Real-World Trade-In Values

steine13 · June 2020

>> Having 2 leases in the house when you aren't driving

Amateur

... we entered this pandemic doozy with FIVE cars, including one lease. Three drivers, who pretty much ain't driving.
Thankfully I gave the leased Cruze back with the miles full up -- but a few months left -- just before the virus hit.

And then I sold my winter beater on the first day of the statewide shutdown. Put the money in an envelope and chucked it in a drawer for a week.. sterile enough. That was a record, though. Posted at noon on a Friday, gone four hours later. There is a market for $1,000 cars, even miled-up ones with soft suspensions, if they're clean otherwise.

Now we have three cars and need one, rarely two. Oh well.
On the upside, I have over 200 miles of biking for the season. Good year for it

stickguy · June 2020

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

Tell me about it....

can I get the password to get into the club?

qbrozen · June 2020

steine13 said:
>> Having 2 leases in the house when you aren't driving

Amateur ... we entered this pandemic doozy with FIVE cars, including one lease. Three drivers, who pretty much ain't driving.
Thankfully I gave the leased Cruze back with the miles full up -- but a few months left -- just before the virus hit.

And then I sold my winter beater on the first day of the statewide shutdown. Put the money in an envelope and chucked it in a drawer for a week.. sterile enough. That was a record, though. Posted at noon on a Friday, gone four hours later. There is a market for $1,000 cars, even miled-up ones with soft suspensions, if they're clean otherwise.

Now we have three cars and need one, rarely two. Oh well.
On the upside, I have over 200 miles of biking for the season. Good year for it

I only said 2 leases. When this started, I had 7 cars for 2 drivers. Now have 5 with 1 on the way out and another on the way in. 1 car currently inoperable, though. Owning during this isn’t an issue, IMHO.

stickguy · June 2020

ioniq is still in your driveway?

qbrozen · June 2020

stickguy said:
ioniq is still in your driveway?

No.
My dad’s old F250. Never put in my sig because it is technically still in his name, although I am the executor. But I do drive it. Probably put about 100 miles or so on it. Took it to starbucks yesterday. Lol

stickguy · June 2020

Ah yeah. Forgot about that one.

squirreljam · June 2020

Hey Q, since you're at least getting some info on mass market stuff, what about auction and a fair dealer price on a 2011 GMC Terrain SLE, 2wd / 4cyl, 83 k, clean-plus condition?

thanks much,
squirrel

qbrozen · June 2020

squirreljam said:
Hey Q, since you're at least getting some info on mass market stuff, what about auction and a fair dealer price on a 2011 GMC Terrain SLE, 2wd / 4cyl, 83 k, clean-plus condition?

thanks much,
squirrel

Mid $5ks at auction. So $7500-$8k retail should do it, depending on condition and needs, of course.

Sandman6472 · June 2020

Stick, they call me "Stick" at work because I walk with my cane, guess these old guys equate a cane with a stick? What an I tell ya.
But you kinda hit the nail on the head there about what you said. A this point, the only requirement I need to worry about is the size of the vehicle, so it'll fit on my side of the garage. Refuse to get something new just to park it outside 24/7 when I have a garage to use. The amount of miles I drive now is ridiculously minimal, whatever figures they are, who cares. It's hard to forget something that you've lived with for years. But going forward, all I should care about is fun. But I'd still like to maybe take advantage of this cheap financing and if I pay it all upfront or take a few years to do a 0% loan, shouldn't be an issue, just have to remember to pay the monthly bill on time. But that shouldn't be an issue unless I'm sick or incapacitated. And then, I can get the girls to write the check.
Now, just need for all this rain to do it at night so I can get some sunny days to start my search.

stickguy · June 2020

payments are easy. Just set up direct debit and they take it right out of your checking account.

corvette · June 2020

stickguy said:
payments are easy. Just set up direct debit and they take it right out of your checking account.

Yup. I'm always amazed at people who are decently well off but refuse to do autopay, especially on low-budget stuff like the water bill, and give the excuse that they don't know whether there will be money to pay it. Do they only keep $0.71 in their checking account?

28firefighter · June 2020

I setup autopay for things that I know will be roughly the same each month. For credit I don’t because I want time to review the statement.

stickguy · June 2020

same. If there is ever a problem with a charge, I want to know it before the money is gone. Standard stuff like car payment and mortgage, that is going on autopay.

tjc78 · June 2020

I have a handful of things on autopay. Probably should have more.

My mom of all people has everything lined up on the bank’s bill pay system. Once a month quick review and she schedules it all with a few clicks.

kyfdx · June 2020

While almost everything is paid on-line, I don't have many automatic payments set-up. Car payments are automatic.

I don't want to get the $8000 water bill I didn't notice, and all of my other checks start bouncing.

stickguy · June 2020

that's why we don't do it. The wife does pay everything through the bank app. Bills don't go to them, but all the normal stuff is set up there, so she just goes in, fills in the amount, and hist submit. Pretty simple.

Sandman6472 · June 2020

We don't do anything auto pay at this time though I do my personal banking online. She either calls in to pay most bills or we send some through the mail. Like the rest of y'all, I don't want a big bill going through auto pay and then bouncing everything else down the line. Not giving over that much control with our money to any bank or computer.

whitesox · June 2020

Looking at a 2011 Lincoln MKT that ran through the auction last month (5/18) coming out of NY. It has the 3.5L AWD W/ECOBOOST. Car has 85K and the dealer is asking $12K. What do you think they paid and what would be a good price to end at? Apologize if this fits in a different forum. Looking to get a less expensive (and not entirely boring) family truckster that will mostly sit in the garage until quarantine lifts....

qbrozen · June 2020

whitesox said:
Looking at a 2011 Lincoln MKT that ran through the auction last month (5/18) coming out of NY. It has the 3.5L AWD W/ECOBOOST. Car has 85K and the dealer is asking $12K. What do you think they paid and what would be a good price to end at? Apologize if this fits in a different forum. Looking to get a less expensive (and not entirely boring) family truckster that will mostly sit in the garage until quarantine lifts....

What color? There was a burgundy in NE PA end of May that got $7900. Rated as excellent condition. So $10.5k-$11k is reasonable, depending on any current needs.

whitesox · June 2020

Thanks Q - that is the one. Although they officially list it as Bordeaux Reserve Red Metallic....like a fine wine I'm sure.

xwesx · June 2020

The MKT is a uniquely designed car, that's for sure! However, the "Bordeau Reserve" is a gorgeous color on it. This car is the "non-boxy version" of the Flex... or at least looks that way. Seems like a decent machine for that kind of money!

whitesox · June 2020

Yep, it isn't my first choice in style - or my 5th, but it seems to hit on value proposition. Room for all 4 kids without buying a second minivan or a mile'd up overpriced suburban. Will be interesting to see how it drives. I'm prepared to channel my inner chauffeur or grandpa style if necessary. Not my phase in life to look at the many manual coupes I would much prefer....

explorerx4 · June 2020

@whitesox,
Ecoboost(twin turbos) makes that MKT pretty quick.

xwesx · June 2020

whitesox said:
Yep, it isn't my first choice in style - or my 5th, but it seems to hit on value proposition. Room for all 4 kids without buying a second minivan or a mile'd up overpriced suburban. Will be interesting to see how it drives. I'm prepared to channel my inner chauffeur or grandpa style if necessary. Not my phase in life to look at the many manual coupes I would much prefer....

If it is anything like the Flex, they drive big, but sure-footed. I was impressed in my short time behind the wheel of a Flex Ecoboost. Incredibly comfortable as well.

dillydill · June 2020

Curious about this thoughts on this one that's certified at Lexus dealer in MA.

2015 Lexus ES300h CPO
67,855 MILES
SATIN CASHMERE METALLIC exterior- looks like Gold
PARCHMENT interior -looks Tan
LUXURY PACKAGE W/BAMBOO TRIM

VIN:JTHBW1GG2F2091302

$17,463*

ronsteve · June 2020

xwesx said:

If it is anything like the Flex, they drive big, but sure-footed. I was impressed in my short time behind the wheel of a Flex Ecoboost. Incredibly comfortable as well.

Does Ford make anything that doesn't drive "big?" The Explorer definitely drives big, and I think the Edge drives bigger than some 3-row SUVs. (or at least bigger than the Sorento)

qbrozen · June 2020

dillydill said:
Curious about this thoughts on this one that's certified at Lexus dealer in MA.

2015 Lexus ES300h CPO
67,855 MILES
SATIN CASHMERE METALLIC exterior- looks like Gold
PARCHMENT interior -looks Tan
LUXURY PACKAGE W/BAMBOO TRIM

VIN:JTHBW1GG2F2091302

$17,463*

somewhere in the 15s at auction if in good condition, which it should be if CPO. So if that $17.5k is the asking price, that is very very good.

dillydill · June 2020

Thank you Q!

xwesx · June 2020

ronsteve said:

xwesx said:

If it is anything like the Flex, they drive big, but sure-footed. I was impressed in my short time behind the wheel of a Flex Ecoboost. Incredibly comfortable as well.
Does Ford make anything that doesn't drive "big?" The Explorer definitely drives big, and I think the Edge drives bigger than some 3-row SUVs. (or at least bigger than the Sorento)

Maybe I didn't use the right term for that. I just meant that the seats and space around the driver don't let them forget that it is a very large vehicle. In contrast, my Fiesta was more of a go-cart in the way the seat and driving position hugged me. Generally, I have never had any issues with the way the brand steers and handles. GM is the king of that department, though their recent offerings seem to be getting more on board with the idea that providing feedback to the driver is not a bad thing!

roadburner · June 2020

ronsteve said:

Does Ford make anything that doesn't drive "big?" The Explorer definitely drives big, and I think the Edge drives bigger than some 3-row SUVs. (or at least bigger than the Sorento)

Five years ago a friend wanted me to go with him when he went to buy a new Explorer; he bought one and wanted me to drive it home. It was a nice sled for what it was, but it was also close to ten billionth on my list of cars I'd like to own.

robbieg · June 2020

qbrozen said:

dillydill said:
Curious about this thoughts on this one that's certified at Lexus dealer in MA.

2015 Lexus ES300h CPO
67,855 MILES
SATIN CASHMERE METALLIC exterior- looks like Gold
PARCHMENT interior -looks Tan
LUXURY PACKAGE W/BAMBOO TRIM

VIN:JTHBW1GG2F2091302

$17,463*
somewhere in the 15s at auction if in good condition, which it should be if CPO. So if that $17.5k is the asking price, that is very very good.

Q - Out of curiosity, how does the hybrid affect the value of the ES?

qbrozen · June 2020

robbieg said:

qbrozen said:

dillydill said:
Curious about this thoughts on this one that's certified at Lexus dealer in MA.

2015 Lexus ES300h CPO
67,855 MILES
SATIN CASHMERE METALLIC exterior- looks like Gold
PARCHMENT interior -looks Tan
LUXURY PACKAGE W/BAMBOO TRIM

VIN:JTHBW1GG2F2091302

$17,463*
somewhere in the 15s at auction if in good condition, which it should be if CPO. So if that $17.5k is the asking price, that is very very good.

qbrozen said:

dillydill said:
Curious about this thoughts on this one that's certified at Lexus dealer in MA.

2015 Lexus ES300h CPO
67,855 MILES
SATIN CASHMERE METALLIC exterior- looks like Gold
PARCHMENT interior -looks Tan
LUXURY PACKAGE W/BAMBOO TRIM

VIN:JTHBW1GG2F2091302

$17,463*
somewhere in the 15s at auction if in good condition, which it should be if CPO. So if that $17.5k is the asking price, that is very very good.
Q - Out of curiosity, how does the hybrid affect the value of the ES?

Nope. ES300H and the ES350 come back with exactly the same value.

isellhondas · June 2020

I just don't get people who go nuts over hybrids. They cost more upfront, they don't get THAT much better mileage, they are more complex and trouble prone. The expensive battery packs WILL fail eventually and resale values aren't any better. On a high mile older hybrid the cost of a replacement battery pack will often exceed the value of the car thus totaling it. I heard a lot of the Prius taxis simple run around on gasoline only just for that reason.

corvette · June 2020

Sometimes, they offer better performance (either on paper with absolute numbers, or in the real world, by providing added oomph in normal driving conditions), but in the case of the ES, I don’t think you gain either, since you’re swapping a V6 for a four cylinder hybrid setup which makes much less power.

andres3 · June 2020

isellhondas said:
I just don't get people who go nuts over hybrids. They cost more upfront, they don't get THAT much better mileage, they are more complex and trouble prone. The expensive battery packs WILL fail eventually and resale values aren't any better. On a high mile older hybrid the cost of a replacement battery pack will often exceed the value of the car thus totaling it. I heard a lot of the Prius taxis simple run around on gasoline only just for that reason.

As @corvette pointed out, in the ES350 vs. 300h the gas mileage makes a HUGE difference, as the V6 is a powerful engine, and the 300h a tiny little 4-banger. So it's not close on that example, which is why my parents bought the 300h after owning an almost 20 year old ES300 that was flawless.

andres3 · June 2020

kyfdx said:
While almost everything is paid on-line, I don't have many automatic payments set-up. Car payments are automatic.

I don't want to get the $8000 water bill I didn't notice, and all of my other checks start bouncing.

How many times has that actually happened?

corvette · June 2020

andres3 said:

kyfdx said:
While almost everything is paid on-line, I don't have many automatic payments set-up. Car payments are automatic.

I don't want to get the $8000 water bill I didn't notice, and all of my other checks start bouncing.
How many times has that actually happened?

I get a notice before the money is deducted, and also track my balance on Quicken. Have never had an issue.

tjc78 · July 2020

andres3 said:

kyfdx said:
While almost everything is paid on-line, I don't have many automatic payments set-up. Car payments are automatic.

I don't want to get the $8000 water bill I didn't notice, and all of my other checks start bouncing.
How many times has that actually happened?

That’s one of those “an ounce of prevention is worth a pound of cure”. Miss an email statement and bang your checking account is gone! Even worse if you have overdraft and it nails your savings or other accounts too!

A buddy of mine had it happen twice on his gas bill. Not $8000 but four digits on what should be $100-$200

steine13 · July 2020

>> Not $8000 but four digits on what should be $100-$200

The thing with computers is, they make very few mistakes... but when there IS a mistake, it's as likely off by a penny as by thousands of dollars.

For the same reason I don't ever use debit cards. The protection is the same as for credit cards, but the first thing that happens is MY account is empty and MY checks bounce... I have some bills on my credit card, and if they go to $10,000 it's THEIR money that's gone and no collateral issues for me while we work it out.

I prefer playing defense over offense in money matters.

28firefighter · July 2020

I have two things that auto-debit from my checking: Mortgage and Car Payments. Everything else goes to my credit card, for exactly the same reason as @steine13. I want to have a grace period to dispute something that looks fishy. And it has happened to us before.

I also want the credit card points, or rather, I used to want the credit card points pre-covid.

stickguy · July 2020

Same here. Mortgage and cars, that’s it.

And the only time I ever use my debit card is at the banks ATM.

Sandman6472 · July 2020

Carry a debit card but never use it. Pay most things by c c and like getting the cash back monthly. No major monthly bills except the cell phone/power/water/cable & internet/lawn guy/Target if we even go that month. So, very easy for the wife to either write a heck or drop off the payment while out in town. Hardly ever use cash though do carry a small amount just in case...the couple of c c I use makes my personal book keeping easy and at the end of each month, pay the balance after going through each receipt with the monthly bill. Could probably just do it all with the computer but, I check each charge slip off on the statement and then only keep the corrected statement just in case.
Just the two of us here now and since we live under our means, no drama really. Trying to agree to eat out more only because the other half likes to, I just hate getting mediocre food and paying a high price for it thus, prefer eating at home. But really trying to force myself to eat out as sometimes, it is just easier. And since I just do simple baking/broiling, not the world's best cook here.

chuckster12 · July 2020

Good afternoon - I'm shopping several Ram 2500 former rental units dealer purchased at auction - no pricing on dealer website on the first two - third one is listed at $44k. All 2019 units
1.VIN: 3C6UR5DJ3KG699654
2.VIN: 3C6UR5DJ6KG699468
3.VIN: 3C6UR5DJ7KG696627

What would these go for at auction? Thanks in advance!

Chuck

qbrozen · July 2020

chuckster12 said:
Good afternoon - I'm shopping several Ram 2500 former rental units dealer purchased at auction - no pricing on dealer website on the first two - third one is listed at $44k. All 2019 units
1.VIN: 3C6UR5DJ3KG699654
2.VIN: 3C6UR5DJ6KG699468
3.VIN: 3C6UR5DJ7KG696627

What would these go for at auction? Thanks in advance!

Chuck

So you’ve got 3k, 5k, and 6k miles, respectively. Oddly, they seem sensitive to miles. So about $42k, $41k, and $40k, respectively, for auction value. As long as none are a crazy color, that is.

Try for $3k over auction value on each. They seem to be plentiful.

nyccarguy · July 2020

Hey @qbrozen - can you tell me what you think of this truck's pricing. Asking for a friend (I swear, you know Chevys aren't my thing)

https://www.devanchevybuick.com/VehicleDetails/used-2014-Chevrolet-Silverado_1500-LTZ-Wilton-CT/4458762353

2014 Silverado LTZ
4WD
Black
Automatic
Fairfield County, CT
3GCUKSEC8EG442232
52K miles
Looks to be in excellent shape inside/out (don't they all?)
Used at a Chevy dealer - not GM CPO

qbrozen · July 2020

That is very cheap. AUCTION value for a clean one with those miles would be $28k. One warning sign is that it has had 3 owners already. So he might want to get it checked out by someone other than that Chevy dealer.

nyccarguy · July 2020

qbrozen said:
That is very cheap. AUCTION value for a clean one with those miles would be $28k. One warning sign is that it has had 3 owners already. So he might want to get it checked out by someone other than that Chevy dealer.

carfax only says 2. unless I misread.

qbrozen · July 2020

nyccarguy said:

qbrozen said:
That is very cheap. AUCTION value for a clean one with those miles would be $28k. One warning sign is that it has had 3 owners already. So he might want to get it checked out by someone other than that Chevy dealer.
carfax only says 2. unless I misread.

The reports are always conflicting. Autocheck says 3. Who the heck knows.

explorerx4 · July 2020

That truck has a regular service history at that selling dealer.

ronsteve · July 2020

Can't figure out if the retail ask is $15600 or $16898, but is there any intel on how much he might have in this one?

https://jeffwylernissanoflouisville.com/used/Volvo/2013-Volvo-XC70-099ae28a0a0e0adf65b8851d760ed282.htm

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