Real-World Trade-In Values

rroyce10 · February 2003

...... Sorry you got missed .. actually I'm a Caddy man by heart ..

         So what do we have here .. it's moonstone, it's got 100k, it's got leather, cd tunes, slider, no ETC .. probably not a bad ride, just a bunch of miles ..

          If it's a clean one, nice inside and out, no chopamatics to the seats, no meteorite hit's to the paint .. then you should be in and around that $5,5/$6ish figure ... You might consider doing a run down Retail Rd, folks like these cars, they sell well if they are nice .. $8,9 in the paper and $7,5/$8,5 makes room for the new driver ....

             Terry.

tboner · February 2003

Either I got missed or you haven't gotten to me yet.

TIA,

TB

rroyce10 · February 2003

....... Another neighbor of George W., tell him I said Hi and I think he's doing a great job ..

       Now here's a "fat daddy" ride .. run's the highways like a skater on ice .. whooosh.! A punch to the gas, and it even makes Vette owners get the dead mullet look. I have driven quite a few of these and enjoyed everyone of them .. nice vehicles.

       You got the Nav, no miles and all the nice stuff for a southern gentleman .. as long as there is no paintwork and the kids haven't used the interior as a carving tool, then trade side you should be seeing $43/$44 depending on the dealer -- don't tell me you are trading this for a 745 ... Yuk.!

            Terry.

rroyce10 · February 2003

.... Ok, we have a 98, it has 49 klicks, tires all over the place, slider and all the nice stuff ..

        On a trade, in and around the ultra high $5's, low low $6's .. now, if you hike down Retail Rd, $8,9 in the paper and $7,5/$8 should be all of it ..

            I hope this helps .. and good luck.!

               Terry.

tboner · February 2003

At those prices, I'll just keep it and drive it into the ground.

I like the car and I can't lose much more value by turning it into the daily driver. That way I don't feel bad about it just sitting 5 days a week.

I may park the Buick in our parking garage at work and drive the SVT to and from and use the Buick for work. Then 100% of it's miles are work related and deductable.

A zero cost solution to free up a parking spot at home, and quite clever too. May even be able to do the public transit thing that way with a car at each end.

TB

wnbafan · February 2003

Terry - I live in Memphis,Tennessee.

bluestar1 · February 2003

It is once again time to go car shopping, and like always, your help, Terry, is always much appreciated.

I want to buy a third (cheap) car as my everyday work-mobile to offset my over-reliance on my two gas-guzzler V8 vehicles. Gas prices are north of $2 these days

I am trying to decide between three cars:

White, 2000 Camry CE, 56K miles (CD, air, power locks/windows/doors): dealer price is $8,900

Silver, 2002 Nissan Sentra GXE, 27K miles, air, AM/FM cassette, auto, power doors/locks/windows dealer OTD asking price is $10,900.

White, 1997 Honda Civic EX 4D, 42K miles, auto, loaded. private seller, one owner, garaged, excellent condition ($8,600/obo)

My OTD price is $10K tops. Which of these three is the best value/deal ? Your help, and that of others will be much appreciated.

Thanks

rroyce10 · February 2003

....... It's hard to say which one is the best .. it's all based on what You like, and these are 3 real good ones that should see 150k+ properly serviced.

       You may prefer the size of the Camry to the Sentra .. you may like the gas mileage of the Sentra over both of them, you may like the "look" of the Honda .. it's just personal taste.

       But as far as the best "bang" for the buck .. the Sentra has too many miles and $9,900 would be just about all of it .. the Camry seems real cheap (so cheap, I would have it checked out) ..

        I think $7,9/$8,0 for the Civic could be a winner .. just keep in mind, in the private sale business, take some "real money" .. dropping $50 bucks doesn't get much attention nowadays, but dropping a couple of grand on the kitchen table does have a tendency of getting their attention and Your price ..

           Soooo, good luck and happy hunting.!

             Terry.

moonkat · February 2003

Terry,
Can you give me a reality check for sale of my van? The wife got her SUV, and now I'm looking to move to something sportier for me and sell/trade van for an 03 Accord.

Ody is Mesa Beige, 58K miles, immaculate and shiny in-out, serviced, and with new Michellins. No damage and no transmission problems.

I know the Edmunds prices for private and trade-in values, but when I was shopping in mid Dec one dealer was offering $16K trade, and Car Max offered $13.5K.

Thanks

rroyce10 · February 2003

..... Aaah, Memphis .. I remember you, your that cute little girl that lives down the street from Elvis ..

        Ok, it's a SE, it has lot's of miles, it's a 4x4, semi new tires, handshaker .. beauty is in the eye of the beholder, so if it's clean, little or few nicks and scratches, service is 100%, no 1,000 Marlboro packs in the seats, no rust, no Ribs R' Us invasions .. then trade side, you should be seeing $1,5/$2,0 ..

          Good luck and say Hi to Elvis for me.

              Terry.

rroyce10 · February 2003

.... Hi Jeff ..

         LX or EX .....................?

       BIG, BIg, Big, big difference ... !

           Terry.

moonkat · February 2003

Terry,
Its an EX with only rear mud flaps option.
tnx

rroyce10 · February 2003

..... $16,0 in December ..? -- That's tumbleweed month and if a dealer is going to push, pull and press to snatch business, that's the time. $16,0 is ALL the Money .. you should have been there, done that and got the tee-shirt, along with the new vehicle ....

Did you get the $13,5 like this week or so .?

Terry.

ginap · February 2003

Went last night to look at the car I wanted. Everything going fine until trade in

Then they had the gall to offer $6,500 without even looking at my car. Ugh. Needless to say we walked. And this was after the sales guy bringing up the KBB price for us too. Lucky for us we are not really desperate so we shall look around more.

robr2 · February 2003

Terry thanks for your input. I'm partial to Omegas but I don't expect to find one of those in the glove box either.

Yeah, $26.900 sounded high to me as well. Maybe if they give me $18K for my 98 Accord...

Hehe Transylvania Motors!!

moonkat · February 2003

Terry,
$16k and $13.5k same day, mid Dec 02.
Ody EX with mud guards only option.

caramo · February 2003

Shoot, I was hoping for a bit more on the Caddy. . . Edmunds and KBB put it at 9K+ wholesale/trade value. . .

Guess we'll see what happens. A buddy of mine from my old dealership now works at the Cadillac store we bought from previously, so I'm hoping that when the time comes we get a reasonable deal all around, without much hassle. That's if I can talk my husband into working with him and not whatever yahoo who ups him when he's ready to buy. (He can be contrary at times. . .)

(Brakes were squeaking really bad, we got some rain, and squeaks mysteriously went away. . . I was telling him "Quick, trade now before the brake squeal comes back!" :-))

acrafton · February 2003

Terry,
Wife interested in moving up her next car puchase, need to trade/turn-in. . .2001 Saab 9-5 Wagon, Red/Black leather, auto, vented/heated seats, cd, roof, rack, 19K miles. In good condtion in Dallas.
Residual is currently $23,700. . .is she in luck?

Thanks
Adam

rroyce10 · February 2003

...... Sorry, didn't mean to hurt your feelings .. ** Edmunds and KBB put it at 9K+ wholesale/trade value ** ..

         See, the problem that some of these info sources neglect to reflect is ~ the "Effect" of the high miles on vehicles .. most banks/credit unions won't finance them, most warranty companies would cover them and they can't be certified .. so what happens is, the market get dwindled by 75/85% and the dealer is stuck looking for a cash buyer .. and the cash buyers are looking for low mileage vehicles, but if a CLEAN hi mileage vehicle pops up, then they want to be waaay back of what a low mileage vehicle can cost ..

         Then you have problem #2, it's a 2DR. I love Eldo's, I drive em' all the time and I'm sure your Eldo is nice .. but, it's a big 2DR, most folks due to age, business, kids, stuff and folks they carry, hobbies, etc, want the convenience of the 4DR, so that dwindles the market even more .. as much as I like Eldo's (and I have driven a bunch) .. when I get a buyer on it, it's H i s t o r y ~ this is not indigenous to Caddy's, it's any of the 2DR's, Acura's, Bimmers, Benz, etc. .. You get a lot of the Oooh, ain't it pretty, ain't it nice stuff, but a buyer is what makes the difference .. thank God it's not a handshaker .l.o.l..

              I hope this helps .....

                  Terry.

rroyce10 · February 2003

...... Hi Adam .. I can't tell, what I need is the pay-off, not the residual ..

Just take the remaining payments, add them up, minus 10%, then add that figure to your residual, that will give you a "ballpark" .. if you have to know for sure - DON'T call the dealer .. call the leasing co and get a pay-off ..

Terry.

acrafton · February 2003

Terry,
Used the wrong terms. . .the PAYOFF is $23,550. Is the 2001 Saab 9-5 wagon as described (red/black leather, auto, cd, moon, heated/vented, 19K miles, in Dallas) worth that on a trade? What is the right number?

Thanks
Adam

rroyce10 · February 2003

**** '01 Forester L Dark Blue Automatic w/CD & alarm.
Brand new Michelins. 60,000 miles, a few little paint chips and dings. Immaculate inside, mats a little dingy. Oh, and I'm in NH ****

        Just had to make sure, I was reading this right .. $6,500 .....?

      Consumer Rated Condition: Good
"Good" condition means that the vehicle is free of any major defects. The paint, body and interior have only minor (if any) blemishes, and there are no major mechanical problems. In states where rust is a problem, this should be very minimal, and a deduction should be made to correct it. The tires match and have substantial tread wear left. A clean title history is assumed. A "good" vehicle will need some reconditioning to be sold at retail; however major reconditioning should be deducted from the value. Most recent model cars owned by consumers fall into this category.

Trade-In Value $8,740 ~~~ Now, I'm not standing there looking at it .. but here is KBB's figures with NO options and the deduct for the 60k .. and nobody really uses KBB .. I could see the high $9's, just to get your attention, but $6,500 ..?

        Gheeeez, I'm not even there and even I'm insulted ...

        It kills me sometimes, I talk with other dealers all the time, it's so slow, all this snow, the Shuttle, Iraq .. but they won't even get off their lazy ^*#@ and look at a vehicle ..?

        Thank goodness they don't work for me - when you left, they would have been right behind you looking for a job ..! .. who was the dealer, Billie Bob and the Brain Dead Brothers .. ugh.!

                Terry :-(

ginap · February 2003

Heh! I had washed it and vacuumed and shampooed everything too! Oh well there are plenty of other dealers around here to choose from so I'm not too concerned. I was very eager to take one of those Siennas off their hands and you think they would be eager too with the new ones coming in soon. Oh well no biggie.

rroyce10 · February 2003

..... Hey Adam, it's a reg wagon loaded up, not an auto SE V6 right ..?

Terry.

rroyce10 · February 2003

.... Your right, there is plenty of dealers and lot's looking for business ..

But, $6,500 ....? - that still kills me ...

Terry.

acrafton · February 2003

Terry - re the Saab 9-5, yes, it is the regular four cylinder. Sorry for the missing info and multiple posts!

Thanks
Adam

rroyce10 · February 2003

.... Hey, no problemo .. it's your life and were just living in it ..

The miles are low, the color is right .. as long as there is no paintwork, no Mcdonald invasions and lookin' 03 .. then trade side you should be seeing the high $19's, low low $20's .. $23,700 is more of a Retail asking price .. but then again, Saab's have never been known for their re-sale value .. sorry.

Terry :-)

jam1000 · February 2003

... w/following options

Selec-trac 4WD
V8
28F package (incl. 6-speakers, power front seats, steering wheel audio controls, auto-dimming mirror, homelink, plus others)
trailer tow package
AM/FM/cassette/single CD
cloth seats, no roof

10,500 miles
gray/gray
Washington, DC area
condition very good (interior great, one tiny ding on rear bumper)

dana27 · February 2003

2001 Toyota Tundra V8 SR5 Access Cab 2WD Auto
Silver
Power Windows/Locks/Steering/Brakes
Single CD/Cassette player
Cruise Control
Cloth Seats
25000 miles
Body/paint in good condition except for a small dent on the tailgate.

2002 Mazda Millenia Silver Auto 19,500 miles
Power Windows/Locks/Seats/etc.
Heated Leather Seats (grey interior)
Moonroof
6 disc Bose in dash changer/cassette (Premium Sound)
cruise and radio setting on the steeing wheel
Paint and Body are perfect

Can you give us an idea of trade in value and retail value in Austin, TX?

Thanks for your time for some reason I really enjoy reading this thread.

wnbafan · February 2003

Hi Terry. Just checking back to make sure you saw that I answered your question about location (Memphis, TN) on my 1991 Nissan Pathfinder SE.

Susan

wnbafan · February 2003

Sorry Terry. I looked through the list twice & saw nothing. then i post the reminder & your response appears before my eyes. Thanks. And, no ribsareus in Memphis, only the best BBQ here!!

Susan

sheila_xo · February 2003

Hi. I have a 2002 Mercedes ML320 and I love it, but have a new job and need a cheaper car. So, what can i get on trade for it? It is Silver with gray leather, heated seats, bose, cd changer and comes with the third row seats. It has 20K miles on it and is in excellent condition. All maint records avail, etc. and the car is in Fort Worth, TX.

thanks

bluestar1 · February 2003

For your help on my question of 3 cars in consideration. I do agree with you on the Camry - turns out it was involved in an accident and can best be decribed as salvage. The Sentra didn't drive too well, at least for me. Unfortunately, the guy selling the Civic has made himself scarce... Hmmmmm wonder why ? I am moving on and the search continues.

dropngvme20 · February 2003

Any insight on the price range an appx. 20k mile, loaded 02 3.0QAuto might go for at finance auction?

For the mechanics out there, how does Audi A4 reliability compare to the Volvo S60?

Thanks a ton, gentlemen and gentlewomen.

rroyce10 · February 2003

...... You kinda got me lost, what's a "finance auction" ..

Terry.

rroyce10 · February 2003

....... It's the right color for DC .. it's the V8, 4x4 and it has nooo miles .. so if it's like new, you should be seeing the ultra high $18's, low $19's on a trade ..

Terry.

rroyce10 · February 2003

...... My boy Tiger is playing a little golf right now .. should be interesting.

Terry.

draymond2 · February 2003

Hi Terry can you give me a trade in and private party values of my wife's vehicle.
2002 tribute es, 13k miles
white exterior, tan leather
6 indash changer
sunroof, tow pkg
alarm, seats hoovered in
no exterior flaws, dings.
Metro Louisville Area.
Also can you give me an idea what I could purchase a used 4cyl Highlander for?
Thanks for all of you help, info.........

rroyce10 · February 2003

... You have a couple of nice drivers here .. the Yota has all the stuff (too bad it's not a 4wd) auto, V8, SR5, Acab, low miles and a right color, a little kiss in the back .. trade side you should be seeing the high $16's, low to mid $17's, it all depends on the dealer .. but, a little travel down Retail Rd when it's detailed and all the history should be seeing $19,9 and let one of the Dallas cheerleaders take it home for $18/$19,5 ..

       It's not an "S" .. right ..?

     Another good color, slider, bun warmers, Bose and all the stuff, the miles are a little on the stiff side .. so trade side, you should be seeing around the high $14's, might do the low low $15's, but I feel the miles will hold it back .. another trip down Retail Rd, a great ad, a great detail, all the records on the front seat .. $17,9 in the paper and $16,9/$17,5 should send it packing ..

         Hey, good luck and let me know ...

            Terry.

rroyce10 · February 2003

...... Good morning .. new job huh.? - I hope it's something interesting ..

       You have the right color going on here .. it seems to have all the toys, slider, leather etc, .. the miles are not doing well here. So if it's clean, no parking lot kisses, no funny smoke, no I love Lucy marks in the interior and no paintwork, then trade side you should be seeing somewhere in and around the low to mid $29's ... oh yeah, xo to you also .l.o.l..

            Good luck ...

               Terry.

rroyce10 · February 2003

....... You are quite welcome, let me know how the shopping goes ..

Terry :-)

rroyce10 · February 2003

....... Hey Dave, how goes it .?

       Louisville huh .? I was just there for the BMW sale last week .. also I see your Email is champion props .. custom props for boats ..? I just bent one of mine ...

           Anyway, thanks for the compliment .. but I still have to know if this is a 2wd or a 4wd ..

              Terry.

isellhondas · February 2003

The new trolls haven't found this forum!

They would be arguing with you about the trade values!

Terry, you do a great job here...hang in there!

draymond2 · February 2003

Sorry Terry, it is a 4wd.
ChampionProps, stands for Champion Properties, I have rental property I'm a slumlord. Just kidding all of my homes are nice!!!!

mellis · February 2003

Terry:

I drove the 98 SLK230 and did not fit or like the way it drove so I moved on. Thanks for the value though.

I ended up with a 99 Boxster w/Tiptronic, 29K miles, 17" wheels, CD, ocean blue w/tan leather. $26,000. How did I do?

Mark

woodguy00 · February 2003

Hi Terry,

95 Nissan Quest GXE
Auto, Air, Cruise,power locks & windows
4 Captain chairs, sunroof
Light green, good paint
Everything works
Portland OR area
169K miles

What are your thoughts?

dcab · February 2003

My lease is up on May 3 and I'm considering buying out the lease, but I'm concerned that the buyout price is higher than the car's value. Here's the information:

2000 Chrysler LHS
silver
32500 miles (should be right at 36K in May)
no additional options
excellent condition, except for a scuff mark on the rear bumper

I'm in Ocala, FL. The buyout price is 14710. What do you think is a fair buyout price? Thanks for your help!

zueslewis · February 2003

Although that buyout price is about what wholesale book is right now, those LHSs are going for $2-3K under book ($10,500-12,000). Bad move.

If you want another LHS, get one in program form - you can easily spend $2K less.

stebu · February 2003

This one is for a friend of mine... really. His son is looking at a 96 Maxima GLE, auto, black, black leather, all the goodies, new tires, 100K miles, looks like it's been hovered in and no nicks what so ever. Boston area. Says the dealer had it listed at $7000 but will let it go for $6500. Is it priced right or does it sound like there might still be some wiggle room?

zueslewis · February 2003

is normal at 100K miles, you still have to consider what the mileage does - there's no possible warranty, no nothing. Wholesale is around $7K, but I'd look at the $5K/5,500 range, maybe going as high as $6K.

If there's a sunroof, add $300-400.

Real-World Trade-In Values

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