Real-World Trade-In Values

jpp75 · September 2020

qbrozen said:

jpp75 said:
Hey @qbrozen, can you give me a value on a 2017 VolvoV90 CC, in Colorado, 28,500 miles, gray/black. It's in great shape and is CPO, has the luxury package (if that matters) and all the other goodies except for the 4C air suspension. Thanks!
As the seller or buyer?

If trading, you'd probably get $32k'ish. Probably $33k+ from carvana/vroom. As a buyer, well, is it the volvo dealer who CPO'd it the seller? If so, you are probably talking something like $38k. But if you would be the 3rd buyer (first being new, 2nd being CPO buyer, and now you), more like $36k.

Thanks q, great info as always. I'm the seller and it was certified by Volvo, I'm the second owner and just not loving the car so looking to get out of it and this helps a ton. Appreciate it!

steine13 · September 2020

My daughter's boyfriend had is new-to-him Fiesta ST totaled by an inattentive driver.
He is now looking at this - 2017 Ford Focus ST Yellow One-Owner, 40k, manual (natch).
https://www.cars.com/vehicledetail/detail/821664638/overview/
Thanks in advance!
cheers -mathias

explorerx4 · September 2020

Odo on that Fiesta(correction Focus) reads 44k. Not sure if it makes much of a difference.

steine13 · September 2020

>> Odo on that [Focus] reads 44k. Not sure if it makes much of a difference
Thanks, I was being sloppy.
Yeah it does make a bit of a difference.
Them's HARD miles.
Not the kind of car I'd like to buy fresh out of warranty. It's not CPO either.
Heck I just work here... -m

stickguy · September 2020

Hmmm. I really like that Focus. I can imagine the stink eye my wife would give me if I suggested it of course. Which is why I would make sure not to ask her in advance.

I even have a fondness for yellow cars. Had a couple in my early days (Gremlin and Duster).

fase2988 · September 2020

Looking for real world trade in value. 2019 Honda Accord Sport 1.5 in silver. 17,000 miles on it. Minor bumper scratches. Minor curb rash on two wheels. No accidents or paintwork. 11590 zip.

qbrozen · September 2020

fase2988 said:
Looking for real world trade in value. 2019 Honda Accord Sport 1.5 in silver. 17,000 miles on it. Minor bumper scratches. Minor curb rash on two wheels. No accidents or paintwork. 11590 zip.

Sounds like a $21k-$21.5k car. Try carvana/vroom.

fase2988 · September 2020

qbrozen said:

fase2988 said:
Looking for real world trade in value. 2019 Honda Accord Sport 1.5 in silver. 17,000 miles on it. Minor bumper scratches. Minor curb rash on two wheels. No accidents or paintwork. 11590 zip.
Sounds like a $21k-$21.5k car. Try carvana/vroom.

Thank you

steine13 · September 2020

What about me?

I'm only whiny because this deal will probably happen tomorrow.

>> He is now looking at this - 2017 Ford Focus ST Yellow One-Owner, 40k, manual (natch).

>>https://www.cars.com/vehicledetail/detail/821664638/overview/

kyfdx · September 2020

steine13 said:
What about me?

I'm only whiny because this deal will probably happen tomorrow.

>> He is now looking at this - 2017 Ford Focus ST Yellow One-Owner, 40k, manual (natch).

>>https://www.cars.com/vehicledetail/detail/821664638/overview/

No longer available..

I like the Focus ST, though

qbrozen · September 2020

sorry I missed it.

Prices are varied on this. I see a yellow with damn near same miles sold for $19,750, but that's high compared to others. $17k-$18k seems to be the average.

steine13 · September 2020

I was behind on information. Focus came home, for $18,500.
cheers -mathias

nyccarguy · September 2020

kyfdx said:

steine13 said:
What about me?

I'm only whiny because this deal will probably happen tomorrow.

>> He is now looking at this - 2017 Ford Focus ST Yellow One-Owner, 40k, manual (natch).

>>https://www.cars.com/vehicledetail/detail/821664638/overview/
No longer available..

I like the Focus ST, though

There’s something I like about the Focus ST too

stickguy · September 2020

Perfect to me. Small, hatch, quick, fun, manual. Though I also just described a GTI.

Maybe I can find a Mazda 3 stick. Always liked those.

andres3 · September 2020

qbrozen said:

fase2988 said:
Looking for real world trade in value. 2019 Honda Accord Sport 1.5 in silver. 17,000 miles on it. Minor bumper scratches. Minor curb rash on two wheels. No accidents or paintwork. 11590 zip.
Sounds like a $21k-$21.5k car. Try carvana/vroom.

Don't forget Carmax/Edmunds is doing online quotes too now. They actually beat VROOM by like $100 on my A4, but I had already mailed in my 2nd Key FOB to Vroom; so it was too late.

qbrozen · September 2020

$100? Man, I hope you are OK.
LOL.
But, no, I actually had no idea Carmax was working online now.

kyfdx · September 2020

qbrozen said:
$100? Man, I hope you are OK.
LOL.
But, no, I actually had no idea Carmax was working online now.

Through Edmunds!!

andres3 · September 2020

kyfdx said:

qbrozen said:
$100? Man, I hope you are OK.
LOL.
But, no, I actually had no idea Carmax was working online now.
Through Edmunds!!

Yeah, that made the offer more suspicious HAHAHA!

xwesx · September 2020

stickguy said:
Hmmm. I really like that Focus. I can imagine the stink eye my wife would give me if I suggested it of course. Which is why I would make sure not to ask her in advance.

I even have a fondness for yellow cars. Had a couple in my early days (Gremlin and Duster).

Yeah, the yellow looks GREAT on that car!

roadburner · September 2020

The ST was a very nice car; it was just too similar to my MS3 for me to consider it as a replacement.

steine13 · October 2020

This saga ain't over...
>> My daughter's boyfriend had is new-to-him Fiesta ST totaled by an inattentive driver.

Now it turns out the car was totaled (small favors) but the insurance payment doesn't cover the loan amount -- dunno what went on there, and though he says he had a 'verbal agreement' with the dealership for gap coverage, it somehow wasn't included in the package and he failed to notice. Good gravy... Interest rate was 2.24% so his credit appears decent.. so much learning going on.

However, without getting too involved, I'd really like to know what the numbers should be on the totaled car... wholesale, please, but also what should the insurance payout be..? After all, they are supposed to cover TTL for the replacement ride.

We're looking at a 2016 Fiesta ST, 33k miles, moonroof, no Recaros, good shape. Color was a dark gray, and it was clean, with no obvious hits, runs, or errors. I drove it and found it a hoot without being overpowered. Brand-name tires with decent tread.

What's it worth?
Thanks as always -mathias

explorerx4 · October 2020

@steine13,
I think the insurance settlement includes sales tax. Not sure if that is a state by state thing.

kyfdx · October 2020

explorerx4 said:
@steine13,
I think the insurance settlement includes sales tax. Not sure if that is a state by state thing.

+1

corvette · October 2020

"new-to-him" - how long had he had it and did he roll negative equity into the loan? If it was a short period of time since he bought it, it would be difficult for them to argue its value is less than what he paid for it.

steine13 · October 2020

He had it many days but not many weeks before another driver turned left in front of him and nailed him in the rear wheel, bending the frame. Totally the other guys fault -- 'didn't see.' Car was gray and has been replaced by a yellow Focus ST. They'll see THAT.
I know the taxes were rolled in but I doubt there was any negative equity -- he was coming out of a lease on a Cruze and he wasn't over miles. Right now I'm just trying to get some numbers, because the whole thing doesn't make sense to me yet.

explorerx4 · October 2020

Got it. He had a Fiesta and replaced it with a Focus. This about the settlement on the Fiesta.

qbrozen · October 2020

steine13 said:
This saga ain't over...
>> My daughter's boyfriend had is new-to-him Fiesta ST totaled by an inattentive driver.

Now it turns out the car was totaled (small favors) but the insurance payment doesn't cover the loan amount -- dunno what went on there, and though he says he had a 'verbal agreement' with the dealership for gap coverage, it somehow wasn't included in the package and he failed to notice. Good gravy... Interest rate was 2.24% so his credit appears decent.. so much learning going on.

However, without getting too involved, I'd really like to know what the numbers should be on the totaled car... wholesale, please, but also what should the insurance payout be..? After all, they are supposed to cover TTL for the replacement ride.

We're looking at a 2016 Fiesta ST, 33k miles, moonroof, no Recaros, good shape. Color was a dark gray, and it was clean, with no obvious hits, runs, or errors. I drove it and found it a hoot without being overpowered. Brand-name tires with decent tread.

What's it worth?
Thanks as always -mathias

Mid 13s at auction. Insurance pays replacement cost (minus deductible). I’d call it a solid $17k all-in. That’s $16k + $1k taxes and fees.

steine13 · October 2020

Thanks a lot, q, that really helps.
Wow. I figured he was getting the runaround but that is egregious. They are giving him $14, or valuing the car at $14,500 minus the deductible. Nice try.
It's Progressive, which makes me feel all warm and fuzzy, because that's my company as well. Never filed a claim with them, knock on wood.

Next time you're in the Manheim App and you have a couple minutes, would you please post the data you found. That should get the company to fold a lot quicker than 'some guy on the internet said,' even if they know it's true. If you're busy, no big deal -- you've been a big help already! cheers -mathias

corvette · October 2020

In my area, Progressive is very competitive on price, however, they are not known for treating people fairly when they have a claim. Check your state law - can you demand that they show you one or more comparable vehicles within a certain radius?

28firefighter · October 2020

I’d also find some ads of comparable fiestas for sale within 15-20 miles. That has helped with progressive, too.

qbrozen · October 2020

corvette · October 2020

So, they're basically offering him wholesale instead of retail. :@

steine13 · October 2020

Wow, that's great information, thanks!

cdnpinhead · October 2020

Isn't a wonderful world we live in? Knowledge is power (so long s it's real).

sda · October 2020

I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks

qbrozen · October 2020

sda said:
I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks

About $10k. Maybe a little more. That is definitely something you sell yourself. Ask $13.495 and look for at least $12k.

nyccarguy · October 2020

sda said:
I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks

I try not to bounce car ideas off my wife. They will bounce back and knock me over.

ronsteve · October 2020

corvette said:
So, they're basically offering him wholesale instead of retail. :@

This seems to be a thing with insurance companies in the last few years. A co-worker of mine had his car (2010 Legacy) totaled back in 2016, and his carrier (Kentucky Farm Bureau) left him a few grand short of all the comparable vehicles on the market, probably closer to auction value.

nyccarguy · October 2020

ronsteve said:

corvette said:
So, they're basically offering him wholesale instead of retail. :@
This seems to be a thing with insurance companies in the last few years. A co-worker of mine had his car (2010 Legacy) totaled back in 2016, and his carrier (Kentucky Farm Bureau) left him a few grand short of all the comparable vehicles on the market, probably closer to auction value.

Insurance companies will do whatever they can to charge you as much money as they can and pay out as little as they can when the time comes. Many times when they offer you a payout on a totaled car, it is an initial offer. They count on the fact that the overwhelming majority of people won't do the research for a counteroffer or even know that they can make a counteroffer.

sda · October 2020

qbrozen said:

sda said:
I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks
About $10k. Maybe a little more. That is definitely something you sell yourself. Ask $13.495 and look for at least $12k.

sda · October 2020

sda said:

qbrozen said:

sda said:
I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks
About $10k. Maybe a little more. That is definitely something you sell yourself. Ask $13.495 and look for at least $12k.
Thanks, very helpful! Not bad after 7 years and a purchase price of under $23K!

sda · October 2020

nyccarguy said:

sda said:
I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks
I try not to bounce car ideas off my wife. They will bounce back and knock me over.

So true! Not sure how far I'm going to get!

xwesx · October 2020

nyccarguy said:

sda said:
I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks
I try not to bounce car ideas off my wife. They will bounce back and knock me over.

Man, that's for sure. I ended up selling the 2008 Forester a few days ago. For the last several years my wife mentions from time to time how she doesn't like having it since we are basically paying for other people to use it. After another unsuccessful summer of trying to sell the Q7, I just said "forget it, I'll keep the Q7 for now." I figure it will be another winter or more before my son is driving on his own, so it is better to shed the liability and just start over if/when we decide we actually need another car.

Ironically, a mere hours before going to meet the person to process paperwork, she says to my son, "Well, when you have your license and dad brings the other Forester home..." I piped up with, "no, I sold that car. We can talk about car coordination when the time comes."

She was not thrilled. But, at this point, I'm not sure there's a way to get her to hate me more, so I'm going to call that a successful "better to ask for forgiveness than permission" situation. Except, I am not going to ask for forgiveness. LOL

sda · October 2020

xwesx said:

nyccarguy said:

sda said:
I haven’t bounced this off the wife yet... What would be a realistic trade in value for my one owner 13 Accord EX, Champagne Pearl Frost, 99750 mi, needs nothing, no bumps, bruises, dents, bodywork ever, brakes front and rear, starter, alternator, serpentine belt and idler all replaced in the last year. Tires 7/32 all around. Interior looks new. Always garage kept. 29707 zip. I hope you have good news! Thanks
I try not to bounce car ideas off my wife. They will bounce back and knock me over.
Man, that's for sure. I ended up selling the 2008 Forester a few days ago. For the last several years my wife mentions from time to time how she doesn't like having it since we are basically paying for other people to use it. After another unsuccessful summer of trying to sell the Q7, I just said "forget it, I'll keep the Q7 for now." I figure it will be another winter or more before my son is driving on his own, so it is better to shed the liability and just start over if/when we decide we actually need another car.

Ironically, a mere hours before going to meet the person to process paperwork, she says to my son, "Well, when you have your license and dad brings the other Forester home..." I piped up with, "no, I sold that car. We can talk about car coordination when the time comes."

She was not thrilled. But, at this point, I'm not sure there's a way to get her to hate me more, so I'm going to call that a successful "better to ask for forgiveness than permission" situation. Except, I am not going to ask for forgiveness. LOL

It’s called you can't win regardless of the good intent. I am very familiar with that reality.

rovangsta · October 2020

Hi - looking to get rid of my 2018 Honda Civic Si Sedan lease. 18k miles, black paint, a few door dings and a repaired front bumper after it was hit and run.

What would be the best way to do this? Vroom/Carvana etc or trade in to a dealer? What could I expect to get out of it?

stickguy · October 2020

Are you getting a replacement or just rid of it? If straight sale definitely shop it to vroom, carmax (through Edmunds) and Carvana. Carvana has been quite generous lately. And all 3 take about 15 minutes total online. Buy bid from a Honda dealer makes sense too.

qbrozen · October 2020

rovangsta said:
Hi - looking to get rid of my 2018 Honda Civic Si Sedan lease. 18k miles, black paint, a few door dings and a repaired front bumper after it was hit and run.

What would be the best way to do this? Vroom/Carvana etc or trade in to a dealer? What could I expect to get out of it?

Was the bumper incident reported? If so, I'd expect around $18.5k or so. If not, maybe $20k.

Michaell · October 2020

rovangsta said:
Hi - looking to get rid of my 2018 Honda Civic Si Sedan lease. 18k miles, black paint, a few door dings and a repaired front bumper after it was hit and run.

What would be the best way to do this? Vroom/Carvana etc or trade in to a dealer? What could I expect to get out of it?

What is your location?

rovangsta · October 2020

qbrozen said:

rovangsta said:
Hi - looking to get rid of my 2018 Honda Civic Si Sedan lease. 18k miles, black paint, a few door dings and a repaired front bumper after it was hit and run.

What would be the best way to do this? Vroom/Carvana etc or trade in to a dealer? What could I expect to get out of it?
Was the bumper incident reported? If so, I'd expect around $18.5k or so. If not, maybe $20k.

I don't think so. It did go through insurance but I guess I will need to do a Carfax to see.

stickguy said:
Are you getting a replacement or just rid of it? If straight sale definitely shop it to vroom, carmax (through Edmunds) and Carvana. Carvana has been quite generous lately. And all 3 take about 15 minutes total online. Buy bid from a Honda dealer makes sense too.

I'll be replacing, but we don't know with what quite yet. We don't need to trade in necessarily and can sell and buy the replacement as separate transactions if more advantageous. I did a Vroom quote last summer just to see and it was below my lease payoff quote at the time. Probably worth a revisit but I hate the calls and emails they and their dealer partners give you afterwards, I just want a quote from them!

Oh, and I'm in the Seattle area for background per another comment.

Thanks

nyccarguy · October 2020

rovangsta said:
Hi - looking to get rid of my 2018 Honda Civic Si Sedan lease. 18k miles, black paint, a few door dings and a repaired front bumper after it was hit and run.

What would be the best way to do this? Vroom/Carvana etc or trade in to a dealer? What could I expect to get out of it?

On a side note, what are your thoughts on the Si overall?

Real-World Trade-In Values

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