten years now. I'm still friends with the managers and some of the sales staff at my old store and I try to keep up a bit. It seems that the resale values on the Korean makes has improved quite a bit? It used to be they went begging. They made the mistake of trying to elbow their way into an already crowded market with substandard cars. Anyone remember Daewoo? They did get their act together but a lot of people shied away. The newer offerings look MUCH better! Anyone have a feel on resale values now? Q ? They used to be really "back of book" cars!

qbrozen · June 2020

isellhondas said:
Hard to believe but I've been out of the business for ten years now. I'm still friends with the managers and some of the sales staff at my old store and I try to keep up a bit. It seems that the resale values on the Korean makes has improved quite a bit? It used to be they went begging. They made the mistake of trying to elbow their way into an already crowded market with substandard cars. Anyone remember Daewoo? They did get their act together but a lot of people shied away. The newer offerings look MUCH better! Anyone have a feel on resale values now? Q ? They used to be really "back of book" cars!

They have certainly improved, but it really varies by model. A used Elantra is still a better value than a CamCord thanks to the extra depreciation. They are also cheaper new, I believe? So percentage-wise, not bad. I recently sold my 4-mo-old Ioniq for a profit to Vroom. Had HUGE incentives to help when I leased it. You buy them right and I think they can do OK for you.

stickguy · June 2020

I did real good on my Elantra sport after having it only 15 months.

Sandman6472 · June 2020

I'm intrigued by the Ioniq though and the way it drives plus the real world mpg's. The few folks who own them that I've asked all seem to like them. Said the mpg's were better than expected and all were happy with their choice. Q, was your experience a positive or a negative overall. I was personally surprised that you cut it from the herd after such a short time, but since you made money on the deal, ya done real good there. Not sure I'd ever be able cut one from the herd after only four months though I waited about 375 days to do the exact same thing back at the end of 2014 with the Tucson. Must be a Hyundai thing! My own fault there and I knew pretty darn quick that I f'ed up, big time. I should've just unraveled the deal within that first week but just didn't. Looking back, I knew I screwed up when I left the dealership to go home and passed a new Elantra GT outside the showroom, and it stopped me in my tracks! I knew right then I messed up big time but guess was too embarrassed to go back inside and start the process all over again. Really dumb I know so going forward, made damn sure the Golf was what I really really wanted!
Funny thing is I bet it happens a lot, folks just make the wrong choice but do turn things around. And isn't there a certain time period that one can change things? I know my mother-in-law did with her Oldsmobile back in 1990. So for me, will start the search but will take my time and do it right so I get what I really want.

stickguy · June 2020

Sandy, an unsolicited opinion for you about your next car. Given your point in life (semi retired, part time work super close to home, maybe full retired in a year or 2), and likely putting low miles on going forward, just get what makes you happy without paying much if any attention to MPG. If you are doing maybe 4-5,000 miles a year, tops, it just won’t make much difference. And really not worth it if it means giving up your dream car for something you just sorta live with.

That’s how I ended up with a thirsty (relatively) RDX instead of a hybrid CRV!

stickguy · June 2020

Oh, I priced out a loaded Elantra GT N line. I bet you would love that!

qbrozen · June 2020

The Ioniq was great for the money. The dead battery once bugged me quite a bit. But, yeah, the mileage was just insane. We were somewhere in the 80mpg range, I think, on average. That's, of course, with the electric range. Couldn't really tell you the empg, or whatever the heck they call it. Drove decent, had good tech, etc. And I had the base model.

But, ultimately, yes, I cut it loose for profit and because we weren't using it with this whole shutdown thing. Having 2 leases in the house when you aren't driving does not make sense.

foonat1 · June 2020

Can I have an estimate on trade-in value for 2017 Acura MDX SH-AWD w/tech package, black exterior parchment interior, 21k miles, excellent condition, one owner, clean carfax? I'm in Indiana. Thank you!

qbrozen · June 2020

foonat1 said:
Can I have an estimate on trade-in value for 2017 Acura MDX SH-AWD w/tech package, black exterior parchment interior, 21k miles, excellent condition, one owner, clean carfax? I'm in Indiana. Thank you!

somewhere in the mid $27k range.

tjc78 · June 2020

Having 2 leases in the house when you aren't driving does not make sense.

Tell me about it....

28firefighter · June 2020

tjc78 said:
Having 2 leases in the house when you aren't driving does not make sense.

Tell me about it....

Missed the memo here.

Michaell · June 2020

Real-World Trade-In Values

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